Source: Gregory Mannarino | Date: February 26, 2026

Investment Research Summary: Gregory Mannarino

Investment Thesis

The U.S. economic decline is not caused by unfair trade practices but by structural issues of dollar debasement combined with unsustainable debt and deficit growth. Tariffs and trade policy adjustments will not solve the fundamental fiscal disease.

Sentiment

BEARISH (on U.S. dollar/fiscal sustainability)

Time Horizon

LONG-TERM (structural economic deterioration)

Key Takeaways

Trade imbalances are being scapegoated as the primary cause of U.S. economic problems
The root cause is dollar debasement paired with exploding debt and deficits ("debt and deficit disease")
Tariffs and tax policy changes cannot cure fundamental fiscal deterioration
Political narrative focuses blame externally rather than addressing internal structural issues
The window for meaningful correction is narrowing ("running out of time for our country")

Market Views

No specific price targets mentioned in this excerpt
Macro theme: U.S. fiscal trajectory is unsustainable and being masked by misdirection toward trade policy
Implied positioning: Likely favors hard assets and non-dollar denominated stores of value given dollar debasement concerns

Assets Discussed

U.S. Dollar - Bearish (debasement narrative)
No specific tickers mentioned in this excerpt

Risk Factors

Policy makers and public unable to recognize the true source of economic decline
Time-sensitive nature of the problem with limited window for correction
Political unwillingness to address debt/deficit issues directly

Notable Quotes

"Tariffs, input taxes, levies are not a cure for a debt and deficit disease."
"We are running out of time for our country."

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