The Trouble With the Trump TACO Narrative

Plus, Carney’s “middle powers” have a tech problem.

Mark Carney, Canada's prime minister, during the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2026. 

Photographer: Krisztian Bocsi
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Welcome back to The Forecast from Bloomberg Weekend, where we help you think about the future — from next week to next decade.

We start this weekend with the limits of TACO. Then we’re looking at the prospects for Mark Carney’s “middle powers,” Europe’s “age of humiliation” and the healing power of llamas — really. Plus, prediction markets on the Fed chair race and this weekend’s snowstorm in the eastern US.