581–590 of 1001 posts
So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.
It seems unlikely that the next 90 days will remain calm and stable.
Earlier quoted context omitted.
The administration has signaled that they expect to negotiate acceptable balance-of-trade deals with the US's Asian allies over the next few weeks. If that happens, I can see businesses being certain enough to make investments. Until then I'm bracing for a recession too.
Like wanting EU to drop VAT for US import sales or forcing EU to buy oil/gas/coal. None of that is happening.
Earlier quoted context omitted.
If USA keeps 10% tariffs for everyone equally, why should we interfere? Serious question. I believe that Trump is shaking things off, but his goal is to introduce a fixed "tariff" like a soft VAT. He is just testing (and profiting with $$$$$) what happens when you do things like 30% there, 24% there, etc. But his long term goal is a fixed tax. In that context, who are we to judge them? We also have VAT on imports.
There a lot to be said for ignoring other countries tariffs and just having free trade. Hong Kong and Singapore basically did that for decades and grew fast and became wealthy. Tariffs mostly hurt the countries introducing them. There are some exceptions. Sudden changes can be painful if you built a factory to service some market and they block the sales all of a sudden. But a 10% across the board tariff may not make…
Wouldn't you say the same thing about VAT?
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
That doesn't pass muster. If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection.
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
Generally the president acting like an insane maniac about to become dictatoe makes bonds look less trustworthy.
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
Owning US debt is also simply less relevant to countries that are going to be trading less with the US. Countries which are ratcheting up tariffs with the US, for example.
Possibly because lawsuits challenging the power of the President to impose tariffs under the Emergency Economic Powers Act are underway.[1] GOP support for Congress taking back control of tariffs is building.[2] At some point, Congress or the courts will take his toys away. [1] https://www.newsweek.com/trump-tariffs-hit-lawsuit-group-his... [2] https://thehill.com/homenews/senate/5236142-congress-tariff-...
Trump is only out to make money, the guy never had any other thought in life since money gives him status, fame, and power.
It's a grift, as any other of his grifts, but now he can manipulate the whole stock market with his power.
There's nothing else that I can rationally come up with to explain this absurdity.
It's not like the tariffs are gone. It's still 10% for everyone but China. That only seems small in comparison to what was being proposed before. I wonder will EU and others wait out 90 days while negotiating or match the 10% in kind
Earlier quoted context omitted.
That doesn't pass muster. If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection.
That's fair but I suggest that they are actually deficit hawks for the long term . In the short term, they've got financing troubles hence they care about the yield.
No, they are nor deficit hawks. They don't care about deficit, except when trying to blame it on someone else.