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February 3, 2025

Summary:
Trump backtracks on tariffs. New highs coming.

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Trump backtracks on tariffs. New highs coming.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

20 comments

  1. The world day by day understands it is only getting sand for the pigs and coconuts they deliver. These farmers are tired of being bullied, bought up and destroyed by a sand owner.

  2. @KeepCalmGameOn1411

    Mike have you heard elons twitter space on the DOGE account where he's talking about gov spending, the deficit, interest payments and wholly that the government is a business and it will collapse without these spending cuts 😂

  3. Isn't Trump bringing manufacturing back to the US to create jobs, and reduce unemployment that harms people's self-worth and causes many consequential problems?

  4. So we bid? I remember the famous "no v shape reversal" in august. Was it all bs?

  5. @DomsPokeMMO-tf4tj

    Did you see Trump announce a sovereign wealth fund?

  6. Dey printing da sand!

  7. volatile for good reason

  8. Do you do crypto consultations?

  9. Would love to get your thoughts on Trump's new sovereign wealth fund. Previously I thought that was only for successful exporting nations trying to figure out what to do with all their currency

  10. Trump did not make a deal or get concessions from Canada and Mexico. He woke up and saw the negative repercussions of his silly trade war rhetoric and caved.

  11. The tariffs may be "done", but I doubt that the repercussions of threatening trade wars with our top trading partners are done. (Alternatives to NAFTA have been put in motion, never mind the increased popularity of BRICS.)

  12. Absolutely correct that we need better upgraded infrastructure. That is the means whereby we progress and prosper as a nation. Trump and his cohorts are still in the paradigm of dollars limited by the amount of gold or other commodity we have. They also need to understand the government doesn't have to make a profit, it is not just like citizens' personal economies and must "live within it means." Yes on eliminating the employer tax on wages paid to employees. I've been paying it for 14 years. I'd love to see it go away.

  13. @RichardWagenknecht

    What are you paying attention to Mike. Trump suing news organizations under the threat of using the government to coerce to settle? Trump ignoring court orders? Kash Patel saying he'd use the FBI against Trump's opponents? You're not paying attention Mike. This wasn't an election. This is coup. And you supported it.

  14. @patrickdennis7041

    I agree with your view on US manufacture. The USA has benefitted immensely from cheap foreign labor for the last 30 years. Why should we stop it?

  15. What was last Fridays fiscal transfer what do you mean?

  16. Nothing will happen. this is stupid. It’s all a gimmick for show. Fentinale will keep coming.

  17. Trump made demands on Canada and Mexico who were already doing what he was demanding.😹
    'He's demanding we adopt universal public healthcare.'
    'Accept his demands'
    'Anything else?'
    'Legalize cannabis'
    'Okay. What do WE get out of it?'
    'In exchange he will roll out 800 military bases across the globe'

  18. Your two islands and sand analogy cracked me up big time. 😂Musk needs to hear it!

  19. 5:45 Japan tried to break away from that model in the 80s and was reigned in don't forget that.

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