Chris Thornton
@cdthorn10.bsky.social
Recently retired engineer with interests in auto racing, music, cycling, investing and IPAs. Unless one is talking about beer, life is too short to be bitter. Any equity mentioned by name is not intended as an investment recommendation.
Definitely the piano version.
September 18, 2025 at 2:51 AM
Definitely the piano version.
Most definitely! It’s the next best thing to riding naked. The other factor is that after getting completely soaked in a rain storm, you’re dry again in about 20 minutes.
August 18, 2025 at 2:00 AM
Most definitely! It’s the next best thing to riding naked. The other factor is that after getting completely soaked in a rain storm, you’re dry again in about 20 minutes.
Ana Popovic is such a talented and honest musician. She’s one of the best female guitarists I’ve seen perform live. You will not be disappointed. There’s a public playlist of my favorite selections by her on Apple Music.
August 7, 2025 at 11:45 PM
Ana Popovic is such a talented and honest musician. She’s one of the best female guitarists I’ve seen perform live. You will not be disappointed. There’s a public playlist of my favorite selections by her on Apple Music.
It’s Thursday! And I’m now confused with the TACO theme.
July 31, 2025 at 6:57 PM
It’s Thursday! And I’m now confused with the TACO theme.
This is a rinse and repeat of 2021. Following supply-chain constraints and two rounds of stimulus, MMT advocates were celebrating the absence of inflation. Then when we saw the first signs of it, the Federal Reserve kept rates low, claiming that inflation was ‘transitory’.
July 31, 2025 at 6:52 PM
This is a rinse and repeat of 2021. Following supply-chain constraints and two rounds of stimulus, MMT advocates were celebrating the absence of inflation. Then when we saw the first signs of it, the Federal Reserve kept rates low, claiming that inflation was ‘transitory’.
Gerard Baker just wrote an opinion piece for the WSJ. "If Trump Tariffs Are So Bad Where's The Recession?"
An overall tariff rate of 20% is similar to Europe's VAT; a national sales tax. That will inevitably slow the economy down. He just has to be patient.
www.wsj.com/opinion/if-t...
An overall tariff rate of 20% is similar to Europe's VAT; a national sales tax. That will inevitably slow the economy down. He just has to be patient.
www.wsj.com/opinion/if-t...
Opinion | If Trump’s Tariffs Are So Bad, Where’s the Recession?
In their rush to emphasize the negatives, economists might have overlooked countervailing forces.
www.wsj.com
July 31, 2025 at 2:55 AM
Gerard Baker just wrote an opinion piece for the WSJ. "If Trump Tariffs Are So Bad Where's The Recession?"
An overall tariff rate of 20% is similar to Europe's VAT; a national sales tax. That will inevitably slow the economy down. He just has to be patient.
www.wsj.com/opinion/if-t...
An overall tariff rate of 20% is similar to Europe's VAT; a national sales tax. That will inevitably slow the economy down. He just has to be patient.
www.wsj.com/opinion/if-t...
One can expect the impact of tariffs to take about as long as the pandemic + multiple stimulus packages took to increase inflation. Economist Diane Swonk estimates it will take 6-8 months for the full effects of tariffs to be felt. The clock has barely started ticking.
bsky.app/profile/dian...
bsky.app/profile/dian...
EU tariff deal provides some sense of an end game on where tariffs will land, albeit short on details.
The rise in tariffs by year end still stunning from below 3% at start of year to close to 20% by yearend.
Markets have been relieved to see an end point in sight but have yet to price costs.
The rise in tariffs by year end still stunning from below 3% at start of year to close to 20% by yearend.
Markets have been relieved to see an end point in sight but have yet to price costs.
July 27, 2025 at 11:02 PM
One can expect the impact of tariffs to take about as long as the pandemic + multiple stimulus packages took to increase inflation. Economist Diane Swonk estimates it will take 6-8 months for the full effects of tariffs to be felt. The clock has barely started ticking.
bsky.app/profile/dian...
bsky.app/profile/dian...
Bessent inadvertently admits that it is the importer that pays the tariff; not the country from which the product is sourced. When you perpetuate lies, eventually you make a mistake and the truth slips out. I think the administration has been promoting that false line just to get Kai rattled.
July 24, 2025 at 9:06 PM
Bessent inadvertently admits that it is the importer that pays the tariff; not the country from which the product is sourced. When you perpetuate lies, eventually you make a mistake and the truth slips out. I think the administration has been promoting that false line just to get Kai rattled.
We think alike! I gave virtually the same reply as you before reading yours. Importantly, Bessent does admit that it is the importer that pays the tariff; not the country from which the product is sourced. Oops!
July 24, 2025 at 8:52 PM
We think alike! I gave virtually the same reply as you before reading yours. Importantly, Bessent does admit that it is the importer that pays the tariff; not the country from which the product is sourced. Oops!
Conclusion! Tariffs ARE paid by the importer. Bessent is correct that the importer can either eat the tariff or pass it on to the consumer. Thus, tariffs will either be a tax on consumers (+inflation) or a tax on businesses (lower profit). Ultimately the market/product will determine the decision.
July 24, 2025 at 8:35 PM
Conclusion! Tariffs ARE paid by the importer. Bessent is correct that the importer can either eat the tariff or pass it on to the consumer. Thus, tariffs will either be a tax on consumers (+inflation) or a tax on businesses (lower profit). Ultimately the market/product will determine the decision.