The Many Faces of US Politics...

[OakLeaf]

Bloomberg

"The old 54% tariff rate on China boosted total CPI (Consumer Price Inflation) by 0.35 percentage points. The new 104% rate would lead to a rise in total CPI of 0.67 percentage points.
In other words, if the 104% tariff proves to last , then you should add an extra two-thirds of a percentage point to your inflation forecast. The latest reading of headline CPI is 2.8% (the next is due Thursday). All else equal, the tariffs on China should raise this to just under 3.5%. It hasn't been that high in 12 months.
There seems rare unanimity among pollsters that Trump owed his victory to inflation, more than any other single issue. Inflation by its nature hurts the poorest the most. The people buying cheaper Chinese imports will disproportionately be his supporters. Can this threat possibly be credible"

So Trump's tarifs will increase inflation for the gobshites who voted for him. MAGA

It'll likely be a while before tarrifs show up in the inflation numbers, but as to how many basis points they will add, I don't think anyone really knows. There is no precedent for tarrifs like these. If the tarrifs last for any prolonged length of time, it won't be good. The Orange one is coming across as unhinged.

[J70]

Bloomberg

"The old 54% tariff rate on China boosted total CPI (Consumer Price Inflation) by 0.35 percentage points. The new 104% rate would lead to a rise in total CPI of 0.67 percentage points.
In other words, if the 104% tariff proves to last , then you should add an extra two-thirds of a percentage point to your inflation forecast. The latest reading of headline CPI is 2.8% (the next is due Thursday). All else equal, the tariffs on China should raise this to just under 3.5%. It hasn't been that high in 12 months.
There seems rare unanimity among pollsters that Trump owed his victory to inflation, more than any other single issue. Inflation by its nature hurts the poorest the most. The people buying cheaper Chinese imports will disproportionately be his supporters. Can this threat possibly be credible"

So Trump's tarifs will increase inflation for the gobshites who voted for him. MAGA

But at least they'll sitting pretty owning the libs and drinking liberal tears as the prices for everything skyrocket and their retirement and college fund money vanishes into the ether.

Oh, and they can harass the young girl at work again and call people retards.

[Milltown Row2]

He's quoted McKinley as his idea for the tariffs and McKinley was assassinated ... who knows how these things pan out

[JoG2]

Wonder how much financially Trump and his inner circle have personally made so far in his 2nd term...? Eye watering amounts as the mere mortals bare the brunt of his 'planned' lunacy

[J70]

Click on this if you can stomach it.

This woman Vanessa Horabuena goes to rallies and megachurches and does live paintings on stage of the Orange god king. Even did one at the inauguration.

But it's not a cult. And it's not them who are deranged.

Not sure about her. Maybe she's just making a killing off these morons.

[Captain Scarlet]

There's no way Trump's Billionaire Boys Club mates did not get the memo ahead of all this. I am sure they have been shorting the markets and making money.

Most countries are kips in some ways but their own people will call it out. We can all see the issues we have, but over there one half just won't hear a bad word as it all goes to crap.

[johnnycool]

Anyone understand this Bonds market?

I presume it's bad news for the US when they want to borrow money that no one wants to buy their bonds, pushing up the interest rates and making them more expensive..

[Tony Baloney]

There's no way Trump's Billionaire Boys Club mates did not get the memo ahead of all this. I am sure they have been shorting the markets and making money.

Most countries are kips in some ways but their own people will call it out. We can all see the issues we have, but over there one half just won't hear a bad word as it all goes to crap.

*EVERY* decision has been about personal gain and the gain of cronies. Greenland is about mineral wealth, not security; tariffs and talk of tariffs are/were levers to be pulled to move the market for the gain of very rich individuals.

[OakLeaf]

Anyone understand this Bonds market?

I presume it's bad news for the US when they want to borrow money that no one wants to buy their bonds, pushing up the interest rates and making them more expensive..

In a word, yes. The rates are rising because people are selling. It may be the Chinese, but probably a lot of hedge funds unwinding margin basis trades as well. Either way, a rising 10 year rate is bad news for US debt. The 10 year auction went OK today but if they run out of buyers the US banks have to pick up the rest. That won't be pretty if that happens.

[Wildweasel74]

Trump more flippy flop from day to day.

[armaghniac]

Trump more flippy flop from day to day.

Once Simon Harris arrived, the US administration had to change their tune.

[marty34]

Trump full of waffle.

Making a fortune for himself and mates over this craic.

[J70]

Trump more flippy flop from day to day.

Will his party do anything to clip his wings, or are we doing this all again in 90 days?

Trillions of dollars of wealth worldwide just vanished due to his ignorance and narcissism. He's a f**king psychopath.

[Aaron Boone]

It was the bond markets that did Liz Truss & Kwasi Kwarteng in 2022.

They are the silent killer in many ways, always unconsidered when politicians put their PowerPoint pet projects into the real world.

[johnnycool]

Trump full of waffle.

Making a fortune for himself and mates over this craic.

Some of his advisors went "icky" evidently and that forced his hand.

In one sense he's made 10% tariffs more palatable for a lot of businesses, although I'd still propose that in a lot of instances it would still be cheaper to pay the 10% than move the business into the US with the much more expensive labour/labor rates....