Peter Navarro

with meat and potatoes, bread and things like that on the table.

And in fact, the same PPI report showed that what I've been watching very carefully is the rebirth of our manufacturing capacity.

So, you know, 100% expensing on a beautiful bill.

And then people are going to have money in their pockets.

It's not just the rebates, the no tax on tips, no tax on overtime and seniors, no tax on Social Security.

That's huge.

That's a big hit.

And of course, the trade deficit.

I mean, I've been saying this for 10 years now.

It's like when you have a falling deficit, that's reflected in higher GDP growth.

It's purely a mathematical equation.

And we were losing 1% to 2% of GDP every year for the last 20 years as our factories have gone offshore.

And now that's coming back.

So things look really good.

The new Fed chair announcement, I think you and I agree, is puzzling in the sense that he has a reputation for being hawkish and a strong dollar guy.

And I always thought the term weak and strong dollar were

we're wrong.

That's not what it's all about.

It's like, what's a fairly valued dollar in a world of fair trade?

And it's been hurting us.