sms on Nostr: Did I read that right, 104% tariffs on China? Kinda surreal stepping out of the fiat ...

Did I read that right, 104% tariffs on China? Kinda surreal stepping out of the fiat mines to that headline. Hard to remember the last time I bought something stamped Made in USA. “Made in China” seems to be the default, it’s been the backbone of shelves for decades.

Meanwhile, Goldman Sachs pegs the odds of a U.S. recession at 45%. Sure. Everyone knows it’s higher. But admitting it’s more likely than a coin flip would probably cause the very recession they’re trying to avoid.

Reminds me of the time I saw a guy filling up a generator with a lit cigarette hanging from his mouth. He was leaning over, staring into the tank. That cigarette could’ve dropped in and turned him into fireworks. It didn’t, but the tension? That feeling? That’s where we are now.

Everything is set up perfectly to go terribly. All you can do is watch in awe.

Now China says they’ll “fight to the end.” That’s the cherry on top of a cake made of slow motion wreckage. It’s not an explosion it’s a trainwreck, unfolding car by car, with everyone pretending the next one won’t derail.

Even the Fed seems spooked, suddenly hinting at dovishness like a man coming in from a thunderstorm, soaked to the bone, only to put on his raincoat after he’s already inside.

And now people are fleeing the country? Call them American’ts. I don’t care how bad it gets, I’m not leaving these mountains.

Yes, things are escalating. But that doesn’t mean doom. It means do. Things might get worse. Or we might thread the needle and pull it off. But sitting there paralyzed, freaking out about it? That’s the one guaranteed way to lose.