The Pomp Podcast #1506 Jordi Visser | Trump Throws Bitcoin & Stocks Into CHAOS
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Mar 15, 2025 
Jordi Visser, a macro investor with over 30 years on Wall Street, shares his insights on the chaotic financial landscape shaped by Trump’s policies. He discusses the volatility in the stock market and how tariffs and tax reforms can impact investor sentiment. Visser dives into the intricacies of national debt and the contrasting dynamics of gold versus Bitcoin. He analyzes the implications of recent market drops and highlights the resilience of economic conditions, while emphasizing the political strategies that influence market perceptions.
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Economic Overhaul
- The current US administration aims to address economic challenges through various mechanisms, including tariffs and tax proposals.
- These actions, like those in a struggling business, are meant to overhaul and fix the economic system.
Tariffs as Economic Policy
- Tariffs are a real and impactful aspect of the current administration's economic policy, used for negotiation and revenue generation.
- They represent a tax hike aimed at normalizing trade imbalances and addressing the distribution of wealth.
Market Correction Context
- A 10% stock market drop, like the recent one, is not unusual and has happened rapidly but doesn't necessarily signal a recession.
- The breadth of the market remains near all-time highs, so this correction isn't as concerning as some headlines may imply.