Monday, March 23, 2026

Bonds Experiencing "Golden Age" Of Trump

 


=Gulp=

The specter of stagflation caused by the Iran war has wiped out more than $2.5 trillion from the value of global bonds in March, on track for the biggest monthly loss in more than three years. 

Bonds are tumbling as a surge in oil prices quickens inflation, which erodes the value of the fixed payments from debt. While the slide in bonds’ market value is less than the roughly $11.5 trillion lost in global equities, it’s perhaps more unexpected as debt typically gains in times of geopolitical turmoil.

“Markets are beginning to price what I think is going to be a stagflationary impulse manifested very soon,” Kathryn Rooney Vera, chief market strategist at StoneX Group Inc., said in an interview on Bloomberg Television. “The longer this goes on, the higher oil prices can rise.”

The total market value of government, corporate and securitized debt has fallen to $74.4 trillion from almost $77 trillion at the end of February, based on a Bloomberg index. That’s on course to be the biggest drop since September 2022, when the Federal Reserve was in the midst of an aggressive cycle of interest-rate hikes. In percentage terms, the gauge has slipped 3.1% this month... (our emphasis)

The "Golden Age" of Trump has arrived, with a vengeance! 


QOTD: "Then Unfortunately...I Called Pete..."

 

The reckless and cowardly Malignant Fascist won't take responsibility for his Iran war debacle, so today in Memphis, he shifted blame to his underlings, foremost Whiskey Pete Hegseth:

"'You know, our economy was fantastic. We had a Dow at 50,000,' the president explained. 'And then, unfortunately, I came -- I called Pete, I called General [Dan] Caine, I called a lot of our great people. We have great people. And I said, 'Let's talk. We got a problem in the Middle East. We have a country known as Iran, that for 47 years has been just a purveyor of terror, and they're very close to having a nuclear weapon. [snip]

'We can keep going and get that 50,000 up to 55 and 60,' he remarked. 'Or we can take a stop and make a little journey into the Middle East and eliminate a big problem.'

'And, Pete, I think you were the first one to speak up. And you said, 'Let's do it,'' because you can't let them have a nuclear weapon,' Trump added." (our emphasis)

Of course, they were quite a way from having a nuclear weapon, since the MF supposedly "obliterated" their nuclear sites last year.  But when you rely on "intelligence" from the likes of Whiskey Pete, Jared "Mr. Ivanka Trump" Kushner, and real estate hustler Steve "Witless" Witkoff, not to mention a manipulative right wing government in Israel, you get a stupid war that you're desperate to get out of.

 

Skeets Of The Day

 

Operation Epic Epstein Fury / market manipulation / clowns and clown shoes --


Market manipulation. The timing of Trump threats (usually Friday nights) then backing down (usually early Monday mornings) on war and tariffs tell you all you need to know.

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— Ron Filipkowski (@ronfilipkowski.bsky.social) March 23, 2026 at 8:28 AM

 

every single financial institution would benefit from hiring exactly one (1) progressive to walk around the office all day long going “are you fucking stupid?” to anyone within ear shot

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— Andrew Lawrence (@ndrew.bsky.social) March 23, 2026 at 8:04 AM

 

Oh. So they want Obama’s nuclear deal minus Obama’s signature. Got it.

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— Angry (@angrystaffer.bsky.social) March 22, 2026 at 9:29 AM

 

This is like me starting a fight and redefining victory as “getting my shoes back.”

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— 🗽LOLGOP🗽 (@thefarce.org) March 22, 2026 at 8:05 PM

 

Political analyst David Rothkopf characterized the Iran war as fundamentally different from previous conflicts due to its origins in presidential psychology — and he attacked White House insiders for allowing it to happen.

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— Raw Story (@rawstory.com) March 23, 2026 at 8:41 AM

 

Long lines at airport security?  TSA funding proposal killed by Trump --


And there it is. DHS and TSA aren't getting paid because Trump doesn't want to pay them, and Thune & Johnson are too afraid to act like the leaders of co-equal branch they claim to be to call the vote and force the question.

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— Sean Casten (@seancasten.bsky.social) March 23, 2026 at 8:52 AM

 

Trump in 2016  ("he was right all along!") --




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— Carl Quintanilla (@carlquintanilla.bsky.social) March 22, 2026 at 11:30 PM

 

Emasculated Vance --


Of course, both Vance and Rubio are clomping around in ugly, oversized shoes because Trump demands it of them. "Even before the Iran war, Trump made it clear that being in his inner circle meant checking your dignity at the door." www.salon.com/2026/03/23/h...

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— Amanda Marcotte (@amandamarcotte.bsky.social) March 23, 2026 at 7:20 AM

 

Emasculated Trump agenda --


Remarkable: The public has rejected *all* the major pillars of America First Trumpism. Majorities oppose: *deportations *tariffs *war with Iran *threats to Canada and Greenland ...while NATO, vaccines, and foreign aid remain broadly popular. Some thoughts on that: newrepublic.com/article/2080...

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— Greg Sargent (@gregsargent.bsky.social) March 23, 2026 at 7:47 AM

 

What's that Musk-y smell?  Man of the people and his Saxon spawn --

 

My alabaster milk child Teuton keeps asking for ranch dressing at the caviar factory, it is most epic. The fishmongers despise him.

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— Vince Mancini (@vincemancini.bsky.social) March 21, 2026 at 3:02 PM

 

"Puttin' On The Ritz" at the 2028 RNC --

 

JD Vance and John Fetterman at the 2028 RNC

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— J-L Cauvin (@jlcauvin.bsky.social) March 22, 2026 at 7:02 PM

 

 

Iran: No Talks With U.S. Over War

 

Official Iranian sources pushed back on the delusional and reckless Malignant Fascist, denying his claim on his social media that the U.S. had held "productive conversations" about ending his initiated war on them. From the Associated Press:

“'Remarks by the U.S. president are part of efforts to reduce energy prices and buy time to implement his military plans' the newspaper said.

'While there have been initiatives by regional countries to de-escalate tensions, Iran’s response has been clear: It did not start the war and all such requests should be directed to Washington.'”

In another report from CNBC, Iranian officials went further in denying the MF's story:

"Iranian state media, citing an unnamed 'senior security official' in a post on Telegram disputed Trump’s description of conversations, saying direct or indirect talks have not taken place between Washington and Tehran.

'There is been no negotiation and there is no negotiation, and with this kind of psychological warfare, neither the Strait of Hormuz will return to its pre-war conditions nor will there be peace in the energy markets,' state media reported the official as saying." (our emphasis)

After the MF made the dubious announcement, stock future rose and oil prices fell, clearly something he wanted to achieve if only in the very near term. On Saturday, the MF threatened to "obliterate" Iran's power plants by this evening if they refused to open the strategic Strait of Hormuz. In response, Iran threatened to attack desalination and power plants throughout the region if the U.S. or Israel attacked first. Iran is now claiming that the MF backed off out of fear of such attacks.

BONUS: Iran's Revolutionary Guard mocks the MF, referencing his catchphrases.


Today's Tomorrow Cartoon

 

(click to enlarge) 



The demented Malignant Fascist knows he's in deep trouble with his war of choice on Iran, but that won't stop him from investigating why everyone thinks he's failed.  His support group is there for him: Leatherface guy, the loony RFK, Jr, Drinky guy, the fake tough guy Whiskey Pete Hegseth, and of course his faithful sycophantic bellhop, JD Vance.  Surprise!  He believes it's all the "fake news media's" fault.  Very stable genius!

Please consider supporting Tom's work by going here.


The Good, The Bad, And The Ugly


The good:

... District court judges have overturned or blocked executive orders ending birthright citizenship, punishing law firms and universities, eviscerating election laws, slashing the federal workforce and freezing funds. Upwards of 650 lawsuits challenging executive orders have been brought – 10 times more than in the first year of the Biden presidency – and plaintiffs have won more than twice as often as the administration.

The jurists are losing their patience with the Trump administration, which many have criticized for noncompliance. They have rebuked the government in uncharacteristically sharp language – “deliberately ignorant”, “chilling harm of blizzard proportion”, “an assault on constitutional rights”. In at least 95 cases since August, the New York Times reports, judges have demanded that officials explain why they should not be held in civil contempt, a rarely-invoked penalty designed to force aimed at forcing compliance with the law.

Immigration has been at the center of this battle between law and disorder.

“The court is not aware of another occasion in the history of the United States in which a federal court has had to threaten contempt – again and again and again – to force the United States government to comply with court orders,” Patrick Schiltz, a federal district court judge in Minneapolis, declared.

Schiltz threatened to hold government officials in criminal contempt – that means jail time. He is hardly a firebrand – with a reputation as a conservative, he was appointed to the bench by George W Bush. Overall, political affiliation has played no part in these cases. Judges appointed by other Republican presidents, from Reagan to Trump, have been similarly scathing in their opinions overturning Trump’s executive orders.  [snip]

These district court decisions are not, of course, the final word. The administration can appeal to the court of appeals, where it has been more likely to prevail, and ultimately to the supreme court, whose Republican appointees have voted, often as a bloc, to uphold Trump’s actions.

Nonetheless, at a moment when the guardrails of democracy have proven to be made of papier mache – when, day after day, the president displays his contempt for democracy and Congress takes a 14-month siesta – these judges are the rare exception. They are doing the work that the constitution demands, and like their counterparts in the Brown v Board of Education era, they are preserving the rule of law, often at risk to themselves and their families. In these dark days, that’s cause for celebration(our emphasis)

They're one of the last remaining speed bumps slowing the Malignant Fascist's rush to undo 250 years of American democracy (such as it was).  We need the ultimate speed bump -- elections -- to really stop the rush.

The bad:

A California sheriff running for governor has seized more than half a million ballots cast in a November special election from county election officials, saying he’s investigating a ballot count discrepancy.

County elections officials have disputed the claims by Riverside County Sheriff Chad Bianco, a Republican. California Attorney General Rob Bonta, a Democrat, called Bianco’s move unprecedented and says it is designed to sow distrust in elections.

Bianco held a news conference Friday saying his office had launched the investigation after receiving a complaint from a local citizens group about the ballot count from a November 2025 special election on redistricting.

In the special election, voters approved a measure to redraw congressional district lines to favor Democrats in the upcoming midterm election. The measure passed in the county by a margin of more than 80,000 votes.

Bianco seized ballots in Riverside County, the inland California county of 2.5 million people where he has twice been elected sheriff. He called the effort “a fact-finding mission.”

“This investigation is simple: Physically count the ballots and compare that result with the total votes reported,” he said Friday. Bianco is one of two prominent Republicans running for governor in a crowded June primary that includes more than half a dozen Democrats. California runs a top-two primary system that puts all candidates on the same ballot, regardless of party, and sends the two candidates who get the most voters onto the November general election. [snip]

“I have a duty to investigate alleged crime in Riverside County,” he said.

The effort came as President Donald Trump has repeatedly disputed the results of the 2020 election, citing unsubstantiated instances of fraud. His administration recently seized ballots and other documents from an election office in Georgia. Some Republicans have mirrored Trump’s rhetoric on voting in their states.

Bonta has repeatedly sent letters to Bianco’s office over the last two months saying his staff is not qualified to conduct a recount. In one of the letters, Bonta wrote that the ballot seizure was “unacceptable” and “sets a dangerous precedent and will only sow distrust in our elections.”

The letters said Bianco seized nearly 1,000 boxes of ballots and elections materials from the county’s elections office with a warrant in February. At issue, Bianco said, is a discrepancy a citizen group reported between the handwritten ballot intake logs and the number of votes reported to the state.

Bianco said the alleged discrepancy amounted to about 45,800 votes — a difference elections officials have refuted at county meetings, saying the machine count and the final count submitted to the state differed by about 100 votes. They argue the handwritten rolls, which were not relied on to check the count, were being kept by temporary elections workers who had worked long days and may have made mistakes.

Bianco said Friday that the count had started and stopped, but would now resume under the supervision of a special master appointed by a judge. 

Another voter fraud conspiracy crackpot who's trying to screw up the results of the special election that authorized redistricting to counter the Malignant Fascist's redistricting ploys in red states.  Guess he didn't want to wait for Kash "No Credit" Patel's FBI to carry out a raid a la Fulton County, GA.  But we question who the Democratic Attorney General is reduced to sending letters (!) to this crank because we were under the impression the AG is the top law enforcement officer in the state, not some crazy cowf*ckeer with a badge.  Is it possible for you to grow some balls, sir?

The ugly

House Minority Leader Hakeem Jeffries said President Donald Trump could get “somebody killed” after the president accused Democrats of being the country’s “greatest enemy” after Iran.

On Sunday, the president posted, “Now with the death of Iran, the greatest enemy America has is the Radical Left, Highly Incompetent, Democrat Party!” Trump also said Saturday that “Radical Left Democrats have hurt so many people with their vicious and uncaring ways” and that “Fascist Democrats will never protect America.”

In an interview with CNN’s State of the Union, Jeffries replied, “Donald Trump should keep his reckless mouth shut before he gets somebody killed.”

In recent years, targeted political violence has escalated, and political leaders in both parties have tried to tackle the growing crisis.

A January report from the U.S. Capitol Police found that threats toward members of Congress, their families, staff and the Capitol complex surged in 2025, with over 5,000 more incidents reported than the previous year.

The report came after multiple political figures were killed or targeted last year. In September, conservative activist Charlie Kirk was killed while speaking on a college campus. Just weeks before, former Minnesota State Speaker Melissa Hortman (D) and her husband were assassinated in their home. And in April last year, a man threw multiple incendiary devices into the Pennsylvania governor’s mansion as Gov. Josh Shapiro and his family were asleep inside...  (our emphasis)

Every accusation is a confession, as they say, and as for who's the enemy of America, look at who's destroying democracy, maneuvering to be a dictator, cozying up to America's long-time adversary Russia, weakening our economy, undercutting our national security, and who's setting Americans up against each other, etc., etc. 

 

Sunday, March 22, 2026

Across The Universe, Cont. -- Black Eye Galaxy

 

(click on image to enlarge)

From NASA/ ESA, March 20, 2026: Easily identified by the spectacular band of dark dust that partially obscures its bright core, Messier 64, or the Black Eye Galaxy, is characterized by its bizarre internal motion. The gas in the outer regions of this spiral galaxy is rotating in the opposite direction from the gas and stars in its inner regions. This strange behavior may be the result of a merger between M64 and a satellite galaxy over a billion years ago.

New stars are forming in the region where the oppositely rotating gases collide, are compressed, and then contract. Particularly noticeable in this stunning Hubble image of the galaxy’s core are recently formed hot, blue stars and pink clouds of glowing hydrogen gas that fluoresce when exposed to ultraviolet light from the newly-formed stars.

This image is a composite view from NASA’s Hubble Space Telescope and James Webb Space Telescope. It shows Messier 64 captured at near- and mid-infrared wavelengths by Webb, while Hubble’s image shows the galaxy in ultraviolet, visible, and near-infrared light. These observations were taken to learn more about star formation in nearby galaxies.

Image description: Hubble and Webb image of M64. A massive spiral galaxy glows with a yellow core, surrounded by arms full of orange-brown dust and pink and blue patches of star formation. Framed by a haze of dark dust, the galaxy shines against black space dotted with a few stars.

Credit: NASA, CSA, ESA, F. Belfiore (European Southern Observatory – Germany), J. Lee (Space Telescope Science Institute), A. Leroy (The Ohio State University), and D. Thilker (The Johns Hopkins University); Processing: Gladys Kober (NASA/Catholic University of America)

 

"Thank You, Mr. President"

 

What he says.

(h/t Hullabaloo)

Today's Cartoons

 

(click on images to enlarge)

(Paresh Nath, caglecartoons.com, UAE)


(Dave Brown, The Independent, UK)

(Milt Priggee, caglecartoons.com)

(Marian Kamensky, caglecartoons.com, Austria)

(Dave Whamond, caglecartoons.com, Canada)

(Mike Luckovich, Atlanta Journal-Constitution)

(Christo Komarnitski, caglecartoons.com, Bulgaria)


 (Morten Morland, The Times, UK)

(Clay Bennett, Chattanooga Times Free Press)

(Jack Ohman, Tribune Content Agency)

(Bill Bramhall, New York Daily News)

(Adam Douglas Thompson, @adamdthompson)




Sunday Reflection: Blank Piece Of Paper

 



“Everybody faces a blank piece of paper, no matter what they’ve written or painted or composed before. I can’t imagine approaching every single new project without doubt.” -- legendary composer / lyricist Stephen Sondheim (3/22/1930 - 11/26/2021).  Mentored by Oscar Hammerstein II, Sondheim wrote the lyrics for the hit Broadway musicals "West Side Story", "Gypsy", and the music and lyrics for "A Funny Thing Happened On The Way To The Forum", "A Little Night Music", and "Sweeney Todd: The Demon Barber of Fleet Street."  He is seen as reinventing the American musical through his innovative themes and lyrical sophistication.

The winner of eight Tony Awards, eight Grammy awards, an Oscar, and the Pulitzer Prize, Sondheim was awarded the Kennedy Center Honors, and the Presidential Medal of Freedom.  The doubts he faced with the blank piece of paper were fortunately set aside in the memorable work he created.

(photo: Douglas Elbinger/Getty Images)

 

ICE In U.S. Airports? Brilliant!

 



As the desperate and delusional mind of the felonious Malignant Fascist deteriorates, he's introduced a dangerous new threat that's sure to endear him to the public: putting ICE thugs in airports to "assist" TSA in performing their duties.  From CNN:

"As a shrinking number of Transportation Security Administration agents work to keep hourslong security lines moving despite not being paid, President Donald Trump stepped into the fray Saturday, announcing he will send Immigration and Customs Enforcement officers to airports by Monday if Congress doesn’t agree to a plan to end the partial government shutdown.

The Trump administration has not clarified what shape ICE agents’ roles would take at airports since they’re not trained to perform security screenings, and TSA screeners are required to undergo months of training. CNN has reached out to the White House and the Department of Homeland Security, which includes TSA, for comment.

'The president can have (ICE agents) come there but I don’t see how that helps us in getting through this time period,' Atlanta TSA officer and union steward George Borek told CNN, reiterating the need for proper training."  (our emphasis)

So going from the streets of our cities to our busy airports, the MF's masked, private stormtroopers will be in the face of travelers, looking them over, probably roughing some up, and  creating a threatening, violent environment.  Note that they're not trained for the duties of TSA personnel, as the Atlanta TSA officer stated, nor were they trained for dealing with the urban environments of LA, Chicago, and most particularly Minneapolis.  What could go wrong?

The more the general public can see these masked goons up close, the more they'll understand the nature of the MF's fascist regime of intimidation, fear and compliance.  May that understanding carry over to next November and beyond.

(photo: "Who'd you vote for in the last election?")

 

Trump Threatens War Crime, Iran Threatens High Oil Prices For A Long Time

 

While he parties at his Mar-a-Lardo estate, the big fool is drawing the world deeper into a cataclysm:

President Donald Trump’s demand Saturday that Iran “fully open” the Strait of Hormuz by Monday night was rebuffed Sunday morning by Iranian Parliament Speaker Mohammad-Bagher Ghalibaf, who not only appeared to dismiss Trump’s open threat, but issued one of his own.  [snip]

On Saturday, Trump took to social media to demand Iran allow U.S.-aligned ships to pass through the shipping channel “within 48 hours,” warning that if his demand was not met, the United States would “obliterate their various power plants, starting with the biggest one first” – a potential war crime

Despite the gravity of Trump’s threat, Ghalibaf appeared to dismiss the warning, and went on to issue one of his own.

“Immediately after the power plants and infrastructure in our country are targeted, the critical infrastructure, energy infrastructure, and oil facilities throughout the region will be considered legitimate targets and will be destroyed in an irreversible manner, and the price of oil will remain high for a long time,” Ghalibaf wrote in a social media post on X Sunday morning, according to a translation of the original post written in Farsi.  (our emphasis)

He has no clue that he doesn't hold all the cards (as he would put it).  The totalitarian regime he's dealing with is fighting for its existence;  closing the Strait is its only leverage, and it won't let go, especially based on the increasingly desperate words and actions by the Malignant Fascist.  Iran thinks it's winning, and in terms of delivering pain to the MF, they might be:  just look at the price at the pump, other critical vulnerabilities, and his tanking poll numbers -- the MF's own existential crisis. Also, as the MF and Netanyahu attack civilian infrastructure and cultural sites, the effect will be to consolidate support behind the regime rather than encourage a popular revolt.  

The madness of handing power over to this world-class moron and psychopath is having ever more dangerous and long-lasting consequences for America and the world.

(Photo:  via AP)


London Calling

 

The UK version of Saturday Night Live premiered last night on Sky TV with a cold open satirizing their wishy-washy PM Sir Keir Starmer who's trying to avoid upsetting our Malignant Fascist. (Our own SNL is on a break, just like Ross and Rachel, as "Starmer" would say.)  George Fouracres played Starmer, his deputy PM David Lammy is played by Hammed Animashaun, and his Gen Z advisor is played by Jack ShepBest line: "It just goes to show, while we may not agree with everything America does, we can still be civil and embrace their wonderful, unproblematic culture." Jolly good.

Saturday, March 21, 2026

Today's Cartoons

 

(click on images to enlarge)

(Bill Bramhall, New York Daily News)

(Rob Rogers, Tinyview.com)

(Kevin Kallaugher, The Economist, UK)

(Rick McKee, caglecartoons.com)

(Brian McFadden, gocomics.com)

(Graeme MacKay, The Hamilton Spectator, Canada)

(Theo Moudakis, Toronto Star, Canada)

(Clay Bennett, Chattanooga Times Free Press)

(John Deering, Arkansas Democrat-Gazette;  context here)

(John Buss, @repeat1968)

(Jimmy Margulies, King Features)

(Monte Wolverton, caglecartoons.com)

(Tom Toro, @tbtoro)


Robert Mueller Dies; Trump Rejoices

 

What a sick, classless piece of shit:

"Innocent people" my ass.

As bad as was the outcome of Special Counsel Mueller's investigation into Russia's efforts to affect the 2016 election, and the Malignant Fascist's collusion in that effort, he deserves respect for his long service in the Justice Department, previously serving as F.B.I. Director, Deputy Attorney General, and a U.S. Attorney.  He was also a highly decorated U.S. Marine who saw combat in Vietnam.

In the meantime, the Malignant Fascist Cadet Bone Spurs can be assured that billions in the world will ecstatically rejoice when he shuffles off the mortal coil.

Mueller was 81.