The reason Trump caved on tariffs and bent the knee

C

Cypress

Well-known member

America’s financial system came close to the brink​

Chaotic markets threatened to trigger a full-blown crisis​

For a good few hours on April 9th, disaster beckoned.

Share prices had been falling for weeks. Then the market for American Treasury bonds—normally among the safest assets available—started convulsing, too. The yield on ten-year Treasuries leapt to 4.5% (see chart 1), up from 3.9% days earlier. That meant bond prices, which move inversely to yields, had cratered.

The failure of both risky and supposedly safe assets at once threatened to destabilise the financial system itself.


www.economist.com

America’s financial system came close to the brink

Chaotic markets threatened to trigger a full-blown crisis
www.economist.com www.economist.com
 
Cypress said:

America’s financial system came close to the brink​

Chaotic markets threatened to trigger a full-blown crisis​

For a good few hours on April 9th, disaster beckoned.

Share prices had been falling for weeks. Then the market for American Treasury bonds—normally among the safest assets available—started convulsing, too. The yield on ten-year Treasuries leapt to 4.5% (see chart 1), up from 3.9% days earlier. That meant bond prices, which move inversely to yields, had cratered.

The failure of both risky and supposedly safe assets at once threatened to destabilise the financial system itself.


www.economist.com

America’s financial system came close to the brink

Chaotic markets threatened to trigger a full-blown crisis
www.economist.com www.economist.com
Click to expand...
Not sure the danger of the crash is even over. He did some long-term damage.
 
Jarod said:
Not sure the danger of the crash is even over. He did some long-term damage.
Click to expand...
And that could be a big problem.
MAGAS right now are cheering Trump's flip flopping and can't seem to remember hardly any of his tariffs have been put in place yet.
And when they do get put in place prices of just about everything we buy will skyrocket.
And when they have to start paying super high prices that is when they will start crying.
I can hear it now " I didn't vote for this"
 
Tbird19482 said:
And that could be a big problem.
MAGAS right now are cheering Trump's flip flopping and can't seem to remember hardly any of his tariffs have been put in place yet.
And when they do get put in place prices of just about everything we buy will skyrocket.
And when they have to start paying super high prices that is when they will start crying.
I can hear it now " I didn't vote for this"
Click to expand...
I don’t know, some Trumper may cheer the higher prices. Part of the plan. Take your medicine.
 
Cypress said:

America’s financial system came close to the brink​

Chaotic markets threatened to trigger a full-blown crisis​

For a good few hours on April 9th, disaster beckoned.

Share prices had been falling for weeks. Then the market for American Treasury bonds—normally among the safest assets available—started convulsing, too. The yield on ten-year Treasuries leapt to 4.5% (see chart 1), up from 3.9% days earlier. That meant bond prices, which move inversely to yields, had cratered.

The failure of both risky and supposedly safe assets at once threatened to destabilise the financial system itself.


www.economist.com

America’s financial system came close to the brink

Chaotic markets threatened to trigger a full-blown crisis
www.economist.com www.economist.com
Click to expand...


It's fun watching you alt lefties melt down. Thank you for your significant contributions to my happiness.

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Most likely Trump miscalculated because he understands almost nothing about China, or about how weak the Imperial Empires cards are....his over optimism problem bit him in the ass yet again.

70% confidence.
 
People that are rooting against Trump are rooting against America. The financial path that Joe Biden left is unsustainable. America's financial ship has to be righted. Trump is trying to bring manufacturing back to the US the jobs that were available to our fathers. If tariffs are so bad why do other countries have them and why don't they want to get rid of them? The town grew up in use to build ships. A ship has not been built in 15 years. A couple of minor ship yard have built shrimpers and tugs but that is it. They built destroyers in WWII My grandmother was a welder on destroyers in WWII.
 
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Tbird19482 said:
And that could be a big problem.
MAGAS right now are cheering Trump's flip flopping and can't seem to remember hardly any of his tariffs have been put in place yet.
And when they do get put in place prices of just about everything we buy will skyrocket.
And when they have to start paying super high prices that is when they will start crying.
I can hear it now " I didn't vote for this"
Click to expand...
Unfortunately, Trump chooses to not have any advisors who have both expertise and are willing to give him honest advice. He only hires people who will tell him he is a stable genius.
 
FastLane said:
People that are rooting against Trump are rooting against America. The financial path that Joe Biden left is unsustainable.
Click to expand...
Trump came within hours of crashing the American financial system. That's why he caved.

Only someone who is in a cult could look at how reckless Trump was, and cheer :cheer: for more of it.
 
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