Good morning everyone! Welcome to another week in the ongoing battle between good and evil. Remember, it’s not about left-right, but up-down.
The Economy Develops Trump Derangement Syndrome
In the past week, Trump has:
- Proposed 50-year mortgages as a means for getting more people into homes
- Promised a $2000 stimmie check to “most Americans”
- Lost the Supreme Court case about the ability/right of the executive branch to levy tariffs, sparking concerns that the US government will have to give back ~$230 billion dollars
- Promised to push harder into so-called cryptocurrencies
Given that all of this may change later today, or tomorrow, or next week, the economy is clearly getting whipped about due to nobody knowing what the plan is. Uncertainty can kill business decisions quickly. Nobody knows what’s happening anymore, at least judging by the canyon-wide span of economic opinions on my timeline.
The Hoi Polloi were not impressed with the 50-year mortgage plan:
But, if the debasement trade continues, many of us may want to consider taking out as many loans as we can for the longest possible durations…and let our PMs pay those off effortlessly in future years.
Trump, presumably not checking with his team, Tweeted out this huge news:
But Scott Bessent was there to temper Trump’s wild assertion:
It’s starting to smell a little bit desperate:
For some reason, every time Trump speaks about crypto, I have the urge to grab my wallet:
Meanwhile, Doug Burgum is speaking about something that’s so sensible I wonder if he’s got a brain tumor or something:
Losing The Base
Trump is busy losing his base.
by cmartenson 
