Last week, we showed a chart of soybeans and opined that it was a political liability for President Trump. Apparently, Trump got the memo, because on Wednesday, just after tweeting that “tariffs are the greatest.” He utilized an old Depression-era government program to offer $12 Billion to the farmers that weren’t feeling the greatness. Since the US government already runs a deficit, the $12 billion will have to be borrowed. China is a significant source … read more Newsletter #175—Swallow a Spider
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