The Frankish Reich

Bessent was freaking out, coming out every morning to try to sell calm while the financial world around him was descending into chaos.

Of course, this arrest report supports the theory that this was Rittenhouse-style "self-defense."

^^Even more QAnon'd than we thought. Time to start sucking Trump butt again, Bill Ackman. Right on cue.

The real story: Treasury market chaos was coming. https://www.bloomberg.com/news/articles/2025-04-08/treasury-yield-surge-stokes-fear-of-next-big-basis-trade-unwind?embedded-checkout=true

That's why it is best described as a cult. Now we get the old chestnut "he's crazy like a fox." This was capitulation; all his rich guy supporters were freaking out, and with good reason.

You can't pull off the same bluff twice. The called him on his bs.

@JDHillFan is kind of the Human (?) Wayback Machine. You can expect this everytime current events indicate that a braindead president somehow managed things better than a clinically insane control freak.

Here's what the non-retarrdo (to borrow a phrase from the world's smarter man) right has to say: https://www.ft.com/content/e4c937a8-209c-449d-b7c0-82811e5c151b Has America discovered its ‘moron risk premium’? Bond bombshell

Balls like steel. They called his bluff.

Exactly. Krugman gives a good explanation of what the bond markets portend. Hint: it ain't good. https://paulkrugman.substack.com/p/the-cost-of-chaos-this-is-getting Right now (personal experience): we're seeing the chaos in bond markets reflected in a loss of liquidity. Bid/Ask spreads are getting larger. One thing you never, ever, ever want to happen is for the US Treasury market to seize up

Wonky, but the analysis is solid: https://paulkrugman.substack.com/p/the-cost-of-chaos-this-is-getting I don't understand the idea of pushing the world toward recession/depression, but then again I am not a MAGAite hell-bent on on a return to the early 1900s.

Agreed. I've been saying that. Wait till we have someone analyze big trades ahead of the various Trump Admin noises, like the one that cause "Mount Hassett" in the intraday graph on Monday. At this point, it's Wait For The Polls as our best chance for restoring temporary sanity.

Probably a good thing that we've now reached Reciprocal Insanity. This is obviously not sustainable, so it will not continue.

Peter Retarrdo will lose the battle with Elon.

Well, he did end the war in Ukraine in 24 hours…

Got that? Not disloyal to America. Not violated his oath to defend the constitution. No. Disloyal to TRUMP. They are not Trump's personal attorneys.

Every case is different. Daniel Penny: yes, I defended him Rittenhouse: I thought it was unjustified in general, but under the law not a crazy verdict Trayvon Martin shooter (forgot his name): same, under Florida law, probably justified

Actually, if you weren't watching in real time, it was an up and down day. Wild swings as investors tried to read the tea leaves. Good luck with the cataract surgery. Worked great for my mom, who still passes DL vision tests easily even though I'd rather she didn't drive at all ...

Umm, the Dow closed down 0.91%

War Criminal, meet Common Criminal.

Welfare Queen!

I can't really understand what you're trying to say. But if it's that Born in the USA was meant as an indictment of America's treatment of Vietnam vets, well, yeah ... that was pretty obvious from the start. It wasn't about birthright citizenship.

Waiting for my next Report from Cheektowaga. Tops still has toilet paper? Stick to your beat.

26% tariff rate on India. And Indiana is still not competitive. Fail.