4 • 1K Ratings
🗓️ 11 April 2025
⏱️ 11 minutes
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0:00.0 | From tariffs that sent the markets reeling to legal immigrants having their status revoked, it's been quite a week. |
0:07.0 | We're going to turn now to the analysis of Brooks and Capehart. That is New York Times columnist David Brooks and Jonathan Capehart, Associate Editor for the Washington Post. |
0:15.0 | Great to see you both. |
0:17.0 | So, roller coaster week for the markets, as you've both seen driven almost entirely by this on-again, off-again tariffs policy. |
0:24.1 | Jonathan, the White House says this was all the art of the deal, that the countries are now lining up to negotiate separate country-by-country trade deals. |
0:33.1 | Do you see a strategy here, or do you see a president who saw markets plunging on his policies and blinked? |
0:40.1 | No, and yes. No, there's no strategy here. None at all. And yes, he saw the markets tanking and blinked. |
0:47.7 | But blinked, I think, primarily because of the bond markets. And you had a segment earlier where you talked all about this |
0:55.1 | but I think it's people need to understand and appreciate that while Donald |
0:59.6 | Trump has been able to defy political gravity this week he learned that he |
1:03.9 | cannot defy economic gravity and when the bond markets when folks who |
1:09.1 | usually go to the bond market, when the stock market is |
1:11.7 | going bananas and they decide to sell off their bonds, that has enormous implications for |
1:17.6 | the American economy, for bonds being the safe haven for the world, that's not the case anymore. |
1:26.2 | And the idea that he single-handedly is going to wrangle the world |
1:32.1 | to his view on tariffs is, I don't know how to describe it, |
1:37.4 | other than insane. |
1:38.9 | David, what do you make of that? |
1:40.0 | Yeah, I remember, wasn't it James Carville in the Clinton years? |
1:41.9 | You said when he died, he wanted to be reincarnated as the bond markets because they have all the power. |
1:45.9 | So there's some truth to that. |
1:48.4 | You know, I think there's been a shift. |
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