Trump has trashed a century of trust & confidence in the US economy. The bedrock has been stability, predictability, rule of law. This imbecile wrecked it in months. Things will get worse because Republicans have no guts to challenge stupid. https://www.cnbc.com/2025/04/12/investors-are-growing-concerned-about-a-us-asset-exodus-as-treasuries-and-the-dollar-decline.html
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There is no security in American currency 💵.
“I think if confidence was dented enough, uncertainty was high enough, individuals and businesses put off decisions long enough, that could WILL (cause) a recession.”
https://www.usatoday.com/story/money/markets/2025/04/12/investors-dumping-bonds-stock-market/83028542007/
Only when their bank accounts plummet will they take cautious, little steps away from the Fuhrer.
that was the plan
And they are both misappropriating federal funds.
Then there is the market manipulation.
https://www.pbs.org/newshour/economy/mistakes-paul-krugmans-greg-mankiws-and-my-own
8 years of Bush...
4 months of Trump and the bond markets are spooked.
Mainly because the Trump Administration has started trade wars with all the major holders of US bonds - other countries.
Japan, China, Canada, Mexico - they all have major holdings.
And if the US decides to force economic contraction on all these holders, much like what happened during covid, they will have to sell these holdings.
Something good, I imagine.
Anywho, if Republicans desire to continue deficit financing the basic operations of government because they WILL NOT raise income taxes, the ability to finance..
But hey, I'm sure they know what they are doing. I'm sure something good is going to happen. Just put your head phones on and listen to the policy makers work.
is what I meant to type.
But what is @pkrugman.bsky.social thinking now?
https://paulkrugman.substack.com/p/the-third-worlding-of-america
He's destroying this country on purpose and maga (Republicans don't exist anymore) won't fight it bc they want to destroy this country too.
Nobody buys treasuries for cheap so instead of offering at 4.750 / 20 year bond pay 8 or 9%
And than the spiral is none controllable.
I don't know of a single ally that could trust this regime, aside from Israel perhaps. Maybe Ecuador. The rest of us feel betrayed.
They must not only impeach Trump, prosecute him and his allies: they must change the system and get rid of billionaires.
I see people saying MAGA is getting tired of trump, that’s not what I’m seeing!
No matter how hard life gets for them they’ll never abandon that piece of shit.
Don’t worry about habilitating, exterminate!
They can have Trump do it and not face the political consequences themselves.
It's less about Trump & more about the greed and control of fulfilling the mandates of Project 2025.
A weaker dollar increases costs. It also increases the interest rate on our federal debt.
Another cost of his harmful presidency that will be hard to reverse.
He's basically playing Calvinball with the world economy.
USA needs to finance its enormous debt and annual deficits - and noone lends money to unstable countries 😉
(At least not at favourable rates ;))
You had your chance and you blew it
That is rapidly changing. And everything Trump is doing or is planning to do will make it worse.
#WeThePeople can’t allow this.
the point where resolution will simply
not be possible without vast copious
amounts of ultra-violence and a great
spilling of blood. Theirs. Not ours.
That is the ugly fact & truth.
Will Mexico, Canada, Europe, Japan, Australia, & South Korea ever think so highly of the US as a familiar, friendly cultural-center as they once did?
Nope.