The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Torsten Slok earns The Navigator by charting macro terrain where conventional models fail. When textbook recession logic did not hold, his Godot metaphor became the emblem of a mind willing to recalibrate publicly and explain precisely why.
“Obviously, broadly speaking, with policies that America first and make America great again, will probably, from a cyclical perspective, also be giving a boost to CAPEX spending domestically.”
“No one really knows exactly how much we will get, but we do know that a very important aspect of this is that we also don't know how the retaliation will be exactly as you're highlighting from other countries.”
“In particular because the starting point is a very strong economy. The consequence is that I will begin to worry again about not only overheating and inflation but maybe also overheating in the labor market if you remove workers and suddenly there are fewer workers left to compete for their available jobs.”
“And this is really, really important. I mean, as we spoke about earlier, I started my lovely career at the IMF and the OECD and at the IMF and the OECD, your job is actually quite simple. If the US is good, Europe is good. If the US is bad, Europe is bad. But this is not the case today.”
Masters in Business: “The US Economy and Trump Administration Policy with Apollo's Torsten Slok”
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