It's More Important Than Ever to Ignore the Noise

Summary

Phil warns against Trump’s “ $500 B in v es t m e n t " ann o u n ce m e n t s (pl a t i t u d es; res t o f w or l d i s f i gu r in g o u tt o pl a c a t e T r u m p an d w ai t him o u t) . I n t er na t i o na l b u s in esses a re q u i e tl yre l oc a t in g s t a ff o u t o f t h e U S . E r i c T r u m p c l aimin g " d i g i t a l a sse t sc an s a v e t h e U S d o ll a r "— h e ha s a$ 500M stake in crypto and is blowing his own trumpet. Phil recommends Realonomics (Karim El-Ayoubi, Shepheard-Walwyn) — the first Shepheard-Walwyn book about banking. Jonathan Brown’s podcast interview with Karim is described as “one of the most lucid chats about banking ever.”

Key Claims

International businesses are quietly relocating staff out of the US despite Trump’s “record investment” claims. — confidence: high
Eric Trump’s digital asset promotion is self-interested — he holds a $500M stake. — confidence: high
Realonomics (Karim El-Ayoubi) is described as the most lucid recent book on banking from outside the mainstream paradigm. — confidence: high (Phil’s view)

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It's More Important Than Ever to Ignore the Noise

Summary

Key Claims

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