Some further thoughts on the radical US-destructiveness of the Trump tariff regime.
Recent Items
Wednesday, April 9, 2025
Trump’s Additional 50% Tariff Against China and China’s Tit for Tat Retaliation: Trump Own-Goals Himself Into Where China Would Want Him
Topics: Banana republic, China, Credit markets, Currencies, Doomsday scenarios, Free markets and their discontents, Globalization, Politics, The dismal science
Posted by Yves Smith at 10:35 am | 7 Comments »
Links 4/9/2025
Topics: Links
Posted by Yves Smith at 6:58 am | 78 Comments »
Christopher Lasch and the Distemper of Our Time: A Chronicle Foretold
Why Christopher Lasch, who died over 30 years ago, is the historian of our times…or perhaps our first psychohistorian?
Topics: Guest Post, Income disparity, Social policy, Social values, The destruction of the middle class
Posted by KLG at 6:50 am | 7 Comments »
Longer-Dated Treasuries Sell Off Sharply, Increasing Interest Rates: The Exact Opposite of What Trump Says He Wants
Mr. Market, in the form of longer-dated Treasury yields, is not on board with the Trump tariff scheme.
Topics: Credit markets, Economic fundamentals, Globalization, Guest Post, Investment outlook, Politics
Posted by Yves Smith at 6:49 am | 23 Comments »
Trump Thinks Tariffs Can Bring Back the Glory Days of US Manufacturing. Here’s Why He’s Wrong
More on the false premise that Trump can restore the US as a manufacturing powerhouse.
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Technology and innovation, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:32 am | 32 Comments »
Coffee Break: Armed Madhouse – Stealth Revealed
Our warfare focused Coffee Break: The promise, problems, and profitability of stealth technology
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 26 Comments »
‘We’re Turning Into a Dictatorship’: Trump Tariffs Seen as Ploy to Further Consolidate Power
Senator Chris Murphy called President Donald Trump’s sweeping tariffs “a political weapon designed to collapse our democracy.”
Topics: China, Globalization, Guest Post, Legal, Politics
Posted by Yves Smith at 11:43 am | 57 Comments »
Links 4/8/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 183 Comments »
What Is Blackwater Founder, Erik Prince, Doing in Ecuador a Week Before the Country’s Presidential Elections?
Prince is making bank as a security advisor for US-friendly governments in Latin America while trying to raise funds for coups against less friendly ones.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 15 Comments »
Why America Is Acting This Way on Trade: A Globotics Shock, a Failed Social Policy, and Middle-Class Fury
An attempt to divine the political roots of Trump’s trade and tariff policies.
Topics: China, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Social policy, Social values, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 3:22 am | 35 Comments »
Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.
A program that purchased medical debt at a deep discount, while effective, still reinforces a predatory system.
Topics: Credit markets, Guest Post, Health care, Income disparity, Legal, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 1:00 am | 6 Comments »
Coffee Break: Across the Pond With the Starmer Government
Britain really needs a new government as the current Starmer government appears to be leading the country off a cliff with their policie
Topics: Banana republic, Coffee Break, Europe, Guest Post
Posted by Kevin Kirk at 2:00 pm | 29 Comments »
Focus on Market Rout from Overvalued Levels Diverting Attention from Real Economy DOGE, Particularly Social Security and Depth of Tariff Damage
The focus on the market rout pervesely distracts attention from Trump’s massive and probably durable real economy destruction.
Topics: Economic fundamentals, Federal Reserve, Free markets and their discontents, Globalization, Income disparity, Investment outlook, Politics, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 83 Comments »
‘Greater Türkiye’ Faces Major Headwinds Abroad and at Home
Restless nationalists play role in protests at home while Türkiye runs up against US-backed Greater Israel in Syria. The great unknown: will the millions of Takfiris in Türkiye step into the ring?
Topics: Europe, Middle East, Turkey
Posted by Conor Gallagher at 6:00 am | 10 Comments »