We have made it halfway through another week. *cheers*
The President so far has tweeted 4 times.
A fighter and champion, GREAT! https://t.co/8LoTrb6Pdc— Donald J. Trump (@realDonaldTrump) August 14, 2019
As the News Blender reported on Tuesday, former Major League pitcher Curt Schilling floated the idea that he might move back to Arizona, to run for Congress challenging one of five Democrat’s.
Vanity Fair reports this is not the first time Schilling has floated this idea, in 2016, Schilling floated the idea of running against Senator Elizabeth Warren, in Massachusetts.
As the article notes, the retired Schilling has faced backlash over comparing Muslims to Nazis, shared a transphobic meme on Facebook, that led to ESPN firing him in 2016.
He has a collection of Nazi memorabilia, was sued by the state of Rhode Island, over a failed video game company, he and the other executives agreed to pay Rhode Island $2.5 million in a settlement.
But the article goes on to explain that most noteworthy of Schilling’s past exploits is his current support of the QAnon theory.
As usual practice, yes, there will be a live thread, yes, I will have wine, and possibly popcorn. 🙂
“The Fed has got to do something! The Fed is the Central Bank of the United States, not the Central Bank of the World.” Mark Grant @Varneyco Correct! The Federal Reserve acted far too quickly, and now is very, very late. Too bad, so much to gain on the upside!— Donald J. Trump (@realDonaldTrump) August 14, 2019
“So far, you’ve had Tariffs imposed on 300 Billion Dollars worth of Chinese products, but you can’t tell me that it has hurt our economy…& it really hasn’t led to any kind of serious rise in prices at the consumer level.” @Varneyco @FoxBusiness And we are taking in $Billions!— Donald J. Trump (@realDonaldTrump) August 14, 2019
So far we have had tariffs on $250 billion worth of Chinese imports.
On Tuesday as the News Blender reported, the U.S. Trade Representative announced that the scheduled September 1st tariffs of 10 percent on $300 billion worth of Chinese imports, would be delayed until December.
Prior to departing DC, for an energy speech in PA, the President explained the delay was for the Christmas season.
Of note, the President often tells American’s that the Chinese are in fact paying the 25 percent tariff on U.S. imports from China.
We don't want to ruin Christmas with tariffs, says Commerce Secretary Wilbur Ross pic.twitter.com/3YuznXpws5— Squawk Box (@SquawkCNBC) August 14, 2019
Also in the world of economic news, the Dow has tanked, after the small gain on the tariff delay from Tuesday.
But but but. Yeah. I got nothing either.
For What It’s Worth.
The trade war with China, the threat of more tariffs to come, especially the continued threat of auto tariffs, is only part of the negative reaction in stocks, today’s hit, follows the neon flashing warning signs of a new recession looming in the near future.
U.S. stock futures dropped and U.S. Treasury markets sent a new recession signal as 10-year yields fell below two-year yields for the first time since 2007 https://t.co/R8uv2FXb44— The Wall Street Journal (@WSJ) August 14, 2019
From the article.
Meanwhile, yields on the 10-year Treasury note briefly fell below two-year yields for the first time since 2007. This kind of inversion between short and long-term yields is viewed by many as a strong signal that a recession is likely in the future.The Wall Street Journal.
For What It’s Worth Part 2.
The Federal Reserve has little tools available to them in order to take the sting out of another recession as interest rates are currently low, some countries still running a negative rate, plus our debt is high, QE, is almost a no-win for us the tax payer.
At the writing of this post the Stock Market was at:
🤘🏽The Mark-et of the Beast! 🤘🏽 pic.twitter.com/SQvMnI4MVu— Your Party Sucks! (@LennyGhoul) August 14, 2019
Tremendous amounts of money pouring into the United States. People want safety!— Donald J. Trump (@realDonaldTrump) August 14, 2019
This would be his attempt at rippling the market, that’s posed to lose 700 points on the day if not more.
Basically it’s a bad day on Trump Ranch, and he’s desperately attempting to save the market.
This post will be updated, probably, most likely, with in reason.