Prof G Markets
00:10:08 · Ed Elson
[00:10:08] S8: No. I think that is an objective perspective. I think we've seen it reflected in the results in the results this week. I guess in terms of what happens next, and this is sort of the real question, especially for investors and Americans who have been significantly impacted by a lot of these decisions. So there's the corruption and what I perceive to be most likely genuine criminal activity, and we'll we'll we'll get to that and what the Democrats may or may not do about that. But in terms of the economy, you've got rampant inflation. You've got higher oil oil prices, which has resulted in higher diesel prices, resulting in higher fertilizer prices, higher grocery prices. It's killed farmers. It's... But we've seen the tariffs affecting manufacturing. We've seen actually a decline in manufacturing jobs. I mean, the economy has been roiled by the economic policies of Trump. And to me, this is America saying, hey, we didn't like that. We're voting you out. No more of that. I wonder if he will actually reverse course on anything. And that right there is a very important question for investors because if he does, if he does say, okay, no more tariffs. We're gonna get out of Iran. Those are decisions that have... That carry trillions and trillions of dollars of market value that are gonna really steer the trajectory of the American economy and American markets over the next several years, but it's gonna come down to him. And so my question for you, will he reverse course? Will he say, okay. My bad. Let's go in a new direction, or will he double down?
00:11:49 · Anthony Scaramucci
[00:11:49] S6: So, I mean, this is an amazing question because he is a... What HR McMaster called him, he's a reflexive contrarian. Everybody thought he was gonna go crazy and bombastic and reject the election. Well, it turns out he's not Vladimir Putin. He's more like Viktor Orban. You know, the election was overwhelming. He can't pick up the phone anywhere and say, Hey, we're short 2,000 votes. He's okay. He gotta pick up the phone and say, Hey, help me find 20,000,000 votes. I mean, he got his full ass kicked. So to me, people said, Oh, he's gonna go crazy and get super aggressive. And you and I saw last night that he didn't do that. We also saw today that he didn't do that. But that is such an interesting strategy. If he pulls the plug on those things, their popularity will equalize. Okay. Just remember before the election, the Democrats are polling in the twenties, 25%, 30%. The Democrats are polling like the IRS polls or like the cable company that won't answer your phone call when you're trying to get your cable service back up. And so to me, a couple of things like that would be absolutely political genius on his part. And the thing I know about him better than anything, he's a transactionalist. I hate Jeff Bezos. I'm gonna break up his company. Okay, sir, you just won the election. Jeff Bezos is coming in with a million dollars for the inaugural and $40,000,000 for Melania. Okay, I love Jeff Bezos, sit him behind my family at the inauguration. I hate Mark Zuckerberg, He banned me from Facebook and Instagram, and he gave me a huge hassle and he censored me. Okay, well, here he comes with the money, let's change. So it is very plausible that he could do that. You know, Brian Lanza, you and I interviewed him this morning. He said, well, what if Trump just goes in the other direction on tariffs? You know, and I know because you're a great reporter, that the Republicans are pushing him every which way on the tariffs. You know that Susan Collins, one of the big reasons she lost up in Maine, were the tariffs, because she's in a border state and she's been woefully economically impacted by it. Mike Rogers knows that a big part of that loss Michigan is related to the tariffs. So just imagine if he goes in a reverse course and you can't, there's no way we could look around and say, no, Trump is not capable of that.
00:14:25 · Anthony Scaramucci
Everybody, he was blasting Mamdani, communist, socialist, this, that, and the other thing. He'd lovey dovey with Mamdani at City Hall, at Gracie Mansion, and in the Oval Office. So that's part of the calculus. You gotta definitely look at that, Ed. Could it happen ASAP? I doubt it. A broad rollback of the tariffs would likely be unlikely. He's also still pressing them. Carney said two days ago, there has been some progress after The U. S. Has dropped some of their demands. Okay. And so you could see a deal now with Canada. But let me tell you something about Mark Carney. He's also gotta be very careful. He is so popular, Ed, for sticking to his guns in Canada. If he cuts that deal, there better never be any perception in that deal that he made major concessions of Donald Trump. It'll hurt his political standing. The best thing that's happened to Mark Carney's political career was Donald Trump. You know the conservatives were about to win in Canada. Trump comes along acting like a jackass. Carney wins the election handily, and Carney knows how to play this guy, and he's got a 70 plus percent approval rating in Canada. So to me, Trump could make those moves. It wouldn't surprise me. The flip side is, I said this this morning, I'll say it on your show, he had $800,000,000 in his war chest. He spent 10,000,000 of it. What is he waiting for? Maybe the setup is in 2028. Buy Vance. Buy Rubio. And here's $300,000,000 on one of my adult children.
00:16:04 · Ed Elson
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00:17:30 · S7
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00:18:43 · S9, S7
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