SectionC3

Liquidity lockup. Look at bond yields. Out debt is not attractive. It’s like the plumbing of the economy. Who buys this stuff? China. Japan. Europe. All the people were pissing off. I have no desire to relive 2008. We can’t afford it. But this fool and his tariffs (for what purpose again?) have us headed precisely in that direction.

But does it matter? The country was doing well when he left. Maybe not perfect, but well. And now, it's arguably days from veritable economic disaster. Maybe, just maybe, we should stop worrying about old news and begin to have a *little* concern about the ability and wherewithal of the fool who is driving this country toward an economic abyss.

We disagree. Airports in the Revolutionary War? Tariffing penguins? Thinking Venezuela is a person? This guy has watery eggs for brains.

They're both demented, quote honestly. Biden was slow. Maybe his judgment was good, but he was slow, for sure. Trump talks fast, but he's declined significantly as well.

I always knew I didn’t like penguins. Bunch of MFers who don’t buy our stuff.

What’s his stance on North Korea?

Also poorer. Don't forget that. He's making America poorer again.

So, more QE and more inflation on the way? At least MAGA owned the libs.

And still nothing done about inflation. The war in Ukraine rages on. Major stock indices down approximately 10pc. No reshoring of jobs. But he won a senior club championship and took care of a water pressure "problem." What a joke.

I'll trade a 1 for three years of Addison. All day long.

Looks like Trump leads this party. What a wimp. He caved in a matter of hours. Iraq held out longer during the ground phase of the first Persian gulf war. If tariffs are so beautiful and good and such an excellent source of leverage, why walk away from them in a matter of hours? The old man panicked, plain and simple.

So now you want more inflation? To what end? And I take your point to be that the market won't fail, but things will still be more expensive if this gambit doesn't work. It's a moving target with MAGA. One day it's fentanyl. The next day it's a trade imbalance. Then tariffs are most beautiful. Then they're not. Things were bad under Biden, but we're cool with making them worse for middle America under Trump and raising taxes at the same time. This is just a stupid, pointless fiscal policy untethered to reality or any kind of reasonable economic theory. Nobody knows the answer to that question. Not even Trump in that scrambled egg brain of his. It's pointless to ask. This one isn't going away. The problem we now have is that foreign leaders are much smarter than our leader. They're not going to forget about his whimsy and his willingness to break agreements and to screw with their economies. Underestimated in this whole thing is how badly Trump has damaged relationships with our trading partners. And, if the MAGA response is that they aren't good partners or that we don't want them, then why pull the tariffs before a deal is cut? Normally one keeps that pressure point if it's bad for the adversary and good for us. But I guess it must be pretty crappy and pointless for us because he caved.

I think China leaving the T-bills is one of their nukes in the whole thing. What MAGA would learn, if it wasn't wrapped up in video games and porn, is that the world economy is a lot more interconnected than it would like to admit. Also, with respect to someone else's comment about tariffs working as planned, I'm still confused as to what the point of all of this is. (I suspect Trump is, too.) I thought tariffs were supposed to re-shore American jobs. Or maybe they were to stem the flow of fentanyl. Or maybe it's to rebalance trade. It seems like none of those things is accomplished through this pause. Which makes me think that there was no point to the tariffs in the first instance. Here's the prediction. In the end, Trump will extract some trade concessions from some of the countries (maybe even the place inhabited by the penguins). But they won't do a thing to re-shore American jobs, or stop fentanyl, or even rebalance trade because I understand his worries to be with respect to the flow of American goods, not American services. And, what will happen, to the extent we still have some degree of reciprocal tariffs, is that middle America still will face a Trump tax increase.

That’s where they’re going to hit us, and that’s why debt can be a national security risk. Of course, Trump added more to the debt than Biden, or Obama, and probably further exacerbated the problem with his tax cuts for the rich. A Republican I know at one of those places just summed up Trump in two words: “an idiot.”

I think it’s coming now even after he backed down. Too much belt tightening ahead. Nobody trusts this guy.

The market is still down what, 8pc since the start of the year? Based on uncertainty, because nobody wants to invest here given the day to day uncertainty of the policy of this fool of a president. The soft coat of this is going to be the economic flight of foreign capital that follows. So I wouldn’t count the “no recession” chickens just yet.

Apparently the absurdity of the tariff gambit.

The largest tax increase in American history isn’t going to help with that. But that’s what Trump just did.

Looks like MAGA should work the fields first to get in shape for the factories -

All in the queue behind that deal we're working on with Mexico to pay for the wall.

That's the problem. MAGA likes blunt talk, so I'll deliver it here. It's a group made up in significant part of low-information, and poorly educated voters. They simply don't understand that tariffs are a tax that, in what what will likely be vast majority part, are paid by Americans and specifically American consumers.

There’s a big difference between rebounded and recovered. Dead cats rebound when dropped. It doesn’t mean they recover.

Sweet. Now we encourage China and others to innovate and educate so we can incentivize the lazy MFers who didn’t go to school and didn’t work so they can make socks and assemble disposable crap that’s now going to be way more expensive than before.

They’re losers. Can’t handle it when some disagrees with them. So they call people libtards and block them on social media. Lame.

Shouldn’t be a problem. Needless trade wars are easy to win. All we have to do is “hang tough!”