Reply to Trump caved: I smell blood in the water

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This week was telling. Trump caved on the tariffs. Trump thought that he was so smart but reality is a funny thing.
Capital won. Or as Scott Gallagher likes to say the 10 year bond was the adult in the room.

But also interesting was we got to see what a cuck Musk is. He thought he could manipulate Trump but instead, Trump listened to Navarro. Musk isn’t all powerful as he believes to be.

Trump blinked (not the first time, won’t be the last), Elon got sidelined, and millions of Americans went to the streets up to oppose this regime.

There's blood in the water.[/quote]

He didn't blink if the intent was to isolate China - which he has.[/quote]

China is far from isolated. All its trading arrangements with the other 200+ countries in the world remain in place. Meanwhile, the US has utterly isolated itself from all its trading partners and allies. The dollar is in freefall. Bond yields are skying as the rest of the world is selling treasuries because the US is now seen as an unsafe place to invest. As a result, even though we are going into a recession, we can expect very high interest rates. It's impossible for the Fed to lower rates now. Our economy is screwed and it will be very difficult to get out of it. And by destroying our economic ties to China we have also destroyed all our leverage over China's willingness to invade Taiwan. They only thing China feared was a US economic boycott. Well, Trump decided to ban trade with China anyway, which really raises the possibility that China will invade Taiwan since they will have little to fear now. The stupidity of Republicans will be studied for decades. [/quote]

Exactly this.   In this stupid gambit, the US lost, and China won.[/quote]

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