Underwater Overseas

A good discussion of Trump’s failure to understand international economics.

A good analysis of Trump’s going nowhere tariffs with China.

In December, Trump declared on social media that he had approved the controversial sale of advanced Nvidia H200 AI semiconductors to China, the very chips his Justice Department only 30 minutes earlier said were being smuggled to China, constituting a threat to national security.

https://www.reuters.com/world/us/with-tariffs-stalled-trumps-china-policy-drifts-2026-04-21/

Fed Head

Another nominee on Capitol Hill, playing to an audience of one, named Donald. This time it was Kevin Warsh, sitting in front of the Senate Banking Committee.

Warsh thinks the Federal Reserve Bank needs reform, and not in returning to tighter banking regulation, as Elizabeth Warren rightly wants. His idea of reform will likely be whatever Donald wants.

Trump Did This

I was outraged when home heating oil jumped from $4/gal. to $5. Now it’s up to $6. A 50% increase since Trump’s War of Choice with Iran. Fortunately, this is the last delivery I’ll need until Autumn arrives.

I’ll repeat an earlier prediction. Trump will order ground forces into Iran. That’s assuming he isn’t truly mad and threatens to drop a nuke on Tehran.