I know little about economics - even less than Donald Trump. But I know enough to trust
economic indicators such as those used by the Federal Reserve . What's more,having had the good fortune of being raised in a
polyglot, working class environment, and having taught in more than one multi-ethnic institution, I know that people, however unacquainted they might be with the specifics of any situation, nonetheless maintain a healthy skepticism regarding that situation. Or, as some might put it, don't
connerie me.
View these of today's economic events through a filter like that just described.
- Day begins with China slapping several billion dollars' additional tariffs on the United States
- Donald Trump responds by Tweet (what else?) that he hereby ordered [ American businesses ] to immediately start looking for an alternative to China,
including bringing our companies HOME and making your products in the
USA (his caps and phrasing, not mine)
- Donald Trump compares China to Jay Powell, whom he appointed as Chairman of the Federal Reserve, and designates each an enemy of the U. S.
Can we blame the DOW for freaking out a couple of hours ago?
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