Housekeeping: Good afternoon. 1
Report’s Main Ideas:
Everything is telling him ROW fiscal spending replaces US spending— which means: USD weaker, Gold higher, Int’l stocks up, Int’l bonds down, US Bonds up
We Say: ROW is onshoring payment-chains ; and that Supply/Payment Chains are 2 sides of same coin thus—world must domesticate payment chains as US onshores supply chains…
AI Baby bubble popped.
He says: Trump plan wants/needs weaker USD, but cannot have inflation spiking.
We Both Say: As long as Bond yields stay stable, Inflation (Oil) remains steady/dropping, and GOP Mids are in line.. Trump keeps going with tariffs and DOGE..
Key Moments:
3:55- Start Walkthrough
6:20- Why financials matter- Supply Chains and Buffet’s trades
9:40- Trump’s April 2nd not as important as some think
25:17- Average performance of assets last 10 years
**29:10 BIG Thesis restated and expanded
