A couple of
days ago I read Karl Denninger’s “Trump Has Done -- And Will Do -- It All”
Read full
text: https://market-ticker.org/akcs-www?post=253075
KD’s
summary conclusion: And by
late spring 2026 what in the fall and winter of 2025 look like the absolute pit
of irrevocable despair you'll see green shoots -- real ones, not those fed with
hyperactive doses of fertilizer that are going to burn the roots. Next
spring, early, will be the time to buy assets at prices half or
less than you can get them today, with many, particularly in
commercial RE and machinery at 70+% discounts from today's prices.
The GOP wins in a landslide in 2026 as
real incomes, measured in hours worked for a gallon of gasoline, a week of
food, a new vehicle, a month's rent, a removed appendix and similar will all
go down for hours worked in the United States with the largest
gains, as much as 30-40%, in the strata of those making less than $100,000/yr.
After I read
it all, including the comments…..and was reminded it was April Fools Day! Ouch!
Yet today - He
Wasn't Kidding – by KD
Of course there's a fly in the coffee -- which
you just swallowed.
The Senate amendment includes raising the debt
ceiling in the key budget process by no more than $5 trillion.
But I thought we were told that DOGE
and the "External Revenue Service" were going to balance the
budget? If so, why is there a need for more borrowing
authority? Is someone -- or are a lot of people in the Trump
Administration -- lying?
Read full
text:
https://market-ticker.org/akcs-www?post=253086
I can't find a single thing to
disagree with in that order -- except that the schedule Trump
was waving around was 50% of the tariffs the other nations put on
us rather than 100% in many cases. If that's a "ok guys,
its exactly half, drop yours or it goes to all of it" -- or even if all
Trump did was compute on the trade imbalance rather than go
line-by-line and item-by-item then that's ok. I'll defer judgment on
this.
Further, we
need a US content law for critical items -- particularly
pharmaceuticals. That requires Congress; yes, Trump could invoke the DPA
(and legitimately so too) but this has to be a durable change as it
involves people building plants with material requirements on time thus
an E/O is not only the wrong way to address this it could be quite
counter-productive.
Now manufacturers of various things sold into the
United States have a tough choice to make -- do they take the bet that this is
a transient event and at worst goes away in 3-1/2 years, or
do they bring the jobs and production back here to the US?
The second is of course what Trump wants and
what we should all want.
Why?
Because it compresses the arms of the
"K" in the economy. That is the common person here in
America wins because he or she is the one putting together cars,
performing mining and manufacturing instead of someone in a sweatshop
making $5/day overseas.
This act by Trump today is a good thing.
A very good thing.
A little
perspective - Vox Day, who has argued for tariffs for a long time, also said: “And, as with all things Trump, wait
two weeks before attempting to analyze anything.”
But consider
what might be in store – when you read KD’s April 1 article, here’s what’s
next: Immigration, Medical Mafia, Energy, Housing… just for starters. You
really should read it all - WHY?
Consider –
in order for MAGA to become REALITY – America and President Trump have to get
serious – NOW! There will be no second chance – this is it. It is truly ironic –
what Denninger laid out – and he has been doing it for weeks or months now – is
what is necessary to restore our country as a whole. Piecemeal is DEAD!
And it all
might have come together as an April Fool Joke!
