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Bloomberg Surveillance

Single Best Idea with Tom Keene: Douglas Irwin & Gautam Mukunda

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 3 February 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Douglas Irwin & Gautam Mukunda.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Get your daily market preview on projected stock updates, monetary policy decisions, and key results in statistics that may impact your trading.

0:08.2

Schwab Market Update is an original podcast from Charles Schwab. Listen today at Schwab.com slash market update podcast or wherever you get your podcasts.

0:17.0

Donald Trump has already changed the way we think about the US economy. Now he's back in the

0:22.1

White House and Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders,

0:28.1

head of government and economics at Bloomberg. Whatever the big question of the week is,

0:32.5

we'll have something interesting to tell you about it in a lively conversation with the

0:36.5

reporters and analysts closest to the action.

0:39.2

Listen to new episodes every Wednesday and follow Trumponomics on Apple Podcasts, Spotify, or wherever you listen.

0:49.1

Bloomberg Audio Studios, Podcasts, Radio News.

1:00.4

Music Audio Studios. Podcasts Radio News. Single best idea. What did we invent over 20 years ago? What we tried to event,

1:06.7

working off of all sorts of good analogs, you wouldn't believe the number of people that, you know, influenced this was the quality of the conversation.

1:16.2

And it doesn't mean just get a lot of fancy muckety mucks and have them on 24-7.

1:20.9

It means a set of people.

1:23.4

Lori Calvesina was fabulous today on the small stock effect and the courage to be in the markets.

1:29.5

So it's some really good fixed income people.

1:31.6

The other day, Ian Lingen would be more capital markets and on and on.

1:36.0

But when it's something in macroeconomics or international economics, you have to go to the source.

1:43.2

The source in America is at Dartmouth College.

1:46.8

Douglas Irwin, 30 years ago, is incredibly young at the time, wrote a book called Against

1:53.6

the Tide, which was absolutely definitive about the history of free trade. And I went right to

2:00.5

him on the first question, President Trump's

2:03.5

fixation on a gilded age, his fixation on William McKinley. Well, I'd say the myth that the U.S.

...

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