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Ok, #Fintwit friends, steady yourself for this feedback from a bank client in Massachusetts: "Some FYI from Main Street USA".
And about these SBA loans that appear to be grossly underfunded at $350 billion.
Given this kind of feedback, which will surely be the case in every community in the country, I'm starting to think THIS IS the ONLY way out of this mess, and with the least amount of damage done. @profplum99 @ErikSTownsend @RaoulGMI

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Randy Woodward
@TheBondFreak
Global debt.
2007 = $57 trillion.
2017 = $233 trillion.

That’s a lot of kindling!
I believe the "end-game" is when some debtor of significance, possibly a country, finally gives up on their debt and heads home, effectively lighting the match and leaving Rome to burn. There's an underlying asset that supports a debt, but not if that asset no longer has value.
Friends, I must correct! @windcarfare was kind of enough to point out my error. Global debt INCREASED $57tril from '07 to '14. So there's this.

2000 Q4 = $87tril
2007 Q4 = $142tril, up $55tril
2014 Q2 = $199tril, up $57tril
2017 Q3 = $233tril. up $34tril

My apologies!
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Filomena Rocha
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Filomena Rocha
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Tensions increase in Lebanese city as protesters clash with Harakat Amal supporters: video aml.ink/GfhJ7
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Jack Weiss
@JacksDogma
A thread about Whistleblower-1, Whistleblower-2, the heads-up to Adam Schiff, the evidentiary value of WB-2 and the partial “transcript,” and the absurd White House attacks on WB-1 and Schiff:
Imagine Main Street USA. There’s a Bank; there’s a General Store across the street. A clerk in the General Store (WB-1) hears the Bank alarm and commotion. The clerk does not see a robbery. The clerk runs out back, finds a Detective (Schiff), tells him “the bank has been robbed!"
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Filomena Rocha
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TheLastRefuge
@TheLastRefuge2
🤔If China doesn't pay the tariffs, then why does China attempt to evade tariffs through transnational shipping?

2) Of course China (or EU, or anyone else) pays the tariffs. That's how the process works.

If you want to deliver $1 million in exported goods with a 25% tariff, you pay $250,000 as a U.S. duty.

YOU, the exporter, pay the duty upon arrival at port.
3) The question accurately framed then becomes: does the exporter then pass on that additional cost to the importer (the U.S. company)?

Right now, the answer is no. China is not transferring the vast majority of the tariff cost to the arrival price of the product.
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