Anthony Pompliano

Now, I saw, and I apologize, I always get his name incorrect, but Alliance's, I think it's Mohammed El-Aryan.

El-Aryan.

El-Aryan.

Yep.

He was on CNBC recently, and he talked about the fact that the consumer's been the least affected, right?

Basically, this idea that the companies would raise the prices if they thought they could, just the elasticity of demand is not there, and therefore, they're kind of eating that.

But I think that the tariffs also, when you evaluate what happened, it's like, okay, the economists were wrong.

but also they were not taking into account this whole deflationary force of AI and the productivity and like, so you have to kind of evaluate the entire thing.

I don't think you can cut out and say, okay, you know, 5.4%, according to Atlanta Fed, GDP now number for Q4, 100 basis points goes to AI, 100 basis points goes here, whatever.

And so the question becomes if the AI crowd is correct and we get this like exponential growth, Elon says GDP could be 10%.

Is that a crazy number?

So what's interesting to me is the administration pretty much came out and said they wanted to go after that trade deficit.

Right.

And when they did it, obviously all the critics came yelling and screaming.

Now, if you go back, there was a bunch of videos.

I think we even talked about it on one of the episodes where people had, you know, Hillary Clinton or Chuck Schumer or whatever, talking 20 years ago about the trade deficits being this huge problem, whatever.

So like, I don't think it's a secret to either side of the aisle that this has been a problem for a while.

I just think that didn't,

believe we could address it.

It does seem like the tariffs are being successful in addressing that.