US right now is run by someone whose explicit promises, if actually implemented, have an obvious immedidiate 13-14% reduction in GDP — literally, never mind side effects, I'm not counting any businesses losing confidence in the idea that America is a place to invest, this is just direct impact.
DOGE + deportation by themselves do most of that percentage. The tariffs are a rounding error in comparison, but still bad on the kind of scale that gets normal politicians kicked out.
US right now is run by someone whose explicit promises, if actually implemented, have an obvious immedidiate 13-14% reduction in GDP — literally, never mind side effects, I'm not counting any businesses losing confidence in the idea that America is a place to invest, this is just direct impact.
DOGE + deportation by themselves do most of that percentage. The tariffs are a rounding error in comparison, but still bad on the kind of scale that gets normal politicians kicked out.
And yet, the markets are up.