Trade wars, Dysfunctional Behavior, Tweets, Oh My!

Trade wars, Dysfunctional Behavior, Tweets, Oh My!


Why Wall Street Isn’t Freaking About Trump
Tariffs, trade wars! So what? This is what he promised as a candidate.
Bloomberg, June 13, 2018,

 

 

 

Massive tariffs in new trade war!

Ho hum.

G7 Western Alliance Breaks Down!

Yawn.

Rifts Increase Possibility of Global Recession!

Bor-ing.

Ominous headlines have dominated the news since Donald Trump was elected president. A parade of unprecedented events, ranging from trade wars to mind-bending changes in the western alliances, have many on edge.

But not investors.

If there is a single question that I have heard more than any other during the past few months, it is: “How are markets so blasé about the endless threats to financial stability and order from the president?”

Many theories are tossed around. Some resonate more than others. What follows is a short summary of why markets haven’t freaked out over the ongoing spectacle of what used to be called market-moving news, but today merely is the state of the world…

 

Continues at: Why Wall Street Isn’t Freaking About Trump



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