And clearly dangerous. You start a cascade of actions that trigger uncontrollable reactions and the possibility that things economic, or political, spiral completely out of your control is all too real. It will affect change, but highly likely not the change you want.

Is Senator Murphy's analysis of the tariff policy in his BlueSky thread from last week. Tariffs have limited value as economic policy, but they have a lot of value if you are an authoritarian trying to seize control of the entire economy. As more market participants are reaching the same conclusion that Murphy did, they are moving more and more assets out of a market that appears to be lurching to authoritarianism.

And in smart hands and used judiciously it may actually get some worthwhile things done but the rough shod way this is being handled, with no game plan to deal with consequences and reactions that will be totally beyond Trump or US control, is as one former WH official noted== "malpractice".

...based almost solely on the trust in our democratic institutions and our stable financial system--both of which they have eagerly destroyed in their lust for the power to be mean to anyone they have decided to hate.

What they also fail to understand is that there are other pretty reliable actors like the EU ready to step into that void; many of those countries--like Denmark for example--having fairly recently in world history played a large roll at the forefront of trusted economic and political systems. The U.S. had worked hard to get to a position that was so easily taken for granted and discarded so quickly.

The U.S. was the financial center of the world because the world decided the U.S. should be the financial center of the world. There are other markets that can fill that role.

Once this status is gone for the U.S., it is gone forever, and we will all be poorer as a result.

Republicans…the ones that could actually turn this around sit f..king idly by. Total cowards

and will continue to do so as long ash chaos prevails in the WH.

aka, we in deep shit.

Both positions, long dollar and long U.S. treasuries, are hard to unwind if they are made in any size, and they will take time to find alternatives. The business media speaks as if these changes are reactions to specific news events, when they seem to me to be long-term reallocations of assets away from the U.S. dollar. There is a lot of room for both the dollar and U.S. Treasuries to continue to fall.