It's official: The intelligentsia has really lost its mind (#890832).
Here's the front page of the FT today... fair enough there was news, but like every single story is about Trump?!
Fucking hell
pull down to refresh
98 sats \ 1 reply \ @Undisciplined 3 Apr
Know your audience
reply
38 sats \ 0 replies \ @denlillaapan OP 3 Apr
...audience capture.
We no longer report the news, but only shove pictures and headlines of orange man at our readers. Quid-pro-quo
reply
71 sats \ 2 replies \ @Solomonsatoshi 3 Apr
The tariffs are a radical departure from conventional economic wisdom.
Combined with Trumps other actions they signal an increasingly isolationist USA completely at odds with its traditional allies and trade partners.
The tariffs confirm a USA that the rest of the world sees as increasingly deranged.
Do Libertarians support the tariffs or believe they are in any way a credible means to reverse the decline of US wealth and power?
reply
0 sats \ 1 reply \ @denlillaapan OP 3 Apr
True, true.
I don't speak for the Libertarian party (uppercase) so who knows... but no, generally tariffs are anti-economic/obviously pareto inefficient.
We'll see what it achieves it terms of geopol negotiation cloud and/or lowering world prices via Optimal Tariff Theory
reply
0 sats \ 0 replies \ @Solomonsatoshi 3 Apr
Seems likely in geopol terms to push other nations closer together.
Already China claims to be working with Japan and S.Korea on how to respond to the latest tariffs.
Europe and China with Japan, S.Korea and the rest of S.E. Asia now have more to gain by increasing trade between themselves and US ends up isolated and irrelevant.
China could further advance trade payments denominated in Yuan/mBrigde protocol and the USD loses its trade payments predominance, costing USA one of its last significant strategic advantages.
'Optimal Tariff Theory'?? Tariffs never lower prices!
reply
59 sats \ 4 replies \ @028559d218 3 Apr
I mean... he did cause the large downturn in the financial markets?
reply
0 sats \ 3 replies \ @denlillaapan OP 3 Apr
true, true, so let's do one or two slots on that.
... but every single front-page story a Trump story...? WTH
reply
7 sats \ 2 replies \ @028559d218 3 Apr
Well... I mean he is the President ;)
reply
0 sats \ 1 reply \ @denlillaapan OP 3 Apr
I aaaaam the king
"Again with the king stuff..."
reply
0 sats \ 0 replies \ @028559d218 23h
Lol I love Reason TV
reply
21 sats \ 0 replies \ @Satosora 3 Apr
Its big news if you use fiat.
reply
28 sats \ 1 reply \ @grayruby 3 Apr
Media must be secretly loving Trump back in office.
reply
40 sats \ 0 replies \ @denlillaapan OP 3 Apr
secretly?!
Dude, they're salivating.
reply
7 sats \ 3 replies \ @SimpleStacker 23h
All I see is buying opportunities everywhere
reply
30 sats \ 2 replies \ @denlillaapan OP 22h
with what funds, SimpleStacker?!
We're all out of fiat + chairs over here... what are you doing?!
reply
13 sats \ 1 reply \ @SimpleStacker 19h
I keep diversified precisely for moments like this lol
Some people like sports betting markets... the stock market is like my betting market...
reply
7 sats \ 0 replies \ @denlillaapan OP 19h
Bearish
reply
13 sats \ 1 reply \ @krawall 15h
Uh, when Frump is causing all this, why can't you say it ?
reply
0 sats \ 0 replies \ @denlillaapan OP 15h
You can. You should.
...but blasting the entire site/newspaper with it? That's just pathetic
reply
14 sats \ 2 replies \ @022fbc9cef 22h
It is quite a big news. Recession ahead.
reply
0 sats \ 1 reply \ @denlillaapan OP 22h
been coming for a looooong-ass time. This last thing ain't affecting that.
Nice scape-goat, though
reply
0 sats \ 0 replies \ @022fbc9cef 22h
Yeah true
reply