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The Investors Who Prop Up America Won’t Soon Forget This (shared)

By Ilene
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Credit...Philotheus Nisch for The New York Times

By Rebecca Patterson, NY Times 

Growing up in Florida, I lived through some bad hurricanes. The worst of them altered the shape of the land, destroyed islands and left channels that hadn’t existed before.

That’s what the past several weeks have felt like in my work as an economist and investor. Since President Trump took office in January, we saw a building storm that hit landfall last week on “Liberation Day.” Shockingly large and broad tariffs fueled investor concerns about economic growth, drove extreme market volatility and set off a “dash for cash” that caused selling even in traditionally safe assets such as U.S. Treasury bonds and gold.

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