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

Tech mogul #ElonMusk, who has served as a close advisor to President #DonaldTrump, on Saturday broke with the president's decision to impose expansive #tariffs on most foreign nations, saying that he hopes to see a "zero tariff situation"

> "I hope it is agreed that both Europe and the United States should move, ideally, in my view, to a zero #tariff situation, effectively creating a free trade zone between Europe and North America,"
nbcnews.com/politics/politics-… #trade #eu #tradewar #policy

Musk wants a 'zero tariff situation', 'free trade zone' for Europe

Elon Musk broke with the president's decision to impose expansive tariffs on most foreign nations, saying that he hopes to see a 'zero tariff situation' with Europe.

^{Alexandra Marquez (NBC News)}

Much has been said about what Trump’s ‘Liberation Day’ tariffs mean for the global liberal order. But what do they mean for everyday American consumers? And what could be its fiscal impact?

Today's Number Theory breaks it down.

Read on HT app: is.gd/NUmU7y

#Tariffs #Tariff #Trade #Trump #DonaldTrump #DataViz #Economy

'Nowhere's safe': How an #island of #penguins ended up on #Trump #tariff list

source: bbc.co.uk/news/articles/cly8xl…

Two tiny, remote #Antarctic outposts populated by penguins and #seals are among the obscure places targeted by the Trump #administration's new tariffs.

The penguins are understandably pissed off.

It's hard to say who is the craziest head of state with all the crazy politicians in the world.

#usa #fail #problem #economy #penguin #seal #intelligence #future #democracy #politics #trade #world #globalization