Bloomberg Surveillance Single Best Idea with Tom Keene: Kathy Bostjancic & Lori Calvasina
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Jul 7, 2025 Dive into the latest job data and inflation trends that shape the labor market and economic growth. Explore growing uncertainty in the economy and understand the critical differences between risk, uncertainty, and ambiguity. Discover the varied experiences within the U.S. economy, especially concerning income levels and employment trends. Listen as Canadian investors shift their confidence, particularly about AI and productivity, while navigating clear guidance amid market uncertainties.
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Distinguishing Economic Uncertainty Types
- Ambiguity in economics refers to situations with unclear outcomes or uncertain institutions.
- Risk is measurable probability, while true uncertainty is unmeasurable, complicating economic predictions.
Correcting Unemployment Statistics
- Unemployment rates can be misleading when labor force participation drops due to discouraged workers.
- Adjusting for participation, actual unemployment might be higher than reported figures suggest.
Investor Shift from Tariffs to AI
- Kathy Bostjancic described how conversations with Canadian investors shifted from tariffs to AI and productivity.
- This indicates evolving investor focus and a less negative vibe compared to earlier in the year.