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fblpyesterday at 5:22 PM1 replyview on HN

They do make more money the more pervasive tariffs are though as more people would buy tariff related financial products.


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tfehringyesterday at 5:31 PM

It's true that a volatile environment in general is good for certain types of investment banking business, including facilitating this trade. I nevertheless think it's unlikely - honestly, a galaxy brain take - that Cantor Fitzgerald or other investment banks with influence in the Trump administration would push for policies like unconstitutional tariffs just to drive trading revenue. Maybe the strongest reason is that other, frankly more lucrative investment banking activities, like fundraising and M&A, benefit from a growing economy and a stable economic and regulatory environment.

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