Hedge fund manager David Einhorn is on CNBC:
- There’s not even the beginning of a plan to do anything about the deficit until it’s a crisis
- DOGE talked about $2 trillion in savings, it maybe found $150 billion
- Tariffs might raise $100 billion
- I don’t understand why the trade deficit is a problem
- I’ll be happy if gold goes to $3500, or $3800 but not if it goes to $30,000
- The administration is ‘building a retreat’
- I don’t see a great incentive for other countries to really negotiate with the US
- I’m pretty sure that in a few months we’ll be talking about other things (than tariffs)
- I don’t think the USA is coming across as a reliable partner
- Says he’s short leveraged MSTR leveraged ETFs and hedged with a long MSTR. Explains it’s a costly ETF to run because it can’t use swaps and must buy high-priced options instead
Einhorn pitcked LanXess, a European company
This article was written by Adam Button at www.forexlive.com.
