In this episode, Stephen Miran joins the show to discuss Trump’s potential economic policies, the current economic imbalances in global trade, and the economics of tariffs. We also delve into how currency moves can offset tariffs, a potential Mar-a-Lago Accord to weaken the dollar, and much more. Enjoy!
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Stephan’s New Paper: https://www.hudsonbaycapital.com/our_research
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Timestamps:
(00:00) Introduction
(01:27) Stephen's Background
(02:34) Context Behind The Paper
(04:51) Economic Imbalances In Global Trade
(09:15) Consequences Of Having The Reserve Currency
(11:26) Consequences Of US Share Of Global GDP Declining
(14:21) Financial Extraterritoriality & Tariffs
(17:28) Economics Of Tariffs
(25:37) Currency Offsetting
(32:25) Ads
(33:58) Trump's Economic Policies
(45:46) Varied Application Of Tariffs
(49:18) Dollar Devaluation
(55:35) The Role Of The Fed & Treasury
(01:01:46) The Big Picture
(01:03:43) Trump's Impact On Markets
(01:06:43) Closing Remarks
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
