On Point | Podcast
The 'money ladies' take stock of our current economy
Apr 28, 2025
Michelle Singletary, a personal finance columnist for The Washington Post, and Rana Foroohar, a CNN global economic analyst, dive into the pressing issues of our economy. They discuss how tariffs and mortgage rates contribute to uncertainty, and share vital insights on budgeting during turbulent times. The conversation highlights the growing anxiety among lower-income groups amid rising debt, while also exploring how global dynamics, like China's rise, impact American citizens. They emphasize the importance of cautious investment strategies and the evolving role of activism in corporate accountability.
45:27
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Quick takeaways
- Economic anxiety is rampant, leading individuals to seek financial guidance and adopt stricter budgeting practices for stability.
- A potential recession looms, prompting a shift in investment strategies towards international diversification and cash holdings for prudence.
Deep dives
Trump's Unprecedented Approval Ratings
President Trump's current approval ratings reflect unprecedented disapproval, marking him as the most disapproved president in both his first and second terms. At nearly 100 days into his second administration, he holds the record for the lowest approval rating of any president in 80 years. All major issues such as trade, foreign policy, and immigration show declining approval from the public, indicating a significant lack of confidence in his leadership. His handling of the economy, once seen as a strong point, has also eroded dramatically, with a notable drop of 24 percentage points in approval.
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