Bits + Bips: Are the U.S. and China About to Reshape the Global Economy? - Ep. 835
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My kind of controversial, take maybe or out of consensus take would be I I believe that Ethereum is very well placed, and has a kind of unique lane, to compete, in that competition. I
think, American exceptionalism is is back. I don't think that dollar is gonna drop as much as people think. I think bond yields are attractive if they wanna buy that. Eurozone stocks are expensive now. You know, there's no alternative. Hi,
everyone. Welcome to Bits and Dips, exploring how crypto and macro collide one basis point at a time. Today, we're gonna talk about macro, tariffs, Scott descent, China, Stablecoin, the stablecoin bills that almost were, and and a lot more. But first, a few quick intros. I'm Steven Ehrlich, high scribe of the unchained kingdom. I'm here with our soon to be here, Ram Alawalia, Maestro Wealth, leader of Lumida. And we have two special guests. First, joining us for the first time, we have Peter Cheer, first night of the Academy Securities Roundtable, and Zach Pandell, truth seeker of the asset re
Yeah. It's, I started long time ago back in, you know, traditional Wall Street, did a lot of structured product stuff, wound up doing a lot of synthetic CDOs, actually helped create the CDX suite of indices, so the big short fame. I traded about a trillion dollars of credit as a market maker and then at a hedge fund. Then in 02/2009, I started trying to figure out how to work with large asset managers. I built and sold a business, joined academy about eight years ago where I think there's two kind of neat things. There's one, I'd still talk to asset managers, but I spend about half my time tal
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So let let's dive in. China, Trump, hinted at a big China deal yesterday. I think most of us were, I guess, hoping it was gonna be a little more substantive or optimistic than than the Britain deal, which, was encouraging, but but not so much a deal in the traditional sense. Then they came up with the announcement that they're gonna put a ninety day pause on all tariffs and bring them back down to just the the baseline level. Markets were obviously enthusiastic. Ram, why don't you kick us off and and just kind of explain what you think the significance of this is. And and the question really o
Well, the market's discounting a resolution of the trade war and other geopolitical wars, and it looks like Trump is choosing on the side of markets rather than the side of the external revenue service. Ten percent's below market expectations. Think about what were on the Liberation Day placards. The the China tariffs were, I wanna say, in the 45 percentage range. 10% is extremely low on on China. And Trump also said that that they have an intention together with China to open up China's markets. Now what does that mean from a American technology company perspective,
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