Quote:
Originally Posted by butterfly
Spin, lol. For the thousandth time, I abhor tariffs as they create needless economic inefficiencies that leave people worse off in the aggregate.
Trump was crowing about it before November. He's made no attempt to hide his agenda, which was multiplied by his implied chance of winning and priced into the equity, forex, and treasury markets long before the election occurred. The yield on the 10-year is up 2 basis points today. Huzzah?
People are flipping out like it's a COVID shock. It's just not a big deal. Trudeau handled it today like he should have on Saturday when almost everyone in the media and online were losing their marbles.
We have a republic here, which means there is no "glorious leader". The power rests in the Congress. Is Justin Trudeau your "glorious leader"? Or would that be Stephen Harper? Take a step back and breathe.
|
Oh I see the issue now. You’re just stuck with confirmation bias. Yes, he floated the idea in November 25 and the market didn’t really react. We had a couple months of very little reaction, because no one believed that he would actually put the tariffs in. Now, after the tariffs were scrapped, before implementation, you want to act like this was all known all along and not a big deal.
Meanwhile, anyone who watches the market saw clear as day that the open was down significantly this morning. Of course that wasn’t priced in, otherwise we wouldn’t have seen the decline at the open.