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PIMCO 25 Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
By Gary Alexander
Old economic theories and partisan political critics say that President Trump's escalated tariffs will cause soaring inflation going into next year's elections, perhaps causing a recession and hurting his re-election chances. If so, raising tariffs on $300 billion in Chinese goods has to be the most dunderheaded political move in recent history - right behind Bush 41's raising taxes after saying, "Read my lips - no new taxes."
Bad news always sells best, so we're seeing headlines like this one from Bloomberg last week: "Goldman Says Trade-War Escalation to Drive U.S. Inflation