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The Orange Swan: Surviving the $10 Trillion Selloff

Many Happy Returns

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Market Turbulence and Tariff Implications

This chapter explores the recent volatility in the Nasdaq, driven by rumors of tariff policy changes and their immediate effects on market performance. It discusses the political dynamics surrounding tariffs, including support from certain constituencies and dissent among financial leaders regarding the unpredictability of executive actions. The chapter concludes with insights on the potential long-term impacts of tariffs on inflation and economic growth, while advising investors on strategies to navigate market fluctuations.

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