Eric Schiffer
speaker
34 appearances
1 recordings
1 series
first heard Feb 2025
last heard Feb 2025
Eric Schiffer’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Look, there are some concern about elements within the report that may be lasting. But in reality, some of the report is likely to change in a good way for the market and for the economy in that housing typically has a long delay. So what you're seeing is likely to go down and you can't read anything over one report.
I mean, and it's largely what you saw in terms of the reaction from the market was consistent with that, which is that the market has discounted one report. I think if we saw some of the indicators like housing, for instance, or shelter that was unlikely to begin to recede, it would be another thing.
Now, look, tariffs can short-term create some challenges, but I think there are also other factors at play here that will allow inflation over the next year to be largely within a range that's manageable for the economy.
I think in part because of the way the data is recorded. So there's a lag period. And if you look at some of the more recent data, it's far more beneficial in terms of numbers. And again, it's structured on a delayed system. So you're not getting real time data. You're getting sort of an accumulated set of data. And I think it's optimistic for the future.
Again, you know, you can have these spikes and it doesn't mean that we're heading back into a period like we did with the pandemic where, you know, the inflation was draconian and it was very powerful and caused a lot of challenges, including the Fed. And you saw the way the Fed reacted to this. I mean, they they didn't say that. things wouldn't get under control.
What they said is we're just going to have to watch it more. And I think that's the case. I don't think that there's anything at this point for investors or certainly consumers to be concerned about.
I don't think you need to have to cut rates just yet. One of the considerations that I think the administration is looking at is how do we take down the 10-year rate? And the tenure is ultimately going to sort based on how well the deficit is managed.
And when you have Elon, who's going to town, taking out all of the junk and the corruption and what has been systemic overspending, that message to the market, I think it also will help to take So you'll see financial engineering in which I think the tenure will come down. And ultimately, the Fed will drive rates down in time as they get comfort that inflation is not going to rear itself.
But in reality, when you think about interest rates, the tenure has a bigger driver on mortgages and other kinds of financing. And that's something the administration can control. They don't need Powell to do anything with that. And they control it through some of the mechanics that is underway, which is reducing the deficit, which is a good thing for the country.
What it does is it tells investors that there's less risk, right? So it signals to the investor community that the risk is being reduced, that America is stronger financially. And that allows you to be able to have debt that sells at a lower interest rate overall. And that's the underlying fundamental of this.
And so anything that can be done to prove out, to show evidence that we are fiscally stronger serves the tenure.
I think it will depend upon what each government chooses to do and how and what the political situation is in the various governments. So when you do have some governments that may come back with more draconian industry specific tariffs, then, yeah, you can see secondary effects of that. And that can mean higher prices in certain verticals, for instance, it
And but we we've yet to see that fully instituted. What we've seen is a bit of a dance today. I mean, there are tariffs, but we haven't seen governments come out with any type of what I would consider to be draconian implementation. There's been a lot of threats and those threats are directed at farmers. They've been directed at Elon and Tesla. et cetera.
But the actual execution is still the missiles haven't been fired. Okay. And so this is going to be a dance for a bit and we'll have to see, we're going to need to see, we'll also need to see how aggressive the Trump administration will ultimately want to go. Because part of this is for them to balance both inflation, what's real time against what the goals are from a revenue standpoint.
And look, if Elon can continue to cut,
that takes pressure off of the trump administration to drive revenues through tariffs right because they're able to balance the budget and reduce the deficit other ways so i think they're taking a much more measured approach than the press ever gave them credit for which is why strategically and i think it goes to having a solid team economically that's thinking about all the second level effects
making these moves and trying to balance everything accordingly. But just because a government comes back and threatens doesn't mean they're going to do it, especially with the United States that has so much ultimate power at its hands.
Well, look, I think it's going to have a big impact on revenues. And so everyone's talking about, or certain individuals are talking about the negative effects, but what about the positive effects, right? When you begin to strip regulation, when you begin to strip laws that have
impacted commerce, when you have foreign entities that the only way financially that makes sense for them to manage through any kind of tariff specific to them would be to invest in the United States. These are revenue streams and growth opportunities that I don't think have been fully calculated in terms of their impact.
And you can get what I'd call a Lollapalooza event where so many of them stack up that you can get growth that may even exceed what people are thinking about. As to the negative effects, look, as it relates to energy, these things, they're slower gears, you're correct. It will take some time for energy to really make those investments. And then the question is, will they make the investments?
Showing 1–20 of 34 · page 1 of 2
Next →