Markets are funny things.

US right now is run by someone whose explicit promises, if actually implemented, have an obvious immedidiate 13-14% reduction in GDP — literally, never mind side effects, I'm not counting any businesses losing confidence in the idea that America is a place to invest, this is just direct impact.

DOGE + deportation by themselves do most of that percentage. The tariffs are a rounding error in comparison, but still bad on the kind of scale that gets normal politicians kicked out.

And yet, the markets are up.