Scaramucci Says Trade War May Lead to Liquidity Crisis, Sees Trump Winning in 2020

The transcript discusses the uncertainty and volatility in markets due to trade wars, particularly with China. It highlights the potential for a liquidity crisis and the need for strategic trade negotiations. The economic and political implications of tariffs are examined, including their impact on consumers and the upcoming election. The potential for the President to negotiate a favorable deal is also considered.

What is one of the main concerns about the trade war mentioned in the first section?

• It could escalate into a currency war.

• It will stabilize the currency market.

• It will lead to increased employment.

• It will decrease market volatility.

What strategy was suggested for dealing with trade issues with China?

• Increasing domestic production without negotiations.

• Ignoring trade grievances.

• Imposing unpredictable tariffs.

• Teaming up with European countries for collective bargaining.

Why is predictability in economic policies important according to the second section?

• It increases market volatility.

• It leads to higher tariffs.

• It helps in reducing market volatility.

• It discourages foreign investments.

How might increased tariffs affect American consumers?

• They will benefit from lower prices.

• They will face a regressive tax burden.

• They will experience no change in their expenses.

• They will see an increase in disposable income.

What is the potential impact of trade uncertainties on the upcoming election?

• It could lead to a recession before the election.

• It will ensure the president's re-election.

• It will have no impact on voting behavior.

• It might influence voting behavior due to economic pain.