Comment by seizethecheese
5 hours ago
Classic hindsight bias. In fact, you could be paying a lot of attention to politics and still think tariffs were not going to go so high. Here's [1] a betting market that regularly was below 5% chance of tariffs above 40% on Chinese imports in first 100 days of Trump's second term.
https://polymarket.com/event/trump-imposes-40-blanket-tariff...
Polymarket isn’t a source for this, lol. Maybe google trends, since there’s no reason to manipulate it. There were also reasons to anticipate the amount of the tariffs, and the absolute stupidity of the tariffs (still reeling from the Heard and McDonald islands tariffs lmao).
If you're so much of a better predictor than Polymarket, then why don't you put your money where your mouth is and make a killing off those manipulators?
This is a strange position to take. Sure, Polymarket has warts, but that doesn't mean it's not a very good source for consensus opinions about the future from the past. Do you think this market was manipulated?
Search “Polymarket manipulated” or similar and examples are legion. You can even do that on hacker news. There’s a lot of incentive to do so.
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