File 033314
Email from Robert Trivers to Jeffrey Epstein Regarding Trump Trade Policy and Investment Strategy (File 033314)
Email from economist Robert Trivers to Jeffrey Epstein discussing divergent views on Trump's trade war policies and their implications for stock market investment strategies and portfolio management.
Summary
Robert Trivers emails Jeffrey Epstein on June 28, 2018, expressing concerns about Trump's trade war policies and their potential negative impact on global GDP. Trivers argues that while an all-out trade war could harm the broader economy by 2-3% of global GDP, it presents market fluctuation opportunities for investors who can quickly capitalize on tariff-related price movements. He contrasts this with TIA-CRF's investment performance, noting that the fund struggles during market perturbations, taking hard hits and mounting feeble recoveries due to its inability to rapidly adjust its portfolio in response to market changes.
From: Robert TriversSent: 6/28/2018 12:27:50 AMTo: Jeffrey Epstein [jeevacation@gmail.com]Importance: Highi think we have divergent views on Trump and trade for obvious reasonsthe best economists say all-out trade war will cost the WORLD 2-3% of its GDPthis can hardly help the stock marketbut the "perturbations" are meat for you—if you can see what to buy and sell ahead of time—or very quickly—in response to the latest tariffs you can beat the systemTIA-CRF can notin good times, it does better than average—here it does distinctly worse—each hit is taken hard, each recoveryis feeble—precisely because it does not change its portfolio or only slowlyHOUSE OVERSIGHT 033314