His whipsaw comments would tank any economy and give Wall Street even more reason to fear a recession. He even toasted Tim Russert at the end, who I revere, but so strange. He looked high. Maybe too much stress. Did something happen to him in prison that we don’t know about? He is a convicted felon.
Peter Navarro gives a meandering almost inebriated view of Trump's Tariff Policy where he can't seem to keep to a single topic, lying about trade deficits as somehow being a loss to the US, saying there are no exemptions or exclusions for cell phones and consumer electronics and denying the pain that Americans will feel from higher prices and product shortages to come. He may have a PHD in economics, but it seems the PHD might stand for Pretty Heavy Drinker as he was mostly off the rails for much of the interview.
He bragged about the market having a record rise, but neglected to say that it had fallen several thousand points in the days before. You don’t brag about a dead cat bounce, but he did. He also bragged about crude prices being down, but that is only due to the futures market anticipating lower growth, world wide and a possible recession.
If this interview was supposed to quiet the markets not a single trader or economist would be able to follow anything Navarro said. He seemed high on something in his manner and inability to focus with only deflections, lies and going off on tangents.
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