Purely Politics

Biden's gone gang, trump owns it all. Sorry but that's just the reality of life.

Own it, revel in it, bask in his glory...but by all means, ignore the headlines, they ain't pretty.

BUTT..he did win the club championship this weekend. So much winning.

Thank God we live in Sun City where most of us are immune to it all. Joy, peace and love in our own happy place.

 

you said that before. might want to get checked.

 

When I go to that link I get this:
"Something went wrong. Try reloading." But I will look up Mattera.
But I am more interested in what you have to say about Biden and his cronies rather than what some .... what ever Mattera is, has to say.
And accusing folks who disagree with you as having a mental disorder is a great way to end my involvement. Which was perhaps your objective?

 

You quote the American Enterprise Institute. I find “The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a center-right think tank based in Washington, D.C.” which to me makes it part of the swamp. About AEI funding we discover, “ As of 2005, AEI had received $960,000 from ExxonMobil. Purdue Pharma, a company known as the maker of OxyContin, one of the many drugs abused in the opioid epidemic in the United States, donated $50,000 a year to the AEI from 2003 through 2019, plus contributions for special events, adding to a total greater than $800,000. Foundations associated with the Koch brothers have been major funders of the Institute. A 2013 study by Drexel University Sociologist Robert J. Brulle noted that AEI received $86.7 million between 2003 and 2010.” And so it goes. These people have been bought and paid for so their conclusions are always foregone ones and so mean nothing to me.

 

I did not disagree with him. just pointed out repetitiveness. Not the norm and he was in a bad accident last year.

Now for your statement: great way to end my involvement......BYE

 

Europe Caves on Trump Tariffs, Offers Huge Concessions

 

No one doubts that bullying works. Any playground in America will reveal that.
Also the fact that you want me out of here is sort of an inducement to stay.

 

Really? You would rather call that bullying than leveling the playing field?

 

Yes. The USA (opinion) has had firm control over every playing field that we have ever played on. Do you think that Vietnam, for example, got to set up a tilted trade playing field just because they beat us in a war?

 

Actually most of the items that come from Vietnam are actually Chinese items laundered thru Vietnam who sticks a "Made in Vietnam" sticker on it and charges the U.S. a 100% tariff!



You call Trump's tariffs bullying, but the truth is we were being taken advantage of by many countries and he's attempting to level the playing field, which is already starting to happen in case you haven't noticed.

Give it time.

 

This is sick. Democrats just want to hate.

SHOCK POLL: Majority of Left-of-Center Americans Now Justify a Trump Assassination | The Gateway Pundit | by Ben Kew

 

Very interesting.

House to vote on bill reining in activist judges blocking Trump's agenda | Fox News Video

 

U.S. Stock Market Adds $4.8 Trillion and Heads for Largest Gain on Record

 

This is why it is so awesomely great to be alive in 2025:

Picture the headline: MAN SLASHES WRISTS, CALLS AMBULANCE AND SCREAMS HE IS A HERO.

 

Will it cover that yutz Federal judge in Texas that the Republicans run to when pushing their reactionary agenda? He enters orders that make his decisions national. Activist or learned in the law?

 

China is like the playground bully that has been stealing our lunch money; then when he gets caught he is mad because he can't do it anymore. Now we can ALL eat lunch.

 

China plays a long game, longer than the Orange Bozo is prepared for. His Karate Kid plan for tariffs (wax on, wax off- tariff on, tariff off) is beyond stupid. It screws up the economy because businesses cannot plan for the future with an unhinged clown running the country. How is that IRA doing, it gets worse from here? Come out against any minority groups lately? Welcome to 1930’s Germany, follow the bouncing ball to authoritarianism as it is happening before your eyes. He wants to deport American citizens now who don’t agree with him. Sound familiar to you?

 

Who remembers when insider trading used to be illegal and you'd go to jail for it?

Now, they brag about it.

Go figure.

Curious, how many of you drooling over trump’s genius maneuvers understand what the shit show we all witnessed unfold was really about? Happy to share it with you but it’s long and deep. Interested I will dig up the link, just let me know.

 

Trump is many things but a genius is not one of them, try pathological liar. If he was a baseball manager, he would be managing the game out by out with no plan for the games. How bad will the NE farmers be when this idiocy comes too an end. Since I like to deal with facts, the last time Trump did this tariff thing with China it costs almost $800B to keep farmers a float and nobody won the trade war. Hardest hit were soybean farmers. China can purchase from South American countries and get a better deal. That is what China did last time. You ready for Deja vu all over again. Apologies to Yogi Berra. The only genius maneuver I have seen is what Bill brought up, insider trading. He can talk about the weave and circling back but it is all BS from a babbling idiot trying to sound like he knows what he is doing, he doesn’t and he doesn’t care. It’s all a grift.

“This use to be a hell of a good country.” Jack Nicholson in Easy Rider

 

Thanks Dave, but the realities of the stock market are they can rise or fall on the basis of a tweet or truth or whatever social media screw they want to turn. In the end, they can game the market with their insider trading (ask good old MTG how she did yesterday) and the fat cats all get a little fatter. Here's the scary thing, that's not even close to the real deal screwing our country could take as 47 plows his way through the tariff debacle.

As an aside: How proud of all you maga's of your president telling the world other world leaders are lining up to kiss his ass.

But alas, i stray, here's JVL from the Bulwark this morning on what really caused trump to recoil in horror:
3. Bonds

One last true thing: You cannot negotiate with a market. You can manipulate it in the short run, but in the long run markets do what they do.

This truism holds for the stock market, but it really holds for the bond market. And the bond market is not having any of Trump’s nonsense.

William Cohan had an excellent explanation last night of where the bond market is after Trump’s tariff pause. I’m going to simplify it, but you should read the whole thing.

• The bond market can be broadly understood as a device that measures risk. The riskier an economic environment is, the higher the yield on bonds goes.
  
• Over the course of Trump’s brief tariff regime the 10-year yield on T-bills went from 3.86 percent to 4.54 percent—a 17.6 percent climb in less than a week. That’s a screaming klaxon alarm.
  
• Yesterday, after Trump announced his 90-day pause, the yield only dropped back to 4.4 percent. Which suggests that the bond market was not especially reassured.
  
• Cohan notes that the high-yield bond market (junk bonds) is where “risk goes to hide.” When you want to see the bleeding edge of bond-market sentiment, look at the yields on junk bonds.
  
  • Two weeks ago, the average junk bond yield was 7.2 percent. On Monday, it was 8.2 percent. After Trump’s tariff pause it moved to 8.5 percent. People are still seeing lots of risk.
    
• One of the big risks is China. China holds $760b in U.S. Treasuries. Should the Chinese decide to lower their purchasing of T-bills at the next auction, that will drive up the yield as the Treasury Department has to make them more attractive in the face of slackening demand.
  
  • Which would in turn ratchet the entire bond market up another level of fear.
    

Why do bonds matter? Because bonds are how people finance debt—they are a rough approximation of the belief that it is safe to extend credit. And without credit, financial markets can’t function.

Here’s Cohan:

A credit crunch or credit freeze, where sources of debt capital disappear as fear ratchets up, is to be avoided at all costs. Way back in the fall of 1989, when Citibank could not syndicate a loan in support of the large management buyout of United Airlines, a pall was cast across the vast credit markets. It was virtually impossible to get banks to lend or bond investors to pony up capital to support corporate financings or financings related to deals. Bankruptcies exploded. The credit freeze lasted for years, until 1994 or so. That’s why the focus of many on Wall Street is turning to the effect that Trump’s shenanigans are starting to have on the debt markets.

Risk. It’s all about risk.

Donald Trump’s erratic and foolish actions have turned the most desirable financial haven in the world into a whirlpool of risk.

The safest way to conduct business now is to avoid the United States to the greatest extent possible.

This is not the art of the deal. It’s the destruction of stability and the start of a long, slow slide into a vortex.

That was way more information than i knew about the bond market, but in the comments i came across the best explanation i have ever read regarding the bond market and hedge funds (i had no idea). Now in all honesty i doubt any of trump's supporters will read either JVL or the posted link, because what appears to be the case all to often is they prefer being kept in the dark.