Yup. And it is not unreasonable to predict that other countries will stop investing in United States bonds and equities and/or the US dollar once they realize Trump sits on his shitter at night and decides what all the job and inflation numbers will be. The combination of constantly threatening J Pow - and now essentially trying to create a path to falsify economic data that the Fed will utilize to govern US financial policy, I’m pretty sure the money people in other countries who of necessity must have accurate empirical data in order to form their own competent financial policy will go…
Eventually, investing in the United States with Trump as president (with a bunch of people acting as guard rails, preventing him from doing his stupid, worst instincts) will now be analyzed as investing in an unstable country with an unstable president who pulls tariff numbers out of his ass, has no idea how trade networks work, and more importantly who has no guard rails from continuing his five-year-old petulant child, who is dumber than shit demanding that everything goes his way.
I had dinner with my ex longtime law partner Friday - and after I finished bitching about everybody seeming to bend the knee to that dip shit - she reminded me that as POTUS he is the most powerful individual in the world, coupled with a childish, vindictive personality and a substandard intelligence. She said we were living in the twilight zone episode, “ it’s a good life”. Billy Mummy played a six-year-old kid with psychic powers who had either destroyed the world, or moved his small town someplace else in the universe. He had unlimited powers and could read minds, and everybody had to 100% toady to the six year-old - or he would cause them unimaginable harm. Why? Because he was incredibly powerful. Worse, he was immature, cruel, had zero empathy for other people, insisted on always being right, and would punish or destroy anyone who did not disagree with his every whim or opinion.
Fuck!! She is right. A perfect analogy.