mtutiger

At about 8:00 AM Central, Bessent was out there talking about how it was "Main Street, not Wall Street's, turn" By 2:00 PM Central, his boss was out there heralding the big gains on Wall Street. You'll never consistency...

The Times is somehow worse..... like, anyone notice how the end of the line on the right is lower than the end on the left?

I disagree.... I think his actions today (reminder: only a 90 day pause, not a full offramp) and the subsequent "victory lap" (ie. the market regaining a portion of the losses he instigated, in manipulated fashion) while keeping the 10% on all the other countries, 25% on steel and aluminum and the 100+% China tariff have moved the Overton window and are not going away. Even if they negatively impact on the economy.

lol, these guys don't actually think Main Street isn't going to be hurt do they?

Day 77... Hooooooly ****

You may be right... I will say the collective freakout about his comments is definitely crap. He can have the same approach while making mechanical tweaks... And I think that's what happened

His stance is noticably different... He was much more upright previously, now he's a bit more hunched over and in a more athletic position before each pitch. I do think the Gleyber Torres signing was a come to Jesus for him... I'm just glad he woke up and appears to be getting there, he's too good a hitter to let go and see blossom somewhere else

Javy will never be 20+ homer Javy again, but him just putting up professional ABs and turning magical defensive plays from time to time would be a win at this point... So far so good

They supposedly got people to show up in ****ing Bad Axe, MI... Nobody's paying for that.

Ottawa, Illinois... Was not able to attend personally, but impressive given the population base

Credit to AP

The companion piece to the Grassley-Cantwell action.... makes sense coming from Bacon (Omaha + suburbs are quintessential swing territory, Nebraska is a huge ag state)

To be fair to Shawn Fain, given that none of us new what these tariffs were until Trump ambled out there and held up that board, do we even know how the UAW felt about these tariffs? The policy is disastrous enough, and certainly people didn't consider the word case scenarios enough... but still, nobody knew what the **** he was going to do going into it either.

The stuff like Nintendo delaying pre-orders of the Switch 2 kinda matters here.... this stuff breaks through to everybody.

So is the skyrocketing inflation and stock market crash still on Biden's bloody hands or can we put some pressure of the Trump admin yet?

Seriously, good luck with this message...

A blind squirrel might just find a nut on this one lol

One of those things that won't go unnoticed by the general public.

If Sarah Langs did economic commentary, there'd be a lot of "WEEEEEEE"ing this week

Another John Burn-Murdoch graphic... A couple of takeaways: 1.) Immigration is basically the thread holding the enterprise together at the moment 2.) Not every Trump voter is a "red hat"...

Another way of looking at this: there was a carveout for O&G in these tariffs which people are pointing to as an example of Trump protecting a friendly constituency from the impacts of these tariffs. The problem? Oil prices, like just about everything outside of beer and cigarettes, are cratering at the moment. Oil companies require both capital for expanding operations (which they aren't going to do with a barrel of oil under $60 regardless) and operating expenses (for maintaining existing infrastructure). Capital and operating expenses are for things like steel and parts which, because of these boneheaded tariffs, are all way more expensive than they were prior to yesterday. The end result is that even this sector, which ostensibly is being shielded more than others from the impact of these tariffs by the administration, will pull back and will suffer along with all the rest.... there's no being "made whole" out of any of these actions.

Seems like he's taking ownership of the crash and outcome to me