The markets are catching on to Trump's tampering: economist (opens in new tab)

The Atlantic‘s Rogé Karma argues that when the price of oil gets too high, Trump declares the war is near an end, and the price then drops, reducing the pressure on Trump to end the war sooner.Karma calls it “the TACO equilibrium.” Pointing to an “underlying belief,” Karma writes that “Trump will inevitably back down once the economic pain gets high enough. This is the so-called TACO theory of Trump’s decision making, as in ‘Trump Always Chickens Out.'”“The market has correctly realized there...