00:00:00
i think it's pretty clear one Trump has
00:00:02
had a 40-year view on tariffs they're
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going to go through with this and
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they're going to see it through i don't
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think you're going to see this grand
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capitulation two they are okay with the
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volatility in the equity markets and
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then three where does this move our
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practical financing cost we have $6
00:00:16
trillion we need to finance in the next
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9 months so the singular goal in my
00:00:21
opinion of the White House has been move
00:00:23
the tenure as aggressively and as
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quickly as possible and look what
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they've done as of yesterday it's
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unbelievable what's happened in the 10
00:00:30
year you are kissing 4% if it had gone
00:00:33
in the other direction guys 30 or 40
00:00:35
basis points and it touched 5% you're
00:00:38
talking about an hundreds of billions of
00:00:39
dollars of extra money that would not
00:00:42
have been found that would have had to
00:00:44
be printed right and now this is
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hundreds of billions of dollars that we
00:00:48
will save irrespective of what you think
00:00:50
you know or what you think you like
00:00:51
about tariffs we should all have a
00:00:53
moment where we exhale because the long
00:00:55
end of the curve is giving us a respit
00:00:58
in a storm
