Fatty Fatty Boom Boom

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substack.com

Fatty Fatty Boom Boom

AI summary of the linked article

America's trade and capital imbalances, likened here to obesity, are attributed to decades of printed money rather than tariff rates, and capital controls that tax foreign buyers of US assets are presented as the politically easier fix. The text says the Trump administration has backed away from maximalist tariffs, cutting America-China tariffs to roughly 10% on both sides for 90 days. It predicts that foreign capital will flee US stocks, bonds and real estate, weakening the dollar, and that Bitcoin will be the best-performing asset during this period.

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