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Aja's avatar

What the judges did today frankly neutered trade negotiations. I think Trump lost all leverage. I appreciate your 4D political thoughts, Chris . Making chicken salad out of chicken shit is not a feature of Chef Trump.

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Allan Richard Wasem's avatar

But I believe that the "Supremes" immediately put a "Hold" on that decision.

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DE's avatar

And that from a true connoisseur.

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HardcoreVeritas's avatar

Check the bond rates. They should have never stolen Russia's dollar reserves. They drove the final nail in the dollar coffin with that move.

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nickbart's avatar

Don’t want an out. Don’t care that the NASDAQ shoots back up if tariffs are over. Reject the judiciary that is stopping every move he makes that he was elected to do. Bring back the tariffs and pain until we get back to reality. It won’t be pretty but thats the punishment for living in fairyland for so long with easy money. The stock market isn’t the economy, it's fake-GDP-money printing-companies that give awful services and cheap flimsy products that want global Zimbabwe. This is a country, not an economic zone. Tariff everything until ovens and refrigerators and cars last longer than 2 years.

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Randy's avatar

“The federal government will lose the tariff revenue. But Trump still has time to make that up with spending cuts”

Spending cuts? ROFLMAO. This is the guy who added $8 trillion to the deficit during his first term and is cheerleading the Big Bloated Bill that the GAO says will add another $3.8 to $5.2 trillion to the deficit — and that’s just for his FIRST budget! There are 3 more Trump budgets coming during his second term.

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Creighton's avatar

Great read, Chris - as always

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HardcoreVeritas's avatar

The man is a ignorant clown.......on his best day. It is a blight on this country that he sits in the oval office.......and please don't bore me with some shit about how bad Biden was. Biden was a crooked old man politician with dementia. Trump is evil as hell, and knows exactly what he is doing in his role of destroying what is left of this country.

I never cease to be amazed at the common sheeple that believe Chump is just sitting around thinking about what he can do to help the people of the US. They have bought into that MAGA bullshit, hook, line, and sinker.

It's only been around 120 days, there is already a massive amount of Chump fatigue......and he has clearly demonstrated he is a shameless, narcissistic psychopath. Give him another hundred days and he is going to be walking around with a fkg crown on his head, expecting people to bow in his presence.

The tariffs are just one act in the shit show that has three and a half more years of run time. I said all along that the tariffs served one main purpose.....higher prices. As soon as the tariffs were announced, prices started going up on products AND services across the board. Then tariffs were being "reduced" or postponed left and right. Did the prices come down? Will the prices come down? Not just no, but hell no.

Know THIS fact.....and know "the writing is on the wall" and "right around the corner." Trump is trying to keep up appearances while managing the bankruptcy of America.

“For the first time ever, China’s CIPS (Cross-Border Interbank Payment System) surpassed SWIFT in single-day transaction volume. A red banner flashed across Bank of China’s HQ at 1:30AM on April 16, 2025.

CIPS processed a jaw-dropping ¥12.8 trillion RMB in just one day—roughly $1.76 trillion USD. That volume, if verified, overtakes the greenback-dominated SWIFT system in sheer daily cross-border throughput.

No fireworks, no Western headlines. Just one quiet early morning in Beijing where the dollar’s crown slipped. The world’s financial plumbing just got a reroute—through China.”

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The Radical Individualist's avatar

If only we could go back to the Biden presidency, and 20% inflation. And Ukraine. And pipeline destruction. And lawfare. And legalized bigotry. And COVID hysteria.

Those were the good old days.

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HardcoreVeritas's avatar

Because you think inflation ended or is not still rising?......because they quit talking about it?......just because you believe it to be so does not make it so.

The inflation hit because Chump shelled out $7.5 trillion dollars in 4 years......most of it in his last year keeping the economy on life support while everyone sat in fear at home.

Biden was a continuation of 2020.

I am never going to be in the camp of the hysterical that said, "Anything other than Biden or Kamala is a GOOD thing.

We can revisit. Chump is just getting started.

Ukraine? You mean like when Chump send a few hundred million to Ukraine back in 2019? Reinforcing the shit that was started under Obama. Just like he is still funding it today. He is decrying the "killing" but he keeps sending that money and bombs/drones so the Ukrainians can keep acting like they haven't had their asses stomped. He's a hypocritical jackass.

Covid hysteria? Did you forget that the coronahoax broke out in 2020 along with the billions paid to "warpspeed" that shitty vaccine?

Pipeline? Did you see what happened to the price of natural gas.....around the world......after the NS2 was blown up? Does anyone miss NS2?

Can your man stand on his own, or does he need Biden to make himself look good?

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Leskunque Lepew's avatar

Getting nostalgic?

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PG's avatar

Bold statements. What, in your vivid imagination, is Trump's motive for destroying his country? Have you thought it through that far?

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HardcoreVeritas's avatar

Motive? He doesn't see it as a motive like say, Lex Luthor.

He is continuing what has been done for the last 60 years. He is continuing what has gotten us to this point of collapse.......and enriching himself, his family, and friends in the process.

If Biden had of done the things Chump is doing in crypto and building personal business real estate projects in countries where he is also doing billions in US business, the right would be screaming and thrashing about the corruption and collusion.

He is pandering to the oligarchs, Israel, and financial power in this country. The same power that has stripped us to the point where we are today.

And worst of all, he is lying his ass off and not preparing the American people for what is coming. He is like the captain of a sinking ship telling all the passengers that everything will be fine, we are going to fix this, we will be even better than before; lulling them into a false sense of complacency, as he plunders the office like a whore, all the while knowing what's coming.

When a captain does that, he is irresponsible as hell, and should be held liable for the deaths he causes.

Behind the scenes his is doing everything he can to insulate and save his personal interest and family from the coming collapse. He will be sure he and they have their life boats in order.

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Steve S's avatar

Your rantings are hilarious HV, I've enjoyed the back and forth. Since you dislike Biden, and Trump, I'm wondering if you voted in 2024. If so, did Jill Stein get your vote? The Sheeple had a choice between a babbling Harris and Trump, who had weathered various lawfare attempts to erase him and survived assassination attempts meant to more permanently erase him. Do you regret Harris not winning? Think she would have made a better President. Or do you just like to tear down leaders from the safety of your keyboard? As the idiot tucker carlson would say, "Just asking the question."

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HardcoreVeritas's avatar

No, I did not vote in 2024.....and will never vote again. The system is in complete systemic failure.....financially and politically.

No matter who is at the helm of the Titanic, nothing meaningful changes.

From the safety of my keyboard? You think I would be afraid of Donald Trump, face to face? As I was growing up, Chump was the tabloid markets favorite cover boy. There are men that impress me. Once you have met or read about a real man, with character, integrity, and principle, it is impossible to be impressed by wannabees like Chump.

Do we really imagine that Donald Trump and Kamala Harris were the "best" two candidates we could find to "run the country"? They were forced upon us. We no longer have any real choice.

When all they are serving from the kitchen is a horse shit sandwich and cow shit stew, it's time to go looking somewhere else for supper.

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Steve S's avatar

Appreciate the response and your honesty. I voted for Trump, but understand why you would choose not to vote. In 2016 I wrote in a candidate who had no chance of winning, but couldn't bring myself to vote for Hillary or for Trump. Despite massive Democrat and deep state attempts to detail his presidency via BS investigations and impeachments, I was impressed with how well Trump #1 held out. I realize you can't stand Trumps #1 and #2, but for me the jury is still out on Trump #2. Don't know how anybody can deny how impressive it was when Trump got shot in Pennsylvania and with blood streaming down his face, and the shooter not yet confirmed down, Trump rose up with fist clenched and said "Fight, fight, fight."

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Rick Ludowese's avatar

Perhaps personal and family enrichment, along with his wealth friends? Although I wouldn't go so far to say he wants to literally destroy the country. But he doesn't mind some collateral damage.

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erik bjorseth's avatar

When was the last time we had a president that was not a clown? Regan?

Our country has been a corrupt deep state for 100 years now. Maybe longer - but I have not studied much before WW2. But WW2 was when we became a world power.

Yes, Trump panicked in 2020 and dropped a helicopter of money on the economy - but it was not just him. Started back in 2008 - 40% of all M2 supply has developed in the past 15 years.

you have a hard on for DJT - but where is your hate for Obama and Bush and Clinton? The one thing i will give credit to DJT - he is not a career politician (although a shady real estate guy) and I trust him more than any president since 1988.

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HardcoreVeritas's avatar

Your need to constantly, incessantly compare "your man" to the losers of the past is a pathetic, weakass attempt to sooth your conscience into thinking Chump is going to "save us."

And our country HAS NOT been a corrupt deep state for 100 years now. That shit started its real takeover with the fkg traitor Bush after the 9/11 bullshit. I lived before 2001 as an adult......and I fkg know the difference. Our country today is NOTHING like it was pre-9/11.

I'd love for you to tell that narcissistic sob that he "panicked" in 2020, and see his reaction.

"It started" back with Bush as he doubled the national debt from $5 trillion to $10 trillion in his 8 years.

Go back and see what Chump had to say about Bitcon and crypto back in 2016-2020. Go back and see what he said about Hillary taking money from Qatar, the UAE, and SA. After describing them as some of the worst people on the planet, he said "she should give the money back." The way he talked about Marco Rubio, but then makes him Secretary of State? The way JD Vance bragged about being a "never Trumper," but Chump makes him his VP?

The 5 bankruptcies......that he brags about.......the scam after scam......the Trump University bullshit........and he issues a meme coin?.......the 21st century snake oil scam meme coin industry......being played by the POTUS.......and you trust him?.....at all?

You are a naive sheeple. You are a perfect example of how we got in this condition. When George Bush signed the "Patriot Act" and NDAA into law after being passed by Congress.......we should have marched on them and threw all their asses in prison and started over. If America wasn't dead before that, then it died on that day.

Chump is a result and continuation of "that day."

Talking about past presidents.....trying to make the current one look good.....is for fools.

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DE's avatar

You never heard of LBJ?

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erik bjorseth's avatar

You are a very unstable person that needs to seek help.

Go back to the 1930's the Dulles Brothers were working both sides of the war - were sneaking Nazi's out of Germany to rebuild Germany after the war. Then built the CIA, MKULTRA, killed JFK - ect. The country has been run by dirty people for 100 + years.

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HardcoreVeritas's avatar

Back then, 90% of the country had no idea what was going on in the belly of the beast because it didn't touch or affect their daily lives.

Today, 90% of the country is affected by the corruption......as the corruptors have devised ways to put us in their gulag and squeeze us a little more.

Again, I don't need a history lesson from you. The world has been corrupt since the garden and Cain killed his own brother over jealousy and envy.

In my lifetime, the corruption has never been so open and blatant......and JUSTIFIED! by the sheeple......as it is with this Tangerine Mussolini.

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DE's avatar

You misunderstood Deming.

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Randy's avatar

“i will give credit to DJT - he is not a career politician”

No, he is not a career politician, but he is a life-long New York Democrat who magically became a “Republican” during an escalator ride in 2015. Is it any surprise that he’s reverting to his historical penchant for authoritarian central planning and out-of-control spending? Serial debt and bankruptcies are his M.O.

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HardcoreVeritas's avatar

He is and always has been a big government, socialist democrat.

"Magically became a Republican".......exactly.

Obama claimed to be a liberal and was a liberal......Biden claimed to be a liberal democrat and was a liberal democrat. Chump claims to be a conservative republican and IS a liberal, socialist democrat.

Because of that lying, deceptive hypocrisy......Chump is the worst of the three.

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DE's avatar

Wrong again.

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Leskunque Lepew's avatar

Obviously, you're fatigued.

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HardcoreVeritas's avatar

"Fatigued"? "I can do this all day."

Add something of substance to the debate and let's see how you hold up.

It is unbelievable to me that I now live in a country where the "normal" way of thinking is like that of a child telling his mama, "Biden did it too!"

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PETER GUDER's avatar

The ONLY cure for metastatic TDS is one's eventual death.

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HardcoreVeritas's avatar

What's the cure for having your head so far up Trump's ass you don't know which way is up?

Do I have a major problem with career liars, thieves, and charlatans? You damn right I do.....and proud of the fact that I can still see the difference.

Anytime you want to contribute some facts.......as I have done......to make your case, I welcome them. Otherwise continue living in the hopes that Chump doesn't make any sharp turns.

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DE's avatar

You have government-funded talking points, fed. Do you know how facts differ?

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HardcoreVeritas's avatar

Don't waste time with accusations that aren't supported by evidence.

If you think I am a government shill.......one, you are as dumb as a sack of hammers....... two you need to state specifically my government "talking points"........and three....LMAO.....what "government" do you suppose is "funding" me?

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Randy's avatar

Just like Democrats calling everyone they don’t like “racist,” mindless MAGAbots say that everyone without their nose up Trump’s butt has “TDS.” Trump toadies constantly squawking “TDS” is as tiring as Dems constantly squawking “racist.”

A growing portion of independent thinkers actually have “TRS” — Trump Reality Syndrome. Unfazed by his narcissism and bloviating, we see Trump as he really is. Of course, that is completely baffling those like yourself with “TFS” — Trump Fangirl Syndrome.

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PETER GUDER's avatar

Perhaps Gold's true worth will be realized when all fiat currencies assume their real value by becoming nearly worthless to it relative to the present. I am so sick of waiting for that light in the tunnel to arrive as a high speed train . . . . . the sooner it is gotten over with, the better.

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HardcoreVeritas's avatar

They'll outlaw it again. It is the digital gulag for everyone......rolling like a "high speed train."

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DE's avatar

And high on cocaine. You go fed.

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Medical Auteur's avatar

Interesting analysis. It might indeed be a blessing in disguise. But why did you have to ruin it with this statement..."But Trump still has time to make that up with spending cuts"?.......Between Trump and his Golden Shower missile defense plan and a drunk Republican House and Senate, suggestions of spending cuts border on the delusional.

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PETER GUDER's avatar

Hope springs eternal - it beats wrist-slitting.

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Petty Rage Machine's avatar

Zero percent chance he does this. It isn’t even in his hands. There are about 5000 groups that will quite literally fuck the world if such a thing passes and does so in this manner. It basically means courts become the absolute arbiter of executive power. More so than any of the previous rulings. If Trump wanted an out there are dozens of ways he could get them. Hell, it’s Trump. He could just fire Lutnick and the Nasdaq would rise 5%.

This is not the way. Enjoy the VIX.

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erik bjorseth's avatar

Not sure if Trump is going to let it slide - he will keep fighting w/o pivoting. Too stubborn.

Listened to Ron Johnson on Tucker last night. The budget is not going to pass the Senate (which I feel is a good thing) without more spending cuts. He wants to go through each line item and cut the waste (another good thing).

For the 1000th time - we do not have a revenue or tax rate issue - it's been a spending problem for 30 years now.

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HardcoreVeritas's avatar

Yeah, it's a biotch when you can't slow the spending.......because the entire economy depends on the government gushing more dollars into the system.

The debt exceeds anything economy can every hope to grow into. You can't grow the economy anywhere close to being able to carry that weight.

So raising revenue is the easy side of the equation.......until the sheeple realize what is happening to them and cry out in pain. That's why he has to make it look like he is "punishing Chyna!".......Why he got pissed at Amazon for posting the tariff charges and at Walmart for telling the consumer they were getting the shaft.

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Tankster's avatar

TACO world, baby. He had an historic chance to accomplish a number of things. Ukraine. Trade talks. Deficits. Iran as epicenter of Islamist terror. All bluster and a Unitary Executive, while ass kissers in Congress cower before him, in fear of crossing him. Call your wife a dog? Instead of challenging him to a duel, you lick his ass. You only have so much credibility and if you act like a petulant child, bully, ignoramus, and associate yourself with an idiot savant who helped buy the presidency, and then proceeds to tear the wires out of the (admittedly bloated) regulatory state willy-nilly without regard for fallout, you get to where he is. Congress, grow a spine (spines?). TACO. Putin knows it, Bibi, Macron and the EU, Xi, everyone knows it. He's wrecked the Christmas buying system, and that shoe will fall in due time. Had he taken a measured course, measuring twice and cutting once, maybe he could have succeeded. Instead, he runs the country the way he ran his businesses. Wait for default on the $45 trillion, just like his bankruptcies. His response? You fucked up. You trusted me, Flubber.

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HardcoreVeritas's avatar

"You only have so much credibility and if you act like a petulant child, bully, ignoramus, and associate yourself with an idiot savant who helped buy the presidency,......."

100%

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ScottyG's avatar

“spending cuts”?!? As Confucius said, “you a funny man.”

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PETER GUDER's avatar

I will never rule out the possibility that DJT will have an idea that others never thought of, or were too chickenshit to attempt if they did, but he's not. He has a quarter tank of gas, half a pack of smokes, it's midnight, and he's wearing sunglasses - the Real-Life Blues Brother, it's insane.

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PETER GUDER's avatar

"If tariffs are scaled back or nullified for good, markets will surge way more than they are doing tonight . . . . Take that cloud away, and suddenly equities have room to breathe—possibly even break new records."

We don't need more Batshit-Insanely over-inflated equity indexes pumped fat to bursting with funny money - you allude to the possibility of "more of the same, to infinity . . . . and beyond!". This cannot and will not continue.

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Mark Heywood's avatar

Yes, yes, Trump's tariffs were always leverage and never meant to be permanent. Soon the battle will be getting the Fed to lower interest rates to help service the debt and the housing market. He has the advantage of not having to try to get re elected and can throw his weight around.

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Mike's avatar

I am somewhat confused by your conclusions Chris. I believe you still think the PEs are way overvalued in an overbought market so what difference do new highs mean if your base case is bear market intermediate term? I believe your belief in Trump is clouding your view of what is happening. Maybe I am wrong but 2 years ago you would never have seen things this way. Don’t be zero hedge and all of a sudden see greatness where before you saw grift. I agree tariffs were a short term negotiating strategy but using the courts as an excuse is weak. I still see the world economy in a silent depression with depression era economics as we move to a developing country economy. The Eurodollar market signals dollar shortage and the real reason for any inflation slow down or possible disinflation is recession, not the current policy of the day. A little disappointed in your seeming to cheerlead for the current group of people that hate all of us. Remember it’s a small group and we ain’t in it.

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