$MSTR 8-K FILING : We may be required to sell bitcoin to satisfy our financial obligations, and we may be required to make such sales at prices below our cost basis or that are otherwise unfavorable.
BREAKING: The S&P 500 collapses as President Trump says he will impose an ADDITIONAL 50% tariff on China on April 9th if China does not withdraw their 34% tariff on the US by April 8th.
Including Trump's "reciprocal tariff" of 34%, that's total tariff hike of +84% on China set to go live April 9th.
If I’m a global company, I swallow/pass through maximum 3 years of higher costs here rather than spend hundreds of billions on capex to reshore to the United States, only to have it all reversed by the next administration.
No good options for corporations here.
But status quo/running out the clock is without a doubt the cheapest option of them all.
It is a very bad sign that so few countries of significance have offered any true concessions, that the White House is promoting Zimbabwe lowering their tariff rate from 5% to 0% on $40M on annual imports from the U.S.
We are now talking about $2M savings.
DOGE style.
Disaster.
Losses in crypto markets are accelerating with Bitcoin set to break below $80,000.
This points to continued selling in risky assets at the 6 PM ET futures open.
We still have 4 hours for a potential Trump post.
Markets are searching for hope.
BREAKING: Bloomberg reports that as of Sunday morning, Treasury Secretary Bessent gave "no indication" that President Trump is "willing to back down on new tariffs."
In Sachsen-Anhalt stuft ein Verwaltungsgericht zwei AfD-Mitglieder und ein Ex-Mitglied als „waffenrechtlich unzuverlässig“ ein – eine Schikane mit fadenscheiniger Begründung, die allen Sorgen bereiten sollte. Ein Kommentar von Walter Schulz. https://t.co/Tge7npqp4e
One of the reasons why tariffs have historically failed to “bring back” jobs to an already wealthy country like the United States is twofold.
Let’s say you “succeed” and make it so expensive to import into your country, that you can only viably produce it domestically.
1) Who the hell is going to buy your crap? People couldn’t afford your stuff because you’re too expensive to begin with. And now, since countries retaliated, you are even more expensive as an exporter.
2) Your domestic economy gets crushed by inflation. $2 Chinese t shirts are now $20 Wisconsin t shirts. Domestic consumers cannot afford it either.
So no job growth.
History warns us.
*25% TARIFF ON SOUTH KOREA, CHART SHOWS
*US TO SLAP 36% TARIFF ON THAILAND, CHART SHOWS
*TRUMP: SWITZERLAND RECIPROCAL RATE 31%
*US TO SLAP 49% TARIFF ON CAMBODIA, CHART SHOWS