The $64 Trillion Question

If The Answer Is B, We're Going A Lot Lower

Bill Ackman thinks it's A: 

One would have to imagine that President @realDonaldTrump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect.I would therefore not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals.President Trump has gotten the world’s and our trading partners’ attention and elevated the importance of resolving an unfair tariff regime that has harmed American workers and decimated our industrial base over many decades.This is a critically important issue that needs to be resolved, and we finally have a president committed to getting this done.The problem, however, can’t be resolved in days, so why wouldn’t a pause make sense to give the president time to properly resolve this critical issue and to allow companies large and small the time to prepare for changes in their supply chains?The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.One thing is for sure. Monday will be one of the more interesting days in our country’s economic history.

Sven Henrich is hopeful too. 

READ ON