lzee.bsky.social
lzee.bsky.social reposted
lzee.bsky.social reposted
#econsky
Speculating origins of Trump's tariff calc: Trump wanted big numbers for his tariffs. He knows that the real bundled-trade tariffs were only 2-3%. He needed a number with more zazz. His imbecilic (x-m)/m bullshit calculation backed him into the big numbers, numbers with the zazz that he wanted.,
#econsky
For the EU or China, the simplest countermeasure / response to Trump's tariffs would be to say something like "At lower trading volumes, we'd be less likely to buy US Treasury debt, and may unwind part of our current position to counteract the impact of tariffs on our labor markets." #Econsky
#econsky
#econsky There is evidence: stable democratic institutions (e.g., rule of law, property rights) limit policy uncertainties, fostering economic decisions. In short, stable democracy enables stronger growth. Trumpism is nether stable nor democratic E.g., www.journals.uchicago.edu/doi/full/10....
#econsky
Foreign travel to the US generates $150-$200 B in spending per year. It's being felt now at the border from diners to malls that Canadians used to frequent. It's being felt in summer bookings for US vacation destinations. This is terrible for the people who rely on tourists' spending. #Econsky
lzee.bsky.social reposted
lzee.bsky.social reposted
lzee.bsky.social reposted
The Trump administration is threatening sanctions, ON THE VICTIM, if they do not roll over and spread their legs. There are no security guarantees in the 'minerals deal,' just payments to the US in perpetuity.
⚡️US threatens to shut off Starlink if Ukraine won't sign minerals deal, sources tell Reuters. The U.S. first raised the prospect of shutting off Starlink after Zelensky rejected the deal presented on Feb. 12. Starlink terminals are critical in securing Ukraine's battlefield communications.
Waiting for Trump to blame the US loss on Biden’s DEI policies.
"You can't take our country — and you can't take our game," Prime Minister Justin Trudeau wrote on X after Canada beat the U.S. in an international hockey championship final amid political tensions caused by President Trump’s taunts and economic threats.
lzee.bsky.social reposted
lzee.bsky.social reposted
lzee.bsky.social reposted
lzee.bsky.social reposted
lzee.bsky.social reposted
lzee.bsky.social reposted
She regretted writing the email but would love to be interviewed by the NYTimes about it.
The mother of Pete Hegseth, President-elect Trump’s pick for secretary of defense, wrote him an email in 2018 saying he had routinely mistreated women for years and displayed a lack of character. She said on Friday that she regretted the email and had apologized to him.
I would love to see the pics from their Thanksgiving dinner.
“‘I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego. You are that man (and have been for years) and as your mother, it pains me and embarrasses me to say that, but it is the sad, sad truth.’” www.nytimes.com/2024/11/29/u...