Tracy Alloway

Thanks for listening.

Or how China is building so much nuclear power?

Or how China is building so much nuclear power?

I'm Tracy Alloway.

I'm Tracy Alloway.

And we are the hosts of Bloomberg's Oddlots podcast.

And we are the hosts of Bloomberg's Oddlots podcast.

I'm good, thanks. There's a lot going on, huh?

I'm good, thanks. There's a lot going on, huh?

I'm good, thanks. There's a lot going on, huh?

No.

No.

No.

That's right. And you've made this tricky by recording at exactly when the market actually opens. But I think at this point, we all know the direction is going to be down, right? The announcement in the Rose Garden Liberation Day was a lot worse than a lot of the professional economists and analysts were expecting. And this morning...

That's right. And you've made this tricky by recording at exactly when the market actually opens. But I think at this point, we all know the direction is going to be down, right? The announcement in the Rose Garden Liberation Day was a lot worse than a lot of the professional economists and analysts were expecting. And this morning...

That's right. And you've made this tricky by recording at exactly when the market actually opens. But I think at this point, we all know the direction is going to be down, right? The announcement in the Rose Garden Liberation Day was a lot worse than a lot of the professional economists and analysts were expecting. And this morning...

If you look at my inbox, it's just a flurry of notes with the words recession and stagflation in them. Everyone is rushing to revise their forecast for the rest of the year. Most of the notes that I've seen are forecasting a dip in GDP, so that would be a recession. And a lot of them are ratcheting up. Inflation outlooks as well going to as high as 4% or 5%.

If you look at my inbox, it's just a flurry of notes with the words recession and stagflation in them. Everyone is rushing to revise their forecast for the rest of the year. Most of the notes that I've seen are forecasting a dip in GDP, so that would be a recession. And a lot of them are ratcheting up. Inflation outlooks as well going to as high as 4% or 5%.

If you look at my inbox, it's just a flurry of notes with the words recession and stagflation in them. Everyone is rushing to revise their forecast for the rest of the year. Most of the notes that I've seen are forecasting a dip in GDP, so that would be a recession. And a lot of them are ratcheting up. Inflation outlooks as well going to as high as 4% or 5%.

That's a pretty big deal given that we've just been seeing inflation actually come down.