Peter Navarro’s Taking Back Trump’s America

The Automatic Destabilizers of a Stagflationary Economy--Navarro’s Market Rap

READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM

Hi. Peter Navarro here with this week’s economy and market rap for the week ending November 17, 2023.  And yes, after a surprise sharp rally over the last three weeks that tallied up almost $3 trillion in gains for stocks, the S&P 500 gapped up on Monday on good inflation news but otherwise remained flat for the week.  So what’s next?

To answer that question, let’s talk a little bit about stagflation and the concept of “automatic stabilizers” over the course of the business and stock market cycles.

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The Mike Huckabee Interview With Peter Navarro in Nashville, Part One

Mike is one of my favorites!  He would have been a PERFECT Vice President for Trump in 2016.  Enjoy.

 

Here's an AI generated transcript, warts and all.  Better than nothing!

 

SPEAKER 2

Hey, Peter Navarro here.

 

Had a great time down in Nashville with the great Mike Huckabee.

 

Here's part one of the interview.

 

Give it a listen.

 

SPEAKER 1

Go to MikeHuckabee.com and sign up for his free newsletter and follow at GovMikeHuckabee on Twitter.

 

Welcome back.

 

The first time Peter Navarro was to appear on our show, the FBI arrested him as he was boarding the flight to get to Nashville to be here.

 

Watch.

 

SPEAKER 2

I was on my way to Nashville today to do a TV appearance with Mike Huckabee show, right?

 

SPEAKER 1

Well, we were thrilled when he did come on a few weeks later to tell the story of being harassed by the Justice Department and the Kangaroo Court of the Sham January 6th Committee.

 

He was later convicted of failing to appear before them because, unlike some people,

 

Peter Navarro actually believes in the Constitution and it's very clear separation of powers provisions.

 

His principle stand has resulted in hundreds of thousands of dollars in legal costs, which he sure hopes people like you and me will help him raise.

 

Peter has a PhD from Harvard.

 

He's been a distinguished professor of economics in several universities, and he's been willing to call out the economic establishment for selling out the USA in a lot of the unfair trade deals that have cost Americans their jobs.

 

President Trump brought him on board from the very beginning of his administration.

 

and he stayed all the way to the end.

 

He bucked the failed trade policies of previous administrations from both Democrat and Republican administrations.

 

And he helped President Trump lead us in a real effort to put America's interests first above those of the multinational corporations.

 

I'll tell you this, I like him because so many of the people that have helped wreck America, they don't like him.

 

So that's all the more reason I really like him.

 

Welcome back to the show, Dr. Peter Navarro.

 

Good to have you back.

 

SPEAKER 2

What I love about coming here besides this place, which is the best venue of any show in America

 

 

 

the Hamas attacks.

 

Everybody in America needs to understand one thing.

 

The Gaza Strip, which is adjacent to Israel, it's 26 miles long.

 

It's three and a half to seven and a half miles wide at its widest.

 

And there's 300 miles of tunnels underneath the Gaza Strip, which are used by the Hamas terrorist group.

 

to first of all import rockets and other weapons from Egypt under the tunnels, and then to conduct all manner of rocket attacks and raids on Israel.

 

And this attack that happened, Mike, was the result of these tunnels stretching underneath the border into Israel and having these people pop up and killing babies.

 

And as our politicians here in Washington are trying to prevent Israel from destroying those tunnels in Gaza for its security, the Israelis are taking a principled stand because that's what they need to do.

 

So as you watch the news, please understand that the reason why the Israelis are in Gaza is to destroy those tunnels in Hamas.

 

That's it.

 

SPEAKER 1

And I think people don't even appreciate that there are more tunnels under that little piece of real estate in Gaza than the entire New York City subway system.

 

SPEAKER 2

Well, look, the one other thing, and I wrote about this in the articles on my substagging, I'm of the Vietnam era, right, the Vietnam War era.

 

And I don't know if you know this, but one of the big reasons why America lost the war in Vietnam, it was the first war we ever lost,

 

was these things called the Tunnels of Cu Chi.

 

And there was a very, very elaborate system of tunnels that the Viet Cong and North Vietnamese had under Saigon, which is now Ho Chi Minh City, that stretched all the way to the Cambodian border.

 

And it was from those tunnels that they launched the Tet Offensive in 1968,

 

which was the turning point in the war.

 

It was from those tunnels they'd pop under Tanzanian Air Force Base and kill Americans.

 

And they launched all manner of sabre attacks.

 

And the problem was the American command did not do anything about those tunnels other than to send some of the bravest men in the world down there with pistols and flashlights.

 

That was our response.

 

And the whole point of the article I wrote was Israel must learn the lesson of the tunnels in Cu Chi in Vietnam

 

And they can't have those tunnels.

 

And so this is where we're at.

 

And it's a very dangerous place.

 

Having Joe Biden there as president is drawing us in to wars in Ukraine, wars now with Iran and China, communist China.

 

It's always communist China, folks.

 

It's just waiting to go after Taiwan once

 

Mike Huckabee

 

SPEAKER 1

When you were in the White House and helping President Trump, we actually were pushing back on the unfair trade deals.

 

It's one of the things that I don't think a lot of people understood.

 

We had been played for chumps.

 

You and the President said, nope, we're not going to let these folks, the communists, just run over us, lie to us, make trade deals that are not good for Americans.

 

And we started making progress.

 

That progress has been lost in the last two years.

 

SPEAKER 2

It started in 2001 when President Bill Clinton, just as his last act, allowed China into the World Trade Organization and access to our markets.

 

And they came in and they broke every rule in the WTO book to destroy our factories,

 

and our jobs.

 

And they took away five million manufacturing jobs, 70,000 factories, and Donald Trump got elected in large part on a platform of pushing back on that.

 

And what we did, and it was a beautiful thing, was the Trump tariffs.

 

Because if they're cheating, if they're subsidizing their exports into the United States, the only way you can offset that is with tariffs.

 

And that's exactly what we did.

 

But the job wasn't even half finished.

 

when 2020 came along and we need him back to finish that job because China takes a trillion dollars from us every year now in the trade deficit and you know what they use that for, Mike?

 

Their military budget.

 

SPEAKER 1

Yeah.

 

We're going to continue that because I want to get more into what we can do to push back with China because you guys were actually getting it done.

 

So there's a lot more to talk about it with Peter Navarro.

 

We're going to be right back after the break.

 

Do not go away.

 

We'll see you in a moment.

 

SPEAKER 2

Okay.

 

Thanks for watching this.

 

Be sure to check out my sub stack at PeterNavarro.substack.com.

 

That's PeterNavarro.substack.com.

Trump In, Ronna Out, Win Baby Win

TRANSCRIPT  http://peternavarro.substack.com

The Republican Party must immediately unite around Donald J. Trump as its presidential candidate.  Republican National Committee Chair Ronna McDaniel must voluntarily pass the torch of leadership to a new RNC Chair capable of running a competent campaign in 2024. 

Absent these two mid-course corrections, the Republican Party will squander a platinum opportunity to take back both the White House and Congress from a Democrat Party destroying everything Main Street America holds dear.

Trump has an insurmountable lead in the polls and a rock-solid base no other candidate can shake.  He WILL be the nominee.

As we saw last week, there is no one left on the debate stage either capable of being president or likely to be Trump’s VP choice.  The Pillsbury Doughboy of Venom Chris Christie has self-immolated as spoiler hit man.  Loudmouth Ramaswamy is, at best, a Deputy Cabinet appointee. 

As for Nikki Haley, yond lean and hungry Cassius has bitten the Trump hand that fed her so many times that she will have NO place in a Trump administration (other than perhaps as ambassador to Botswana).  Ron DeSanctimonious blew his VP chance not just when he swung for Trump’s head.  Shrinking Ron has little national appeal to justify a place on the Trump ticket.

What, then, is the purpose of continuing with a contested primary season that serves only to drain political funds from the General Election?  Why have a debate schedule that allows the Keebler Elf candidates to throw mud at Trump as they make fools of themselves? 

In fact, we saw a similar movie and mud fest in 2020 with all of the usual suspects now hanging around the 2024 fringes.  These Never-Trumpers range from the Koch network’s dark money and Rupert Murdoch’s propagandist Fox to the Romney-McConnell-Ryan-Noonan RINO sappers and nasty PAC men like George Conway and John Bolton.  In 2020, their dark money and negative ads and attacks most certainly shaved points off the final Trump tally in what was a highly contested race.  

And let’s not forget the 2020 fragging of Trump from the likes of endless warmongers like George W. Bush, Mad Dog Mattis, and the late Colin Powell, and the passive-aggressive shots at Trump by Mitch McConnell in a Senate that has become nothing short of a Uniparty RINO embarrassment. 

As splintered as the Democrat Party is supposed to be, their leaders and big donors wouldn’t be doing anything like what the Republican Party is doing.  Now, it’s either “here we go again” and the Republican Party hands over an eminently winnable election to the Democrat Party of economic mayhem, open borders, and foreign policy chaos.  Alternatively, it can unite around “The Donald” as the only clear path to victory in 2024.

Even if Trump quickly becomes the presumptive nominee, there still is the matter of a Republican National Committee.  As last week’s election once again demonstrated, the RNC fat cats know far better how to hold plush fundraisers at posh resorts than win down and dirty elections against a brass-knuckled, grassroots Democrat Party willing to lie, cheat, and lawfare its way to victory.

Here’s several obvious post-election takeaways.  First, the RNC must develop a far better ground game behind them.  It’s not just about getting folks to vote early.  It’s also about getting more folks to the polls. 

Second, if the RNC allows the Democrat Party to turn the 2024 presidential and congressional races into a referendum on social issues, particularly abortion, Republicans will lose in RECORD numbers.  Just how many times do Republican strategists and leadership have to make this same stupid mistake? 

Obama did social issued the feckless Mitt Romney in 2008 when Romney was all but a lock to win on economic issues and Communist China raid on our factories.  Obama did it again to the clueless and ever-cranky, now dear departed John McCain in 2012. 

And what about that 2022 Republican tsunami that was supposed to result in a record House victory?  It never materialized for all manner of RNC-induced reasons, not the least of which was a failure to properly message on the abortion issue.

Dukakis had it right with his Greek proverb that the fish rots from the head down.  The RNC is a rotten political machine sputtering on every single cylinder, and its head, Ronna McDaniel, must hold her own self accountable for last week’s carnage.  So, Ronna, end the debates, endorse Trump, and then step aside so we can, in the words of the immortal Al Davis, “win, baby, win.” 

I’m Peter Navarro, and thanks for listening.  Be sure and check out my substatck at peternavarro.substack. com  That’s peternavarro.substack.com.  And it will help me get the word out if you write up a review of this podcast.  I’d love to know what you think.

Peter Navarro, Out.

A Dead Cat Bounce or Yet Another Bullish Reversal?

GET THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM

Fascinating.  That was my word for the week in this economy and market rap for the week ending November 3, 2023.  Indeed, for a market handicapper like me, this was one of the most interesting weeks in the economy and stock market in recent memory.

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DON'T LET YOUR 401(K) BECOME A 201(K)

This Time the Biden Bear Is Really Here

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PLEASE WRITE A REVIEW!

Hi. Peter Navarro here with this week’s market rap for the week ending October 27, 2023, and recall now that since mid-July, I’ve been warning that cash is king in a stock market in which I clearly feared a bearish trend might develop.

I made this call at the time despite abundant evidence to the contrary as the market was exerting bullish tendencies.  Yet, I saw a long list of problems piling up that I believed would soon turn any bullish sentiment into a bear market rout.

For example, here’s a quote from my July 14^th, 2023, substack which maintained a recommendation of cash over equities despite what was a very bullish week.  Here’s what I wrote:

“It was indeed a very good week for the bulls.  From a purely technical trading perspective, the market trend is clearly up; and on this technical signal alone, US markets, along with markets around the world, are likely to see more green than red days, at least for a while. That said, I remain wary and see lower risk generating income in short term treasuries than rolling the stock dice.”

Then, on August 12, 2023, I wrote as the market trend was indeed beginning to turn:

My bottom line is that cash remains king – with “cash” now earning a nice 5% in, for example, six-month T-bills.  If, however, you want to walk a little bit on the wild side – not offering advice here – a good speculation (not bet) might be SPXU, a 3X leveraged exchange trade fund that shorts the S&P 500.  The Biden bear is coming; it’s only a matter of time.

In the category of “I hate it sometimes when I’m right as I don’t want good American citizens to lose their shirts in the stock market, it would turn out July 31 would mark the abrupt end of the short-term Biden bull.  As this 12-month chart below indicates, the S&P 500 peaked on July 31, 2023 at almost 4,600.