Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
Trump’s Right About US Borrowing Costs. But He Misses The Irony
You've heard it before, in some cases from me: There's something inherently absurd about the notion
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
MAWA=Make America Worse Again….and Again….and Again
I’ve always been a mouthy beggar since I started school. Usually I am ahead of the chains, as it were. This time I was just plain slow. Trump may have a legit economic reason to want interest rates lower but I just figured out why he really wants them down. He hates the idea that our rates are higher than those of other countries he considers to be of lesser stature. He’s got a list of what would make us great again and having the lowest interest rates is on that list.
Nothing, except perhaps tariffs, gets the ‘king of credit’s’ attention more than interest rates. The man is not a deep thinker. He’s never contemplated nuance. His favorite meal of a well done Big Mac is the same as it was at 15. He hasn’t changed since he slugged his 2nd grade music teacher. And now all Americans own this sh..t show whether we like it or not.
I hear Carney in those words. But he – or his country – is a bad example due to a weak balance sheet and an economy too tied to anothrt.
Then there is Norway. Largest owner of U.S. equities, richer than any other non-Gulf country. Occupying a global cornes like Irkutsk (sp?) in the game Risk. (i.e almost unattacable). But too small.
So the US wins because it is big and can make a mess of little guys. But China can do that too and some global countries are finding China the bber choice (risk).
Trum is screwing the pouch.
In the same vein, there is some absurd about the fact that Microsoft is sporting AAA credit rating when it is no longer beyond coercion by the government of its home country, whose ratings were downgraded partly due to erosion of institutional credibility…
He’s now suing the Treasury Department!
The Madness of King Donald!
Or Don ald King!
https://chatgpt.com/backend-api/estuary/content?id=file_0000000095b0722f92fb53329a04f1ae&ts=491598&p=fs&cid=1&sig=93d524e2923af203b963af0e5292b9585a81bbfa751fb80609cd1e2dac35dfe7&v=0