The Alpha Strategy Consulting founder on the "mirage" of the past 20 years, why "tariffs don't create inflation," and the "biggest risk" for global debt
Another great episode and fantastic perspective. Nice to hear humans being positive and providing solutions instead of pointing out the negative with no solution.
Thought provoking view of The Elephant, from Spain. Daniel is a smart man who likes the world and has credible ideas about how economies interact. And Maggie, you get the best from your guests - thanks!
Anybody claiming that tariffs do not cause inflation instantly loses all credibility. Look at copper right now. Look at Walmart and countless other retailers who have stated that they will have to raise prices to offset tariffs.
The only explanation would be that he's referring to inflation strictly as a monetary phenomenon (increased money printing). In the real world, we are all talking about inflation as an increase in the price of goods, & none of us care about the definition in your economics textbook.
And as for the optimistic outlook for the US economy... is he a disciple of Art Laffer. We all see where supply side (trickle down) economics has gotten us. But sure... more deregulation and tax cuts which 80% of the benefits go to the top 10 or 20% is just what we need to remedy the record wealth inequality and death of the middle class. I'm all about hearing different perspectives, but no way I can take this guy seriously after those two assertions.
The price of copper as a raw material is not the cost that’s consequential. If you raise the price of copper 50% and consider the copper used in any given product the cost of the product may be $10-10k and the copper cost is $.30-1.00
Sorry but this guys points are valid and make total sense. The media narrative, which is what you’re talking about is a different animal.
Fair point. I probably shouldn't have commented without hearing the guy's logic. But in our current onslaught of constant breaking news, we all have to pick and choose what we consume, and I personally think it's silly to say these historically high tariffs won't cause inflation. As for copper, sure the eventual products won't increase at the same rate as copper, but the prices will still go up. All of these tariffs will take time to show up in the data, and we'll see what happens.
Bigger picture... I'll skip over the fact that the authority to impose tariffs rests with Congress (except for a few legitimate situations). The formula used to come up with these reciprocal tariff rates is bunk... the average tariff rate other countries imposed on us was ~2%. Trump himself brags about raising money through tariffs, which we U.S. consumers ultimately pay for. I'm not looking at this from a political perspective... I'm looking at it from a consumer perspective and I prefer lower prices and more options, both of which go away if these tariff rates are carried out. I have no issues with tariffs if they are used startegically to promote or protect domestic production, but that is not what we're seeing here.
All of that said, your comment made a good point and I appreciate you not trolling me like others in this comment section. Which btw, the tactic of calling somebody a NPC or zombie or choose your MAGA attack is so tired and lazy. Not that I need to prove sh**, but both parties and the mainstream media suck right now because they are beholden to corporations and wealthy donors. If any of us wanna consider ourselves enlightened, it starts by understanding that we are currently engaged in class warfare and we're losing because so many of us are stuck on left vs right instead of the rich vs the rest of us.
I own a company in SF area, California with retail and I assure you we always are charging the most we can. I also own apartment buildings. We know exactly how much people will pay and successful companies are always charging the absolute most they can. I don’t think you’ll see any increases that aren’t in-line with normal annual inflation. We already squeeze the entirety of the juice from the orange.
Also, the tariffs are for one purpose and that’s to cover the $3T over ten year cost of the continuation of tax rates. The tariffs are expected to bring in $4T over the next 10 years.
They are completely misrepresented in the media to mask what’s occurring which you are right, class war.
I don’t think Trump is doing anything different then Biden. Biden kept almost every Trump policy in tact. The hysteria of the media is ridiculous and it along with the educational institutions in this country are why everyone is so bewildered.
I don’t think the Supreme Court is going to disagree with Trump on much of anything economically related. It all makes sense what he’s doing.
The power of tariffs in wartime are up to the president alone. There’s a whole argument regarding why since wBush nobody has closed the AUM but they haven’t. Biden had his own tariffs as well on green pipe dream projects.
I think we all need to be prepared for higher prices going forward as they’ve done my whole life.
I don’t vote and never will. I refuse to allow the imbecilic ideologies of political parties in this country to influence my decisions. I feel the same with religion and I think partisanship is now effectively religious control of the bewildered herd.
Edit: nevermind. After looking through your posts it's apparent that you're an ideological zombie and are no longer capable of rational or objective thought. It's appears that you'd rather the 🇺🇸 lose bc you hate the president. I just have one question for you. Have you always been this easy to manipulate or is it something that happened after social media broke your brain?
This was the most refreshing and intelligent perspective on the international economic order that is rapidly developing that I have heard.
Thank you Maggie for bringing Daniel's interpretation to our attention.
When he came up on my feed, I knew he would be very interesting, especially with Maggie.
Maggie, your show is really informative and much appreciated.
👍
Hey I know you.
I like this guy
Another great episode and fantastic perspective. Nice to hear humans being positive and providing solutions instead of pointing out the negative with no solution.
Fantastic. So informative and encouraging - thank you Maggie!
Thought provoking view of The Elephant, from Spain. Daniel is a smart man who likes the world and has credible ideas about how economies interact. And Maggie, you get the best from your guests - thanks!
Excellent, original global thinking. So many big picture strategic thoughts so clearly articulated. Another great episode by Maggie.
Perhaps have Michael Every on for an update?
"Too good" Maggie, thank you.
Anybody claiming that tariffs do not cause inflation instantly loses all credibility. Look at copper right now. Look at Walmart and countless other retailers who have stated that they will have to raise prices to offset tariffs.
The only explanation would be that he's referring to inflation strictly as a monetary phenomenon (increased money printing). In the real world, we are all talking about inflation as an increase in the price of goods, & none of us care about the definition in your economics textbook.
And as for the optimistic outlook for the US economy... is he a disciple of Art Laffer. We all see where supply side (trickle down) economics has gotten us. But sure... more deregulation and tax cuts which 80% of the benefits go to the top 10 or 20% is just what we need to remedy the record wealth inequality and death of the middle class. I'm all about hearing different perspectives, but no way I can take this guy seriously after those two assertions.
The price of copper as a raw material is not the cost that’s consequential. If you raise the price of copper 50% and consider the copper used in any given product the cost of the product may be $10-10k and the copper cost is $.30-1.00
Sorry but this guys points are valid and make total sense. The media narrative, which is what you’re talking about is a different animal.
Fair point. I probably shouldn't have commented without hearing the guy's logic. But in our current onslaught of constant breaking news, we all have to pick and choose what we consume, and I personally think it's silly to say these historically high tariffs won't cause inflation. As for copper, sure the eventual products won't increase at the same rate as copper, but the prices will still go up. All of these tariffs will take time to show up in the data, and we'll see what happens.
Bigger picture... I'll skip over the fact that the authority to impose tariffs rests with Congress (except for a few legitimate situations). The formula used to come up with these reciprocal tariff rates is bunk... the average tariff rate other countries imposed on us was ~2%. Trump himself brags about raising money through tariffs, which we U.S. consumers ultimately pay for. I'm not looking at this from a political perspective... I'm looking at it from a consumer perspective and I prefer lower prices and more options, both of which go away if these tariff rates are carried out. I have no issues with tariffs if they are used startegically to promote or protect domestic production, but that is not what we're seeing here.
All of that said, your comment made a good point and I appreciate you not trolling me like others in this comment section. Which btw, the tactic of calling somebody a NPC or zombie or choose your MAGA attack is so tired and lazy. Not that I need to prove sh**, but both parties and the mainstream media suck right now because they are beholden to corporations and wealthy donors. If any of us wanna consider ourselves enlightened, it starts by understanding that we are currently engaged in class warfare and we're losing because so many of us are stuck on left vs right instead of the rich vs the rest of us.
I own a company in SF area, California with retail and I assure you we always are charging the most we can. I also own apartment buildings. We know exactly how much people will pay and successful companies are always charging the absolute most they can. I don’t think you’ll see any increases that aren’t in-line with normal annual inflation. We already squeeze the entirety of the juice from the orange.
Also, the tariffs are for one purpose and that’s to cover the $3T over ten year cost of the continuation of tax rates. The tariffs are expected to bring in $4T over the next 10 years.
They are completely misrepresented in the media to mask what’s occurring which you are right, class war.
I don’t think Trump is doing anything different then Biden. Biden kept almost every Trump policy in tact. The hysteria of the media is ridiculous and it along with the educational institutions in this country are why everyone is so bewildered.
I don’t think the Supreme Court is going to disagree with Trump on much of anything economically related. It all makes sense what he’s doing.
The power of tariffs in wartime are up to the president alone. There’s a whole argument regarding why since wBush nobody has closed the AUM but they haven’t. Biden had his own tariffs as well on green pipe dream projects.
I think we all need to be prepared for higher prices going forward as they’ve done my whole life.
I don’t vote and never will. I refuse to allow the imbecilic ideologies of political parties in this country to influence my decisions. I feel the same with religion and I think partisanship is now effectively religious control of the bewildered herd.
you need to stop listening to economists on MSNBC.
Look at his posts on his page. Dude is lost in the sauce.
Edit: nevermind. After looking through your posts it's apparent that you're an ideological zombie and are no longer capable of rational or objective thought. It's appears that you'd rather the 🇺🇸 lose bc you hate the president. I just have one question for you. Have you always been this easy to manipulate or is it something that happened after social media broke your brain?