Winco
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Republicans destroy the economy and Democrats save the economy.
The real reason Trump changed course on Tariffs.
- Thread starter JLW
- Start date
- Apr 11, 2023
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He is not trusted by more than half of America and almost all of the world.
All that in three months.
LeftofLeft
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I don’t trust the rest of the world and I am sure the rest of the world wish’s they could trust in America to maintain the status quo with the imbalance of tariffs in each of their favor.
- Apr 11, 2023
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None of our wishes are possible with the Orange Bumbler.
LeftofLeft
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We are coming off four years of Democrats in charge where their response to saving the economy was 20 percent inflation over four years. How is that saving the economy? Obama and the Democrats did not “save the economy” until Republicans took over the Hill during his second term.
Winco
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World Wide inflation was caused by COVID.
A true trump failed response.
“No, I don’t take ANY responsibility at ALL.” djt
Whenever a thread title starts with, "The real reason", I know to look for a foil helmet somebody bought believing it would give them mindreading powers.President Donald Trump was forced to backtrack on his sweeping tariff plans because of a 'fire sale' in the bond market which could have triggered economic meltdown.
Alongside causing turmoil in the stock market, Trump's sweeping tariff plans sparked a major US government bonds sell-off, the likes of which had not been seen since the depths of the Covid-19 crisis.
Experts are saying that it was this, rather than simply the 'art of the deal,' which caused the White House to backtrack on its tariff proposals…
US government bonds have traditionally been seen as one of the world's safest assets, and as a place where investors can put their money in times of volatility.
But the sudden fall was one of the clearest signs yet that investors may be beginning to lose confidence in their safe haven status - and an indication of just how much the world's biggest economy was shaken by Trump's tariff plans.
Gasparino claimed that, according to his sources, while Trump was negotiating with Japan, it was dumping US Treasury bonds 'because they believed this was not a great place to do business.
Warning about economic meltdown that forced Trump's hand on tariffs
A Fox Business finance guru has explained why President Trump 'capitulated' on his sweeping tariff plans and had no choice but to U-turn.www.dailymail.co.uk
Bond Sell Off Raises Questions About U.S. Safe Haven Status
As the fallout from President Trump’s global trade war spreads, investors are fleeing what is typically seen as the safest corner.www.nytimes.com
In less than 4 months Trump has damaged the full faith and credit of the United States.
Nations and investors dumping US Bonds is a sign of an economy in serious distress.
Treasury bonds once a safe haven are now considered risky because of Trump’s reckless behavior and policies.
When it all comes out, the nation will be stunned just how close we were to an economic meltdown.
MAGA idiots call this Winning.
August West
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They need to follow the example set by David Koresh and his Branch Davidians or Jimmy Jones in Jonestown.
Godboy
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Now explain why i should take one word of your article and OP seriously? How the fuck would YOU dipshits know a fucking thing about whats happening inside the White House?President Donald Trump was forced to backtrack on his sweeping tariff plans because of a 'fire sale' in the bond market which could have triggered economic meltdown.
Alongside causing turmoil in the stock market, Trump's sweeping tariff plans sparked a major US government bonds sell-off, the likes of which had not been seen since the depths of the Covid-19 crisis.
Experts are saying that it was this, rather than simply the 'art of the deal,' which caused the White House to backtrack on its tariff proposals…
US government bonds have traditionally been seen as one of the world's safest assets, and as a place where investors can put their money in times of volatility.
But the sudden fall was one of the clearest signs yet that investors may be beginning to lose confidence in their safe haven status - and an indication of just how much the world's biggest economy was shaken by Trump's tariff plans.
Gasparino claimed that, according to his sources, while Trump was negotiating with Japan, it was dumping US Treasury bonds 'because they believed this was not a great place to do business.
Warning about economic meltdown that forced Trump's hand on tariffs
A Fox Business finance guru has explained why President Trump 'capitulated' on his sweeping tariff plans and had no choice but to U-turn.
Bond Sell Off Raises Questions About U.S. Safe Haven Status
As the fallout from President Trump’s global trade war spreads, investors are fleeing what is typically seen as the safest corner.
In less than 4 months Trump has damaged the full faith and credit of the United States.
Nations and investors dumping US Bonds is a sign of an economy in serious distress.
Treasury bonds once a safe haven are now considered risky because of Trump’s reckless behavior and policies.
When it all comes out, the nation will be stunned just how close we were to an economic meltdown.
MAGA idiots call this Winning.
No one wants to hear from democrats about any subject. Your party fuckin sucks. Youre fiscally irresponsible, corrupt, and you wrecked the country with lawfare and mass illegal migration.
Shut your dumb fucking mouth. You are a clown.
LeftofLeft
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So the response to global inflation are policies that make it worse? Case in point: Restricting domestic oil companies.
1srelluc
Diamond Member
Winco
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That NEVER happened.
If you believe that Biden restricted domestic oil companies, then provide the evidence.
More Domestic Oil was drilled under biden than trump.
Source: ChatGPT
LeftofLeft
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Price is all the evidence needed. You people site the record production yet prices were much higher than Trump. This isn’t politics… it’s economics. Despite record production, demand was not being met. Biden policies restricted exploration and infrastructure. Global markets responded by producing less which is why Biden Admin needed to go hat in hand to OPEC and Venezuela begging them to produce more.
Marener
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If Trump wasn’t spooked by the bond market reaction, then it’s even worse.
Marener
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Why would oil producers want the price to drop?
Winco
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You do realize that trump negotiated the OPEC+ deal, which decreased production.
This is a TRUMP policy and had nothing to do with biden.
What is OPEC+ and what role did trump play in the deal and how did the deal affect oil production and for how long?
ChatGPT said:
ChatGPT
What is OPEC+?
OPEC+ is a coalition of 23 oil-producing countries formed by the 13 members of OPEC (Organization of the Petroleum Exporting Countries) and 10 non-OPEC oil-producing countries, most notably Russia. It was established in 2016 to coordinate oil production and stabilize global oil markets through collective output decisions.- OPEC members: Include Saudi Arabia, Iraq, Iran, UAE, etc.
- Non-OPEC members in OPEC+: Russia, Mexico, Kazakhstan, and others.
Trump’s Role in the OPEC+ Deal (2020)
In April 2020, amid the COVID-19 pandemic, global oil demand plummeted, causing:- Crude prices to crash (U.S. oil briefly went negative in April).
- A price war between Saudi Arabia and Russia, flooding the market with cheap oil.
Trump’s Involvement:
- Trump personally intervened in negotiations, pressuring Saudi Arabia and Russia to end their price war and reduce production.
- He held calls with leaders like Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin.
- He pledged that the U.S. would contribute to global supply reductions, not by mandate, but through market-driven cuts as low prices forced U.S. producers (especially shale companies) to shut down rigs.
The April 2020 OPEC+ Deal:
- OPEC+ agreed to cut oil production by 9.7 million barrels per day (bpd) starting May 2020 — the largest coordinated oil cut in history.
- Initial plan:
- May–June 2020: 9.7 million bpd cut
- July–December 2020: 7.7 million bpd cut
- 2021–April 2022: 5.8 million bpd cut (tapering down)
- The deal aimed to gradually return oil supply to pre-pandemic levels as demand recovered.
Effects on Oil Production and Market:
Short-Term:
- Oil prices stabilized and rebounded through mid to late 2020.
- U.S. shale production dropped due to low prices but later recovered.
Medium-Term:
- The deal helped prevent a collapse in the global oil market.
- Prices gradually rose through 2021–2022, with Brent crude topping $70–80 per barrel.
- OPEC+ extended the deal with gradual monthly increases to avoid shocking the market.
Long-Term:
- OPEC+ continued coordinating production levels into 2023–2024, adapting cuts and increases based on global economic conditions, energy transitions, and geopolitical issues (e.g., war in Ukraine, inflation).
Summary Table:
| Event | Details |
|---|---|
| What is OPEC+ | 23 oil-producing countries (OPEC + Russia-led non-OPEC) |
| Trump’s Role (2020) | Brokered historic deal by pressuring Saudis & Russians |
| Deal Size | 9.7 million bpd cut starting May 2020 |
| Duration of Cuts | Initial cuts from May 2020 through April 2022 (extended/modified later) |
| Impact | Stabilized prices, rescued oil market from collapse |
| U.S. Impact | U.S. shale slowed temporarily, but market later rebounded |
g5000
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How awesome Trump is destroying your retirement wealth.
Oh, wait. You most likely don't have a retirement fund, so for you this is all some stupid game.
You are one of the dumbest people I have encountered on this forum.
g5000
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Ordinarily, during times of stock market crashes, large investors move their money to US Treasury bonds in what is called a "flight to safety".
This surge in buying causes the interest rate on bonds to drop.
Supply and demand.
However, something odd is going on right now. Interest rates on bonds are rising because demand is reversing. Someone is selling off their bonds, and the demand for Treasuries is behaving counterintuitively.
This is most likely China. The selloff of bonds is happening during our evening hours, which is daytime trading hours in Asia.
When Dumb Donald raised the tariffs on China to 125%, the 10-year Treasury rate jumped from 4.1% to 4.5% within hours.
China owns a lot of our debt, so they can manipulate our interest rates very easily, and it appears they are.
I can hear MAGAs right now saying, "FAKE NEWS!...WHO CARES?...BUT MEXICANS!"
Here's why it matters.
Higher interest rates on Treasuries trickles down to higher mortgage rates, higher credit card rates, higher auto loan rates, higher rates on every type of credit.
Higher interest rates means it cost the US government more to borrow money. And Dumb Donald loves to spend and borrow other people's money.
We have $36 trillion of debt, of which Trump contributed $8 trillion. At some point, investors are going to have doubts as to our ability to pay off our debt, and then we will hit a death spiral as they demand higher and higher interest rates to compensate for that risk.
Right now, China is performing a proof of concept. God helps us all if they decide to wage a full-on bond war.
The bond market plunges as crisis brews
First the stock market crashed, now the bond market is tumbling. This could be really bad.
This surge in buying causes the interest rate on bonds to drop.
Supply and demand.
However, something odd is going on right now. Interest rates on bonds are rising because demand is reversing. Someone is selling off their bonds, and the demand for Treasuries is behaving counterintuitively.
This is most likely China. The selloff of bonds is happening during our evening hours, which is daytime trading hours in Asia.
When Dumb Donald raised the tariffs on China to 125%, the 10-year Treasury rate jumped from 4.1% to 4.5% within hours.
China owns a lot of our debt, so they can manipulate our interest rates very easily, and it appears they are.
I can hear MAGAs right now saying, "FAKE NEWS!...WHO CARES?...BUT MEXICANS!"
Here's why it matters.
Higher interest rates on Treasuries trickles down to higher mortgage rates, higher credit card rates, higher auto loan rates, higher rates on every type of credit.
Higher interest rates means it cost the US government more to borrow money. And Dumb Donald loves to spend and borrow other people's money.
We have $36 trillion of debt, of which Trump contributed $8 trillion. At some point, investors are going to have doubts as to our ability to pay off our debt, and then we will hit a death spiral as they demand higher and higher interest rates to compensate for that risk.
Right now, China is performing a proof of concept. God helps us all if they decide to wage a full-on bond war.
The bond market plunges as crisis brews
Trump didn’t care that the stock market was crashing. Bond yields were the ‘pain point’ that finally got him to pause tariffs
First the stock market crashed, now the bond market is tumbling. This could be really bad.
LAUGHatLEFTISTS
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You hang onto that so you don’t have to face the truth.
g5000
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