qinbafrank
qinbafrank|May 21, 2025 04:34
Besant's interview last weekend suggested that Trump's overall policy direction and rhythm had changed. Last weekend, Bessen was interviewed by CNN host Jake Tapper and talked about issues such as Moody's downgrade of the US credit rating, the possibility of a large-scale tax cut bill exacerbating national debt, and the economic uncertainty caused by Trump's tariffs on multiple countries. During this period, Besant made an important statement, emphasizing that economic growth is the key to solving the debt problem (compared to his initial emphasis on "cutting spending is the most important issue"). In the interview, Besent talked about debt being a concern for him all along, and the tax reduction bill has the potential to increase debt, but it can also accelerate economic growth. If 'we will make GDP grow faster than debt, which will stabilize the debt to GDP ratio,' at this point, Bessent also brought up Yellen, who had expressed the same view during Biden's tenure. Besent once again emphasizes that 'the key is growth'! How can we understand his statement? Personally, I think that after Besant took the helm of the White House again, he began to turn Trump's economic and trade policies as a whole: at the beginning of the year, Trump took office to promote the efficiency reform of the D.O.G.E government and wield the big stick policy, with the purpose of resolving the debt problem through throttling and open source. However, due to the imbalance of strength and out of control rhythm, neither the efficiency reform nor the tariff war initiatively launched should have achieved the expected goal by now, but it has brought a huge impact to the market, and also caused Trump's basic market to be shaken. In this situation, a change of strategy is needed: shifting from prioritizing cost cutting and increasing revenue to prioritizing economic growth while also considering cost cutting and increasing revenue. This can be seen as either actively seeking change or being forced to do so passively. Of course, it can also be understood that the statement made by the Besent people is also laying the groundwork for the "Beautiful Bill", which has been discussed before https://((((x.com))))/qinbafrank/status/1916822472177189237? S=46&t=k6rimWSEbo2D2TXolYcM-A and https://(((x.com))/qinbufark/status/1922481643929141596? S=46&t=k6rimWsEbo2D2tXolYcM-A's core is to promote the implementation of the bill. Among Trump's policies, tariffs and spending cuts (what D.O.G.E is doing) are tightening policies; Tax reduction, deregulation, and interest rate cuts are expansionary policies. In the last term of office, Trump first relaxed and then tightened (promoted the tax reduction bill in 17 years and launched the Sino US trade war in 18 years); In the second term of office starting this year, Trump tightened first and then loosened up (he started efficiency reform, cut spending and launched a comprehensive tariff war at the beginning of his term of office; then came the tax reduction bill and went to supervise these. If Besant returns to the helm of the White House and Musk returns to business, does it mean that the current tariffs will come to a hasty end if the future focus is on pursuing growth, https://((((x.com))))/qinbafrank/status/1919901685780250819? s=46&t=k6rimWsEbo2D2tXolYcM-A Of course, it doesn't mean we have to be overly optimistic immediately. Last week here, https://(((x.com))/qinbafrank/status/1922884044729241702? Possible deductions after discussing s=46&t=k6rimWs Ebo2D2TXolYcM-A.
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