Marketplace Auto repair shops struggle under Trump's tariffs
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Jun 20, 2025 Tariffs imposed by the previous administration are causing headaches for auto repair shops, with skyrocketing parts costs impacting their business. The podcast visits a Vermont shop grappling with these challenges. Meanwhile, cities are revitalizing waterways to attract tourists and create new economic opportunities. Adjustments in manufacturing employment are also discussed, revealing the broader impact of economic shifts on various sectors. Overall, the conversation highlights the intricate connections between current events and local businesses.
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Fed "Well Positioned" Is Ambiguous
- The Federal Reserve claims to be "well positioned" to handle economic shocks but this is ambiguous and potentially backward-looking.
- Their preparedness might lead to delayed responses given reliance on lagging data.
Economic Data Quality Declines
- Declining participation in government data collection threatens the quality of economic data.
- Poor data quality risks misinforming policymakers, possibly leading to wrong inflation and employment decisions.
Manufacturing Slowdown Threatens Economy
- Manufacturing demand and production have slowed, dragging employment down to pandemic lows.
- Manufacturing layoffs risk broader economic contraction due to spending cuts affecting other sectors.