Subject: Re: Spy down another 4 percent,
jim,
per other post, you seem to assert the real (industrial) economy is burnt.
yet it seems any combo of tariff cancels, tax cuts, etc...would violently overspike u.s. equities.
only the gop can seriously believe 2 decades off offshoring and supply chain optimization can be fixed by midterms (per trump himself).

what is the metric for 'it's too late now'?


[from Chase Taylor]
“Let me keep this as simple as I can. If this policy is not meaningfully changed this year – we will enter a Depression. If we meaningfully change it this summer, we will have a tough recession. If we meaningfully change this policy before it takes effect next week, we will face an ugly slowdown but survive it ok. I know many folks think there is a master plan, but master plans have folks doing the work – not using LLMs to tariff penguins and not even use tariffs in the calculations for how much to tariff folks. We have significant tariffs now on things like coffee and bananas (we do not grow those in the US), underwear, cheap toys, etc. Things we either cannot or should not even produce in the US. Plus making food more expensive is unfathomably bad policy. If a lot of the dumbest tariffs are not taken off before next Friday – this may be the worst economic policy any of us will ever witness in our lives.”