Comment by energy123
14 days ago
Remember the markets are still pricing in some hopeium that Trump will blink or the congress or courts will block the tariffs or that Trump will be impeached if the tariffs do too much damage. As the tariffs remain the markets will continue down.
Trump is everything you don't want in this situation -- ideologically attached to tariffs, not educated in basic economics, cognitively inflexible, tunnel visioned on trade imbalances, possesses a zero sum worldview his whole life, stubborn, shameless, and surrounded by sycophants. It's bad.
I can see congress starting to build the will to block. Sentiment already swung left in special elections merely 3 months into the presidency. In one case Elon contributed 25 percent of all money in what should have been a close election and lost by 10 points.