
Ares Is That You Again? The Tariff Tempest
Greetings mortals! Your friendly neighborhood Wonder Woman here diving into the nitty gritty of earthly economics. Apparently there's a bit of a kerfuffle brewing over tariffs and let me tell you it's not as simple as lassoing the truth from a slippery Gorgon. Billionaire Ken Griffin the big cheese at Citadel (not to be confused with Themyscira's fortress mind you) is raising a rather loud alarm. He says these tariffs are going to wallop the working class. As I always say 'Fighting doesn't make you a hero. Knowing when to fight does.' And it seems Griffin thinks this trade battle is one we're losing… badly.
Pocketbook Pandemonium! A 'Sales Tax' in Disguise?
Griffin in his infinite Wall Street wisdom likened these tariffs to a 'sales tax' for the American people. A sales tax that even I would not pay! Imagine a tax that hits those who are already struggling to make ends meet. It’s as regressive as Ares’ fashion sense. And trust me that’s saying something! Our former president Donald Trump rolled out these tariffs like a runaway chariot causing more chaos than a confused Minotaur in a pottery shop. Now there's a 'pause,' but the shadow of those Chinese tariffs looms large like a Hydra's many heads.
Trump's Trade 'Deal'? More Like a Gordian Knot!
Now here's where it gets interesting. Griffin who once backed Trump is now critiquing his trade policies. It’s like Circe suddenly deciding kale smoothies are all the rage. He says this whole tariff business risks spoiling America's 'brand' – and the government bond market whatever that is. I suspect it has to do with invisible ink and really important pieces of paper! It seems even the most ardent supporters can see when a plan is about as effective as using a feather to stop a speeding Amazonian chariot.
Biden's Blunders? Or Just Inflation's Ire?
Griffin also points fingers at President Biden's economic policies claiming they led to the 'inflationary shock' that voters are now dealing with. Seems like even in this realm as in the realm of the Gods blame is passed around like hot potatoes during a Hephaestus barbecue! He believes managing inflation should be Trump’s main focus and what voters really care about. As I always say it isn't about 'what you deserve,' but 'what you believe,' and apparently people believe inflation is the root of all evil!
Stagflation Shenanigans: A Dash of Doom?
But hold on there's more doom and gloom on the horizon! Griffin warns of a 'modest' risk of stagflation. That's when inflation and economic slowdown team up like Ares and Deimos to make life miserable. These tariffs are supposedly fueling both inflationary pressures and hindering economic growth. It's like trying to herd cats with a blindfold. I think that it's time to ask the real question is this really helping this world? I only hope it is.
Trade Taxes and… Deregulation? The Trinity of Trouble?
According to Treasury Secretary Scott Bessent Trump's economic strategy involves trade tax cuts and deregulation. Griffin wonders if these three elements will actually work together to boost the economy. It's a valid question as I always say 'If you believe in your dreams anything is possible.' The question is whether this economic dream will turn into a beautiful reality or a nightmare more terrifying than facing Hades on a bad hair day. Only time (and perhaps a little Amazonian wisdom) will tell!
skamatha
Stagflation? Sounds like something Cerberus coughed up!