The Dow is down over 1600 pts. This is precarious. We have an impulsive ignorant president, who loves to bully the world. It backfires. The bond selloff gets Bessent and Lutnick to get him to back off. But then - he takes a victory lap. And the whole world sees what a needy nutball he is. Not good. - ThreadSky

ourshallowstate.bsky.social • 15 days ago

The Dow is down over 1600 pts. This is precarious. We have an impulsive ignorant president, who loves to bully the world. It backfires. The bond selloff gets Bessent and Lutnick to get him to back off. But then - he takes a victory lap. And the whole world sees what a needy nutball he is. Not good.

Comments

bluepointer.bsky.social•15 days ago

The stock market is a beauty contest. The bond market is a voting booth. Non economist nerds are starting to learn this.

ourshallowstate.bsky.social•15 days ago

We are the land of Fox News, used to false narratives revolving around Trump. The rest of the world has false narratives, but not with the Trump at the epicenter of every single one. Now they grasp it. The most dependable country is now run by an unpredictable narcissist. Markets don't like this!

santacruzmag.bsky.social•15 days ago

Markets don't like this but Republican voters have been taught to like whatever their furor tells them to like so the Orange idiot still has around 42% support for his temper tantrums.

ourshallowstate.bsky.social•15 days ago

They get their information from echo chambers and social media algorithms. It's built a powerful army of low information voters - not all stupid and ignorant, many are, but others are culturally skewed, emotionally captured, and addicted to dopamine releases they get from 'owning' the other side.

tagohio.bsky.social•15 days ago

Also, the US is no longer dependable because its citizens keep on voting for idiots and criminals to represent them.

tagohio.bsky.social•15 days ago

And see our Congress nervously twiddling their thumbs and doing nothing. The drop in the market and bond selloff is their fault as much as it is his.

fakeconsultant.bsky.social•15 days ago

1) Truth is, "Congress" might be able to shut this down, burt Congressional Dems lack a majority in both Chambers -- and stopping trump will require a 2/3 majority, House and Senate, as he will veto whatever "stop it!" bill they send him

Happened in his first term and couldn't be stopped

fakeconsultant.bsky.social•15 days ago

2) Here's an excellent explainer of the process from the CRS

https://www.congress.gov/crs-product/98-505

fakeconsultant.bsky.social•15 days ago

"90 day delay" for any business planner means: "How much product can I afford to frontload and warehouse in the next 90 days now that everything costs 10% more?"

televisedanarchy.bsky.social•15 days ago

hunjun.bsky.social•13 days ago

Empties pool of water and wants accolades for partially filling back up, while process creates cracks in pool wall.

milawlit.bsky.social•15 days ago

Tariffs were playtime to meet his deranged needs

https://www.wsj.com/politics/policy/trump-tariff-rollout-decisions-46dc0959

susanmills158.bsky.social•15 days ago

He created the crisis then takes credit when it reverses today its back down again!

lat428.bsky.social•15 days ago

Nobody trusts him.

cindic324.bsky.social•15 days ago

Bessent and Lutnick are clearly not helping at all. I think someone outside of trumps orbit told him to rethink tariffs !

Comments

Posting Rules

Reply