4.6 • 965 Ratings
🗓️ 10 April 2025
⏱️ 38 minutes
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0:00.0 | You said that these tariffs would go in effect on Monday. You said no pause. Today there is a pause. So how can we have to have? Yeah, it's not a question of that. You have to have flexibility. I could say, here's a wall and I'm going to go through that wall. I'm going to go through it, no matter what, keep going and you can't go through the wall sometimes you have to be able to go |
0:21.6 | under the wall around the wall or over the wall these guys know that better than anybody right you got to go |
0:26.8 | around them sometimes you're not going to go through them so i i consider you know i think in financial |
0:32.4 | markets because they change look how much it changed today don't trump sounded like an illegal |
0:36.8 | immigrant am i right sometimes you got to go under the wall. Sometimes you've got to go over it. Sometimes |
0:41.0 | you've got to go the rope. You've got to throw it up there and ask Jose to help you up. |
0:46.9 | Look, this is going to be a very contentious debate amongst political pundits. I think what |
0:53.3 | ultimately matters most is that what I had hoped |
0:56.4 | would happen did in fact happen, that Donald Trump, after realizing that the market was going to |
1:03.3 | absolutely implode, went for a contingency plan. Now, two things can be true at once. His plan A didn't work, but he did have a plan B in mind. |
1:13.4 | As you would imagine, he and his economic team would have had unless they're insane. |
1:19.4 | So I think what really happened is that he has these a couple guys that are lunatics, |
1:26.2 | Lutnik and Peter Navarro. So Howard Lutnik and Peter Navarro are |
1:30.6 | these like maximal tariff guys that believe that yeah, do it off of trade deficits. Do it |
1:35.8 | however you do it however you want. Who cares? They're beautiful. Tariffs are the best thing in the |
1:38.9 | world. And then you have the other guys like Scott Besant, the more moderate people who |
1:43.8 | actually have real money |
1:46.3 | management and investing experience that are like, yo, this is dangerous as hell. But as I said, |
1:51.7 | two things can be true at once. Did Trump have a master plan? Yes. Was he angling for something? |
1:59.3 | Was he angling for an angle or was this pure chaos as the |
2:02.5 | Krasenstein's and others would describe it? And he doesn't know what the fuck he's doing. He's just a |
2:06.3 | lunatic. No. That's definitely not true. But it's also not true that Trump is omnipotent and |
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