Investors have long known that tariffs would be the signal economic policy of the new administration.  That said, in just two short chaotic weeks, the administration’s evolving tariff announcements have become a-day-in-the-life for global financial markets.  From feast to famine – mostly famine.  Even the most ardent opponent – and ardent proponent – of tariffs could not have envisioned the cracking of global currency, sovereign bond and stock markets in just two short weeks.  The mere fact that the markets now expect Federal Reserve intervention speaks to the early-inning implementation failure of the administration’s landmark policy.