4 ms·
> it is still just a reduction in equity prices of 30%. quantity has a quality of its own. Systems react to large changes. 30% drop without good reason for the
by trhway 2y ago
> it is still just a reduction in equity prices of 30%.
quantity has a quality of its own. Systems react to large changes. 30% drop without good reason for the drop, just because of a political will of small group (as even the wide field of the Trump supporters seem to be surprised by the scale of the action), is large. And given how fast it happened, the system is only starting to react. Even some Republicans started to move about stripping tariff power from President. The Republicans are going to be judged on the tariff effect in 1.5 years - too little time for any good, if any at all supposed to come, effects, more than enough for the bad ones. And Trump is wiggling and backtracking too. People have always been saying that the Big Money rule the politics. We seem to be testing that theory right now as the Big Money got seriously hit, and we're going to see how much power they have.