Demand Shock

Tariffs promise protection but unleash deeper shocks - reshaping demand, distorting prices, and testing the resilience of an already-strained economic system. Rob Larity and Jacob unpack the widening gap between political narratives and material reality, probing how erratic policy, volatile markets, and institutional guardrails collide. They ask whether the U.S. is entering a new era of economic fragility, what signals truly matter beneath the noise, and how global outliers like Chile reveal the stakes of navigating a fractured, multipolar world. -- Timestamps: (00:00) - Introduction (01:46) - Discussion on San Francisco Fed Paper (05:14) - Historical Context of Tariffs (14:11) - Mechanics and Impact of Tariffs (18:26) - Political and Economic Realities (26:22) - Market Reactions and Volatility (30:03) - Election Aftermath and Voter Priorities (30:59) - Moderation and Economic Focus in Politics (31:58) - Scott Bessent and the Trump Administration (36:43) - US Institutions and Economic Policies (40:37) - Chile's Political Landscape and Economic Potential (48:29) - Global Energy Dynamics and Future Outlook (01:01:08) - Conclusion and Final Thoughts -- Referenced in the Show: -- Jacob Shapiro Site: jacobshapiro.com Jacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416 Jacob Twitter: x.com/JacobShap Jacob Shapiro Substack: jashap.substack.com/subscribe -- The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com -- Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today’s volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world. --