Deficit Man

JM Ashby
Written by JM Ashby

(Cartoonist - Stuart Carlson)

In other news, Trump's choice to be the next director of national intelligence, Rep. John Ratcliffe, has withdrawn from consideration for the position.

Meanwhile, North Korea has test-fired short-rage ballistic missiles three times in a single week and Trump very explicitly doesn't care.

Finally, at least some stock traders suspect as I do that Trump viewed the Fed's rate cut as a green light to impose more tariffs on Chinese goods.

  • Ed Moya, chief market strategist at Oanda Corp.
    1. “It is providing a little bit of fuel to his fire in the timing of this escalation. I don’t think anyone is surprised that we’d see a new tariff threat but not even 24 hours after this rate decision, we saw this come out. He wants to see the Fed deliver an easing cycle not a mid-cycle adjustment. The Fed has been very clear that there are a few things would make them deliver rate cuts and a fallout of trade talks with China is going to be very damaging for economic growth and that would warrant the beginning of an easing cycle.”
  • Arthur Hogan, chief market strategist at National Securities Corp.
    1. “That’s the real problem. In large part, nobody on the Fed believes tariffs are good economic policy. But they also know that becoming easier on monetary policy, they were going to embolden trade policy. They didn’t have to wait 24 hours to see the results.”

      “Unfortunately, as we’ve seen with all these other tariffs, they start at 10% and they don’t stop there. And it probably doesn’t help us negotiate. This is like going from a frying pan into the fire.”

    Have a good weekend, folks.

    • Tony Lavely

      One trick pony comes to mind…

    • David Greenberg

      This complete AH is so detached from reality that he is clearly living in an alternate universe. Every Dem in the country MUST vote.

    • muselet

      Fans of the old Warner Bros cartoons may recognize bits of this.

      Enjoy your weekend, all.


    • Aynwrong

      What’s so frustrating about those tweets is that even after Donald Trump is out of office Republicans will still defend him. They’ll just claim some nonsense like “Oh he was just being nice to Kim because why wouldn’t he be? That’s the only way anything was ever going to get done. He didn’t mean it. Stupid liberals.”As though there was ever any chance of anything getting done and as though their country wasn’t utterly humiliated day in and day out by this utter fucking nonsense.


      Great weekend everyone.