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Great Television
A lot of folks seem to think Donald Trump knows what he's doing when it comes to the US economy, whe
Agreed, the acceleration of the demise does unfortunately surprise me. But the betrayal can’t be undone; trust in the US is lost and it ain’t coming back any time soon.
Still, the dollar is holding strong.
Glad I loaded up on more vxx
I read the Project 2025 Dossier. It could be entirely based on Handmaid’s Tale. It’s backwards antiscience, anti-freedom, and just mean, angry self-righteous bullsh*t. Today, watching the tickers dump as Dear Leader puts tariffs on everyone but the USSR, scolding the heroes in Ukraine, it’s all become so much. I haven’t watched a minute of television news in 8 years and my stress level is still difficult to manage. That all of this IS so stupid I call Dear Leaders’ cabal of misfit psychopaths the Dunning-Kruger Administration. The other part of their ‘policy’ by stripping the desperate poor of any support is sewing the seeds of rising street-level crime and government corruption we haven’t seen since 1905. 1907 we saw the end of the Guilded Age, a crash and the smouldering coals of World War 1. We are one market crash and one pandemic away from an economics no one alive has seen before.
“…seeds of rising street-level crime…” I would wager that this is a hope/feature not a bug for the administration. Imagine all the garment rending, DEI blaming and tough guy (military/police/militia) violence that that would allow Trump to televise as H has so aptly mentioned.
Re Wall Street analysts: “Maybe you’re too gullible.”
Some yes, I suppose. Some lazily just assigned a high probability of a repeat of Trump’s first term. Others may have actually been a little fidgety when they were told to present “a more balanced opinion. Don’t forget, many of our customers are Trump supporters who we do not want to offend.”
Those folks are part of the marketing department, not ivory tower forecasters. It’s their job!!
America has lost its shadow!
Is anyone out there having trouble with your relatives who remember things that never happened and forget everything that did?
For about 20 years now, yes. I call it the Fox News effect. My mother was a MAGA early adopter.
Thanks for the rant H! That is exactly how I feel. Jesus H. Christ what is wrong with these people!
Exceptional
The Bueller references will never get stale with this administration.
“Win Ben Stein’s Money” meets “The Hunger Games”
“What happens if America loses its exorbitant privilege? Well, nothing good. Yields could reset structurally higher from the belly of the Treasury curve on out. Treasurys would become actual debt, not just “debt” with scare quotes. The country’s external liabilities would be newly-subject to FX volatility. Households could face acute bouts of FX pass-through inflation (i.e., explosive cost increases that’d feel entirely foreign to American consumers). OFAC sanctions would become increasingly less effective. And on and on and on.”
H, do you have articles that explain this in more detail or would you be able to write a comprehensive scenario analysis detailing these consequences? An article about the cause and effect of Trump’s decisions would be very fascinating to read. I haven’t considered even the slightest of all possibilities of what could and will go wrong, but the above is a good start and your writing would make it quite the read.