Bob Elliott
· Nonconsensus
· April 13, 2026 at 09:39
· ⏱ 2 min read
| Read on Substack ↗
Summary
The author observes that an economic war is escalating, yet US markets seem indifferent, pricing the conflict as a temporary issue that has already been largely resolved. This suggests a potential disconnect between geopolitical reality and market perception.
•News over the weekend suggests an ongoing economic war is intensifying.
•US markets are not reflecting this risk, instead pricing the conflict as a transitory event.
•Despite optimism, there was little progress on de-escalation, and economic warfare appears to be heating up.