Peter Berezin
2,345 posts
Peter Berezin
@PeterBerezinBCA
- Goldman raises its 12-month recession probability from 20% to 35%.
- The first rule of the taco trade is that you don’t tell Trump about the taco trade.
- In the history of modern finance, no single indicator has done a better job of predicting when the next global recession will start than when the Bank of Japan starts raising rates. Foolproof!
- So China was the only country to retaliate against Trump’s “reciprocal” tariffs and in the end, got the same 10% rate and 90 day extension like everyone else. I am not an expert in higher dimensional chess but I don’t see how that strengthens Trump’s hand in future negotiations.
- Sorry folks, but even after today’s flip-flop, we’re still looking at the bigliest tariffs since the 1930s.
- Don’t order the taco platter quite yet. From Goldman:
- Don’t despair folks. There’s still a good chance that Trump will reverse his decision on the tariffs once Junior finishes buying short-dated calls on the QQQ.
- Trump would’ve gotten a preview of the payroll numbers at around 4 PM today.TRUMP: POWELL SHOULD RESIGN IMMEDIATELY
