bobburgess.bsky.social
Bloomberg Opinion Executive Editor and markets/eco columnist. Former Executive Editor for Global Markets. Opinions are my own.
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Prolific Poster
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www.bloomberg.com/news/article...
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Seriously (2/2)
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“It’s inflationary and it’s confusing,” Perot said..., adding that he remains a Trump supporter despite his concerns around tariffs... “The business community I’ve talked to, everybody’s kind of on hold to figure what the pricing is going to be.”
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But who needs FEMA or NOAA?
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"The judiciary denying Congress this flexibility is like the court telling us to fight a war today with 18th-century muskets."
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"The theory is also head-in-the-sand foolish as a practical matter. We aren’t living in 1787. The world is infinitely more complex than it was. Logically, Congress should be able to try out forms of governance appropriate to contemporary conditions if we want to prosper as a nation."
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“When we were talking about the sovereign wealth fund, and I said, ‘monetize the balance sheet,’ I promise you, that’s not what I had in mind,” Bessent said of revaluing the gold. Pressed on whether it’s on the table, he repeated, “That’s not what I had in mind.”
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Most probably don't realize that China has already massively reduced its holdings of Treasuries, by $548 billion since the peak in 2013 at $1.32 trillion to $768.6 billion, TIC data show.