751–760 of 1001 posts
A lot of earnings are coming out next couple of weeks. Take Apple for example, how would they forecast Q2 numbers? They have 125% tariffs on all imports from China. Maybe it'll go up more as China increases their own. Or maybe it gets paused. I feel for the FP&A team there.
"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…
Incompetence is way more dangerous than people realize. These tariffs are China's Four Pests campaign. Mao, a very trump like figure, decided to protect Chinese crops by destroying sparrows that were picking at them. Killing sparrows killed a predator of insects which did more damage to crops. This coupled with reality denying policies and ignoring experts led to one of the most devastating famines the world has ever…
Earlier quoted context omitted.
Incompetence is way more dangerous than people realize. These tariffs are China's Four Pests campaign. Mao, a very trump like figure, decided to protect Chinese crops by destroying sparrows that were picking at them. Killing sparrows killed a predator of insects which did more damage to crops. This coupled with reality denying policies and ignoring experts led to one of the most devastating famines the world has ever…
Both you and OP are not looking at this from the right angle. The goal here is to decouple US from China. In the meantime, tariffs are raised on every country to gauge which side they are on. Once US knows who the allies are, they will negotiate to have those allies put up massive tariffs on China as well to prevent transshipping. US wants nothing to do with China. As the biggest consumer economy in the world, the ha…
Earlier quoted context omitted.
Incompetence is way more dangerous than people realize. These tariffs are China's Four Pests campaign. Mao, a very trump like figure, decided to protect Chinese crops by destroying sparrows that were picking at them. Killing sparrows killed a predator of insects which did more damage to crops. This coupled with reality denying policies and ignoring experts led to one of the most devastating famines the world has ever…
People are so desperate for this to be rational. Which itself is entirely irrational given the information at hand.
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
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What I'd guess most of us are interested in is what you have to say.
Earlier quoted context omitted.
Incompetence is way more dangerous than people realize. These tariffs are China's Four Pests campaign. Mao, a very trump like figure, decided to protect Chinese crops by destroying sparrows that were picking at them. Killing sparrows killed a predator of insects which did more damage to crops. This coupled with reality denying policies and ignoring experts led to one of the most devastating famines the world has ever…
There is absolutely a Cultural Revolution feel to the communication by and around the president. See e.g. Bill Ackman's fully-prostrated worshipful response on Twitter this morning. The guy is a successful billionaire! And he needs to sound like a literal cult member in public lest he lose influence.
The authors said: "We are in the process of the second American Revolution, which will remain bloodless if the left allows it to be."[2]
[1]https://en.wikipedia.org/wiki/Project_2025 [2] https://www.washingtonpost.com/politics/2024/07/03/heritage-...
"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…
Earlier quoted context omitted.
>From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury You're making it seem that there's a plan ... but what if this is just regular incompetence coupled with capricious behavior from a chaos agent? I'm watching various officials give interviews and all of them are non-committal as it pertains to expectations. Why? Because none of them actually know!!!…
I'd like to expand out why I hold this belief. The political cohort behind the president is roughly in two halves. The first half are the original MAGA crowd (looking out for the working class, pro-liberty, anti-woke, etc.). The second half are the billionaire crowd. The second group are active on pod casts, on Twitter/X, and are partly represented in government (directly or as advisors). An easy way to follow up on…
DOGE doesn't save any money. Not only because it's created many legal messes that will take forever to work out in court but because most of those jobs are important and will eventually need to be replaced at great cost and with worse results. Also some of those jobs are for auditing inefficiency and prosecuting corruption resulting in more money spent. And on top of it all they'll be using these non existent savings to justify much larger tax cuts for the rich.
The reason it looks stupid is because it is. It's not that Trump is purely dumb he's just intellectually lazy and doesn't care about policy. He long ago decided he likes tarrifs on instinct so he put massive tarrifs despite the warnings that they would be disastrous
"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…
A safe haven isn’t much of a safe haven if that’s where the fire has started.
"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…