“Liberation Day” Market Rout
“If goods can’t cross borders, armies will.”
- Cordell Hull, U.S. Secretary of State from 1933 to 1944
The past week has been a
“The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.” - Scott Bessent, 79th
“We are the reserve currency, I see no option for any other currency to be the reserve currency… Nobody knows how far you can go with a paper currency before it
“The fact that one small unelected entity can dictate the cost of capital for the entire world will eventually be seen as a medieval anachronism.” – Alex
“Inflation peaked. But it is not the last of this cycle. We are likely to see CPI lower, possibly negative in the 2nd half 0f 2023, and the US in recession by
