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Sometimes Bad Ideas... Are Just Bad Ideas
So the global economy has lost and found about 6 trillion dollars within the span of a week.
The most intense global trade war in modern history has been threatened and then paused, and threatened, and paused, and threatened, and paused again… SEVEN different times now!
By the time YOU are watching THIS video that number might have changed again.
Global economic uncertainty is at record highs and while the stock market may have recovered (for now), REAL people are starting to feel the consequences of this little game as layoffs are accelerated, hiring is frozen, prices are increasing and interest rates are spiking.
Now I already know what you are thinking, there is nothing about these trade wars that hasn’t been said already.
And that’s actually exactly the problem.
For a variety of reasons even highly respectable outlets and experts have been trying to find what the “real” meaning is behind the flip flop trade war… Be it a secret plan to reduce interest rates before we refinance our debt, redefining the role of the US dollar as a global reserve or just some 4D UNO negotiating tactic.
These explanations are very entertaining and appealing to people who want to make sense of a situation that could really impact their personal financial situation
But… if you want to look for deeper meaning where there is none, you should have majored in art history, not gone into journalism, economics or businesses.
Sometimes, bad ideas… are just bad ideas… and not acknowledging this has caused problems in politics and businesses well before we started putting tariffs on penguins.
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