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Schultz commented Sep 4, 2025Find yourself a name and I might respond.
Trump asks Supreme Court to save his emergency tariffs
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Schultz commented Sep 4, 2025It appears that Clinton was quite the economic reformer. I knew he favoured and achieved fiscal surpluses. Opposite of Trump in so many respects of substance. Way off topic, but it is illuminating. Read it and weep, MAGA. Heaps more from the link, I ...
Trump asks Supreme Court to save his emergency tariffs
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Schultz commented Sep 4, 2025That is the only reference that addresses that. I found a brief history of tariffs from Kennedy to Trump. It lists a few attempts by some Presidents to impose tariffs on some quite specific products like steel, solar panels and tires. Details are ...
Trump asks Supreme Court to save his emergency tariffs
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Schultz commented Sep 4, 2025Trump’s critics note that the last president to raise tariffs under similar circumstances was Richard Nixon, and Congress later pared back the president’s power. So what was someone saying on another thread yesterday that a few recent Presidents had ...
Trump asks Supreme Court to save his emergency tariffs
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Schultz commented Sep 3, 2025This guy speaks some common sense I reckon. Tackle inflation. Labour market - hmm, soft, could be better, but really, nothing much to see. Anyway, monetary policy is very poor at this area and there are much better/precise levers for that like ...
Fed's Kashkari: Inflation is still too high but labor market showing signs of cooling
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Schultz commented Sep 3, 2025Could be done by making it criminal to manufacture say dill pickles. Then they'd have to be imported from India. Bad example. Name something that America is good at making, and then that. The US could nationalise private companies and then direct ...
Trump: Possible someday tariffs replace income tax
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Schultz commented Sep 3, 2025There. I made a paragraph. I guess that there are some things in this world that I shall never understand. Like, what exactly what propaganda have you been absorbing?
Trump says US might have to unwind trade deals with EU, others if it loses tariff case
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Schultz commented Sep 3, 2025I can't see that there has been any detriment to the US should the deals be struck out. Exactly what did the US provide by way of consideration to Japan etc for signing any deal? From what I can gather it's been a very much one-way street. Japan ...
Trump says US might have to unwind trade deals with EU, others if it loses tariff case
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Schultz commented Sep 3, 2025Yeah look it's all really cool man. It's quite normal, don't let anyone tell you otherwise. I once kept talking on the phone when the other person had hung up. The important bit was that nobody else in the room with me knew. Phew. Oh, wait..
Trump says US might have to unwind trade deals with EU, others if it loses tariff case
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Schultz commented Sep 3, 2025Yeah. Imports would approach zero. At least there would be no threat of inflation from tariffs. That's something.
Trump: Possible someday tariffs replace income tax
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Schultz commented Sep 3, 2025Whilst on a flight, an ex-Australian Prime Minister famously crunched the numbers for creating a national broadband internet service on the back of an envelope, literally. It may be a popular myth, but one that is accepted as truth. There are no ...
Trump: Possible someday tariffs replace income tax
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Schultz commented Sep 3, 2025I was being ridiculous. Impose 80% tariffs would nearly double the price of imports. Demand for imports would fall off a cliff. There is no way 2.4 trillion could be raised by tariifs. Ever.
Trump: Possible someday tariffs replace income tax
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Schultz commented Sep 3, 2025Let's do some maths in broad numbers, back of the envelope stuff. US Treasury revenues from income tax is about 2.4 trillion a year. Total US imports about 3 trillion a year. Let's assume that imports remain the same whatever tariffs are imposed. 3 ...
Trump: Possible someday tariffs replace income tax
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Schultz commented Sep 3, 2025What is with the aggression?
US 30-Year Treasury Yield Reaches 5% For The First Time Since July 18
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Schultz commented Sep 3, 2025If Stephen Miran had his way a whole bunch of bonds (of short maturities) would be converted by decree to 100 year maturities. (Amongst other some other pretty interesting stuff, like selling all the federal gold reserves, shh). It's a 42 page pdf. ...
US 30-Year Treasury Yield Reaches 5% For The First Time Since July 18
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Schultz commented Sep 3, 2025That makes no sense. Less than no sense, actually, because it only serves to confuse. It explains nothing about any possible difference between the concept of a yield and the rate of interest in the context of a 30 year bond.
UK 30-year yield climbs to 5.66%, highest since 1998 - BBG
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Schultz commented Sep 3, 2025There's a difference? We must have gone to different schools. If I said bond price, that might be confusing to someone, but still, it would be equivalent if the coupon and exact maturity date were known. I dunno why FF doesn't moderate. It is ...
UK 30-year yield climbs to 5.66%, highest since 1998 - BBG