(1/4) The ongoing market response to last week’s US tariff announcement was both predictable and preventable. Even if you agree with the premise of these tariffs, every reasonable effort should be made to give US companies sufficient time to adapt.
(2/4) The opposite has happened, and now financial markets everywhere are in freefall, with catastrophic results for ordinary Americans and for the rest of the world. Retirement savings will be wiped out at enormous scale.
(3/4) As the dollar is weakening, US consumer prices will rise. And countless small and medium-size enterprises are going bankrupt as a result. This is not a winning long-term strategy. The US government can still turn things around, but it must act in the next few hours.
(4/4) This is the moment to own up to a colossal mistake and change course. Otherwise, America will face ruin for years to come.
(2/4) The opposite has happened, and now financial markets everywhere are in freefall, with catastrophic results for ordinary Americans and for the rest of the world. Retirement savings will be wiped out at enormous scale.
(3/4) As the dollar is weakening, US consumer prices will rise. And countless small and medium-size enterprises are going bankrupt as a result. This is not a winning long-term strategy. The US government can still turn things around, but it must act in the next few hours.
(4/4) This is the moment to own up to a colossal mistake and change course. Otherwise, America will face ruin for years to come.