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Kamala’s Nixonian Price Controls, AI Bubble Risk, Walz’s Personal Finances, Rate Cuts, European Stagnation, and More…

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Welcome to Kamalanomics

After an extended period of silence, Kamala Harris has unveiled her strategy to combat the inflation that took root during her term as Biden's VP. Blaming bad corporate actors, she is proposing new bans on price gouging (or as she put it, "gauging") while offering tax breaks to first-time homebuyers (with special treatment for "first generation" homebuyers).

Kamala’s Economic Gameplan

AI Bubble Risk

Tech stocks have soared and now comprise a very large percentage of the total stock market. Many respected figures in the investment community are using the "B" word—bubble—and drawing comparisons to the dotcom mania of the late 1990s. Yet AI technology has extraordinary potential to revolutionize the economy. Trish and Rob share their views on how to take advantage of the upside potential in AI-related stocks while navigating the very real risks.

Navigating the AI Opportunity Set

Tim Walz’s Portfolio (or lack thereof)

Recent disclosures related to the Democrats' Vice Presidential candidate, Gov. Tim Walz of Minnesota, indicate that he has minimal financial assets, essentially no investments and no real estate holdings. Is he financially illiterate? Irresponsible? Or maybe he has moral objections to investing and property ownership?

Walz’s Personal Finances

Fed Rate Cuts

Weak job creation and rising concerns around systemic risk (with the unwind of the yen carry trade) are driving expectations that the Federal Reserve will start cutting rates, but are we there yet? Inflation has indeed fallen but remains above target levels. Trish and Rob discuss the interest rate outlook, the recent stock market wobble, and the possibility of yet another policy error.

Another Fed Policy Error?

Europe’s Struggling Economies

Reflecting on recent trips to Europe, Trish and Rob discuss the economic realities of life in different European countries and the challenges associated with investing in European stocks. Is the U.S. on the cusp of making some of the same mistakes through taxation, regulation, rigid labor markets and suppression of entrepreneurship?

European Stagnation

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