03-05-2025, 12:13 AM
Reuters:
They couldn’t believe anyone could really be so dumb (and self-defeating).
They didn’t know Trump
Today’s GOP is bad for business (and has been for a looong time).
What a surprise!
Markets no longer think Donald Trump is full of bluster and are moving quickly to anticipate a slowdown in U.S. and global growth as he raises a wall of tariffs around the world's biggest economy and trading partners start to respond in kind.
They couldn’t believe anyone could really be so dumb (and self-defeating).
They didn’t know Trump
instead of the rising yields and higher dollar that investors had wagered on in November, the so-called "Trump trade" is in full retreat.
…Stocks and bond yields slid on Tuesday as investors globally ducked for cover.
…"The threat of tariffs has run its course for now, so the next phase is to endure them," said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virigina.
"Markets have to price in that reality, and those numbers are painted red."
Today’s GOP is bad for business (and has been for a looong time).
What a surprise!