Trump on Depression Fears: 'I Don't Want to Be Herbert Hoover'

Summary

President Trump addresses reporters on Iran's potential violation of an MOU, the risk of depression from conflict, and current oil price levels. He states the US economy is doing very well, oil is down significantly, and Iran is buying American corn and soybeans. No actionable trading ideas are presented.

• Trump comments on Iran possibly not abiding by the memorandum of understanding with the US.
• He says the risk of a worldwide depression exists but prefers avoiding conflict, and the US economy is currently strong.
• Oil prices are noted to have fallen significantly and returned near pre-spike levels.
• Iran is exclusively purchasing US corn and soybeans with oil money, per Trump.
• No clear investment thesis or trade recommendation emerges from the exchange.