The Melting Ice Cube.
So much to talk about this week, so let’s get right to it ..
The weekend break did nothing to calm the stock market’s shredded nerves as the Trump administration met the widespread condemnation of its tariff policy (“idiotic” was one of the kinder adjectives used) with only denial and defiance coupled with juvenile advice like “be cool” , “hang tough” and “take the medicine”. There were more gigantic losses in Asia on Monday (Chinese stocks crashed by another 10%, Hong Kong fell by 13% and Japan was down 8%) followed by further slaughter in Europe.
When it opened, Wall Street was hit by a…
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