Hacker News Reader

outer_webon Trump temporarily drops tariffs to 10% for most countries

He definitely yelled the word tariff a lot and has a reputation for being an rng.

outer_webon Trump temporarily drops tariffs to 10% for most countries

The money supply figure from his first term makes me doubt this very much.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Subtext: $1T executive slush fund.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Panama Gaza California

outer_webon Trump temporarily drops tariffs to 10% for most countries

Agreed however this court has shown it can dance between originalism, textualism, and tossing both of those to the wind (Trump v Anderson) when it aligns with policy goals.

Also it probably wouldn't even fly with anyone since so many other emergency powers are generally accepted as necessary (i.e. defense). The immunity decision is full of rhetoric about the legislature being too slow for crises.

Their best bet is to invent a time machine, go back to Obama, have Obama pass emergency tariffs, then lobby to repeal that act.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Lot of whiplash with these tariff policies. I'm wondering if maybe it'd be a better idea to give* Congress this power instead.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Wait what's been accomplished except huge losses for people trading behind the curve?

outer_webon Trump temporarily drops tariffs to 10% for most countries

I think the DOJ handles these things. Oh, also gutted. And also it doesn't matter because immunity.

outer_webon Trump temporarily drops tariffs to 10% for most countries

This is what immunity buys you.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Uh if tariffs weren't paused it would have kept dipping.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Be careful with Amazon, the algos seem to have not realized China is still being tariffed.*

* Observation valid for the next 30 seconds. Certain restrictions apply.

outer_webon Trump temporarily drops tariffs to 10% for most countries

Yesterday the indexes started up 3-4% and finished down at least as much. Risky move but congrats.

outer_webon Trump temporarily drops tariffs to 10% for most countries

I don't think they do and you have to be president or Elon to do it.

outer_webon Reddit small business owners realizing what tariffs mean for their bottom line

Can't be outraged by something good happening and there's always another thing to be outraged about!

outer_webon In a Storm of Tariffs, Many Companies See China as the Safest Harbor

I'm not sure it's wise to choose the side the US is going to (trade) war with. Maybe the world can route around US tariffs, but reciprocal 100+% duties will destabilize both economies and it might be better to avoid both.

outer_webon Reddit small business owners realizing what tariffs mean for their bottom line

That'd be too complex for slogan-based politcs.

outer_webon China could crush the U.S. housing market

> At the end of January, foreign countries owned $1.32 trillion worth of U.S. MBS, or 15% of the total outstanding, according to Ginnie Mae. The top owners: Japan, China, Taiwan and Canada.

I'm not sure a fraction of 15% is all that concerning. It especially wouldn't be if there was sufficient liquidity for others to buy up the discounted MBS.

But do mortgage rates follow the price of MBSes? That seems backward. The article says mortgage rates loosely follow the 10y and presumably more closely follow the Fed benchmark.

outer_webon Trump Team to Freeze Nearly $2B at Cornell and Northwestern Universities

https://archive.is/1fFJ7

outer_webon AP wins reinstatement to White House events

https://apnews.com/article/trump-gulf-mexico-america-ap-firs...

Has a nice explainer for how the WH press pool works.

outer_webon US forges ahead with 104% tariffs on China

5% intraday market swing. What a time to be alive.

outer_webon Ask HN: DOGE on an IT resume – Asset, or liability?

I'd enjoy interviewing the candidate.

outer_webon Justice Department disbanding a unit dedicated to crypto-related investigations

"However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution."

Uh, what's the point of a regulation if you don't prosecute offenders?

outer_webon What the Comfort Class Doesn't Get

Various sources report that most Americans (with some margin) report that they live paycheck to paycheck. That would include people who aren't married with children, of course, but they certainly would not be able to absorb a random four-digit bill without a second thought.

I certainly wouldn't characterize it as a 'totally mistaken' view on 'most Americans', even if it's overstating the scope of the problem.

outer_webon What the Comfort Class Doesn't Get

> wealth is not the marker of the comfort class. Security is. An emergency expense—say a $1,200 medical bill—would send most Americans into a fiscal tailspin; for the comfort class, a text to Mom and Dad can render “emergencies” nonexistent.

outer_webon US tax return filings drop by nearly 1M, extension requests rise

Didn't Elon 'delete' the GSA group that did DirectFile?

outer_webon What the Comfort Class Doesn't Get

I think the idea is that generational wealth is a free pass into the comfort class. Another way to get in is the path you describe, but it's substantially easier to do with the bootstrap and/or safety net of middle- or upper-class parents.

Like the idea of new money vs old money, there is a difference in mindset for people who may have taken different paths to the same net worth at a given age.

outer_webon How the Atlantic's Jeffrey Goldberg Got Added to the White House Signal Chat

Definitely seems like an electronic records issue if they weren't being archived. I'm wary of half-truths like "the email was destroyed" without mention of the other places the email might exist.

Didn't Comey say Clinton wasn't found to have obstructed justice?

outer_webon US tax return filings drop by nearly 1M, extension requests rise

The income tax revenue stream is absolutely being damaged. Your belief that tariffs will supplement the federal revenue stream seems to be based on the assumption that no other variables will change with reciprocal tariffs between the US and rest of the world.

outer_webon US tax return filings drop by nearly 1M, extension requests rise

If the IRS is gone by EOY then you'd better buy canned food and ammunition.