Michael Connor

MarketReader, Board of Advisors. Executive Director - DriveWealth LLC. Former CEO of MNI.

[The Wall Street Journal @WSJ]

An Abu Dhabi royal backed a secret $500 million investment in Trump’s crypto company. Months later, U.A.E. won access to tightly guarded American AI chips. https://t.co/7jVpCE1KK7

[Michael Connor @mnsconnor]

Over the years, we have watched our government in Washington continue to ignore the fiscal reality of our debt. Our economic future depends on a strong fiscal foundation. Learn more about our #NationalDebt and solutions to address it. https://t.co/y1F2ZITSwO via @pgpfoundation

[Michael Connor @mnsconnor]

@mdbaccardax Martin, you'll have to ask Washington because apparently no one in NY has any influence on what's going on.

[Bill Ackman @BillAckman]

The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.

President @realDonaldTrump has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention. So far, so good.

And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic growth in our country.

But, by placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital.

The president has an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country.

If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate.

What CEO and what board of directors will be comfortable making large,
long-term, economic commitments in our country in the middle of an economic nuclear war?

I don’t know of one who will do so.

When markets crash, new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.

And it is not just the big companies that will suffer. Small and medium size businesses and entrepreneurs will experience much greater pain. Almost no business can pass through an overnight massive increase in costs to their customers. And that’s true even if they have no debt, and, unfortunately, there is a massive amount of leverage in the system.

Business is a confidence game. The president is losing the confidence of business leaders around the globe. The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for.

The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system.

Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down.

May cooler heads prevail.

[Michael Connor @mnsconnor]

Interesting to see Elon Musk posting a video of Milton Friedman making his classic case for free trade and global markets.

[Michael Connor @mnsconnor]

@LehighFootball ESPN showing Lehigh 63 Bucknell 28. Dummies.

[Michael Connor @mnsconnor]

Not a word on this during the debate last night. Beyond belief. <img src="https://t.co/BX0rD2JC2T" width="620" alt="The National Debt is now more than $35 trillion. What does that mean?">
<a href="https://t.co/e99bzYwbk3

[Michael Connor @mnsconnor]

Wonderful news.

[The Wall Street Journal @WSJ]

Breaking: Russia freed wrongly convicted WSJ reporter Evan Gershkovich as part of the largest and most complex East-West prisoner swap since the Cold War https://t.co/MAPTNZ6Wdf

[MarketReader @marketreaderinc]

Get a daily up-date on market movements (macro and micro) ahead of the market open, more up-to-date than any other news-letter:

https://t.co/WSq6d3vT1J

[Michael Connor @mnsconnor]

@PayPal is the worst.

[MarketReader @marketreaderinc]

We are excited to welcome a new member of our advisory board: Michael Connor (@mnsconnor), former CEO of @MNIMarketnews and Executive Director at @DriveWealth.

Read the full announcement here:
https://t.co/uiqoMYtfhP

[Historic Vids @historyinmemes]

A mistake is not the end

[Robin Brooks @robin_j_brooks]

China and Russia are the perfect symbiotic relationship. China imports huge amounts of Russian energy (red) and exports tons of goods to Russia (blue) that keep its war economy going. This surge in trade only began after Russia invaded Ukraine. China is Putin's biggest enabler...

[Michael Connor @mnsconnor]

@historyrock_ No.

[Michael Connor @mnsconnor]

Federal Reserve Chair Jerome Powell, speaking in an interview, said that now is the time to start addressing our $34 trillion and rising national debt. https://t.co/wJdkpu3tGO

[Michael Connor @mnsconnor]

A stronger economy and #SocialSecurity program are just two of the benefits voters think we'll see from a fiscal commission to address our #NationalDebt. https://t.co/Nn8L0gayOu

[Michael Connor @mnsconnor]

@historyrock_ Oh yeah.

[Council on Foreign Relations @CFR_org]

We continue to believe that the Fed and the market are significantly underestimating the tightness of monetary policy today, and particularly that going forward into 2025, write @BennSteil and Elisabeth Harding. https://t.co/cNG4BE3k6o

[Michael Connor @mnsconnor]

@historyrock_ Yes. A remarkable piece of music.

[Michael Connor @mnsconnor]

@LehighU What is the date? Would help to include that.