Tuesday, September 04, 2018

crying wolf

Why do currency markets (or any markets) react when this doofis says things like this. Trump is lying, as he often does. But this one is particularly stark because Congress has to approveany new trade deal and members of Congress have made it clear that they will not approve a NAFTA successor that does not include Canada.

I understand why a presidents' comments would affect the markets. But I don't understand why this president's comments would. When Trump makes a pronouncement there is no reason to assume it is true. His record is clear about that.