Longer-Dated Treasuries Sell Off Sharply, Increasing Interest Rates: The Exact Opposite of What Trump Says He Wants
Mr. Market, in the form of longer-dated Treasury yields, is not on board with the Trump tariff scheme.
Read more...Author Archives: Yves Smith
Trump Thinks Tariffs Can Bring Back the Glory Days of US Manufacturing. Here’s Why He’s Wrong
More on the false premise that Trump can restore the US as a manufacturing powerhouse.
Read more...‘We’re Turning Into a Dictatorship’: Trump Tariffs Seen as Ploy to Further Consolidate Power
Senator Chris Murphy called President Donald Trump’s sweeping tariffs “a political weapon designed to collapse our democracy.”
Read more...Links 4/8/2025
Why America Is Acting This Way on Trade: A Globotics Shock, a Failed Social Policy, and Middle-Class Fury
An attempt to divine the political roots of Trump’s trade and tariff policies.
Read more...Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.
A program that purchased medical debt at a deep discount, while effective, still reinforces a predatory system.
Read more...Focus on Market Rout from Overvalued Levels Diverting Attention from Real Economy DOGE, Particularly Social Security and Depth of Tariff Damage
The focus on the market rout pervesely distracts attention from Trump’s massive and probably durable real economy destruction.
Read more...Trump Tariffs Run Over Already-Desperate Car Industry; Higher Prices, Job Cuts, and Supplier Closures Baked In
The tariff situation has developed not necessarily to the advantage of the car industry.
Read more...Links 4/5/2025
Trump’s Tariffs Are Extremely Dumb, Just Not For The Reasons You Might Think
The massive Trump tariffs are a con on a global scale. Trump is not rejecting the corporate trade model. He’s weaponizing it.
Read more...Trump’s Non-Cooperative Game
Game theorists do not take a kind view of how Trump is going about things.
Read more...Private Equity Shares Tank Based on Trump Tariffs; Private Equity and Credit Crises Coming?
How the Trump tariffs will whack private equity, and even more so, investors like CalPERS and other public pension funds.
Read more...Medicare Advantage Is Covering More and More Americans − Some Because They Don’t Get to Choose
Another layer of the ongoing campaign to get more Americans to use private and generally inferior Medicare Advantage over Traditional Medicare
Read more...Another Trump Big Lie: “Reciprocal Tariffs”
Further discussion of the delustions and misrepresentations of the Trump tariffs.
Read more...Trump Deploys His Tariff Wrecking Ball; How Much Will the US Suffer Along with Most of the Rest of the World?
The latest Trump tariffs kick up the destructiveness of his administration up to a whole new level.
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