Excellent interview of the founder of Citadel Securities.
Thanks for posting Tom!
Clearly, the tariffs have been a TAX on Americans.
But as Ken Griffin also points out, they have led to:
1.) Higher inflation
2.) Disrupting our relations with Allies
3.) Corporate cronyism
Given our nation's largely no-tariff history, no one believes that these tariffs will be permanent.
That's why no one will be committed towards spending hundreds of millions of dollars to invest in America.
And certainly not for a copper mine that takes nearly 30 years to come online.
That 50% tariff on Copper is probably the dumbest thing that I've ever witnessed in my lifetime.
Thanks for posting Tom!
Clearly, the tariffs have been a TAX on Americans.
But as Ken Griffin also points out, they have led to:
1.) Higher inflation
2.) Disrupting our relations with Allies
3.) Corporate cronyism
Given our nation's largely no-tariff history, no one believes that these tariffs will be permanent.
That's why no one will be committed towards spending hundreds of millions of dollars to invest in America.
And certainly not for a copper mine that takes nearly 30 years to come online.
That 50% tariff on Copper is probably the dumbest thing that I've ever witnessed in my lifetime.
"Cults don't end well. They really don't."
