Chalk up a Supreme Court victory for Trump on Venezuelan Migrants. But legal issues remain. The Wall Street Journal reports Supreme Court Allows Trump to Strip Legal Status From Venezuelan Migrants The Supreme Court allowed the Trump administration to strip temporary legal protections from thousands of Venezuelans living in the U.S. for now, in a win […]
GM once supported California’s 2035 EV target. It wisely has second thoughts. Sanity Prevails In 2022, California Governor Gavin Newsom approved regulations banning the sale of new gasoline-powered cars and trucks by 2035. GM foolishly supported the idea. I am pleased to report that sanity has prevailed. The Wall Street Journal reports GM Is Pushing Hard […]
Relative to each other, they can’t. But relative to something else, they easily can. A reader asked me to comment on a video by Brent Johnson, CEO of Santiago Capital. Chinese Yuan Devaluation – What you Need to Know My reader thought Brent and I were in disagreement. But I agree with nearly all of […]
Credit Trump for the irony of the year in a pair of comments on Truth Social. Comments of the Day Irony of the Year CLOSED MARKETS DON’T WORK ANYMORE!!! No one has tried harder than Trump to make the US an island. He wants production here, massive tariffs to stop imports, tariffs to balance the […]
Trump worked out a deal with the UK, a US trade surplus country. One Down, 199 to Go We have the first deal (with details to be worked out later). Please note Trump Announces “Breakthrough Trade Agreement” with U.K. Speaking from the Oval Office, Mr. Trump said a “breakthrough” deal with the U.K. would include “billions […]
Republicans, including Trump, won’t fix anything if it costs votes. Ass Backward Logic from the Wall Street Journal Check out the opening gambit in the WSJ article on The Politics of Medicaid Reform If Republicans are too timid, costs will expand and Democrats will benefit at the ballot box. Congress has an opportunity to reform Medicaid, the […]
In a rare, unified message, auto groups warn Trump about tariffs. CNBC reports Auto groups lobby Trump administration against parts tariffs Yahoo!News reports Auto industry tells Trump that tariffs on car parts will mean ‘layoffs and bankruptcy’ “Tariffs on auto parts will scramble the global automotive supply chain and set off a domino effect that will lead […]
Trump swipes at Powell, dollar sinks, gold soars. Truth Social Rip Truth Social Link: “Preemptive Cuts” in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually No Inflation. With these costs trending so nicely […]
Two more tariff announcements, one on port fees, the other on China isolation were added and removed. Trump Worried About Trade With China Stalling On April 17, Bloomberg reported Trump Says He Is Reluctant to Keep Raising Tariffs on China President Donald Trump said he was reluctant to continue ratcheting up tariffs on China because it could stall […]
Treasury Secretary Bessent is a bad liar. Clowns portray it as 5D chess. Lie of the Day and Hoot of the Day Bessent: “This was driven by the President’s strategy. He and I had a long talk on Sunday and this was his strategy all along. And you might even say that he goaded China […]