Tag: global economy

Wednesday’s Theme Music – Trump Circles

Ashland, Southern Oregon — Wednesday, April 29, 2026.

Sunshine and blue sky rule the valley with a 47 degree temperature and a high of 72 F possible this afternoon.

I read a Paul Krugman post this morning. In “The Oil Squeeze Tightens”, Krugman asks, “How long will it take before Trump accepts the reality that he doesn’t have the cards, that in the end his Iran venture will be resolved in a way that leaves Iran stronger and America weaker than before the war?”

Krugman concludes that Trump is clearly dissociating. I feel the same. Trump has become strangely quiet. Is it because of his health? I think it’s that failures are stacking for him. The usual tried and true schemes aren’t working.

Regardless of whether the assassination attempt at the WHCD last week was staged or real, Trump probably expected a bounce from that. He got none. It didn’t help his cause that he immediately pivoted to “Build the ballroom! Security!” It was such a non-sequitur that everyone immediately pounced on the flawed logic.

Trump expected his war with Iran to be over. Instead, more and more are suggesting the US lost that war. It’s at a stalemate, which aren’t good optics for what’s supposed to be a world superpower.

Prices are going up. I don’t think Trump cares about prices for oil, gas, and food, except as it affects his popularity. Nor does he care that he promised to lower them on day one. He lies about prices as much as he lies about losing the 2020 election. His lies are losing their power. Too many are experiencing the real impact of high prices.

Trump probably wants to attack another nation but with Iran going poorly, he’s probably being warned not to. Likewise, he probably wants to escalate on attacks on Iran but somebody with more sense is holding him back.

Meanwhile, summer travel is coming, the war goes on, and Trump’s popularity declines. Beyond all of that, the Epstein files still shadow everything Trump does.

Everything Trump is doing seems flaccid and limp. In his latest Operation Epic LOOK — SQUIRREL! effort, it’s announced his face and signature will be on passports. The usual rejection chorus rang out, but overall, the effort has fallen flat. It’s same old, same old, Trump wants to be idolized, the GOP is supporting it, but it does nothing for anyone but Trump.

Operation Epic LOOK — SQUIRREL! is in danger of becoming Operation Epic Dead Squirrel.

Today’s music in my morning mental music stream riffs off that trend. “Face to the Floor” by Chevelle contain these lines:

Well, caused by their own
And by default
Time to vamanos

Well course now the cracks
Should we intervene?

It brings a chortle out. The 2011 song is probably too alt metal for many but its heavy sound fits my morning mood.

May this Wednesday see you through to a brighter future.

Cheers

0

Wenzda’s Wandering Political Thoughts

Time Magazine offered us insights into how world leaders reacted to Trump’s tariffs.

Reading of some intelligent responses to what’s the madman in D.C. is doing was uplifting. The excerpt from Sweden had me head nodding.

Sweden’s Prime Minister Ulf Kristersson said in a Wednesday statement that Sweden is “well prepared for what’s happening now.” At the same time, he underscored: “We don’t want growing trade barriers. We don’t want a trade war. That would make our populations poorer and the world more dangerous in the long run.”

“Free enterprise and competition have laid the foundations of the West’s success. That’s why Americans can listen to music on Swedish Spotify and we Swedes can listen to the same music on our American iPhones,” Kristersson said.

Ulf Kristersson clearly gets it. He sees what the trade war and tariffs would do to the global economy and why that’s probably a bad idea.

Jealously bites me in the ass. Why can’t we have an intelligent and capable person like that leading us in the United States?

Yes, I know that this is a thumbnail sketch of Ulf Kristersson. He’s conservative. While he’s reasonable about tariffs, he might harbor strange, dark view about other matters. At least he seems to have principles. That’s more than I can say about conservatives bending their knee to Trump.

0

Frieda’s Wandering Political Thoughts

The Great Deflector blames ‘globalists’ for the market drops.

Later in the same press event, Trump again blamed globalists for the market downturn. “I think it’s globalists that see how rich our country’s going to be, and they don’t like it.“

What an absolute crock. Couldn’t be the old standard of people and institutions who invest in the stock market were protecting their profits and selling stocks, could it? Oh, no, he has to pull up some bullshit bogey man.

Then again, PINO Trusk isn’t a deep thinker. Not a sharp guy. Doesn’t understand the global network of finance, manufacturing, and supply chains at all. Nope. He prefers a stone-age ‘isolationist’ approach. Thinks that will ‘make America great again’.

Meanwhile, treating your friends like shit ends up with them getting pissed at you and treating you like shit.

Ontario cancels Starlink deal over US tariffs — Italy may follow due to US pullback from Europe

Ontario Premier Doug Ford said that he would cancel the $100 million deal the Canadian province signed with Starlink in response to Trump’s 25% tariff on Canadian goods. He’s also imposing a 25% tax on electricity exports, with New York, Michigan, and Minnesota being the most affected. CBC also reports that U.S.-based companies are banned from procurement contracts with the province.

X Threatens Our Democracy. Canada Should Ban It

Last year, as the U.S. government debated and then followed through on banning TikTok, Republican lawmakers advanced numerous arguments against allowing a hostile foreign power to control a significant medium of public discourse.

They said a social media application owned by someone who is close to an autocratic leader might be used as propaganda.

They said the amount of data harvested by the app from users’ phones could pose enormous security risks, providing information to the security services of a hostile power.

Of course, I might be in the minority in my concerns about PINO Trusk.

What Big-Business Leaders, Including Democrats, Say Privately About Trump

One Wall Street executive told me that Mr. Trump remains better than any of the alternatives. Another — citing Elon Musk’s government shake-up — said he likes what he sees so much, he now regrets voting for Ms. Harris.

It wasn’t just that this group resented Mr. Biden’s intrusive regulatory policies. They didn’t like diversity, equity and inclusion policies either — or anything they derisively described to me as “woke stuff.” Now executives and bankers alike (my circles tilt a bit toward Wall Street) are celebrating early signs of a reversal.

I’m not really astonished by claims that business leaders ‘favor’ PINO Trusk’s trash and burn approach. Stories are rising across the political spectrum about people who first cheer the Trusk Regime’s behavior. Then they’re personally affected, and the song they’re singing goes from praises to complaints. So, as PINO Trusk burns supply chains, declares tariffs (and reverses them), and alienates markets and customers outside of the US, we’ll see how they’re feeling in a few months. Sure, they’re wealthier; their wealth cradles their asses as we go through chaos and inflation.

Or, as Paul Krugman stated it, One thing that really struck me from Rattner’s piece — something I’ve heard from other sources — is that big businessmen think Elon Musk is doing a good job. I guess this is one of those cases where power and privilege make you blind to things that are obvious to everyone else.

After all this fucking around, I’m waiting to find out.

0

Munda’s Wandering Political Thoughts

Recently caught two Paul Krugman articles. I read one yesterday. This was the post where he shared his tale about why he left the New York Times.

His story illuminated a lot for me. As 2024 progressed and I read his opinions, I thought, what is wrong with Paul Krugman? He is so much less insightful and he seems to be leaning toward the NYT bothsiderism plague. I often found myself begin to read him and then close it because, meh. After he left the Times and began writing on his own, I discovered that he’d regained his sharpness. I’m so much happier to have him out of the NYT yoke and free to comment on the world again, especially the Trumpworld.

Times editors — who deny this — became heavy-handed about Mr. Krugman’s opinions and insights. They rewrote his column, forcing him to rewrite the rewrites. It all became so dumbed down that it wasn’t worth reading.

But he’s back, baby.

That’s a natural transition to Mr. Krugman’s column today: Trump Is Doing Exactly What He Said He Would. Who Could Have Predicted That?

When democracies die, big business and wealthy individuals often play a crucial role in their demise. They provide a would-be strongman with financial support; their control of or influence over news media ensures that he receives favorable coverage, while his opponents are trashed. They do this because they expect to be rewarded with policies that favor their interests and imagine that they will in effect be shareholders in the new autocracy.

What comes next is familiar to anyone who studies history (which the oligarchs don’t.) Eventually it becomes clear that they don’t own the dictator they’ve helped install; he owns them. Maybe they’ll like some of his policies, maybe they won’t, but in any case they’re not in control — and they soon learn that criticizing the big man isn’t just fruitless, it’s dangerous.

In the past this script has typically taken a few years to play out, but this is the internet age, so right now in America the process seems to be taking only a few weeks.

Yep, Paul Krugman nailed it. Trump forced the GOP to be remade in his own image as the Grand Ol’ Trump Party. He brought on billionaires who are interested in having power and money. So guess what, GOP stalwarts? You guys aren’t needed any longer.

MAGA supporters? Naw, Trump can show now that he doesn’t give a shit about you, either.

Rural voters and Evangelicals who said that he shares your values, tells us like it is, and says what we’re thinking? You must have been thinking that th United States doesn’t need a democratic republic any longer. You must have thought that your freedoms and rights would be okay because Trump is like us.

If you haven’t realized yet, he is not like you, not unless you’re white, male, wealthy, selfish, racist, and sexist.

As for you folks who thought he would end wars, cut inflation, and make the United States a better place to live, man are you in for a fucking awakening. Talk ’bout woke! You’ll be woke as the deficit climbs and supply shortages and high prices gut the economy. Bet you’ll be woke as inflation rises and rises.

Those of you who wrung your hands and whined, “The Democrats don’t care about the cost of living enough, so I’m voting for Trump,” have fucked around. If you haven’t found out, you will.

I’ll take it back to Paul Krugman’s post from today to close.

As I get ready to hit the publish button, stock futures are down — but not nearly as much as the situation seems to warrant. Investors still seem to believe that there’s a good chance that Trump will use some minor concessions (about what?) to declare victory and dial the tariffs back. As I wrote about the same time Goldman and Dimon were telling us to chill out, this market complacency is a self-defeating prophecy: muted market reaction makes it likely that Trump will continue and expand his trade war.

And even if some of the tariffs prove temporary, the Rubicon has been crossed. We now know that when the United States signs an agreement, on trade or anything else, the president will treat that agreement as a mere suggestion to be ignored whenever he feels like it. That revelation in itself will do huge long-term damage.

All of this was entirely predictable. But there are none so blind as those who will not see.

0

Blog at WordPress.com.

Up ↑