Peter Navarro is one of only three senior White House officials to serve at the right hand of Donald Trump all the way from the 2016 campaign to the end of his first term in 2021. At the Trump White House, Peter was the President’s Chief China Hawk and helped craft many of the tough tariffs and sanctions Donald Trump would impose upon Chinese Communist regime. As the Director of the Office of Trade and Manufacturing Policy, Peter Navarro helped President Trump create hundreds of thousands of manufacturing jobs through tough trade policies, by drafting numerous buy American, Hire American executive orders on behalf of the president, and through targeted interventions at key defense facilities like the Philadelphia shipyard and Ohio’s Lima Army Tank Plant. At one point, Peter also played a pivotal role securing our Southern border by helping to bring about the so-called safe third country agreements with both Mexico and the Northern Triangle countries of Guatemala, Honduras, and El Salvador. During the pandemic, Peter Navarro was also the first to call out Dr. Anthony Fauci for his Never-Trump duplicity and for Fauci’s role in helping the Chinese Communist Party create a deadly viral bioweapon in a Wuhan lab funded by Fauci’s NIH. This COVID-19 virus has already killed millions of people worldwide. Peter Navarro started this podcast as an extension of his book Taking Back Trump’s America. This best-selling book -- please buy it on Amazon! -- has become both the blueprint and battle cry for the modern MAGA movement and Peter’s mission is to return Donald Trump to the White House in the 2024 presidential election and restore peace and prosperity to this great land.
Episodes
Friday Oct 13, 2023
Friday Oct 13, 2023
READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM
Hi. Peter Navarro here with the economy and market rap for the week ending October 13, 2023; and this was one of the strangest weeks I’ve seen in the stock and bond markets in a very long time.
Recall from last week’s missive, I noted a strong bullish reversal in the S&P 500 at the end of the week. After eight weeks of (correctly) calling a bearish downward trend, this reversal warned me off of any notion of shorting the market and reinforced a pure cash call.
Absent further news, I fully expected this week to be in the green for the bulls anticipating a continued downward trend in inflation, no Fed rate hike in November, a continued strong jobs market, and an above trend 3rd quarter GDP growth rate that would augur well for corporate earnings.
Over the weekend, however, the Hamas hit the fan in Israel with the most brutal forms of atrocities. This has triggered all-out war in the Gaza Strip, the specter of another Arab oil embargo, a further drain on both the US arsenal and budget because of anticipated aid, and yet another refugee crisis.
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