Wednesday, April 9, 2025

Trump tariffs: In Trumpspeak this mean he doesn't know what the fuck he's doing!

 
Headline:  The Daily Beast, 4/9/2025

Speaking to the National Republican Congressional Committee on Tuesday night, Trump insisted manufacturing was already pouring back into the country, with companies halting plant construction in Mexico and moving back to former production sites in the U.S.
“I know what the hell I'm doing,” he said. 
Hour later, his universal tariffs took effect, unleashing even more economic carnage after nearly a week of market losses. U.S. Treasuries, which are largely considered the world’s safest asset, suffered a vicious selloff Wednesday that temporarily drove the 10-year yield up to 4.51 percent and the 30-year yield above 5 percent. 
The 10-year yield settled at 4.37 percent, up from 3.9 percent earlier in the week, and could be a sign that the world no longer sees U.S. Treasuries as the global fixed-income safe haven, experts told the Financial Times. [emphasis added]

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April 2025

March 2025
Hire a clown, expect a circus:  Trump Treasury secretary Scott Bessent (net worth: $521 million) sez “access to cheap goods is not the essence of the American dream"   (3/31)
Trump lackey Peter Navarro sez, "Trust in Trump."  Best not to take any advice from this clown..  (3/31)
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