Quote:
Originally Posted by Leondros
Speaking to Goldman and JP Morgan this morning both their ultimate bear models had far lower tariffs than what was actually presented. Not only that, their models did not predict such drastic tariffs on so many countries integral to US consumer products. The fact Taiwan (ignoring the fact that the US actually formally recognized them as a country on that board) was on there and a key strategic partner for the US in terms of national security and military was also a shock. The plan was just not well thought out by all metrics.
|
I think it's perfectly well thought out if it's the Kremlin doing the thinking.
Usually the rule is to never ascribe to malice what can equally well be explained by incompetence, but in this particular instance I think we need to be careful not to declare incompetence when there is evidence of malice.
If you take that view, just about everything the US has done in the past 2.5 months starts to make sense.