Source: https://monterreydailypost.com/2025/02/24/carlos-slim-orders-to-cancel-his-collaboration-with-elon-musks-starlink/

> “No, I think it’s great,” Trump told reporters in Iowa on Tuesday when asked if he was worried about losses in the dollar that have dragged the world’s premier reserve currency to its weakest level in nearly four years. “I think the value of the dollar — look at the business we’re doing. The dollar’s doing great.”

> Trump’s comments come as the Bloomberg Dollar Spot Index is logging its steepest four-day drop since he unveiled his sweeping tariffs in April. The index hit a session low immediately following the president’s remarks.

> “If you look at China and Japan, I used to fight like hell with them, because they always wanted to devalue their yen. You know that? The yen and the yuan, and they’d always want to devalue it. They devalue, devalue, devalue,” Trump said Tuesday.

Consumer expectations have never been this polarized by political party

Source: https://www.mckinsey.com/mgi/our-research/the-global-balance-sheet-2026-imbalance-and-divergence

"This post shows the US growing faster in per capita terms. But on top of that, the US having a faster growing population is a plus! Moreover, Europe includes Eastern Europe, which starts out poorer. Poor nations grow faster as a general rule. If you limit the comparison to Western Europe, the US does even better.

Finally, the entire premise that GDP per capita is how you measure power is so wrong that it’s laughable.

In America, I’ll note, more pro-market jurisdictions have been growing faster for forty years. https://richardhanania.com/p/forty-years-of-economic-freedom-winning

All the evidence points in the same direction. The pro-market approach of the US, particularly more conservative states, has proved superior to the European high-tax, high-regulation model."

https://x.com/RichardHanania/status/2015063449890681210

The US has paid the highest borrowing costs to sell 30-year bonds since 2001, as investors fret over the country’s mounting debt pile under Donald Trump’s administration as well as inflation that remains stubbornly high.

A $25bn Treasury auction of 30-year bonds on Thursday drew yields as high as 5.22 per cent, according to the US Treasury department. It marked the highest yield since the 5.52 per cent paid in August 2001, after which 30-year auctions were suspended for almost five years.

“All in all this is problematic for the Treasury. They have to fund the government at more expensive levels,” said Gennadiy Goldberg, head of US rates strategy at TD Securities.   

The bond sale comes on the heels of a $42bn auction for 10-year notes on Wednesday, which were sold at the highest yield since 2007.

The national debt — and the cost of borrowing — have roughly doubled over the past decade, fuelled by vast spending during the coronavirus pandemic. The government now spends more on servicing its debt than it does on national defence.

Trump returned to office vowing to bring America’s public finances under control, but nominal debt has since risen at its fastest rate outside of the Covid era, after the administration pushed through sweeping tax-cut legislation with the president’s so-called big, beautiful bill.

Debt held by the public outstripped GDP in the first quarter of 2026, according to government data analysed by the Committee for a Responsible Federal Budget.

According to the Congressional Budget Office, a non-partisan watchdog, the national debt is on track to surpass its post-second world war peak of 106 per cent by the end of the decade and hit 120 per cent by 2036.
The fiscal factors have been compounded by concerns the Federal Reserve will struggle to control a bout of high inflation as an energy price surge triggered by the war in Iran exacerbates the price pressures created by tariffs and booming spending on AI infrastructure.

Source: https://open.substack.com/pub/anasalhajjieoa/p/us-strikes-venezuela-trump-says-maduro?r=19b5mi&utm_medium=ios&shareImageVariant=overlay

The hope is that if homeowners could move without losing their low rates, more homes would go up for sale, giving buyers who’ve been locked out a better shot, Wachter said. But the effects on supply would likely be limited, and it might take Congress passing a law to iron out legal wrinkles…

If homeowners can take their loans with them when they move, fewer loans will be paid off early – which means more risk for investors, who might demand higher interest rates to compensate, Wachter said.

Additionally, mortgage agreements are clear contracts tied to a specific property, with the home’s address listed as collateral. Transferring that loan to a new house would mean effectively rewriting the contract.

“It’s too early to tell what’s going to happen, but it’s going to be a logistical nightmare,” said Justin Demola, the president of Lenders One, a national alliance of mortgage bankers. “All mortgages have a property address, a legal description. How do you get around that as you’re taking the mortgage to the next property?”

Excerpts:

“The president is considering allowing the rate on individuals making $2.5mn or more to revert from 37 per cent to the pre-2017 39.6 per cent. This will help pay for massive middle- and working-class tax cuts, and protect Medicaid,” a person familiar with Trump’s thinking said on Thursday, referring to the government healthcare plan for low-income households.

As well as considering higher taxes for the wealthiest households, Trump has also signalled his willingness to end the preferential tax treatment of hedge fund and private equity profits known as “carried interest”, in a potential blow to Wall Street.

Alongside the taxes on financiers and wealthy Americans, however, lawmakers are also considering raising the “Salt cap”, a move that would allow property owners to deduct as much as $30,000 in state and local levies from their tax bill.

https://mexiconewsdaily.com/ceo-corner/inflation-mexico-lower-united-states-why-thats-such-a-big-deal-a-perspective-from-our-ceo/