AkhenOsiris
Fucknick on thin ice, per Politico:
Inside the White House, Commerce Secretary Howard Lutnick has been perhaps the biggest proponent of ”Liberation Day,” President Donald Trump’s promised unveiling of sweeping new tariffs on Wednesday. But as the day nears, the potential fallout from those tariffs may well liberate Lutnick from his role in the administration, according to half dozen people close to the White House.While Americans and much of the world brace for a possible season of pain following the imposition of the new tranche of tariffs, Trump’s orbit is ready to play the blame game should things go poorly for the White House. And all the fingers will be pointing at Lutnick, two people close to the administration, granted anonymity to discuss the private dynamics, told POLITICO.“I think people would take special pleasure in blaming him,” said one.
Lutnick spends substantial time in the Oval Office, hyping the president on his tariff strategy and “giving him bad advice — pushing more aggressive tariffs,” the person said.Treasury Secretary Scott Bessent remains the “measured voice” advocating targeted tariffs. Trade adviser Peter Navarro has never been shy about his affection for tariffs, but he’s a known quantity and isn’t seen as shaking anything up. By contrast, Lutnick is “a new voice at the table pushing crazy shit,” in the words of the person familiar with the situation. “I don’t know anyone that isn’t pissed off at him.”
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Fucknick on thin ice, per Politico:
Inside the White House, Commerce Secretary Howard Lutnick has been perhaps the biggest proponent of ”Liberation Day,” President Donald Trump’s promised unveiling of sweeping new tariffs on Wednesday. But as the day nears, the potential fallout from those tariffs may well liberate Lutnick from his role in the administration, according to half dozen people close to the White House.While Americans and much of the world brace for a possible season of pain following the imposition of the new tranche of tariffs, Trump’s orbit is ready to play the blame game should things go poorly for the White House. And all the fingers will be pointing at Lutnick, two people close to the administration, granted anonymity to discuss the private dynamics, told POLITICO.“I think people would take special pleasure in blaming him,” said one.
Lutnick spends substantial time in the Oval Office, hyping the president on his tariff strategy and “giving him bad advice — pushing more aggressive tariffs,” the person said.Treasury Secretary Scott Bessent remains the “measured voice” advocating targeted tariffs. Trade adviser Peter Navarro has never been shy about his affection for tariffs, but he’s a known quantity and isn’t seen as shaking anything up. By contrast, Lutnick is “a new voice at the table pushing crazy shit,” in the words of the person familiar with the situation. “I don’t know anyone that isn’t pissed off at him.”
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AkhenOsiris
@RadnorCapital
Hi SRADnor, was wondering if you have any thoughts post SRAD's first ever Analyst Day. I like the 27% CAGR for EBITDA through 2027 👋
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@RadnorCapital
Hi SRADnor, was wondering if you have any thoughts post SRAD's first ever Analyst Day. I like the 27% CAGR for EBITDA through 2027 👋
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Offshore
Video
Quiver Quantitative
BREAKING: Cory Booker just broke the record for the longest floor speech ever.
He's been standing for over 24 hours, with no bathroom breaks.
He has said that he is going to keep going for as long as he is physically able. https://t.co/TUGhS3UfmL
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BREAKING: Cory Booker just broke the record for the longest floor speech ever.
He's been standing for over 24 hours, with no bathroom breaks.
He has said that he is going to keep going for as long as he is physically able. https://t.co/TUGhS3UfmL
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Offshore
Photo
The Kobeissi Letter
BREAKING: US auto repossessions jumped 16% in 2024, to 1.73 million. the highest since 2009.
Over the last 3 years, vehicle seizures have surged by 600,000, or 53%.
This comes as consumers’ auto delinquencies have also risen sharply.
The share of subprime car borrowers at least 60 days past due on their loans jumped to 6.56% in January, the most on record.
Moreover, auto loans serious delinquency rates (90+ days) hit 3.0% in Q4 2024, the highest in 14 years.
US consumers are beginning to default.
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BREAKING: US auto repossessions jumped 16% in 2024, to 1.73 million. the highest since 2009.
Over the last 3 years, vehicle seizures have surged by 600,000, or 53%.
This comes as consumers’ auto delinquencies have also risen sharply.
The share of subprime car borrowers at least 60 days past due on their loans jumped to 6.56% in January, the most on record.
Moreover, auto loans serious delinquency rates (90+ days) hit 3.0% in Q4 2024, the highest in 14 years.
US consumers are beginning to default.
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Offshore
Photo
Finding Compounders
Michael Burry’s investment strategy
Source:@marketplunger1 https://t.co/XOSzngoMdI
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Michael Burry’s investment strategy
Source:@marketplunger1 https://t.co/XOSzngoMdI
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Offshore
Photo
Hidden Value Gems
Luxury shops are mostly empty, five assistants in an empty Gucci shop.
This is Terminal 5 (Heathrow).
$KER.PA $WOSG.L $BRBY.L https://t.co/OpZeJ56knA
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Luxury shops are mostly empty, five assistants in an empty Gucci shop.
This is Terminal 5 (Heathrow).
$KER.PA $WOSG.L $BRBY.L https://t.co/OpZeJ56knA
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Offshore
Photo
Finding Compounders
Warren Buffett in his 2013 letter lists certain fundamentals of investing https://t.co/t1tcfvZHhH
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Warren Buffett in his 2013 letter lists certain fundamentals of investing https://t.co/t1tcfvZHhH
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