It is time to set off the alarm in the White House, there is a panic brewing in the stock and bond markets.
US stock markets are cratering.
You can’t blame it on Joe Biden.
You created the panic, you own it.
Forget your short-term pain for long-term gain.
Prove me wrong. Negotiate lower tariffs in return for getting rid of the punitive ones just announced.
Wouldn’t it have made more sense to announce your tariffs with a 1-3 month window to negotiate before implementing them and not crashing the stock market?
How about postponing tariffs for a month to calm markets and give time to negotiate with other countries?
Otherwise, don’t be like Nero who fiddled while Rome burned.
If not, here is your risk. Iti Is not recession but stagflation, the dirtiest word in the economics dictionary.
You are tying the Fed’s hands to respond to a weakening economy.
Anyone want to buy an Iphone? Â All of its Iphones are made in China?
Anyone want to buy sneakers made in Vietnam, which faces a 46% tariff rate?
How do you plan to get the inflation panic genie back in the bottle? It is a lot easier to spring it free than to get it back in.
How do you plan to restore confidence s it quickly fading?
How will you respond if other countries fail to knuckle under and retaliate like China did by matching the 34% tariff on US exports?
All I have are questions. The ball Is in your court. You own it now so what are ou going to do about it?
Wake Up White House, you have a panic on your hands.
Is there a dawn in front of us or a dusk?
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