3/ There are two main problems with the "market likes trump --> all is good" story: externalities and insurance costs.
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Absolutely. If we had an economic nationalist in office who wasn't at the mercy of his own Id, well....the mind fairly reels
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14/ Fair comparison would be a POTUS who might have done similar things but with less fascist craziness that has all non-white-males on edge
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15/ ie POTUS who pursues protectionism, ACA repeal, NATO unwind etc., but *without* threatening judges, tweet-destablizing war zones etc
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Factoring higher-than-normal doomsday scenarios is the entire game. Markets tend to rise, with periodic catastrophes in the middle.
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explain? do you mean some people are doing this and the market has already priced in doomsday risks, or that it should?
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