“They were careless people … — they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made…” (The Great Gatsby)
Why not just impose tariffs on every country, even our best friends? Why not require those countries to negotiate with us for only we can then decide how much we share and with whom? Why not risk throwing the U.S. economy into recession or worse?
Why not? For the perspective of one investor, read this from Howard Marks of Oaktree Capital.
The public can smell incompetence. It may be springtime in America but the smells of our springtime this year are just off. Breathe deeply and see what you pick up.
See also: What it feels like right now!
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