Just One Thing: When will Trump cave on trade wars?
You know that I sold a decent percentage of my holdings in stocks about a month ago when it became 100% clear to me (it was already 83% clear) that President Trump's interest in tariffs was NOT exclusively, not even primarily, as leverage to get other countries to lower their trade barriers. It's a cover story. He likes tariffs because he equates trade with being ripped off (which is ridiculous) and, I suspect, I likes the ability to impose a massive tax hike without admitting that's what he's doing. Wish I'd sold even more aggressively, of course, but at least I sold some. In the past few weeks, the S&P is down about 8% and Nasdaq down about 13%. At some point, Trump voters will lose patience because the economy was supposed to be his strong suit.
And do you think a Republican will win a close race in Michigan if this doesn't stop?
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Today's Guests
My good friend Kurt Cambier, proprietor of Centennial Capital Partners, joins us to talk about the stock market and the economy.
Financial Planning Services | Centennial Capital Partners
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Other Stuff
Wait...what?!? Southwest Airlines will charge for checked bags for first time
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Seriously, I can't believe Faith Winter was (or still is) in the Colorado State Legislature. I can count on one hand (or maybe no hands) the number of times that she's done anything useful. Check out this bill that she's sponsoring: Peace Officer Questions During Traffic Stop | Colorado General Assembly
And this is even more insane: Health & global warming stickers on fuel pumps bill pending | News | denvergazette.com
Increasing Transparency Impact of Fuel Products | Colorado General Assembly
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We'll talk about this with a great lawyer/professor later in the week, but here's Andy's opinion: Legality of Trump Deporting a Green-Card-Holding, Pro-Hamas Columbia Grad | National Review
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Take a hike: Hikers can once again access Mount Lindsey after the 14er’s multi-year closure
Privately owned Mount Lindsey is now open - The Monte Vista Journal
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Stuff about food in Colorado: Cracker Barrel opens new location in Denver, Colorado | Food, Dining & Beer | denvergazette.com
I wish entrepreneurs success. I struggle to understand why this was ever thought likely to be successful but I also realize I'm not the target audience. Meati Foods scrambles to prevent shutdown, laying off 150 people - Denver Business Journal
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Imagine if courts rule that Khalil can't have his visa revoked or be deported. He'll become a poster child for the antisemitic, pro-terrorist wing of the anti-Trump "resistance":
Judge says Palestinian activist Mahmoud Khalil can't be deported as protesters call for his release
Related: This can go too far and probably already is, despite the temptation toward schadenfreude: Fearing Retribution, Trump Critics Muzzle Themselves - The New York Times
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Note the split among circuits on whether banning “conversion therapy” is a restraint on professional conduct or on speech: 24-539 CHILES V. SALAZAR
2 Biden appointees from Colo. at center of SCOTUS appeal | Courts | gazette.com
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Elon, this is not OK: Elon Musk calls Mark Kelly a traitor over his support for Ukraine
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Don't take my sharing this article as support of taking drugs. I don't take drugs, never have. That said, I also believe adults should be able to do what they want to with their own bodies as long as they're not harming others (such as by driving under the influence): MDMA may have protected Nova attack survivors from trauma, study suggests
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I didn't get to this yesterday: Men fall in love almost twice as fast as women, new research reveals — here's how quickly it happens
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Frankly, this makes my brain hurt; I don't understand the political machinations in Woodland Park, but it sure does seem dysfunctional: Woodland Park city council kills school funding sales tax | News | gazette.com
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Wow (in a bad way): US-Flagged Oil Tanker 'Stena Immaculate' In Flames Off UK After Collision
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I think tariffs were as much a catalyst for an overdue sell-off as they were a cause for a sell-off, but they are both. Tariffs will reduce the profits and value of far more companies than they will help. That said, Charlie definitely has a point that a bigger short-term issue for GOP is the reduction in federal spending that I hope we continue to see. Economist Brian Wesbury attributes nearly have of recent GDP growth to gov't spending, which is the least efficient spending. Withdrawing that spending will put short-term downward pressure on consumer spending and probably on stocks but in the long run will add to the productivity of the economy and be a significant net gain for the nation fiscally and in terms of getting government off our backs.
Ignore the stock market -- Wall Street dealing with painful detox from government spending addiction
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News was last Friday but I didn't mention it, so... Judge rejects Denver Public Schools’ attempt to block Trump ICE guidance - The Colorado Sun
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I mostly don't feel sorry for them: Semafor.com: House GOP spending bill could let student loan debts go unpaid
Number of borrowers not paying their student loans has doubled - The Washington Post
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Offered without comment: BREAKING: Zelensky sent apology letter to Trump after Oval Office spat | The Post Millennial | thepostmillennial.com
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Please don't feed the animals: Feeding deer in Colorado is illegal. It's also dangerous.
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Today's Videos
Don't be like her
DC begins removing Black Lives Matter Plaza near White House: Photos - Axios Washington D.C.
Interesting that the mayor of DC apparently agreed to paint over the mural but somebody in the government apparently ordered it destroyed, not just painted over