As most of us know, Trump is about appearances and not about getting real things done. At his cruel and evil core, he's a Reality TV star playing the President and not actually a leader with plans.
The "Tariffs Crisis" he created is a perfect case in point for his performative, substance less presidency.
Here's how I think this will play out. Trump, having beat on his manly, gorilla chest with faux trade numbers, will 'Negotiate" with all our major trading partners to bring tariffs and deficits back to where they were two weeks ago.
This follows his NAFTA playbook.
Make a lot of noise. Look like a tough guy. Rename a major trade deal. Change nothing!
Perhaps markets will recover the majority of their losses in the next week. There will be some overhang because corporate America can't plan or invest in the face of the uncertainty Trump has created. We won't see real calm until the 3rd or 4th QT.
Tragically, Trump has achieved real damage:
1. His base and business supporters see a really "tough" guy helping the economy. (we see a weak, babyish fool)
2. The majority of American's will believe that America is being taken advantage of by all our trading partners.(false) And country to country trade deficits are bad. They're for suckers not winners like Donald.
Democrats need to sell the truth about Trump:
He's an untrustworthy steward of the American economy.
His misguided, pompous, megalomaniacal approach to Trade and the foreign relations is a serious threat to world peace and the prosperity of America.
The phrase "free trade" is propaganda. The purpose of the General Agreement on Trade and Tariffs and the World Trade Organization was/is to enable capital to leave the West and hire cheap labor in Viet Nam, Argentina, India, etc. Remember, capital can move, production can move, labor can't move (except in the Schengen Area or migrant workers who get enslaved in Dubai and the UAE). But do we find any such downward pressure on doctors and dentists? Go ahead and look, I'll wait. Free trade my derriere. To quote Bob Dylan "It's much cheaper down in the South American towns, where the miners work almost for nothing."
The gang reunites! Really hope you guys (@Galen Druke) will do more collabs in the future.
As most of us know, Trump is about appearances and not about getting real things done. At his cruel and evil core, he's a Reality TV star playing the President and not actually a leader with plans.
The "Tariffs Crisis" he created is a perfect case in point for his performative, substance less presidency.
Here's how I think this will play out. Trump, having beat on his manly, gorilla chest with faux trade numbers, will 'Negotiate" with all our major trading partners to bring tariffs and deficits back to where they were two weeks ago.
This follows his NAFTA playbook.
Make a lot of noise. Look like a tough guy. Rename a major trade deal. Change nothing!
Perhaps markets will recover the majority of their losses in the next week. There will be some overhang because corporate America can't plan or invest in the face of the uncertainty Trump has created. We won't see real calm until the 3rd or 4th QT.
Tragically, Trump has achieved real damage:
1. His base and business supporters see a really "tough" guy helping the economy. (we see a weak, babyish fool)
2. The majority of American's will believe that America is being taken advantage of by all our trading partners.(false) And country to country trade deficits are bad. They're for suckers not winners like Donald.
Democrats need to sell the truth about Trump:
He's an untrustworthy steward of the American economy.
His misguided, pompous, megalomaniacal approach to Trade and the foreign relations is a serious threat to world peace and the prosperity of America.
The phrase "free trade" is propaganda. The purpose of the General Agreement on Trade and Tariffs and the World Trade Organization was/is to enable capital to leave the West and hire cheap labor in Viet Nam, Argentina, India, etc. Remember, capital can move, production can move, labor can't move (except in the Schengen Area or migrant workers who get enslaved in Dubai and the UAE). But do we find any such downward pressure on doctors and dentists? Go ahead and look, I'll wait. Free trade my derriere. To quote Bob Dylan "It's much cheaper down in the South American towns, where the miners work almost for nothing."
Keep your day job, Elliott. Financially, Substacks are like rock n roll and art.