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 Jul 14, 2023
Friday Jul 14, 2023
VISIT HTTP://PETERNAVARRO.SUBSTACK.COM FOR THE TRANSCRIPT
“Don’t fight the tape” and its more modern-day equivalent “the trend is your friend” are familiar Wall Street cliches that perhaps best capture the market’s present bullish mood. Indeed, this week all major US indices hit 15-month highs.
The propellant for this latest move was seemingly good news on the inflation front. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) beat expectations with lower inflation numbers than estimated, and the Wall Street spin machine used this news to argue that the Fed need not raise interest rates at its next meeting.
Following this news, bond yields fell, and stock prices rose; and the big bet now is on a “soft landing” that will accommodate the bulls. This hoped-for soft landing will, according to the bullish calls, result in a continued decline in inflation without a rise in the unemployment rate.
Fair enough, but let’s first take a deeper look at this week’s actual inflation news.
Listen for the rest of the story...
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