Replacing with tariffs what the government raises from income taxes may require raising tariffs even higher than President Trump’s “liberation” tariffs.
BM: Now we’re in a correction for gold right now, but the amazing thing is that three weeks ago gold went up $300 in three days, and it’s only down $250 in two weeks.
You can’t base a policy on four contradictory premises and expect the system to stay stable. Yet that’s exactly what’s happening – not just in the U.S., but around the world.
Looking at the most recent soft data, I found myself consulting the thesaurus for a stronger word. Spongy? Limp? Squishy? Weak? Those all better fit what I see in business surveys and talking to my own contacts.
