Bits + Bips: Trump’s Tariffs Are Causing Mayhem, But Will They Revive U.S. Manufacturing? - Ep. 811
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CEO confidence is down. They're holding back on CapEx decisions. CapEx means investing in a factory, investing in a new plant, investing in a data center. Meta said they're pulling back on data center. So everyone's paused and in their turtle shell, and that, is going to create a self and an own goal. Yeah.
One question I have is is how are like, what could Trump and the administration do to convince people that this is now the plan? Because, again, I mean, one narrative that I'm that I'm seeing sort of in the air supply a little bit is that all of these tariffs are kind of a negotiating ploy to try to, encourage all these countries that own US debt to, convert to century bonds and and lower our debt burden, lower the price of the dollar, which would theoretically stimulate The US export economy. But then that goes back to the conflicting goals of, onshoring manufacturing, but the cheaper dollar,
everyone. Welcome to Bits and Bips, exploring how crypto and macro collide one basis point at a time. I'm your host, James Safer, trad by archmaester, Lauren of Bloomberg's end. I'm here with Ram Alwalia, Maester of Wealth, leader of Lumida. How's
it going? Good.
Also with Steven Ehrlich, High Scribe of the Unchained Kingdom. Hi, everyone. Today, we're also joined by Quinn Thompson, master of macro at Lecker Capital. Good day. We're here to discuss the latest stories in the world of crypto and macro. Just remember that nothing we say here is investment advice. Please check unchainedcrypto.com/bitsandbips for more disclosures.
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Quick little update before we dive in. Unchained is also launching a new newsletter. It's gonna be called the Bits and Bips newsletter. Steven will be mainly manning that fort, it sounds like. So we get we'll hear a little bit more about that. It's gonna be, updates and topics that we're mostly covering in this podcast, and sometimes we don't get to everything that we wanna talk about, and this will this will be, a a newsletter that gets into some of that stuff. Before we get into Trump's speech, his Liberation Day, announcement of tariffs, Quinn, why don't you, for those that don't know who y
Sounds good. Thanks. Great to be here, guys. First time first time caller, long time listener, first time caller. So I, run Lacker Capital's global macro hedge fund. We kind of invest across assets, try to make money in every environment. And different than most macro hedge funds have a much larger focus on digital assets and Bitcoin and crypto is with the view that, you know, a lot of the outsized returns in in the coming years and is gonna come from from, you know, technological innovation in in the crypto world. So, yeah, we we cover a lot and, you know, I've had some good takes recently th
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