RenMac RenMac Off-Script: Shutdown Surprise
Jul 18, 2025
The hosts humorously dive into a recent Coldplay concert incident involving a CEO's affair. They analyze the Federal Reserve leadership race and potential government shutdowns, discussing their impacts on the economy and cryptocurrency. The conversation shifts to U.S.-China chip diplomacy, highlighting its geopolitical stakes for AI. They also tackle the housing market's decline and its effect on rentals, along with the struggles of multifamily REITs due to high interest rates. Finally, they assess a strong earnings season amidst economic uncertainties.
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Coldplay's CEO Affair Scandal
- Coldplay got unexpectedly involved in a scandal when the CEO was caught having an affair with the head of HR during a concert.
- This incident sparked a wave of hilarious memes across Twitter, showcasing social media's quick response to celebrity mishaps.
Trump's Fed Chair Dilemma
- Trump’s Fed chair race is mainly between two loyalists, Kevin Warsh and Kevin Hassett, which may not serve the Fed’s independence well.
- Choosing Governor Waller might give Trump more influence by opening up more seats to fill.
Fed Easing Expected This Year
- The Fed is likely to cut rates later this year due to a tricky economic equilibrium.
- Though not in July, conditions could align for a September rate cut, despite skepticism over the scale of cuts Trump desires.