youtube.com/watch?v=NYWs...
Uhmm, I came across this YouTube video explaining lutnick past and how he made his billions and how he profit from volatile markets. @stephruhle.bsky.social, what are your thoughts on this? I think the media should report more on this. #11thhourmsnbc #USAEcon #morningjoe
His people don’t know what they’re doing or what they want substack.com/app-link/pos... #USA #usaecon #
Even after consumption shifts, the average tariff rate will be 18.5%, the highest since 1933. budgetlab.yale.edu/research/fis... #Yale #Tariffs #Trump #usaecon #USA
Usually, Americans can get by perfectly well without ever thinking about the intricacies of international finance and the bond market. substack.com/app-link/pos... #Economy #USA #usapoli #usaecon #cdnpoli
Yields on usually steady U.S. government bonds have spiked sharply. It’s a sign that Trump’s trade war has shaken faith in the U.S. economy. nl.nytimes.com/f/newsletter... #USA #usapoli #Canada #cdnpoli #usaecon #TBonds #Bonds
If the bond market continues to drop, that will effectively bankrupt the country. And bankruptcy is something Trump knows a lot about.
www.msnbc.com/top-stories/... #USA #usapoli #Bonds #Tariffs #USAecon #usaecon #cdnpoli #USTreasury
Just doing trade with the U.S. isn’t enough: countries will have to pay for the privilege, and being allies isn’t enough - we’ll have to pay protection money. substack.com/app-link/pos... #USA #cdnpoli #cdnecon #Tariffs #Smoot-Hawley #usapoli #usaecon #Trump
Noah Smith has graciously made the choice to remove the paywall.
Enjoy!
substack.com/app-link/pos... #USA #usapoli #Trump #usaecon #Tariffs #venezuela #ElSalador #AbregoGarcia #JoeRogan
To be clear, relative to any reasonable measure of the economy’s potential to deliver broadly shared wage growth or relative to previous historical periods, the post-1979 period has been terrible for typical workers. www.epi.org/blog/wage-gr... #cdnpoli #usapoli #cdnecon #usaecon #cdnlabour #Wages
We’re clearly looking at tariffs driven by id, not ideology — Trump’s biggest motivation seems to be the desire to see other countries grovel. open.substack.com/pub/paulkrug... #USA #usapoli #usaecon
Michel notes that manufacturing as a share of total employment in the U.S. has been dropping since 1943. Yet manufacturing’s contribution to U.S. GDP reached a record in 2022. open.substack.com/pub/petermen... #Trump #USA #usaEcon
There’s Trump the bundle of bad policy ideas, Trump the destroyer of institutions, Trump the fountain of post-truth grievance. It’s hard to take the time to dwell on the man himself—to focus our attention on Donald Trump the clown. open.substack.com/pub/thebulwa... #USA #usaecon #Trump #Coal
House Speaker Mike Johnson, R-La., said Monday the House will give President Donald Trump “the runway to do what it is he was elected to do,” doubling down on his previous comments...
www.forbes.com/sites/mollyb... #USA #usapoli #usaecon #Tariffs
Where real danger might lurk in chaotic markets The further prices fall, the greater the risk of a "doom loop"
www.economist.com/finance-and-... #USA #usaecon
Broadcom announces new $10 billion share buyback plan www.msn.com/en-gb/money/... #USA #usaecon #Tech
The infamous Smoot-Hawley tariffs helped fuel the Great Depression, which significantly contributed to the conditions that led to World War II. Today’s tariffs are much, much higher. This isn’t “Liberation Day”—it’s Desperation Day!
#TrumpTariffs #USAecon
Consumer Confidence Plunges To 4-Year Low As Recession Anxiety Resurfaces
www.forbes.com/sites/dereks... #Recession #USAecon #USA #Tariffs
Trump doing to US what Putin & his oligarchs did to Russia
Blinds Ukraine when Zelenskyy wants 1994 contract honoured
Tells US there will be pain. Just not for him & his.
#usapoli #usaecon #WestRussia