Thoughtful Money with Adam Taggart Is The Economy Becoming A "Slow Moving Train Wreck"? | Anna Wong, Bloomberg Economics
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Apr 3, 2025 
Dr. Anna Wong, Chief U.S. Economist for Bloomberg Economics, has an impressive record in predicting key economic indicators. She warns of a slowing economy potentially turning into a slow-motion train wreck due to new tariffs and disruptive policies. With concerns over a significant market drop, Anna discusses the impact of diminishing fiscal stimulus, 'sleeper shock' affecting credit scores, and the complexities of labor market trends. Additionally, she highlights the evolving role of demographics and AI in shaping economic dynamics and investment strategies.
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Slow-Moving Train Wreck
- The economy faces a potential "slow-moving train wreck" due to reduced borrowing ability.
- This makes the economy less resilient to shocks like tariffs.
Factors Affecting Economic Slowdown
- Tariffs only account for 10% of US consumption, but their uncertainty dampens growth.
- Other factors, such as student debt and fiscal policy changes, also contribute to economic slowdown.
Impact of Tariffs in Phases
- Front-running of tariffs has led to increased imports and inventory buildup.
- This creates a temporary positive effect, followed by a freeze in activity after tariffs are implemented.