Crawfishing down here in Cajun land means the same thing as ‘waffling’….in other words a back track on stated policies.
It has been said because of Donny’s idiotic ideas the Stock marker had its worst week since the depression….with his moronic tariffs and his attacks on the Fed chair his Fat Cat buds were losing money as quickly as they steal it….something had to be done to avoid a collapse….
Enter the ‘stable genius’ to crawfish on his tariffs and other idiotic ideas….
President Trump said Tuesday that the hefty tariff rate on China will significantly be reduced after he negotiates with Chinese President Xi Jinping, expressing optimism about a trade deal.
“145 percent is very high. It won’t be that high, it’s not going to be that high … it won’t be anywhere near that high,” Trump told reporters in the Oval Office. “It will come down substantially, but it won’t be zero.”
The overall tariff level imposed on China is 145 percent, which remained in place after Trump delayed the “reciprocal” tariffs on other trading partners for 90 days and reduced them to 10 percent.
“We’re going to be very nice. They’re going to be very nice, and we’ll see what happens. But ultimately, they have to make a deal, because otherwise they’re not going to be able to deal in the United States,” Trump said, referring to China.
He cited his relationship with Xi as his reason for being optimistic about a deal. The White House said earlier Tuesday that it was “setting the stage for a deal with China,” seeking to reassure nervous financial markets and investors that progress with Beijing could be imminent.
https://thehill.com/homenews/administration/5261948-trump-optimistic-china-trade/
As usual he, Donny, had to keep his butt buddies happy so he did what he does best…. ‘crawfish’……
US stocks rose Wednesday as a worldwide rally came back around to Wall Street.
- The S&P 500 rose 88.10 points, or 1.7%, to 5,375.86 after President Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war.
- The Dow Jones Industrial Average rose 419.59 points, or 1.1%, to 39,606.57.
- The Nasdaq composite rose 407.63 points, or 2.5%, to 16,708.05 .
Treasury yields also eased in the US bond market after Trump said he has no intention to fire the Fed’s chair and that his tariffs in imports from China could come down, the AP reports. Stocks also rallied across much of Europe and Asia.
Big Tech helped lead stock indexes higher. Nvidia rose 3.9% to claw back more of the sharp losses it took last week. The chip company’s stock was the single strongest single force lifting the S&P 500. Vertiv Holdings, which traces its roots to the industry’s first manufacturer of computer room air conditioning, jumped 8.6% after reporting stronger profit and revenue for the latest quarter than analysts expected. It said it’s continuing to see accelerated demand from AI data centers. Super Micro Computer, a company that makes servers used in AI, leaped 7.6%. Tesla, which reported a big drop in profits Tuesday, revved 5.4% higher after CEO Elon Musk said he’ll spend less time in Washington and more time running his electric vehicle company.
Trump said late Tuesday that he has “no intention” of firing the head of the Federal Reserve. Trump had been angry with Jerome Powell, calling him “a major loser,” because of the Fed’s hesitance to cut interest rates. Trump’s tough talk frightened investors because the Fed is supposed to act independently, without pressure from politicians, so that it can make decisions that may be painful in the short term but are best for the long term. While a cut to interest rates by the Fed could give the economy a boost, it could also put upward pressure on inflation. Economists say Trump’s tariffs are likely both to slow the economy and to raise inflation, at least briefly
Are you getting an idea how this game is play by Donald the Orange?
For now all is right with the markets they can go back to their manipulations and thievery.
And as usual none of this helps those families that are struggling to survive from having to be living out of the cars (if it has not been repossessed).
Is this what you voted for last time around?
I Read, I Write, You Know
“lego ergo scribo”
Back tracking or negotiating , making adjustments, give and take, modification all part of making a deal. US leadership has done very little
for decades and accepting the kick in the ass in trade. Trump is confronting this self imposed meek submission to the nations. He’s not asleep and the world knows he pays attention. One fake news media characterized Trump’s well-planned manipulations as “he panicing”. Not at all. Self corrections may be needed as the environment changes with what may work or may not. We shou;ld be applauding the effort and note final settlements will be very very different than the atmosphere of the present. Another democrat said “he wrecked the economy”. Huh ? Four years of Biden and democrats has left me with a 30% drop in purchasing power of my fixed income. Why weren’t they enraged by that all along as the retirement security of millions was wrecked ? OH and “Donald the Orange”. What we had was “Biden the Lemon”.
None of this waffling would have happened if his buddies on Wall Street were not taking a bath….geez Carl….you cannot keep blaming Biden…personally I thought he was a dud for decades….I cannot stand conservatives but it is not all their fault….the Dems have let this happen. chuq
Musk might have left it too late to save Tesla. His car sales are taking a nose-dive in Europe. I’m not sure it is the time he spent at DOGE though, more likely the Ketamine he takes every day. The man looks like a zombie sometimes.
Best wishes, Pete.
Tesla is bought by the very same people he is screwing….his arrogance keeps getting in the way. chuq
Tesla is probably unsavable. The damn things explode in mid drive, they catch fire, they just don’t WORK…I never could stand that smirk. I think it’s painted on…
The observation here paints a vivid picture of political and economic maneuvering, with President Trump’s policy shifts—described as “crawfishing” in Cajun parlance—serving as a pragmatic retreat from his initial hardline stances on tariffs and Federal Reserve criticism.
This backtracking, driven by the need to stabilize jittery financial markets and protect the interests of his wealthy allies, reflects a broader pattern of prioritizing short-term market confidence over consistent policy principles. The stock market’s swift rebound, with the S&P 500, Dow, and Nasdaq posting significant gains, underscores the sensitivity of investors to Trump’s rhetoric and the relief brought by his softened tone on China tariffs and Fed independence. Big Tech, AI-driven companies, and even Tesla benefited from this pivot, highlighting the market’s reliance on sentiment and policy signals over fundamentals.
However, this episode also reveals a deeper disconnect. While markets rally and corporate interests are placated, the underlying economic pressures—exacerbated by inflationary risks from tariffs and uneven monetary policy—continue to squeeze ordinary families, ordinary families who are still waiting for the promises made during the campaign that prices would fall and wars would end (none of which has happened to any degree) .
The reference to struggling households living out of cars points to a stark inequality: the benefits of market stabilization accrue to the elite,(Which is nothing new in America) while structural issues like affordability and economic precarity remain unaddressed.
Trump’s “stable genius” approach, as described, seems less about strategic foresight and more about reactive improvisation to protect his inner circle’s wealth, leaving systemic inequities to fester.
The good news is that he seems to be pliable and may not be as hard-line as he wishes to be after all. That might be a good omen.
Prognostically, this pattern suggests a volatile economic trajectory. But the American economic trajectory has always been volatile so there is nothing to see here.) —- Trump’s willingness to “crawfish” may avert immediate crises, but it risks eroding trust in policy consistency, potentially spooking markets again if his rhetoric swings back to populism.
The rest of the world is already deciding that American investments (Investing in America) might be an exercise in pissing in the wind….
The optimism around a China trade deal could falter if negotiations stall, and the Fed’s independence remains a flashpoint if political pressures resurface.
For the broader population, the lack of focus on structural relief—housing, wages, or cost-of-living measures—means continued hardship, potentially fueling social unrest or political backlash. (Which, without elaberation, would mean absolutelyu nothing at all.) —- The game, as played, keeps the markets humming for now, but the costs of this high-stakes balancing act are likely to compound, especially for those already on the margins.
The whole convoluted mess could result in a repeat of the Great Depression of the 1930s and some experts are already talking about this. Just a matter of time.
And all the time he plays golf…..illustrates what a complete moron he really is….’stable genius’ my ass chuq
“145 percent is very high. It won’t be that high, it’s not going to be that high … it won’t be anywhere near that high,” Get that? It’s very high … but not that high … etc., etc.
In other words …
In other words….he has NO idea what he is doing. chuq