He and Mirran are legit. It'll be incredibly hard to undo what China has created, so nothing is guaranteed or set in stone. Navarro and Ron Vara....duck n cover
I dont know anything about Navarro. Maybe that is my hw assignment. I dont understand how Lutnick got in. What does he really bring to the table? NYC is stale.
lol 100% tariff on China...literally an act of war not to mention on the largest company in the world, apple Gonna stock up on apple in the coming months, this **** will get reversed by the next president anyways. He'll backtrack or congress will take action. No way this holds up, it would be the end of us
They found Chinese soldiers fighting for Russia in Ukraine. These are sanctions disguised as tariffs. Stock up on defense stocks.
Good video from Miran and he explains the framework of his ideas well. His answers were polite, but I get the feeling the way this thing was rolled out was not close to how he would have done it. I still have no idea if this is a good or bad idea but at least it makes a lot more sense.
I don't have a problem with China like the hawks in DC do, but I think their trajectory was clearly down over the next decade due to demographic issues and high leverage. This high speed decoupling from China speeds that up dramatically. I wish Miran was doing the talking for Trump because he makes things seem much more logical and rational. Trump rants about being screwed blah blah blah and can't articulate the intricate ideas of Miran and Bessent. I think they have very fair points. Anyhow, the 10 year and 30 year are getting smoked overnight. This feels like some kind of liquidity event with a hedge fund versus China dumping treasuries. Even the Aussie 10 year yield is up nearly a quarter point. He had some good commentary on China treasury holdings
We have been playing musical chairs since 2017, but especially 2020, and the music finally stopped. Hedge funds are going to be flipping every couch cushion to maintain liquidity.
Let us try to destroy the US reserve currency status. The one competitive advantage we had. I am not sure how that makes sense. Housing costs will go up with tariffs treasuries are getting wrecked. So even less people will be able to buy houses?
I think you have to be a pretty gullible person to believe the US can hold onto the US reserve currency status forever.
The speed is alarming but the 10 year and 30 year rate have spiked a few times in the past few years.
You have to be the worlds biggest dumbass to think Trumps universal tariffs on textiles imports from Bangladesh are a good idea but here we are....? Its never done this before in history bcz of something the executive had done. We're literally witnessing the most incompetent WH in history. Its just funny how the worlds biggest morons claimed they would be good for the economy. I cant wait for history to write about this time period
Not sure if you caught it from the video but he said maintaining the reserve currency status was a priority. That comment surprised me because I thought they were trying to end it. The example of Brazil and China who have non convertible currencies being able to trade with one another because they can use dollars. This in turn helps to inflate the dollar artificially because they have to buy up dollars to be able to trade with one another and the U.S. gets nothing out of it. Now I have not investigated the magnitude of this phenomenon on the U.S. dollar, inflation and other things but his base idea at least made sense.
I’m not sure why this market has any legs to rally, but the market is the market. I think there is a lot of hopium that the tariffs will be reversed for all the other trading partners besides China, but every day it’s a different story from the White House.
I can’t help but think that the market is mostly algorithm driven Robo traders rather than human traders, making conscious decisions to buy or sell.
