In yesterday’s commentary, which was prepared earlier in the week, I proposed looking at the estimated tariff shock as equivalent to a new $2/gallon gas tax.
As new tariff announcements have been made through this week, however, that estimate now appears to be too low.
I am traveling to Leen’s Lodge for Camp Kotok next week. I paused yesterday in Bucksport, Maine, looking across the water at Fort Knox (a Civil War-era fort), to comment on the evolving tariff shock in a Kotok Quick Take.
It took a “leaked” grand jury report to reveal this scandal. The damage to Florida business will never be tallied. This scandal rivals the Teapot Dome scandal or the Nixon 18½-minute tape scandal, IMO.
This 25th anniversary year our Camp Kotok group helped the Downeast Lakes Land Trust. The story around this and the broader conservation movement may surprise you.
We address idea of the taking a trillion dollars created out of thin air by the Federal Reserve by repricing the gold certificate on their books and immediately putting it in the Social Security trust fund.
Trump’s first time ever use of Section 338 tariffs has raised risk to the defense investment sector because of the possible change in the Canadian F-35 future purchase decision.
David would love to hear from you. Please Feel free to reach out and send an email.