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.
Religious contexts for the Iran War are being invoked on all sides. A three-minute YouTube explains.
Abrupt and startling changes with multiple media reporting various views. What can we determine from this blistering pace? Is there a Kurdish connection?
As the Iran War has spiraled into regional war with global impact, Cuba remains a hot topic.
Slowing growth and higher prices equal “stagflation,” the worst of all possible economic worlds for policymakers (the Fed) and for those persons in the bottom leg of the K.
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