Catherine Rampell

You know the tariffs are going to raise prices at least one time, like when they initially go into place. The question is, will they feed on themselves and will continue to have higher inflation going forward? And that's quite possible. Another possibility, which is what I think...

You know the tariffs are going to raise prices at least one time, like when they initially go into place. The question is, will they feed on themselves and will continue to have higher inflation going forward? And that's quite possible. Another possibility, which is what I think...

You know the tariffs are going to raise prices at least one time, like when they initially go into place. The question is, will they feed on themselves and will continue to have higher inflation going forward? And that's quite possible. Another possibility, which is what I think...

Larry is raising, and there's some evidence for this, is that it's not that people are just like taking the cash and holding on to it. They're like, I do not want any money in the United States. So it looks like they might be investing it in like Japanese or Swiss or German bonds instead, which is not a good sign.

Larry is raising, and there's some evidence for this, is that it's not that people are just like taking the cash and holding on to it. They're like, I do not want any money in the United States. So it looks like they might be investing it in like Japanese or Swiss or German bonds instead, which is not a good sign.

Larry is raising, and there's some evidence for this, is that it's not that people are just like taking the cash and holding on to it. They're like, I do not want any money in the United States. So it looks like they might be investing it in like Japanese or Swiss or German bonds instead, which is not a good sign.

That's great. They're good guys now. Yeah, they're good guys now. So, yeah, so it could very well be that people are like, screw that the U.S. economy is too risky. I do not trust this maniac who is in charge, who is potentially screwing up not just the U.S. economy, but the global economy. I want my money back. out. I will invest it in something else. I'm not going to hold cash.

That's great. They're good guys now. Yeah, they're good guys now. So, yeah, so it could very well be that people are like, screw that the U.S. economy is too risky. I do not trust this maniac who is in charge, who is potentially screwing up not just the U.S. economy, but the global economy. I want my money back. out. I will invest it in something else. I'm not going to hold cash.

That's great. They're good guys now. Yeah, they're good guys now. So, yeah, so it could very well be that people are like, screw that the U.S. economy is too risky. I do not trust this maniac who is in charge, who is potentially screwing up not just the U.S. economy, but the global economy. I want my money back. out. I will invest it in something else. I'm not going to hold cash.

I'm just going to invest it in something else that looks safer by comparison to U.S. Treasuries, which is a really bad sign because historically, U.S. Treasuries have been considered the safest of safe assets. That's part of the reason why we enjoy the dollar as the global reserve currency because everybody trusts that The U.S. is safe. We're going to pay off our bills and blah, blah, blah, blah.

I'm just going to invest it in something else that looks safer by comparison to U.S. Treasuries, which is a really bad sign because historically, U.S. Treasuries have been considered the safest of safe assets. That's part of the reason why we enjoy the dollar as the global reserve currency because everybody trusts that The U.S. is safe. We're going to pay off our bills and blah, blah, blah, blah.

I'm just going to invest it in something else that looks safer by comparison to U.S. Treasuries, which is a really bad sign because historically, U.S. Treasuries have been considered the safest of safe assets. That's part of the reason why we enjoy the dollar as the global reserve currency because everybody trusts that The U.S. is safe. We're going to pay off our bills and blah, blah, blah, blah.

And that's like the benchmark for everything else. We are we are how you determine what is safe and then everything else is like a little bit less safe. But how much? So that's not what we're seeing right now. So, again, we don't know exactly what's happening. Given some of the evidence we've seen, probably Larry is at least partly right.

And that's like the benchmark for everything else. We are we are how you determine what is safe and then everything else is like a little bit less safe. But how much? So that's not what we're seeing right now. So, again, we don't know exactly what's happening. Given some of the evidence we've seen, probably Larry is at least partly right.

And that's like the benchmark for everything else. We are we are how you determine what is safe and then everything else is like a little bit less safe. But how much? So that's not what we're seeing right now. So, again, we don't know exactly what's happening. Given some of the evidence we've seen, probably Larry is at least partly right.

And, you know, really not a good long term sign, even if Donald Trump, for example, finds an off ramp here from these tariffs. And I don't know that he will because I don't even know what that would look like.

And, you know, really not a good long term sign, even if Donald Trump, for example, finds an off ramp here from these tariffs. And I don't know that he will because I don't even know what that would look like.

And, you know, really not a good long term sign, even if Donald Trump, for example, finds an off ramp here from these tariffs. And I don't know that he will because I don't even know what that would look like.

Even if he does, he may have permanently damaged the reputation of the United States geopolitically and economically.

Even if he does, he may have permanently damaged the reputation of the United States geopolitically and economically.