We’ve seen a massive amount of change in the federal government in the last month since Trump was inaugurated for his second term. The threat of tariffs and inflation, DOGE’s dismantling of legacy government programs, and discussion of annexing Canada and Greenland has many people concerned. This episode we cover the gamut from a financial perspective, including how investors should interpret what’s happening in Washington, whether we should be concerned about inflation in the near term, and how the markets have responded so far.
Show Notes
[02:07] Market Update – Grant discusses the recent market and government changes since Donald Trump's second term.
[10:12] Article of the Month – Claudia Sahm’s article on subtasks about inflation and the potential impact of tariffs.
[17:46] Inflation – Grant addresses the concerns regarding possible inflation due to the 25% tariff on Canada and Mexico.
[25:00] Government Efficiency - Grant explains the Department of Government Efficiency and its efforts to reduce government waste and deficits.
[30:50] Federal Debt – Grant addresses the potential consequences of not addressing the deficit.
[37:40] Centralization of Power – Grant shares his take on the centralization of power when trying to improve government efficiency.
[41:00] Diverse Portfolios – Grant advises people to diversify their portfolios, especially outside the US, to reduce risks from government actions and inflation.
[47:55] Gold – Grant explains the importance of equities over gold, as they offer more potential for long-term growth and value preservation.
Resources
Inflation. How worried should we be?
stayathomemacro.substack.com/p/inflation-how-worried-should-we-be