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5
US Government surplus
By the way - no serious economist has ever predicted that the full tariffs would be paid by US consumers. Manufacturers and importers are taking a haircut. Democrats are enraged that inflation is dropping and the idea of a budget surplus? Dear me, landslide territory for Trump at the midterms -
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Serious reports that Powell will resign
If he goes and the new chairman drops the interest rate it could save half a trillion dollars in debt financing - and catnip the economy. -
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Vietnam thought it had a deal on its US tariff rate. Then Trump stepped in.
Will that include all countries that are buying Russian oil Crude oil: China has bought 47% of Russia’s crude exports, followed by India (38%), the EU (6%), and Turkiye (6%). Oil products: Turkiye, the largest buyer, has purchased 26% of Russia’s oil product exports, followed by China (13%) and Brazil (12%). https://energyandcleanair.org/june-2025-monthly-analysis-of-russian-fossil-fuel-exports-and-sanctions/ -
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THAILAND LIVE Thailand Live Saturday 12 July 2025
Washington Chooses Asia Expert as Next US Ambassador to Thailand Photo of Sean Kotaro O’Neill courtesy of US State Department In a strategic move, Washington has appointed Sean Kotaro O’Neill as the next US ambassador to Thailand, pending Senate approval. This decision aims to bolster American ties in Southeast Asia amidst rising geopolitical tensions. Full story: https://aseannow.com/topic/1366431-washington-chooses-asia-expert-as-next-us-ambassador-to-thailand/ -
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Serious reports that Powell will resign
Jerome Powell's resignation looks imminent. Politico has reported tariff inflation has not arrived - calling into question his judgment. Tariff inflation hasn't shown up. Here's why it matters for Trump and the Fed. The debate over how and when the tariffs will affect prices has divided central bank policymakers over the trajectory for interest rates.
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