Meanwhile, Trump is pressuring the Fed to drop interest rates to zero to stimulate the economy and goose the market.
If JPow’s successor gives in to Trump’s demands, we’ll see inflation that will make the last year’s price increases look cute in comparison.
But for a brief moment, the markets will be exuberant.
ahenobarbus_horse on
This is a great lesson for anyone in a civics class how democracies break down. The leader cannot accept reality, nor can his party. So they challenge reality to a duel. Unfortunately, because they don’t believe in reality, they can’t accept that reality never loses against fantasy. So the democracy becomes a decrepit second rate basket case.
But because they don’t accept reality, they never see it. And everyone but them loses.
Don’t worry, this is how it plays out every time
cleowifey1 on
Wow, that’s crazy. The bond market’s reaction is really showing how uncertain things are with Trump’s tax bill.
markroth69 on
If only these investors had listened to any word any Trump or any Trump (m)aligned sycophant, catamite, or hanger on had said at any point in the last year.
invalidpassword on
Sympathies to small time stock holders, middle-class future generational wealth recipients, and meager 401K owners, but evil „I’m going hell“ joy to all others.
[deleted] on
[deleted]
Virtual-Squirrel-725 on
So far the bond market has been the only reality check on the Trump administration.
There would be insane „liberation day“ tariffs across the board right now if it were not for the bond market immediately slapping Trump in the face.
And now, bond yields are even higher than they were, when it caused the pause.
China has zero fear that Trump will use higher tariffs as punishment for them failing to make concessions. They have a plan to deal with it, while they know it would be trump shooting the US economy in the head while it’s on its knees.
He played these negotiations terribly.
SquarebobSpongepants on
Lemme guess, Biden market now?
CoNistical on
His cult of followers are about to be even more poor. I wonder if it will finally click for them?
inthekeyofc on
Much the same happened here in the UK under Liz Truss’s short time as PM. Plans for a huge tax giveaway for the wealthy, no plans on how to pay for it. Tanked the bonds market sinking the pound to its lowest ever level against the dollar and forced the Bank of England to step in to avert a crisis. She was kicked out after 49 days.
She’s well in with the Heritage Foundation, many of her team were from there. Who wrote Project 2025? Yep, the Heritage Foundation. Good luck with that America.
Infidel8 on
Global alarm bells about the unsustainable US debt.
And yet the GOP thinks its more important to let rich people loot the government.
Wurm42 on
Stocks are down, bond markets are revolting.
Back in 2022, this was the point when the British tabloid *The Daily Star* set up a live feed of Liz Truss and a head of lettuce, betting that the lettuce would last longer. They were right.
Would that the United States could hold a vote of no confidence on the President.
homebrew_1 on
What did the market think was going to be in it? A responsible bill? Lol.
Smrleda on
Unfortunately this country must hit rock bottom then maybe just maybe the government will work to protect Americans but I seriously doubt it. We will become a third world country thanks to the republicans.
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Meanwhile, Trump is pressuring the Fed to drop interest rates to zero to stimulate the economy and goose the market.
If JPow’s successor gives in to Trump’s demands, we’ll see inflation that will make the last year’s price increases look cute in comparison.
But for a brief moment, the markets will be exuberant.
This is a great lesson for anyone in a civics class how democracies break down. The leader cannot accept reality, nor can his party. So they challenge reality to a duel. Unfortunately, because they don’t believe in reality, they can’t accept that reality never loses against fantasy. So the democracy becomes a decrepit second rate basket case.
But because they don’t accept reality, they never see it. And everyone but them loses.
Don’t worry, this is how it plays out every time
Wow, that’s crazy. The bond market’s reaction is really showing how uncertain things are with Trump’s tax bill.
If only these investors had listened to any word any Trump or any Trump (m)aligned sycophant, catamite, or hanger on had said at any point in the last year.
Sympathies to small time stock holders, middle-class future generational wealth recipients, and meager 401K owners, but evil „I’m going hell“ joy to all others.
[deleted]
So far the bond market has been the only reality check on the Trump administration.
There would be insane „liberation day“ tariffs across the board right now if it were not for the bond market immediately slapping Trump in the face.
And now, bond yields are even higher than they were, when it caused the pause.
China has zero fear that Trump will use higher tariffs as punishment for them failing to make concessions. They have a plan to deal with it, while they know it would be trump shooting the US economy in the head while it’s on its knees.
He played these negotiations terribly.
Lemme guess, Biden market now?
His cult of followers are about to be even more poor. I wonder if it will finally click for them?
Much the same happened here in the UK under Liz Truss’s short time as PM. Plans for a huge tax giveaway for the wealthy, no plans on how to pay for it. Tanked the bonds market sinking the pound to its lowest ever level against the dollar and forced the Bank of England to step in to avert a crisis. She was kicked out after 49 days.
She’s well in with the Heritage Foundation, many of her team were from there. Who wrote Project 2025? Yep, the Heritage Foundation. Good luck with that America.
Global alarm bells about the unsustainable US debt.
And yet the GOP thinks its more important to let rich people loot the government.
Stocks are down, bond markets are revolting.
Back in 2022, this was the point when the British tabloid *The Daily Star* set up a live feed of Liz Truss and a head of lettuce, betting that the lettuce would last longer. They were right.
https://en.m.wikipedia.org/wiki/Liz_Truss_lettuce
Would that the United States could hold a vote of no confidence on the President.
What did the market think was going to be in it? A responsible bill? Lol.
Unfortunately this country must hit rock bottom then maybe just maybe the government will work to protect Americans but I seriously doubt it. We will become a third world country thanks to the republicans.