“.. the real credit, Mr. Trump’s advisers admit privately, should go to the bond markets. Mr. Trump’s decision was driven by fear that his tariffs gamble could quickly turn into a financial crisis .. directly attributable to only one man.” @nytimes.com www.nytimes.com/2025/04/09/u... - ThreadSky

carlquintanilla.bsky.social • 4 days ago

“.. the real credit, Mr. Trump’s advisers admit privately, should go to the bond markets. Mr. Trump’s decision was driven by fear that his tariffs gamble could quickly turn into a financial crisis .. directly attributable to only one man.”

@nytimes.com
https://www.nytimes.com/2025/04/09/us/politics/trump-tariff-pause-be-cool.html

Comments

n0rmalguy.bsky.social•4 days ago

can anyone explain why last night was a crisis but not Jan-Mar?

fillmoreeast.bsky.social•4 days ago

I am not an economist, but it seems to me that rates were coming down from the highs created by high inflation and tight credit from the fed. The fed loosened a little and inflation was coming down so the bonds were following. This was a good thing. Then a BIG reversal and OMG! Also,

fillmoreeast.bsky.social•4 days ago

Also, increasing interest rates on bonds throws his whole plan to create lots more debt. Debt service becomes a budget buster.

carriesweet.bsky.social•3 days ago

Plus they probably figured this was the primo moment to cash in on the pump and dump scheme.

seenitbefore.bsky.social•4 days ago

Bonds are instruments of debt. When has the Don ever failed to pay every penny he owes?

mreddie8976.bsky.social•4 days ago

The bond market storms the bridge:

https://www.youtube.com/watch?v=Wiy7SrnbQn8

petertast.bsky.social•4 days ago

It’s not over yet

larrymcva.bsky.social•4 days ago

And yet some people think we are drowning in chaos....

robogeographer.bsky.social•3 days ago

It still can! We can only hope!

shaneway.bsky.social•4 days ago

The risk of default mounted ever higher and the risk of a coalition that excludes the US including countries with moderate or no debt was very real. Still is. He isn’t unpredictable. You can count on him not keeping his word. Every rational leader of any foreign country knows that to be fact.

zengali.bsky.social•4 days ago

tcishere.bsky.social•4 days ago

Don’t leave a paper trail, he means. Just buy my shitcoin first.

juanrive.bsky.social•4 days ago

Finally the bond vigilantes doing something good @pkrugman.bsky.social

raymondschrab.bsky.social•4 days ago

Maybe. But do you really think he understands all this stuff?

lindarn.bsky.social•4 days ago

Dah

muirwithin.bsky.social•4 days ago

So he did the natural thing any leader would do: commit securities fraud by pumping his own stock before he made the announcement…

Most blatant fraud-on-market of all time

hangten500.bsky.social•4 days ago

I smell Insider trading from Trump Family and cronies. SEC get busy and do your job.

thinkingitover.bsky.social•4 days ago

Or maybe it’s that the millionaire and billionaire class bought up enough of the bargain basement priced stocks and it was time to send the market through the roof so they could add a few zillion dollars to their bank accounts.

jonathaneveritt.bsky.social•4 days ago

How likely is it that the damage is already done? Today's reversal felt like trying to reinsert a Jenga piece.

joshroman.bsky.social•4 days ago

Everyone focusing on tariff impact (a tornado) while DOGE cuts and uncertainty eat away at capex, employment, and consumer spending (termites.) The house is collapsing; is it fast or a little less fast?

handlehaveruno.bsky.social•4 days ago

You won't know until you see what the rest of the world does over the next three months. If they line up to catch the excess inventory from China, and those deals aren't denominated in dollars, then the tower is falling already.

fascismheckler.bsky.social•4 days ago

likely won't be a complete crash but still not good. It's like playing chicken and then dodging into a street light at the last second. Not good but you at least didn't get a head on crash with something as big as you and moving as fast

shriketron.bsky.social•4 days ago

He hasn't dropped the tariffs on China yet, so the bond market has its neck spread out.

So is this now just a game of blame shifting? To blame China for crashing bonds, not PuppetKing?

hmeisler.bsky.social•4 days ago

cc @conorsen.bsky.social

the1andonlyd-r-e.bsky.social•4 days ago

How do we even know he's reversed the tariffs? How do we know he won't reverse the reversal? Don't you think you should ask those questions instead of just reporting the same shit as everyone else??

peebsy0.bsky.social•4 days ago

Someone told him China owns a lot of bonds? 😅

praisethetsun.bsky.social•4 days ago

Japan owns even more

kimtc.bsky.social•4 days ago

That is exactly it. The real excitement will be when China calls all its debt.

halfcourtshot.bsky.social•4 days ago

Imagine if they start dumping US housing.

brianjm.com•4 days ago

He increased tariffs on China today again and said they will stick. I don't follow how his move would be related to bonds that China owns?

annasonfire.bsky.social•4 days ago

Lutnik, Taylor Greene and others had invested heavily in Bonds recently expecting it not to be impacted as dramatically. He's only backed down because his friends are losing money.

elliskatz.bsky.social•3 days ago

I think it already did turn into a crisis. And now investors see they can no longer trust the U.S. financial system, thanks to a lawless POTUS, totally unconstrained by majority GOP House & Senate, who can do this all over again whenever he feels like it. No guardrails.

bonfire25.bsky.social•4 days ago

Hilarious bc Trump doesn't even understand ANY of this. I honestly think Bessent threatened to resign if Trump didn't stop the madness that would have made his job impossible.

They don't even have a Deputy Treasury Sec't in place (!!) so Bessent's on his own here...and fucking miserable lol.

choosethetruth.bsky.social•4 days ago

Unfortunately, every crisis that will befall us over the next 3.5 years will likely be “directly attributable to only one man”.

joehlima.bsky.social•4 days ago

The bond market told him he "did not have the cards."

riverdaleboy.bsky.social•4 days ago

Hard to think of less trustworthy sources

austidog.bsky.social•4 days ago

“Could”

dbmichele.bsky.social•4 days ago

Tiresome.

hoon.bsky.social•4 days ago

4.5% 10yr rate is the bogey

https://bsky.app/profile/hoon.bsky.social/post/3lmfusoozt22h

annasonfire.bsky.social•4 days ago

The Bond market that Lutnik, Taylor Greene and many other Trump allies invested heavily in hoping to ride out the storm. They've only backed down because they will personally lose money.

mdouglaswray.bsky.social•4 days ago

Reminds me of the coke and hookers scene in the first Robocop.

They thought nothing could wrong.

Trump almost got cashed out.

dropdea.bsky.social•4 days ago

Because he's a lazy, incompetent ignoramus.

Asked on Wednesday how he would decide on any further exemptions, Mr. Trump said: “Instinctively, more than anything else. I mean, you almost can’t take a pencil to paper. It’s really more of an instinct, I think, than anything else.”

dropdea.bsky.social•4 days ago

He's truly deranged. And pathetic.

halfcourtshot.bsky.social•4 days ago

The bond trade table is always filled with the smartest people on the floor. They still are going to be looking for safe heaven tomorrow. And for a long time. That is how much Trump messed up.

jjr3.bsky.social•4 days ago

By law, Congress controls budgets and taxes. Tariffs are taxes. The @GOP are still frightened enough of Trump that they’ve given him leeway to destroy the world economy through his stupid tariff ideas. Either they get slaughtered in the midterms or they take back control in Congress of tariffs.

wbrushing.bsky.social•3 days ago

No one volunteer to hold his beer, please

arcapelian.bsky.social•4 days ago

It's similar to the Liz Truss mini budget debacle, which forced her to backtrack, which ultimately cost her her job.

dfval.bsky.social•4 days ago

If only there was a historical precedent that could have predicted this!

friedajparkin.bsky.social•4 days ago

See Sens Warren and Schiff

friedajparkin.bsky.social•4 days ago

Market manipulation! He and his cronies made a bundle today!

rikkitrevi.bsky.social•4 days ago

RICO.

pamelaporter.bsky.social•4 days ago

He came *this* close to causing a financial meltdown on par or worse than 2008 and Republicans in Congress refused to intervene. Instead, House actually voted to give him unfettered power to DO IT AGAIN. World leaders should insulate themselves as much as possible from his next brain infarction.

stoney.monster•4 days ago

Did he reverse though, really?

favcolor.bsky.social•4 days ago

How does the public confirm that this has happened?

I see the press reporting that he said he did, but, did the press see evidence of this having happened?

I looked on the https://whitehouse.gov site & couldn't find a recorded amendment to his liberation day tariff document dated today.

It his his word?

stoney.monster•4 days ago

Shrug! And even if he did really do it, the remaining tariffs are still disastrous!

favcolor.bsky.social•4 days ago

100%

ddotdisplay.bsky.social•4 days ago

90 days is like an eternity to him.

avantisanti.bsky.social•3 days ago

I thought we were getting liberated?

emodaddy666.bsky.social•4 days ago

"he says what he means and he means what he says" he dont even stand on his own business, shit is crazy bro has to be slow

bobboyat58.bsky.social•4 days ago

He must have some real morons around him.

jheart84.bsky.social•4 days ago

I don’t know. I don’t think we can quite understand the brilliance of what Ron Vara is up to here.

swannknight61.bsky.social•4 days ago

It is a financial crisis directly attributable to only one man. Tariffs remain a tool of manipulation and will remain so because he has put criminal financial goals ahead of people.