Global Economics (5/21/2025)
Timeline
0:00 – Cashing Out Decision
1:03 – Market Recovery and All-Time Highs
2:00 – Valuation and Projected Earnings Manipulation
3:50 – Tariff Risks
5:00 – Walmart
13:24 – Tariffs Wiping Out Profit
14:33 – Who Pays Tariffs?
16:00 – Trump’s Business Misunderstanding
17:00 – Consulting Experience
20:56 – Retail's Inability to Absorb Tariffs
22:06 – Consumer Spending Multiplier Effect
23:04 – Tax Cuts
24:24 – SALT Deduction Cap Expansion
29:04 – Erosion of Democratic Norms
30:02 – Trump Targeting Media & Corporate Deals (Paramount Example)
33:02 – Investing in a Dictatorship
34:36 – Lockheed vs Boeing Fighter Jet Contract (F-47)
36:34 – Retreat to Cash
36:41 – GEO Group as a Trump-Era Investment
41:27 – Investing Under Trump
43:03 – ICE Deportation
46:17 – Damage to the American Dream
49:18 – Seeking Stocks Matching New Criteria
50:23 – Market Rejection at 6,000
53:08 – Dollar Decline and Market Misperception
57:00 – Currency Indexes and Dollar Devaluation
58:26 – Moody’s US Credit Downgrade and Implications
1:00:01 – Debt downgrade and SALT deductions
1:01:05 – Spending cuts and social programs
1:03:36 – Bond risk and rising interest costs
1:05:22 – Budget deficit and interest burden
1:07:03 – Debt rollover at higher rates
1:08:15 – Cost shifting to states
1:10:04 – FEMA and disaster funding cuts
1:13:18 – Debt growth under Trump
1:14:00 – Corporate tax avoidance
1:17:01 – GDP manipulation and debt-to-GDP issues
1:18:05 – Tax burden on workers vs corporations
1:21:03 – Climate science suppression
1:23:04 – AI and authoritarian control
1:24:23 – Trump tax policies
1:25:58 – Cuts to healthcare and clean energy
1:26:39 – Interest rate spiral risk
1:31:04 – Projected Trump-era debt
1:31:46 – Bond market instability
1:35:58 – Tariff effects on consumers
1:36:48 – State budget stress
1:37:56 – Dollar devaluation
1:38:32 – Risk of credit freeze
1:40:01 – Move to cash and safety
1:40:27 – Zephr AI update
1:42:02 – Missile defense spending
1:44:02 – Retail stock outlook
1:45:36 – Safe havens: gold vs bitcoin
1:46:01 – Analyst stock review process
1:47:04 – Google and AI risk
1:47:34 – Pfizer
1:51:45 – Housing and timber investment
1:54:43 – Portfolio rebuilding plan
1:57:06 – Investment risks under Trump
1:58:49 – Short-term income strategies
2:00:01 – IMAX put-selling example
2:03:43 – Allocation strategy
2:05:12 – Portfolio building process
2:06:03 – IRA strategy overview
Phil’s Weekly Trading Webinars provide an excellent opportunity to see what we do at PSW.
