Maybe now that Trump has embraced lowering corporate profits as a policy goal, Mike Pence will be willing to invoke Amendment 25: Josh Barro: China Is Losing Trump’s Trade War—and So Are We: "This is the insanity of the president’s trade war policy: it’s negative-sum.... Trump’s own economic adviser is going on television and saying his policy is going to reduce corporate profits. I wrote a couple of weeks ago about the strange disconnect between financial markets and economic data.... Well, as Bloomberg put it in a headline this morning, 'Bad Stuff the Stock Market Worried About Is Starting to Happen'.... The economy is weakening, and market participants know it, but the weakened performance has not yet shown up in lagging economic data...


#noted #globalization #orangehairedbaboons

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