Evan
Member
- Messages
- 2,588
- Location
- McCalla, AL
Yes. He's a complete maniac. Of course they used a ridiculously contrived metric to justify the end result they wanted.
I've been heavily short the market since mid-February because they've been telegraphing that they were going to go big on tariffs. They WANT to crash the economy so that interest rates will drop. They believe that we cannot roll over the trillions in debt we have unless rates are lower. Yellen left trillions in short term notes and bills that are largely responsible for the large jump in interest payments that are consuming a growing share of the deficit.
Both Biden and Trump were irresponsible not to have financed all the new debt we incurred with longer term bonds while rates were at their COVID lows. Quite frankly, they should've started issuing extended maturity 40-100 year bonds while rates were low, but they didn't do it.
I don't mind them engineering a bit of a recession to get rates down. We were headed that way no matter what. But, to do it in the most braindead way possible with tariffs, and fundamentally undermine decades of progress on free trade, is malfeasance on a level never before witnessed outside of someone with a giant metal bolt sticking out of their prefrontal cortex.
No one can claim they didn't know Trump is a lunatic. He's made it abundantly clear. Repeatedly.
Just a little bit of research and you too can develop some critical thinking skills rather than swallowing all the propaganda you see.
