The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy.
The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.
No one is losing anything. Faith in America is dead. Any lag we’re experiencing is the time it takes to figure out the complexity of smoothly divesting from America. It’s simply impossible to trust this won’t happen again. You can’t put it back in the bottle. The US is fucked
Yeah, the first time around was like, shit… Okay maybe they’ll recover. Biden comes along, okay maybe it really was a fluke. Then the current nightmare ensues… Fuck, it wasn’t a fluke. Okay then time to decouple from the damage.
Most Canadians I talk to give significant likelihood that the US won’t recover from this. Even if it recovers from the fascism. At least not in a long time. We see that the system of checks and balances is more of a theatre that only appeared to be working, likely because capital wasn’t hungry enough. Right now the US looks like a functional dictatorship with no obvious path to recovery. Even if the Democrats take the house.
Aaannnd…
This is the actual trigger that got Mafia Don Mangolini to back off the tarrifs…
The significant hit to the strength of the $.
🙄 🤡 🤦♀️ 🖕 🖕
I keep seeing this take.
He capitulated because…
His kid “made” more than $400,000,000 dollars. This was nothing more or less than market manipulation.
Yep, this is what’s going on. As is usual with Trump, there’s no actual ideology or goal, it’s all scam all the time. When you can unilaterally announce at any moment of any day that you are about to grenade the global economy, that’s going to have a guaranteed response from the markets. Predictable as the fuckin sunrise. Especially because everyone rightly knows Trump truly doesn’t give a shit about the consequences and absolutely might just do it.
Then he says some wildly different shit a different day, with again 100% predictable market movements (even announcing on Truth Social ahead of time to buy, which is truly beyond the pale), and everyone he knows gets even richer, again. That grift will wear out and stop working and he’ll switch to something else.
And again, and again, and again. All scam, all the time. I mean, plebes like us are aware of multiple concurrent grifts the guy is using the presidency for. Imagine what we don’t know about! It’s kleptocracy of the highest order.
