stock market

Tariffs: Some Perspective

It’s easy to quote a simple internet meme and use it to point to Trump’s tariffs to call him an idiot. Thanks to memes, I now know that his list was generated by internet domain, that it’s a formula based on trade balance, that they’re effectively arbitrary numbers, and that it’s all theater. Thanks to a quick glance at my Robinhood account, I can tell that his tariff talk has wiped out a trillion dollars of other people’s money overnight (and, on paper, $200 of mine).

So, yes, I have cause to be irritated at the man. So do you. Fair enough — so far as it goes.

BUT.

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On Price Stickiness and the Plague

Opinion

Note: The Not Fake News does not give investment advice; the following is opinion only. If you come to us for advice on what to do with your money, you probably deserve what you get anyway, but it needed to be said.

It’s counterintuitive as all get-out, but it’s happening anyway. In the face of massive business closings, record unemployment due to COVID-19, and the Federal government effectively printing trillions of dollars based in nothing but faith in the future, the stock markets nevertheless are booming. So — how is this possible?

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