A simple state of play seems to be emerging geopolitically based on countries reaction to US policy
Friend = Remove all tariffs on US products
Neutral = Accept reciprocity
Adversary = seek to exploit the confusion of the US population through retaliatory actions and or statements
maybe this is overly simplistic. Of course, reserve the right to change views as the situation evolves
Happy liberation day
With rare exception, ideas really are trivial compared to execution.
For example, the idea of going to the Moon is simple, but ACTUALLY going to the Moon is staggeringly difficult.
Wouldn’t it be ironic if the young people who started this decade with incredible swagger and optimism …founding NFT communities, trading memes, starting AI companies…end the decade dying in the trenches of the Russo Chinese front, and in the sands of the Middle East.
So here’s what’s happening, if I may
Trump and Elon exchanged some irreverent tweets, that are completely in character, to express their views on an important topic re: government spending
Investors are therefore carefully reevaluating their entire thesis on US productivity, AI, robotics, self driving, sound money, defi, tokenized assets.. etc. etc.
Seems a reasonable response
Their conclusion? Sell everything.