Tracy Alloway

Still, the administration isn't really thinking about you that much, or at least they're very comfortable with inflicting short term losses on you.

I think it's really, really difficult to make that case. I mean, I'll just throw out here, my dad's a Trump supporter. So I hear a lot of the talking points. The one that he's on at the moment is the market is overreacting. You know, it's the globalist international investors fault that this is happening, which, you know, okay, blame it on someone else.

I think it's really, really difficult to make that case. I mean, I'll just throw out here, my dad's a Trump supporter. So I hear a lot of the talking points. The one that he's on at the moment is the market is overreacting. You know, it's the globalist international investors fault that this is happening, which, you know, okay, blame it on someone else.

I think it's really, really difficult to make that case. I mean, I'll just throw out here, my dad's a Trump supporter. So I hear a lot of the talking points. The one that he's on at the moment is the market is overreacting. You know, it's the globalist international investors fault that this is happening, which, you know, okay, blame it on someone else.

That's a classic reaction when something blows up in your face. But at the same time, like, We are seeing this happen, right?

That's a classic reaction when something blows up in your face. But at the same time, like, We are seeing this happen, right?

That's a classic reaction when something blows up in your face. But at the same time, like, We are seeing this happen, right?

America is basically retreating from Europe, and it means Europe is going to have to come together, start spending a lot on defense, maybe start spending more on its domestic industry, funded by the government, I might add, not like the US, which seems to be stepping away from a lot of federal funding.

America is basically retreating from Europe, and it means Europe is going to have to come together, start spending a lot on defense, maybe start spending more on its domestic industry, funded by the government, I might add, not like the US, which seems to be stepping away from a lot of federal funding.

America is basically retreating from Europe, and it means Europe is going to have to come together, start spending a lot on defense, maybe start spending more on its domestic industry, funded by the government, I might add, not like the US, which seems to be stepping away from a lot of federal funding.

And so that's going to create more economic integration, more growth, more togetherness, cohesion, whatever you want to call it. People are pricing in the idea of a... how should I put it, submerging America. We are seeing that in asset prices.

And so that's going to create more economic integration, more growth, more togetherness, cohesion, whatever you want to call it. People are pricing in the idea of a... how should I put it, submerging America. We are seeing that in asset prices.

And so that's going to create more economic integration, more growth, more togetherness, cohesion, whatever you want to call it. People are pricing in the idea of a... how should I put it, submerging America. We are seeing that in asset prices.

Sure. So all of this is stemming from an action they took on the FTC. So it was kind of funny. We interviewed actually in D.C. the FTC commissioner, Andy Ferguson, the head of the FTC. It was like a Tuesday night and he was talking about how much he loves bipartisan opinion within the commission, how much he values it. It's very important.

Sure. So all of this is stemming from an action they took on the FTC. So it was kind of funny. We interviewed actually in D.C. the FTC commissioner, Andy Ferguson, the head of the FTC. It was like a Tuesday night and he was talking about how much he loves bipartisan opinion within the commission, how much he values it. It's very important.

Sure. So all of this is stemming from an action they took on the FTC. So it was kind of funny. We interviewed actually in D.C. the FTC commissioner, Andy Ferguson, the head of the FTC. It was like a Tuesday night and he was talking about how much he loves bipartisan opinion within the commission, how much he values it. It's very important.

And then the next day, news came that Trump had fired the two Democratic commissioners at the FTC. And he had used this kind of special power to do it. That's now working its way through the courts. In fact, odd lots is cited in the lawsuit that those commissioners are now filing. And the interesting thing here, the relevance for the Fed is...

And then the next day, news came that Trump had fired the two Democratic commissioners at the FTC. And he had used this kind of special power to do it. That's now working its way through the courts. In fact, odd lots is cited in the lawsuit that those commissioners are now filing. And the interesting thing here, the relevance for the Fed is...

And then the next day, news came that Trump had fired the two Democratic commissioners at the FTC. And he had used this kind of special power to do it. That's now working its way through the courts. In fact, odd lots is cited in the lawsuit that those commissioners are now filing. And the interesting thing here, the relevance for the Fed is...

If Trump succeeds in doing this and if the lawyers fail at arguing against this in court, it could have implications for the central bank. It could mean that Trump can effectively fire whoever he wants at the Fed, you know, a regional Fed president, whatever. That would give unprecedented control, at least in America, to a president over the central bank.