Inverteum Capital on Authentic Intel

My biggest economic fear would be Trump tariffs. 1) Although tariffs alone probably won't cause a recession, the tariffs are being imposed in an economy weak enough to prevent the incumbent president's party from winning. 2) DOGE is cutting government spending, removing dollars from the economy. 3) Tariffs are a regressive tax that disproportionally hurt the working class, which means consumer spending (70% of GDP) will rely more on the rich. 4) The top 10% account for half of all spending (https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571), but the S&P is down 4% YTD, which directly reduces the spending power of the rich.