krsal.bsky.social

China Has Overtaken America And Trump’s policies guarantee that we will never catch up

Paul Krugman:
“Rather than acknowledging that the US is in danger of being permanently overtaken by China’s technological and economic prowess, the Trump administration is slashing support for scientific research and attacking education.”
open.substack.com/pub/paulkrug...

Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says The firm said its estimate of additional expensed for companies is probably conservative.

Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says

"The U.S. is two economies. There's an enormous AI boom going on, huge investments, particularly in data centers. If you took that out of the numbers and you just looked at the non-AI parts of the economy, it's basically flatlining. We're on the cusp of a non-AI recession."
-- Me

Singapore Refutes Trump Claim Linking Paracetamol and Autism Singapore’s healthcare regulator said there is no conclusive scientific evidence linking paracetamol use during pregnancy to autism in children, refuting recent assertions made by US President Donald Trump.

Singapore’s healthcare regulator said there is no conclusive scientific evidence linking paracetamol use during pregnancy to autism in children, refuting recent assertions made by US President Donald Trump.

“.. a historic, if dubious, achievement ..”

@dkthomp.bsky.social
open.substack.com/pub/derektho...

PIMCO, on $NVDA $AMD:

“.. It is not clear whether the government can enter into such a revenue-sharing agreement on U.S. exports, since Article 1, Section 9, Clause 5 of the U.S. Constitution prohibits the government from ‘laying taxes and duties on articles exported from any state.’”

Wow. Trump announces he is firing the U.S. Labor Statistics Commissioner for reporting that jobs numbers are weak under his watch.

This is what dictators do.

I've only ever felt the TACO critique was half right.

To my eye, Trump's economic team has much more of a N.A.C.H.O. problem: Never Actually Completing Homework Obligations

Powell: "What we're waiting for to reduce rates is to understand what will happen with really the tariff inflation... everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs, because somebody has to pay for them... some of it will fall on the consumer"

Always.

How now-DHS Secretary Kristi Noem felt about a president potentially federalizing the National Guard one year ago:

left: avg funding for the last decade by the national science foundation (that funds scientific research at american universities)

right: funding in 2025

awarding grants at slowest pace in at least 35 years

-nyt

“.. The Yale Budget Lab have updated their simulations using the 30% tariff on China, .. Bottom line: Still a significant stagflation shock to the US economy.”

- Apollo

budgetlab.yale.edu/research/sta...

Where’s the lie detector? Does a trap door opens up if one clicks yes?

Simple: Growers are indemnified for losses due to depopulated flocks (suffering from bird flu).
Subsidies.

In today’s episode of “Why Didn’t They* Ask AI?”
(*They = Those Who Do Their Own Research)

Source: Copilot (2025). “How long has stock symbol DJT been in bear territory?”, retrieved 10 April 2025.

Trump's morning 'buy' call nets huge returns for those who listened CNBC calculated how much well-known holdings rallied between when Trump posted and session highs.

The whole American stock market is now a meme stock.
CNBC: Trump's morning 'buy' call nets huge returns for those who listened

Rep. Steven Horsford to Greer: "So the trade representative hasn't spoken to the POTUS about a global reordering of trade, but yet he announced it on a tweet? WTF! Who is in charge? It looks like your boss just pulled the rug out from under you. There is no strategy ... is this market manipulation?"

Indeed, no one could’ve predicted.

I predicted this awkward gesture bullshit from the people literally running PR for nazis like a year or more ago.
I thought at the time that it would probably increase Trumps approval numbers with his base.
Boy, was I off.
(On the timing)