Yeah, the word scapegoat might be good.

Bessent: Will see substantial tariff news next couple days

Something that I learnt is what happens to America for a just a few weeks of government shutdown when in fact it does have money. I think the Democrats won quite a bit; the article is wrong. The Republicans lost some elections, and got blamed for a ...

A historic shutdown is nearly over. It leaves no winners and much frustration

On the whole, that is kinda correct. Hence my careful wording in my initial post - where the burden of the tax falls. Unlike an importer, I think rarely does the end consumer pay the tax directly to the relevant department (which is? I have no idea ...

Bessent says don't believe tariffs are a tax on consumers

I don't think that it is quite appropriate for the secretary of the treasury to "believe" (or not) in something quite so fundamental to his position. There is data available on where the burden of the tax falls. There are facts. These facts may not ...

Bessent says don't believe tariffs are a tax on consumers

May well you/we jest. About three more years to go you know.

Trump: Will figure something out if SCOTUS rules against tariffs

He will say "well, I tried my very best at getting back everything from all the other countries for what they have been ripping American taxpayers off for decades. I need to think carefully about the direction I am going to take with the Supreme ...

Trump: Will figure something out if SCOTUS rules against tariffs

Uh-huh.

Trump: We are working with Switzerland on deal to lower tariffs

Get into his head. Trump wants to say that he made a deal. Impose 100% tariff (say). Then reduce it to 50%, and Swiss say they will do something. There. Deal done. Easy. For the avoidance of doubt, that is not negotiation by any stretch of the ...

Trump: We are working with Switzerland on deal to lower tariffs

"All he wants to do is appeal to his base. He has no principles. None. His goddamned tweeting and lying... oh my god. I'm talking too freely, but you know. The change of stories. The lack of preparation. The lying. Holy shit. [...] It's the ...

Trump: All money left over from the $2000 payments, will be used to substantially pay down...

He is worse than Biden. I didn't vote for him and I'm never ging to vote for Trump.

Trump: All money left over from the $2000 payments, will be used to substantially pay down...

Because he went down to the crossroads and sold his soul to the devil.

Fed's Miran: Potential end to government shutdown doesn't change outlook much

I have never read about Powell speaking on fiscal prudence. About the last time there was any hint of fiscal prudence in the USA was during the Clinton administration.

Fed's Daly: Policy is in a good place

Daly is usually pretty good in her assessment, but not always. I note she is very careful to say non-tariffed goods, and picks up on the possibility of a wage price spiral which she dismisses - odd, as she reckons inflation is contained. She also ...

Fed's Daly: Policy is in a good place

uh-huh

Trump: A dividend of at least $2000 a person (not including high income people!) will be paid...

Don't care. Lots of silly issues are plonked onto the Forex Factory wall so people may politely talk amongst themselves with a view to achieving the elimination of intelligent discussion. Edit - see the post directly above this for an example of a ...

Trump: A dividend of at least $2000 a person (not including high income people!) will be paid...

From the WSJ, behind a paywall, so I copy and paste - A key development that appeared to break the logjam in the negotiations was that Senate Republicans proposed that some healthcare funding be provided directly to households rather than be used to ...

Entire Treasury Yield Curve from 3 Months to 30 Years Has Risen since Fed’s Rate Cut, Bond...

They make it sound like refunds would be so complicated. There is this thing called bookkeeping software. Everything is recorded by both the business and Treasury. Wanna know how much has been paid pursuant to some tax? Just access the report. In ...

What happens if the Supreme Court strikes down Trump’s tariffs?

The exuberance that seems to happen nearly every day in one form or another, whether it be excited pronouncements by Trump like this one, or the trillion-dollar man, or new highs (well, not for a few days now), Trump Disciple Syndrome, and so on... ...

Trump: A dividend of at least $2000 a person (not including high income people!) will be paid...

We are often told in no uncertain terms that the US is the richest country blah blah blah. That is a very poor measure of whatever you are wishing to advertise. According to the United States Census Bureau, the US has a Gini coefficient of about ...

Supreme Court lets Trump pause full SNAP payments for now

I find the situation incongruous in that he is putting out that he cares deeply for the rights of farmers in a remote country but at home his farmer base may be heard sharpening their pitchforks. Must be a little bit careful with virtue signalling ...

Trump says no U.S. government official will attend the G20 summit in South Africa