Dr. Monali Desai's avatar
Dr. Monali Desai
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Cardiologist
Dr. Monali Desai's avatar
drmonalidesai 9 months ago
US consumers are slowing spending and increasing savings 🇺🇸 Inflation is slowing for now likely because businesses are still selling inventory they bought before President Donald Trump embarked on his aggressive trade policy campaign. The inflationary effects of tariffs will likely be seem later this summer as tariffs were temporarily reinstated by a federal appeals court on Thursday. In April consumer spending softened due to cutbacks on purchases of motor vehicles and parts, clothing and footwear as well as recreational goods and vehicles. https://www.reuters.com/business/us-consumer-spending-slows-april-inflation-rises-moderately-2025-05-30/ image
Dr. Monali Desai's avatar
drmonalidesai 9 months ago
China is becoming the world leader in AI because of government support and its focus on AI. The US would benefit from similar government investment in STEM education and the training of Americans to work in AI. Not investing in AI education and training, will lead the US to becoming more dependent on China in the future. China’s AI industry and related sectors could grow into a market valued at $1.4 trillion by 2030. “China has been methodically executing a long-term strategy to establish its domestic AI capabilities,” says Shawn Kim, Morgan Stanley’s Head of Technology Research in Asia. “The nation’s robust academic foundations, innovative methodologies, data, talent and increasing foreign investment are propelling it toward becoming a leading AI powerhouse.” https://www.morganstanley.com/insights/articles/china-ai-becoming-global-leader image
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drmonalidesai 9 months ago
A US federal court’s ruled late Wednesday against President Donald Trump’s authority to levy some of his most sweeping tariffs 🇺🇸 We can expect this will delay the US from entering a stagflation period this summer to later in the year as the Trump administration is adamant they will find a way to enact tariffs by different means. In addition the Trump Administration is pushing for the spending bill currently in the Senate to pass. We can then expect the federal debt and inflation to increase substantially from the spending bill as well as higher prices from the additional tariffs the Trump Administration is planning to enact later this year. https://www.cnn.com/2025/05/29/business/tariffs-trump-economic-plan-hnk image
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drmonalidesai 9 months ago
Helper robots are already being deployed across the US in hospitals for positions that are short staffed. Robots take on some of the ‘busy work’ at US hospitals. At 30 hospitals across the US, Moxi Robots automate so-called “hunting and gathering” tasks like trips to supply closets that pull nurses away from patient care. Using Moxi’s lockable storage compartment, a pharmacist in one hospital ward can securely deliver medication to a nurse caring for patients in another. “We are just automating handoffs between two humans,” says Andrea Thomaz, Diligent’s chief executive. “Nursing officers want teams to be comfortable offloading tasks so they can focus on their clinical workflow.” The US could have as many as 100,000 critical healthcare worker vacancies by 2028, according to a report by consultancy Mercer. While it projects a “modest surplus” of physicians, the need will be highest for medical assistants who take vital signs, change bed linen and bathe patients for comparatively low pay. image
Dr. Monali Desai's avatar
drmonalidesai 9 months ago
How long will stagflation last once it starts? As the bond market appears to be pricing in higher inflation and weaker growth because of the Trump Administration’s tariffs and an expected substantial increase in the federal debt from the spending bill currently in the Senate, economists try to predict if stagflation will start late summer or fall. It's widely considered to be even harder for monetary policymakers to tackle stagflation than a typical recession, as central bank officials can't lower interest rates to boost growth out of fear of causing more inflation. 🇺🇸 image