The tariffs instituted by the “Orange Bad Man” administration on “Liberation Day” is now the “stuff of legends.” The tariffs, based on “quack science,” nearly collapsed the entire financial edifice of empire. “Orange Bad Man” was forced to announce a three-month pause, claiming that the strategy was the “Art of the Deal.” Aside from deflating the stock market “bubble,” the “Art of the Deal” nearly caused the destruction of the entire bond market. Details are all over the Net, so no rehashing required here.
The so-called “pause” caused a recovery surge in the stock market, but that was short-lived. The bond market never recovered. In addition, investors finally realized that the tariff war with China was still in effect and escalating. In a few days, most of the current pre-tariff inventory in Walmart®, Target®, Amazon® et al. will be depleted. New inventory will include a tariff-related surcharge (read: stiff price increase). Has anyone realized that yet?
Lots of fools are laughing, slappin’ their knees, and claiming that “Orange Bad Man” has put an end to the proliferation of “cheap Chinese junk.” Yeah, okay. Perhaps the time is ripe to inspect all of the “stuff” in everyone’s possession and determine the origin of manufacture. Surprise! Surprise! Nearly everything is made in China, most of which are not “junk.” Oh, there’s going to be a lot of lamentations at the Wailing Wall real soon. Baha! Ha! Ha! Haaa!
On a somber note, the probability of a direct confrontation with the Islamic Republic of Iran is now very high. “Orange Bad Man” needs a major diversion from his botched tariffs “clown show.” And, he has already “sold his soul” to the Zionists. There’s no turning back. The so-called “nuclear negotiations” are proceeding in Oman. The Iranians, much like the Russians, are polite and will listen to the ridiculous platitudes (and threats) from empire. However, they will not capitulate on sovereignty. So, expect the bombing to commence soon, with a surprise “clown show” ending.
Addendum: With about 20% exposure to bonds in the personal investment accounts, about $1,050 has accrued in daily “paper” losses since “Liberation Day.”
Miscellany: The illin’ event ended on Wednesday. Resting and sleep heart rates have returned to normal.

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