00:00 Speaker a
Nick, because of these tariffs, there is not only the risk of entering the recession. Your source tells you about the risks of a global economic slowdown?
00:13 gap
Well, this is not, it actually has nothing to do with the source. It’s about what, what you know, what the market is doing now. The government has been talking about the short-term pain of long-term gains, but the market is not like that. The dollar lowers, bond yields fall, and stocks fall. People are talking about higher inflation this year, but as the Fed lowers its pace, uh, it has since lowered its growth hit. Me, I think what you see here is the five stages of sadness in Wall Street. Well, you know, we’re obviously not in the denial phase now, but whether we’re angry, bargaining, frustrated, you know, I think it depends on your point of view. You have not accepted it yet. That’s what happened to us in the market this morning.
01:45 Speaker a
So, Nick, really soon, if we’re going through these five sad stages, what will happen to corporate executives who talk to you anonymously and say they’re tired of these policies to give the president a little voice to get the president to suspend them?
02:06 gap
I think this is a good question. Me, I don’t think we know what to do. Well, this is, we know, in the unknown waters we are here. Well, so we will just have to wait and see. Me, I think that’s the right question, where are people asking, where are the Fed? I think the question is, where is the pain point where the White House is starting to put pressure on the White House in Congress and businesses, uh, you know, anything to negotiate or do will happen here.
