Charles Mackay
charles-mackay.bsky.social
Charles Mackay
@charles-mackay.bsky.social
Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. Memoirs of Extraordinary Popular Delusions - 1841. DMs about posts ok, no crypto or other $ solicitations
Reposted by Charles Mackay
New - Elon Musk aides lock government workers out of computer systems at US agency, sources say www.reuters.com/world/us/mus...
Exclusive: Musk aides lock government workers out of computer systems at US agency, sources say
Aides to Elon Musk charged with running the U.S. government human resources agency have locked career civil servants out of computer systems that contain the personal data of millions of federal employees, according to two agency officials.
www.reuters.com
January 31, 2025 at 8:07 PM
Reposted by Charles Mackay
I don't think we're actually going to get record tariffs on our largest trading partners in 10 days because all the businesspeople in his orbit would sooner rip the pen out of his hand, but it's *clearly* one of Trump's personal goals and I expect some actual CA/MX tariffs soon
January 21, 2025 at 2:44 AM
Reposted by Charles Mackay
Trump’s Day One Tariffs: Americans Could Soon See Prices Go up

https://www.byteseu.com/663766/

Trump has indicated he wants to put tariffs in place on his first day in office. Trade policy experts told BI he could do so using a national emergency trade law. While it’ll take time for tariffs to …
Trump's Day One Tariffs: Americans Could Soon See Prices Go up
Trump has indicated he wants to put tariffs in place on his first day in office.Trade policy experts told BI he could do so using a national emergency trade law.While it'll take time for tariffs to actually go into effect, Americans could see price increases quickly.New tariffs are looming with President-elect Donald Trump about to take office — and Americans could see the impacts soon after.Over the past few months, Trump has suggested a range of tariff proposals related to key trading partners with the US, including China, Mexico, Canada, and the BRICS nations. Trump's largest target has been China,
www.byteseu.com
January 18, 2025 at 6:13 PM
More disinformation on the effect of imposing large new #tariffs. Yes, this will "reshape the global economy", but even the adviser "making the case" sees potential dire consequences.
To serve as an economic adviser to Trump, it helps to share his belief that tariffs make the U.S. richer. Stephen Miran makes that case, Greg Ip writes
Trump’s New Economist Makes the Case for 20% Tariffs
Stephen Miran, nominated to advise Trump, has suggested high tariffs could be the price allies pay for U.S.’s defense umbrella.
www.wsj.com
January 13, 2025 at 4:00 AM
This is just the beginning of a great wave of disinformation.
#tariffs

Jamie Dimon Says Tariffs Can Help Resolve Competition, Security Issues
shorturl.at/g8mlI
Jamie Dimon Says Tariffs Can Help Resolve Competition, Security Issues
JPMorgan Chase & Co.’s Jamie Dimon said that tariffs, if properly used, can help resolve issues such as unfair competition and national security.
www.bloomberg.com
January 12, 2025 at 7:09 PM
Reposted by Charles Mackay
Trump at it again talking about the virtues of tariffs.

Two key papers: Diamond-Mirrlees Atkinson-Stiglitz, establish conditions under which tariffs should not be employed and show the income tax is a great tax.

Or read @pkrugman.bsky.social Pop internationalism!
January 2, 2025 at 3:03 PM
For anyone expecting a smooth transition to a functioning new Congress on January 3, well, ...
Wow. Days before the election for Speaker of the House, Trump crushes Mike Johnson. ETTD.
December 30, 2024 at 1:37 AM
NEW: Trump's tariff threats are setting off a global supply chain "freakout" that’s leaving companies prone to bottlenecks — and more vulnerable to economic shocks. Read The Big Take here
Trump’s Tariff Threats Are Setting Off a Global Supply Chain ‘Freakout’
US and European companies are frontloading orders and weighing price hikes while Chinese factories hunt for buyers elsewhere
www.bloomberg.com
December 27, 2024 at 2:33 AM
Reposted by Charles Mackay
Trump’s tariff proposal could add about $3,000 to the average cost of every car sold in the U.S., according to a Wolfe Research estimate. 

That’s a trump tax of 10% plus hike for the bottom one third of new cars sold in the US at $30,000 or less.

www.wsj.com/business/aut...
Trump’s Tariff Plan to Hit Affordable Cars the Hardest
The U.S. car industry has a “big case of anxiety” about the president-elect’s proposed 25% tariff on imports from Mexico and Canada.
www.wsj.com
December 26, 2024 at 2:36 PM
Plus the award for the most unexpected follow goes to Isla Dawn of the WWE (wrestling), who's pictures are below.

@isladawn.bsky.social
December 24, 2024 at 5:46 PM
Happy Holidays! Thanks everyone for following!
Special thanks to the following market professionals:

@eleriann.bsky.social
@biancoresearch.bsky.social
@perksoflilly.bsky.social
@1lizannsonders.bsky.social
ky.social
December 24, 2024 at 5:42 PM
Reposted by Charles Mackay
Another reason to think Trump is not bluffing on tariffs. Next stop inflation redux?
new Trump head of the Council of Economic Advisors btw
December 22, 2024 at 11:32 PM
Reposted by Charles Mackay
VP elect Trump’s policies are going to jack up inflation like RFK Jr. on raw milk and heroin. Brace yourselves. #TurdReichRedux
www.washingtonpost.com/business/202...
The Fed begins to weigh how Trump policies could fuel inflation
The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence inflation in 2025.
www.washingtonpost.com
December 22, 2024 at 1:45 PM
Reposted by Charles Mackay
Reposted by Charles Mackay
There’s a lot of “rushing”, “stockpiling” and “scrambling” going on.

#tariffs
@wsj.com
@washingtonpost.com
December 19, 2024 at 6:49 PM
Reposted by Charles Mackay
Has anyone on the right explained how deporting millions of workers and making people pay more for imported consumer goods will improve the economy they claim is so bad?!
December 19, 2024 at 11:05 PM
Reposted by Charles Mackay
Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession, sector experts said reut.rs/4gCq27j
Trump tariffs endanger struggling US trucking industry, experts say
Tariffs threaten growth in U.S.-Mexico-Canada trade, experts warn.
reut.rs
December 15, 2024 at 3:05 PM
Reposted by Charles Mackay
Christopher Foote said the possibility of tariffs have driven him to “go all out” for items he has had his eye on. The 35-year-old software consultant said he has spent more than $12,000 on new devices since Election Day… www.wsj.com/economy/tari...
Americans Are Stockpiling to Get Ahead of Tariffs
Some consumers are snapping up computer parts, vacuum cleaners, coffee and olive oil before the levies take effect.
www.wsj.com
December 14, 2024 at 9:47 PM
Reposted by Charles Mackay
Mexico makes 88% of America's pickup trucks and 80% of our import beer. www.washingtonpost.com/world/2024/1...
From beer to barley: How Trump’s tariff threat could affect your wallet
Donald Trump’s threat to hit Mexico with tariffs could raise prices on a surprising number of foods and drinks Americans love — from beer to berries to broccoli.
www.washingtonpost.com
December 3, 2024 at 3:03 AM
Front-running

What is front-running? In finance terms, Front-running is trading stocks, etc., on the basis of some advance knowledge or event, that is expected to influence the price of the stock, etc. The term front-running could also be applied to buying consumer goods, etc., with knowledge of
December 3, 2024 at 2:59 AM