Aurelius
@Aureliusltd28
everyone's jealous of what you've got. no one's jealous of how you got it.
690 Following 10.5K Followers
Tariffs are dumb. We’re not going back to making toasters in Toledo.
But if they crush yields and we refi $30T of debt just 100bps cheaper, that’s $300B+ a year in savings.
Corporates have largely extended their debt maturity profile and maybe it’s time for Bessent to do the same.
Stocks? They can be juiced anytime with a surprise cut or QE. So maybe it’s not totally dumb.
How am I wrong?
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