716 Comments

Champagne for our real friends. Real pain for our sham friends.

Expand full comment
Feb 3Edited

I just hope we can survive this plunge into a global depression thanks to the Twice Impeached, Convicted Felon Moron President.

Expand full comment

Trump is determined to drive us into a Depression, which he will then blame on the Biden Administration. That is the only explanation that makes any sense.

Expand full comment

People use drugs for a wide variety of reasons. All of them seem quite valid to the user. Perhaps the best solution is to focus on mental health care. IF YOU ARE USING FIND OUT WHY. Get help and kick the shit. I've personally known dozens of addicts, and 90% of them have one thing in common today. They are DEAD! This shit will most likely kill you long before your time.

Expand full comment

If fentanyl on US streets is such a problem (and it is), even if -- as claimed -- it's coming from labs in Mexico and Canada, who exactly is selling it in the "heartland". Why don't you focus on US "cartels"?

Expand full comment

Why don't stupid Americans stop using it? The very best way to slow the supply chains is to decrease the demand, drastically. Ultimately, the cartels are not responsible, dumb fukking American drug users are. Americans live in the best place on Earth, so why are they so depressed?

Expand full comment

Just open the borders to fentanyl, and the problem will self-resolve.

Expand full comment

Canada is #1 for oil. #2 and #3 are Mexico and ... wait for it... Venezuela.

Expand full comment

How does placing a tariff on avocados reduce either drug traffic or illegal immigration? Guess I'm just too stupid to understand Trump's 4D chess moves.

Expand full comment

Only in the sense that US demand for avocados has led to organized crime getting involved in the trade. While food export/import has always involved criminal organizations (I was in the avocado export biz in a small way several years ago, and had to figure in the costs of bribes to gangsters both in Mexico and France in calculating export expenses), the huge growth in demand in the US has led to criminals driving out local farmers and indigenous communes that depend on forestry for their survival to take land for more avocado growth... and exploiting the workers to the point that the workers are getting meth to get them thru their shifts.

The one good thing that might come out of the Trump tariffs is that maybe avocado prices here in Mexico will fall... I had to pay 25 pesos the other day for 3 tiny avocados, where I was only paying that for a half dozen good sized ones before. Yeah, the growing season, but also foreign demand this time of year. And gangsters.

Expand full comment

Valid points, for avocados, but do they apply to everything?

Expand full comment

“If you're explaining, you're losing.”

― Ronald Reagan

Expand full comment

Which has grown into "Do unexplainable shit"

Expand full comment

If PAB is so damned concerned about deaths how about a 200% tariff on gun sales? After all firearm fatalities equal the number of opioid deaths and a substantial number of those deaths don't even involve "gun users" as opposed to the overdose fatalities.

But of course that would involve a) an ability on his part to apply reason to any situation and b) possessing empathy, which as he's a certified sociopath is not in evidence.

Expand full comment

Trump cares so much about fentanyl overdoses that he gave his only begotten--that he pardoned Ross Ulbricht, founder of Silk Road, site of more drug trafficking than surely takes place at the Canadian border most days.

Project 2025 has zero to say about treating addiction. Its (and Trump's) only (mindless) response to the drug crisis in this country is to hammer away at the border issue, because putting brown people in concentration camps will surely cure all those addicted to opioids. It only makes sense.

Expand full comment

I'm calling it here and now. Trump is manufacturing consent to invade Canada by the end of his term. What better excuse to suspend elections than a war with NATO?

Expand full comment

Forget about NATO, our new allies are Russia and DPRK

Expand full comment

Even my finance guy us in a quandary about what he's going to do next. It's just my retirement fund, so no I'm not nervous. Much. At 74, there is no time to make up losses and this is what we live on. 42 years of work, pfft! I think he wants to bankrupt all of us.

Expand full comment

I'm recommending all my clients remove their retirement money from market driven accounts. Fixed interest accounts are up to about 4% That's where to be. A 4% solid gain is better than a potential 30% loss.

Expand full comment

All of this, really all of it, tariffs, freezes etc., will have exemptions. Meted out by Trump in exchange for something. It is about inventing new instruments for him to manifest his power and influence by essentially creating a new set of assets that benefit him. It's full on gangsta.

Expand full comment

I don't get why tariffs are also reacted to with tariffs. That does nothing but hurt your own people. Instead you should move the balance of your market. If I sell 25% of my widgets to country A 15% to country B 10% to country C and 50% to country D, then if country D implements tariffs I should see if I can convince countries ABC to increase how many widgets they buy. Maybe with a discount smaller than the tariff percentage.

Let's say we're talking about a 30% tariff, so shipping to country D is now 30% more expensive, meaning about quarter less widgets will be ordered from D (just an example number, I know the economics doesn't actually work like that, mostly because economics is not a science and has no working predictive models).

I can put tariffs on country D's export of apple cider, but that doesn't affect how many widgets get shipped there. I repeat: The number of widgets sold to country D will not change because of tariffs on an unrelated product.

If instead I convince countries A, B, and C to increase their widget use with a discount so each buys 20% more, then I can sell the widgets that D doesn't order anymore to ABC leaving the supply chain intact at the cost of a small discount. Now A buys 30%, B buys 13%, C buys 12%, and D buys 37.5% for a total of 92.5%. So the hit to the supply chain is much less and I am now less dependent on a single country.

Expand full comment

Trump is the potus equivalent of a simple-minded surgeon with no formal training who operates with dull, rusty instruments and small, unskilled hands.

Bullying all our trade partners with tariffs you don’t understand is going to further isolate the US. Trump fundamentally misunderstands tariffs the same way he misunderstands everything else, especially our nation’s vital need for affordable energy from Canada and other nations. We also import almost everything else from China, including tons of technology. We are importers. We sent away much of our manufacturing over the past 40 years for more robust profits, a shortsighted move that is and will continue to backfire, as we fall victim to trade imbalances exacerbated by Trump. Governance by threats, bullying, spite and rage. Trump’s first term felt marked by much stumbling and incompetence, and large chunks of time devoted to the tax heist for the rich, the failed murder of Obamacare, and lots of golf. This term feels far more destructive.

Expand full comment

The man is a sociopathic moron - his answer at the Economic Forum in front of an economist who corrected him in real time as to his lack of understanding of basic economics just shows how he doesn't use reason at all, he is all id and domineering emotional response and unburdened with "weaknesses" like compassion or morality.

I'm actually guardedly pleased that he's screwing the pooch right out of the gate, if the economy crashes immediately and people suddenly lose all of the things that they took for granted ("KEEP THE GOVERNMENT AWAY FROM MY SOCIAL SECURITY!!11!1!") because they thought that electing this asshole was going to be business as usual except way more racist then maybe they will learn something.

But then again these people are as warped as he is so probably not.

Expand full comment

When things crash, Trump will blame the Deep State, the Democrats, Biden, Obama, Clinton . . . All the usual suspects.

Expand full comment

The markets have acted right in line with the idiot, who bankrupted multiple businesses, pressing all the new shiny macro economy buttons wondering which one will reveal the 'triple bells'. The toddlers are back in charge! Look out America, Europe, Asia, Australia, Greenland, Mexico, Canada .............

Expand full comment