someone¹ is furiously dumping US treasuries (AKA "US debt" AKA "the most secure store of value on earth") on the open market, driving interest rates 🚀🌖 and freaking everyone on fintwit the fuck out (interest rates, which go up in response to selling pressure, don't usually move this fast, especially at this time of day).

Worth mentioning that #ScottBessent said that the goal Trump’s 5D chess move w/#tariffs was to drive the rate on the 10 yr treasuries *down* to make it easier for Americans to afford houses etc. Needles to say, up is the opposite of down.

"I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market so I can scare the shit out of everybody."

- James Carville

¹ probably China (TBD). China holds an enormous about of US debt and they now have strong incentive to dump it.

#bonds #uspol #eupol #china #PRC #tariff #bondmarket #recession #economy

This is incredible. The White House sent out the Deputy Press Secretary Kush Desai to protest that the equation for tariffs on a country was definitely *not* just calculated as just (trade_deficit / imports) but instead calculated as [insert greek letter arithmetic that looks complicated].

What #KushDesai did not realize is that the values chosen for the greek letters in the equation he cited in the paper he cited it from make the formula reduce to…

trade_deficit / imports

"It's essentially #CriticalTradeTheory. Any trade imbalance between two countries is de facto evidence of systemic unfair trade practices."

x.com/KushDesai47/status/19076…

#Tariffs #MAGA #Trump #uspol #eupol #asia #China #PRC #Math #Mathematics #economics #economy #recession #corruption