toilet paper

Tariffs: Some Perspective

It’s easy to quote a simple internet meme and use it to point to Trump’s tariffs to call him an idiot. Thanks to memes, I now know that his list was generated by internet domain, that it’s a formula based on trade balance, that they’re effectively arbitrary numbers, and that it’s all theater. Thanks to a quick glance at my Robinhood account, I can tell that his tariff talk has wiped out a trillion dollars of other people’s money overnight (and, on paper, $200 of mine).

So, yes, I have cause to be irritated at the man. So do you. Fair enough — so far as it goes.

BUT.

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You Don’t Need A COVID-19 Test

…probably.  Yes, one or two of you do, but if so you’re in the hospital right now because you can’t breathe, and so you’re probably not reading this.

Bear in mind:  I’m writing this with a persistent sore throat, bad lungs, and a massive case of paranoia.  It might just be the damned cherry blossoms and the annual pollen dump; it might be the coronavirus.  I have no (more…)

Fear and Loathing: The Plague Market

After opening fifteen hundred points down, the stock market dropped another two thousand.  Consumer goods are up 20% — hoarding toilet paper does some good after all — but the rest of the market is through the floor.

Coronavirus fears, a massive price war for oil, and a certainty among financial wonks that a downturn is due:  All these come together to create a truly nasty couple of days, (more…)