The big short investor explains why Trump will win a global tariff trade war because he gives brutal advice to Canada and Mexico.
Famous investor Steve Eisman presented a light of hope for President Trump’s controversial tariff policy and insisted that the United States could still peak.
Among the fall of a global recession and fears, during the 2008 market accident, Eisman – Trump, who had his own abuse Hollywood box office records, could get what Trump wants from tariffs.
“ The reason why the cooler heads reign is that everyone suffered in a trade war; The US will suffer the least ‘he said.
‘If reasonable heads reign, Trump will get what he wants.’
Eisman, the US GDP consists of 11 percent exports, while the European Union exports are 30 percent and reached 35 percent for Mexico and Canada, he said.
Talking about the two closest neighbors of America, “ These two countries do not have cards, ” he said.
It is waiting for foreign nationals to do whatever it takes to make an agreement with the Trump administration to avoid economic destruction in the coming months.
Eisman said that Canada and Mexico should come to Trump while saying that we would do what they want, especially when they be pleading and financial positions.
Famous investor Steve Eisman presented a light of hope for President Trump’s controversial tariff policy, and insists that the US can still be on the top
In the midst of the plunging markets and fears of a global recession, during the 2008 market accident, Eisman – Trump, who has broken the Hollywood box office records during the 2008 market accident, said that he could get what Trump wanted ‘from tariffs’.
However, he acknowledged that there are political -guided factors that can prevent global leaders from taking an approach for their best interests.
“If everyone is rational, they will reduce their obstacles,” he said. “ This does not mean that everyone is rational. Some politicians may think that we will lose our business if we give it. ‘
Eisman also tried to rational the thinking process behind the tariffs that allows Trump to draw the heads of many other critics and voters.
‘According to me [he] Free trade is great, but GDP is not just a number – people.
“There are all the towns that suffer very much,” Eisman said, Trump said he wanted to “sort again”.
And he doubts that daily voters with payment control receive a lot of stock of market accidents or billionaire concerns.
“There are people in the markets who are upset that they lost money,” he said. “ I will not children, I am one of those people. I lost plenty.
But then there is anyone who lost their jobs in their towns in this country, they cheered. Who voted for the President? They did. ‘
In Hollywood Blockbuster, Big Short was changed to Mark Baum and some elements of his story were changed, but his financial success was correctly described by Steve Carell during turmoil.
Eisman himself has the experience of dealing with market accidents. In 2007, subprime bets against mortgages and guaranteed debt obligations.
When the market collapsed, he made a lot of money and earned $ 1 billion.
Big Short, which broke the box office records, was changed to Mark Baum and some elements of his story were changed, but his financial success was correctly described by Steve Carell during turmoil.
“Everyone on the stock market went to university and everyone who went to university took Econ 101 and hit their heads that the trade wars were bad.” He said.
‘Trade is good, tariffs are bad, trade war is terrible … Now you have a president of the United States who do not accept this paradigm … And people find him shocking.’
Although Eisman was elected with a campaign commitment to bring a comprehensive reform of Trump, he said that people are almost hysterics on tariffs.
Eisman, “President Trump you may agree or you may not join him, something I have found admirable about him, is one of the few politicians who said he will do exactly what I have done throughout my life, ” he said.
‘He told you he would do it for years, and now he went and did it and everyone was shocked.’
Although Eisman was selected by a campaign commitment for Trump to bring a comprehensive reform, he said that people are almost hysterics on tariffs.
The stock exchange convened soon after Tuesday, when Trump’s tariffs came into force, but the White House stated that this would not happen since then
Eisman himself has the experience of dealing with market accidents. In 2007, subprime bets against mortgages and guaranteed debt obligations
Eisman’s assurance, Trump has doubled on the shock announcement that China will give 104 percent tariffs and will soon tariff the drugs announced.
“ We will describe our drugs and they will return to our country after doing this because we are the big market, ‘Trump said National republican Congress Tuesday night dinner of the Committee’s President.
‘So we will announce a big tariff about the drugs in a very short time, and when they hear it, they will leave China, they will leave other places because most of their products are sold here and they will open their plants all over our country.’
Trump’s commitment to the tariffs re -confirmed comes after Dow More than 300 points ended.
The president admitted that it was not ideal for the stock market to fall, but sometimes you had to take medicine to correct something.
In general, the market decrease in the tariff was more than 4,500 points.
The stock exchange convened soon after Tuesday, when Trump seems to make a pause to enter into force, but the White House said it would not happen since then.
