It's Monday, and that means it's time for another uplifting edition of Monday Mountains ...
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I hope you found these beautiful alpine scenes as soothing as I did.
Have a good day. More thoughts coming.
Bilbo
Random observations and comments from the Fairfax County, Virginia, Curmudgeon-at-Large.
Could be another lifetime, one that's soiled with crudWhere harshness is a virtue and anger holds a grudgeHe came in filled with bitterness, then ravaged like a stormCome in, he said I'll give ya tariffs, lies and scornLooks like he's passed this way again, I know it seems absurdHe'll always do what best for him, and never keeps his wordIn a world of peaceful protests, he'll send the heat to swarmCome in, he said I'll give ya tariffs, lies and scornNot a lucid word is spoken; his brain is uninvolvedEvery time he makes a speech the problem goes unsolvedWe tried hard to envision how we could change the normCome in, he said I'll give ya tariffs, lies and scornWe're burdened with unhappiness; our hopes did not prevailWe gathered with the masses along the campaign trailWe scattered when projectiles flew as he had police lines formCome in, he said I'll give ya tariffs, lies and scornRemember when they turned around and he was standin' thereIn front of an old sacred church with tear gas in the airHe held a Bible high aloft, you could see his devil hornsCome in, he said I'll give ya tariffs, lies and scornHe built a wall between us, democracy's the costHe takes it all for granted, he's got his wires crossedWe shoulda known when it all began; so many tried to warnCome in, he said I'll give ya tariffs, lies and scornWell, his lackeys do just as they're told, our anger really mountsBut nothing ever matters much, it's he alone that countsAnd the windbag bigot bully, with hair like yellow cornCome in, he said I'll give ya tariffs, lies and scornHe'll never care 'bout you or me he sees himself aboveAnd old man with a store-bought tan; we'd rather be rid ofHe has no understanding and is constantly forlornCome in, he said I'll give ya tariffs, lies and scornIn a rundown Palm Beach villa, he'd hidden all he knowsThen heightened our frustration by thwarting all the probesThey bought and sold his ignorance and got the charges shornCome in, he said I'll give ya tariffs, lies and scornWell, it feels like we're in a foreign land, afraid we're marking timeOur salvation walks a razor's edge; he'll claim that it's all fineIf we could just turn back the clock to before his base was bornWe wouldn't have to live our lives with tariffs, lies and scorn
February 5, 2025: Long-term interest rates would come down as Trump’s economic policies took effect;Spring 2025: The federal deficit would move toward 3% of GDP;Spring 2025: Trump’s policies would produce roughly 3% sustained real GDP growth;July 8, 2025: The U.S. would collect well over $300 billion in tariff revenue in 2025;September 1, 2025: The Supreme Court would uphold Trump’s emergency tariffs;September 7, 2025: The economy would see a “substantial acceleration” in Q4 2025;December 7–16, 2025: 2025 would finish with 3% to 3.5% real GDP growth;December 16, 2025: Inflation would see a substantial drop in the first six months of 2026;February 20, 2026: The economy could grow at least 3.5% in 2026;April 14, 2026: 2026 GDP growth could easily exceed 3% or 3.5%;April 14, 2026: Core inflation was falling and the Federal Reserve would need to cut interest rates;April 14, 2026: Trump’s tariffs could be restored to their previous levels by the beginning of July;June 2026: Again maintained that 2026 growth could reach roughly 3% to 3.5%;2025–26: Lower energy prices, fiscal restraint and Trump’s policies would bring down long-term Treasury yields;2025–26: Faster growth and tariff revenue would materially improve the federal deficit;And finally,September 5, 2026: Oil could eventually fall to $40–$50 per barrel after the Iran war ends. The economy is now “in the liftoff phase.”