Come for the politics, stay for the snark.

After roe, women are no longer free.

A snarling mass of vitriolic jackals

A thin legal pretext to veneer over their personal religious and political desires

Within six months Twitter will be fully self-driving.

This has so much WTF written all over it that it is hard to comprehend.

I really should read my own blog.

It may be funny to you motherfucker, but it’s not funny to me.

The republican caucus is already covering themselves with something, and it’s not glory.

Republicans don’t want a speaker to lead them; they want a hostage.

Fuck the extremist election deniers. What’s money for if not for keeping them out of office?

Only Democrats have agency, apparently.

The willow is too close to the house.

Second rate reporter says what?

Sadly, there is no cure for stupid.

They love authoritarianism, but only when they get to be the authoritarians.

People are complicated. Love is not.

I like you, you’re my kind of trouble.

We cannot abandon the truth and remain a free nation.

Let me eat cake. The rest of you could stand to lose some weight, frankly.

JFC, are there no editors left at that goddamn rag?

Meanwhile over at truth Social, the former president is busy confessing to crimes.

New McCarthy, same old McCarthyism.

The revolution will be supervised.

Today’s GOP: why go just far enough when too far is right there?

You are here: Home / Economics / C.R.E.A.M. / Market Schadenfreude Open Thread: “Trade Wars Are Good, and Easy to Win”

Market Schadenfreude Open Thread: “Trade Wars Are Good, and Easy to Win”

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Wrong again, Donald!

If it weren’t for all our 401(k)s and other retirement accounts, I’d be just as happy to watch Steve “Pig Muck” King trying to explain to his pork- and soybean-raising voters that those wiley ChiComs just have more experience at this whole international trade stuff than the Party of Smoot-Hawley Mk. II…


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NOTHING TO SEE HERE, FOLKS! ALL IS WELL!…

Reader Interactions

67Comments

  1. 1.

    Viva BrisVegas

    The interesting thing to watch for now is who in Trump’s cabinet and family are shorting the market.

  2. 2.

    ? ?? Goku (aka Amerikan Baka) ? ?

    Once more with feeling: Good and hard, red states and Trump cultists. Good and hard. And no lube. Reap what you sow.

  3. 3.

    Mike in NC

    Very much looking forward to “tariff pain” stories originating in various parts of Trumpistan. Elections have consequences, they say.

  4. 4.

    Schlemazel

    I only have a 3.5 years before mandatory withdrawals kick in & I don’t have enough as it is. I pulled my entire portfolio out of the market late last year because I can’t afford another 2007. I wish utter destruction on the morons that voted for this fucking disaster

  5. 5.

    Jim, Foolish Literalist

    “is China trying to pit portions of America against other portions of America?” asks Pres Trump’s trade adviser Peter Navarro

    hmmm…….

  8. 8.

    Jay

    It’s actually as funny as hell. Treasury has “spiked” or hasn’t gotten around to actually doing the paperwork on the first round of tariffs,

    ( basically said Treason Tribbles twit’s arn’t actually policy)

    China did do the paperwork on the first round, and the second round should be ready Monday/Tuesday.

    I guess Xi thinks that twit’s are policy.

  9. 9.

    geg6

    Though this will hurt us all, I do have to admit that my own suffering will be tempered by how all these despicable people who voted for him with such glee at the thought of how he’d take it to women and people of color are going to be getting fucked good and hard. I will throw it in every face if they dare to even say one word about it in complaint. MAGA, motherfuckers!

  11. 11.

    Mike in DC

    Well, the markets will go nuts tomorrow. Trump is toying with a forced recession with this shit.

  12. 12.

    El Caganer

    I don’t believe there will be any actual change at all. Trump will instruct the US ambassador to tell the Chinese he was jes’ funnin’ them, then he’ll go on Twitter and announce to America that his bluff worked and the Chinese backed down. That fact that this wouldn’t be true wouldn’t make any difference – none of his other lies seem to be generating a lot of pushback.

  13. 13.

    David ??Merry Christmas?? Koch

    CNN says Drumpf may have damaged his credibility by denying knowledge of hush money to Stomry Daniels.

    Yes CNN, he had so much credibility before today.

  14. 14.

    Chet Murthy

    @Jay:

    I guess Xi thinks that twit’s are policy.

    I don’t want to attribute to Xi and the CCP leadership cadre anything they don’t deserve. But still, I think they must be quaking in their boots about Spanky McTrump being Predisent[sic]. I can imagine they would much rather have a rational adversary like Obama, than this ….. buffoon. So that’d be a reason to retaliate in a trade war — much, much, much better than doing nothing (only encourages bullies).

    In short, Xi loves Chinese children too (to paraphrase Sting).

  18. 18.

    Amir Khalid

    There seems to be a cycle for some American voters:
    1. Vote for Republicans.
    2. Republican policies hurt you.
    3. Democrats offer a fix.
    4. Vote for Democrats.
    5. Democrats fix it.
    6. It is now safe to vote for Republicans again. Go to step 1.

  20. 20.

    Shalimar

    I really love the hog farmer who says this might put his Trump vote at risk next time. Might. He isn’t fooling anyone. Trump could personally take away everything that guy has and he still wouldn’t leave the cult.

  22. 22.

    Chip Daniels

    Somewhere in the bowels of Fox News, there is a group of interns frantically trying to craft a message that explains how the Urban People with their droopy drawers and Cadillacs caused this pain to the heartland.

  24. 24.

    David ??Merry Christmas?? Koch

    Trade war, whoa, lord
    What is it good for
    Absolutely nothing, say it again.

    it ain’t nothing but a heart-breaker
    friend only to the undertaker
    Oh, trade war it’s an enemy to all mankind
    The point of trade war blows my mind
    Trade war has caused unrest
    Within the younger generation
    Induction then destruction
    Who wants…

  27. 27.

    piratedan

    @Schlemazel: i hear ya, I moved all of my 401k stuff into international and emerging markets because I KNEW that Trump’s economic policies would be an utter shitshow. After all, he’s the guy that went broke on casinos multiple times and has a history of financially fucking over everyone who has ever worked with him or worked for him.

    and what is worse, everybody knew this, it was extremely well documented and all of these supposedly fiscally responsible foofs over in the GOP know just how empty their policy is and as usual, it will take Dems to fix it while they piss and moan and are given multiple forums to bitch about how the Dems are fixing things.

  28. 28.

    PsiFighter37

    @Shalimar: Sticking it to China while losing your job is a bit different from sticking it to brown people in America and not being personally impacted.

    This keeps going, these fuckers are gonna get really anxious economically, and then those fucktards in the MSM will understand that Trumpers are just racists. Probably not.

  29. 29.

    SiubhanDuinne

    Ten Trump red states will all be hit with soybean tariffs. @hughhewitt just said this is “terrible economics and worse politics.”

    When you’ve lost the ambulatory cream cheese sculpture….

  30. 30.

    PsiFighter37

    @piratedan: What’s the ETA on them becoming deficit scolds as soon as they lose power? I bet that if ZEGS hasn’t quit or lost re-election, his first floor speech will be about it.

  32. 32.

    Sm*t Cl*de

    Kudlow tells me the tariffs are only “proposals” right now

    Trump is not authorised to speak for the White House.

  33. 33.

    Matt

    @Jay:

    Look at it this way: if Xi announces counter-tariffs and Drumpf’s team actually goes ahead with the twits, no harm. But if the team talks him back from the edge, Xi can spin it as “America backed down in the face of our might”.

  34. 34.

    p.a.

    @Shalimar: correct. it’s more like: 4) stay home peevishly so Dems get power, straighten things out.

    5) vote peevishly for Rs because Dem regimes raise everyone’s boats.

  35. 35.

    David ??Merry Christmas?? Koch

    NRA’s Dana Loesch says MLK might be alive today if he was carrying a concealed weapon

    genuine frontier gibberish.

  39. 39.

    p.a.

    @Baud: As earth warms we’ll have parrots (roast Norwegian Blue, anyone?) as a replacement. Much more meat on a parrot. See? Global warming > qualitative improvement.

  42. 42.

    Another Scott

    @Viva BrisVegas: CNN:

    (CNN)Two years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash.

    “I sort of hope that happens because then people like me would go in and buy,” Trump said in a 2006 audiobook from Trump University, answering a question about “gloomy predictions that the real estate market is heading for a spectacular crash.”

    Just about everything Donnie and his Minions [do] has the effect of weakening America. We shouldn’t be surprised that that’s happening – he thinks and has explicitly said that the way for him to win is to destroy value held by anyone else.

    Cheers,
    Scott.

  43. 43.

    David ??Merry Christmas?? Koch

    ‘This is boring’: Trump literally tosses out his prepared remarks during tax roundtable

    ***

    During those remarks, the president accused a migrant caravan of raping women at record levels and expressed anger at a provision of the Citizenship Clause in the Constitution that declares children born on U.S. soil are American citizens.

    “If you have a baby on our land, congratulations that baby is a United States citizen,” Trump lamented.

    Trump also repeated the false claim of widespread voter fraud in California

    Gentry republicans and media dimwits insist the tax cut will win them reelection. Drumpf exposes them, saying republican voters care about racism, not economic anxiety.

  44. 44.

    efgoldman

    @Mike in NC:

    Elections have consequences, they say.

    Nooooo
    The depth of his ignorance is lower than the Marianas trench
    And his “advisors” aren’t much better
    Government by toddler. Even my granddaughter learns things

    ETA: The congresscritters and state legislators from those places are deciding whether to “retire” or go down in flames as we speak.
    I said after the election in 2016 that the way forward for Democrats was to superglue Weasel Face to every RWNJ’s ass. Even truer now.

  45. 45.

    Jay

    @El Caganer:

    Except China’s gone ahead with Tariff’s I, Tariff’s II will be ready Monday/Tuesday, and Tariff’s III the following week.

    So much for calling Xi that it was all “a bluff”.

    The Chinese arn’t bluffing, and they arn’t waiting for Treasury to enact Treason Tribble’s twits.

  46. 46.

    OGLiberal

    @Amir Khalid: Yes, the GOP effs stuff up for everybody. Once fixed by Dems, GOP offer you a chance to vote based on racism/sexism v. “O shit, my personal economic situation is in trouble” so they go GOP. A few years later it all falls apart again and people vote for Dems who want to govern and fix things. Things get better then, in a few years, we’re back to the politics of rage, resentment, racism and xenophobia.

    It’s called white America. And they still have a lot of votes.

  48. 48.

    efgoldman

    @Schlemazel:

    I wish utter destruction on the morons that voted for this fucking disaster

    They’re going to get exactly that, but not because of anything you wish or do.

  49. 49.

    joel hanes

    @Schlemazel:
    I sold about half last August because I was going to be out of touch for two weeks,
    and didn’t trust The Donald not to destroy the markets in that interval.
    That wasn’t looking like such a great idea — until just recently.

    Sold much of the rest the day after Trump first tweeted “tariff”.

    Tomorrow will be a good day to be in cash.

    By summer, bonds will be a bargain, I hope.

  50. 50.

    Mnemosyne

    @SFAW:

    What, you don’t think a concealed handgun can magically protect you from a sniper shooting from a rooftop 300 yards away? You just need to believe, my son!

  51. 51.

    OGLiberal

    @SFAW: James Ray was firing from about a block and a half away from a bathroom window. MLK likely didn’t even hear the shot.

    What a maroon.

  52. 52.

    Jay

    @p.a.:

    Nope, they will all die from pining for the fiords, as the fiords drown, the glaciers melt and the pines die.

    There will however be a good market in selling their stuffed carcasses, nailed to a perch, to Gullabillies as live food.

  54. 54.

    Mnemosyne

    I was going to make a mordant joke about the US Secretary of State calling Xi to say that Trump was only bluffing, and Xi responding, “I wasn’t,” but then I realized that we don’t even have a fucking Secretary of State right now.

  55. 55.

    Sm*t Cl*de

    ‘This is boring’: Trump literally tosses out his prepared remarks during tax roundtable

    Economics is boring. Don’wanna talk about economics. Wanna talk other stuff.

  57. 57.

    Jim, Foolish Literalist

    I’d say this merits a “Boom!” That’ll scare some legislators, I’d bet

    support OK teachers! @ InternetEh
    Oklahoma Teamsters are refusing to cross teacher picket lines to work on renovations on the capitol. Everything is shutting down

  59. 59.

    Hkedi [Kang T. Q.]

    I could totally see China responding with real trade sanctions in retaliation every time Trump threatens on tv to invoke a tariff, but doesn’t actually MAKE any trade sanctions “Because governin is HAAarrd”.

    Trump has run on the “squeaky wheel gets the grease” his entire life. In the east, they have a different saying: “the nail that sticks up gets hammered down”.

  61. 61.

    Omnes Omnibus

    @OGLiberal:

    James Ray was firing from about a block and a half away from a bathroom window. MLK likely didn’t even hear the shot.

    He basically fired across the parking lot. I’ve been there. You, however, are correct that MLK never heard the shot and that carrying a weapon would have done fuck all to stop the assassination.

  62. 62.

    Villago Delenda Est

    My sympathy for Tim Schmidt is non-existent.

    You voted for this idiot. You’re getting what you deserve…a royal screwing.

  63. 63.

    Mnemosyne

    @Omnes Omnibus:

    Loesch is now saying that her point was merely Hur-hur, libtards, MLK wanted a gun permit, so suck it! and she didn’t make the claim that having a gun would have prevented his assassination.

    That sounds about right for Loesch, since she specializes in pointless non sequiturs.

  64. 64.

    SFAW

    @Omnes Omnibus:

    I’ve been there. You, however, are correct that MLK never heard the shot and that carrying a weapon would have done fuck all to stop the assassination.

    You mean to say that Eric Starvo Galt didn’t shout “Hey, darkie! I’m-a shoot you in 3 … 2 … 1 …”

    Maybe Loesch thought that Ray shouted “Incoming! Pew pew pew” first.

    She’s still a fucking moron.

  66. 66.

    efgoldman

    @Mnemosyne:

    I’m pretty sure that Loesch doesn’t actually understand how guns work

    Somebody in the office should look at what sher’s going to say before she makes asses of them.

  67. 67.

    Bess

    @Sm*t Cl*de:

    NRA’s Dana Loesch says MLK might be alive today if he was carrying a concealed weapon

    The rifle bullet might have bounced off it.

    That would have been quite a trick. King was hit by a .30-06 caliber rifle bullet that entered his right jaw, traveled through his neck, severing his spinal cord, and stopped in his shoulder blade.

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