Core Insights - The U.S. business investment boom is intensifying, with non-defense capital goods shipments up 9.9% at an annual rate over the past three months, nearly double the twelve-month rate [2] - New orders for non-defense capital goods have increased by 8.5% over the past three months, compared to a 5.5% increase over the past year [2] - The surge in capital expenditures (capex) is attributed to tax policies implemented by the Trump administration, which allow for immediate expensing of investments [3] - GDP growth has been robust, with annual rates of 3.8% in Q2, 4.4% in Q3, and potentially 5% in Q4, indicating a strong economic environment [4] - Business-to-business spending is a significant driver of economic growth, as it supports job creation and wage payments [5] Investment and Productivity - Increased business investment is contributing to a productivity boom, with corporate profits and margins at record levels, enabling businesses to hire more and pay higher wages [6] - Rising take-home pay, approximately 4%, is outpacing core inflation measures, providing an economic benefit of about $2,000 for an average family [7] Economic Policy and Outlook - The current economic environment is characterized by low taxes, deregulation, and rising productivity, which are fostering a manufacturing boom and lowering prices [9] - The new Federal Reserve chair should align with the principles of Trumponomics, which emphasize that economic growth does not inherently lead to inflation [9] - Concerns are raised about potential candidates for the Federal Reserve who may not align with these economic principles, suggesting a preference for candidates who understand supply-side economics [10][11]

Last year, economists slashed expectations amid tariffs and other Trump policies. The latest survey shows those concerns have largely receded. ...

Core Insights - The podcast discusses the global economic outlook for 2026, focusing on key themes that could impact digital asset markets, despite not mentioning cryptocurrency directly [2]. Group 1: Federal Reserve Independence - The independence of the Federal Reserve is highlighted as a critical issue for 2026, with potential changes in leadership as President Trump may appoint a new Fed chair when Powell's term ends in May 2026 [3]. - Erosion of Fed independence could undermine market confidence in controlling inflation, affecting the status of the dollar and Treasury market [4]. - A weakened dollar could enhance Bitcoin's appeal as "digital gold," while policy uncertainty may lead to risk-off sentiment, negatively impacting crypto prices [4]. Group 2: AI Bubble Risk - There is a warning about a potential correction in AI-related stocks in 2026, drawing parallels to historical market bubbles [5]. - The current high usage of AI tools like ChatGPT does not translate into significant revenue for companies like OpenAI, raising concerns about sustainability [5]. - A correction in AI stocks could create a risk-off sentiment that may adversely affect the crypto market, as crypto remains influenced by broader market trends [6].

On this episode of Trumponomics, we explain how a bluntly worded document that has foreign capitals up in arms was probably aimed at Trump’s base https://t.co/Z0FtQhCVDV ...

On this week’s Trumponomics, we discuss how the party swept off-year elections by using Donald Trump’s campaign theme against him https://t.co/K3Avu52NqR ...

On this episode of Trumponomics, we look at how the underlying dynamics in Washington are different and what it could mean for the economy https://t.co/Zr3Xn6Htld ...

On this episode of Trumponomics, we look at how US workers and tech firms will be affected by the $100,000 expense, and a potential silver lining for India https://t.co/CBNAE67GsI ...

On this episode of Trumponomics, we explore the structural reasons behind rising borrowing costs across the globe https://t.co/uAimhKf8xJ ...

Just a few months ago many investors were convinced that Trumponomics would energise America’s business environment. These ten charts show how that has not been the case https://t.co/FyENmdyfcx ...

Just a few months ago many investors were convinced that Trumponomics would energise America’s business environment. These ten charts show how that has not been the case https://t.co/d6QNO4EZ8y ...