This Is Confirmation, In Real Time — Of Why He Went Through Six Bankruptcies. Damn.

So. . . he's only now figuring out what happens to the US economy if he personally causes a new iPhone to cost over $3,500 (from ~$900, last week)?

We see he has rolled back his tariffs on all the components of the iPhone that are made in China. Which is to say. . . he's rolled back tariffs on all pricey Apple products, a wide array of computer chips, and many consumer electronics goods -- not even three days after they took effect. Again.

If there is one thing the markets hate, it is undue uncertainty. And that's his first, middle and last name.

For people who've watched Wall Street for decades, it's been clear that Donald Trump really knows very little about the capital markets, and about what actually drives the US economy. Even so, I'll admit to being surprised that his malignancy and idiocy have so rapidly resulted in the real probability that he will be the first president ever to have created a recession in his first three months in office -- when handed a growing economy.

The break-neck speed with which he has deeply rattled the markets, and caused what may well be an "uncertainty" recession -- with his tariff flip-flops, is genuinely surprising to me.

Thus, this, from above the fold, in the capitalists' paper of record:

. . .Economic Outlook Dives Just Three Months Into Trump's Term

The probability of a recession has leapt while the growth outlook has slumped, a survey of economists has found. . . .

I had thought it would be mid-summer or beyond, before his whole chaotic world would begin to collapse in on itself. But between his on and off feuding with Elon Musk, and the regular GOP becoming completely exasperated with his illiteracy. . . it seems the wheels are already falling off.

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