If you are concerned about the stock market plunge, you need to read what Bill Ackman has Xed about the tariff strategy. Hat tip to Power Line's John Hinderaker for the link. In Ackman's view, the market will recover in the next few months as countries rush to cut deals with the US to ease pressures on their economies.
Trump’s strategy is not without risk, but I wouldn’t bet against him. The more that markets support the President and his strategy, the higher the probability that he succeeds, so a stable hand on the trading wheel is a patriotic one.
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For RealClearPolitics, military historian Victor Davis Hanson writes a scenario for how he believes the war in Ukraine will end. He predicts a Korean-peninsula style "hot peace" following a ceasefire. Some of his thoughts:
Western leaders simplistically thought that sending more arms, money, and Ukrainians into the cauldron would eventually break Russia -- 30 times larger than Ukraine, 10 times richer, over four times more populous, and far less bothered by the mounting toll of its greater losses.
If and when peace comes, we can already foresee the misinformation that will follow: Trump deserves no credit. Zelenskyy remains the true hero. A now hollowed-out Russia was the real winner.
Clearly, nobody but Trump could coax, bully, and chivvy the hostile parties to make a deal ending the fighting. If he succeeds, we will have reclaimed the title, however briefly, of world hegemon - the essential power.