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Why Tariffs Could Crush Canada’s Economy — ft. Mike Moffatt

2025/2/27

Prof G Markets

AI Deep Dive AI Chapters Transcript

People

参与金融播客，分析和讨论金融市场趋势和变化。

Mike Moffatt

Scott

通过积极的储蓄和房地产投资，实现早期退休并成为财务独立运动的领袖。

Topics

Scott:我认为苹果公司宣布的5000亿美元投资计划，很大程度上是为了安抚特朗普政府，并试图避免其对中国制造产品的关税政策带来的负面影响。这笔投资可能只是对现有计划的重新包装，实际效果可能并不如表面宣传的那么显著。 Ed:我同意Scott的观点。苹果公司的这项投资计划与其既定的财务规划基本一致，并非什么全新的、大胆的举措。其主要目的在于安抚特朗普政府，因为苹果公司对中国的依赖程度很高，既需要中国作为供应商，也需要中国作为重要的消费市场。因此，这项看似巨大的投资，实际上是苹果公司在维护自身利益的策略性举动。 Ed:坎特菲尔德公司将领导权交给Lutnick的两个儿子，这反映了家族企业中常见的裙带关系现象。虽然此举引发了外界对公司治理和能力的质疑，但由于Howard Lutnick拥有公司的大部分股权，他拥有绝对的决策权。这种做法在私营企业中较为常见，但长期来看，家族继承往往会导致公司业绩下滑。 Scott:我同意Ed的观点。家族继承在许多企业中都存在，这既有情感因素（父母希望子女成功）的影响，也有权力因素（家族成员更容易控制公司）的影响。虽然这种做法可能在短期内带来一些好处，但从长远来看，它往往会损害公司的长期发展和业绩。

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The hosts discuss Apple's announcement to invest $500 billion in American innovation, analyzing its impact on the economy and its strategic motives.

Apple plans to spend $500 billion on American innovation over the next four years.
The investment includes developing a manufacturing facility in Houston.
Apple aims to create 20,000 new jobs.
The move is seen as a strategic negotiation to avoid tariffs on Chinese-manufactured Apple products.
Apple's spending is consistent with past financial expectations, not a new investment.
Apple's PE ratio is at a historical high, raising questions about its growth strategy.

Shownotes Transcript

Ed and Scott open the show by discussing Apple’s new investment in “American innovation,” Howard Lutnik’s decision to put his sons in charge of Cantor Fitzgerald, and a new Moody’s Analytics report on U.S. consumer spending. Then Mike Moffatt, Founding Director of the University of Ottawa's "Missing Middle Initiative” and former economic adviser to Liberal Leader Justin Trudeau, joins the show to unpack the biggest challenges facing Canada’s economy. He offers insight into the country’s political landscape, breaks down its housing crisis and explains why small businesses struggle to thrive in Canada. Finally, Mike explains how Canadians perceive the Trump administration’s rhetoric and what tariffs could mean for Canada’s economic future.

Why Tariffs Could Crush Canada’s Economy — ft. Mike Moffatt 01:03:09 Share

Prof G Markets

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Shownotes Transcript

Why Tariffs Could Crush Canada’s Economy — ft. Mike Moffatt