Aurelius(@Aureliusltd28 ):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?

Aurelius

@Aureliusltd28

everyone's jealous of what you've got. no one's jealous of how you got it.

Joined December 2022

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Aurelius@Aureliusltd28

2025.04.03 12:16

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?