@pineconemacro
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Nerd at Pinecone Macro Research
Fox Island, WA
Joined October 2016
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WSJ: The deficit doesn't rank high among Trump's priorities, if it registers at all, advisers said. These people say his main preoccupation has been Fed rate cuts, which he saw as a shortcut to shrinking the government's interest bill.
wsj.com/economy/trump-economβ¦
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The greatest political ad in the history of political ads. Nothing comes close.
Putting Tim Robinson, in the hot dog skit, into any ad, is genius.
At every turn in both parties it is just the dumbest policy prescriptions that ignore root causes and treat symptoms with medicine full of awful side effects
Arbitrarily capping rates causes a loss of credit access for less worthy borrowers. Then you may say "we make them write the loans anyway" in which case you're arguing for even more govt subsidy in an already grossly overpriced college market.
This is economic illiteracy @RepLuna
They pivoted to βgrowing out of itβ pretty quick and that was after DOGE and tariff stimulus promises
In the early days of Trumpβs second term, his economic advisers laid out a simple theory: Show the bond market that Washington was serious about closing its gaping deficits and long-term interest rates would fall on their own. Trump could leave the Fed alone.
It hasnβt worked out that way.
The White House theory rested on fiscal restraint that never arrived and overlooked how much of Trumpβs own agenda would feed the price pressures now pushing rates higher. Tariffs raised the cost of imported goods. The war with Iran sent oil and diesel prices soaring. wsj.com/economy/trump-economβ¦
Good point and I should have used prime age instead of total which is off the highs and below dotcom and pre Covid highs but much much better than non boomer adjusted numbers.
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The lowest payroll in baseball. Division champs once again. LFG! Ya love to see it! #GuardsBall
Congress be likeβ¦how bout we throw some more deficit at the problem. These are not serious people.
For millions of young people across America, homeownership seems further out of reach than ever before.
Here's my proposal: we can help restore the dream of homeownership with a 5 to 1 federal match for first-time homebuyers saving for a downpayment.
merkley.senate.gov/merkley-pβ¦
*Again
πΊπΈπ¨π³ Trump-Xi Summit Goes Big on Pomp But Small on Substance - Bloomberg
bloomberg.com/news/articles/β¦
Thanks Hoss
Keeping your fridge and freezer closed is the best way to keep food fresh for as long as possible. - @nbcselected nbcnews.com/select/shopping/β¦
