Derek Thompson

So if you wanted to build nuclear power in this country, the first thing you'd want to do is to supersize the LPO, make sure it was working at absolutely top-notch efficiency. What does Doge, the Trump administration, do? They dismissed 60% of the LPO team. So it's again, the same way that you've Donald Trump saying, we have to reassure advanced American manufacturing.

And also by the way, we're taxing baby dolls. You have an administration that's saying we want to build nuclear power. And also we're going to destroy the most important institution for financing nuclear power again. And again, the outcomes are just completely disconnected from the process.

And also by the way, we're taxing baby dolls. You have an administration that's saying we want to build nuclear power. And also we're going to destroy the most important institution for financing nuclear power again. And again, the outcomes are just completely disconnected from the process.

And also by the way, we're taxing baby dolls. You have an administration that's saying we want to build nuclear power. And also we're going to destroy the most important institution for financing nuclear power again. And again, the outcomes are just completely disconnected from the process.

Yeah, I think the first thing to say is, look, things are changing constantly. And so if you have one theory about the economy and you're just grasping it with white knuckles, you're probably not paying attention to what's happening.

Yeah, I think the first thing to say is, look, things are changing constantly. And so if you have one theory about the economy and you're just grasping it with white knuckles, you're probably not paying attention to what's happening.

Yeah, I think the first thing to say is, look, things are changing constantly. And so if you have one theory about the economy and you're just grasping it with white knuckles, you're probably not paying attention to what's happening.

You'll be right eventually. If you grasp for 15 years, maybe the economy will pass through your thesis. So if you look at a couple of things happening, yeah, they don't entirely make a clean amount of sense, right? As you said, the stock market, which I consider a pretty high quality gauge of real-time information, is right back to where it was on April 2nd, right?

You'll be right eventually. If you grasp for 15 years, maybe the economy will pass through your thesis. So if you look at a couple of things happening, yeah, they don't entirely make a clean amount of sense, right? As you said, the stock market, which I consider a pretty high quality gauge of real-time information, is right back to where it was on April 2nd, right?

You'll be right eventually. If you grasp for 15 years, maybe the economy will pass through your thesis. So if you look at a couple of things happening, yeah, they don't entirely make a clean amount of sense, right? As you said, the stock market, which I consider a pretty high quality gauge of real-time information, is right back to where it was on April 2nd, right?

Right back to where it was on Liberation Day, which seems to suggest, just from that indicator, that the market is somewhat shrugging off the effect of tariffs. Now, the market knows a lot, so to speak.

Right back to where it was on Liberation Day, which seems to suggest, just from that indicator, that the market is somewhat shrugging off the effect of tariffs. Now, the market knows a lot, so to speak.

Right back to where it was on Liberation Day, which seems to suggest, just from that indicator, that the market is somewhat shrugging off the effect of tariffs. Now, the market knows a lot, so to speak.

I mean, I realize we brought back a lot of the other tariffs, but anyway, continue. And the average tariff rate is extremely high on this country. So on the one hand, I think you've got the market saying, I think we can weather this. Now, here's the next shoe to drop.

I mean, I realize we brought back a lot of the other tariffs, but anyway, continue. And the average tariff rate is extremely high on this country. So on the one hand, I think you've got the market saying, I think we can weather this. Now, here's the next shoe to drop.

I mean, I realize we brought back a lot of the other tariffs, but anyway, continue. And the average tariff rate is extremely high on this country. So on the one hand, I think you've got the market saying, I think we can weather this. Now, here's the next shoe to drop.

A lot of folks who are pretty read up on supply chains say that trade has shut down with China to the extent that the container ships that are currently crossing the Pacific and will be unloaded at docks across the country, those are significantly down from where they were a month, three months, 12 months ago. which means that we could see very soon shortages in price hikes.

A lot of folks who are pretty read up on supply chains say that trade has shut down with China to the extent that the container ships that are currently crossing the Pacific and will be unloaded at docks across the country, those are significantly down from where they were a month, three months, 12 months ago. which means that we could see very soon shortages in price hikes.

A lot of folks who are pretty read up on supply chains say that trade has shut down with China to the extent that the container ships that are currently crossing the Pacific and will be unloaded at docks across the country, those are significantly down from where they were a month, three months, 12 months ago. which means that we could see very soon shortages in price hikes.

As Americans go to stores, the Home Depot, FAO Schwartz, Target, Walmart, and realize that for every 100 items that might have existed six months ago in stock, there's only going to be 60 or 50. So those shortages are about two to three weeks away. And I think the market is just sort of holding on and waiting to see what happens when the tariffs really bite the supply chain.