@peterschiiffs.bsky.social
Chief Economist & Global Strategist.
As Trump continues his nonsensical trade war, know the truth: tariffs aren't paid by other countries.
They're eventually paid by us at the checkout line.
According to a new report, defense contractors like Lockheed Martin, Boeing, and Raytheon have raked in over HALF of Pentagon spending since 2020.
Trump's new $1 trillion annual DoD budget will pad their pockets even further as he cuts the social safety net.
War is a racket.
Remember this the next time the undocumented are called "freeloaders." [Via @_itep]
11.06.2025 21:06 — 👍 532 🔁 199 💬 13 📌 10@rugbyclimate.bsky.social thank you
18.05.2025 13:22 — 👍 1 🔁 0 💬 2 📌 0Tonight, Amazon, the last hyperscaler who could cut back on capex reports. The last of the Nvidia gauntlet.... All the others have committed to massive spending on Nvidia's platform
03.03.2025 12:59 — 👍 3 🔁 0 💬 9 📌 1Jensen looked he was having a terrific time. He announced so many new products hard to keep up. I imagine there will be people who say "what's that all about." But remember Nvidia is a company that powers OTHER companies.
03.03.2025 12:57 — 👍 1 🔁 0 💬 0 📌 0People were looking for Nvidia's Jensen Huang to give a big keynote this evening at CES but weren't thinking partner (and Apple supplier) Hon Hai would have such big numbers. But will the bears come in to knock it down at the opening saying we already knew this (when we didn't)?
03.03.2025 12:57 — 👍 2 🔁 0 💬 0 📌 0
