{"id":64040,"date":"2025-03-13T14:42:46","date_gmt":"2025-03-13T18:42:46","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=64040"},"modified":"2025-03-13T14:52:37","modified_gmt":"2025-03-13T18:52:37","slug":"tariff-man-exposed-by-ronald-reagan-and-the-economist-et-al","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=64040","title":{"rendered":"Tariff Man exposed by Ronald Reagan and the Economist, et al."},"content":{"rendered":"<p style=\"text-align: left;\">Most times it&#8217;s stupid to sell into a declining market. For, the theory goes, the market turns. Then we miss the bottom.<\/p>\n<p style=\"text-align: left;\">In short, timing the market sucks.<\/p>\n<p style=\"text-align: left;\">But not today &#8212; when you believe this administration&#8217;s policies will tank our economy and stocks will fall even more.<\/p>\n<p style=\"text-align: left;\">There are anecdotal reasons that aren&#8217;t showing up in statistics (which stock &#8220;professionals&#8221; like):<\/p>\n<p style=\"padding-left: 40px; text-align: left;\">+ The freezing of money-raising for early stage companies;<\/p>\n<p style=\"padding-left: 40px; text-align: left;\">+ The abandonment of housing construction development projects because workers, fearful of ICE raids, have disappeared,<\/p>\n<p style=\"padding-left: 40px; text-align: left;\">+ The wholesale layoff of qualified and older workers into a frozen employment market &#8212; no jobs. No offers. Thank you Elon.<\/p>\n<p style=\"text-align: left;\">There are logical reasons &#8212; like the fact that <em>Beggar Thy Neighbor<\/em> trade policies simply don&#8217;t work and have never worked.<\/p>\n<p style=\"text-align: left;\">They just escalate until everybody&#8217;s business is destroyed and everybody is out of a job &#8212; think Great Depression.<\/p>\n<p style=\"text-align: left;\">Writing on Truth Social,\u00a0Donald Trump has just threatened a 200% tariff on alcohol from <small>EU<\/small>\u00a0countries&#8230;<\/p>\n<p style=\"text-align: left;\">Don&#8217;t trust me: Listen to the expert on Free and Fair\u00a0 Trade:<\/p>\n<p><iframe loading=\"lazy\" title=\"President Reagan&#039;s Radio Address on Free and Fair Trade on April 25, 1987\" width=\"690\" height=\"518\" src=\"https:\/\/www.youtube.com\/embed\/5t5QK03KXPc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p style=\"text-align: left;\">If he\u00a0 doesn&#8217;t convince you, read this. It&#8217;s the first leader (aka editorial) from this week&#8217;s <em>Economist<\/em> magazine:<\/p>\n<p style=\"padding-left: 80px; text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-64072\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2025\/03\/Maglamonia.jpg\" alt=\"\" width=\"709\" height=\"327\" \/><\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\"><span data-caps=\"initial\">I<\/span><small>n his speech<\/small>\u00a0to Congress on March 4th President Donald Trump painted a fantastical picture. The American Dream, he declared, was surging bigger and better than ever before. His\u00a0<a href=\"https:\/\/www.economist.com\/interactive\/finance-and-economics\/2025\/03\/06\/donald-trumps-tariffs-are-a-throwback-to-the-1930s\" data-analytics=\"in_body:link_1:para_1\">tariffs<\/a>\u00a0would preserve jobs, make America richer still, and protect its very soul. Unfortunately, in the real world things look different. Investors, consumers and companies show the first signs of souring on the Trumpian vision. With his aggressive and erratic protectionism, Mr Trump is playing with fire.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">By imposing 25% tariffs on goods from\u00a0<a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/03\/03\/trumps-new-tariffs-are-his-most-extreme-ever\" data-analytics=\"in_body:link_2:para_2\">Canada and Mexico<\/a>, also on March 4th, Mr Trump is setting light to one of the world\u2019s most integrated supply chains. Although he belatedly delayed\u00a0<a href=\"https:\/\/www.economist.com\/business\/2025\/03\/04\/how-trumps-tariffs-could-crush-american-carmakers\" data-analytics=\"in_body:link_3:para_2\">duties on cars<\/a>\u00a0by one month, plenty of other industries will suffer. He has also raised tariffs on China and has threatened the European Union, Japan and South Korea. Some of these duties may also be deferred; others may never materialise. Yet in economics as in foreign relations, it is becoming clear that policy is being set on the president\u2019s whim. That will cause lasting damage at home and abroad.<\/p>\n<aside class=\"css-8s3fon e1bfu45c0\" style=\"padding-left: 40px;\" data-component=\"infobox\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul class=\"css-t7o04k e13g57ro0\">\n<li><a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/03\/05\/trumps-tariffs-are-worse-than-anyone-imagined\">Trump\u2019s tariff turbulence is worse than anyone imagined<\/a><\/li>\n<li><a href=\"https:\/\/www.economist.com\/business\/2025\/03\/04\/how-trumps-tariffs-could-crush-american-carmakers\">How Trump\u2019s tariffs could crush American carmakers<\/a><\/li>\n<li><a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/03\/06\/it-is-not-the-economic-impact-of-tariffs-that-is-most-worrying\">It is not the economic impact of tariffs that is most worrying<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/aside>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">When Mr Trump won the election in November, investors and bosses cheered him on. The\u00a0<small>S<\/small>&amp;<small>P\u00a0<\/small>500 rose by nearly 4% in the week after the vote in anticipation of the new president lighting a bonfire of red tape and bringing about generous tax cuts. His protectionist and anti-immigration rhetoric, investors hoped, would come to nothing. A stockmarket correction or a return of inflation would surely curb his worst instincts.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">Alas, those hopes are going up in smoke. Elon Musk\u2019s\u00a0<small>doge<\/small>\u00a0is causing chaos and grabbing headlines, but with little sign yet of a deregulatory bonanza. (Mr Trump\u2019s order banning the federal purchase of paper straws will do little for America Inc\u2019s bottom line.) The budget blueprint passed in Congress in February keeps the tax cuts from 2017, in Mr Trump\u2019s first term, but does not expand them\u2014though it does add trillions to the national debt. In the meantime, Mr Trump\u2019s tariff promises would return the average effective duty to levels not seen since the 1940s, when trade volumes were much smaller.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">No wonder that, despite Mr Trump\u2019s talk of a roaring comeback,\u00a0<a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/03\/05\/trumps-tariffs-are-worse-than-anyone-imagined\" data-analytics=\"in_body:link_4:para_5\">the markets are flashing red<\/a>. The\u00a0<small>S<\/small>&amp;<small>P<\/small>\u00a0500 has given up nearly all its gains since the election. Although economic growth remains fair, in recent weeks the yield on ten-year Treasuries has fallen, measures of consumer sentiment have plunged and small businesses\u2019 confidence has slipped, hinting at a slowdown to come. Meanwhile, inflation expectations are rising, perhaps because Mr Trump is talking about all those wonderful new tariffs.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">Underlying the alarm is a dawning realisation that Mr Trump is less bound by constraints than investors had expected. Although price rises blew up Kamala Harris\u2019s presidential campaign, the prospect of inflation is not deterring Mr Trump, who argues that the economic harm from tariffs is worth it. During his first term he gloried in the long stockmarket boom; this time markets have not featured among his many social-media posts. His postponement of the car tariffs is too short-lived for the industry to adapt. Mr Trump is sticking to his belief that tariffs are good for the economy.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">Just as important, the people around the president also appear to lack influence. Scott Bessent, the treasury secretary, and Howard Lutnick, the commerce secretary, are both financiers, but if they are trying to rein in Mr Trump, they are not doing very well. Instead of being wise counsellors, they come across as stooges, explaining why tariffs are essential and Wall Street doesn\u2019t matter. Few businesspeople want to speak truth to power for fear of drawing Mr Trump\u2019s ire. And so the president and reality seem to be drifting ever further apart.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">That threatens America\u2019s trading partners. For some reason, Mr Trump reserves special hostility for Canada and the\u00a0<small>EU<\/small>. Because his approach lacks any coherent logic, there is no knowing how to avert his threats. Worse is to come if he carries through his promise to Congress to impose reciprocal tariffs, which match the duties that American exports face abroad. That would create 2.3m individual levies, requiring constant adjustment and negotiation, a bureaucratic nightmare that America unilaterally abandoned in the 1920s. Reciprocal tariffs would strike a fatal blow to the global trading system, under which every country has a universal rate for every good that is not within a free-trade agreement.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">As if that were not bad enough, tariffs will harm America\u2019s economy, too. The president says he wants to show farmers that he loves them. But protecting America\u2019s 1.9m farms from competition will inflate the grocery bills of its nearly 300m consumers; and compensating them for retaliatory tariffs will add to the deficit. Whatever Mr Trump believes, economic growth will suffer because tariffs will increase input costs. If businesses cannot pass them on to consumers, their margins will wither; if they can, households will experience what amounts to a tax rise.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">Mr Trump\u2019s policies set up an almighty clash with the Federal Reserve, which will be torn between keeping rates high to curb inflation and cutting them to boost growth. One of America\u2019s most important remaining independent institutions, the Fed would have to face down an angry president used to getting his way. When the administration staged a power grab over the Fed\u2019s regulatory responsibilities it carefully set monetary policy apart. How long would that distinction last?<\/p>\n<p class=\"css-1vv6jyl e18nv6n10\" style=\"padding-left: 40px; text-align: left;\"><b>MAGAlomania<\/b><\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px; text-align: left;\" data-component=\"paragraph\">The world economy is at a dangerous moment. Having defied reality (and the constitution) after he lost the election in 2020, only to be triumphantly re-elected in 2024, Mr Trump has no patience for being told that he is wrong. The fact that his belief in protectionism is fundamentally flawed may not sink in for some time, if it ever does. As the message that Mr Trump is harming the economy grows louder, he could lash out at the messengers, including his advisers, the Fed or the media. The president is likely to inhabit his protectionist fantasy for some time. The real world will pay the price.\u00a0<span class=\"ufinish\">\u25a0<\/span><\/p>\n<p style=\"text-align: left;\">And, this one also from the Economist:<\/p>\n<div style=\"text-align: left;\">\n<div class=\"css-9rt3sc e1kfap600\">\n<p style=\"padding-left: 40px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-64075\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2025\/03\/erratic-800x330.jpg\" alt=\"\" width=\"800\" height=\"330\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2025\/03\/erratic-800x330.jpg 800w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2025\/03\/erratic-768x317.jpg 768w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2025\/03\/erratic.jpg 845w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<article id=\"new-article-template\" data-test-id=\"Article\">\n<div class=\"css-beo71e eetis970\" data-test-id=\"standard-article-template\">\n<div class=\"css-hcc5vn e3mhczn0\">\n<div class=\"css-129jqss e1a1lgff0\">\n<div class=\"css-1crn8pm e384ba00\">\n<section class=\"css-1rkm85d efq1yh20\">\n<div class=\"css-1r8p72t efq1yh21\">\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\"><span data-caps=\"initial\">P<\/span><small>RESIDENT DONALD Trump\u2019s<\/small>\u00a0bullying of America\u2019s allies and neighbours may appeal to the\u00a0<small>maga<\/small>\u00a0base. Unfortunately, investors feel otherwise. Confidence in the prospects for the American economy has been sapped and financial markets are sinking. The\u00a0<small>S<\/small>&amp;<small>P<\/small>\u00a0500 index of American stocks has dropped by 9% since its peak in February. Because Mr Trump\u2019s on-again, off-again protectionism defies logic, their faith in his administration\u2019s ability to steer the economy is evaporating.<\/p>\n<div class=\"css-izf7kx enls6fv1\">\n<figure class=\"css-3mn275 e1197rjj0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png\" sizes=\"auto, 300px\" srcset=\"https:\/\/www.economist.com\/cdn-cgi\/image\/width=16,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 16w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=32,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 32w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=48,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 48w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=64,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 64w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 96w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=128,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 128w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=256,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 256w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=360,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 360w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=384,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 384w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=480,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 480w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=600,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 600w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=834,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 834w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=960,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 960w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=1096,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 1096w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=1280,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 1280w, https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20250315_LDC137.png 1424w\" width=\"608\" height=\"572\" data-nimg=\"1\" \/><figcaption class=\"css-1dkrsla e15o9k8g2\"><span class=\"css-1st60ou e15o9k8g1\">Chart: The Economist<\/span><\/figcaption><\/figure>\n<\/div>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\">It is the same with the dollar. As Mr Trump has threatened tariff after tariff, it has fallen, dropping by nearly 6% against a basket of other currencies since mid-January. Most notable is its decline against the euro, spurred by expectations of a surge in European defence spending.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\">One source of confusion is that Mr Trump\u2019s team say they want different things. Scott Bessent, the treasury secretary, maintains that the administration wants a strong dollar, in line with recent American policy. Both Mr Trump and J.D. Vance, the vice-president, believe that the strength of the greenback is holding back American industry. Currency traders whisper about a \u201cMar-a-Lago Accord\u201d, a repeat of the Plaza Accord that in the 1980s prodded America\u2019s main trading partners to co-operate to weaken the strong dollar, and which was first proposed by Stephen Miran, now an adviser to Mr Trump.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\">Another source of confusion is that, just as with Mr Trump\u2019s tariff policy, the administration misunderstands the benefits and costs of having a weak currency. Proponents of a weak dollar say that it would help make exports more competitive. But the growth of global value chains in manufacturing over recent decades has blunted the impact of exchange rates on sales of goods abroad, because exporters today incorporate more imported material than they once did. In addition, the costs of currency weakness are widely felt. If the 13m Americans in manufacturing jobs benefit, that must be set against nearly 300m consumers who will pay for the rising cost of imports. Already households\u2019 inflation expectations are rising, even though consumer-price inflation data, published on March 12th, came in a little below market forecasts.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\">The final\u2014and most corrosive\u2014source of confusion is the baffling logic behind the administration\u2019s policies. By themselves, tariffs should boost the value of the greenback, as Americans buy fewer imports and therefore less foreign currency. Although the dollar may have fallen particularly sharply against the euro because of European spending, its weakness against other major currencies points to an act of grave self-harm: that the hit to the American economy from tariffs is more than outweighing their direct impact.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\">Consider the wildest suggestion of the weak-dollar enthusiasts, floated by Mr Miran. This is to tax foreign governments that hold Treasury bonds, in order to deter them from owning dollars. That makes no sense. It may not even achieve its purpose of weakening the greenback, because academic research is unclear whether reserve-currency status has consistently boosted the dollar\u2019s value. Even if it did work, it should worry anyone who cares about America\u2019s ability to project its power across the world. Financial sanctions against Russia, and those about to be deployed against Iran, would be less effective if the dollar made up a smaller portion of overseas trade and finance.<\/p>\n<p class=\"css-1l5amll e1y9q0ei0\" style=\"padding-left: 40px;\" data-component=\"paragraph\">For decades investors were drawn by America\u2019s exceptionalism: its strong growth and a government that was a wise steward of the economy. Now they are waking up to impulsiveness and incoherence. American assets will suffer.\u00a0<span class=\"ufinish\">\u25a0<\/span><\/p>\n<\/div>\n<\/section>\n<div class=\"css-ra48xw ei4jjge0\" data-test-id=\"horizontal\">\n<div class=\"css-1qaigru ei4jjge1\">\n<div>If you have the appetite for another one, here&#8217;s today&#8217;s New York Times:<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-64080\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2025\/03\/Sawing-Away.jpg\" alt=\"\" width=\"743\" height=\"362\" \/><\/div>\n<div>You can read it <a href=\"https:\/\/www.nytimes.com\/2025\/03\/11\/us\/politics\/trump-50-days-foreign-policy.html?searchResultPosition=1\" target=\"_blank\" rel=\"noopener\"><strong>here.<\/strong><\/a><\/div>\n<div><\/div>\n<div class=\"css-std7t4 ei4jjge2\"><span style=\"color: #0000ff;\"><strong>The question without an answer:<\/strong><\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"css-v7aorn em0l2j50\">\n<div class=\"css-9ejc71 e1fggjs20\">\n<div class=\"css-yb4x8x e5z0ibw0\">\n<div>\n<div class=\"css-1j1j36d e5z0ibw0\">\n<div class=\"article-gifting css-y9rlyz ebxshaw0\" data-optimizely=\"article-gifting\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<footer class=\"footer_mb-footer__x9bgP ds-footer\" data-test-id=\"footer\">\n<div class=\"container_mb-container__Fo2_b container_mb-container--padded__mFgN3\">\n<div class=\"footer_mb-footer__top__p3k5f\" style=\"text-align: left;\">\n<div class=\"social-link-navigation_mb-footer__social-link-navigation__pvbwT\">A very dear friend of mine emailed me:<\/div>\n<\/div>\n<div>\n<p style=\"padding-left: 40px; text-align: left;\"><em>It&#8217;s amazing that so many business people believed that the U.S. economy and stock market would flourish under a serial bankruptee and felon convicted of 34 financial crimes.<\/em><\/p>\n<p style=\"text-align: left;\">I am, obviously, not pleased with what&#8217;s going on &#8211; and it&#8217;s only been 51 days.<\/p>\n<p style=\"text-align: left;\">That means we have another 1,409 days to go.<\/p>\n<p style=\"text-align: left;\">Imagine the insanity still to come. War with Greenland? With Canada? Give Russia Ukraine? And then Estonia, Latvia, Lithuania, Poland?<\/p>\n<p>Is Australia safe?<\/p>\n<p style=\"text-align: left;\">Gold and Nvidia are up. Whoopee. Jensen speaks on Tuesday.<\/p>\n<p style=\"text-align: left;\">See you shortly. &#8212; <em>Harry Newton<\/em><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/footer>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most times it&#8217;s stupid to sell into a declining market. For, the theory goes, the market turns. Then we miss the bottom. In short, timing the market sucks. But not today &#8212; when you believe this administration&#8217;s policies will tank our economy and stocks will fall even more. There are anecdotal reasons that aren&#8217;t showing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-64040","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/64040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64040"}],"version-history":[{"count":22,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/64040\/revisions"}],"predecessor-version":[{"id":64088,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/64040\/revisions\/64088"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}