I don’t see the disagreement. Of course he will declare victory no matter what.
Yes. See the other article in the same New Yorker, What Roy Cohn Taught Donald Trump.
“…ignore the rules, do what you want to do, don’t leave a paper trail, never do things in writing, and, if somebody gets onto you, rat out other people to save yourself. Delay, delay, delay. ‘cause grand juries have a limited time, and you can outrun the clock. And call in the news media. ‘We’re just honest businessmen who are being attacked by these corrupt New York City police, or FBI agents, or especially the corrupt and heartless IRS agents.’ It’ll put the government on the defensive.
Cohn’s rules became Trump’s rules”
6 Likes
Because that worked so well the 1st time?
rump or the US cannot agree to a closing/fee for the straits. I think, but I am not sure, that it might open a free for all for straights toll charging:
Hormuz
Malacca
Bab el-Mandeb
Turkish Straits
Gibraltar (can you imagine)
Nope - I don’t think rump wants to be knows as the JA that lost freedom of the seas.
That would take forever to work its way through the supply chain. You can hammer fertilizers, but you won’t see that for a year upstream. Transportation has already been affected. Could it be more? Sure. But again, it’s a slow twisting of the knife.
The pressure point is the election. After that the Prez sails for two years and doesnt’ really care.
He will declare victory no matter what. Trying to get him to admit defeat is a policy devoid of possibility.
And they will magically “find” new funding somewhere, just as they found funding for the wall and the Supremes said “Nothing to see here.”
Only a positive, highly affirmative vote to end this charade will cause it to stop, and then he will blame Congress and absolve himself of any responsibility - and the Murdoch web and willing accomplices will cement that in the American psyche - and the history of the JCPOA that actually worked will be forgotten.
5 Likes
For over 5 years he has been unable to admit defeat in 2020.
10 Likes
Well the US has bipartisanly continued to intervene in sovereign nations for the past 25 years without success. The powers to be believe:“It eventually has to work. Right?”
2 Likes
Far longer than 25 years
2 Likes
6% Treasury yields are the biggest risk facing stocks right now.
‘We would argue that the equity market is not prepared for a swift move higher in the long end,’ says one technical strategist
The yield on the 30-year Treasury bond
touched its highest level since June 2007 on Tuesday, before easing back slightly. Based on the technical trajectory, the selloff could worsen in short order, said Jonathan Krinsky, a top technical strategist at BTIG, in a report shared with MarketWatch.
Higher bond yields can be bad for stocks for two reasons. They make bonds look relatively more attractive for investors, encouraging them to move money out of stocks and into bonds. Higher yields also boost the discount rates used in analysts’ equity-valuation models, which causes estimates of a stock’s fair value to decline. That being said, rising yields don’t guarantee that stocks will suffer. Indeed, stocks have been climbing since the end of 2022, even as yields have generally trended higher.
Heh. I have already done so. Not in any earthshaking way, and not that the market is going to notice (ho ho, as if), but cumulatively…
1 Like
This is why the TREAUSURY (an edited correction) is now buying our own debt, from 10 to 30 year durations. We appear to be issuing short term debt to buy back long term debt. The Fed is not involved.
4 Likes
By the way, to answer the question of the thread title, the stock market went up last week.
DB2
1 Like