mccraephilosophies.bsky.social
“How come you to quit the riverboat?” Pea Eye asked.
“I was too young and pretty,” Augustus said. “The whores wouldn’t let me alone.”
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Rubio is such an embarrassment as Sec. of State for the US.
He has no shame.
But a character of slime.
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He's the best president that we never had.
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"The economy feels unpredictable. Tariffs are shifting. The news cycle is nonstop. Workers are tired of being caught off guard, and the anxiety is palpable.
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In fact, 76 percent of workers predict an increase in layoffs this year, while an overwhelming 92 percent are bracing for a possible recession. Some 63 percent believe more businesses will shut down in 2025 compared to last year.
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According to the survey of 1,115 workers, 81 percent fear job loss this year, with 20 percent feeling "much more worried" about finding themselves unemployed in 2025 than they did in 2024.
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2025 State of the Labor Market report, by My Perfect Resume, highlights growing concerns among U.S. workers about job security, economic instability and workplace stress.
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Integrated logistics giant Maersk has warned that on the container liner side of its business, the drop in bookings coupled with the possibility of shipbuilding fees on “Chinese” vessels, will result in a “massive restructuring of all liner services to North America.”
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“Trump’s 145% total tariff on Chinese imports would stop most trade between the U.S. and China,” economist Erica York, vice president of federal tax policy at the Tax Foundation’s Center for Federal Tax Policy, said on Thursday on CNBC’s “The Exchange.”
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“Furniture producers in China have seen a complete halt in orders from U.S. importers, and we’re hearing the same across toys, apparel, footwear, and sports equipment,” said Alan Murphy, founder and CEO of Sea-Intelligence.
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Canceled freight orders and abandoned freight from China are quickly becoming the norm in the trade war between the U.S. and China, according to supply chain executives, as businesses across U.S. industries put a full stop on container exports, with the tariffs hitting like a ton of bricks.
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It's much more than that. It's a fight over who is boss in the world arena.
And the old boss USA stands a good chance of losig this one to China.
Because the country chose the wrong guy and his gang to operate their battle car in this the competition.
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In contrast, the US seems determined to lose friends and allies, whether in economic policy, foreign affairs, or defence.
The upshot is that Trump has started a war that he almost certainly cannot win. And he may even have made President Xi Jinping look like the “good guy” in the process.
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There may even be some in the West who are grateful to Beijing for “taking one for the team”. China’s forceful retaliation against the US has rattled the markets so much that others have not had to join in.
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Many smaller emerging economies will be hit especially hard by US tariffs, combined with cuts in US overseas aid. This provides another opportunity for Beijing to gain more influence.
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A sharp fall in the value of the dollar could further undermine the Greenback’s status as the world’s reserve currency, increasing the US government’s cost of borrowing further.
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The US also has less scope to loosen monetary policy. The Fed is still more likely to keep US interest rates higher for longer as inflation picks up.
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The flipside of China’s huge trade surplus is that US businesses and consumers have come to rely on relatively cheap manufactured goods from China, as well as the rest of Asia. These supplies cannot easily be replaced.
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Unlike in most Western countries, officials in China can largely dictate what big banks do, as well as prop up the markets in other ways.
Contrast this with the position in the US.
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Exactly.
And an additional threat comes now from China. They might use this as the opportunity they have been preparing for, to completely unseat the US from it's financial hub position. Never to give it back.
Thus furthering the US's decline. Actually making it irretrievably so.
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3/ “All this builds up to reduce our trust in economic data, in the politicians, and ultimately, the bond market is based upon trust.
“Whether you call it a ‘moron premium’, or you might call it a half-truth premium or a falsehood premium – it is what has been triggered now with these tariffs.”
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2/.. “Trump repeats complete falsehoods, which permeate people’s confidence and trust in everything which comes out of that administration, which leads then to the bond market,” he says.
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The threat of global fiscal pressures has now been compounded by a breakdown in trust across markets, says Stephen Thomas, professor of finance at Bayes Business School./2
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The longer Trump has to pay the “moron premium”, the longer the US economy will suffer.
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This shows that the “premium on US treasuries remains high”, says Garvey, referring to the extra interest investors demand in return for taking the risk to lend over time.
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And that comes at a cost, as we saw earlier this week when investors dumped US debt over fears that the president’s trade war would trigger a financial crisis.
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“When the issue is a broader loss of confidence in the United States, even a much fuller retreat on trade might not work” to bring yields down, wrote Sarah Bianchi at bank Evercore ISI.
“We’re not sure any of the tools remaining in Trump’s toolkit will be sufficient to fully staunch the bleeding.”
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2/ ... “And all this talk about leverage unwinds and bank selling and whether or not the Chinese are selling and all that other stuff, that’s just an accelerant on the bigger move here.”
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“It’s about what’s coming next, and that’s tariff driven inflation. And that has changed the dynamic within the bond market,” Jim Bianco, president of Bianco Research, said Friday on “Money Movers.” ... /2
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The rising Treasury yields also cloud the outlook for U.S. government spending, and by extension economic growth. Higher yields means the U.S. government will owe more interest on any debt it rolls over or issues for new spending, exacerbating worries about the federal deficit.
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The size and scope of the moves suggest that something deeper may be changing, and that there are investors who are now actively turning away from the U.S.
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The April sell-off for financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing trade policy from Washington, D.C. could be doing long-term damage to the financial standing of the U.S.
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Such tactics underscore the dexterity of Beijing’s response to rising U.S.-China trade tensions — and its years of preparation for a new trade war.
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The Chinese government knows where it can pinch U.S. exporters hardest. It has already declined to renew export licenses for hundreds of meatpacking plants and stopped importing U.S. natural gas. Those industry targets also happen to be some of the president’s most ardent political supporters.
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And they provide Beijing added firepower in the ongoing U.S.-China trade war by targeting exports from Trump-friendly, deep-red states — think Iowa and Nebraska — with restrictions immune to possible workarounds for tariff barriers.
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The Chinese government over the past four months has halted or significantly curtailed direct exports of major U.S. commodities including beef, poultry and liquified natural gas through an array of bureaucratic blocks and tricky third-party sales deals.
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Long before President Donald Trump fired the opening shots of a new U.S.-China trade war from the White House Rose Garden last week, Beijing had been working to perfect its stealth campaign blocking key U.S. agriculture and energy exports.