Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
S&P: We are currently just above the Buffoon BLINK Bounce close but still slightly below the 50% Fibo retracement level. More data to support the likely creation of a trading range. Until we take out both of those^ AND the 61.8% retracement, we consider this market action highly predictable and tradeable, and expect it to last at least 6 months.
Treasury Sec: We did NOT meet with the Chinese. Buffoon: We met with the Chinese this morning. Question: Hmm...So then, which individuals met with the Chinese? Buffoon: (crickets)
COVID-19 vaccines were developed in record time and helped save many lives worldwide. What's the plan to prevent an international economic cataclysm caused by the imprudent actions of a delusional, but very influential, head of state?
Treasury Sec: We did NOT meet with the Chinese. Buffoon: We met with the Chinese this morning. Question: Hmm...So then, which individuals met with the Chinese? Buffoon: (crickets)
BREAKING: Billionaire MAGA megadonor Ken Griffin incinerates Donald Trump over his disastrous tariffs and says that America has "has become 20 percent poorer in four weeks." Even hardcore Republicans supporters are running for the hills now... "The United States was more than just a nation. It’s a brand. It’s a universal brand, whether it’s our culture, our financial strength, our military strength …. America rose beyond just being a country," Griffin said at the Semafor World Economy Summit. "It was like an aspiration for most the world. And we’re eroding that brand right now." Griffin, the founder and CEO of the hedge fund Citadel, said that it can take "a lifetime to repair the damage that has been done" to our nation's reputation. "If you think of your behavior as a consumer, how many times do you buy a product with a brand on it because you trust that brand?" he said. "In the financial markets, no brand compares to the brand of the US Treasuries — the strength of the US dollar and the strength and creditworthiness of US Treasuries. No brand came close. We put that brand at risk." Griffin compared America to a luxury brand dressmaker who destroys their company by sinking into scandal. "You know, you can buy like a similar dress with no name for less money, but you want the dress that you think is going to not fall apart in two weeks,” Griffin said. "It can take a very long time — a very long time — to remove the tarnish on a brand." He went on to say that the deflation of the U.S. dollar coupled with chaotic and unpredictable economic policy and Trump's attacks on Federal Reserve Chair Jerome Powell is a recipe for disaster. Griffin then directly criticized Trump's destructive tariffs, saying that they will not lead to any kind of victories but will force those involved to "tread water and not drown." He also destroyed the absurd claim that the tariffs will somehow magically bring manufacturing back to the United States despite the Trump administration failing to incentivize such reshoring with robust subsides. "I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America because with the policy volatility, you actually undermine the very goal you’re trying to achieve," said Griffin. He went on to point out the damage being inflicted on our relationships with our closest allies— "How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?" Griffin asked. "And some people scream, ‘Well, it just doesn’t matter.’ But you know what? It matters for a very profound reason. The entire Western world is engulfed in a debt crisis," he added. This is what happens when you elect an incompetent egomaniac with no understanding of geopolitics or the complex economic systems that hold the world together. Donald Trump operates on instinct and his instincts are always wrong. Please like and share!
@Crash is spot on. There is NO discussion with China. They have made it clear that the negotiations will be on their terms, not Trump. China has been preparing for this trade conflict. Nicholas Boris of Seafarer fund provides an in-depth discussion: .
Here are the facts: 1. China has 90% of market share on rare earth metals. These are the key ingredients to manufacture semiconductors ( chipsets), EV batteries, magnets, and military devices, it is too late for other countries to catch up in my opinion. 2. Other agriculture suppliers have been developed.through Belt and Roads Initiative. US is no longer the sole supplier. Soy bean and pork are two targets that will hit the red states badly.
These two points by themselves are “checkmate” to Trump’s trade war with China. Let see how this plays out in the negotiations and they have the leverage.
Comments
https://paulkrugman.substack.com/p/trump-is-a-virus
"...And this time there won’t be a vaccine coming to our rescue. We’re stuck with this chaos agent for three years and three months."
Hmmm...That's wishful thinking. But scoring at home, I got it at three years, nine months!
Buffoon: We met with the Chinese this morning.
Question: Hmm...So then, which individuals met with the Chinese?
Buffoon: (crickets)
What's the plan to prevent an international economic cataclysm caused by the imprudent actions
of a delusional, but very influential, head of state?
He thinks he's getting immunity forever.....the official Trump merchandise store is now selling caps embroidered with “Trump 2028” for $50.
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BREAKING: Billionaire MAGA megadonor Ken Griffin incinerates Donald Trump over his disastrous tariffs and says that America has "has become 20 percent poorer in four weeks."
Even hardcore Republicans supporters are running for the hills now...
"The United States was more than just a nation. It’s a brand. It’s a universal brand, whether it’s our culture, our financial strength, our military strength …. America rose beyond just being a country," Griffin said at the Semafor World Economy Summit. "It was like an aspiration for most the world. And we’re eroding that brand right now."
Griffin, the founder and CEO of the hedge fund Citadel, said that it can take "a lifetime to repair the damage that has been done" to our nation's reputation.
"If you think of your behavior as a consumer, how many times do you buy a product with a brand on it because you trust that brand?" he said. "In the financial markets, no brand compares to the brand of the US Treasuries — the strength of the US dollar and the strength and creditworthiness of US Treasuries. No brand came close. We put that brand at risk."
Griffin compared America to a luxury brand dressmaker who destroys their company by sinking into scandal.
"You know, you can buy like a similar dress with no name for less money, but you want the dress that you think is going to not fall apart in two weeks,” Griffin said. "It can take a very long time — a very long time — to remove the tarnish on a brand."
He went on to say that the deflation of the U.S. dollar coupled with chaotic and unpredictable economic policy and Trump's attacks on Federal Reserve Chair Jerome Powell is a recipe for disaster.
Griffin then directly criticized Trump's destructive tariffs, saying that they will not lead to any kind of victories but will force those involved to "tread water and not drown."
He also destroyed the absurd claim that the tariffs will somehow magically bring manufacturing back to the United States despite the Trump administration failing to incentivize such reshoring with robust subsides.
"I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America because with the policy volatility, you actually undermine the very goal you’re trying to achieve," said Griffin.
He went on to point out the damage being inflicted on our relationships with our closest allies—
"How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?" Griffin asked.
"And some people scream, ‘Well, it just doesn’t matter.’ But you know what? It matters for a very profound reason. The entire Western world is engulfed in a debt crisis," he added.
This is what happens when you elect an incompetent egomaniac with no understanding of geopolitics or the complex economic systems that hold the world together. Donald Trump operates on instinct and his instincts are always wrong.
Please like and share!
We need more courageous Republicans to speak out against this nonsense.
https://www.cnbc.com/2025/04/24/china-says-no-talks-with-the-us-on-trade-calls-for-canceling-unilateral-tariffs.html
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Here are the facts:
1. China has 90% of market share on rare earth metals. These are the key ingredients to manufacture semiconductors ( chipsets), EV batteries, magnets, and military devices, it is too late for other countries to catch up in my opinion.
2. Other agriculture suppliers have been developed.through Belt and Roads Initiative. US is no longer the sole supplier. Soy bean and pork are two targets that will hit the red states badly.
These two points by themselves are “checkmate” to Trump’s trade war with China. Let see how this plays out in the negotiations and they have the leverage.