Bloomberg Surveillance Bloomberg Surveillance TV: December 5, 2024
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Dec 5, 2024 
Nouriel Roubini, a macroeconomic expert and professor at NYU, shares insights on Bitcoin’s volatility, calling it a speculative asset. Eric Resnick, CEO of KSL Capital Partners, discusses the rebounding consumer confidence in the hospitality sector, particularly after the elections, and the implications of labor market trends. Both guests emphasize the need to navigate economic uncertainties and regulatory challenges as the industry recovers from the pandemic, highlighting emerging investment opportunities in travel and leisure.
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Trump's Economic Policies
- Some of Trump's policies could boost growth and reduce inflation, while others might be stagflationary.
- The overall impact depends on which policies are prioritized.
Impact of Tariffs
- Targeted tariffs could modestly boost the American economy and encourage reshoring.
- However, broader tariffs risk inflation and trade wars.
Global Impact of US Tariffs
- High tariffs in the US would be inflationary, but disinflationary for the rest of the world.
- This is due to decreased demand for exports from other countries.