I read Foreigners Own Less US Government Debt. Is That a Good Thing? (Schiff Sovereign) last night just before I turned into a zombie. Not that the news here drove my mind down to mush. Quite the opposite, but the body had enough with being operational.
I can recall discussions with a fellow I used to know, a dedicated follower of the Republican Party, who held the opinion that China could not go to war with us because their U.S. bond holdings would be made worthless.
Now, they are getting out of the U.S. bond market?
Dad is not getting us out of this one.
If we want to make America great again, America needs to get rid of MAGA. No one is looking towards the Democrats to do their duty.
Trump keeps insisting that his tariffs will cause businesses to increase domestic production–to build factories in the U.S. There are a number of false assumptions underlying that prediction, and we are already seeing a drop, not an increase, in factory employment. Hicks notes that the two months of data that became available since Trump’s “Liberation Day” tariffs were announced show that the U.S. lost 14,000 factory jobs.
As he also points out, the slowdown in the economy this year follows a pattern that virtually all economists have identified as an outcome of tariffs–one reason for the global decline in their incidence. He also tells us that price increases due to the imposition of tariffs is not–at least technically–inflation.
The technical name for rising prices during a weak economy is stagflation. And Hicks reminds us that stagflation is “what made the 1970s so miserable.”
About yesterday, I went to the Open Door Clinic; after work, after group (walking across the Payless parking lot, the heat and humidity almost knocked me out). No problems with liver or kidneys. They are setting me up for a check on my heart. (Which was pounding while I walked across the Payless parking lot.) The swelling is going down - some. I am carrying almost 300 pounds right now, although I lost around 3 pounds since last week. The water pills remain in my life. That's all I can tell you.
Coming out of The Open Door Clinic, I got caught in the monsoon. This was the biggest rain we have had in Muncie this year. Flash flooding. A long section of Memorial on the eastside looked like a lake. Several points had me wondering if the bus would get me back downtown.
I got home a little after 4 pm. Then it was back to the humidity. I spent roughly from 5 pm yesterday to 7:30 AM in bed, with a three-hour intermission between 9 pm and midnight. Not very productive use of my time.
I decided I do not feel like I can make it through the liturgy tomorrow, so I called my ride and let him know I would be home recuperating.
I need to get the dishes caught and laundry done and emails answered.
And that is where I am at this time of the day.
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