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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: hclasvegas   😊 😞
Number: of 15061 
Subject: The great tariff debate,
Date: 04/12/2025 3:36 PM
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The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein and Chamath P, The best podcast on the topic. https://youtu.be/KcmMOZKnKAk
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Author: shaun1776 ✧  😊 😞
Number: of 15061 
Subject: Re: The great tariff debate,
Date: 04/13/2025 10:48 AM
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Early In this video Larry Summer's estimates the “adverse impact” to the US economy of Trump’s recent actions at a present value of $30 trillion.

Whether that number is anywhere near the truth, it supports the idea that a large negative impact to the economy is happening. As Jim said, this will lower profits, stock valuations, and prices.

It’s alarming that we’ve gone from a new industrial policy to bolster the economy to massive destruction with little cause to think it is creative destruction. Who is going to invest in this chaos?

Shaun
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