In the wake of the stock market going up and down like a yo yo, Trump finally did something to stop it. What he did was pause tariffs for 90 days — which had been suggested a few days earlier as what he would do. But nooooo, Mr. Bill. He claimed that that was fake news. So what were we to do and where were we to go? And the answer to that was to economic hell on a bobsled. We said here earlier today that the bond market finally forced Trump’s hand and surprise, surprise, tonight everybody from Ron Filipkowski to Charlie Gasparino at Fox News is saying the same thing. Morale of the story? Trump may embrace chaos and huff and puff but when it gets down to it, he can only play around so much before things start to get serious. And that’s what happened in the past 24 hours. His bluff got called and he folded.

And of course this action of Trump’s has been touted as 4D chess, the Art Of The Deal — which he didn’t write anyhow. Tony Schwartz did and said that he regretted doing so more than he regretted anything in his life. But it’s not Schwartz’s fault. Had he not written it, somebody else would have. Trump was in the mood to pay a writer to codify his absurd notions and make him look like a big shot and he would have found many to do so.

Karoline Leavitt went on at the White House about the Art Of The Deal and how all this was preplanned, and it’s all economic wizardry. No. It is not. The simple fact is that the bonds were getting sold off, and those are very stable investments. And as Charlie Gasparino just said, it was happening a lot in Japan and it was a vote of no confidence in America. There’s a direct relationship between the bond market and our debt ratio — and Trump is asking the House to pass his “big beautiful bill” remember that? That’s why he backed down. One of many many more to take place.

Yes, Trump intends to play yo yo with the stock market so that he can rush in and *save it* again and give his billionaire buddies some economic juice in 2026 — not to mention looking like the hero at that time and (in his *mind*) easily retaining both chambers of Congress. That’s the grand scheme. But it’s not going to play out that way.

Why? Because the entire world is on to him and if they could get him to cave once, they’ll get him to cave again. He’s barely into month three of his term and November, 2026 is a long ways out. Trump loves to talk about this like it was a card game and who’s holding all the high cards. He’s not and other major economic powers, collectively, are. This is just his strongman b.s. coming to the fore. That and his sadism.

Lev Parnas kicked in his two cents and this is succinct.

That’s it in a nutshell. So where do we go from here? The worst may be over for now because Trump has managed to undo his worst stupid moves and save face and the latter is all that he cares about. But we are still in a trade war with China and that is going to be very difficult. There are a lot of things that aren’t manufactured in China per se, but they contain parts that are manufactured in China. So we are not out of the woods yet.

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5 COMMENTS

  3. How long will it be before he claims he’s “Won” and moves on to the next big grift?

    Or will they just keep doing this for more market manipulation?

    When people start figuring out how much of what they buy comes from China plus the impact of this stupidity on all the rest of the products they buy, the damage will have been done. Even the comments section on the FUX website is showing signs of reality. The analysis on Rachael’s show last night by Obama’s economic adviser was brutal: he explained why prices of goods that aren’t directly impacted by tariffs will also go up using automobiles as an example – called supply & demand…gee, who knew?

    4

  4. Ursula? Minor nitpick here.

    “Morale of the story?”

    You wanted “Moral of the story.” “Moral” is a brief lesson (usually through allegory) while “morale” is the “mental and emotional condition of an individual or group.”

    Example of “moral”: One of the most well-recognized morals of the story of “The Tortoise and the Hare” is “slow and steady wins the race” although another might be “arrogance or overconfidence can lead to failure.” (There is also the definition describing the qualities of good and evil.)

    Example of “morale”: The team’s winning streak continues to boost not only the team’s morale but also their fans’ morale.

    4

  5. Oh, the irony of that last comment by Parnas. “This is not running like a functional economy. It’s more like a rigged casino.”

    Well, who better to know nothing about running either an economy or a casino than #DrowsyDonnie? The man couldn’t even run a successful casino–an operation that usually is successful in spite of itself.

    5

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