Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Years ago I worked in a lab that was tight on space. One team leader, when space would open up, seemed to know it before anyone else and would grab the space before it was available by going to the next higher boss and tell him that he had a visiting important (for whatever reason) scientist coming and the space needed to be reserved for them. The rest of us adopted the code words "it is reserved for Dr. Comings when he comes" to explain why we needed the space but it remained empty for what seemed forever.
It may seem off topic but the tariff seems to have a rising pain with a promise of a Dr. Wealth Comings in the distant future. The open ended "when it is coming" is a feature to be desired.
Interestingly Ukraine got tariffed (along with uninhabited islands and territories belonging to other countries already tariffed) -- but Russia, Belarus, North Korea, and Cuba didn't.
I don't think ChatGPT could come up with something this daffy if it tried.
Is anyone still wondering who the Orange Thing is working for?
The U.S. president normally can not impose tariffs - this power rests with Congress. To circumvent this minor inconvenience, Donald J. Trump declared a National Emergency to: "Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security." Congress can vote any time to terminate the state of emergency. If tariffs announced on Liberation Day remain in effect for a while, will Congress act or will they do nothing?
On October 19, 2024, The Economist published a special report regarding America’s economy. Their bottom line conclusion: our economy was 'the envy of the world.' Yet, here we are today. It's much too early to determine the exact scope of the repercussions emanating from Trump's gambit. However, these ill-conceived tariffs will cause great economic harm (increased inflation, slower growth, higher unemployment) if left in place. These effects diametrically contradict Trump's campaign promises.
Comments
It may seem off topic but the tariff seems to have a rising pain with a promise of a Dr. Wealth Comings in the distant future. The open ended "when it is coming" is a feature to be desired.
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To circumvent this minor inconvenience, Donald J. Trump declared a National Emergency to:
"Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security."
Congress can vote any time to terminate the state of emergency.
If tariffs announced on Liberation Day remain in effect for a while, will Congress act or will they do nothing?
On October 19, 2024, The Economist published a special report regarding America’s economy.
Their bottom line conclusion: our economy was 'the envy of the world.'
Yet, here we are today.
It's much too early to determine the exact scope of the repercussions emanating from Trump's gambit.
However, these ill-conceived tariffs will cause great economic harm
(increased inflation, slower growth, higher unemployment) if left in place.
These effects diametrically contradict Trump's campaign promises.