4.6 • 1.3K Ratings
🗓️ 14 March 2025
⏱️ 19 minutes
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0:00.0 | Let's talk about the tariffs because I was talking to one of our clients today and the tariffs, if they go through, will affect him pretty hard. |
0:07.6 | Let's just say he's in construction. |
0:10.0 | And, you know, you put over here, Trump rejects pleas from businesses for more clarity on tariffs. |
0:17.2 | Quoting, they always say that. |
0:19.6 | Yeah, and you know what happened to the market today, right? |
0:21.6 | The market's in a shitter. |
0:23.1 | Yeah, I think the Dow was down last I checked, like 810. |
0:25.9 | If it goes out 7% more... |
0:26.8 | Oh, no, 890. |
0:28.3 | If it goes on 7% more, we're in bare territory. |
0:30.9 | Yeah, uh, S&P is down 155.63. |
0:36.0 | Yeah. |
0:36.7 | So, let's give our thoughts on the tariffs overall because they |
0:41.3 | they don't affect us directly but indirectly they do because they do because our |
0:45.7 | clients. Yeah. It affects everyone because even if it doesn't affect you it |
0:49.6 | affects your cost of living and to be clear it does affect us as consumers because we end up bearing the cost. |
0:55.6 | Yes. |
0:56.6 | But I think there's 4D chess that Trump is playing here, and we're not saying we support |
1:01.6 | him or not support him. |
1:03.0 | It's more so to say that we have, we're coming up on $39 trillion in debt, and to refinance |
1:09.1 | that right now at the current 10-year rates, it's |
1:11.5 | really expensive to refinance it. |
... |
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