Podcasts about Fiscal policy

Chuck Collins is the Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits Inequality.org. His newest book is “Burned By Billionaires: How Concentrated Wealth and Power Ae Ruining Our Lives and Planet” Inequality is a major problem . Humans daily lives are being disrupted by people with immense power in the areas of health, wellbeing, environment, housing costs, and democracy    The Second Gilded Age and Robber Barons perpetuate the myth of the Trickle-Down Theory.  The middle Class is shrinking, and Project 2025 wants to gut labor unions, eliminate child labor laws, and decimate workplace safety.   Big money robs Americans of their vote and voice. The UN can play a critical role in convening its members to develop standards to limit corruption, money laundering, and offshore banking, along with the G-20 countries moving forward more rapidly with their Global Wealth Tax.

We're digging into a newly released Fraser Institute study that ranks Canada's premiers on how well they manage the public's money. Jake Fuss, Director of Fiscal Policy at the Fraser Institute and author of the premiers' fiscal management study, joins Evan to explain how the research was done and what was discovered.

The Treasurer says it’s not his fault. The Reserve Bank has been caught napping. But it’s clear we are spending too much and going too slow on housing - and that’s why the RBA’s under huge pressure to lift the cash rate today. Economics editor Matthew Cranston is here with some straight talk. View an edited transcript of this episode, plus photos, videos and additional reporting, on the website or on The Australian’s app. Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel. This episode of The Front is presented and produced by Claire Harvey with assistance from Lia Tsamoglou and edited by Jasper Leak. Our team includes Kristen Amiet, Tiffany Dimmack and Joshua Burton. Jasper Leak also composed our theme.See omnystudio.com/listener for privacy information.

In the second of their two-part roundtable, Seth Carpenter and Morgan Stanley's top economists break down the forces influencing growth across different regions.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. And yesterday I sat down with my colleagues, Michael Gapen, our Chief U.S. Economist, Chetan Ahya, our Chief Asia Economist, and Jen Eisenschmidt, our Chief Europe Economist. And we spent a lot of time talking about monetary policy around the world. Today, let's go back to them, talk about the real side of the economy. It's Friday, January 23rd at 10am in New York. Jens Eisenschmidt: And 4pm in Frankfurt. Chetan Ahya: And 9pm in Hong Kong. Seth Carpenter: Michael, let me start with you, back on the U.S. And when I think about the U.S. economy, we have to start by talking about the U.S. consumer. Walk us through what investors need to understand about consumer spending in the U.S. What's driving it, what's going to hold it up, and where are the risks? Michael Gapen: I think the primary thing to remember here is that the upper income consumer drives about 40 percent or more of total spending. So, there can be higher inflation that eats into real labor market income growth. There can be inflation dispersion, which hits lower income households more than upper income households. We can have tariffs that get applied to goods and lower- and middle-income households buy goods more than upper income households. But when asset markets continue to appreciate, when home prices hold on to their prior gains, sometimes that doesn't matter in the aggregate statistics because that upper income household keeps spending.I do think that's a lot of what happened in 2025. So, there is a K-shaped economy. I think one of the main risks about the U.S. is that its expansion is narrowly driven. We think that will broaden out in 2026. If we're right, that inflation comes down and we're past, kind of, the peak effect of tariffs, then we think that lower- and middle-income household can have a little more residual spending power. And you might get the consumer operating on two fronts, rather than one. Seth Carpenter: Another part of domestic spending that gets a lot of attention is business investment spending, CapEx spending. First would you agree with that statement that CapEx spending last year was characterized by AI CapEx spending? Second, should we feel confident that that underlying sort of momentum in CapEx spending should continue for this year? And then third, what's it going to take for there to be a broadening out, maybe like what you said about consumers, but a broadening out of investment spending so that it's not just the AI story that's driving CapEx. Michael Gapen: I do agree that the primary, almost exclusive story in 2025 for business spending was AI. So, when you look at residential and non-residential spending, unrelated to AI, that I think did feel the effects of policy uncertainty in a changing environment. what keeps kind of sustainability around business spending? Obviously, it's a multi-year investment story around AI. There's a level versus growth rate argument here where you can have a heck of a lot of CapEx spending. May not always show up in GDP because some of it is intermediate goods, some of it is imported. But that doesn't diminish, I think, the quality of the overall story. What gets business spending to broaden out, I do think is related to whether consumer spending broadens out. Most business spending kind of follows demand with a lag. So, AI is a different story, but there's a cyclical component to business spending. There could be a housing related component, if mortgage rates come down and stimulate at least a little more turnover in the housing market. So, if the recovery does broaden out, we see greater real income growth in low- and middle-income households. The labor market stabilizes. Maybe mortgage rates come down a little bit, then I think you could get carry through momentum to non-AI related business spending. That would look more like a cyclical upswing for the economy. May be a heavy lift, but that's what I think it would take to get there. Seth Carpenter: So, Jens, let me come to you. We talked yesterday about the ECB possibly easing more on disinflation. But when I think of disinflation, I think of a weak economy. And that's maybe not really the case. So, I guess the first question to you would you characterize euro area economic growth as strong, or a little bit more complicated? Jens Eisenschmidt: A little bit more complicated. And that's always the right answer for an economist – I think it depends. Well, it is strong in some quarters. And these quarters will change from where it has been in the past.So concretely, we think the German economy has most potential to catch up and actually accelerate, and that's due to fiscal stimulus mainly. While we have other quarters, the French and the Italian one, which will be below potential and so weak – each of them for their own reason. And then we have the Spanish economy, which performs exceptionally and is really strong, but it's only a small part of the euro area economy. If we had everything together, I think the outlook is an economy that's accelerating mildly and only towards the end of our projection horizon, which is [20]27. So, in say two years, hits growth rates that are above potential. Here we are really talking about quarterly increments above 0.3. So, we are currently between 0.1 and 0.2. So, you sort of get the picture of a mildly accelerating economy that goes from 0.15 to 0.035 say in the span of two years. Seth Carpenter: One of the key narratives in markets is about fiscal policy in Germany, potentially driving growth. I know in equity markets it's been a key investing theme. So how excited should people be about the possibility of fiscal policy in Germany driving a resilient European economy? Jens Eisenschmidt: Pretty excited, I would say, in a sense that the positioning of the German government for its economy is actually exceptional in terms of the amount of fiscal space that exists and that has been made available. It's just that, of course, the connection of that sort of abstract excitement that we economists have to what actually happens in markets is sometimes a little bit loose; in the sense that equity [markets would like to see everything coming online tomorrow, and that's going to be a more drawn-out process. So, to my point before, it will take some time. We do have implementation lags. We do have lags in say, for instance, on defense procurement. There is maybe not as much capacity in the economy to deliver into everything. But the direction of travel is clear and up. So, from that perspective, I have no doubts that the future is better for the German economy over the medium term for all the reasons mentioned, but it won't be immediate. And we have just seen in recent headlines, Germany is the most trade exposed European economy. If we get more friction in global trade, that's not great. So, you could even have short term, more negative news on GDP than positive ones. Seth Carpenter: Chetan, I'm going to turn to you. Yesterday when we talked about Asia, we focused on Japan. But, of course, when it comes to the real side of the economy, the big mover in Asia is China.So, let's talk a little bit about how you see China evolving. What the key themes are for China. Last year in particular, we talked a lot about the deflationary cycle in China and how it was protracted. It wasn't going away. That policy was not sufficient to drive a huge surge in demand to push things away. Are we in the same place for China in 2026? What kind of growth should we expect and what sort of policy reactions should we be expecting from China? Chetan Ahya: Well, I think the macro backdrop for China we think will still be challenging in 2026. But at the same time, we expect the micro positives to continue. Now on the macro backdrop, when I say it's going to remain challenging because the number one issue that we are focused on from a macro perspective in China is deflation. Now we do expect some easing of deflationary pressures, but [the] economy will still stay in deflation in 2026. And on the micro front what we've seen is that China is emerging from a situation where it is making inroads into advanced manufacturing, and that's enabling it to increase market share in global goods exports. And it's also one of the reasons why when you see the numbers coming out from China on exports, they seem to be outperforming. Even just the latest month number as we saw, China's exports were surprising on the upside relative to market expectations. And that's the micro story – that you'll see China continuing to gain market share in global goods export. And that supports the corporate micro positive story. Seth Carpenter: We know collectively that export is a key part of China's economy. The productive capacity, as you point out, important for China. When you think about exports from China, the currency has to come in. And recently the renminbi has been appreciating. Lots of questions from clients here or there. How important is the renminbi in reflating or rebalancing the China economy? Can you walk us through a little bit some of these considerations about the role that the currency is playing now and over the next few quarters for China and its economic outlook. Chetan Ahya: Yeah, that's right, Seth. Actually, I've been getting a number of clients calling me and asking whether PBOC is going to allow a significant appreciation in RNB. We've seen it appreciate quite a lot in the last few days. And then whether this will mean China's economy will rebalance faster towards consumption. Look, on the first point, we don't think PBOC will allow a significant currency appreciation because, as I just mentioned earlier, the deflation problem is still there. It's not gone. While we see reduced deflationary pressures, as long as the economy is in deflation, it'll be very difficult for PBOC to allow significant currency appreciation. And what we are also watching on RMB is to see what is happening to the trade weighted RMB. The RMB basket, if you were to call it. That interestingly has been in a stable range since 2016, and we don't think that changes. We've learned from Japan's experience in the nineties that if you have deflation problem, you shouldn't be taking up currency appreciation. And we think PBOC pretty much follows that rule book. On the rebalancing part, look, I think when you have deflation and if currency appreciation is going to add to deflation pressures, that will mean corporate sector revenue suffers. They will actually be cutting wage growth and therefore that has a negative impact on consumption. And so, in our view, instead of helping rebalancing currency appreciation with China's current macro backdrop, we'll actually be making rebalancing more difficult. Seth Carpenter: And of course, we're used to China being a key driver of the economy, not just in Asia, but around the world. But if we think about then broadening out from China, what should we be expecting in terms of growth for the other economies in Asia? Chetan Ahya: For the other economies in the region, I think the most important driver will be what happens to exports more broadly. In 2025, Asia did benefit from better tech exports, but because of tariffs and also what was happening in the U.S. in terms of its own domestic demand, we'd seen that there was significant weakness in non-tech exports. So, from an outlook perspective in 2026, we think that that non-tech export story turns around and that will help the recovery in the region to broaden out from it just being tech exports to non-tech exports, to improvement in CapEx, job growth and consumption. So, I think that the whole region is going to see the benefit from this turnaround. But particularly the non-China part of the region will be seeing a meaningful improvement in their export growth, real GDP growth and normal GDP growth in 2026. Seth Carpenter: I'm getting ready to wrap things up. But before I do, I'm going to ask each of the three of you, one last rapid-fire question. Michael, I'm going to start with you. AI is on everyone's lips. If we were to see a rapid adoption of AI technology across all the economies. What would it mean for the Fed? Michael Gapen: Well, I think that would mean a substantial uptick in productivity growth. Maybe closer to 3 percent like we saw in the tech boom in the nineties. So faster real growth. But probably still disinflation. You can argue the Fed could even lower rates in that environment. It may take them a while to figure it out [be]cause they'd be balancing incoming data that shows a lot of strong growth. But probably further evidence that inflation's coming down. So, if it's supply side driven, then I think you could still probably get some rate cuts out of the Fed to normalize policy as inflation comes down. But I'd be thinking those cuts could even come much later. Seth Carpenter: Okay, Jens to you, a lot of discussion in the news about possible additional tariffs from the U.S. on Europe in some of the negotiations. Suppose some of the announcements, 10 percent tariffs rising to 25 percent tariffs later. Suppose those were actually put in place. What does that mean for European growth? Jens Eisenschmidt: So, I would say 10 percent additional tariffs, we have a framework for that. Pointing to drag on GDP growth somewhere between 30 and 60 basis points. So roughly half of what we think 2026 will bring in growth. Now, for sure the answer is additional tariffs are not great for growth. Big question mark here is though whether we get any retaliation from the European side, which we think this time around if we get additional tariffs from the U.S. side is more likely. And that would just increase the downside risk for Europe here from that additional round of trade or tariff uncertainty. Seth Carpenter: Chetan, I'm going to end up with you. When we think about China, when we think about policy, what do you think it would take for there to be a fundamental shift in policy out of Beijing to get a real full blown, demand driven fiscal stimulus? Or is that just not in the cards whatsoever? Chetan Ahya: Well, in our base case, we don't think that's likely to happen in our forecast horizon. But if we do get a big social stability challenge emerging in China, then we could get that big pivot from [a] policy response perspective, where policy makers move towards consumption. And our recommendation there is to boost social welfare spending, particularly targeted towards migrant workers, which could be taken up if you get that social stability risk event materializing. Seth Carpenter: Mike, Chetan, Jens, thank you so much for joining today. And for the listener, thank you for joining us. If you enjoy this show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or a colleague today.

Timestamps(0:30) Overview of the Scottish budget(5:02) Fiscal sustainability (10:28) Clarity of planned transfers between portfolios(14:00) Future spending plans

12-23-2025 David Walker Learn more about the interview and get additional links here: https://thedailyblaze.com/leading-fiscal-policy-expert-discusses-major-issues-for-2026/ Subscribe to the best of our content here: https://priceofbusiness.substack.com/ Subscribe to our YouTube channel here: https://www.youtube.com/channel/UCywgbHv7dpiBG2Qswr_ceEQ

Markets and institutions often force adjustments only when political entities are unwilling to do so voluntarily. Dismantling this misconception is the true mandate of economic leadership. Without addressing it, even the strongest economies risk gradual decline, while the weakest are left waiting for the next crisis to accomplish what politics has failed to achieve.

Veronique de Rugy is the George Gibbs Chair in Political Economy and a Senior Research Fellow at the Mercatus Center at George Mason University. In Veronique's first appearance on Macro Musings she discusses her career as a think tanker's think tanker, what the difference is between classical liberals and libertarians, how America's mindset has shifted on trade and immigration, the fiscal health of the United States, the US's impending debt crises, solutions for fixing the fiscal health of the United States, and much more. Check out the transcript for this week's episode, now with links. Recorded on November 18th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Veronique on X: @VerodeRugy Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:18 - Vero's Career 00:17:35 - Vero's Career 00:24:32 - Fiscal Policy at Mercatus 00:40:59 - Steps Toward a Sustainable Fiscal Path  00:48:34 - Flattening the Debt Curve 00:59:13- Outro

In this episode of the Global Thinking Podcast, Rob Duncan is joined by Forstrong CEO and CIO, Tyler Mordy, to unpack a market that refuses to send a single, clear signal. Equity markets are strong, yet risks are building — a Split-Screen World where optimism and fragility coexist. Tyler provides some insight into the annual Forstrong Super Trends report, Double Vision. From recession risk and cracks in credit to AI's gap between investment and earnings. The conversation then shifts to the bigger forces shaping 2026: the rise of fiscal dominance, the return of the real economy, and the broadening of market leadership beyond the United States. They explore why international and emerging markets are gaining relevance, how AI's next phase is about productivity rather than hype, and why traditional safe havens no longer behave the way investors expect. The result is a clear-eyed discussion focused on where risk is being mispriced — and where opportunity may be quietly building for 2026. A must-listen for investors navigating markets that look healthy on the surface, but far more complex underneath. Listen hear or access the full report below.  Forstrong Super Trends 2026: Double Vision   Chapters 00:00 Introduction to Global Thinking Podcast 02:18 Understanding the Split Screen World 04:50 Risks in a K-Shaped Economy 08:15 The Shift from Monetary to Fiscal Policy 12:36 Global Rotation in Market Leadership 18:13 AI's Second Act: From Hype to Productivity 21:43 The Revenge of the Real Economy 25:41 Currency Cold War and Safe Haven Shakeup 30:17 Investment Strategies for 2026   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com

Guest Kurt Couchman, Senior Fellow of Fiscal Policy with Americans for Prosperity, joins to discuss his latest testimony in Congress on a balanced budget bill. Could we work towards cutting federal spending and balancing the federal budget? Discussion of tariff revenue, federal income tax, and wasteful spending in Government.  Mayor Elect Mamdani of NYC looks to end cleaning up homeless camps in New York. Are we about to see a repeat of LA with tent cities? Discussion of policy changes from Trump vs Mamdani.  Pearl Harbor remembrance weekend, and remembering the war against socialism, fascism, and tyranny. 

In this episode of the Mic On Podcast, Seun Okinbaloye speaks with Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, who explains Nigeria's new tax laws and why they aim to fix multiple outdated taxes rather than increase burdens.He says most Nigerians will pay less from 2026, with clear exemptions for low-income earners, students, and retirees. Oyedele stresses fairness in capturing all economic activity and insists the reforms will lower costs for key sectors while improving transparency.Dismissing claims of overtaxation, he argues that Nigeria's real challenge is low productivity and poor data, not tax rates. He urges support for reforms to avoid repeating past policy failures.Guest:Taiwo Oyedele(Chairman, Presidential Committee on Fiscal Policy & Tax Reform)

Europe's macro outlook is shifting. After years of fiscal restraint and fragmented policy, the region is entering a new chapter one centered on pro-growth fiscal policy, energy security, and capital-market reform. For investors, this transformation signals the potential for renewed momentum in European equities and fixed income.In this episode of The Bid, host Oscar Pulido speaks with Helen Jewell, Chief Investment Officer for EMEA Fundamental Equities, and Roelof Salomons, Chief Investment Strategist for Northern Europe at the BlackRock Investment Institute, about how Europe's evolving macro and investing environment is creating new opportunities across sectors.They explore how fiscal flexibility is enabling investment in productivity and innovation, how energy transition and AI demand are reshaping infrastructure and power markets, and why European banks, defense companies, and energy-efficiency leaders have emerged as standouts. The conversation also looks at the valuation gap between Europe and the U.S., the implications of potential ECB rate cuts, and what reforms could drive a broader, more durable resurgence.Key Takeaways:· Europe's shift toward fiscal flexibility marks its first explicitly pro-growth stance in over a decade.· The intersection of energy transition and AI is driving infrastructure and power investment.· Banks, defense, and efficiency-focused industrials remain strong performers.· Europe still trades at a discount to the U.S., offering selective opportunity.· Integration of capital markets could unlock long-term competitiveness.Key moments in this episode:00:00 Introduction: Europe's Economic Challenges and Optimism01:10 Meet the Experts: Helen Jewell and Roelof Salomons02:17 Historical Context: Europe's Economic Journey03:51 Current Barriers and Progress in Europe05:40 Sector Focus: Defense, Banks, and Energy08:49 Fiscal Policy and Unified European Growth10:33 Energy and AI: The Long-Term Investment Landscape14:30 Valuation and Market Opportunities in Europe17:17 Conclusion: Path to a Broad Resurgence in Europe19:21 Closing Remarks and Future OutlookEurope investing; Europe macro; European equities; investing in Europe; capital-markets union; energy transition Europe; European fiscal policy; European banks; AI power demand; ECB rate cuts; BlackRock Investment Institute; European defense; valuation gap; competitiveness in EuropeSources: “What's needed for an investment renaissance in Europe?”, BlackRock Investment Institute, October 2025; NATO, August 2025; BlackRock Fundamental Equities analysis, September 2025; “Entering The Age of Electricity”, IEA Electricity Demand 2025;This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and Non-EEA countries, this is authorized and regulated by the FCA. In the EEA, it is authorized and regulated by the AFM. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of Business Coaching Secrets, hosts Karl Bryan and Rode Dog dive into the realities behind the trending 50-year mortgage, strategies for raising client prices, and the powerful concept of creating lasting value rather than selling on features alone. They discuss generational financial policy, entrepreneurship advice for young business owners, and how the mindset around risk, investing, and habits shapes long-term success for coaches and their clients. Key Topics Covered The Truth About 50-Year Mortgages Karl Bryan breaks down why 50-year mortgages may be psychologically appealing but are often a disaster for long-term wealth. He reveals how fiscal policies typically benefit older asset holders, not young families, and explains actionable strategies for managing mortgage debt wisely (hint: double principal payments to cut interest costs). Debt, Fiscal Policy, and Asset Ownership A candid discussion about government incentives, student loans, movement, and the marketing of debt programs. The hosts explain how national debts, stock market, and real estate policy affect everyday entrepreneurs. Dave Ramsey's Approach vs. Entrepreneurial Investing Karl Bryan shares why Dave Ramsey's advice, though solid for most, isn't tailored to business owners and can actually hinder entrepreneurial growth. Coaches need to help clients recognize where profit really comes from—often through strategic hiring rather than traditional assets. Advice for Young Entrepreneurs For a 21-year-old approaching seven figures in business, Karl shares direct "notes to his younger self": Prioritize learning and history over hype Avoid gambling culture Understand the dangers of chasing status Find mentors closest to your goals Success follows through other people—cultivate loyalty Real success takes five years—play the long game How to Raise Client Prices and Increase Profitability Karl reveals a "scaling" pricing model to onboard high-ticket clients incrementally and why innovation and value creation are the keys to charging more. He provides a three-prong value breakdown—practical, inherent, and social—and explains how to move clients from being compared "apples to apples" to "apples to oranges" in their market. Group Coaching and Retention Leverage Retaining clients and boosting perceived value through live events and group coaching is explored. Karl draws direct connections between authority, events, and pricing power. Moment of Zen Inspiration from sports, family holidays, and leadership culture. Karl shares the magic of "Mickey Points" for family bonding and how elite athletes prime themselves for risk and resilience. The lesson: unlearning old habits is often the hardest—and most valuable—growth. Notable Quotes "Owning a home is as much psychological as it is an investment—it's security for your family." — Karl Bryan "Motivation is great, but a successful life is about avoiding stupid—capitalize, underline, and italicize 'stupid'!" — Karl Bryan "Raising prices is more complicated than just slapping on 10%—innovation and adding value are the keys to creating profitable clients." — Karl Bryan "Don't ask people close to you, ask people closest to your goal. If you want a great marriage, talk to someone with a 50-year marriage." — Karl Bryan "The higher-level question is: How can we increase profits 100% and keep clients happy?" — Karl Bryan Actionable Takeaways Be Critical of Debt Offers: Young families should double down on principal payments if stuck with a longer-term mortgage and avoid upgrading lifestyle unnecessarily. Invest in People Before Assets: Entrepreneurs get the highest ROI by investing in team and systems before stocks or real estate. Leverage Group and Live Events: Group coaching and live events increase perceived value, retention, and pricing power. Innovate to Escape Commodity Pricing: Break out from "apples to apples" pricing by amplifying practical, inherent, and social value—be different, not cheaper. Avoid Your Worst Activity: Personal and client progress accelerates by cutting the most counterproductive habits first, not just starting new ones. Play the Long Game: Real business and personal success takes at least five years—commit, persist, and learn continuously. Resources Mentioned Profit Acceleration Software — Created by Karl Bryan; helps coaches instantly demonstrate ROI and identify profit opportunities. Jumpstart 1212 — The structured operating system referenced by Karl Bryan to optimize businesses before scaling marketing/ad budgets. Letters to Shareholders — Study these documents for real-world business wisdom; better than chasing social media hype or new books. Focused.com — For accessing Biz Coaching tools and Karl's daily emails. The Six-Figure Coach Magazine — Free subscription for actionable business coaching tips: https://thesixfigurecoach.com/get-it Networking events and group coaching frameworks — Boost authority and client retention. Enjoyed the episode? Subscribe for future insights, share with a coach friend, and leave a review! Catch more strategies for business coaches every week on Business Coaching Secrets. Want to grow your coaching business and attract high-end clients? Get a demo of Profit Acceleration Software™ at Focused.com and join our thriving community.

This week on Facing the Future, Peter Fisher, Distinguished Senior Fellow at the MIT Golub Center for Finance and Policy, describes the potential consequences of America's “untethered fiscal policy” and the risks of hyperinflation or default on the debt.

As the U.S. economy buckles under the weight of unprecedented spending, Tara breaks down how reckless fiscal policy, runaway printing, and political infighting have driven the average homebuyer's age to 59. From the proposed 50-year mortgage to Elon Musk's warnings about national debt, Tara exposes the ripple effects on young Americans, the housing market, and the job economy. Plus, she tackles Trump's missteps—from H-1B visa policies to a shocking White House meeting that left veterans outraged. A raw, unfiltered look at the cost of ignoring fiscal reality. When Washington spends, America pays the price. Tara takes listeners deep into the economic fallout of unchecked government spending and the “big beautiful bill” that promised prosperity but delivered pain. With young Americans priced out of homeownership and the average homebuyer nearing retirement, she highlights how federal overspending has consumed the real estate industry. Tara examines Trump's failure to push through spending cuts, the visa policies undercutting American engineers, and the ripple effects now hitting the job market. The episode culminates in a powerful critique of recent White House optics involving an Al Qaeda-linked figure, emphasizing the disconnect between political ambitions and national priorities. Tara calls for a refocus on America first — fiscal sanity, accountability, and leadership that remembers who pays the bill. Economy, Real Estate Crisis, Fiscal Policy, Trump Administration, Federal Spending, 50-Year Mortgage, Gen Z Homebuyers, Housing Market, National Debt, H1B Visas, Inflation, Immigration, Political Accountability, Veterans, Al Qaeda Controversy

This week on Facing the Future, Peter Fisher, Distinguished Senior Fellow at the MIT Golub Center for Finance and Policy, describes the potential consequences of America's “untethered fiscal policy” and the risks of hyperinflation or default on the debt.

若田部昌澄前日銀副総裁、１０月８日、東京都新宿区政府は６日、経済財政諮問会議の民間議員に安倍政権が経済政策「アベノミクス」を推進していた際に、日銀副総裁を務めた若田部昌澄早大教授を起用する方向で調整に入った。 The Japanese government is considering appointing Masazumi Wakatabe, who served as Bank of Japan deputy governor when then Prime Minister Shinzo Abe promoted his "Abenomics" reflationary policy mix, as a private member of the Council on Economic and Fiscal Policy, informed sources have said.

Guest Kurt Couchman, Senior Fellow of Fiscal Policy with Americans for Prosperity, joins to discuss ongoing government shutdown. When could we see the government open again? Discussion of the Democrat push for universal healthcare, the CR and budget process, government spending, and more.  New York is weeks away from potentially electing a socialist...really? Discussion of latest NYC mayor debate, the growing movement of socialism around the nation, and focus on educating the next generation. 

This week, Kevin Gordon fills in for Kathy Jones. Liz Ann Sonders and Kevin discuss the recent NABE conference and the current state of the markets in light of the government shutdown and recent tariff announcements. They explore the implications for earnings season, the potential impact of AI on productivity, and the challenges facing the labor market. They also cover the importance of upcoming economic data releases and how relying on alternative data could have potential effects on market trends and monetary policy.Then, Liz Ann is joined by Patrick Harker, former president and CEO of the Federal Reserve Bank of Philadelphia. Harker discusses several economic challenges facing the U.S., including the impact of the government shutdown on economic data, the independence of the Federal Reserve, and the complexities of fiscal policy. He shares his thoughts on the need for better data collection and the role of private-sector data sources, while also addressing the labor market dynamics influenced by immigration policy. Harker reflects on his tenure at the Philadelphia Fed and shares insights on the importance of pragmatic policymaking.Finally, Liz Ann and Kevin take a look ahead at upcoming economic indicators and how the government shutdown could affect future data releases.On Investing is an original podcast from Charles Schwab. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(1025-WE69) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Federal Reserve Governor Christopher Waller speaks with Bloomberg's Tom Keene at the Council on Foreign Relations about Fed communication and dissents, the central bank's rate path, the state of the US labor market and unemployment, US fiscal policy, and more.See omnystudio.com/listener for privacy information.

Are markets completely disconnected from economic reality? In this exclusive conversation, Lance Roberts of RIA Advisors sits down with Daniel LaCalle, Chief Economist at Tressis and author of Freedom or Equality, to examine the illusion of wealth, sovereign-debt bubbles, and why the next global crisis may already be forming beneath the surface.

Gold prices are soaring, private equity is unraveling, and data centers have become the next speculative frontier. Beneath all of it lies a simple question: what happens when faith in liquidity, stability, and infinite growth begins to fray? From central banks hoarding bullion to insurers gambling on AI infrastructure, the same story unfolds—risk disguised as resilience. And somewhere between coffee tariffs and capital flows, you can glimpse the new shape of a global economy learning to live without certainty.--Timestamps:(00:00) - Introduction(01:03) - Catch-Up and Current Events(02:09) - Gold Market Analysis(08:40) - Global Currency Dynamics(17:42) - US Gold Reserves and Fiscal Policy(25:24) - Podcast Wrap-Up and Listener Engagement(26:25) - Urgent Financial News: Private Equity and Insurance Capital(27:57) - Private Equity's Desperation for Retail Investors(28:33) - The Volatility Spiral and Liquidity Crisis(31:43) - Private Equity's Leverage on Captive Insurance(32:48) - The Data Center Investment Bubble(41:23) - AI Demand and Data Center Overcapacity(48:52) - The Future of Energy Prices and AI(50:45) - Rising Coffee Prices and Tariff Impacts(57:19) - The Global Trade System and Commodity Markets(01:00:05) - Conclusion: The State of Global Markets--Referenced in the Show:--Jacob Shapiro Site: jacobshapiro.comJacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416Jacob Twitter: x.com/JacobShapJacob Shapiro Substack: jashap.substack.com/subscribe --The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com --Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today's volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.--This podcast uses the following third-party services for analysis: Podtrac - https://analytics.podtrac.com/privacy-policy-gdrp

In this episode of Crazy Wisdom, host Stewart Alsop speaks with Paul Sztorc, CEO of Layer2 Labs, about Bitcoin's evolution, the limitations of the Lightning Network, and how his ideas for drivechains and merge-mined sidechains could transform scalability and privacy on the Bitcoin network. They cover everything from Zcash's zero-knowledge proofs and “moon math” to the block size wars, sound money, and the economic realities behind crypto hype cycles. Paul also explains his projects like Zside and Thunder, which aim to bring features like Zcash-style privacy and high-speed transactions to Bitcoin. Listeners can try Layer2 Labs' software or learn more at layer2labs.com/download.Check out this GPT we trained on the conversationTimestamps00:00 Stewart Alsop opens with Paul Sztorc from Layer2 Labs, discussing the connection between Bitcoin and Zcash and how privacy could be added through zero-knowledge proofs.05:00 Paul critiques early Layer 2s like Rootstock and Lightning, calling many “not real” or custodial, and compares the current scene to the .com bubble.10:00 They explore media hype, Silicon Valley culture, and crypto's cycles of optimism and collapse, mentioning Theranos, FTX, and fake-it-till-you-make-it culture.15:00 Conversation shifts to sound money, government spending, and how Bitcoin could improve fiscal responsibility, referencing Milton Friedman's ideas.20:00 Paul questions Bitcoin treasury companies like MicroStrategy, explaining flawed incentives and better direct ownership logic.25:00 They move into geopolitics and The Sovereign Individual, discussing borders, state control, and the future of digital sovereignty.30:00 Paul explains zero-knowledge proofs, Zcash's “moon math,” and the evolution from sapling to Halo 2 for better privacy.35:00 The topic turns to drivechains, BIP300, and Layer2 Labs' projects like Zside and Thunder, built for real Bitcoin scalability.40:00 Paul explains why Lightning fails, liquidity limits, and why true scaling requires optional L2s with large block capacity.45:00 They discuss the block size war, merge mining, and how miners and nodes interact in Bitcoin's structure.50:00 Paul breaks down the Merkle tree, block headers, and SHA-256 puzzles miners race to solve for proof-of-work.55:00 The episode closes with how L1–L2 coordination works, the mechanics of slow withdrawals, and secondary markets in drivechains.Key InsightsBitcoin's privacy gap and Zcash's influence: Paul Sztorc begins by explaining how Bitcoin lacks true privacy since senders, receivers, and amounts are visible on-chain. He describes Zcash as a model for achieving anonymity through zero-knowledge proofs and explains how Layer2 Labs aims to bring that same level of privacy to Bitcoin without introducing a new altcoin or token.The failure of current Layer 2 solutions: Paul argues that existing Bitcoin Layer 2s like Lightning and Rootstock are flawed—either custodial, inefficient, or deceptive. He compares today's crypto landscape to the dot-com bubble, full of overhyped projects and scams that will collapse before the genuine solutions survive.Sound money and political accountability: The discussion expands beyond technology to economics, as Paul highlights how unsustainable government debt and spending distort incentives. He believes Bitcoin could restore discipline to fiscal systems by forcing real accounting and limiting the political capacity to inflate or borrow endlessly.Corporate Bitcoin strategies are often misguided: Paul criticizes companies like MicroStrategy for treating Bitcoin as a speculative treasury asset instead of using it for real utility. He argues that investors should just buy Bitcoin directly rather than buy shares in companies that hold it, since intermediaries introduce unnecessary risk, fees, and opacity.Drivechains as Bitcoin's missing scalability link: Sztorc presents drivechains, outlined in his proposal BIP300, as the practical way to scale Bitcoin. Drivechains allow multiple Layer 2s to exist simultaneously, each optimized for specific features like privacy, larger blocks, or smart contracts, all while using the same 21 million BTC.Lightning Network's structural limitations: Paul dismantles Lightning's core assumptions, pointing out that it cannot scale globally because each channel requires on-chain transactions and constant liquidity maintenance. He calls Lightning a “Theranos of Bitcoin,” arguing that it distracts the community from genuine, scalable innovation.Merge mining and the path to Bitcoin's future: The episode concludes with Paul describing merge mining as the mechanism that unites L1 and L2 securely, letting miners earn more revenue without extra work. He envisions a Bitcoin ecosystem where optional, diverse L2s provide privacy, speed, and flexibility—anchored by a lean, reliable L1 base.

Despite uncertainty around the US government shutdown and signs of economic weakness, equities have rallied, though tech stocks paused as AI enthusiasm met valuation concerns. With non-farm payroll data delayed, investors are turning to private sector indicators for labour market insights. Meanwhile, in Japan, Sanae Takaichi's surprise win as Liberal Democratic Party (LDP) leader signals a potential return to expansionary “Sanaenomics”, a policy stance reminiscent of Abenomics, boosting equities and pressuring the yen. Tune in for a deep dive into the macro shifts shaping markets this week.This episode is presented by Magdalene Teo, Head of Fixed Income Research Asia, Julius Baer.

Investors might be witnessing the biggest industrial reshoring effort in more than a generation. The global race for technological superiority—particularly around AI and critical semiconductors—is pushing both private capital and government support into ramping up domestic production. Meanwhile, shifting trade policies and geopolitical risk have ignited a realignment in global supply chains impacting a wide array of industries, from furniture to automobiles. But moving factories and building out domestic manufacturing capacity will likely face some speedbumps amid mismatches in labor, materials and costs. New innovations like factory automation bring their own set of implementation challenges. Understanding how the manufacturing outlook is evolving will be crucial as investors sort out potential winning and losing regions and industries. As factories prepare for the future, institutional investors are well positioned to provide the long-term capital that manufacturers seek to modernize operations, create more resilient supply chains, and grow.  This episode of The Outthinking Investor takes a deep dive into trade imbalances and tariffs; how manufacturers are dealing with macro uncertainty; manufacturing's role in supporting labor markets and the broader economy; potential obstacles that could slow reshoring; and portfolio strategies for capturing opportunities amid a manufacturing renaissance.    Our guests are:  Robert Lawrence, Albert L. Williams Professor of International Trade and Investment at Harvard Kennedy School and former member of the Council of Economic Advisers  Julius Krein, editor of policy journal American Affairs and head of policy at the New American Industrial Alliance  Josh Shipley, executive managing director and head of Europe at PGIM, overseeing corporate finance offices in the region  Do you have any comments, suggestions, or topics you would like us to cover? Email us at thought.leadership@pgim.com, or fill out our survey at PGIM.com/podcast/outthinking-investor.  To hear more from PGIM, tune into Speaking of Alternatives, available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com. 

THE TIM JONES AND CHRIS ARPS SHOW 0:00 SEG 1 2nd anniversary of the October 7th attacks SEG 2 Elias Tsapelas, Director of State Budget and Fiscal Policy at the Show-Me Institute | TOPIC: Medicaid in Trouble?: Missouri’s Medicaid program may be facing a big problem. The number of permanently disabled people on Medicaid has dropped by more than 30,000, or about 20 percent, since 2019. That’s the lowest level in twenty years. Elias says this drop might not just be because of the state’s recent eligibility checks. Some people who should be covered as disabled may be signing up under the easier “expansion” category instead. If that’s true, Missouri could owe the federal government a lot of money. | More SNAP Changes: Restoring Thrift: The One Big Beautiful Bill is changing how food stamps, or SNAP, work. It reverses a big 2021 increase in benefits and ties future changes to inflation. It also makes states pay more of the costs and hold them accountable for mistakes when people get too much in benefits. Missouri’s current error rate is over 8 percent. Elias can explain what these changes mean for Missouri and taxpayers. showmeinstitute.org/author/elias-tsapelas SEG 3 Chris’ Corner is about whether Democrats will receive back pay after the shutdown ends https://newstalkstl.com/ FOLLOW TIM - https://twitter.com/SpeakerTimJones FOLLOW CHRIS - https://twitter.com/chris_arps 24/7 LIVESTREAM - http://bit.ly/NEWSTALKSTLSTREAMS RUMBLE - https://rumble.com/NewsTalkSTL See omnystudio.com/listener for privacy information.

In hour 1 of The Mark Reardon Show, Mark shares the latest on one of his puppies that he was afraid was going to be put to sleep on Friday. He is then joined by Batya Ungar Sargon, a Columnist for The Free Press and an Author. She discusses her new show, "Batya!" on News Nation as well as some of the latest trending political news. Mark is later joined by Richard Stern, a Heritage Scholar and Expert on Fiscal Policy. He discusses the latest on the government shutdown as well as his thoughts on Rand Paul's "Six Penny Plan to Balance the Federal Budget in Five Years". They wrap up the hour discussing Chicago taking their pushback against ICE to a new level this past weekend.

In this segment, Mark is joined by Richard Stern, a Heritage Scholar and Expert on Fiscal Policy. He discusses the latest on the government shutdown as well as his thoughts on Rand Paul's "Six Penny Plan to Balance the Federal Budget in Five Years".

In hour 1 of The Mark Reardon Show, Mark shares the latest on one of his puppies that he was afraid was going to be put to sleep on Friday. He is then joined by Batya Ungar Sargon, a Columnist for The Free Press and an Author. She discusses her new show, "Batya!" on News Nation as well as some of the latest trending political news. Mark is later joined by Richard Stern, a Heritage Scholar and Expert on Fiscal Policy. He discusses the latest on the government shutdown as well as his thoughts on Rand Paul's "Six Penny Plan to Balance the Federal Budget in Five Years". They wrap up the hour discussing Chicago taking their pushback against ICE to a new level this past weekend. In hour 2, Dave Murray joins to preview the upcoming fall weather. Sue then hosts, "Sue's News" where she discusses the latest trending entertainment news, this day in history, the random fact of the day, and much more. Mark later discusses Virginia Attorney General candidate Jay Jones' violent threats against Republicans. He is later joined by KSDK Sports Director Frank Cusumano who discusses the crazy weekend of football that occurred and then previews the St Louis Blues ahead of their season opener on Thursday. In hour 3, Mark is joined by Curtis Houck, the Managing Editor of News Busters at the Media Research Center. He discusses Bari Weiss being named the editor in chief of CBS News. Mark then previews 97.1 FM Talk's 25th Birthday party. Listen for information! He's later joined by J Peder Zane, an Editor at Real Clear Investigations and a Columnist for Real Clear Politics. He discusses his latest article titled, "The Progressive Fight From Reality". They wrap up the show with the Audio Cut of the Day.

The Japanese economy was once the envy of the world. By the 1980s, it looked set to surpass the United States in size. Real estate prices were high, the stock market was booming—the entire world was asking if Japan had found a superior model of economic growth and recovery after World War II, one grounded in industrial policy.However, the bubble burst in the early 1990s, and what followed was not a quick recession and rebound as we have often seen in the U.S., but decades of stagnation. Near-zero deflation became entrenched, and the banking system turned into a drug of cheap borrowing rather than an engine for recovery, with the Bank of Japan pioneering quantitative easing by pushing interest rates to zero long before the U.S. Federal Reserve considered such steps in the wake of the 2007 financial crisis. Japan has never since returned to sustainable growth, and this matters for the world at large. A significant creditor to other countries, shifts in Japan's economic policy and fluctuations in its currency ripple across global interest rates, tightening or loosening financial conditions worldwide. Japan also remains a critical node in global supply chains (including for semiconductor chips and electronics), a major importer of energy, and not for nothing, its cultural exports continue to conquer the world.What lessons can Japan's lost decades of economic stagnation and missed opportunities offer the U.S. and other developed economies? Bethany and Luigi are joined by Takeo Hoshi, professor of economics at the University of Tokyo and a leading expert on Japan's financial system and economic stagnation. Together, they discuss Japan's idiosyncrasies—from demographic decline to economic policy mismanagement—and the interplay of global factors such as populism, nativism, and dissatisfaction with capitalism. If the U.S. is indeed on the cusp of its own economic bubble driven by oversized capital investments in artificial intelligence and technology rather than consumer spending and wage growth, does it have the institutions and flexibility to avoid Japan's fate? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome back to the show! In this week's episode, I sit down with Doug Elmendorf, former director of the Congressional Budget Office, to talk about the impact of government shutdowns, the challenges of fiscal sustainability, and the importance of independent statistical agencies. We discuss how shutdowns ripple through the economy and people's lives, the tough choices facing policymakers on entitlements and deficits, and why compromise is vital to our democracy. Doug also shares his perspective on the independence of federal statistical agencies, the role of private sector data, and the optimism he sees in today's policy students. It's a wide-ranging conversation about economics, governance, and the future of public service.Subscribe to the PolicyViz Podcast wherever you get your podcasts.Become a patron of the PolicyViz Podcast for as little as a buck a monthFollow me on Instagram, LinkedIn, Substack, Twitter, Website, YouTubeEmail: jon@policyviz.com

4:20 pm: Kurt Couchman, Senior Fellow in Fiscal Policy for Americans for Prosperity, joins the show for a conversation about a potential government shutdown if Congress is unable to reach a deal on how to fund the government.4:38 pm: On the heels of yesterday's shooting and arson at an LDS church in Michigan, Carl Chinn, President of the Faith Based Security Network, joins the show for a discussion about protecting America's churches.6:05 pm: Nicole Russell, a Columnist with USA Today, joins Rod and Greg for a conversation about her piece on the results of a poll that shows Americans don't trust Democrats when it comes to the economy and crime prevention.6:38 pm: Erika Sanzi, Director of Outreach for Parents Defending Education, joins the show to discuss her piece for Outkick in which she writes that teachers who show joy on social media over murder and assassinations should not be in America's classrooms.

What are the tax solutions to Reeves's budget crisis? What tax changes would encourage growth? Can she afford to scrap the two-child benefit cap? Steph and Robert speak to former Director of Fiscal Policy at the Treasury and current Chief Executive of the Resolution Foundation Ruth Curtice. For investing, savings, and pensions, the smart money's with Wealthify. Open your account today at https://www.wealthify.com Wealthify is authorised and regulated by the Financial Conduct Authority. With investing, your capital is at risk. Tax treatments depend on individual circumstances and may change in future. Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://⁠⁠⁠goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Assistant Producer: India Dunkley, Alice Horrell Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kathy Jones and Liz Ann Sonders look at the state of the markets a week after the quarter-point Fed rate cut. They also discuss the implications of the lower rate for the broader market, the particular dynamics of the Federal Reserve's economic projections, and the current state of the labor market. Next, Kathy speaks with Robin Brooks, senior fellow in the Global Economy and Development Program at the Brookings Institution. They discuss the current state of central bank policies, focusing on the recent Fed meeting and its implications for the dollar and global markets. They explore the complexities of market reactions to Fed easing, the long-term outlook for the dollar, and the importance of institutional integrity in maintaining the dollar's status as a reserve currency. Finally, Kathy and Liz Ann discuss which key economic data to watch in the coming weeks.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Currency trading is speculative, very volatile and not suitable for all investors.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(0925-KKW0) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today's guest is David Ditch, Senior Analyst in Fiscal Policy at the Economic Policy Innovation Center (EPIC). With over a decade of experience examining the federal budget, David has worked at the Senate Budget Committee and at The Heritage Foundation, where he helped launch the Grover M. Hermann Center for the Federal Budget. His work has been published in outlets like FoxNews.com, the Los Angeles Times, and the Chicago Tribune.David's reputation is clear: he cuts through Washington spin with data-driven analysis, showing how Congress, bureaucrats, and special interests have fueled a debt crisis that threatens the future. In our conversation, we dive into the national debt as a failure of elites, the false fights over discretionary vs. mandatory spending, and what Washington could learn from low-tax, low-spend states. We also cover the gimmicks that dominate appropriations and the challenge of making fiscal responsibility popular again.For more insights, visit vanceginn.com. You can also get even greater value by subscribing to my Substack newsletter at vanceginn.substack.com. Please share with your friends, family, and broader social media network. 

Guest Kurt Couchman, Senior Fellow of Fiscal Policy for Americans for Prosperity, joins to discuss latest budget battle in DC. Discussion of Continuing Resolution, upcoming reconciliation bills, and balancing the federal budget.  US House passes a "clean" CR bill to fund the government for 7more weeks, while Democrats in the Senate look to threaten to shut down the government unless we spend more money. Are we surprised?

Michael Shaoul thinks the next two months will be more difficult for the Fed to decide the path forward. He discusses the highly-expected rate cut yesterday and the market's reaction to Powell's comments. He doesn't feel we have any “new information” and thinks the market will probably end higher even if there's a “wobble” in the last quarter. He adds that under current conditions, it's “really, really hard to engineer recession” despite labor market fears.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

The Inside Economics team gets together in person at All Hands Day. It is a short podcast, with more than the typical amount of chit-chat (as we are in person). But it is an action-packed conversation on the Fed's rate decision (see if we got it right), our proposal to unlock the housing market, and, of course, the statistics game!Explore the risks and realities shaping the economy in our new webinar, now streaming for free: U.S. Economic Outlook: Under Unprecedented UncertaintyWatch here: https://events.moodys.com/mc68453-wbn-2025-mau25777-us-macro-outlook-precipice-recession?mkt_tok=OT…Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedInQuestions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you.  Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Chinese finance minister says the country's fiscal policy will continue to balance risk prevention and growth promotion, retaining ample room for future measures.

Today's guest is Kurt Couchman, Senior Fellow in Fiscal Policy at Americans for Prosperity—and a trusted fiscal ally since our days in Washington, back when he was at the Committee for a Responsible Federal Budget. Kurt's cutting-edge thinking on balanced-budget amendments, statutory fiscal targets, and bipartisan reform has made him one of the most respected voices in the fight against runaway spending.His new book, Fiscal Democracy in America: How a Balanced Budget Amendment Can Restore Sound Governance, is out now—and it's essential reading if you care about fiscal responsibility, government accountability, and long-term economic growth.For more insights, visit vanceginn.com. You can also get even greater value by subscribing to my Substack newsletter at vanceginn.substack.com. Please share with your friends, family, and broader social media network. 

Norbert Michel and Dominic Lett square off over whether fiscal or monetary policy is the bigger mess. Lett highlights how entitlement programs like Social Security and Medicare are driving unsustainable debt levels, while Michel explains how post-2008 Federal Reserve changes have created risks of “fiscal dominance,” where monetary policy is increasingly shaped by government borrowing needs. Both stress that without structural reforms and political restraint, the U.S. faces uncertain and potentially catastrophic economic consequences.Show Notes:https://www.cato.org/policy-analysis/comprehensive-evaluation-policy-rate-feedback-rules#https://www.cato.org/books/crushing-capitalismhttps://www.cato.org/blog/medicaid-driving-deficits-republicans-are-scarcely-tapping-brakeshttps://www.cato.org/news-releases/senate-bill-could-increase-debt-6-trillion-cato-analysis# Hosted on Acast. See acast.com/privacy for more information.

Fiscal policy shifts, from taxes to tariffs, are steering global capital and trade flows. The US, for instance, is attracting investments despite the tariff headlines—illustrating how the impact of these policies continues to evolve. In a dynamic policy environment, taxes and tariffs could create new implications for asset classes, sectors, and market structures.  This episode of The Outthinking Investor explores macro implications from taxes and tariffs, how policy changes are shaping the way investors allocate capital, and why economic growth could be more resilient against higher tariffs than in the past.  Our guests are: Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office Kimberly Clausing, professor of tax law and policy at UCLA School of Law and former lead economist in the US Treasury's Office of Tax Policy Jeffrey Young, Head of Investment Strategy for PGIM's quant team Do you have any comments, suggestions, or topics you would like us to cover? Email us at thought.leadership@pgim.com, or fill out our survey at PGIM.com/podcast/outthinking-investor. To hear more from PGIM, tune into Speaking of Alternatives, available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com.

In this BONUS hour of The Sean Hannity Show, Sean sits down with Kurt Couchman, Senior Fellow in Fiscal Policy at Americans for Prosperity, to dismantle three persistent myths about the “One Big Beautiful Bill.” With facts and fiscal clarity, Couchman sets the record straight: Myth #1: “Only the wealthy benefited from the Trump tax cuts.”FACT: The 2017 Tax Cuts and Jobs Act delivered across-the-board tax relief—from doubling the standard deduction to lowering rates at every income level. Myth #2: “The bill cuts Medicaid for those who depend on it.”FACT: Reforms focus on efficiency and restoring Medicaid’s intended mission—not slashing support for vulnerable populations. Myth #3: “This bill explodes the deficit.”FACT: The real culprit is out-of-control spending—not tax cuts. Federal spending has tripled since 2001, while the 2017 cuts spurred growth, boosted incomes, and actually helped revenue. Growth, Couchman argues, is the antidote to deficits. A must-listen for anyone debating tax policy, entitlement reform, and fiscal responsibility. Please follow The Sean Hannity Show wherever you get your podcasts. Follow Sean and Our Guests on Social Media: Sean Hannity: Facebook: facebook.com/SeanHannity X (Twitter): x.com/seanhannity Truth Social: truthsocial.com/@SeanHannity Kurt Couchman: X (Twitter): https://x.com/KurtCouchman YouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

In this episode of Good Morning Liberty, hosts Nate Thurston and Charles Thompson dive into the Dumb Bleep of the Month for April and May 2025. They cover a variety of absurd and controversial topics including Trump's Liberation Day tariff announcement, Douglas Murray vs. Dave Smith debate, Bill Burr's inaccurate economic takes, Misfit Patriot's genocidal comments, and much more. Join them as they humorously unpack the dumbest events of the past two months, featuring mariachis in the Texas House, shocking Biden revelations, and a showdown between Trump and Thomas Massie. Buckle up for a mix of laughter and facepalms!   (00:00) Intro (02:12) April's Dumb Bleep Nominees (09:57) Debate Highlights: Douglas Murray vs. Dave Smith (14:32) Bill Burr's Economic Rant (23:51) Misfit Patriot's Controversial Statements (29:36) May's Dumb Bleep Nominees (35:01) Redistribution and White Fragility (35:51) African Development Foundation Scandal (43:16) Biden's Mental Acuity Revelations (50:48) Texas House and Property Taxes (55:04) Trump vs. Massie and Fiscal Policy (01:05:29) Conclusion and Recap   Links:   https://gml.bio.link/   YOUTUBE:   https://bit.ly/3UwsRiv   RUMBLE:   https://rumble.com/c/GML   Check out Martens Minute!   https://martensminute.podbean.com/   Follow Josh Martens on X:   https://twitter.com/joshmartens13   Join the private discord & chat during the show!   joingml.com   Bank on Yourself bankonyourself.com/gml   Get FACTOR Today! FACTORMEALS.com/factorpodcast     Good Morning Liberty is sponsored by BetterHelp! Rediscover your curiosity today by visiting Betterhelp.com/GML (Get 10% off your first month)     Protect your privacy and unlock the full potential of your streaming services with ExpressVPN. Get 3 more months absolutely FREE by using our link EXPRESSVPN.com/GML  

Midweek Market Insights and Legislative Updates In this episode of Dividend Cafe on June 4th, Brian Szytel from The Bahnsen Group provides a market overview, discussing the uneventful day in equities, with minor movements in the Dow, S&P 500, and Nasdaq. He explains the rally in the bond market caused by private payroll numbers missing estimates significantly. Brian also reviews the mixed economic indicators from the May ISM services index and services PMI, noting one indicator in contraction and the other in expansion. He addresses the fiscal impact and revisions of a significant legislative bill, emphasizing the need for reduced spending, especially on entitlements. Additionally, he answers a question about section 899 of the proposed bill regarding tax rates for foreign investors in U.S. assets. He concludes by previewing upcoming data releases for the week, including initial jobless claims, productivity numbers, trade deficit, and employment figures. 00:00 Introduction and Market Overview 00:38 Economic Indicators and Employment Data 01:53 Fiscal Policy and Deficit Concerns 03:06 Foreign Investment Tax Proposal 04:19 Upcoming Economic Data and Conclusion Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

As President Donald J. Trump races to get the "One Big Beautiful Bill" across the finish line in Congress, our host with the most, Mike Slater, talks about a few final nooks and crannies of the legislation that haven't been covered by the lamestream media. You might be sick about hearing about this thing, but it's important and you'll want to know what Mike has to say!Following the opener, Breitbart's Economics Editor, John Carney, joins the program to give a fiscal expert's take on the bill and also gab about the "drama" surrounding America's state credit being downgraded by Moody's. It's an informative and educational discussion!