Robert Armstrong

to distinguish the cases where it's straight out of the truth social account and the cases where there's more voices echoing the policy right so because of course there have been highly market relevant trump policies you know the tax cuts yes whatever uh but uh i you know i wonder if

Just pretending he didn't have a truth social account and limiting your intake that way.

I think that might work pretty well.

But again, there's another question here.

which is how much does this guy change over time?

I think, I wonder if as his term wears on, second term lame duck president, 79 going on 80, whatever, you have to take seriously

the possibility that his risk appetite and his just sheer bloody-mindedness is becoming more extreme over time.

You know, and we saw that in the case of Venezuela, you know?

I mean, so I don't know, turn it off, but clearly a more skeptical attitude is warranted here.

First of all, I should note for the benefit of your listeners that the Association of Financial Pundits and Forecasters

ought to erect a monument to how wrong I have been about gold for the last couple of years.

I mean, I was a skeptic at $2,500, right, 100% ago.

So I don't like it as an asset class.

I don't think it's been great over time.

I've articulated again and again my skepticism, and I have been wrong as it is literally possible to be.

So with that said, that's your health warning to everyone listening to me.

I think that there are three theories.

One, what this shows you is about the debasement trade, right?

That the dollar is going to weaken over time and there's going to be inflation, et cetera, et cetera.

U.S.