Slate Money The Economy’s ‘One Guy Problem’
55 snips
Apr 12, 2025 
Barry Ritholtz, an investments expert and author of 'How Not To Invest', discusses the chaotic influence of Trump's tariff policies on market volatility. He highlights the 'One Guy Problem', revealing how individual decisions can significantly sway economic trends. Ritholtz shares strategies for navigating investment during crises, emphasizing emotional control and rational decision-making. The conversation also touches on shifting investor behaviors and the impact of global trade dynamics, making for a thought-provoking exploration of today’s unpredictable financial landscape.
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Permanent Trade Damage
- Even if Trump reverses his tariff policies, permanent damage has been done to the U.S.'s global standing.
- Trust with allies has been broken, and some trade relationships may never fully recover.
China's Soft Power Boost
- Trump's tariff policies ironically increase China's soft power.
- They make China appear as a more reliable trading partner, undermining Trump's own goals.
America's Debt-Fueled Growth
- For decades, America's greatest export has been debt, not goods.
- This has allowed the U.S. to borrow at attractive rates and outperform other rich countries.
