The Compound and Friends Something's Going to Break, We Don't Know What
32 snips
Nov 19, 2024 
Michael Cembalest, Chairman of Market and Investment Strategy at JP Morgan, dives into the implications of political shifts for the economy. He discusses how Trump's election could affect stocks and critiques the Democrats' handling of inflation. The conversation highlights the housing affordability crisis, the economic effects of immigration policies, and market predictions for 2025. Cembalest also reflects on the role of AI in today’s business landscape, questioning its genuine integration and potential risks.
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Morning in America
- Michael Cembalest recalls Morning in America commercials from Reagan's campaign.
- He emphasizes that voters prioritize economic issues in elections.
Biden-Harris Messaging Failure
- The Biden-Harris campaign underutilized economic messaging, despite positive economic indicators.
- Cembalest suggests their choice of economic spokespeople, like Janet Yellen, was ineffective.
Supply and Demand
- Democrats often propose giving money to solve problems even when supply and demand issues are the root cause.
- Cembalest argues that increasing supply through deregulation is a more effective solution.