Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.
“The fear is the U.S. is losing its standing as the safe haven,” said George Cipolloni, a fund manager at Penn Mutual Asset Management. “Our bond market is the biggest and most stable in the world, but when you add instability, bad things can happen.”
That could be bad news for consumers in need of a loan — and for President Donald Trump, who had hoped his tariff pause earlier this week would restore confidence in the markets.
Like news headlines are just “no shit” at this point. Like we’ve known this king before you made a shitty headline about it. Next is gonna b “Trumo mightn’t have our best interests in mind…”
There’s a story floating around that Canada’s PM, Mark Carney, may have initiated this threat so that Trump would back off on his tariff escalation.
I saw this synopsis a little bit ago and I thought it was a pretty good short description
If that’s true that’s actually comforting, not only are there smart people building defenses, but they’re able to rein trump in.
Everyone is smarter than Donald. Even the people in his cabinet are morons.
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“The fear is the U.S. is loosing its standing as the safe heaven” ? Looking at it from the E.U., it’s already gone with no going back. The U.S. looks more and more like a self destructing failed state, that only needed a little nudge from foreign troll factories.
Can’t believe the president who has repeatedly floated the idea of defaulting on government debt to save money would provoke this response.
Fuck these headlines
Ya think? This is the end of American Hegemony.
All it took was electing one spoiled rich asshole with an inferiority complex.
And hundreds of congresspeople to support his actions, and a previous string of spoiled rich assholes long enough to appoint a supermajority of spoiled rich assholes to your supreme court.
This shit-show has been a long time in the making.
Excuse me we elected him twice.
But he didn’t happen by accident, he’s the result of mind-numbing, stubborn, continuous anti-intellectualism people have reveled in in their idiotic decadence for years now.
Also one of the dumbest motherfuckers, if not the absolute stupidest, to ever sit in government.
Literally the moment Trump won I pulled all of my investments off of the stock market.
I just knew shit will hit the fan. Here I am not losing 10% of my savings because of the crazy cheetos man and his crazy stupid nazi sponsor
For now… Only a matter of time until this trickles out from stocks and into salaries, prices, benefits, etc
If ya’ll want another layer of irony to all this:
George Soros initially rose to general public fame/infamy with large bets against British Pound in 1992, that effectively defeated the Bank of England’s attempts to stabilize the currency, resulting in its devaluation, and something like a billion $ profit for Soros.
Fast forward to now, and Trump supporters have spent the last 5 or 10 years acting like Soros is secretly the most underhanded and influential ‘world controller’ bogey man that exists, and they blame everything they don’t like on being funded by him… despite pretty much all of his charities and funds and causes he donates to being publically available knowledge… and despite Soros being a fairly small fish in the modern ocean of much, much more wealthy and infuential corporations and individuals.
… So, now, Trump very well may have done basically the same thing as what Soros did 3 decades ago: force the devaluation of the USD and cause economic mayhem, but… at a much, much larger scale than Soros did.
The Trump supporters have utterly and entirely lost their own plot, that they themselves mostly fabricated.
Soros gets blamed not because he is a democratic billionaire, but because he’s a [[[certain kind]]] of democratic billionaire.
accidentally drops my latkes on the floor
Wait, what ever could you mean?
After the fall of the USSR he was a major funding source for anti-corruption and pro-democracy efforts that disempowered Russian interests in several countries. White supremacists sharing Russian propaganda back then is where the conspiracy theory started, at least in the US.
His charities helped a lot of liberal politicians in Eastern bloc states start their careers by providing education and funding.
Including one Viktor Orbán.
That’s not really on him personally though, as much as I can’t stand Orbán. Presumably some of those other people went on to become doctors, teachers and so on as well.
Yeah, sure, Orbán was a really bad hire, he was an opportunistic megalomaniac way back then. One of his classmates described him getting sad upon learning that only US-born citizens can be nominated for POTUS, as he felt bad about any limit being put on his ambition.
The grants were specifically for politicians, there was no shortage of doctors or teachers relatively speaking back then, that is a more recent development.
But back to the topic, it is very hard to build democracy in a country where previously there was no real history of it, and it is especially hard to do it from across the pond. I am not blaming Soros for Orbán, but I do wonder how his other protegés turned out.
I don’t necessarily disagree with you, but I’ve never read anything else like what happened in Hungary.
I’m Finnish, and they almost rat-fucked us and Sweden out of joining NATO for (private) pocket change from russia, so I hear ya and agree about Órban. I do however doubt that fucking up NATO and the EU was Soros ambition back then.
Because Elon said it… now you got uneducated MAGA saying, “yeah! Yeah! The billionaire is right. He’s for us.”
Let me tell you another irony.
Scott Bessent, Trump’s Treasury Secretary, worked for George Soros, and was one of the key architect for the attack on British Sterling. Go read the wikipedia on Bessent if you don’t believe me.
Because every accusation from them is a confession. They didn’t yell at Soros because they hated what he did, they were just jealous.
I sold 98% of mine.
now I’m diversified across Europe and Asia.
not great, but what choice do I have?
There’s a reason for that. Maybe if all those well-off bankers hadn’t thrown in with trump in hopes of deregulation their portfolios would still be slowly climbing up with the DJIA under a democrat instead of flopping around like a fish out of water under trump.
Art of the Deal, ladies and gentlemen! You just don’t understand!
I mean they voted for a criminal. So yeah.
I know that my quality of life is likely to tank in the coming years, and if it doesn’t it is because I got lucky where others didn’t, but damn is it hilarious seeing how fucking stupid centrist business bros and tech people are in the U.S. right now, they are JUST NOW realizing the boat is sinking, when only half of the boat is still above the water… it is fucking hilarious honestly and I don’t take joy in this happening, I mean I do, but I am not happy it is happening I am rather so sad that if I don’t laugh about it all I will do is cry.
Fading? Shit’s gone, dog.
They mean the rich fucks. Not me and you.
Shoots market in the dick
“Don’t worry folks, all part of the plan”
Puts badges on market
“There, good as new”
