TMI Show Ep 42 Re-run: “Pre-Trump Economic Jitters”

As Donald Trump prepares to return to the White House in one month, some economic signals are blinking yellow. Investors unsettled by the Fed's forecast for fewer cuts in 2025 pushed the Dow Jones Industrial Average down 1,123 points, or 2.6%, while the Nasdaq composite dropped 3.6%. The Dow has lost 2,900 points since December 4th. It’s a tale of two economies: consumer sentiment among Republican voters is at its highest since late 2020, whereas Democrats feel the same as they did in the summer of 2022 when inflation was raging.

What are the prospects for a Trump economy during the next few years? Is DOGE real and, if so, will austerity prime the pump or tank the economy?

The TMI Show’s Ted Rall and Manila Chan discuss the economic picture with market maker Todd “Bubba” Horwitz.