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It is a principled argument -- even if the stock market had gone up you would still believe that tariffs are bad. If your claim is that it is impossible for the
by andrewla 2y ago
It is a principled argument -- even if the stock market had gone up you would still believe that tariffs are bad. If your claim is that it is impossible for the stock market to go up in the face of tariffs, then you're making a real proposition which can be tested and (let's face it) easily shown to be false.
Blaming the current stock market movement on a reaction to the tariffs is not a valid argument. Saying that tariffs have a negative economic impact is totally valid, and has a lot of evidence to support it.
Trying to offer narrative explanations for market movements is a suckers game; it's just the bloomberg headline generator "Markets <insert direction markets moved> on news of <insert current news>", with no predictive value.
- intended 2y agoI am ex-finance. I didn't get paid for intellectual arguments: > Saying that tariffs have a negative economic impact is totally valid, > narrative explanations for market movements is a suckers game So let me be clearer - I knew in November, that Trump's style of tariffs, were going to tank the economy, which would tank the stock markets which reflects the stock market. The causatory force (not correlatory) of tarriffs is well known, and I've lived in the era where tariffs were commonplace. I've seen an entire economy rise from the ashes when tariffs and protectionism was removed. You are hiding behind an intellectualism in a world where these kinds of blind spots mean someone else is taking your money.