Stocks rose after Trump partially pulled back on tariffs, recovering most of the losses his tariff announcement caused, but bonds did not.
US Treasuries calmed after Trump pulled back, but didn't recover recent losses.
The global loss of trust in the US, and the safety of US assets, remains.
US Treasuries calmed after Trump pulled back, but didn't recover recent losses.
The global loss of trust in the US, and the safety of US assets, remains.
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Comments
I am not sure Trust could ever be recovered. Trump triggered the movement to move away from USA and USA assets because of the chaos.
And we of course know, SEC will do nothing
The world view of America has also worsened through all this. It wasn't stellar to begin with.
I hope Americans realize #tariffs on China, Mexico & Canada are the tariffs that will impact Americans the most since those countries supply 40% of US goods imported.
Look no further than North Korea, Russia, etc.
It has created a post war world where the EU, China & India are the great growth economies...the world is about to pivot.
Even Heard Island P-bonds (P=Penguin) carry less risk than the US t-bond
This isn't over, the remaining tariffs will still do economic damage, and the other ones could easily come back.
To recap:
-makes up a non-sensical crisis
-takes the economy to the brink of collapse
-"saves" the country and takes victory lap after victory lap
-has ZERO trade deals to show for it
So much winning!