What winning looks like. Dynamism returns to the labor market, and nothing to scare the Fed.
...Don Luskin of Trend Macrolytics wrote to clients about Mr. Trump’s plan for new tariffs—essentially taxes on steel and aluminum consumers: "Trump’s economic record has been excellent, and we draw assurance from that. But the very fact that this is his first big mistake requires markets to let him know he’s making it – which is one reason we think this has to prolong the present stock market correction. Considering that Trump has bragged so often about the rising stock market, presumably he would listen when it sends him a message."
A correction without a cause now has one: Trump the protectionist takes the stage.
After last week’s “further” bungle, the rookie chair delivers further incoherency.
Markets are punishing him for his rank amateurishness, but he showed he’s no hawk.
Here’s the factual headline you didn’t see yesterday: “CPI Falls Second Month In A Row!”