sycasey said:DiabloWags said:Aunburdened said:
I'll take "Things Democrats pretended not to notice from Jan 2021-Nov 2024 for $400", Ken.
I believe Bernie Sanders is a Democrat.
Technically he's an Independent.
The Economy
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2601 Replies |
Last: 3 min ago by DiabloWags
From 3.95% to 4.39% in one month.
Not good.
Not good.
I stand corrected on inflation, prices are coming down.
Prices are down under President Trump! pic.twitter.com/fM1KWNONye
— Gary Peterson 🇺🇸 (@GaryPetersonUSA) March 25, 2026
Current fiscal year deficit looks to be $1.75 TRILLION.
So says the CBO from last month.
This number already looks low.
Add another $200 Billion for the war
funding and another $130 Billion for tariff refunds.
Make no mistake.
Biden did not do this.
DONALD TRUMP DID.
THIS IS HOW YOU MAGA!
So says the CBO from last month.
This number already looks low.
Add another $200 Billion for the war
funding and another $130 Billion for tariff refunds.
Make no mistake.
Biden did not do this.
DONALD TRUMP DID.
THIS IS HOW YOU MAGA!
— Not Jerome Powell (@alifarhat79) March 26, 2026
US bond markets are under serious pressure.
— Adam Kobeissi (@TKL_Adam) March 26, 2026
The 10Y Note Yield is back at 4.40% and the average 30Y Mortgage is up to 6.38%, up for 4-straight weeks.
Just days prior to the Iran War, mortgages fell to the 5%'s for the first time since 2022.
The bond market needs serious help. pic.twitter.com/aRqqY61njD
Yes, the month of March has not been kind to the bond market.
4.4160 - - - - - +2.03% today
4.4160 - - - - - +2.03% today
anecdotally I had noticed more "above asking" sales in Oakland in q1 after a long moribund and stubborn period. War wipes all of that momentum ..that even AI-driven housing demand pressure from SF to east bay won't make up soonCal88 said:— Not Jerome Powell (@alifarhat79) March 26, 2026US bond markets are under serious pressure.
— Adam Kobeissi (@TKL_Adam) March 26, 2026
The 10Y Note Yield is back at 4.40% and the average 30Y Mortgage is up to 6.38%, up for 4-straight weeks.
Just days prior to the Iran War, mortgages fell to the 5%'s for the first time since 2022.
The bond market needs serious help. pic.twitter.com/aRqqY61njD
Priest of the Patty Hearst Shrine
Wow.
What happened to luxury stocks?
— Fiscal.ai (@fiscal_ai) March 25, 2026
Current Drawdowns:
EssilorLuxottica: -39%
Hermès: -41%
Ferrari: -43%
LVMH: -49%$RACE $RMS $MC $EL pic.twitter.com/8dXgkYQFM6
Cal88 said:
Wow.What happened to luxury stocks?
— Fiscal.ai (@fiscal_ai) March 25, 2026
Current Drawdowns:
EssilorLuxottica: -39%
Hermès: -41%
Ferrari: -43%
LVMH: -49%$RACE $RMS $MC $EL pic.twitter.com/8dXgkYQFM6
Quick, somebody tell David French!
U.S. Dollar share of global foreign currency reserves have fallen to its lowest level this century 🤯📉👀💸 pic.twitter.com/ieO1cVUeJx
— Barchart (@Barchart) March 30, 2026
BREAKING: S&P 500 futures erase all gains and turn red on the day, now down over -100 points from the pre-market high. pic.twitter.com/08AUgl0U3q
— The Kobeissi Letter (@KobeissiLetter) March 30, 2026
DiabloWags said:
Trump's tariffs are hurting American manufacturing.
https://apnews.com/article/trump-tariffs-manufacturing-china-030d58f482ce2505721a3ce86820d1da
So about those recent manufacturing employment numbers...
— Commonplace (@commonplc) March 26, 2026
Critics of Trump's tariffs claim that the decline in manufacturing employment proves that tariffs aren't working, but @Chris_Griz explains there's much more to the story than the critics admit.https://t.co/imKys7yDWq
From that piece….."Another is that tariffs implemented in a haphazard, opaque, and unpredictable manner make it harder for manufacturers to invest than necessary, thus offsetting some of the potential gains tariff pressures produce."Aunburdened said:DiabloWags said:
Trump's tariffs are hurting American manufacturing.
https://apnews.com/article/trump-tariffs-manufacturing-china-030d58f482ce2505721a3ce86820d1daSo about those recent manufacturing employment numbers...
— Commonplace (@commonplc) March 26, 2026
Critics of Trump's tariffs claim that the decline in manufacturing employment proves that tariffs aren't working, but @Chris_Griz explains there's much more to the story than the critics admit.https://t.co/imKys7yDWq
Priest of the Patty Hearst Shrine
Interest rates going up...
U.S Treasuries:
— Dan Collins (@DanCollins2011) March 30, 2026
- Japan is selling
- China is selling
- Gulf States selling
And we still need to roll over $20 trillion in the next 24 months. pic.twitter.com/e0cI9lxtIS
cal83dls79 said:Aunburdened said:DiabloWags said:
Trump's tariffs are hurting American manufacturing.
https://apnews.com/article/trump-tariffs-manufacturing-china-030d58f482ce2505721a3ce86820d1daSo about those recent manufacturing employment numbers...
— Commonplace (@commonplc) March 26, 2026
Critics of Trump's tariffs claim that the decline in manufacturing employment proves that tariffs aren't working, but @Chris_Griz explains there's much more to the story than the critics admit.https://t.co/imKys7yDWq
From that piece….."Another is that tariffs implemented in a haphazard, opaque, and unpredictable manner make it harder for manufacturers to invest than necessary, thus offsetting some of the potential gains tariff pressures produce."
Bingo!
Never mind the fact that a 50% tariff on copper doesn't do anything but screw the end user.
It takes 27 years for a copper mine to come online. No one is going to be investing the capital to develop a copper mine because of a 50% tariff. A similar argument can be made when it comes to aluminum. We just don't have the refining capacity like Canada does. - - - Wanna streamline the permitting process instead?
Great.
Do that.
But a tariff isn't going to be the catalyst to re-shore in America.
The supply chains (especially in the auto industry) are some of the most cost-efficient and optimally developed of any industry in the world. They offer consumers far greater choice, at a lower price.
But the Mango Moron thinks that supply chains are dumb.
Go figure.
And if you ask any of the 3 American Auto CEO's, they will tell you that Trump's tariffs on European and Asian vehicles is way too low. It doesn't compel foreign companies to invest plant and equipment in America. They will simply ride this out and wait till Trump leaves office.
DiabloWags said:cal83dls79 said:Aunburdened said:DiabloWags said:
Trump's tariffs are hurting American manufacturing.
https://apnews.com/article/trump-tariffs-manufacturing-china-030d58f482ce2505721a3ce86820d1daSo about those recent manufacturing employment numbers...
— Commonplace (@commonplc) March 26, 2026
Critics of Trump's tariffs claim that the decline in manufacturing employment proves that tariffs aren't working, but @Chris_Griz explains there's much more to the story than the critics admit.https://t.co/imKys7yDWq
From that piece….."Another is that tariffs implemented in a haphazard, opaque, and unpredictable manner make it harder for manufacturers to invest than necessary, thus offsetting some of the potential gains tariff pressures produce."
Bingo!
Never mind the fact that a 50% tariff on copper doesn't do anything but screw the end user.
It takes 27 years for a copper mine to come online. No one is going to be investing the capital to develop a copper mine because of a 50% tariff. A similar argument can be made when it comes to aluminum. We just don't have the refining capacity like Canada does. - - - Wanna streamline the permitting process instead?
Great.
Do that.
But a tariff isn't going to be the catalyst to re-shore in America.
The supply chains (especially in the auto industry) are some of the most cost-efficient and optimally developed of any industry in the world. They offer consumers far greater choice, at a lower price.
But the Mango Moron thinks that supply chains are dumb.
Go figure.
And if you ask any of the 3 American Auto CEO's, they will tell you that Trump's tariffs on European and Asian vehicles is way too low. It doesn't compel foreign companies to invest plant and equipment in America. They will simply ride this out and wait till Trump leaves office.
Good points. We will also have to revise our aluminum tariff policies on Canada as the GCC production has crashed.
And speaking of Canada, as a result of tariffs on cars and auto parts, they've shut down a lot of their GM/Ford/Dodge production and will now be hosting BYD and other Chinese plant ventures.
That aluminum tariff alone nearly KILLED FORD.
The most popular selling pick-up in American history, the F-150 is made up of nearly 45% aluminum.
Trump is the DUMBEST PRESIDENT IN MY LIFETIME.
The most popular selling pick-up in American history, the F-150 is made up of nearly 45% aluminum.
Trump is the DUMBEST PRESIDENT IN MY LIFETIME.
DiabloWags said:
That aluminum tariff alone nearly KILLED FORD.
The most popular selling pick-up in American history, the F-150 is made up of nearly 45% aluminum.
Trump is the DUMBEST PRESIDENT IN MY LIFETIME.
I can say the same thing and I'm probably a lot older than you.
Interesting to see the stock market rallying on the notion of a U.S. President retreating from a war of choice he started.
Censorship has always been a tool of the fascist
A federal office designed to stave off the next financial crisis is being dismantled by the Trump administration - Government Executive https://www.govexec.com/workforce/2026/03/federal-office-designed-stave-next-financial-crisis-being-dismantled-trump-administration/412481/
"As risks emerge in the financial system and cracks in credit markets spread, the Trump administration is gutting the office designed to evaluate financial risks in a giveaway to Wall Street," Sen. Elizabeth Warren, D-Mass., the top Democrat on the Senate Banking Committee, told Government Executive. "This is just the latest move by President Trump and his financial regulators to undermine financial stability and pave the way for another crash."
"As risks emerge in the financial system and cracks in credit markets spread, the Trump administration is gutting the office designed to evaluate financial risks in a giveaway to Wall Street," Sen. Elizabeth Warren, D-Mass., the top Democrat on the Senate Banking Committee, told Government Executive. "This is just the latest move by President Trump and his financial regulators to undermine financial stability and pave the way for another crash."
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
I got some friends inside
“I love Cal deeply, by the way, what are the directions to The Portal from Sproul Plaza?”
Send my credentials to the House of Detention
I got some friends inside
“I love Cal deeply, by the way, what are the directions to The Portal from Sproul Plaza?”
Since the start of the Iran war...
— Charlie Bilello (@charliebilello) March 31, 2026
Jet Fuel: +78%
European Natural Gas: +72%
Heating Oil: +68%
Brent Crude Oil: +55%$VIX: +54%
WTI Crude Oil: +54%
Urea: +48%
Sulfur: +48%
Gasoline: +47%
Diesel: +44%
Fertilizer: +29%
Coal: +22%
Palm Oil: +14%
Rice: +9%
Iron Ore: +7%
S&P 500: -8%
Foreign central banks have slashed their holdings of Treasuries at the New York Federal Reserve to the lowest level since 2012. https://t.co/XzNzJxcEhn pic.twitter.com/dkCbKa6kQZ
— Financial Times (@FT) March 31, 2026
Lumber prices falling?
Cal88 said:Since the start of the Iran war...
— Charlie Bilello (@charliebilello) March 31, 2026
Jet Fuel: +78%
European Natural Gas: +72%
Heating Oil: +68%
Brent Crude Oil: +55%$VIX: +54%
WTI Crude Oil: +54%
Urea: +48%
Sulfur: +48%
Gasoline: +47%
Diesel: +44%
Fertilizer: +29%
Coal: +22%
Palm Oil: +14%
Rice: +9%
Iron Ore: +7%
S&P 500: -8%Foreign central banks have slashed their holdings of Treasuries at the New York Federal Reserve to the lowest level since 2012. https://t.co/XzNzJxcEhn pic.twitter.com/dkCbKa6kQZ
— Financial Times (@FT) March 31, 2026
What this also underscores is that the Middle East is no longer an oil pump but a value added supplier of petrochemicals and polymers
slower housing starts, less demand.movielover said:
Lumber prices falling?
Lumber Drops Below $600
Lumber futures fell below $600 per thousand board feet as a slowdown in the North American housing market and rising financing costs outweighed persistent supply constraints. This downward pressure was driven by a 5.4% decline in building permits and a sharp 14.2% collapse in single-family housing starts, which signaled a cooling of construction activity as the spring season began. Additionally, 30-year fixed mortgage rates climbed to 6.22% following the Federal Reserve's decision to hold interest rates steady, the market was further pressured by a sharp drop in crude oil prices that reduced the energy-heavy transport and production overheads. These factors effectively neutralized the marginal one-point gain in the NAHB Housing Market Index to 38, leaving 37% of builders reliant on deep price cuts to move a 2.4% increase in unsold inventory. Structural supply issues like the 45% combined duties on Canadian softwood and ongoing sawmill closures continue to provide a floor. less
2026-03-23
Priest of the Patty Hearst Shrine
So much for that 6% GDP forecast by Howard Lutnick for 2026 and touted by so many Trumpers here.
How gullible can people be?
Haven't heard much from big mouth Howard lately.
Must be the stench of Epstein.
https://www.phillyvoice.com/haverford-college-students-howard-lutnick-library-epstein/
How gullible can people be?
Haven't heard much from big mouth Howard lately.
Must be the stench of Epstein.
https://www.phillyvoice.com/haverford-college-students-howard-lutnick-library-epstein/
I see you didn't post about the stock market today 49 times… wonder why
Oh yeah and this happened
Oh yeah and this happened
The US inflation index went down quite significantly today from 1.77% to 1.26%.
— Truflation (@truflation) April 1, 2026
Truflation CPI often shows larger monthly shifts on the 1st of each month because multiple data providers update their data.
This time, the shift is downwards and unusually strong, highlighting… pic.twitter.com/kLdiVq6D9K
🚨 BREAKING:
— ᴛʀᴀᴄᴇʀ (@DeFiTracer) April 1, 2026
🇺🇸 WARREN BUFFETT JUST SAID LIVE ON CNBC:
"THE CURRENT MARKET DROP IS NOTHING. A LARGER DECLINE IS AHEAD."
HE DEFINITELY KNOWS SOMETHING BAD IS COMING... pic.twitter.com/Jhj5k2pld1
These 1970s fossils like Ed Yardeni have still never moved on. Rates have gone up because of the inflationary aspect of oil / war. Bond vigilantes have nothing to do with it.
Censorship has always been a tool of the fascist
BREAKING: Foreign central banks have sold their holdings of US Treasuries to their lowest level since 2012 in an effort to prop up their economies and currencies amid the Iran War, per FT.
— The Kobeissi Letter (@KobeissiLetter) April 1, 2026
Details include:
1. The value of Treasuries held in custody at the New York Fed by…
Relates to my FT article post above from yesterday.
dajo9 said:
These 1970s fossils like Ed Yardeni have still never moved on. Rates have gone up because of the inflationary aspect of oil / war. Bond vigilantes have nothing to do with it.
Yes, oil prices and the potential for a $200 Billion War Supplemental have pushed rates up.
That's OBVIOUS.
Weak Auctions Underscore Risks of our Growing Debt Burden-2026-03-31
[url=https://www.crfb.org/blogs/weak-auctions-underscore-risks-our-growing-debt-burden]
[/url]
"We're the hottest country in the world"
- - - DJT
- - - DJT
BREAKING: Odds of a recession this year plummet from 40% to 27% pic.twitter.com/IKmjJEwKMz
— Kalshi (@Kalshi) April 1, 2026
Only 27%? Oh well, no big deal then.BearlySane88 said:BREAKING: Odds of a recession this year plummet from 40% to 27% pic.twitter.com/IKmjJEwKMz
— Kalshi (@Kalshi) April 1, 2026
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