Reward Friends, Punish Enemies
Tariffs can be used in a variety of vain and foolish ways — to promote foreign policy goals, to influence other countries’ internal politics, to raise drug cartels’ profits, to pay off big donors.
The Daily Reckoning Australia
The Parts are Wearing Out
Last year, we worked with a grandson and framed out a studio apartment in one of the barns near the house. We didn’t really need another bedroom, but it was a fun project.
The Grammar of a Scandal
‘How to make an airplane totally invisible’…began a post from Elon Musk.
There followed a picture of a fighter jet with Jeffrey Epstein’s client list stuck to it.
L’Affaire Epstein refuses to die.
How to know when AI has triggered its own self-destruction
AI is about to destroy itself in the strangest way: by pointing out there’s no need to advertise a product to people who already have it.
What Happens Next
It’s not hard for us to imagine what might happen if Donald Trump were to have direct control of Fed policy. He’s already said the Fed should cut rates by 300 basis points.
Trade Squashing
Now we’re going in the other direction…squeezing off trade as if we were kinking a garden hose. And for reasons that often have little to do with trade itself.
