US stocks shrug off tariffs and soar

“I keep reading that Donald Trump is an economic genius,” says Matthew Hennessey in The Wall Street Journal. The story goes that the “punishing recession prophesied by the priests of the economic religion” has not come to pass, despite the US president’s decision to tariff the world’s biggest economy to the hilt. One is reminded of the old joke about the optimist falling from a skyscraper, who enthusiastically comments “so far, so good” as he plummets past each floor. We might not be able direct...