THE current market probably has two camps: the extremely fearful and the extremely greedy. The stock market sell-off resembles the sharp pandemic sell-off five years ago. While much has changed since then, there’s one similarity – the same US president triggered both.
Back then, Donald Trump had the help of the Covid-19 pandemic. Today, he sets off a global meltdown via a tariff policy based on the paper written by Stephen Miran, the chair of the Council of Economic Advisers (CEA) for the current administration.
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