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The Zone is Officially Flooded
The zone is flooded. The market is clearly becoming desensitized to the threat of tariffs as the credibility of threats is mixed. Yes, the tariffs on China are real, but for every utterance there is only X probability of it being true and it’s close to impossible to assess the value of X for each individual threat. We need to go back to the overriding framework of Trump’s communications, as outlined by Steve Bannon in 2019: Steve Bannon: The opposition party is the media. And the media can only, because they’re dumb and they’re lazy, they can only focus on one thing at a time… All we have to do is flood the ... (full story)