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FNMA and FMCC are not stocks you've likely heard much about since 2008. They are the disgraced Freddie and Fannie of mortgage and MBS fame during the GFC. They trade on the OTC and are now well regulated and marginally profitable GSEs. They control ~7.7T in debt between them. They're still paying back their government loans.
Enter Bill Pulte, the grandson of William Pulte who founded the large and well respected home builder. So Bill was born on 3rd base and sure he hit a triple to get there. He was a big Trump donor and meme stock carney. Bill was so big a donor he got an appointment to be Director of the Federal Housing Finance Agency. He immediately appointed himself chairman of Freddie and Fannie and got rid of 14 of the board members, (that's over 50% of the board members). He also fired almost all of the auditors, (there are 2 left at Freddie, all of the auditors were fired at Frannie). Between them, the two GSE's employ 15,000 people, many of whom should likely be looking for new jobs.
Trump wants to privatize Fannie and Freddie, streamline the organizations, remove them from current regulations and federal oversight and allow them to turn a market/investor based profit. Silver spoon Pulte is in his mid 30s and sure sounds like the right guy for this job.
This is almost unreported in the MSM most likely because, what could possibly go wrong when profit and making sales is your only motive for approving mortgages and bundling MBS products. It's only about half the mortgage debt in the country. What's the big deal? Who cares about the value of the $7.7T in MBS products that will no longer have the implicit backing the the USG?
We'll have so much crimin' you'll be tired of all the crimin'. Just wait.
Trump will eventually give the market a really good scare
The fear level is there in the VIX, but we had not seen its highest level for this time, yet. The cause is in the white house and is unpredictable, so anything can and will happen.
Current oil prices will further crush Russia’s economy.
I love America, Her secret's safe with me
And I know her wicked ways, The parts you never see
Oh super-girl, you'll be my super-model, Although you have a reputation
Can I afford to move above my station, I'm not the only heart you've conquered
I find it so funny, that many in all seriousness are still talking about trump as if he were totally rational and care for the stock market or the people's jobs.
When will PFE cut their 7.5% dividend to improve cash flow ?
Nvidia (NVDA) may tempt traders to buy the dip, but shareholders could be in for more pain as the artificial intelligence revolution takes a back seat to tariff concerns.
The market uncertainty is adding to pain already facing chipmakers, with Nvidia stock down more than 23% year to date and hitting its lowest levels in seven months.
Why Nvidia Stock Isn't Buyable Just Yet
Nvidia stock investors hoping to call a bottom should exercise caution at current levels. "Don't be buying on the way down because you think it's a good deal," Brian Shannon, founder of Alphatrends.net, told Investor's Business Daily's "Investing with IBD" podcast.
He says it's more likely the stock will see longer-term moving averages flatten out. "It's either going to scare you out or it's going to turn sideways for three, six months," said Shannon.
A smarter move, Shannon says, is to buy into Nvidia stock once it shows signs of a confirmed uptrend by getting back above rising moving averages. "You don't have to buy the low," said Shannon. "The low is only known in hindsight."
"That's just the way the cyclical nature of money flows through these markets," he said. "You've got to give them time."
https://www.investors.com/news/nvidia-stock-nvda-smci-stock-trade-tariffs/
OK, that made me laugh out loud. You wouldn't want anyone to ruin the fine reputation of a payment mechanism and meme based investment primarily used for drugs, financial scams, human trafficking and illegal arms sales.
Why sir, I shall slap you across the face with my glove for the mere inference. LOL!!!!
I think the bombing of Iran will take place soon. They talk negotiations, but Trump has his heart set on the bombing. It would take allowing inspectors being allowed to enter the facilities which Iran will not allow. Stay tuned!
Yes, but is there anything about this administration that's not nefarious? This is a long con. It started in 2015. He's just glad he's not selling Trump steaks any longer.
You're not into Trump Coin ? https://www.binance.com/en/price/official-trump
Trump Coin came out just after Trump’s campaign ended, and just before he formally took office and was fully subject to federal ethics rules.
Anthony Scaramucci, a former White House Communications Director and current crypto investor, described the Trump Coin as "Idi Amin level corruption".
Nick Tomaino, a former executive at Coinbase, described Trump's ownership and the timing of the cryptocurrency as "predatory".
Trump - a scammer from the heart of the scam, here to fleece America like we've never been fleeced before.
Feels like a dead cat bounce. I don't see how reciprocal tariffs change anything for RH. We'll have to wait until the tide goes out before we understand which companies are over levered.
Something nefarious about the administration’s relationship with Crypto…
I have a fall trip planned for China. I’ll play it by ear..
I believe you meant gilded age..:)
It's beginning to feel like that is a possibility. Looks like my home sale is still going through. The buyers say they're signing today so we should be in escrow on Monday. What's interesting is that I'd already made a contingency plan in case they back out and that would include delaying my remodel, landscape project and solar install. This is how a recession is created as everyone who is paying attention begins conserving resources. SPX down 9% in the last two trading days and down 16% since the February peak. I find it interesting that WS was buying DJT's election as if it was a good thing. The market was up almost 5% in the first week, last November. Four more percent we officially have a bear market, inflation and a recession.
The president’s dinner with Saudi golfing leaders, hosted at his club, comes as the global economic order reels from Trump’s tariffs announcement
https://archive.ph/pFRbL https://www.washingtonpost.com/politics/2025/04/03/liv-golf-saudi-relationships-pull-trump-florida-markets-rage/
A day after seeking to remake the global economic order, President Donald Trump on Thursday is returning to another priority: remaking professional golf.
Trump will dine with leaders of the LIV Golf tour at his club outside Miami, his latest visit to Florida and a sporting event in a 73-day-old presidency that has already been full of both. The trip combines the president’s prized relationship with the Saudi Arabian leaders who own the tour; his regular visits to Florida, where he has spent most weekends of this presidency at his Mar-a-Lago resort; and his frequent mixing of personal business with his presidential office.
It involves a touch of statecraft, too, with LIV locked in a years-long fight with the U.S.-based PGA Tour that Trump has pledged to end. Trump hosted leaders of the two tours in the Oval Office in February, with the president seeking a truce that would reunite the world’s top golfers on the same circuit.
“President Trump has made it a priority of his administration to get this solved,” said Alan Shipnuck, author of “LIV and Let Die,” a book about the Saudi-backed tour. “My hunch is that he cares more about the LIV Golf-PGA Tour negotiations than he does about Gaza or Ukraine.”
No president has been more attached to golf than Trump, who owns courses, pals around with legends of the sport such as Tiger Woods and Jack Nicklaus, and prides himself on his club championships. He’s golfed with both Jay Monahan, the PGA Tour commissioner, and Yasir Al-Rumayyan, the governor of the Saudi Public Investment Fund, which has sunk billions into LIV Golf as it has struggled to catch on with an American audience. Thursday’s dinner comes ahead of a three-day LIV tournament hosted at Trump’s Doral club and broadcast by Fox, which struck a deal in January to start airing the league’s competitions.
Trump also cares deeply about Saudi Arabia, a longtime U.S. ally that has invested in businesses operated by Trump and other family members for decades. The Middle Eastern country, ruled as an autocracy, has represented multiple firsts for the president: the first foreign visit in his first term, the first phone call to a foreign leader in his second. Trump visited Miami in February to speak at a Saudi-backed investment conference and said that he plans to head to Saudi Arabia in May in his first foreign trip this year.
“They’ve agreed to spend close to $1 trillion of money in our American companies, which to me means jobs,” Trump told reporters on Monday, explaining why he prioritizes the relationship. While Trump announced sweeping new tariffs Wednesday on imports from much of the world, roiling the financial markets, Saudi Arabia got off relatively lightly, with a 10 percent blanket duty.
Outside observers agree on the strategic value of the Saudi relationship, noting the country’s role in helping navigate the fractious Middle East and its deep-pocketed investments in the United States, and said that Trump has doubled down on building ties with Mohammed bin Salman, the nation’s crown prince and de facto ruler.
“We always wanted the Saudis to buy American weapons, and they did, and to buy Boeings, and they generally did,” said James Jeffrey, chair of the Middle East program at the Wilson Center, a nonpartisan foreign policy think tank that is federally funded and being dismantled by the administration. “Trump sees investing in the Saudis and the crown prince’s long-term vision for Saudi Arabia as great for American business.”
But Trump’s courting of Saudi leaders and investments has worried some watchdogs and lawmakers, who pointed to years of interactions and comments that they said were inappropriate by the president. After the CIA concluded that Mohammed ordered the assassination of journalist and Washington Post contributing columnist Jamal Khashoggi in 2018, Trump publicly declared that the U.S. stood with Saudi Arabia, effectively ending efforts to privately pressure the country, according to former administration officials.
“Trump does nothing to challenge kindred-spirit Saudi kleptocrats, the first foreign hosts of this tyrant-president,” Rep. Jamie Raskin (D-Maryland) wrote on social media in 2018. Reached on Wednesday, Raskin said he stood by the post and pointed to further examples of Trump family dealings with the Saudi government, such as Saudi investments in a fund operated by Jared Kushner, Trump’s son-in-law.
The White House dismissed questions about whether Trump’s personal and professional entanglements with Saudi Arabia were appropriate.
“President Trump is the Peace President and a master dealmaker, and he has already secured $600 billion in investment from Saudi Arabia,” White House spokeswoman Anna Kelly said in a statement, citing news reports. “Prince Mohammed bin Salman has been a key partner in U.S. efforts to both improve economic and security cooperation in the region.”
The Trump Organization, the holding company for most of Trump’s business ventures, also has said that the president would not be involved in its business decisions as he serves in the White House. It did not respond to requests for comment about this week’s LIV event.
Golf has created a new avenue for Trump to work with the Saudis, especially as his move into politics complicated his long-standing relationships within the sport. When Trump first ran for president in 2016, the PGA Tour relocated an event from the Trump-owned Doral course to Mexico City, saying the move was based on a change in sponsor. After the Jan. 6, 2021, attack on the U.S. Capitol, the PGA of America — a separate organization that spun off the tour decades ago — canceled plans to hold its championship event at Trump’s New Jersey course. Trump subsequently struck deals to host LIV events on several of his courses, helping provide legitimacy to the upstart league and funneling money into Trump’s golf business.
While Trump has previously appeared at LIV events hosted at Doral — including playing in the tour’s pro-am event in 2022 — this week would mark his first appearance at a LIV tournament as president.
Reached for comment, LIV officials declined to discuss details about Trump’s anticipated visit to the multiday event. In the past, the league has been eager to focus attention on its golf product and roster of athletes rather than highlight its relationship with Trump or the league’s Saudi benefactors. Officials declined a Post White House reporter’s request for credentials to cover this week’s event.
“While we understand the interest, this week’s tournament is not for political reporting,” LIV spokesperson Allen Barrett wrote in an email.
The deep-pocketed Saudi Public Investment Fund, which says it has about $925 billion under management, launched LIV Golf in 2022, poaching PGA Tour golfers and immediately posing an existential threat to the world’s dominant professional golf tour. After filing dueling lawsuits in federal court, the PGA Tour struck a deal with the Saudi sovereign wealth fund in June 2023 to partner. Nearly two years later, they’ve yet to reach final terms. If a final agreement is eventually reached, the Saudis are expected to sink more than $1 billion into the PGA Tour and gain a seat on the organization’s governing board.
Until that happens, the tours continue to battle for talent, fans and relevance, with both sides agreeing the current arrangement is costly, unsustainable and bad for fans.
Enter Trump, the self-professed dealmaker extraordinaire who has a vested interest in how the dust settles. While occupants of the White House have long had a close relationship with putting greens — including practicing their swings on the small strip located outside the Oval Office — the current president has prioritized the sport and its top practitioners, awarding Woods the nation’s highest civilian honor in 2019 and urging officials in his first term to fund a health-care project backed by Nicklaus.
Eric Trump, center, putts at Trump National Doral Golf Club during the LIV Golf Miami tournament pro-am round on Thursday. (Alex Brandon/AP)
While Trump has done business with the Saudis, he’s socialized with them, too. Shortly after his election, Trump attended a UFC event in New York, sitting between Al-Rumayyan and Elon Musk.
“I think there was a sense when President Trump got reelected that it would smooth the way to a relationship, but that hasn’t materialized for reasons that we can only guess at,” said Brandel Chamblee, a Golf Channel analyst who has been critical of LIV Golf and its Saudi roots. “It looks like it is going to be some while before it happens, if it happens.”
It is not for lack of trying — or boasting. Trump predicted in November that it would take him “the better part of 15 minutes to get that deal done.”
At the PGA Tour’s request, Trump met with Monahan on Feb. 4 at the White House, with Al-Rumayyan joining at one point via phone. The golf world was hopeful that a Feb. 20 follow-up meeting in the Oval Office that included Trump, Monahan, Al-Rumayyan and golfers Woods and Adam Scott might result in an agreement. But after more than three hours of discussions, they left with no deal and several remaining hurdles, chief among them: What becomes of LIV Golf if the Saudis partner with the PGA Tour?
There had been little progress in the weeks following the White House meeting. But the Saudi Public Investment Fund reached out to the tour last week, offering a $1.5 billion investment, contingent on the continued operation of LIV Golf, according to a person familiar with the matter who spoke on the condition of anonymity because he was not authorized to discuss private negotiations. The tour responded on Monday, declining any assurances on LIV’s future because, the person close to the situation said, the tour is insistent on a reconciliation of the pro golf world.
A PGA Tour spokesman declined to comment on the latest communications, which were first reported Thursday by the Guardian. The impasse casts further uncertainty on the negotiations and comes just one week before the Masters tournament, the biggest week on the golf calendar.
Speaking to reporters on Air Force One en route to South Florida on Thursday, Trump expressed hope that “we’re going to get the two tours to merge.”
Though another negotiating session has not been announced, tour officials believe Trump will continue to play a role in the ongoing discussions.
“He wants to see the game reunified. We want to see the game of golf reunified,” Monahan told reporters last month. “His involvement has made the prospect of reunification very real.”
My question is what every country is calling us, lol.
JPM is getting more interesting at 211, since it is down from a 280. Soon it maybe a good time to buy the stocks I always wanted to add, but at lower price.
And hence a bounce in RH where much of their products are made.
“Every country is calling us. That’s the beauty of what we do,” Trump said.
“We put ourselves in the driver’s seat. If we would have asked these countries to do us a favor, they would have said no. Now they will do anything for us.”
Trump added: “The tariffs give us great power to negotiate. They always have.”
I see a lot of new Trump golf and hotel resorts opening around the world. Only the luckiest will be able to afford to stay there - a new golden age,
In USA politics after extremely turbulent times or a very disliked president, the other party comes to power. In this case let's hope it is November elections and we shall see the sea change and new hope.
Vietnam heard you.
History will repeat itself. This will be much worse than the Covid unemployment was.
He is emptying the prisons, why not?
At the rate and reasons the markets are dropping I see no reason to think that SPX 4500 is not in our near future. We are going to see more losses than during the Great Recession and could be approaching worldwide recession.
By the way, markets do not bottom on a Friday.
If I were Fed chair Trump will have to try a lot harder than he's tried so far.
Trump will have to "try harder than anyone has ever tried before".
Create "a truly catastrophic victory" to use the words of George W Bush.
So far, I laugh at Trump's attempt at mini-chaos.
Time to put on some big-boy pants — or go home.
Hundreds of thousands of workers are being furloughed, laid off or fired in the private sector as well as the 300,000 expected to be fired in the federal work force. Trump is actively forcing Powell's hand.
Abe Lincoln almost 200 years ago:
At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.
I think we will start to see countries negotiate the tariffs which will be a catalyst with the market. It all comes down to who can handle the most pain. This too shall pass. I may start buying at the end of the day for a bounce Monday.
I don't think they could design a less safe airplane unless they just buy them from Russia.
Yes we do...
We have a deeply stupid government.
The majority of them voted for him. Guess they'll just have to survive on a serving of sticking it to the libs when they have to sell their farms. Eastern Maryland is just chock full of right-wing, poorly educated, MAGA farmers. Can't say I really care what happens to them but maybe I won't have to look at hundreds of Trump yard signs when I'm driving through to get to Delaware. That's a bonus.
VGT. I've no time for serious individual stock investing. I might do a little buying this afternoon, especially if the smart money sits on their hands at 3:45 and we see another big drop into the close. No matter how bad this gets, tech will thrive. For me it may just be a quick trade if there's a bounce on Monday. Until DJT is out of office and MAGA is buried, it may be better to just buy a lotto ticket..:).
History:
1890 - The McKinley Tariff - 50% on imports as promised in the Republican platform.
1893 - 1897 Depression
1930 - Smoot Hawley Tariff Act - Tariffs on over 20,000 imported goods. Smoot, Hawley, Hoover, all Republicans
1930-1940 - Great Depression
2025 - Trump Illegal Tariffs, we'll see if the courts and the legislature actually stand up to his criminality in this area.
2026?
Trump would love to fire him. Glad Powell is standing his ground. I can see Trump fuming watching Powell speak.
Even a blind squirrel finds a nut once in a while..:).
I think there's a pedophile fraudster Trump wants to make Fed Chair to replace Powell
Trump simply has to pardon him first. Powell is not playing ball.
Fed’s Powell warns Trump’s tariffs will boost inflation and slow growth
Central bank chief says duties are ‘significantly larger than expected’ https://www.ft.com/content/0147b09b-e319-453d-9a0c-e8fcce510a18
The Fed maybe the last bastion of independent thinking and acting, we need it.
Certainly not. Cutting rate in the face of much higher price inflation?
They need to wait until the real economy actually tanks and unemployment heads higher.
China’s Finance Ministry on Friday announced it would impose an additional 34% levy on U.S. goods beginning April 10. This week the U.S. announced an import tariff of 34% on China, which comes on top of the 20% tariff on those imports that the Trump administration had already put into effect. The result is effectively a duty of 54% on goods from the country.
I do not think Powell should cut rates today, why bail out the liar of the White House.
Sold 3 Covered Calls in ANF for a premium of $1.25 and expiration of 6/20 and a strike price of 115.
IMO: today will be worse than yesterday since it is a Friday and so many things can happen over the weekend, that many will want to hold more cash or T's.
Climate crisis on track to destroy capitalism, warns top insurer
https://www.theguardian.com/environment/2025/apr/03/climate-crisis-on-track-to-destroy-capitalism-warns-allianz-insurer
Action urgently needed to save the conditions under which markets – and civilization itself – can operate, says senior Allianz figure
The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate.
The world is fast approaching temperature levels where insurers will no longer be able to offer cover for many climate risks, said Günther Thallinger, on the board of Allianz SE, one of the world’s biggest insurance companies. He said that without insurance, which is already being pulled in some places, many other financial services become unviable, from mortgages to investments......................................
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We should start hearing about margin calls and soon about bankrupt corporations, as business slows down and stalls.
It may be impossible to model out specifically or have some microanalysis of what is going to take place (what is starting to take place now), but in general macro terms, the writing is already on the wall. Too much of it will not be able to be erased. We haven't even discussed the merging of the impending major economic devastation that WILL be occurring with the Climate Crisis. Unfortunately, we all have staked our lives on that fact, whether we know it or not.
The American Age Is Over
Emergency Triad: The United States commits imperial suicide.
https://www.thebulwark.com/p/the-american-age-is-over
Jonathan V. Last
Apr 03, 2025
1. Canada
Fittingly, it was the Canadian prime minister, Mark Carney, who declared the official time of death.
The global economy is fundamentally different today than it was yesterday. The system of global trade anchored on the United States, that Canada has relied on since the end of the Second World War—a system that, while not perfect, has helped to deliver prosperity for our country for decades—is over.
Our old relationship of steadily deepening integration with the United States is over.
The eighty-year period when the United States embraced the mantle of global economic leadership—when it forged alliances rooted in trust and mutual respect, and championed the free and open exchange of good and services—is over.
While this is a tragedy, it is also the new reality.
And just like that, the age of American empire, the great Pax Americana, ended.
We cannot overstate what has just happened. It took just 71 days for Donald Trump to wreck the American economy, mortally wound NATO, and destroy the American-led world order.
He did this with the enthusiastic support of the entire Republican party and conservative movement.
He did it with the support of a plurality of American voters.
He did not hide his intentions. He campaigned on them. He made them the central thrust of his election. He told Americans that he would betray our allies and give up our leadership position in the world.
There are only three possible explanations as to why Americans voted for this man:
they wanted what he promised;
they didn’t believe what he promised; or
they didn’t understand what he promised.
Pick whichever rationale you want, because it doesn’t matter. Whatever the reason was, it exposed half of the electorate—the 77 million people who voted for Trump—as either fundamentally unserious, decadent, or weak.
And no empire can survive the degeneration of its people.
2. No Going Back
Understand this: There is no going back.
If, tomorrow, Donald Trump revoked his entire regime of tariffs, it would not matter. It might temporarily delay some economic pain, but the rest of the world now understands that it must move forward without America.
If, tomorrow, Donald Trump abandoned his quest to annex Greenland and committed himself to the defense of Ukraine and the perpetuation of NATO, it would not matter. The free world now understands that its long-term security plans must be made with the understanding that America is a potential adversary, not an ally.
This realization may be painful for Americans. But we should know that the rest of the world understands us more clearly than we understand ourselves.
Vladimir Putin bet his life that American voters would be weak and decadent enough to return Donald Trump to the presidency. He was right.
Europeans are moving ahead with their own security plans because they realize, as a French minister put it, “We cannot leave the security of Europe in the hands of voters in Wisconsin every four years.” He was right.
The Canadian prime minister declared the age of American leadership over. He was right.
Instead of arguing with this reality, or denying it, we should face it.
It’s bad enough being a failing empire. Let’s not also be a delusional failing empire. Let’s at least have some dignity about our situation.
The world will move on without us.
Economically this means that international trade will reorganize without the United States as the central hub. Relationships will be forged without concern as to our preferences. The dollar may well be displaced as the world’s reserve currency. American innovation will depart for other shores as the best and brightest choose to make their lives in countries where the rule of law is solid, secret police do not disappear people from the streets, and the government does not discourage research and make economic war on universities.
There’s a reason why countries like Belarus and El Salvador aren’t tech hubs.
All of this will mean slower growth at home and declining economic mobility. The pie will shrink and people will become more desperate to hold on to their slices.
If you want a small preview, look at what has happened to the British economy since Brexit.
The drag we experience will be much greater, because we had much further to fall.
In the security space, Europe will organize apart from us. The Europeans will create a separate nuclear umbrella and will likely include Canada, Japan, and Australia in their alliance. The “free world” as we have understood it for the entirety of our lifetimes will no longer include America.
As a result, America will either drift, or find itself becoming more closely allied with the world’s authoritarians. We may become closer with Putin’s Russia or Xi’s China. We may find that we need them—Russia as a counterweight to democratic Europe and China as a source of cheap manufacturing to relieve some of the price pressure on American consumers.
The end of the American era doesn’t mean everything will become chaos overnight. We aren’t going to wake up tomorrow to the sound of the blaring war rig horn from Mad Max. We are still a rich country, with momentum carrying us forward. But in ways that will soon be perceptible and eventually be undeniable, things will get worse. And facts about America and the world that we have taken for granted since the end of the Second World War will no longer hold true.
3. Idiots
On the day that Trump’s tariffs collapsed America’s position in the world, Secretary of State Marco Rubio went to Brussels to demand that NATO allies increase defense spending to 5 percent of their budgets.
But here is how utterly stupid and unserious our government is:
Europe is going to rearm. And they are going to do so by building up their internal defense industries so that they do not have to rely on America, which is in the process of threatening military action against a NATO member.
And the American response to this has been to cry foul.
U.S. officials have told European allies they want them to keep buying American-made arms, amid recent moves by the European Union to limit U.S. manufacturers’ participation in weapons tenders, five sources familiar with the matter told Reuters.
The messages delivered by Washington in recent weeks come as the EU takes steps to boost Europe's weapons industry, while potentially limiting purchases of certain types of U.S. arms.
Our government thinks it can simultaneously:
demand that Europe re-arm;
threaten our European allies with territorial annexation; and
demand that Europe buy American weapons.
We have a deeply stupid government—from our economically illiterate president to our craven and foolish secretary of state, from the freelancing billionaire dilettante who is gutting American soft power to the vaccine-denying health secretary who is firing as much talent as he can. From the senior economics advisor who thinks comic books are good investments, to the senators who voted to confirm this cabinet of hacks, to the representatives who stumble over themselves justifying each new inane MAGA pronouncement.
But also, we have the government we deserve.
The American age is over. And it ended because the American people were no longer worthy of it.
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Usually I would buy low if I see the cause of the low prices changing, but this time I do not see the cause of the low changing, the administration or its attitude.
This trade war is just starting so it is impossible to model it out, yet. But among others many USA farmers will lose out for instance soybeans will be bought not from US farmers but from Brazil. They will not like it.
China announced a 34% tariff on US goods.
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