How will tariffs wipe out retailers? The Chinese have been absorbing them to not wipe out their own economy. It's been a pure wealth transfer from the Chinese government to the Us government far:
Chinese government -> subsidizes tariffs -> wholesalers buy product and pay tariffs -> end user get the same price + US government gets Chinese money.
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Originally Posted by JodoKast
Yes and thats when gov't bailouts happen for those that reap the profits and wont be held responsible and major pillars will be kept aflot. Main street suffers while rich wait until its time its safe to reinvest and buy everything back up again when everything has bottomed out and people are out of jobs but they end up richer in the end. Nice little racket.
Also, after more looking at it seems simpler than the situation above - it seems that the US government needs to be selling about $700B more in debt in the coming months and there isn't the appetite among the private sector to take it on, hence pressure on bonds. Pretty simple.