kscarbel2

Not at all impressed with this gentleman. She's asking good solid questions.......he won't answer them. He just keeps repeating the rhetoric that we all know now by heart. JD Vance and Scott Bessent are rungs above this gentleman. .

. "At the end of the day, I hope it's agreed that both Europe and the United States should move ideally to a zero tariff situation, effectively creating a free trade zone between Europe and North America." Elon Musk

“I struggle for why, for what the president’s game plan is. Because if you wanted to make the market crash, I think you would go with this game plan. I don’t like that game. I do not favor that. That’s a they know nothing game plan. It should not be in our country’s interest to have the market crash.” Jim Cramer .

As a result of the tariff action, major banks have issued the largest margin calls to their clients since COVID (March/April 2020). The scale of the calls suggests the steep sell-off will continue next week. Hedge funds are facing Lehman-style margin calls as a market crash triggered by President Trump's tariffs raises fears of a "Black Monday." The market's sharp downturn has forced hedge funds to sell off assets, with major Wall Street banks demanding collateral after the value of holdings sharply declined. There is fear of a repeat of the devastating 'Black Monday' (October 19, 1987) when the Dow fell 22.6%, the largest one-day percentage drop in history.

There is a plausible theory..................that President Trump is deliberately tanking the stock market with his tariffs so as to force Federal Reserve Chairman Jerome Powell to cut interest rates. Continuing to crash the stock market could weaken the dollar, thus making U.S. exports more price competitive. And it could lower mortgage rates stimulating domestic housing construction. Of course, this would be very risky........everything would have to fall into place just right. Failure would be disastrous.

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87 octane averages $2.99 around me. Gasoline can't fall much lower than that. Both Biden and President Trump harped on lowering gasoline pump prices. But it can't get much lower or the oil companies aren't making any money.

The Democrats couldn't possibly believe what they're saying. These are intelligent people. Rather, it's as though they are reading from a script. They are controlled.

The stock market selloff deepened, bonds pared gains and oil hit a four-year low, with Federal Reserve Chair Jerome Powell today reiterating the central bank’s wait-and-see approach. Powell said the economic damage of a trade war will be bigger than anticipated.

In short, he in one sense went too far. In another sense, he has not spoken clearly. The idea is right, but the execution is wrong. Apparently, he's listening to the wrong advisors (Lutnick, Navarro) rather than the right ones (JD Vance, Suzie Wiles and Scott Bessent).

Why don't we ever see the names of great American leaders like John Kennedy on presidential ballots? Apparently, they are not permitted to run.

Stagflation, the s-word rippling through Wall Street and Main Street, is a calamitous anomaly whereby the economy manifests low growth and high inflation at the same time. Anyone who remembers the 1970s will recall that it caused an economic crisis in the United States, ushering in a turbulent era of high prices, interest rates and unemployment — and considerable instability and pain. Stagflation unraveled two presidencies, Ford’s and Carter’s, and nearly destroyed Reagan’s. Today, experts are worried that the new tariff regime, which is all but certain to raise prices, coupled with a tight labor market could return us to that era. “The data is continuing to support the narrative of weaker growth and higher inflation, with market-based inflation expectations continuing to rise,” says Deutsche Bank.

She bluntly pegs it in that video.

China’s finance ministry on Friday announced it would impose an additional 34% levy on U.S. goods beginning April 10. This week the U.S. announced an import tariff of 34% on China, which comes on top of the 20% tariff on those imports that the second Trump administration had already put into effect. The net result is a 54% duty on goods from China.

Legendary investor and PIMCO co-founder Bill Gross says investors should not try to buy the dip after the worst stock-market drop since the pandemic. “This is an epic economic and market event similar to 1971 and the end of the gold standard except with immediate negative consequences,” says Gross.

As a result of President Trump’s tariff scheme, JPMorgan’s economics team has just raised their recession probability to 60 percent. In a note entitled, “there will be blood,” chief economist Bruce Kasman and his team said this year’s 22-percentage tariff increase amounts to the largest tax hike since 1968.

“Consider Europe’s VAT regime [Value-Added Tax money grab]. A German automaker exporting a car to the U.S. does so tax-free — thanks to a VAT rebate. An American automaker shipping a car to Europe pays embedded U.S. taxes and a European VAT upon entry. One enjoys a de facto export subsidy. The other faces a tax wall. The WTO, in its infinite wisdom, allows this disparity and has repeatedly blocked American attempts to address it through legal or tax-code innovations. The Foreign Sales Corporation regime? Illegal. Domestic International Sales Corporations? Illegal. Export tax incentives? Illegal.” President Trump

https://www.breitbart.com/politics/2025/04/03/watch-nancy-pelosi-in-1996-assails-u-s-free-trade-with-china-is-this-reciprocal/

The chassis is a Ford Transit. So imagine that the powertrain module is under that front hood.

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“First of all, that report I saw was total fake news. We said that's going to take about six months and that's what Elon signed up for, but of course he's going to continue to be an advisor. The work of DOGE is not even close to done, the work of Elon is not even close to done. DOGE has got a lot of work to do, and that work is going to continue after Elon leaves but fundamentally Elon is going to remain a friend and advisor of both me and the president and he's done a lot of good things.” Vice President JD Vance

Treasury Secretary Scott Bessent advises other countries to “Sit back, take a deep breath, don't immediately retaliate. Let's see where this goes, because if you retaliate, that's how we get escalation. Doing anything rash would be unwise. A trade war depends on the country. But remember that the history of trade is we are the deficit country. The deficit country has an advantage. They are the surplus countries. The surplus countries traditionally, always lose any kind of trade escalation. As a student of economic history or a professor of economic history, I'd advise against trying to get revenge.”