"I worked in a factory in 1989. We made radial passenger tires for cars. I worked there with my dad, eight of my uncles, and 12 of my cousins. I was a union steward. That plant now sits in China because you can import small radial passenger tires pretty cheap because of our failed trade policy, in this Democrats opinion." This is about saving the middle class for President Trump.
The reason for the call today Jay is because some bonds just came across my desk that have your name written all over it. The name's United States Government. It's a low-tech behemoth with over $100 Trillion in debt and unfunded liabilities - and Jay? My analysts tell me it could go a heck of a lot higher than that.
Trump just nuked Temu and Shein It will now cost $75 per postal item. On June 1, it will go to $150 per postal item.
BREAKING: Treasury Secretary Bessent, asked about removing Chinese stocks from US stock exchanges, said: Everything's on the table
BREAKING: The U.S. dollar reaches its strongest level against the Chinese yuan since 2007. image
🚨NEW: Steve Eisman gives the best take on tariffs played on cable news. Joining CNBC’s ‘Fast Money,’ Eisman gave them the truth they didn’t want to hear. “When Bill Clinton signed NAFTA, he said it would be great for GDP and jobs. He was right on the former and DEAD wrong on the latter.” I don’t think Eisman will be invited back. 😂 “President Trump told them what he was going to do, and everyone is shocked that he did it,” he continued. It really never ceases to amaze people that Trump is a man of his word. It drives the media crazy that he is actually the PEOPLE’S president, not Wall Street’s. A change that was absolutely the reason he was elected in the first place. 🇺🇸
China 10 Year Yield getting ready to take a run at the 1.60% low. Rates going to the zero bound in China not on Wall St Bingo card. What if China needs to sell UST because it’s running out of USD to keep the Peg to USD… I think Bessent knows a thing or two on currency Pegs image
The S&P 500 has now erased all gains since March of 2022. The last 3 years didn't happen. image
“Bessent is a genius and he knows what he’s doing, he wants yields down so the US can refinance the debt and consumers will benefit from lower financing rates”. Bravo. image
And here is Mark Cabana, the former Fed staffer who correctly called the Fed bailout in March 2020 two days ahead of time image