If I had to bet, US growth should be driven by AI investment, high-earner spending and net exports (a bit like China). Being a net exporter basically mean suppressing workers wages, so that tracks.
If tariffs are stopped all at once without being careful about it, I'm a bit wary of the chain reaction. We might see negative growth for a quarter (temporarily), but since the economy is vibe-based these days, that could end up really bad.
The crypto market plunged yesterday right as news came out that the OpenAI 'Stargate' project was dead in the water[1]. I think this is a continuation of that crash, and it's the realization that, while everyone was busy partying, the AI bubble hit an iceberg in the North Atlantic.
[1] https://www.tomshardware.com/tech-industry/artificial-intell...
Call me at 2,000 points and we can talk.
In case you dont know, more, and it will trigger the circuit breakers...plus you have margin calls...
Level 1 (7% drop): Triggers a 15-minute halt (if before 3:25 p.m. ET).
7% is a lot more than 1.6% and the plunge protection team would be active long before then.
When the tariffs get rolled back, companies can enjoy the increased revenue by not lowering their prices back down.
This is a great deal for them, so they'll keep donating to Trump.
