{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 118 \u2013 Adapting to Uncertainty: Tariffs, taxes, and tech\u2019s changing map","description":"In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, shares what she is telling clients about the current level of uncertainty particularly in relation to tariffs, taxes and changes in technology. (1:17) What are you saying to clients about this level of uncertainty? (3:56) So given that, are you less worried that the trade war and Trumps tariff policies will be the thing that kills this market? (6:40) So uncertainty is just something we need to accept? (7:39) There\u2019s this worry you sometimes hear that governments will \u201cgo broke in an AI world\u201d because traditional tax bases will erode. Is that real do you think? (9:03) And we\u2019re already seeing signs of that, right? (10:28) I would imagine Jeff Bezos didn\u2019t help the cause of his billionaire friends by have such a lavish, opulent wedding. And the US just passed its own big fiscal bill. (11:03) So neither the US or UK are tackling the long-term revenue challenge head-on. (12:23) But in the meantime, government debt levels continue to grow. I am reminded of the old adage, how do you go bankrupt, first slowly then quickly. (14:13) Global equities have done well. Bonds have been relatively well behaved. What\u2019s behind this resiliency? (15:19) Earlier this year, everything felt like it was about Big Tech and AI megacaps. Has that changed at all? (16:15) So that means investors might start looking outside the US for tech exposure     ","author_name":"'Perspectives' by Escala","author_url":"https:\/\/escalapartners.com.au\/","html":"