WEBVTT 1 00:00:01.080 --> 00:00:07.559 It's night Side with Dan Ray. I'm telling you Boston's video. 2 00:00:08.119 --> 00:00:11.039 Sorry, well, we're welcome back everybody ten o'clock hour here 3 00:00:11.039 --> 00:00:13.080 on nights. I thank you very much, Dan Watkins. It 4 00:00:13.199 --> 00:00:16.559 is a pennal eight or so at this point, and 5 00:00:16.920 --> 00:00:17.600 we have been. 6 00:00:17.519 --> 00:00:21.239 Following the ups and downs of the stock market, the 7 00:00:21.359 --> 00:00:25.160 dramatic ups and downs of the United States stock market 8 00:00:25.600 --> 00:00:34.880 well for the last six editions of Nightside, beginning last Thursday, Friday, Monday, Tuesday, Wednesday, 9 00:00:35.079 --> 00:00:36.039 and today. 10 00:00:37.000 --> 00:00:41.799 The market had a huge day yesterday across the board, 11 00:00:42.039 --> 00:00:52.119 up up Wednesday on the Nasdaq, the S and P 12 00:00:52.320 --> 00:00:55.000 five hundred, the S and P on Wednesday was up 13 00:00:55.679 --> 00:01:02.159 nine point five two percent, Jones, the Dow was up 14 00:01:02.479 --> 00:01:07.480 twenty nine hundred points yesterday. The thirty sec thirty stock 15 00:01:08.719 --> 00:01:13.640 group of companies skyrocketed yesterday. Well today it kind of 16 00:01:13.680 --> 00:01:16.280 went back in the opposite direction. The S and P 17 00:01:16.400 --> 00:01:19.120 five hundred down three and a half percent. On Thursday, 18 00:01:19.680 --> 00:01:24.200 the Dow tumbled a thousand points, down two point five percent, 19 00:01:24.640 --> 00:01:27.560 and the Nasdaq Tech heavy NASDAK as they say, down 20 00:01:27.760 --> 00:01:31.799 four point three one percent. How do you make any 21 00:01:31.840 --> 00:01:35.719 sense of this? And what should you do? There's someone 22 00:01:35.719 --> 00:01:38.319 who I have talked to. He's not a stock picker. 23 00:01:38.400 --> 00:01:43.120 He's not a financial analyst, although I'm sure he could 24 00:01:43.200 --> 00:01:46.760 he could be that he's one of the smartest guys 25 00:01:46.799 --> 00:01:51.680 I know. Tatsu Eketa uh Tatsu is the CEO of 26 00:01:51.719 --> 00:01:55.400 a company called tech Health Ventures, co founder of refers 27 00:01:55.439 --> 00:01:59.519 ship AI. He has twenty five years of experience in 28 00:01:59.599 --> 00:02:03.560 technology consulting, business leadership to his analysis of the intersection 29 00:02:03.640 --> 00:02:08.159 between policy, economics and technology. Graduate of Carnegie Mellon, which 30 00:02:08.199 --> 00:02:12.120 I think is probably the school that has the smartest 31 00:02:12.159 --> 00:02:15.400 people in the world. Tats, who has run five businesses, 32 00:02:15.439 --> 00:02:21.439 served on nonprofit boards of directors. His expertise includes blockchain, cryptocurrency, 33 00:02:21.520 --> 00:02:26.520 tech startups, cloud computing, iOS, app development, and network infrastructure. 34 00:02:26.919 --> 00:02:31.280 Speaks on AI, Python development, emerging technology. He also writes 35 00:02:32.439 --> 00:02:37.919 and he publishes on substack. Tatsu ikeda welcome tonight'side. How 36 00:02:37.960 --> 00:02:38.520 are you, sir? 37 00:02:39.599 --> 00:02:41.919 Good? Thank you Dan. Good to be with again. 38 00:02:42.680 --> 00:02:45.599 Yes, I'll tell you it's great to have you back, 39 00:02:45.680 --> 00:02:49.800 that is for sure. So we'll start off with general questions. 40 00:02:49.840 --> 00:02:53.439 You have I think a brilliant piece, a brilliant piece 41 00:02:54.080 --> 00:02:59.199 that you released. I guess it was April ninth, which 42 00:02:59.240 --> 00:03:04.280 would have been yesterday. Trump's tariffs, trade reset or market disruption. 43 00:03:04.400 --> 00:03:08.080 That's the question behind Wall Street market bro panic, Liiza 44 00:03:08.159 --> 00:03:13.000 more nuanced reality. The US consumer economy remains the ace 45 00:03:13.080 --> 00:03:17.120 up the sleeve and global trade negotiations. So we're going 46 00:03:17.199 --> 00:03:21.319 to break this down. First of all, tell us a 47 00:03:21.360 --> 00:03:25.159 little bit about what you do. You write, you think, 48 00:03:26.120 --> 00:03:32.120 you publish. What amazes me is that your article, which 49 00:03:32.159 --> 00:03:36.439 is easily acceptable, accessible, I should say at your website 50 00:03:36.800 --> 00:03:40.000 not only is in written form, but it's also in 51 00:03:40.240 --> 00:03:44.439 verbal form. Do you want to tell us how that's done? 52 00:03:44.960 --> 00:03:49.400 Sure, So I publish on substack because I'm a little 53 00:03:49.439 --> 00:03:52.080 too good for the New York Times. Just kidding. 54 00:03:53.759 --> 00:03:56.479 They should be so lucky, they should be so lucky tat, 55 00:03:56.520 --> 00:03:57.199 So go ahead. 56 00:03:59.400 --> 00:04:03.560 Yeah. So I try to write in a very accessible manner, 57 00:04:03.560 --> 00:04:07.680 as you say, for general readers, but try to try 58 00:04:07.719 --> 00:04:12.080 to explain very high level concepts. So you know, I 59 00:04:12.120 --> 00:04:16.920 try to teach PhD material to twelfth grade students, and 60 00:04:17.399 --> 00:04:21.279 that's how I that's how I approach my writing. And 61 00:04:22.120 --> 00:04:24.959 I do take cues from New York Times because they 62 00:04:25.319 --> 00:04:31.000 have a very good narrative form in terms of how 63 00:04:31.120 --> 00:04:38.160 people accept journalism. So then I take that article that 64 00:04:38.199 --> 00:04:41.079 I write and I try to keep it short, you know, 65 00:04:41.160 --> 00:04:45.079 three thousand words, and then I feed it into AI, 66 00:04:45.680 --> 00:04:50.680 which can now generate a podcast for me. And so 67 00:04:50.800 --> 00:04:54.800 that podcast is about seventeen minutes. It actually makes it 68 00:04:54.839 --> 00:04:57.399 in three minutes, which is kind of amazing if you 69 00:04:57.399 --> 00:04:58.000 think about. 70 00:04:57.839 --> 00:05:02.720 It, because I was listening to the podcast, and as 71 00:05:02.639 --> 00:05:04.560 a matter of fact, today I asked you, you know, 72 00:05:04.639 --> 00:05:09.319 who are your narrators? Those are a that's AI technology there, 73 00:05:09.879 --> 00:05:13.639 it's yes, it's it's generated voices. Is what it is. 74 00:05:13.839 --> 00:05:17.480 Was the male and a female voice, which basically can 75 00:05:17.600 --> 00:05:22.240 walk people through your article. Your articles are so direct 76 00:05:22.439 --> 00:05:26.720 and clear that when I say they're easy to read, 77 00:05:27.600 --> 00:05:30.160 they can be. They're challenging, and they will. They don't 78 00:05:30.240 --> 00:05:32.959 use baby words or anything like that, but it's very clear. 79 00:05:33.040 --> 00:05:37.120 So let's start off a little bit with with this article, 80 00:05:37.160 --> 00:05:40.680 and if people want to join the conversation, you break 81 00:05:40.680 --> 00:05:43.800 it down into like sub sections. Okay, it's only three 82 00:05:43.800 --> 00:05:49.160 thousand words. So the introduction you is entitled predictable market 83 00:05:49.480 --> 00:05:54.920 market panic. Predictable market panic with a nice cartoon of 84 00:05:55.079 --> 00:06:01.000 tariffs some Wall Street. It looks like people with telephones 85 00:06:01.040 --> 00:06:09.240 that they are markets plunge. Algorithm algorithm algorithm algorithm panic, 86 00:06:09.519 --> 00:06:13.639 the parents that work correctly algorithm panic. Explain to my 87 00:06:13.759 --> 00:06:16.839 audience what algorithm panic means. 88 00:06:18.399 --> 00:06:22.040 Well, it means that most of the stock market activity 89 00:06:22.279 --> 00:06:27.439 that you follow, if you follow at all, is mostly computerized, right, 90 00:06:27.600 --> 00:06:34.639 So it's automated, and so the trading practices or algorithms 91 00:06:34.680 --> 00:06:40.600 if you want, are mostly computer controlled, and it's it's 92 00:06:40.639 --> 00:06:44.600 steered by human behavior. So and that's the panic that 93 00:06:44.680 --> 00:06:48.079 we talk about. But so so it's. 94 00:06:47.959 --> 00:06:50.560 Not it's not it's not like five hundred traders on 95 00:06:50.600 --> 00:06:56.040 the floor making individual decisions and cumulatively that becomes the 96 00:06:56.680 --> 00:06:59.079 direction of the market, which is what it used to be. 97 00:06:59.839 --> 00:07:04.519 Now as there's algorithms that have been put into computers 98 00:07:04.720 --> 00:07:07.680 which say, if all of a sudden, uh a video 99 00:07:08.040 --> 00:07:12.480 uh drops two percent, then it's time to really sell, 100 00:07:12.680 --> 00:07:16.279 uh and and and and and nothing's going to stop 101 00:07:16.279 --> 00:07:19.800 that from selling, right. Uh. 102 00:07:19.879 --> 00:07:23.319 There's there are things called like stop losses and other 103 00:07:24.000 --> 00:07:28.800 jargon to basically cut your losses at a certain point 104 00:07:29.079 --> 00:07:32.279 and sell. And so that's that's what's going on. You know, 105 00:07:32.439 --> 00:07:37.879 everyone's like in a panic, sell because some guy decided 106 00:07:37.920 --> 00:07:41.759 to put some teras and by the way, you can, 107 00:07:42.120 --> 00:07:45.680 you can catch uh all the all all the articles. 108 00:07:45.800 --> 00:07:49.439 It's called tap this newsletter on sub stack by the way. 109 00:07:49.160 --> 00:07:53.079 Yeah, we'll we'll get that. And and I yeah, that's 110 00:07:53.319 --> 00:07:55.680 that's going to be easy. We'll give up, certainly, we'll 111 00:07:55.879 --> 00:08:02.160 we'll mention that. So, so you talked that he said 112 00:08:02.160 --> 00:08:07.439 critical facts behind the hysteria, Behind the hysteria you talk about, 113 00:08:07.560 --> 00:08:11.639 you know, President Trump, you know, imposes this ten percent 114 00:08:11.800 --> 00:08:16.079 tariff on all the imports on April fifth and then 115 00:08:16.399 --> 00:08:21.519 targeted rates on China. And is that a personal thing 116 00:08:21.560 --> 00:08:25.519 with Trump? Do you think or is your analysis that 117 00:08:25.759 --> 00:08:28.199 this is actually thought through, because many of my listeners 118 00:08:28.240 --> 00:08:31.800 are beginning to doubt the wisdom of the guy that 119 00:08:31.839 --> 00:08:32.759 wrote Art of the Deal. 120 00:08:34.399 --> 00:08:38.519 Right. Well, he's been very consistent since the nineteen eighties. 121 00:08:38.759 --> 00:08:42.799 It's very easy to find videos with him on Oprah. 122 00:08:43.159 --> 00:08:46.440 You know, I'm not sure what you're in nineteen eighties, 123 00:08:46.440 --> 00:08:53.919 but he's been railing this message that America has unfayed 124 00:08:54.159 --> 00:09:00.679 unfair trade partners across the world, whether it be you know, Japan, China. 125 00:09:00.799 --> 00:09:04.840 He's been saying this for decades and so he's trying to, 126 00:09:05.440 --> 00:09:10.600 you know, reset the position of the US as a 127 00:09:10.639 --> 00:09:14.919 trading partner, not just for you know, balancing our budgets, 128 00:09:15.480 --> 00:09:20.519 but also to bring back industry to the US. And 129 00:09:20.759 --> 00:09:24.320 you know, there's examples of this that have worked in 130 00:09:24.360 --> 00:09:29.919 the past. So yeah, I think I think he's making 131 00:09:29.919 --> 00:09:33.679 a bold move. He you know, he might might say 132 00:09:33.720 --> 00:09:38.399 it's gambling, but I think it's an educated, educated one, 133 00:09:38.840 --> 00:09:41.840 and one with few downsides, right. 134 00:09:41.720 --> 00:09:43.799 Okay, So so so let me ask you a question. 135 00:09:43.879 --> 00:09:46.879 As a historian, and you're a pretty good historian, it 136 00:09:47.039 --> 00:09:51.279 seems to me that our generosity to the rest of 137 00:09:51.320 --> 00:09:55.759 the world may have begun post World War Two with 138 00:09:55.919 --> 00:09:58.840 the Marshall Plan to rebuild Europe. Am I far off 139 00:09:58.879 --> 00:09:59.679 point on that. 140 00:10:00.919 --> 00:10:06.279 Yeah, And there after World War Two we rebuilt Germany, 141 00:10:06.639 --> 00:10:10.879 we rebuilt Japan, like I, for example, I like to 142 00:10:10.879 --> 00:10:15.879 collect antiques that they made and occupied Germany or made 143 00:10:15.960 --> 00:10:22.799 and occupied Japan, and so literally rebuilt their industries and 144 00:10:23.080 --> 00:10:27.480 they had you know, think they made car companies, electronics 145 00:10:27.519 --> 00:10:33.200 and so forth. But then they started to retaliate on us, right, 146 00:10:33.559 --> 00:10:38.600 so they instituted their tariffs, which no one talks about today. Strangely, 147 00:10:38.919 --> 00:10:42.440 because like, if terrorists are such a bad thing, why 148 00:10:42.480 --> 00:10:44.559 does it work for the rest of the world because 149 00:10:44.600 --> 00:10:45.679 they do it to us. Right. 150 00:10:46.320 --> 00:10:50.279 I read a statistic that said ninety four percent of 151 00:10:50.360 --> 00:10:54.840 the cars in Japan are manufactured in Japan and that 152 00:10:54.919 --> 00:11:00.279 they import only six percent. That is that it's a 153 00:11:00.480 --> 00:11:07.320 very interesting statistic that they're able to control the infusion 154 00:11:07.600 --> 00:11:10.919 of foreign made cars into their country. Obviously they see 155 00:11:10.960 --> 00:11:12.720 that as something that's beneficial to. 156 00:11:12.639 --> 00:11:17.519 Them, right, Yeah, So if it works for them, like 157 00:11:17.919 --> 00:11:23.480 can't we why why can't we allow ourselves as Americans 158 00:11:23.480 --> 00:11:26.879 to try to do the same thing. Like it's a 159 00:11:27.000 --> 00:11:34.200 very confounding idea that if currents work for other countries, 160 00:11:34.480 --> 00:11:37.000 why can't we make some work for us. 161 00:11:37.159 --> 00:11:39.080 It's sort of what's good for the goose is good 162 00:11:39.080 --> 00:11:43.320 for the gander argument, I guess, when reduced the most 163 00:11:43.320 --> 00:11:47.399 simple form. But my guest is Tatsu Ikeda. He is 164 00:11:47.440 --> 00:11:50.960 a writer and a thinker. He is an expert on 165 00:11:51.159 --> 00:11:54.919 so many areas that I know little or nothing about. 166 00:11:55.799 --> 00:12:00.360 I stand in in absolute admiration in awe of his 167 00:12:00.559 --> 00:12:04.440 knowledge base. If you had any questions about any of 168 00:12:04.480 --> 00:12:07.440 the related topics that we mentioned earlier, and you'd like 169 00:12:07.480 --> 00:12:11.120 to ask a question or compare your your point of 170 00:12:11.200 --> 00:12:13.360 view with Tatsu, would be happy to take your call 171 00:12:13.440 --> 00:12:17.159 six one seven, two five four ten thirty or seven 172 00:12:17.279 --> 00:12:21.600 six one seven uh six one seven nine three one 173 00:12:21.799 --> 00:12:24.120 ten thirty. So we got six one seven two five 174 00:12:24.120 --> 00:12:26.519 four to ten thirty and six one seven nine three 175 00:12:26.600 --> 00:12:29.600 one ten thirty. We're going to walk through this. There's 176 00:12:29.639 --> 00:12:34.240 also have some amazing statistics that Tatsu has in this 177 00:12:34.440 --> 00:12:38.399 article that talks about how quickly our stock market has 178 00:12:38.440 --> 00:12:42.080 recovered and if the past is prologue. I think we 179 00:12:42.120 --> 00:12:44.279 should talk about those issues, and we'll do that when 180 00:12:44.279 --> 00:12:46.879 we get back on Nightside. Feel free to join this conversation, 181 00:12:46.960 --> 00:12:49.840 whether you agree or disagree. I think we'll all learn 182 00:12:49.919 --> 00:12:52.919 quite a bit in the next next forty minutes or so. 183 00:12:53.000 --> 00:12:57.279 Coming back on Nightside, It's Nightside with Dan Ray on 184 00:12:58.960 --> 00:12:59.919 Boston's Lose Right. 185 00:13:02.320 --> 00:13:07.480 We're joined by Tatsu Ikeda and Tatsu, you have a 186 00:13:07.600 --> 00:13:12.279 graph in your article in Substack which I think is 187 00:13:12.360 --> 00:13:19.080 really interesting, and that graph breaks down the recent you 188 00:13:19.159 --> 00:13:21.679 go back to Black Monday nineteen eighty seven, the two 189 00:13:21.720 --> 00:13:25.559 thousand Dot Com bubble, the two thousand and eight financial crisis, 190 00:13:25.600 --> 00:13:29.679 the twenty twenty COVID nineteen crash, twenty twenty two inflation, 191 00:13:29.879 --> 00:13:33.639 inflation rate, hike and the twenty twenty four tech correction, 192 00:13:33.919 --> 00:13:40.720 and it's amazing that steep Wall Street losses, for the 193 00:13:40.759 --> 00:13:43.960 most part, we're restored pretty quickly, much more quickly than 194 00:13:44.000 --> 00:13:46.679 I think most of us. Remember, explain, you don't have 195 00:13:46.720 --> 00:13:49.799 to hit all the numbers, but explain it's the principle 196 00:13:49.840 --> 00:13:53.120 that you seem to have found in this market recoveries 197 00:13:53.159 --> 00:13:55.440 after major crashes. Graph that you developed. 198 00:13:56.559 --> 00:14:05.039 Yeah, sure, sir, vocabulary and terminology around market dips tends 199 00:14:05.039 --> 00:14:09.919 to be greatly exaggerated. And if you look at the headlines, 200 00:14:10.440 --> 00:14:13.159 you would say that, oh my god, the stock market crashed, 201 00:14:13.840 --> 00:14:19.279 and you know, define the word crash basically. So I 202 00:14:19.279 --> 00:14:25.399 actually wouldn't consider the current dip in our correction as 203 00:14:25.440 --> 00:14:29.519 the finance bros like to say, as a crash, because 204 00:14:30.679 --> 00:14:34.840 it's not even to the levels of COVID the twenty 205 00:14:34.960 --> 00:14:39.720 twenty crash and the twenty twenty crash. I mean, how 206 00:14:39.759 --> 00:14:43.120 long did it take to recover that, like nine months? 207 00:14:43.440 --> 00:14:48.039 And then the stock market continued to actually record highs, right, 208 00:14:49.000 --> 00:14:53.279 so just just nine months under a year, and that 209 00:14:53.559 --> 00:14:57.159 we were back to boom times. And the boom times 210 00:14:57.159 --> 00:15:02.000 were for people, people in finance, people on Wall Street, 211 00:15:02.399 --> 00:15:06.840 not not for us, you know then the normal citizenry 212 00:15:06.879 --> 00:15:11.120 who got fourteen dollars in COVID relief for some some 213 00:15:11.240 --> 00:15:13.200 business loans or you know things like that. 214 00:15:13.720 --> 00:15:17.000 Sure, so what what So as you look at this, 215 00:15:17.720 --> 00:15:22.159 there's there's some wildcards on the table here. We have uh, 216 00:15:22.320 --> 00:15:27.960 these uh, these tariffs which were first imposed and then 217 00:15:28.039 --> 00:15:32.600 withdrawn and ninety day cooling off period. Where do you 218 00:15:32.679 --> 00:15:35.799 think will be ninety days from now? Do you think 219 00:15:35.840 --> 00:15:40.639 that President Trump will get many of these other nations, 220 00:15:40.639 --> 00:15:44.039 probably not all, but many other nations around the world 221 00:15:44.039 --> 00:15:49.720 to comply with these reciprocal lower tariffs. Or do you think, uh, 222 00:15:49.879 --> 00:15:53.480 the world is going to stand up to to the 223 00:15:53.559 --> 00:15:57.559 United States and say, no, we're not gonna We're not 224 00:15:57.600 --> 00:15:59.279 going to cooperate. What's your guess? 225 00:16:00.919 --> 00:16:05.399 Well, I hate to uh make an unintentional toun but 226 00:16:07.039 --> 00:16:11.759 the US economy is basically a consumer economy, and that's 227 00:16:11.840 --> 00:16:17.200 Trump's trump card, right. So we we buy everything, most 228 00:16:17.200 --> 00:16:21.320 of the products in the world from every country, and 229 00:16:22.879 --> 00:16:26.679 every every country exports to us. So if we stop 230 00:16:26.720 --> 00:16:30.039 buying from the rest of the world, everyone else goes 231 00:16:30.080 --> 00:16:33.320 out of business. That's It's as simple as that. So 232 00:16:35.000 --> 00:16:40.200 that's that's a very very persuasive card to, you know, 233 00:16:40.320 --> 00:16:42.879 put down on a table if you're playing poker. 234 00:16:43.279 --> 00:16:47.159 And so I think so, then then let me ask 235 00:16:47.159 --> 00:16:51.720 you this is President Trump smart to as opposed to 236 00:16:51.840 --> 00:16:56.720 sticking with the Plan Plan A. Is he smart to 237 00:16:56.879 --> 00:16:59.679 have said, Okay, we'll take a ninety day cooling off 238 00:16:59.679 --> 00:17:01.519 period and we'll try to get as many of these 239 00:17:01.559 --> 00:17:05.359 negotiated as possible. I mean, did he make a mistake? 240 00:17:05.480 --> 00:17:08.400 You're not doing that initially it would be the flip 241 00:17:08.440 --> 00:17:09.200 side of that question. 242 00:17:10.720 --> 00:17:13.799 Oh no, I think it was wise to, you know, 243 00:17:14.000 --> 00:17:18.599 throw down a very hard hand on the table, just 244 00:17:18.680 --> 00:17:22.480 bang your hand on the table and say enough, you know. 245 00:17:23.200 --> 00:17:27.640 And he needs ninety days because there's going to be 246 00:17:27.680 --> 00:17:30.160 a lot of negotiations with a lot of different dustries. 247 00:17:31.440 --> 00:17:33.319 So he's going to have to have a lot of 248 00:17:33.359 --> 00:17:39.319 his administration deal with all these individual deals. So I 249 00:17:39.319 --> 00:17:43.880 mean just just imagine if you're the RS and you 250 00:17:44.000 --> 00:17:48.759 have a million people not paying their taxes, Like, what 251 00:17:48.799 --> 00:17:52.279 are you going to do? You need time to sort 252 00:17:52.319 --> 00:17:57.119 that out. So it's okay, moratorium, come to us, or 253 00:17:57.200 --> 00:18:01.160 we'll come to you. Let's talk it out. Well, that's 254 00:18:01.200 --> 00:18:02.000 what the ninety day. 255 00:18:01.960 --> 00:18:05.200 Is about will most of these deals have to be 256 00:18:05.279 --> 00:18:08.599 reduced to writing tatsu or are they going to be 257 00:18:10.000 --> 00:18:13.839 handshake deals and you keep an eye on us, We'll 258 00:18:13.920 --> 00:18:15.480 keep an eye on you. And as long as you 259 00:18:15.799 --> 00:18:17.720 as long as you comply, will comply. 260 00:18:19.839 --> 00:18:23.680 Well, I think someone's going to be watching that very carefully. 261 00:18:23.839 --> 00:18:28.640 I think it will be in writing. There's going to 262 00:18:28.680 --> 00:18:33.880 be an opportunity. Trump is going to allow other leaders 263 00:18:33.960 --> 00:18:38.240 in other countries to say face you know, that's the 264 00:18:38.279 --> 00:18:43.680 smart play for him is to let them come to us, 265 00:18:43.799 --> 00:18:46.000 you know, maybe come to the White House, whatever you 266 00:18:46.160 --> 00:18:50.160 want to do, and and make a deal. It's like, Okay, 267 00:18:50.279 --> 00:18:53.440 I made a deal with Trump, I'm good. Vote for 268 00:18:53.559 --> 00:18:53.960 me again. 269 00:18:55.160 --> 00:18:58.880 So how do they How does he avoid more embarrassments 270 00:18:58.960 --> 00:19:00.799 like these Lensky meeting. 271 00:19:02.599 --> 00:19:07.680 Oh yeah, Zolensky, that's just a different case. He almost 272 00:19:07.759 --> 00:19:12.160 had it there. I think Zolensky just had a very 273 00:19:12.359 --> 00:19:17.039 emotional moment. I don't I can't tell you if it 274 00:19:17.079 --> 00:19:21.640 was programmed or not. But it's clear that he was 275 00:19:21.680 --> 00:19:27.759 out of his league. And well he's kind of like 276 00:19:27.839 --> 00:19:33.160 other leaders like uh Natanyahu. He's on a string and 277 00:19:33.720 --> 00:19:37.920 if he doesn't retain power, it's very likely he could 278 00:19:38.000 --> 00:19:42.599 be under prosecution for various other activities in his life. 279 00:19:42.680 --> 00:19:47.039 So yeah, I get you. Yeah, let me take a 280 00:19:47.079 --> 00:19:51.279 quick break. My guest is a tatsu Ikeda. He is 281 00:19:51.400 --> 00:19:55.920 an expert on so many things. I mentioned it earlier. 282 00:19:56.759 --> 00:20:01.440 He's someone who does go ahead, I'm sorry, did you 283 00:20:01.480 --> 00:20:06.799 want to say something? Oh, now I think I'm sorry. 284 00:20:06.000 --> 00:20:08.799 I was. I just got to rap here because they 285 00:20:08.839 --> 00:20:10.160 got to go to the news. I was saying that 286 00:20:10.480 --> 00:20:14.920 you are an expert on a lot of things that 287 00:20:15.480 --> 00:20:21.039 are all sort of coming into play here, things like blockchain, cryptocurrency, 288 00:20:21.079 --> 00:20:25.480 tech startups, cloud computing, all of that which in this 289 00:20:26.559 --> 00:20:31.200 new system of trading that we have. And uh and 290 00:20:31.319 --> 00:20:36.559 also international relations, a graduate of Carnegie Mellon. Let's take 291 00:20:36.599 --> 00:20:39.839 a break, and we'll get a newscast and we'll open 292 00:20:39.880 --> 00:20:43.279 this up for phone calls as well. Six one, seven, two, five, four, 293 00:20:43.400 --> 00:20:46.240 ten thirty six one seven, nine, three, one, ten thirty. 294 00:20:46.640 --> 00:20:52.640 It has been a crazy week now eight days. It's 295 00:20:52.680 --> 00:20:55.440 been a it's been a rough time. But if you 296 00:20:55.519 --> 00:20:59.079 listen to tatsu uh, it makes some sense of it. 297 00:20:59.319 --> 00:21:02.839 Uh and and sees some structure that may be many 298 00:21:02.839 --> 00:21:05.079 of us in the moment of panic don't see. And 299 00:21:05.119 --> 00:21:07.480 that's why I'm having him with us tonight, and that's 300 00:21:07.480 --> 00:21:10.519 why he's kind enough to give us some time. He 301 00:21:10.559 --> 00:21:13.359 writes for sub stack, and we'll give you all sorts 302 00:21:13.400 --> 00:21:19.319 of ways to follow his writings. And it's amazing how 303 00:21:20.160 --> 00:21:25.839 clear he is with explaining really complicated concepts. And then 304 00:21:25.960 --> 00:21:29.680 he takes that article that he's written again proximately three 305 00:21:29.720 --> 00:21:38.559 thousand words, and transposes it into an AI generated conversation 306 00:21:38.680 --> 00:21:40.960 of about seventeen minutes. So you can read the article, 307 00:21:41.119 --> 00:21:43.519 listen to the article, or do what I did and 308 00:21:43.640 --> 00:21:46.400 do both. We'll be back on Nightside with my guest 309 00:21:46.440 --> 00:21:48.400 Tatsu Akda right after this. 310 00:21:49.599 --> 00:21:54.559 You're on Nightside with Dan Ray on WBZ Boston's news radio. 311 00:21:56.279 --> 00:22:01.559 We're talking with my guest Tatsu Ikeda. He is he's 312 00:22:01.559 --> 00:22:06.519 a thinker, I mean, and he writes for substack. Uh. 313 00:22:06.559 --> 00:22:10.759 And before we get to phone calls Tatsu. The easiest 314 00:22:10.799 --> 00:22:14.279 way they just go to substack and look for your columns, Tatsu, 315 00:22:14.359 --> 00:22:17.279 t A T s U I kDa I K E 316 00:22:17.480 --> 00:22:23.240 d A. Is that the easiest way. 317 00:22:21.599 --> 00:22:23.920 For Tatsu's newsletter? Actually? 318 00:22:24.000 --> 00:22:29.799 Okayst fair enough on at substack at substack. Okay, So 319 00:22:29.799 --> 00:22:33.519 they got to get to substack and look for Tatsu's newsletter. 320 00:22:34.440 --> 00:22:36.799 Let's get to some phone calls and incorporate some of 321 00:22:36.839 --> 00:22:41.359 our listeners into the conversation. Steve is in Cambridge. Steve 322 00:22:41.440 --> 00:22:43.960 is one of my best callers. I always mentioned that, 323 00:22:44.359 --> 00:22:47.599 but I actually firmly believe that, Steve. You're on with 324 00:22:48.400 --> 00:22:49.400 Tatsu kDa. 325 00:22:49.440 --> 00:22:53.359 Go right ahead, Steve Tatsu. Dan is always too kind 326 00:22:53.400 --> 00:22:55.960 to me. But thank you, Dan Tatsu. 327 00:22:56.279 --> 00:22:56.440 Uh. 328 00:22:56.799 --> 00:23:02.000 I'm glad to hear some optimism. Uh. But here is 329 00:23:02.079 --> 00:23:07.119 one argument. I have two arguments. Here's one argument against tariffs. 330 00:23:07.839 --> 00:23:13.160 In the nineteen sixties, we had three automakers, big automakers 331 00:23:13.440 --> 00:23:19.880 in this country, and they were very, very complacent, so 332 00:23:19.920 --> 00:23:22.640 they kept putting out the same product year after Your 333 00:23:22.759 --> 00:23:29.240 heavy cars used a lot of gasoline. And then we 334 00:23:29.279 --> 00:23:37.559 started having Japanese imports, and people preferred those cars. They 335 00:23:37.640 --> 00:23:42.240 got better gas mileage, they were more nimbo then and 336 00:23:42.440 --> 00:23:47.000 only then did our car makers start to innovate, so 337 00:23:47.440 --> 00:23:52.519 that competition actually helped the American auto industry. How would 338 00:23:52.559 --> 00:23:54.720 you respond to that argument. 339 00:23:56.039 --> 00:24:01.279 I totally agree. I don't see the relationship between innovation 340 00:24:01.720 --> 00:24:03.880 and tariffs. 341 00:24:04.240 --> 00:24:07.720 The you know, if we had had if we had 342 00:24:07.759 --> 00:24:10.960 had a high tariff on Japanese cars, they never would 343 00:24:11.000 --> 00:24:14.960 have entered into our market, and then our automakers wouldn't 344 00:24:14.960 --> 00:24:16.880 have had to compete with them, and they would have 345 00:24:16.960 --> 00:24:18.079 just stayed the same. 346 00:24:19.559 --> 00:24:22.519 Right, So I think that's what Trump is going for. 347 00:24:23.559 --> 00:24:26.680 I mean, the ultimate goal would be zero terriffs across 348 00:24:26.720 --> 00:24:28.640 the board for every country. 349 00:24:28.960 --> 00:24:35.119 Right, that's I would that's totally free trade, yes, right, So. 350 00:24:35.400 --> 00:24:39.480 I don't think Trump will get us there because you know, 351 00:24:39.799 --> 00:24:46.440 basically tariffs and US are higher against our tariffs against 352 00:24:46.480 --> 00:24:50.480 the rest of the world essentially, So you know, maybe 353 00:24:50.480 --> 00:24:54.839 if we get to fifty of the difference, that's pretty decent. 354 00:24:55.759 --> 00:25:01.119 And but for example, for the consumer, consumer thinks day 355 00:25:01.160 --> 00:25:04.680 to day. For example, I enjoy cigars. Most of the 356 00:25:04.720 --> 00:25:10.000 cigars come from Central America or the Caribbean. If they 357 00:25:10.039 --> 00:25:13.119 put a terrify it in addition to paying the high 358 00:25:13.160 --> 00:25:16.160 taxes I have to pay for cigars, the price is 359 00:25:16.200 --> 00:25:18.160 going to go up and consumers aren't going to like 360 00:25:18.200 --> 00:25:19.480 that in the short run. 361 00:25:20.720 --> 00:25:25.599 Right, Yeah, there's going to be a lot of turmoil. 362 00:25:25.880 --> 00:25:32.000 I mean, with every innovation, whether it's financial or technological, 363 00:25:33.039 --> 00:25:37.359 there's just going to be lots of turn and some 364 00:25:37.440 --> 00:25:39.880 things will go up, some things will go down. I mean, 365 00:25:39.920 --> 00:25:45.359 if we look at today's news, inflation across the board, 366 00:25:45.920 --> 00:25:47.599 is that record level lows. 367 00:25:48.000 --> 00:25:52.880 Oh I'm so glad to hear that. Yeah, yeah, okay, 368 00:25:53.799 --> 00:25:55.960 I'm waiting for my cigar prices to go down, but 369 00:25:56.000 --> 00:25:58.279 the taxes keep going up, so I guess that's not 370 00:25:58.359 --> 00:25:59.000 going to happen. 371 00:26:00.039 --> 00:26:03.279 Well, gas prices have also dropped in the last couple 372 00:26:03.279 --> 00:26:07.400 of months. There's no question about that, right, Yes, there is, 373 00:26:07.759 --> 00:26:13.000 there is, Yeah, is dropped as well. Go ahead, So. 374 00:26:13.119 --> 00:26:15.680 Let me ask you one question, one more question. Why 375 00:26:15.799 --> 00:26:19.440 is it that all of our news reporting is so 376 00:26:20.400 --> 00:26:25.519 uh negative on Trump's tariffs? 377 00:26:26.839 --> 00:26:27.079 Yeah? 378 00:26:27.160 --> 00:26:31.440 The right, you know, if you want to be a 379 00:26:31.519 --> 00:26:37.680 leftist and call it the far right, ultramaga, whatever names 380 00:26:37.720 --> 00:26:41.119 you want to put to it. I believe that, you know, 381 00:26:41.240 --> 00:26:46.599 Trump is just the epitome of some kind of evil 382 00:26:46.960 --> 00:26:51.440 or something like this, and uh, I find it hard 383 00:26:51.519 --> 00:26:57.240 to accept. You know, He's just human being, and I 384 00:26:57.240 --> 00:27:00.000 think they're just being very rational to be. 385 00:27:00.839 --> 00:27:03.799 You think our media is being irrational because of their 386 00:27:03.839 --> 00:27:05.200 dislike of Trump. 387 00:27:06.720 --> 00:27:10.000 Yeah, that's part of it. The other part of it 388 00:27:10.039 --> 00:27:16.480 is the media is an instrument of you know, various 389 00:27:16.880 --> 00:27:21.200 powerful establishment figures we shall not mention at the moment, 390 00:27:21.960 --> 00:27:27.240 and they're literally, you know, puppets of those people. So 391 00:27:27.480 --> 00:27:32.200 they have a narrative that's pre destined to tell. So 392 00:27:33.599 --> 00:27:34.759 all right, well listen. 393 00:27:35.119 --> 00:27:37.559 Thank you. I'm really really glad that you're on the 394 00:27:37.599 --> 00:27:42.000 show tonight to hear a somewhat different perspective than is 395 00:27:42.079 --> 00:27:47.720 being out there for most of the media. Dan, thank you, Thank. 396 00:27:47.599 --> 00:27:50.359 You absolutely our pleasure. Steve, thank you very much. I 397 00:27:50.400 --> 00:27:54.960 appreciate your call. Let me very quickly. I'm going to 398 00:27:55.039 --> 00:27:59.119 raise some points that are raised Tatsu, and I'd like 399 00:27:59.160 --> 00:28:02.200 to get your response to them. Some who are very 400 00:28:02.200 --> 00:28:05.680 critical of Trump's plans here are saying this is really 401 00:28:05.680 --> 00:28:09.759