Charles Mackay

Based upon what has been released so far, Mexico is not be given the same 10% reduced rate on energy exports to the US. Their exports are substantial, and if not reduced, would have a significant effect on oil and oil product prices in the the US. www.eia.gov/dnav/pet/his...

Exclusive: Musk aides lock government workers out of computer systems at US agency, sources say Aides to Elon Musk charged with running the U.S. government human resources agency have locked career civil servants out of computer systems that contain the personal data of millions of federal employees, according to two agency officials.

New - Elon Musk aides lock government workers out of computer systems at US agency, sources say www.reuters.com/world/us/mus...

I don't think we're actually going to get record tariffs on our largest trading partners in 10 days because all the businesspeople in his orbit would sooner rip the pen out of his hand, but it's *clearly* one of Trump's personal goals and I expect some actual CA/MX tariffs soon

Trump's Day One Tariffs: Americans Could Soon See Prices Go up Trump has indicated he wants to put tariffs in place on his first day in office.Trade policy experts told BI he could do so using a national emergency trade law.While it'll take time for tariffs to actually go into effect, Americans could see price increases quickly.New tariffs are looming with President-elect Donald Trump about to take office — and Americans could see the impacts soon after.Over the past few months, Trump has suggested a range of tariff proposals related to key trading partners with the US, including China, Mexico, Canada, and the BRICS nations. Trump's largest target has been China,

Trump’s Day One Tariffs: Americans Could Soon See Prices Go up

https://www.byteseu.com/663766/

Trump has indicated he wants to put tariffs in place on his first day in office. Trade policy experts told BI he could do so using a national emergency trade law. While it’ll take time for tariffs to …

Binance, Changpeng Zhao lose US Supreme Court appeal in unregistered tokens suit The court’s decision allows a class-action lawsuit to proceed, finding that US securities laws apply despite Binance’s foreign operations.

It is not a settled matter that issuing this "coin" is entirely legal. But if so, then anyone can now be a grifter, and collect funds from around the world.

See www.scmp.com/news/world/u...

More disinformation on the effect of imposing large new #tariffs. Yes, this will "reshape the global economy", but even the adviser "making the case" sees potential dire consequences.

Jamie Dimon Says Tariffs Can Help Resolve Competition, Security Issues JPMorgan Chase & Co.’s Jamie Dimon said that tariffs, if properly used, can help resolve issues such as unfair competition and national security.

This is just the beginning of a great wave of disinformation.
#tariffs

Jamie Dimon Says Tariffs Can Help Resolve Competition, Security Issues
shorturl.at/g8mlI

#frontrunning #tariffs

Trump at it again talking about the virtues of tariffs.

Two key papers: Diamond-Mirrlees Atkinson-Stiglitz, establish conditions under which tariffs should not be employed and show the income tax is a great tax.

Or read @pkrugman.bsky.social Pop internationalism!

For anyone expecting a smooth transition to a functioning new Congress on January 3, well, ...

#frontrunning

Trump’s Tariff Plan to Hit Affordable Cars the Hardest The U.S. car industry has a “big case of anxiety” about the president-elect’s proposed 25% tariff on imports from Mexico and Canada.

Trump’s tariff proposal could add about $3,000 to the average cost of every car sold in the U.S., according to a Wolfe Research estimate. 

That’s a trump tax of 10% plus hike for the bottom one third of new cars sold in the US at $30,000 or less.

www.wsj.com/business/aut...

Plus the award for the most unexpected follow goes to Isla Dawn of the WWE (wrestling), who's pictures are below.

@isladawn.bsky.social

Happy Holidays! Thanks everyone for following!
Special thanks to the following market professionals:

@eleriann.bsky.social
@biancoresearch.bsky.social
@perksoflilly.bsky.social
@1lizannsonders.bsky.social

#frontrunning

Another reason to think Trump is not bluffing on tariffs. Next stop inflation redux?

The Fed begins to weigh how Trump policies could fuel inflation The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence inflation in 2025.

VP elect Trump’s policies are going to jack up inflation like RFK Jr. on raw milk and heroin. Brace yourselves. #TurdReichRedux
www.washingtonpost.com/business/202...

Who would pay for Trump's promised tariffs? You will! Trump wants to impose across-the-board tariffs on imported goods from both allies and adversaries, claiming it's other nations who will pay such taxes to the U.S. Treasury. But it's American consumers...

Guess who is going to pay for Donald Trump’s tariffs?

You are!
www.cbsnews.com/news/who-wou...

There’s a lot of “rushing”, “stockpiling” and “scrambling” going on.

#tariffs
@wsj.com
@washingtonpost.com

Has anyone on the right explained how deporting millions of workers and making people pay more for imported consumer goods will improve the economy they claim is so bad?!

Trump tariffs endanger struggling US trucking industry, experts say Tariffs threaten growth in U.S.-Mexico-Canada trade, experts warn.

Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession, sector experts said reut.rs/4gCq27j

Americans Are Stockpiling to Get Ahead of Tariffs Some consumers are snapping up computer parts, vacuum cleaners, coffee and olive oil before the levies take effect.

Christopher Foote said the possibility of tariffs have driven him to “go all out” for items he has had his eye on. The 35-year-old software consultant said he has spent more than $12,000 on new devices since Election Day… www.wsj.com/economy/tari...

From beer to barley: How Trump’s tariff threat could affect your wallet Donald Trump’s threat to hit Mexico with tariffs could raise prices on a surprising number of foods and drinks Americans love — from beer to berries to broccoli.

Mexico makes 88% of America's pickup trucks and 80% of our import beer. www.washingtonpost.com/world/2024/1...

of the economy? How can tariffs, for example, possibly increase overall economic growth? These are questions the stock market front runners have yet to ask.

#frontrunning #stockmarket

from the incoming administration. This belief is very widespread although rather vague. It is even possible there will be more stock market front-running ahead of some expected future policy change.

But what if the new expected policies turn out to be just sand thrown in the engine

an event to come - and this past Black Friday, the expected event is wide spread tariffs in the new year.

With reports of strong retail sales in November, consumer front-running is strong. Also strong - the stock market front-running some as yet unknown expected monetary and administrative actions

Front-running

What is front-running? In finance terms, Front-running is trading stocks, etc., on the basis of some advance knowledge or event, that is expected to influence the price of the stock, etc. The term front-running could also be applied to buying consumer goods, etc., with knowledge of