Why oil price swings won't burn America's economy or your 401(k)
The U.S. has unsealed a warrant to seize an Iranian oil tanker detained in Gibraltar./ — threatening to wreck the global economy. The next month, oil drops because tariffs allegedly whack Chinese demand and — you guessed it — wreck the global economy. Tune out these scare stories. They’re both bricks in this bull market’s wall of worry. before. Even with subsequent escalations, all threatened and newly enacted tariffs since 2017 total just 0.3% of global GDP. Too tiny to render recession. Firms skirt many of these tariffs. America’s soaring ...
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