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Join Michael Cembalest as he explores a wide variety of investment topics, including the economy, policy and markets.
Dogespierre Has Left The Building: DOGE’s impact on US government spending; Spanish Power outage; Trump Tracker
Eye On The Market
26 minutes 7 seconds
6 months ago
Dogespierre Has Left The Building: DOGE’s impact on US government spending; Spanish Power outage; Trump Tracker
Like his predecessor Robespierre, Dogespierre (Elon Musk) also brought down the proverbial guillotine with indiscriminate cuts to Federal employment, contracts, leases and grants. With Dogespierre now stepping back to spend more time on his core businesses, we take an early look at DOGE’s impact on US government spending, the likely overestimation of estimated savings, negative fiscal feedback loops from firing IRS workers, conflicts of interest and possible consequences of DOGE spending cuts. Also: the latest data from the Trump Tracker and some comments on the Spanish power outage.
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Eye On The Market
Join Michael Cembalest as he explores a wide variety of investment topics, including the economy, policy and markets.
