Contagion. . .
(Contagion. . .) It is the day after President Trump announced the Day of Liberation where he labeled a series of tariffs that have gone into effect. Globally, in affected nations, their indigenous markets are responding. On Wall Street, the Dow is down 1200+, the Nasdaq about a thousand, and Stanard and Poor is more poor by some two hundred. In Germany, the DAX index is down almost six hundred. In Japan, its Nikkei is negative by a thousand, the London Financial Times is off 150 and the CAC Exchange in Paris is down 250. While all these declines are spectacular, worst performers in months, these transactions were all but predicted. Trump only made his Liberation Day comments only yesterday but there had been widespread expectation that some Trump tariff policy change was imminent. High economics might be involved in tariff policy but in the end, it is all simple math. Any trade imbalance between the U.S. and other nations, in the chart the President precented yesterday, levies from Ch...