IMO, Trump’s pay-to-play system is miscalculated and only works if the rest of the world remains status quo. His brand and strategy take a hit if he’s demonstrated to be globally impotent. The free world would do well to take a page from his book and explore broad economic coalitions.

Trump's strength comes from his image and his support. He intuitively understands that power comes from coalitions and he’s crafted an image to cultivate that support. IMO, a good way to weaken both is through economic feedback.

I’m pessimistic that there’s a direct/timely way to stop the carnage. Integrity of law is hard to maintain without the capacity to enforce. When the enforcers are the ones committing the crimes it seems like the options are limited. But I do believe there could be indirect strategies.

It's a multi-year window. The US has > $36T in debt. Of that, $28T will be rolled over the next 4 yrs. Over the next 2 yrs there's also a wave of corporate refinancing. They need rates to come down but can they sell low rate treasuries with an unstable economy and a dictator in office? Not so sure.

The Treasury has a f* ton of debt to refinance coming up and Wall Street does too. If Trump gets rid of Powell, watch what happens to rates.

Doge cut the DOE balancing authorities at Tennessee Valley and Bonneville Power too and those are self-appropriated. Still don't understand what they think they're achieving. Didn't save anyone anything.

So the person conducting a not-so-covert takeover of US infrastructure left his own servers exposed for target practice? Super.

Another paper worth reading here but I actually think both understate what's actually happening: link.springer.com/article/10.1...

$Copper as well showing constructive price action. #copper, #HG_F, #SCCO

$Silver also close to a breakout above $32.5. #silver, #SL_F, #SLV

It's a building system which is typically categorized as a "major unit of property" in government accounting and capitalized as part of the building itself. If you are improving the HVAC then it's more nuanced as accounting treatment depends on expansion of functionality.

I hear you. This is part of a scan I did this evening. I start with the charts I like and drill down from there.