🏙️ Tucson’s Booming Industrial Real Estate 📈, Stock Market Gains 💹, and Warnings of Authoritarianism ⚠️

Today’s show discusses the Smoot-Hawley Act regarding Tariffs. A scene from “Ferris Bueller’s Day Off” trends after President-elect Trump announced his tariff plans. In the 1986 film, Bueller’s teacher, played by Ben Stein, discusses how high tariffs affected the US economy after the Great Depression while students zone out. Trump stated on Truth Social that he would impose a 25% tariff on all goods from Mexico and Canada, criticizing open borders. The clip (above) resurfaced as Trump reinforced his tariff promise, referencing the Smoot-Hawley Tariff Act of 1930, which intended to boost the economy but instead led to retaliatory tariffs and worsened the situation.

• “I think labor is less expensive here. I think the cost of living is less expensive.” — Alex Demeroutis, on why Tucson is attractive for industrial development
• “Tariffs as a bargaining tool might make some sense. They also might make some strategic sense when you’re trying to get back to manufacturing stuff that you’ve kind of given up and ceded to elsewhere in the world. But that takes time.” — Shelly Fishman, on the risks of arbitrary tariff imposition
• “I’m very worried about certain trends that I observe or that might come up in the new government. And…