About this episode

Tara Palmeri and Robert Wolf discuss the economic and political turmoil in the U.S., focusing on the implications of modern conflicts and the state of the Democratic Party.

Tara Palmeri sits down with Robert Wolf, former chairman and CEO of UBS and informal economic advisor to President Obama during the 2008 financial crisis, to break down the economic and political chaos gripping the country. They open with Trump's Operation Project Freedom — the failed attempt to guide ships through the mined Strait of Hormuz that Iran immediately threatened to shoot down — and Robert explains why the real story is the 900 million barrels of lost oil supply, the worst energy shock since Carter in the 1970s. Diesel is at an all-time high, gas is heading past $5, Africa is months from famine over fertilizer shortages, and Trump's disapproval just hit 62% — the highest of both terms combined. Robert unpacks the K-shaped economy, why savings rates are at a three-year low, the AI economy that's propping up GDP through CapEx while threatening middle-tier jobs, why he publicly backed Kevin Warsh for Fed chair on Fox, and his fear that stagflation is next. Then they turn to politics: the DNC autopsy report that donors paid for but nobody's seen, why Robert hasn't given a cent to Democrats in 2025 for the first time in 20 years, how Senate flip chances jumped from 10–15%…

People in this episode

Host: Tara Palmeri

Guest: Robert Wolf

Topics covered

• economic chaos
• political analysis
• energy crisis
• K-shaped economy
• stagflation
• Democratic Party strategy

Mentioned in this episode

Organizations: UBS

Places: Iran, Africa, California

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