Bloch

@BillAckman @VDHanson @realDonaldTrump "Our trading partners have taken advantage of us for decades after tariffs were no longer needed to help them rebuild their economies after WWII.". @BillAckman: outside of the US people use Nflx, Amzn, Instagram etc, feeding Americans. Why exclude these from the math?

.@VDHanson makes a compelling case for the @realDonaldTrump tariff strategy, but gets one issue incorrect. He describes the Trump tariffs as reciprocal and proportional to those other nations have assessed on us. In actuality, the Trump tariffs were set at levels substantially above, and in many cases, at a multiple of the counterparty country’s tariff levels. Initially, the market responded favorably, up more than one percent when Trump referred to ‘reciprocal tariffs’ in his Rose Garden speech. It was only when he put up a chart showing the actual tariffs that the markets plunged. We can divine from this response that market participants are supportive of the administration using tariffs as a tool to lower the asymmetrical tariffs of our trading partners, but are highly concerned with tariff levels set well in excess of a corresponding country’s levels. So why did Trump take this approach? The answer goes back to ‘The Art of the Deal.’ Trump’s negotiating style is to ask for the moon and then settle somewhere in between. It has worked well for him in the past so he is using the same approach here. The market’s response is due to the fear that if this strategy fails and the tariffs stay in place, they will plunge our economy into a recession. And we don’t need to wait for failure as it doesn’t take long for a high degree of uncertainty to cause economic activity to slow. Press reports today have said that all deals are now on hold. This is not surprising. Capitalism is a confidence game. Uncertainty is the enemy of business confidence. The good news is that a number of countries have already approached the negotiating table to make tariff deals, which suggests that Trump’s strategy is beginning to work. Whether this is enough to settle markets next week is unknowable, but we will find out soon. The idea that Wall Street and investors are opposed to the President’s efforts to bring back our industrial base by leveling the tariff playing field is false. Our trading partners have taken advantage of us for decades after tariffs were no longer needed to help them rebuild their economies after WWII. The market is simply responding to Trump’s shock and awe negotiating strategy and factoring in some probability that it will fail or otherwise lead to an extended period of uncertainty that will sink us into a recession. The market decline has been compounded by losses incurred at so-called pod shops and other highly levered market participants that have been forced to liquidate positions as markets have declined. Stocks of even the best companies are now trading at the cheapest valuations we have seen since Covid. If the President makes continued progress on tariff deals, uncertainty will be reduced, and the market will begin to recover. As more countries come to the table, those that have held out or have reciprocated with higher tariffs will have growing concerns about being left behind. This should cause more countries to negotiate deals until we reach a tipping point where it is clear that the strategy will succeed. When this occurs, stocks will soar. Trump’s strategy is not without risk, but I wouldn’t bet against him. The more that markets support the President and his strategy, the higher the probability that he succeeds, so a stable hand on the trading wheel is a patriotic one. An important characteristic of a great leader is a willingness to change course when the facts change or when the initial strategy is not working. We have seen Trump do this before. Two days in, however, it is much too early to form a view about his tariff strategy. Trump cares enormously about our economy and the stock market as a measure of his performance. If the current strategy works, he will continue to execute on it. If it needs to be tweaked or changed, I expect he will make the necessary changes. Based on the early read, his strategy appears to be working. Let’s help him succeed. It’s the least we can do.

@MarcelloFoa L'esperienza degli ultimi 10 anni mostra che non ci sono ricette magiche, ma anche che norme disegnate ascoltando i nostri connazionali all'estero funzionano gruppocontroesodo.it/2025/01/25/un-… Proviamo a rilanciare legando capitale umano e investimenti? @GiulioCentemero

@unemon1 @CodfishJohnny what's the source of this? is this your work?

@CodfishJohnny No, it is not!

$XP ... if is interesting that the pictures uploaded on Hindenburg website mostly focus on COLISEU and Gladius! COLISEU alone explainse 30-40% of $XP REVENUE OVER THE YEARS! $XP ... STAY TUNED!

@CulperResearch ft.com/content/4e6062… are you shorting JPMorgan and HSBC too?

1) We are short Kaspi.kz $KSPI, the operator of the largest payment network and second largest bank in Kazakhstan. Our full report is now available on our website. culperresearch.com

@sylviapfeifer @FT Horrible shifting of the goalposts … these guys created a scheme to get rich. Surely didn’t create the value for which they are getting paid

Former Melrose executives take major share of £180mn bonus pot ft.com/content/85cfb5… via @ft

Gli emendamenti presentati da @daniela_torto e @toniricciardi al Milleproroghe sui lavoratori impatriati correggono il testo del Governo che non ha nemmeno recepito le raccomandazioni delle Commissioni - reintrodurre la logica del radicamento per non tornare indietro di 10 anni

@GControesodo questa survey mette Milano e Roma come peggiori citta' per expats nel mondo. E se si riducono benefici non credo che questa classifica potra' migliorare internations.org/expat-insider/…

9colonne.it/436608/gruppo-… @MEF_GOV @AlbertoBagnai @TommasoFoti @alepaganotwit @toniricciardi

youtu.be/frz72_XTmAE Siamo fermamente convinti che si debbano rafforzare le misure sul radicamento e sulla natalità, non abrogarle!

Gli incentivi per l'attrazione del capitale umano NON costano e si ripagano da soli - l'evidenza contabile e accademica concordano gruppocontroesodo.it/2023/11/05/gli… @GiulioCentemero @AlbertoBagnai @TommasoFoti @MEF_GOV @simo_billi @alepaganotwit

notizie.virgilio.it/le-tasse-per-i… In sintesi: l'abrogazione di fatto delle norme del DL crescita è una pessima idea, le modalità proposte ancora peggio. Fermiamoci e ripensiamole @GiulioCentemero @TommasoFoti @Quirinale @toniricciardi @simo_billi

repubblica.it/economia/2023/… Il correttivo più importante da fare è non abrogare le misure per il radicamento @MEF_GOV @GiulioCentemero @AlbertoBagnai @TommasoFoti @toniricciardi @matteorenzi

@GControesodo se si cambia adesso moltissimi che stavano pensando di tornare cambieranno idea, incluse aziende che avevano pianificato di portare personale in Italia. Ma a chi/cosa serve cambiare delle regole che stavano funzionando?!

@GControesodo gli incentivi per il rientro non sono un regalo, sono una misura per compensare! il mercato del lavoro in Italia non e' competitivo con i paesi sviluppati! senza incentivi e' quasi impossibile rientrare per molti come me che vorrebbero farlo.E cambiare ogni 3x2 toglie fiducia!

Gli incentivi per il rientro del capitale umano dall'estero non si toccano! Le modifiche del Governo uccidono una norma che stava funzionando bene, e creano un danno reputazionale per il Paese. Invece di incentivare i rientri e il radicamento/natalità, si cancellano questi temi

@andrewcoye @davidein @GreenlightCapit @SohnConf €91 is a horrible bid! not a great outcome at all!

Congratulations @davidein and @GreenlightCapit! Thank you for sharing your idea $VTSC at @SohnConf 2023 & congratulations on the excellent performance! +~47% from 9 May 2023 Sohn pitch. Maybe you can re-look at $AER or consider $GTX with the proceeds :) wsj.com/business/autos…

@MEF_GOV modifiche ai benefici di rientro in Italia causerebbero solo danni! Sono li per un motivo! la popolazione invecchia, l'immigrazione non e' qualificata e il mercato del lavoro e' stagnante. Senza gli incentivi il flusso di rientro cessera': a chi giova!? NON CAMBIATELI

@NOWTV_It ma potete dire ai telecronisti di imparare le pronunce dei nomi dei giocatori irlandesi!!?!? Non si possono sentire

@GControesodo 🙋‍♂️

Già evidente la crisi di tante persone che stavano valutando il rientro ma che ora non valutano più perché c'è incertezza. Le mail che ci arrivano dalla community parlano chiaro. Un peccato

Gli incentivi per il rientro del capitale umano dall'estero non si toccano! gruppocontroesodo.it/wp-content/upl…

@calvinfroedge so poor(er) people (still clearly the overwhelming majority) don't get representation other than the 1/8?