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by legitster 476 days ago
It seems like they keep trying it and hoping the markets respond better.

But watching today, it seems like the markets aren't getting tricked anymore.

2 comments

The markets(TM) tend to have a bit of a normalcy/nothing-ever-happens bias, and are overly-willing to discount the possibility of unusual/nonsensical things happening. So, to an extent, even when tariffs were announced, the markets did not entirely believe in them.

However, they are beginning to believe in them now.

I don’t know who needs to hear this in the executive branch, but markets do not like uncertainty.