Joe Ferguson forever

not sure what you mean. trump promised to balance the budget. He's not. They're certainly interested in doing no harm. They didn't impose policies that caused nearly everyone to lose big chunks of their 401k's while simultaneously increasing taxes by $3k through tariffs.

Not blaming the tariffs. I'm pointing out that there is still going to be a 1.5 T deficit despite all the hoopla about DOGE and all the chaos. And much of that deficit is due to renewing massive tax breaks to the rich. How's all that helping main street USA?

looks like my banker friend has company in his thinking. from Yahoo Finance this am Investors are suddenly wondering whether China or a group of US trade adversaries could cause a US financial crisis by deliberately selling Treasuries to drive US interest rates up, which could freeze credit markets. A credit crisis is generally worse than a stock sell-off because if can affect the liquidity companies need to pay their bills, especially if it happens fast. A credit crunch and frozen liquidity helped turn the 2008 housing bust into a financial crash that nearly became a depression. China owns about $760 billion of US Treasury securities, which is 2.6% of total US debt traded in public markets. The share has declined in recent years, and it’s probably not enough for China to weaponize on its own as leverage against Trump in a trade war. China would suffer harm from any credit crisis that hit the United States, which could hinder the ability of many nations to buy Chinese exports at current levels. But the mere size of the US debt load—which will only get larger as Trump pushes for deficit-financed tax cuts—is a vulnerability Trump may not have counted on when he launched his trade war. The higher his tariffs, the more damage they will cause the US economy and the more likely foreign investors are to pull out, putting upward pressure on rates. China sees that and Trump has now shown his sensitivity to the possibility of a credit crisis.

Everything is working as planned. the art of the deal... https://www.marketwatch.com/articles/u-s-budget-deficit-first-half-fiscal-2025-c1468ba5

he's just following the example of the paid propagandists he so admires https://www.msn.com/en-us/money/economy/ar-AA1CFsiR Justin Amash, a Republican former congressman, said on X that the about-face showed how some Republicans’ political beliefs had morphed under Trump to a view they once staunchly opposed. Though the GOP platform once called to “stop the socialists,” he said, it now preached: “The conveniences of modern life are overrated. … Your losses are a small sacrifice for the glory of the nation!” On Wednesday, after Trump’s pause jolted the markets, Johnson — who had just finished preaching about how losing money builds character — reshaped his message for a new phase of the Trump political cycle. “It’s a glorious moment to be an American,” he said on his live broadcast. “So many people just got filthy rich. President Trump, an absolute master.” Renée DiResta, an associate research professor at Georgetown University and author of “Invisible Rulers: The People Who Turn Lies into Reality,” said the shifting stances showed how the influencers strained to protect their brands by bending with the political winds. “They have a connection with their audience that is distinctly different from the media of eras past, and that makes them uniquely persuasive and charismatic and able to command attention,” she said in an interview. “At the same time, a lot of their power comes from their proximity and favored status with the president. … It’s very rare for someone with that kind of influence to go hard against the political movement that helped them rise, gain a following, monetize and make a living.” The split-screen contradictions of MAGA influencers have not gone unnoticed online, where people like Stephen Findeisen, a financial YouTuber known as Coffeezilla, have criticized them for disingenuously trying to score political points. “So when the other side, they lose you money, it’s terrible, people need to speak up now,” he said in a video Monday. “When it’s your guy that you shill for, all of a sudden it’s: ‘Hey, this builds character, have you really even lost money when you’ve lost money?’”

more winning, maga style. https://apnews.com/article/egg-prices-bird-flu-cpi-b0ded420e9f7c0a707277c9c63396a76

Quantitative easing will cause inflation. Which is exactly what trump ran on and was supposed to stop day 1. You know, help the working class. So that result is a loss for them in a big way. Do you believe that was the planned ending for the tariffs? I don't. Neither did Bill Ackman: The whipsaw-like nature of Wednesday could be seen in the social media posts of Bill Ackman, a hedge fund billionaire and Trump supporter. “Our stock market is down,” Ackman posted on X. “Bond yields are up and the dollar is declining. These are not the markers of successful policy.” Ackman repeated his call for a 90-day pause in the post. So trump finally blinked and pretended he had played the markets and won. maybe he did thru insider trading but he sure didn't help the working class. You seemed to have done a 180 on tariffs, now targeting US companies. Better late than never. But what stops those companies from leaving the US all together. In retrospect, things relatively wonderful before the tariffs. So do you believe the 90 day "pause" should be permanent? Should we continue the trade war with China? My answers are yes and no. But at least we seem to agree that this whole thing was/is a massive SNAFU...

yeah, the first one seems a peach. but I'll need to verify. Look at a typical crowd pic from a trump rally. You'll see lots of overripe and overgrown peaches. She's dumb but smart enough to be on the right side. But you're correct. Some people ain't gonna win regardless off anything...sadly, some will lose regardless. Life ain't always fair. but usually...

yup. we are a country composed of 1/2 morons. not a recipe for success. The chinese have a definite advantage. They don't let morons have a say.

yeah, we don't want you back. Some of my compatriots might disagree. You know what I most admired about last weekends protests? Civility..Class. Candor. The 3 C's. and cleanliness was a fourth. No one smelled and there was no littering. oh, and college educated women can be very attractive. there was this comeoniwanna laya party at Skidmore...maybe they still do it. Most of the males at Skidmore were gay so it was a nice party for straight guys.

uh huh. Strategic tariffs. Not 10% around the globe, 25% on cars. 100+ % and growing on China. You're an idiot. I'd much rather her doing the dealing than your moronic, obese, mentally ill (narcissistic personality disorder) cult leader. He's not winning. He showed today that he's losing. If you can't see that, good luck winning personally. No man. He's just a liar. He's good enough at it that idiots on this board believe and defend him.

She's so much smarter than these rubes. Prophets are rarely appreciated or recognized. It's in the bible. Perhaps one of the maga fanatics here can quote chapter and verse.

nah, I'll listen to the banker in my bookclub. And what about China? Ya think if pushed hard enough, the Japanese or any country buying US debt won't retaliate? They'll use every weapon available as will trump. He and you both need to read the "Art of War". Much better than the other bs art book.

it's 4.72 right now dude. pull the trigger. you are so full of shite. it hit 5 overnight before trump balked. https://ycharts.com/indicators/30_year_treasury_rate here's a helpful site for you to invest https://www.treasurydirect.gov/marketable-securities/treasury-bonds/ bill vs bond. educate me "captain" https://www.investopedia.com/ask/answers/033115/what-are-differences-between-treasury-bond-and-treasury-note-and-treasury-bill-tbill.asp

He lost. The good ole boys (D edition) were talking tonight. Bond market caused the fold by trump. t bill's yield went up due to Japan and Euro dollars leaving T bills. They can do it again. China didn't even participate. We don't hold the best hand. This sucks...nobody had a good answer as to what to invest in. It's unknowable with this asshat in control.

that's easy to say in retrospect. NC and catturd were posting pics of trumps leaking ear and pronouncing he'd never surrender...churchill like. except churchill was amazing. trump is a buffoon.

How many ways can you saty "stark". Even in 1997. but you do you. other strange people also seemed to like it. The Boatman's Call received almost unanimous critical acclaim upon release with many reviewers citing it as Cave's most poignant album. Writing in NME, James Oldham concluded that the album is "a stark look at all that he's been through, recounted with withering bleakness and arid humour", noting "Cave's magnificent lyrics, riddled with comic misanthropy and New Gospel humanity", and "their starkly beautiful accompaniments".[6] The magazine rated it as the 23rd best album of 1997

if they're paying $1/hour for labor in China (likely much less), you need a tariff of somewhere near 1000%. for manufactured goods. This isn't rocket surgery...

regret that much of America is stupid? you bet.

I doubt the maga's will read this far on the fox reporter piece e but holy shite. This is some of what he said. the rest is as bed. If you have a mass sale of bonds, that means people are losing confidence in the US economy, on the ability to do deals with us; and from what I understand, this is what forced the hand of this 90-day reprieve. Now, is it a good thing? Are people coming to the table? Yeah, but if, you know, if you read between the lines and not even what what Scott Bessent said, we have no deals, right? There’s nobody that is really there saying, “This is what we’re gonna do,” and they paused it anyway. So, my thing is, well, I’ll give you this: there is some “Art of the Deal” here. And, by the way, brilliant move by putting China in the corner, but that’s a whole separate thing because remember, that’s a very difficult negotiation. Everybody else is a lot easier. They do want to deal with us — whether they want to be, you know, forced into really bad trade deals on their end is a whole other negotiating story

I suspect we had near calamity in the bond market. He was told. He finally listened. And he tried to save face and the US economy by capitulating. This could have been worse than too big to fail 2008 near disaster (which also added trillions to the debt).

He changed his mind. Wasn't gonna work for him