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Stephen Miller

Trump’s idiocy will put a 2 in front of RBA cash rate by end of year

The tit-for-tat tariff responses constitute a supply shock that will not only see the global economy lurch into a deep recession but will do so with a near-term inflationary bias.

The term “manifest destiny” was coined in 1845 by a journalist, John L. O’Sullivan, to assert America’s right to annex Texas and the Oregon Territory. I wonder how many Canadians or Greenlanders have reflected on that term recently.

Be that as it may, the Trump administration shows all signs of being consumed by manifest idiocy rather than manifest destiny.

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Stephen Miller is an investment strategy advisor to GSFM and formerly a Treasury officer who served on the personal staff of the then-treasurer Paul Keating from 1985 to 1987.

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    Original URL: https://www.afr.com/policy/economy/trump-s-idiocy-will-put-a-2-in-front-of-rba-cash-rate-by-end-of-year-20250407-p5lpoz