Blackvegetable » 16 Jul 2024, 10:48 am » wrote: ↑
After a weekend assassination attempt that has galvanized support for the former president, yields on longer-term Treasury securities rose a bit more than shorter-term ones on Monday, a subtle sign that the Trump inflation threat is on the market’s radar. It’s a trend, known as the “Trump trade,”
Trumponomics 2.0 Will Awaken Bond Vigilantes
https://www.bloomberg.com/opinion/artic ... vigilantes
Taken at face value, there are a lot of inflationary proposals in Donald Trump’s economic agenda. If elected, he could extend his 2017 tax cuts amid yawning budget deficits and dramatically curb labor supply by sending the National Guard to deport millions of undocumented immigrants. He could push a 10% across-the-board import tariff and 60% duties on Chinese goods specifically, and has allies that might reportedly try to undermine Federal Reserve independence. Fortunately, markets can nudge Trump toward moderation.
After years of railing about Inflashun, MAGAts are now going to vote in favor of an entirely self inflicted version
.
Why?
Because they're **** idiots
.
You're the **** idiot, and Bloomberg isn't much better if that's all they're looking at.
So figure it out, nitwit.
On day one, right after Trump closes the border and directs the massive deportation plan he has, his likely second order of business is to open up federal lands on shore, off-shore and in ANWR to drill and frack us right back into energy independence and cutting the price of gas once more to under $2 a gallon EXACTLY HOW HE DID IT LAST TIME!
Now, use your pea-brain and figure out for yourself what cheaper oil, cheaper natural gas, and cheaper diesel would mean to jobs, wages, and the economy.
Then ask the nearest 5th grader to explain to you how that change alone will drop the inflation rate drastically.
And then a dope like you can go back to peddling the lies you've told over the last 4 years and having them rubbed in your ignorant snout, which is the natural order of things.