Speaker 1: Bloomberg Audio Studios, podcasts, radio news, single best idea and
Speaker 1: when we say thank you for an eventful January so far,
Speaker 1: huge huge response on YouTube. Thank you so much for that.
Speaker 1: Let's make this short and sweet Waylea from Blackrock was
Speaker 1: just outstanding today talking about the mathematics of the yield curb,
Speaker 1: talking about cash, but far more way Lee talking about
Speaker 1: growth in America.
Speaker 2: We expect US growth to be in the mid kind
Speaker 2: of one point five percent real growth for twenty twenty five,
Speaker 2: which is slightly lowered the consensus, but resilient, certainly, certainly strong,
Speaker 2: with potential to the upside depending on the fiscal side
Speaker 2: of things. Now, having said that, yes, we have seen
Speaker 2: wild swings in inflation expectations so far this year. You
Speaker 2: talked about the inflation prend this week and it's impact
Speaker 2: on break even pricing.
Speaker 1: We leave there, and of course nominal GDP is something
Speaker 1: I really sit on and it has been sprightly, to
Speaker 1: say the least, huge heated opinion of that into the
Speaker 1: late January FED meeting as well. Looking at the top line,
Speaker 1: real growth plus inflation nominal GDP. Take out the inflation
Speaker 1: and you have what's called real or inflation adjusted economic
Speaker 1: growth every year. At this time, Ian Bremer and you
Speaker 1: Erasia group, look at the top risks. Never have I
Speaker 1: seen a set and coalesced sense of ten risks centering
Speaker 1: around a new president of the United States. Ian Bremer
Speaker 1: has just been on fire recently writing about his phrase
Speaker 1: of G zero world. It is here. Here is Ian
Speaker 1: Bremer looking at top risks.
Speaker 3: This year, the Americans are embracing the Chinese worldview that
Speaker 3: has served China so well over the last thirty five years.
Speaker 3: It's transactional about rule of law. They don't care what
Speaker 3: your political system or economic system is like. They will
Speaker 3: engage with you bilaterally with the intention of being more
Speaker 3: powerful than you, and therefore you have to play by
Speaker 3: their rules. And what the Americans are saying is, actually, China,
Speaker 3: we can do that, and we can do it a
Speaker 3: lot better than you can, because we're a lot stronger
Speaker 3: than you, by the way, And that's really what Trump
Speaker 3: is saying. And it does come at a time when
Speaker 3: America's adversaries Russia in deep decline, Iran having lost their
Speaker 3: empire by proxy the Chinese, and the worst economic condition
Speaker 3: since the nineties maybe the seventies are particularly weak. So
Speaker 3: it's an interesting moment to try this experiment. A lot
Speaker 3: of things are probably going to break as a consequence.
Speaker 1: Ian Bremmer of your RASIR group there, I really can't
Speaker 1: say enough about the effort this year. This weekend I'll
Speaker 1: get on social it's all over the place, but let
Speaker 1: me redo that this weekend e Rasia Group's top ten
Speaker 1: risks for twenty twenty five. I'll do that on Twitter
Speaker 1: linked I can't say enough about the team effort to
Speaker 1: drive the conversation forward here. It's been really an extraordinary
Speaker 1: seventeen days. I believe it is deep into two thousand
Speaker 1: and twenty five on your commute across the nation and
Speaker 1: worldwide at the office at home. YouTube growing each and
Speaker 1: every day for a subscribe to Bloomberg Podcast. Thank you
Speaker 1: for the attention on YouTube and on YouTube podcasts. This
Speaker 1: is a single best idea.