International Trade Suppression and the Demand for US Treasuries
On how lower foreign government appetite for Treasuries might affect the status of the dollar as reserve currency.
Read more...Author Archives: Yves Smith
Trump Tariff Climbdown: Consumer Impact Worse Due to China Retaliation; Who Wins Aside from Trump’s Ego
Some further observations about the Trump tariff train wreck.
Read more...Top Trade Expert Says Trump Tariff Pause Lays Bare ‘Just One More Con on Working People’
Do Trump’s trade flip flops, destructive to everyone save perhaps insider traders, show that he has entered a Mad Ludwig phase?
Read more...Food Banks Tighten Their Belts as Federal Cuts Keep Coming. Patrons Don’t Know Where Else to Turn.
Yet more Trump Administration cruelty: cutting support to food banks.
Read more...Data Center Boom Sparks Utility Spending—But How Real Is the Demand?
In an unexpected break for the environment, might much-hyped data center energy demand fall short of projections?
Read more...Trump’s Additional 50% Tariff Against China and China’s Tit for Tat Retaliation: Trump Own-Goals Himself Into Where China Would Want Him
Some further thoughts on the radical US-destructiveness of the Trump tariff regime.
Read more...Links 4/9/2025
>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.
Read more...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.
Read more...‘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.”
Read more...Links 4/8/2025
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.
Read more...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.
Read more...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.
Read more...Trump Tariffs Run Over Already-Desperate Car Industry; Higher Prices, Job Cuts, and Supplier Closures Baked In
The tariff situation has developed not necessarily to the advantage of the car industry.
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