00:00 Speaker A
What’s the current state of Trump’s economic agenda?
00:04 Speaker B
Well, I mean, look, I’ve always tried to be objective about the president. Well, I like Republican economic policy because it’s more about regulation, crypto, banking, finance, CFTC, SEC than Democrats. There is no doubt about it.
00:25 Speaker B
But uh as a market participant, what does the market like? Markets love uniformity, predictability, and stability.
00:34 Speaker B
So this kind of shutdown over and over again, this knee-jerk reaction to tariffs, to me is a mistake because it just creates a lot of capital allocation disruption and if you’re the CFO or CEO of a company, it creates a lot of uncertainty.
00:53 Speaker B
And then, you know, he turned a lot of our allies off. You know, when you tell a NATO country that you’re going to invade them, possibly occupy Greenland, or that you’re flying the American flag in the Society of Truth, you’re flagging the Canadian provinces or even hinting that you won’t give up on the possibility of invading Canada. Again, that’s not what I said, which is ridiculous, that’s what he said.
01:21 Speaker B
uh yesterday he posted an AI video of himself beating up a Canadian hockey player. Now, his supporters like it. What a mockery, hahahaha.
01:31 Speaker B
But honestly, that turns a lot of people off. So, our tourism is down significantly, our international tourism, Canadians are not showing up in Florida, Florida’s ports, airports, cruise ports, etc. are down 25%.
01:47 Speaker B
Um, I don’t think it’s necessary, you know, there’s a lot of boycotts happening right now against American products because of this behavior. so,
01:58 Speaker B
So, you know, you know, unfortunately, with Donald Trump, you’ve got the whole buffet table. You know, you’re in Maralago, Brian, you can’t just get positive tax ideas or positive cryptocurrency ideas or positive banking or SEC ideas. you must eat
02:18 Speaker B
Tariffs, you have to endure an invasion of Greenland, you have to endure bellicose rhetoric about our allies. You have to live with the uncertainty related to Iran and Ukraine, uh, because of the president.
02:30 Speaker B
So we look at this as a whole and I think it’s hurting the market. We could do better if we didn’t have that kind of rhetoric, if we had sound policies, without the craziness and the whims and the uncertainty.