Time To Step Back From All The Chaos
It's time to step back from all the chaos. This week brought an even bigger dollop than we've gotten used to since the inauguration. It came in the form of the now officially effective imposition of a whole laundry list of tariffs on...well, just about any country with whom the U.S. trades. (And, no surprise, we watched as stocks had their worst day since the Covid Mess in 2020. But you know all that, right?) We've said enough about tariffs in recent posts, so we won't pile on here. We can, however, attempt to organize the hysteria into some sort of order. On one side, we have those who claim the tariffs are a "tax" - and one that will slam the average guy more so than those of greater means. Include here the sub-group that shouts to high heaven that these tariffs will bring in revenue that will allow for a tax cut "for the rich." On the other side, we have the smiley faces who try to patiently explain that, while there may be some pain in the short...