Today on Bloomberg’s “The Big Take” podcast, John Authers and David Gura discussed official and unofficial recession indicators and what the state of the economy tells us about what could lie ahead. This is a lightly edited version of their conversation.
“With the economy set to cool sharply in the coming months as tariffs take their toll, price-sensitive consumers are poised to become more judicious with their spending.”
“Liquidity in on-the-run bonds [$1 billion-plus deals sold in the past year] has improved, but off-the-run paper [smaller in size and issued more than two years ago] has become virtually untradeable.”
“This case highlights a critical issue for the entire digital asset industry, because there was the misuse of investment pool structures, and the investment pool structure was presented to be decentralized.”
If consumers lose faith in the central bank’s ability to control inflation, the Fed will require more draconian measures to contain tariff-related price spikes.
President Trump announced yesterday that a reprieve which exempts a range of popular electronics from his 125% tariffs on China and 10% rate for the rest of the world is temporary.
