Looking Backwards LB #1 There is only one place to begin as Moody’s gave us a Friday night dirty. After the close on Friday, Moody’s announced it was lowering the US Government’s debt rating. This from ZeroHedge, “Earlier this week, we noted that short-dated USA sovereign CDS were trading wider than China and Greece as …
Looking Backwards LB #1 Today we are going to explore the decisions of one Donald Trump, the personnel decisions that he has made thus far. I am fascinated by how this is going. This from Liam Archacki via Yahoo News, “An air traffic controller warned Friday that Newark Liberty International Airport is unsafe for travelers …
Today we talk about the tragedy of errors or perhaps it is a comedy of errors being unloaded at a port near you. The first ships that are being charged full tariff have arrived in America. The prices aren’t being paid by China. They are being paid by American companies that will be faced with …
Looking Backwards LB #1 This is episode number 317 which upsets me because had Warren Buffet retired midweek I could have named this episode Buffet 3:16 in an homage to the Bible and Stone Cold Steve Austin, but alas a day late and a dollar short will get you nowhere so we are forced to …
This week is the calm before the storm. Trump’s team is desperately saying and doing anything they can to keep the markets calm and orderly. They are rolling back tariffs like Walmart does everyday low prices except tariffs will make those prices go higher. The Treasury department and Scott Bessent have gotten what they needed …
Looking Backwards LB #1 It was about a month ago when I read a piece that made me think, that couldn’t happen could it? That topic is being met with yeses more often than not lately. Mike Schuler wrote for G Captain that an increase in post fees on Chinese ships could drastically affect trade. …
Looking Backwards LB #1 It’s been a couple weeks since Donny T announced that the US was going to set the rules for world trade, the T standing for tariffs, of course. It is a risky maneuver. It reminds me of another risky maneuver. 38 years ago, a scrappy bunch of ballplayers on the shore …
Well, the world is still here after two of the craziest weeks in recent memory. However, we are neither out of the woods nor doing well. If the largest total tax hikes in 50 years don’t piss you off how about having your currency also fall 10%. David Lynch writes for the Washington Post, “The …
Looking Backwards LB #1 A lot has happened since we wrote about the Treasury market. Sure enough, right after I published Tuesday night the market zoomed passed the 4.35% at the time of writing all the way up to 4.50%. The 30 year bond reached 5%. Then “something happened” and it settled down overnight and …
It is Tuesday night, do you know what your President is tweeting? This is the new economic analysis. It is the only thing the markets are really waiting for and paying attention to. Jobs reports, unimportant. Earnings, so last month’s news. Inflation, doesn’t matter. If the tariffs stay on or not determines inflation. Seldom in …