U.S. economy shrank 0.3% in the first quarter
This is really the "Biden stagnation" but Trump has made it his own by raising taxes and stifling international trade. So, now Trump owns it.
Notes in the Margin
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Just a reminder that the new PM of Canada used to be head of the Bank of England
New "Canadian" PM Mark Carney has been head of both the Bank of Canada and the Bank of England. The technocracy acknowledges no borders.
Goods shipments to the US are collapsing
But Bessent says tariffs won't cause any supply chain shocks (for some reason.)
Trump to “soften the blow” of the tariffs he imposed
Trump has a great scheme going: impose huge new tariffs (AKA taxes) and then portray a cut on those same tariffs as some sort of generous move.
US Navy accidentally dumps $60mln fighter jet into the ocean
US Navy loses $60 million fighter jet after it fell off aircraft carrier. This brings the total cost of lost aircraft in Yemen up to $270 million since Trump took over.
Liberals win in Canadian election. See results here.
The Liberal Party, led by new Prime Minister Mark Carney, is projected to form a minority government in a dramatic political comeback, defeating the Conservative Party, led by Pierre Poilievre.
The Dominican Republic is still deporting Haitian illegal aliens
Lower income countries like the D.R. often face much higher relative costs than rich countries when it comes to dealing with waves of migrants.
Trump keeps killing civilians in Yemen
US airstrikes on Yemen killed 95 civilians and injured 192 last week. Very little US trade requires the Suez Canal, so this is about subsidizing the State of Israel.
Trump plans to bail out farmers from the effects of Trump’s trade war
Trump's trade war is so successful that he's planning to bail out the farmers who will suffer under the trade war.
