A Bully Market

“During the Biden years, Trump liked to say that ‘the world is laughing at us.’ Now it really is.” Dana Milbank in WaPo (Gift Article): The bully gets punched in the nose. Part of this article focuses on the comical (unless you invest, hold, use, or like money) tariff negotiations. But as I mentioned yesterday, the tariff chaos is less about TACO (Trump Always Chickens Out) and more about CHALUPA (Congress Has Acquiesced Like Unbelievably Pathetic A**holes).

+ Trump Accuses China of ‘Violating’ Its Trade Agreement With the U.S., Laments Being ‘Mr. Nice Guy.’ (Is this claim about China rooted in reality or a reaction to the TACO claim? Don’t bother trying to answer that. The story will change before you have the chance…)