In yesterday’s commentary, which was prepared earlier in the week, I proposed looking at the estimated tariff shock as equivalent to a new $2/gallon gas tax.
As new tariff announcements have been made through this week, however, that estimate now appears to be too low.
I am traveling to Leen’s Lodge for Camp Kotok next week. I paused yesterday in Bucksport, Maine, looking across the water at Fort Knox (a Civil War-era fort), to comment on the evolving tariff shock in a Kotok Quick Take.
We look at diverse stock charts for perspective about the market’s roller coaster ride of the last year. Where things go from here is an open question. And we recall “the Greeks.”
I have watched this FL politician from nearby Sarasota. I’m appalled by the decisions Rep. Luna makes. This time, IMO, she went too far. So, be silent? Or speak up?
Iran’s drones and missiles targeted seven neighboring states from the Arabian Peninsula to Türkiye and attempted a long-range attack on the US base at Diego Garcia. Today, we discuss the Iran War and sovereign wealth funds (SWFs).
A pause without a pause is not a pause. Meanwhile, a buildup of American forces (Marines, 82nd Airborne) in the Hormuz region continues. No one knows what happens next.
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