Jim Chanos
speaker
320 appearances
1 recordings
1 series
first heard Apr 2025
last heard Apr 2025
Jim Chanos’s voice in public audio — every appearance, attributed to the second.
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Appearances
I mean, you saw Walmart Warn today, Delta has uh pulled their guidance, both of those were just today.
I mean it it it's kind of stunning how if you think about the nuts and bolts of these tariffs and how they work, despite what our president says, the the importing entity pays the tariff.
Right.
Right.
It's not a tax on China.
And and so you're a small, medium businessman, you just got a hundred thousand dollars worth of product that landed at Long Beach Port uh from China and uh your broker is saying, Yeah, just come down with a cashier's check for a hundred thousand dollars for the government and we'll release your product.
A lot of businesses don't have that.
And so, I mean, there's real practical aspects of these tariffs that I don't think we kind of know all the implications and the and and how it will will ripple through the economy.
And I suspect you'll start by May getting getting some pretty decent real-time feedback on from businesses saying, you know, we we're cutting our profit guidance.
Because if they can't pass
Pass it on completely and and study after study shows they can't usually, then profit margins, which by the way, let us not forget, are at all-time highs.
Um are gonna hit an air pocket.
there definitely is a level of disbelief.
I mean, the the stock market's still at twenty times latest twelve month earnings.
And I I mean they're coming down, but people still think earnings are gonna be up ten percent this year.
And I don't know what planet they're on.
Um and and so I think that that that's number one and and the size of the tariffs was stunning.
I remember was watching the press conference after the market closed, and I don't have the best eyesight.
the world.
I had to get close to the T V to make sure I was reading the reading the reading the numbers right now.
Showing 161–180 of 320 · page 9 of 16
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