03-05-2025, 01:46 PM
I didn’t watch either. It appears that a big US company is buying the port facilities on either end of the Panama canal from the Chinese company that currently owns these facilities at a mutually-agreeable price. And as I understand it, said US company actually had to tell the White House that this was a possibility.
Imagine that - you’d think that the very stable genius and smartest-businessman-ever would have considered that before threatening Panama. Now Panama has to approve the deal. Will they?
The other thing I’ve read about is that Trump’s folks, in the complete absence of good economic news, are crowing about a drop in the 10 year T bill rate (and the following mild drop in mortgage rates). If you’re not a mouth-breather, the former is known as a fairly reliable indicator of an upcoming recession, and the latter likely reflects a disappearance of demand as home sales have tanked (after being up in December).
Imagine that - you’d think that the very stable genius and smartest-businessman-ever would have considered that before threatening Panama. Now Panama has to approve the deal. Will they?
The other thing I’ve read about is that Trump’s folks, in the complete absence of good economic news, are crowing about a drop in the 10 year T bill rate (and the following mild drop in mortgage rates). If you’re not a mouth-breather, the former is known as a fairly reliable indicator of an upcoming recession, and the latter likely reflects a disappearance of demand as home sales have tanked (after being up in December).