« on: April 10, 2025, 06:52:48 am »
https://nypost.com/2025/04/09/business/why-trump-decided-to-take-the-win-and-paused-tariff-war/Donald Trump finally decided to take the proverbial “win” on trade and the stock market rallied nearly 3,000 points.
You can thank the bond market, with an assist from Treasury Secretary Scott Bessent, for making it happen.
We have been hyper-focused on how the stock market dropped ever since Trump declared trade war on the entire world, how he kept upping the ante, demanding ever higher degrees of compensation from our trade partners, even those who appeared to be acting in good faith and wanting to negotiate peace.
(snip)
The hawks seemed to be firmly in control even as markets around the world continued to crater, the US stock indices losing trillions of dollars in value.
Trump continued to ignore olive branches from the EU, which stated publicly it wanted zero tariffs with the US on many goods; Trump even kept toying with Israel, one of our closest allies, after Prime Minister Benjamin Netanyahu told him he’d eliminate all tariffs on US goods, wipe out the trade deficit with the US.
That long game came to an end Tuesday night in the form of a bond market rout for the ages.
(snip)
Market experts speculated hedge funds were unwinding some complex trades.
Even worse, I was told by the CEO of a major financial institution that one of our biggest foreign holders of treasuries, the Japanese, were unloading US debt in huge quantities.
Many fingers pointed to China, our long term adversary economically and militarily, but it was a friendly country, selling in huge quantities and sending interest rates into dangerous territory.
EXCERPT
The Japanese sell-off of U.S. debt finally spooked Trump.
Logged
aka "nasty degenerate SOB," "worst of the worst at Free Republic," "Garbage Troll," "Neocon Warmonger," "Filthy Piece of Trash," "damn $#%$#@!," "Silly f'er," "POS," "war pig," "neocon scumbag," "insignificant little ankle nipper," "@ss-clown," "neocuck," "termite," "Uniparty Deep stater," "Never Trump sack of dog feces," "avid Bidenista," "filthy Ukrainian," "war whore," "fricking chump," "psychopathic POS," "depraved SOB," "Never Trump Moron," "Lazarus," and "sock puppet."
"In a time of universal deceit - telling the truth is a revolutionary act." ---George Orwell
