We are going to make a trip today to understand what just happened. We are going to go ridiculous attempts to destroy Trump’s prices to the dishonesty of “the art of agreement” BS.
But the real meat arrives in No. 3 where we will talk about the bond market. Because at the heart of everything is the idea of risk.
The United States’s economy has been the center of global finance for 80 years for a simple reason: year after year, we have been the safest place to do business. The basic rules remained constant and when they changed around the margins, they did it slowly and transparently.
Investing money is still risky, but America had the lowest risk level on the planet. Our government, our legal system and our business community worked hard to get there and the awards we harvested for this were enormous.
Donald Trump destroyed 80 years from this work in last week. America is now a risky place to do business. A place where the rules change day by day. Where no company can trust the robustness of its long -term plans or count on its income projections even for the next quarter.
This abstract problem will create real economic difficulties. Let’s dive.
During the last week, certain anti-anti-trum types have pleated as hard as possible to see a healthy version of the Trump pricing diet. Ross Douthat and Ben Thompson (and even Democrats like Governor Gretchen Whitmer And the representative Chris Deluzio) explained how the old free trade regime needed a reform, and the prices are an important tool, and the problem is just that Donald Trump went too far, too without discrimination, and – blah blah blah.
Stop it.
Stop washing this madness. Right away.
Here are three real things:
