Trending
Sam Stea
Cogan Station
Consider the US Dollar, which was tied to gold before Nixon took us off the gold standard.
Then the Dollar was tied to oil with the petrodollar system.
And, of course, there is always the faith and credit of The United States and steadfastness and legacy of our political system.
What now? Why are prices of everyday goods and services rising with each passing day?
Blame energy, the war, tariffs, deficit spending with the Big Beautiful Bill.
But it all comes down to the Buffoonery of the Trump Administration.
Why, at this time, would any foreign nation or business invest in US Treasuries unless the rate of return reflects this added risk?
Hence the price of borrowing goes up, and everything else.
Let's call this what it is. The Buffoonery Premium.
It's getting worse.