There are currently four lawsuits filed by various parties against the tariffs. Two are filed by conservative entities. One invokes the major question doctrine.

The executive has no tariff power, that belongs to Congress. We'll see what the courts, and ultimately the Supreme Court, says.

So what’s the answer? How do we get out of this? When will congress step in? Will they just let it bottom out? Will we be left with nothing?

I suspect congress will not move against Trump unless his approval ratings fall below 30%. At that point he’s dead weight.

The tariffs would ordinarily be inflationary. Right now, they are not inflationary because consumer spending is stalled, waiting. Just like every other sector of the economy. All waiting. Waiting for Trump to grow up, for Congress to put their foot down. For WWII. Anything but this.

However, businesses and people cannot wait forever. Pretty soon, things will start melting down. Unless something changes.

1) it’s pretty clear this is sabotage not economic policy, da?

2) what grown adult calls someone “loser”?

Anonymous wrote:I don't care what he's calling for. The stock market lost another trillion plus today.

Tesla stock sinking is the one bright spot.

Pretty soon even Thomas will realize his benefactors can np longer afford to give him and his wife 300,000 motorhomes.

Stocks are down, the dollar is down and bond yields are going higher - this all indicates a capital flight AWAY from the United States.

We are not trusted anymore, we are not the "safe haven." It's a screaming warning to Trump - DO NOT FIRE POWELL because then we know that you've gone full banana republic.

I don't care what he's calling for. The stock market lost another trillion plus today.

Anonymous wrote:President Trump is calling for lower Fed rates. Fed cited inflation to increase rates. So, will lower Fed rates will result in higher inflation? Are we going to see eggs at $10/dozen?

$10 a dozen would be an improvement. Eggs went to $14 a dozen a month after Orange fatso took office.

Anonymous wrote:Eggs were $4.49/dozen at Wegman’s this weekend.

They were $1.19/doz when Joe was president

Anonymous wrote:Eggs were $4.49/dozen at Wegman’s this weekend.

Wegmans is using eggs as a loss leader to get people into the store and buy other things with higher margins. They are the same price or slightly cheaper than Walmart.

I mean, we know Trump is clueless but is no one going to say anything??

Eggs were $4.49/dozen at Wegman’s this weekend.

Don’t worry. It will trigger a Great Depression and prices will plummet. But there won’t be any eggs.

President Trump is calling for lower Fed rates. Fed cited inflation to increase rates. So, will lower Fed rates will result in higher inflation? Are we going to see eggs at $10/dozen?