Once not an issue, the fate of the us economy, the dollar and the bond market may now wrest on Congress taking away Trump’s power to tariff. You’ve got to keep the matches away from the kid.
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Don't hold your breath. As long as Trump maintains the support of his MAGA cult, the spineless Congressional Republicans will take no action to stop Trump. The Republican Party is no longer a legitimate political party. It is a cowering collection of liars, sycophants and true believers.
Trump has started the economy tanking and pulled out of the nose dive this week. The economy plane now has a broken tail rudder and little power. The exisitng tariffs and rising bond yields will cause prices at Costco, Home Depot, Walmart, Target, etc to rise 3-5 times in the coming weeks/months.
The problem, as we've already seen, is that each time you go to the edge of the cliff, the edge destabilizes more and no one knows when it will collapse.
I'm honestly surprised that CNBC doesn't do special shows to illustrate the real danger to the USA. They need to explain it in simple terms; that investors are pulling away from investing here. This seems to be an actual long-term threat to this country; yet people aren't aware of the true reality.
Correct. If investors and visitors are afraid to travel to America, which at least half the world is, why would they be comfortable investing here? I don’t think they will.
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mit dem Feuerzeug. The Very Sad Story of Pauline with Matches, from Der Struwwelpeter