Some Early Lessons From the Tariff Tantrum

Some thoughts and questions on what’s been happening in the markets of late: The market still has veto power. Seeing bond yields scream higher Tuesday night was the first time I got nervous about the possibility of a financial crisis: The bond market is probably what spooked the White House into the 90-day pause on tariffs. The New York Times said as much: The economic turmoil, particularly a rapid rise in governm...