i hope your day was tariffic and not tarible.
was the tariff rate shift intraday, or if you paid the steeper duty this morning do you get a partial refund?
i remember when people used to say China’s stock market wasn’t really investable, because its movements were dominated by unpredictable choices by government.
does this mean we are no longer liberated?
@admitsWrongIfProven maybe all we ever needed was Xanax.
it’s really funny people actually persuaded themselves Musk would be the voice of sanity.
i mean, he tweets. he has for a long time.
“it turns out that a statistical aggregate economic gain does not produce an increase in real world human well being if all of that statistical gain is captured by a single, tiny powerful interest group.” #HamiltonNolan https://www.hamiltonnolan.com/p/an-international-minimum-wage
how long before this all shows up in prices at Walmart?
“He has to blame immigrants and the disabled, because to blame anything or anyone else would be to question capitalism. Which cannot be done.” #ChrisDillow https://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2025/04/governments-vs-capitalists.html
the hubristic "best and brightest" are responsible for many, many, failures and catastrophes.
it does not follow, however, we are learning, that we should therefore vest power in the worst and the stupidest.
not sure the Fed's balance sheet keeps shrinking.
( source https://fred.stlouisfed.org/series/WALCL )
Graph of the Fed's total assets, which jump during the financial crisis, continue to rise over years of QE, begin to decline but then jump sharply during COVID, peak at about $9T around 2022, and have been declining since.
this is what retribution looks like. against existence itself. against anything or anyone that might have or might yet annoy him.
@dpp that’s shockingly creepy.
If Trump remains obstinately on this course, a US recession (at the very least) is certain. Whether the recession is global depends whether rest-of-world big economies can get over either their austerity fetish or their unwillingness to seriously tax the very rich. 1/
(Traditionally, it's deficit spending that's considered stimulus. But taxing the very wealthy affects overall demand almost not at all, while government spending still stimulates demand. Investment spending is a function of anticipated consumer demand much more than rich-person wealth.) /fin
on March 31, I placed an order for a customized Mac laptop, trying to beat the tariffs. it was scheduled for delivery April 14. a payments glitch meant the order wasn't actually placed until April 1. the laptop was delivered to the local Apple Store April 4. I think they too were trying to beat the tariffs.
John Roberts' "entire project has been that of imposing strict limits on the remedial power of the courts… this has the effect of permitting the 'bad men' of American public life to make the law their perch and not their terror." #RobertBlack https://eveningconstitutional.net/john-roberts-counsels-despair/
The fact of the matter is the Biden Team did a pretty phenomenal job on jump-starting the reshoring of strategic industries, especially given the constraints imposed by an often bad-faith Congress.
As @ryanlcooper predicted, we are blowing that all up. https://prospect.org/economy/2025-03-14-donald-trump-destroy-american-manufacturing/
See also https://bsky.app/profile/triforcecap.bsky.social/post/3lmag5seab22j
basically everything's gonna become like prescription drugs, if you live near the Canadian border you do your shopping there, right? or are they gonna impose duties on the Walmart haul in the back of your SUV?
legalizing fraud hasn’t made crypto prices go 🚀. who woulda thunk.