James Thomson
speaker
2,279 appearances
7 recordings
2 series
first heard Apr 2026
last heard 12 Jun
James Thomson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in May 2026 with 4.
Appearances
The US jobs data came in very hot, surprisingly hot, which had everybody rushing to redo their calculations for US interest rates.
It was the old good news is bad news gag.
Exactly, exactly.
And now, would you believe we've gone from expecting no...
No cuts.
Sorry, we've gone from expecting a couple of cuts at the start of the year.
We're now pricing in a hike for US interest rates before the end of the year, 0.25% because the economy is just running so hot.
Yeah, yeah.
And I mean, what's really interesting, Alan, is that he might not want to hike himself, but he might be outvoted.
He might really have no choice because you've got this, you know, look, there's no doubt that Donald Trump's running the economy hot.
You've got the combination of
Tax cuts, deregulation, and still pretty steady fiscal spending.
And then this is being juiced by big, massive household equity wealth, which according to Bank of America, I think has gone up about $16 trillion in the last 18 months.
No wonder people in America are feeling rich and continuing to spend.
And then, of course, you've got the energy shock with gasoline prices over there up around $4.50 a gallon.
That hasn't slowed the economy yet, but it's going to at some stage or it's certainly going to put upwards pressure on oil.
And, you know, the other thing is all this borrowing, all this spending on AI, how does that go in a high interest rate environment?
And we did see on Friday night, as you say, tech stocks and AI chip stocks specifically sold off.
And what's interesting, Alan, is the biggest falls haven't been on Wall Street, but in Korea.
where a couple of chip makers have done very well, Samsung and a company called SK Hynix.
Showing 521–540 of 2,279 · page 27 of 114
← Previous
Next →