The David McWilliams Podcast Trump's First 65 Days
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Mar 25, 2025 In just 75 days, Trump's executive orders have left the world reeling. Smaller nations like Ireland must adapt to the shifting tides of isolationism and economic chaos. The looming Trump Slump hints at a recession, while secondhand sales surge as consumers rethink spending habits. A tribute to George Foreman introduces parallels between boxing and political strategies. As Brexit reshapes Europe, new alliances emerge, suggesting the future might hold unexpected outcomes for global politics.
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Rope-A-Dope Economics
- David McWilliams connects George Foreman's rope-a-dope strategy in the Rumble in the Jungle to economic strategy.
- He suggests countries should use similar tactics against larger adversaries like the U.S.
Trump vs. FDR
- Trump's first 75 days caused market insecurity, mirroring the initial reaction to FDR's New Deal.
- Despite initial negative reactions, the New Deal shaped American history for decades.
Recession Indicators
- Secondhand designer goods sales are surging on apps like Depop, indicating a potential recession.
- This 'dash for cash' shows consumers are selling assets to cover essential expenses like rent.