It's the economy, stupid.

[GoCubsGo]

No wonder DonOld likes him.

John Barron anyone?

'Doesn’t exist!’ Maddow exposes Trump ally who invented expert — using anagram of his name

That's hilarious. Peter Navarro failures:
"ran unsuccessfully for office in San Diego, California, five times."
"paid $4,000 in fines and court costs for violating city (San Diego) and state election laws."



Wow, even I had no idea what a FAILURE Navarro is. I should have just linked the Wiki page Only DonOLD would hire someone with such a miserable track record.

Oh shit, we are more screwed than I thought.

[1 CAT FAN]

You're in the habit of following lesbians? Wait, there is an anonymous compassionate nurse here. You've been screwed for awhile.

[1 CAT FAN]

Dems are incompetent but not a cult.

Your superstar cultmaster, the compassionate nurse won't appreciate you saying that.
I agree with you, Dems are incompetent.

[Vrede too]

Oh shit, we are more screwed than I thought.
https://x.com/RpsAgainstTrump/status/19 ... 7376860549

But wait, we have a "savior":

Elon Musk Calls Trump Trade Adviser Peter Navarro ‘A Moron’ As Tariffs Cause Market Chaos
The Republican infighting has reached a new boiling point.

Elon Musk slammed President Donald Trump’s trade adviser Peter Navarro as “truly a moron” and “dumber than a sack of bricks” on Tuesday.

Musk’s insults came in response to Navarro’s comments made Monday on CNBC about Tesla’s manufacturing practices, in which Navarro referred to Musk, Tesla’s CEO, as “not a car manufacturer” but “a car assembler” while arguing that the car company depends heavily on foreign supply chains for items such as batteries.

Hard to argue with that. See previous page for a list of Navarro FAILURES.

“When it comes to tariffs and trade, we all understand in the White House and the American people understand that Elon is a car manufacturer. But he’s not a car manufacturer, he’s a car assembler in many cases,” Navarro told CNBC.

He continued, “If you go to his Texas plant, a good part of the engines that he gets, which in the EV case is the batteries, come from Japan and come from China. The electronics come from Taiwan…” ...

Pooor MAGAts, now they have to pick sides.

[GoCubsGo]

Wonder if anyone's paying attention in the Whitehouse.

[Vrede too]

Wonder if anyone's paying attention in the White House.

https://bsky.app/profile/jeisinger.bsky ... dxfertcs2s

https://bsky.app/profile/carlquintanill ... dyl4flvk2l

What does this mean for my realignment to 84% bonds in early March?

[GoCubsGo]

Wonder if anyone's paying attention in the White House.

https://bsky.app/profile/jeisinger.bsky ... dxfertcs2s

https://bsky.app/profile/carlquintanill ... dyl4flvk2l

What does this mean for my realignment to 84% bonds in early March?

You bought too soon, but there was no way to know. Doesn't hurt you, but you wound up leaving a litte $$ on the table.

I went short term because of the uncertainty.

[Vrede too]

Wonder if anyone's paying attention in the White House.

https://bsky.app/profile/jeisinger.bsky ... dxfertcs2s

https://bsky.app/profile/carlquintanill ... dyl4flvk2l

What does this mean for my realignment to 84% bonds in early March?

You bought too soon.

I went short term.

Short term bonds? I didn't discuss what kind of bonds with my account manager. It sure wouldn't have been smart to keep 50-60% of my money in stocks. The Dow is down 15% this year. The S&P 500 was last at this level 4/19/24. The past year's culmination of Bidenomics has all vanished.

[GoCubsGo]

Wonder if anyone's paying attention in the White House.

https://bsky.app/profile/jeisinger.bsky ... dxfertcs2s

https://bsky.app/profile/carlquintanill ... dyl4flvk2l

What does this mean for my realignment to 84% bonds in early March?

You bought too soon.

I went short term.

Short term bonds? I didn't discuss what kind of bonds with my account manager. It sure wouldn't have been smart to keep 50-60% of my money in stocks. The Dow is down 15% this year. The S&P 500 was last at this level 4/19/24. The past year's culmination of Bidenomics has all vanished.

T-Bills an CD's.

[Whack9]

Navarro said the BMW plant in Spartanburg is a scam. No good jobs

https://thehill.com/homenews/administra ... p-tariffs/

“And the thing like, you take automobiles, what we’re doing now is a scam like BMW comes to Spartanburg, S.C., and all we do is assemble German transmissions and autos,” he continued. “It’s like they get all the good jobs. They get all the good profits, and we get stuck with a hindsight.”

Ah yes, a total scam. The Greenville-Spartanburg area has not benefited at all.

[Vrede too]

Navarro said the BMW plant in Spartanburg is a scam. No good jobs

https://thehill.com/homenews/administra ... p-tariffs/

“And the thing like, you take automobiles, what we’re doing now is a scam like BMW comes to Spartanburg, S.C., and all we do is assemble German transmissions and autos,” he continued. “It’s like they get all the good jobs. They get all the good profits, and we get stuck with a hindsight.”

Ah yes, a total scam. The Greenville-Spartanburg area has not benefited at all.

It's like Navarro wakes up and decides how he can piss off the maximum number of people. Sure, in theory BMW could be encouraged to source more parts in the US, but that doesn't mean the workers are all scammers. "BMW Manufacturing employs 11,000 people at its eight million square-foot campus" in Spartanburg and according to a 2023 study commissioned by BMW Manufacturing, " Plant Spartanburg supports, both directly and indirectly, 42,935 jobs across the state". More scammers? Then, there all the Germans who are also offended by Ron Vara's attack. Elon is correct, Navarro is a "moron" and "dumber than a bag of rocks.

[Supsalemgr]

Navarro said the BMW plant in Spartanburg is a scam. No good jobs

https://thehill.com/homenews/administra ... p-tariffs/

“And the thing like, you take automobiles, what we’re doing now is a scam like BMW comes to Spartanburg, S.C., and all we do is assemble German transmissions and autos,” he continued. “It’s like they get all the good jobs. They get all the good profits, and we get stuck with a hindsight.”

Ah yes, a total scam. The Greenville-Spartanburg area has not benefited at all.

For the record, I quit paying much attention to Navarro some time ago. He strikes me as someone who would say anything to be provocative. The comment about the BMW plant in Spartanburg confirmed my beliefs.

[Vrede too]

Short term bonds? I didn't discuss what kind of bonds with my account manager. It sure wouldn't have been smart to keep 50-60% of my money in stocks. The Dow is down 15% this year. The S&P 500 was last at this level 4/19/24. The past year's culmination of Bidenomics has all vanished.

T-Bills and CD's.

Was that because you wanted flexibility, or are you maximizing return this way?

40.71% of the 84% in bonds is in AGG iShares Core U.S. Aggregate Bond ETF - Mix of bonds index, I think.
5.14% is in VGSH Vanguard Short-Term Treasury ETF
25.75% is in various holdings labeled "Short-Term"
Only 1.40% is in a holding labeled "Long Term"
No holdings are labeled CDs.
There are 9 holdings comprising 14% of my portfolio that aren't labeled "Short-Term" or "Long Term", not including the 40.71%.

I talk to the account manager again on 4/21. If you've got any suggestions, I'm listening.

[Vrede too]

“Right now the economy is so bad, Elon Musk is thinking about laying off Donald Trump."
-- Jimmy Fallon

Sex Workers Already Predicted There's A Recession Coming — Here's How They Know
The past has shown that nontraditional measures like brothels, beer and lipstick can tell us a lot about the economy’s health.

The Brothel Index

The Stripper Index

Just like the sex workers, we're screwed. There's also:

The Beer Index

The Men’s Underwear Index

The Lipstick Index

The Online Dating Index

The Hemline Index

The Brunette Index

The indicators are all poor or mixed. None are good. Crap.

[neoplacebo]

Navarro said the BMW plant in Spartanburg is a scam. No good jobs

https://thehill.com/homenews/administra ... p-tariffs/

“And the thing like, you take automobiles, what we’re doing now is a scam like BMW comes to Spartanburg, S.C., and all we do is assemble German transmissions and autos,” he continued. “It’s like they get all the good jobs. They get all the good profits, and we get stuck with a hindsight.”

Ah yes, a total scam. The Greenville-Spartanburg area has not benefited at all.

Shit. Navarro will blow a head gasket when he finds out there's a big VW plant in TN. I'm not gonna say anything, though. With any luck, Peter will soon be spending all his time consulting with that fictional "expert" he invented. Jesus would fall through thin ice if he knew Navarro.

[GoCubsGo]

Short term bonds? I didn't discuss what kind of bonds with my account manager. It sure wouldn't have been smart to keep 50-60% of my money in stocks. The Dow is down 15% this year. The S&P 500 was last at this level 4/19/24. The past year's culmination of Bidenomics has all vanished.

T-Bills and CD's.

Was that because you wanted flexibility, or are you maximizing return this way?

40.71% of the 84% in bonds is in AGG iShares Core U.S. Aggregate Bond ETF - Mix of bonds index, I think.
5.14% is in VGSH Vanguard Short-Term Treasury ETF
25.75% is in various holdings labeled "Short-Term"
Only 1.40% is in a holding labeled "Long Term"
No holdings are labeled CDs.
There are 9 holdings comprising 14% of my portfolio that aren't labeled "Short-Term" or "Long Term", not including the 40.71%.

I talk to the account manager again on 4/21. If you've got any suggestions, I'm listening.

I don't really. The only thing I know is there's going to be tremendous volatility. Professional traders love this shit because when markets move there's opportunity but you have to be flexible and watching it like a hawk. That ain’t me.

What also has me concerned and is telling is short term flexibility seems to be a mantra for financial institutions also. It's very unusual to see short term fields being offered at a premium.

Fixed Income OfferingsPOWERED BY BondSourceTM
3 Mo 6 Mo 9 Mo 1 Yr 18 Mo 2 Yr 3 Yr 4 Yr 5 Yr 10 Yr 20 Yr 30 Yr+
CDs 4.26 4.09 4.01 4.25 3.91 4.30 3.75 3.80 4.15 4.25 -- --
Bonds
U.S. Treasuries 4.31 4.14 3.97 3.90 3.87 3.80 3.84 3.94 4.02 4.36 4.92 4.79
U.S. Treasury Zeros -- -- -- 3.65 3.64 3.71 3.83 3.96 4.07 4.55 5.10 4.71
Government Agencies -- 4.00 3.87 3.87 4.18 4.24 4.70 4.73 5.05 5.60 5.99 6.00
Corporates (AAA) -- -- -- -- 4.04 4.04 4.18 4.42 4.50 5.16 5.26 5.76
Corporates (AA) 2.66 -- -- 4.55 4.20 4.32 4.35 4.42 4.76 5.90 5.87 6.12
Corporates (A) 4.36 4.43 4.29 4.55 4.63 4.53 4.68 5.02 5.39 6.00 6.15 6.35
Municipals (AAA) 3.56 3.46 3.76 4.18 3.77 3.81 4.00 4.22 4.33 5.07 5.41 5.06
Municipals (AA) 3.82 4.00 3.76 4.40 4.39 4.22 4.36 4.84 4.46 5.23 5.63 5.45
Municipals (A) 4.09 4.00 4.35 4.40 4.39 4.22 4.36 4.84 4.77 5.26 5.63 5.45

[Whack9]

Navarro said the BMW plant in Spartanburg is a scam. No good jobs

https://thehill.com/homenews/administra ... p-tariffs/

“And the thing like, you take automobiles, what we’re doing now is a scam like BMW comes to Spartanburg, S.C., and all we do is assemble German transmissions and autos,” he continued. “It’s like they get all the good jobs. They get all the good profits, and we get stuck with a hindsight.”

Ah yes, a total scam. The Greenville-Spartanburg area has not benefited at all.

For the record, I quit paying much attention to Navarro some time ago. He strikes me as someone who would say anything to be provocative. The comment about the BMW plant in Spartanburg confirmed my beliefs.

Unfortunately he's one of Trump's top economic advisors. A lot of what's happening is likely a direct result of him. So he likely holds a lot of away and what he says should be taken seriously.

[GoCubsGo]

Folded like a cheap suit.

Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!
https://truthsocial.com/@realDonaldTrum ... 4289505174

BTW, have I ever mentioned he's crazy?

[Whack9]

I feel like a temporary pause on the tariffs isn't going to help businesses figure out what they need to do. This guy is all over the place. How can anyone even make long term plans when conditions can change at any random moment?

[GoCubsGo]

Did I say something about volatility a few posts ago?