Steve

Steve

@stevedmhsmith.bsky.social

259 followers43 following807 posts

Americans are set to pay more than half of President Trump's tariffs as companies raise prices, according to Goldman Sachs. Americans will likely bear the brunt of 55% of tariff costs by the end of the year, with US companies taking on 22%.

finance.yahoo.comGoldman Sees US Consumers Paying More Than Half of Trump TariffsUS consumers will likely shoulder 55% of tariff costs by the end of the year, with American companies taking on 22%, the Goldman analysts wrote in an Oct. 12 research note to clients. Foreign exporte...

The beginning of the age of God, apparently "This is not only the end of a war. This is the end of the age of terror and death and the beginning of the age of faith and hope and of God."

I can only think that Trump is trying to slow down the US economy through tariffs in order to increase likelihood of more interest rate cuts this year. A problem with this approach is that tariffs are inflationary.

Good post!

zaclivinglife.bsky.social@zaclivinglife.bsky.social

The middle class and the poor keep getting further behind because they live their lives in dollars, or euros etc… the amount of that money is expanding at faster and faster rates so prices rise, far faster than their wages. What used to be a comfortable salary now feels like it barely gets you by.

It must be a fearful thing to be an American. Free speech, civil liberties, freedom of expression, electoral integrity, privacy, freedom of belief, freedom of the press, judicial independence, freedom to disagree. They're all being eroded. www.theguardian.com/us-news/2025...

theguardian.comEx-FBI director James Comey indicted on two charges as Trump pushes to prosecute political enemiesComey, one of Trump’s frequent targets, indicted on counts of making false statements and obstruction of a congressional proceeding

Jesus tells us, "Come to me, all you who are weary and burdened, and I will give you rest" (Matt 11:28). It's an invite, but also a command. Receive the rest only Jesus can give. Maybe you're a Jehovah's Witness and so you can't do this. Do what Jesus commands you not what The Watchtower tells you

What Trump and has tariff supporters seem to have forgotten is, if they throw the rest of the world into an economic slow down then they won't be buying American exports.