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I am ex-finance. I didn't get paid for intellectual arguments: > Saying that tariffs have a negative economic impact is totally valid, > narrative explanations
by intended 2y ago
I 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.