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An ‘Insane,’ ‘Crazy,’ ‘Embarrassing’ Fiasco
It's a good thing "you can't really watch the stock market," as Donald Trump told Maria Bartiromo ea
Boom like implode …
I can’t understand why you think they didn’t do the homework!! Those penguins need to pay.
https://www.nytimes.com/2025/04/03/business/economy/trump-tariffs-heard-mcdonald-islands.html
Sorry
THOSE PINGWINS NEED TO PAY!!!!
Thats better !
It’s the ridiculousness of it all that is the big problem. The breakdown in credibility is insane and who would want to negotiate with the people that thought this all up? Who reasonably expects to achieve a lasting trade agreement with those same people? And what will be the goal, achieve zero trade surplus / deficit with each individual country? Not even like 20bn surplus with country A and 20bn deficit with country B?
No, H., you have been very right from the start. In my own simple words, the Republicans needed to find a new source of tax revenue to fund further tax breaks for the rich. Couldn’t tax poor people’s income if they didn’t have it, so decided to implement a VAT system, I mean tariffs because a president can’t just implement a VAT system by executive order. The best thing for the rest of the world is probably to just ignore it all, don’t implement new tariffs and just try to do business with other countries. No point negotiating and the US voters will do the rest at the next election.
America’s lost its shit and maybe finally, some people are waking up to that fact.
The incompetent cruelty is intentional. The MAGA Nazi movement is a nihilistic anti-human hate cult with the only goal being to destroy and make as many people as possible suffer. The suffering is a psychological warfare tactic designed to force capitulation to the tyrant.
Pulling from the piece, we can shorten the sentence: “it’s a tariff “formula” written so as to goal-seek the elimination of trade”. The goal is walled kingdoms with misery so vast that the only respite is from the favor of the king.
Even those who are not suffering from the MAGA Psychosis are still generally handicapped by their own cognitive dissonance, stuck in paradigms that the world can’t possibly be this bad, we aren’t seeing the second great rise of Nazism. It is and we are.
Agreed hopium
“Psychotic Anarchist”:
The phrase “psychotic anarchist” could be used to describe someone who holds anarchist beliefs and also experiences psychosis, or to suggest that someone’s anarchist views are rooted in a mental illness.
His whole band of bozo’s are Anarchist, pretending to be Patriots. They prove it everyday.
Ever notice that Anarchist and Antichrist are on a couple letters different?
It is funny to recall that a few weeks ago, reports were USTR Greer was seeking to take leadership of tariffs away from Lutnick, in order to better manage the process. Now Greer has fallen on his face and Lutnick is all over the tariff news reports again.
There’s four who can take the fall: Lutnick, Greer, Navarro, Miran. I’m guessing the latter two are safer than the former. Bessent seems to have distanced himself from the tariff fiasco, and can probably convince Trump that falling interest rates are his accomplishment.
I’m quite sure Trump is furious about the stock market plunge, it is all over Fox News. He’s not going to be happy at the coming economic data either. Or the next market downdraft to come when 1Q guides come in stinky.
Alongside Vance, Bessent is the other Thiel agent so he is probably safe. Navarro went to jail for the president. The others?
The most amazing part of this fiasco is his continued insistence that he doesn’t care about stock prices at all.
Bankrupting multiple casinos before gambling was widely legalized and game-ified is all you need to know about Trump’s poker (joker?) face and skills. Maybe that’s a good way to resolve this trade crisis, or any crisis involving Trump — make him sit down with any or all of the conflicting parties and have it out in a poker match. Maybe it’s about time we switched from being tired of all the “winning,” to actually benefiting from some losing.
Trump may not care about the market (he doesn’t really own stock, mostly has real estate and bitcoin). However, the millions of voters watching their IRAs, 401ks and other retirement scams (plans) crash are not as friendly to the Junta as they once were. They have lost billions of their hard-earned retirement savings this week with more to come.
As soon as we can onshore our lost garment industry all will be OK, give it a few months, things will surely add up (sarcasm). The hotdog line at Costco was unusually long, today.
H-Man, more akin to Nero fiddling while Rome burned. This downdraft has legs so don’t be surprised when Nero claims victory by reducing tariffs as the market goes into a death spiral. And the when the economy is in ashes, Nero will blame it on the usual suspects.
Something will break soon and America’s Liz Truss moment is right around the corner.
It is almost as if none of Trump’s economic team are even remotely familiar with the works of David Ricardo.
Now imagine if some of our (former) trading partners were to work together to uniformly–perhaps even strategically–boycott as many US goods as possible, for as long as possible. We could actually wind-up losing jobs, no?
Bingo
That was the suggestion made in the Economist yesterday.
Or anybody else, for that matter.
Not that I think Trump is a great strategist, but I wonder what else the Trump administration is doing while all eyes are on the tariff announcement and fallout? I imagine people like Stephen Miller plan for these moments.
Gee, seems like tRump needs a war to distract us to the next insane folly…then the next and so on…hello Iran!
That is being talked up a bit. The president needs a foreign policy “win” since his peace keeping efforts with Russia/Ukraine and Gaza do not seem to be yielding “wins”.
Bonds are rallying. Yes stock market is correcting with chances of Recession. Why is Recession a bad thing?
Because GOP voters will lose jobs and money, that’s why.
A possible explanation is that a foreign intelligence organization successfully penetrated the White House.
It did, early in 2017, the former head of the KGB stopped by for a chat and Trump shared top-secret documents with him and bragged about it.