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James E. Thorne
@DrJStrategy
Chief Market Strategist @WellingtonAltus. PhD Econ. Astute, observations and conclusions. Personal views. Not investment advice. Please do your own research.
Joined November 2019
16 Following    129.8K Followers
Truth ๐Ÿ‘‡
David Sacks: Trump Can Save His Second Term by Ending the Iran War Sacks: โ€œYour question was, โ€˜Can Trump fix this?โ€™ I think absolutely.โ€ Jason: โ€œWhat's your top three things he can do to fix it?โ€ Sacks: โ€œJust get out of the war. That's my number one, my number two, and my number three. Because what will happen, the price of Brent crude will drop precipitously. On the day of the election, the price of Brent crude dropped 10%. Is that because something changed in the Strait of Hormuz? No. It's because the market started to price in the mere possibility that the war would end sooner, and we got a 10% cut in the price of Brent crude. It will go from $110 to $70 (per barrel) if this war ends. Gas prices will drop. Diesel will drop. The price of food will drop. And then the underlying strong economic growth, the GDP growth, and the employment picture, which are still robust, will come into focus. And I think that Trump's popularity will rebound and be back in the 40s. That's the thing we need to do. And if we don't do that, if the war continues, the Republicans will continue to bleed popularity.โ€
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