After a long hiatus, Roger Bryan and Richard Lorenzen return to Raising Millionaires to tackle one of the most chaotic and controversial topics dominating today's economic conversation: tariffs. In this wide-ranging episode, the duo explores how recent tariff policies, especially those tied to Trump’s increasingly erratic foreign policy moves, are impacting everything from e-commerce businesses to long-term investment strategies.
Roger shares the real-world struggles of sourcing products amidst skyrocketing costs, while Richard offers a macroeconomic lens on how sentiment, inflation, and interest rates are being shaped by political posturing and headline-driven volatility. The conversation shifts between practical and philosophical, asking whether a value-added tax or sovereign wealth fund could ever help reduce the national debt—and if there’s any coherent long-term strategy behind current policies at all.
They break down how tariffs are affecting equities, crypto markets, real estate, and personal finance modeling, debating whether we're heading toward a recession, a restructuring of the global economy, or just more short-term chaos. With a candid mix of skepticism, humor, and hard-earned insight, this episode sets the tone for a new season of tough questions and timely financial conversations.