Look what Donald J. Trump, business genius, is doing to the US economy with his on-again, off-again tariff wars, antagonizing and alienating America’s most important allies and trading partners. This is now officially a “correction”, I am told.
Never mind, surely the targeted economies of those nasty trading partners, “taking advantage” of Trump’s America, are also suffering. Well, they do, but…
I guess that trained economists, financial experts will tell me not to jump to hasty conclusions. The differences may be due to many factors, including the fact that the Toronto index is enumerated in a different currency and all that. They’re right, of course. Nonetheless, I think this is telling. Yes, Canada’s main index is also down. But it’s still doing better than it did 6 months ago, unlike its major American counterparts.
But surely, what Donald “stable genius” Trump is doing to the US economy (not to mention NATO, the Western alliance, the rules-based world and all that) must be good by definition, right? The Leader is never wrong; those who think otherwise are enemies of the people, right?