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People Are Starting To Notice…
They're starting to notice. Markets. Economists. Wall Street "strategists." The financial media. Off
My Southern Baptist in-laws from Georgia and my East Asian uncle and his wife still support Trump. These are college educated, engineers and liberal arts majors. Don’t know what it will take to pop their bubbles.
Seriously, why can’t Anyone check-n-balance this situation?
Read this right after the Weekly. Will it take a catastrophe bigger than the one that spawned Bretton Woods to do what needs to be done with the dollar? Its status as a shared myth is frayed, perhaps beyond recovery.
A collapsing dollar is inflationary and when the tariff war commences all bets are off. Will Trump keep digging our grave or will Mr Market temper his voodoo economics.
Among my many concerns is now added black clad unidentified enforcers in unmarked cars seizing people off the street and apparently they feel that is ok and then deprive them of due process. Our rule of law depends upon voluntary adherence. What truly frightens me is that these black clad unmarked people felt it was OK to seize people on the street and bundle them away in unmarked vehicles. This smacks of dear old Russia, Syria, and other autocratic despot regimes. They have to know that is very wrong and contrary to all norms of behavior. Government agents need to know when to take a stand and disobey illegal orders. Take away due process and all bets are off.
Apparently t’s easy to go from a red shirt to a brown shirt.
Boomers were protesting in Ann arbor today, very little to no younger folks
Indeed, it’s a sad state of affairs when the youth are apathetic..
Hello from my home!
H., curious as to when the monthly is coming out. I know you mentioned it was about the depression. It is becoming far less important as to whether the S&P hits 5,000 by this weekend, relative to the other sh!t that is “flooding the zone.”
That’s just the title. It’s not about The Great Depression itself.
Understood. I mis-typed. A lot of what is happening would cover the theme.
So… I can understand the logic of the power grab and constitutional crisis either from the stated goals – eradicate wokeness, deport illegals without the sluggishness of due process, take disproportionate vengeance on some people who disagreed with you, and so on, or the implicit ones – enrich self, ultimately institute a single party state or a monarchy I guess, who knows. What does Greenland have to do with any of it? I guess when you’re rich enough you don’t have to care, but he doesn’t seem to think he is rich enough. Going after Greenland and Canada seems like throwing in a lot of crazy for no good reason. But Musk and Vance certainly seem very capable intellectually, even if you disagree with their politics.
Apparently they are not “intellectualy capable” enough not to side with Donnie Drumpf.
If you believe they are sincere about their stated politics then siding with Trump is a brilliant move. It’s a once in a generation opportunity to dismantle regulations and cultural liberalism. The problem seen from that standpoint is that throwing global finance into chaos or getting America into confrontations with allies is external to and jeopardizes rather than benefits either project, in the sense that it legitimizes political opposition and gives an incompetent look while doing nothing to further them.
Greenland is all, or mostly about, having an arctic presence and awareness in the event of a nuclear attack. An ICBM isn’t going to follow the same trajectory as a Flight on Delta. It just baffles the mind why they can’t just ask to add more bases, apparently there used to be quite a few in Greenland. There are no doubt some mineral resources as well
The United States looking huge on a map with his intended additions is, I think, an under appreciated motivation here.
Yep. Sometimes (a lot of times) in our attempts to understand Trump, we forget that at the end of the day, we’re dealing with a man who, in my opinion, is mildly disabled. And I say that in a non-pejorative way. He’s doubtlessly had someone color in a map so he can see just how big US-Canada-Greenland looks when it’s all shaded the same color.
You nailed that one. If you want to get Trump’s attention, then you have to remember he’s a 6 year old and show him a picture. Maybe he’ll hock that picture someday as an NFT (do they even exist anymore).
Well he is a Real Estate guy (Shrug)…
I am inclined to believe that the genesis of Trump’s extra-territorial aspirations are, like most other things that seem to come out of nowhere from him, the product of someone with an agenda (or carrying water there for) who managed to get close enough to whisper it in his (good) ear. It’s how we get toilets that don’t flush, reciprocal tariffs, windmills that cause cancer, or Greenland as part of the US.
For Trump, this is likely entirely transactional since he has almost no policies. If successful. he might secure a more lasting and maybe even favorable place in US history, but in the meantime, he gets to set up yet another toll booth and lever. I don’t know if anyone can be more anti-Trump than I am, but I have yet to see anyone posit that perhaps his Greenland/Canada/Panama Canal gambits might serve a useful negotiating purpose to get Russia to back off in Ukraine and China to stand down on Taiwan. I mean if we’re all just grabbing territory we think we have a right to, why should the US stay out of the game? Am I the only one who thinks a US threat to get into the territory snatching game might be more effective than sanctions and rhetoric on both Russia and China?
The hardest reach for me here is trying to reconcile how our inattentive and bad faith dealmaker might actually be engaging in some kind of at least 1-D chess that is so rudimentary and obvious that no one sees any point to it other than Trump being Trump. I fear, however, that divining some policy goal-seeking behavior could be a fool’s errand, and the first stage of late onset MAGA. Maybe there’s a vaccine for that.
Whose bidding is Trump doing? He’s a puppet and his family will be allowed to gain but I don’t think for a minute he’s calling the shots. Maybe he thinks he is; I don’t doubt that. Who is holding the control? This is all so much bigger than Trump. It’s bigger than Putin. It’s bigger than Xi. Anyone wager a guess?
I give up!
Since 2015, I have always believed Trump has been Putin’s sock puppet, with Putin’s goal being destabilization of the US and weakening of the Western alliance. Leading up to Trump’s political career, there were too many bailouts and payoffs along the way from un-named oligarchs overpaying for Trump real estate for this to be a coincidence. All told over the years, he was bought for a few hundred million in well-timed transactions, a little bit of kompromat, plus the promise of tipping the presidential election when the time came. It’s the simplest narrative, and the only one that fits every time.
Different topic — is anyone noticing the current parallels in the US to the Liz Truss fiasco? Proposed unfunded tax cuts
for the rich, domestic currency falling, domestic housing market freezing up, etc.
Was it the 1990’s that the King of Debt started buying golf courses in Scotland for cash. Also, if I recall correctly that was when Don Jr started bragging about all their Russian connections.
Not me.
Have a look a yesterday ‘s Notes From Disgraceland post.
I’ve been thinking about this for a long time, but it was unimaginable as a reality. Now I am realizing how unprepared I actually am for the unthinkable.
Now I think about the P2025ers and most of those in his Cabinet as MAGA loyalists. I don’t think they are aligned on everything and P2025 is just trying to roll back the clock. I don’t think p25’s primary goal is absolute corruption like the MAGAs nearest the ‘person.’ They are just piggybacking on a popular and senile old man who could get them the votes. Like Reagan and the clueless W, stuffed suits that would follow along.
My hope is they 25th amend him. Soon. And at least move toward more rational autocratic ideals instead of this chaos.
I may spend the day thinking about Swiss bank accounts and the dictatorial actions a regime may take to prevent flight of capital.
I’m lonesomer than hell. With women, I don’t do well. I wonder, can folks tell I voted for Trump in ’24?
I’ve been down on my luck. I drive a run-down truck. I love to yell “YOU SUCK!” I voted for Trump in ’24.
And when it comes to thinking stuff, I’m certain I’m superior although my misspelled tattoos kind of brand me as inferior.
The decorating that I’ve done on my house’s interior is from Trump’s store online. (12 more payments and it’s mine!)
There’s junk cars on my lawn. My insurance is gone. Dementia’s coming on. I voted for Trump in ’24.
My teeth are fallin’ out, but if those seeds all sprout, I’ll soon be rich, no doubt. I voted for Trump in ’24.
I voted for Trump in ’24. So far, I have got less instead of more.
I’ll vote for him again in ’28 if I am not a federal inmate.
For me, this ain’t no phase. It’s Trump that I will praise until my dying days. I voted for Trump in ’24.
Outstanding!
We’ve got a nominee for best new country music artist!