It cost me $30.13 so that Trump could collect 63 cents in tariff revenue for the U.S. government. Yet according to Trump, his tariffs are making us rich. Only the government could do something this stupid.
Regardless of the party affiliation one holds, this was an objectively immoral and unprecedented act of grifting at the expense of his own supporters... on a level never before seen in American history. Only silly sycophants still defend this ridiculously obvious exploitation.
Trump claimed that he made money along with everyone else due to the booming stock market. Yet the $1.4 billion he earned from selling meme coins came at the expense of investors who collectively lost a similar amount of money. Maybe some of those bagholders voted for Democrats.
@rjeff74 At some point it has to correct or it becomes unhealthy long-term. It is getting overheated, but has room to move up on the daily. I'm watching how price reacts at 86-87,000 range. A rejection could at least drop to 78,000, if not 72,000 on a larger timeframe.
Trump bragged to @60Minutes that U.S. exports reached an all-time high during his presidency. What he left out was that imports also hit record highs, producing a record U.S. goods trade deficit. Judged by his own criteria, under his leadership the U.S. was the biggest loser.
Megyn Kelly is super mad at Donald Trump.
She should have taken my lead in 2024 when I dumped him for the exact reasons she’s stating here - instead she fell for the CON and pimped him to her audience, relentlessly.
#NeverForget the pundits who pimped Trump. Glad they’re coming around but you probably shouldn’t take their recommendations seriously anymore.
No party can solve the affordability crisis. Prices rise due to soaring government spending that exceeds the growth of tax revenue. We pay the difference with inflation. Higher prices are a tax to finance spending. Since neither party will cut spending, that tax will keep rising.
When we return next week, we’ll get 218 signatures for Epstein Files Transparency Act II, which guarantees a vote.
Survivors will be able to get their own records, State Attorneys General can prosecute crimes, and we can take the DOJ to court for keeping critical files hidden.⚖️
Trump said that if the Democrats won the midterm elections, the U.S. economy would quickly collapse into a depression the likes of which we have not seen since the 1930s. Since the Democrats swept the midterms, Trump has the scapegoat he needs for the coming economic collapse.
The odds of the Democrats winning the Senate are now 75%. Investors are underestimating how inflationary a Democratic Congress will be. They assume gridlock. We won't be that lucky. Trump is more Democratic than Republican and will sign into law anything they pass. Got gold?
The odds of the Democrats winning the Senate are now 71%, a new high. If the stock market crashes on Monday expect those odds to rise further. The problem for Republicans is that they have to lie that a bad economy is good. Democrats just have to lie that they can make it better.
With a second weekly close below the May high, Bitcoin is likely to drop to its bull market support band very soon.
Note that TOTAL2, TOTAL3, SPX, NDQ, MSTR are already at their BMSB.
Bitcoin getting a daily close below the 50D SMA likely sends it to the bull market support band.
Note that ETH, MSTR, NDQ, TOTAL2, TOTAL3, etc. are already at the bull market support band.
10-year Treasury yields will soon surpass 5.5%, pushing mortgage rates above 8%. The GSEs insure $7.8 trillion in mortgages with just $194 billion in capital. All it takes is a 2.7% loss to wipe it out. Instead of launching an IPO, Trump will be arranging another federal bailout.