UBS On-Air: Paul Donovan Daily Audio 'Randomness and the real world'
UBS On-Air: Market Moves · Podcast owner
July 14, 20253m 2s
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Show Notes
Financial markets seem content to assume US President Trump will default to retreating from their latest trade tax threats. If financial investors want to change their position, they can do so at the touch of a button. In the real world, decisions around factory construction or hiring cannot be reversed so quickly, and the random nature of policy therefore raises real world risks that may have consequences.