> In the last week, Trump has gone wild on the global economy, saying tariffs are the key to American prosperity.<p>> As a result, global stock and bond markets tanked.<p>> The reversal prompted the S&P 500 stock index to climb over 7 percent in just minutes.<p>> Traders with inside information about what Trump was about to do — some of them, presumably, Trump family members and cronies — just made a fortune.
He might not have done it deliberately, but it’s a good method to get the tariffs through without opposition. You have a lower level set first, everyone says about how terrible they are. Then you come out with insane higher tariffs that will ruin the economy. Then you go back to a lower level and capitulate, and people are just relieved that they’re not the ridiculously high levels instead of being up in arms about the original level.