‘Told Ya So.’….
The US Stock Market ZOOM’s UP 2,000+ Points within minutes….
The Bull Shit IS FLOWING from Trump people to try and save face….
He CAVED as some of us predicted…..
He WAS UNDER YUGE PRESSURE and one would think the Republicans lining up to take away his Tariif authority IS also a factor….
Bond prices dropping in addtion to stock markets’ sell off….
Trump approval IS in the negative and local and state GOPer’s have had Tariff’s to carry on their back in addtion to the lousy economy’s price hikes…
Only China is left out of this…
Yes….
There will be Talks and Deals….
One hopes Investors can recoup their lost equity….
The story is 90 days…..
One doubts he’ll go back to well again ….
But ya never know…
China had raised tariffs on U.S. imports to 84 percent overnight, retaliating for U.S. tariffs on Chinese goods that kicked in at midnight — which Trump’s announcement raised again, from 104 percent to 125 percent.
But the bond market’s woes raised fears that the United States may be in the early stages of financial turmoil that could prove difficult for the Federal Reserve or other agencies to resolve. Typically, investors flee to Treasuries during market panics because the U.S. government is viewed as among the safest investments in the world. But the rise in yields this time appears to scramble that story, suggesting at least some drop in confidence in the Treasury Department’s ability to repay its obligations.
The U.S. government relies on cheap borrowing rates to run massive annual deficits, which enable high levels of spending and low taxation. Higher bond rates could make it far more expensive to finance federal debt, forcing major tax hikes or cuts to spending. Lending throughout the economy is also tied to U.S. Treasury rates. That means the costs of loans for mortgages, cars and other goods could go up — even as the nation overall faces an economic slowdown.
The announcement came after the 10-year U.S. Treasury bond sold off heavily. Those bonds are typically seen as a safe haven when markets are unsettled and rose sharply to more than 4.5 percent before retreating somewhat. Yields move inversely to prices, meaning investors are quickly selling U.S. bonds…..
Some of the mouths at the various Trump media are claiming that “ this was the plan all along.’
They are lying of course.
Indeed,believing Trump has a “ plan” is pure idiocy.
Indeed on the make believe effort to make an idiot look smart