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"You don't turn the Titanic around overnight"
the resulting price drop would bankrupt US oil production
the resulting price drop would bankrupt US oil production
The topic on the agenda remains “latest developments in the transatlantic relations and its implications for the EU.”
Markets clearly believe that Trump's tariff agenda hurts American businesses.
Markets clearly believe that Trump's tariff agenda hurts American businesses.
Markets want to price in TACO. But TACO only works if Trump sees stocks tank.
So we get a loop: Trump does things → nothing happens (markets already priced in TACO) → that emboldens him to do more → until markets start to think he might not TACO → stocks fall → TACO is restored.
Markets want to price in TACO. But TACO only works if Trump sees stocks tank.
So we get a loop: Trump does things → nothing happens (markets already priced in TACO) → that emboldens him to do more → until markets start to think he might not TACO → stocks fall → TACO is restored.