USA seemed to have bite more than it can chew by levying tarrifs on each & every country of the world.
And it seems it’s already choking when you see $4 Trillions wiped out off USA market cap in just past 2 days. The size of Indian economy.
Nasdaq was down 6% yesterday. Another 5% today.
China called out USA’s bluff and retaliated with additional tarrifs. What happens when the other countries start going the same way?
Will USA be able to hold itself?
Will USA be sidelined?
Is the change in world order happening right in front of our eyes!?
Is dollar debasement here with dollar index (DXY) falling closer to 100?
These are some hot questions whose answers only time will tell…
Btw, let’s congratulate USA on importing huge inflation. First Biden, then Trump.
Powell is actually walking on a tight rope & dare to think about cutting rates.
We live in interesting times…
