According to a report from the Washington Post, while hot spots like San Diego and Palm Springs in Southern California, and Phoenix in Arizona are also seeing a decline in visitors, the Sunshine State is seeing a drastic drop with the head of Visit Lauderdale claiming, “There is a lot of anger out there.”
According to the report, Canadians spend an estimated $20 billion annually and account for 27 percent of Florida’s international visitors.
Those numbers are already being impacted with Visit Orlando noting that bookings for May showing a 35 percent dip despite being the home of Disney World.
According to Stacy Ritter, the head of the tourism board, the drop is likely attributable to the man who makes him home at Palm Beach’s Mar-a-Lago.
“I’m not sure the administration thought this through, but this is an unintended consequence that may or may not have an impact,” she stated while adding that just a drop of 20 percent of Canadians alone — not counting visitors from other countries –– would “have devastating consequences.”
Noting, “An analysis from aviation data firm Visual Approach shows that many airlines have cut their capacity to airports in some top tourism spots. Courtney Miller, the firm’s founder, said the American airport that saw the biggest drop in April arrivals from Canada is Fort Lauderdale-Hollywood International in Florida, with a 20 percent decrease,” the report adds the ripple effect could impact the entire state with the Post reporting, “The state’s residents pay no income tax largely because tourism dollars offset the lack of revenue.”
jimg
April 3, 2025 11:00 am
#45886
The long view about what is going on:
Global Daily: Hoot Small-ly and Reverse Nixon Again
“Yet Nobel Prize winner Joseph Stiglitz, an economics professor at Columbia University, agrees with Wolfers’ assessment. Stiglitz said of Trump’s tariffs: “Virtually all economists think that the impact of the tariffs will be very bad for America and for the world.” He added: “They will almost surely be inflationary.”
Stiglitz, Wolfers, etc., including ,Goldman Sachs, Morgan Stanley, and JPMorgan, Buffet, all echoing one another. How many warned America about the impending GFC crisis?
Maybe, just maybe, tariffs are deflationary…. looking at the red on my screen, collateral is being sold. The price of oil, metals, the dollar, Red. Red, and red. Only bonds are green.
I will be voting for Pierre Poilievre as I no longer believe the US Congress would permit a world war by allowing Trump to invade and conquer Canada. Carney is a pink liberal who is Canada’s WEF head. He would be Trudeau-plus. His books and speeches speak volumes. Canadians must solve its economic problems that are not of Trump’s making. Trump is doing Canada a favor by getting their diverse interests aligned on tackling problems rather than kicking the can further down the socialist road. Poilievre will do what Canada needs to grow its economy the way it had been 10-20 years ago (i.e., before Trudeau introduced pink Liberal policies.)
BUT Maybe I’m Wrong Soooo ‘STAY FROSTY’ Just in Case … 🙂
jimg
April 2, 2025 7:12 am
#45844
Grant Williams and Michael Kao interview Rabobank’s Michael Every on the decline of the post-WWII Liberal World Order (LWO) and the rise of Economic Statecraft. Best explanation yet that I have seen of the intent of the Trump administration
USTR Releases 2025 National Trade Estimate Report The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers.
Today was medical imaging, thyroid. The last was in a private clinic, which took 36 pictures. The family doctor then sent me to an ENT thyroid specialist who cautioned me on what he saw but also didn’t like the picture quality, so he sent me today to what he said is the best thyroid place in the country. Same hospital where 12 months ago my surgeon said my skin cancer was too difficult for her to do it. That from a surgeon who removed two melanomas and various lesser carcinomas. She said that was the best head skin cancer place in the country. So today, 74 pictures, and a 20-minute wait followed by more pictures. The report will be ready later today. I’m thinking of booking an office suite there.
SUCCESS. I am now officially a cancer survivor. Now I can relax.
Two and a half hours after I had my procedure today, I received a copy of the radiologist report sent to the ENT and my family doctor. No further assessment for 3 months.
it’s amazing to me that shortly after getting home, I receive an electronic copy of the assessment. Not being a medical doctor, the terminology is over my head but I can read between the lines that nothing is urgently needed.
jimg
March 31, 2025 10:03 am
#45799
Student loans and credit scores….admitting data over the last 5 years was fake:
The 2020 forbearance marked all delinquent (but not defaulted) loans as current, causing a jump of 74 points, from 501 to 575, in the median score between 2019:Q4 and 2020:Q4 for those borrowers who were previously delinquent but not defaulted. Since then, scores continued to rise for previously delinquent borrowers (as their negative remarks aged) while scores for previously current borrowers remained relatively flat. Defaulted borrowers saw a gradual rise in credit scores as their negative marks aged and as some borrowers voluntarily rehabilitated their defaulted loans.
However, in the fourth quarter of 2022, the Fresh Start program marked all defaulted loans as current, increasing the median score for those with a default in 2019 by 44 points, from 564 in 2022:Q1 to 608 in 2023:Q1. By the end of 2024, those borrowers with loans in delinquency or in default saw scores that were 103 and 72 points higher, respectively, than at the end of 2019.
and now? *****Given these estimates, we expect to see more than nine million student loan borrowers face substantial declines in credit standing over the first quarter of 2025.
“The private equity industry directly employed 13.3 million workers in 2024, an increase from 12 million in 2022.”https://www.investmentcouncil.org/new-ey-report-shows-private-equity-strengthens-u-s-economy-with-more-jobs-higher-pay-and-increased-investment/
Last edited 3 days ago by jimg
jimg
March 30, 2025 3:10 pm
#45782
Maria Bartiromo interviews National Economic Council Director Kevin Hassett and the intent of the upcoming April 2nd ‘liberation day’ tariffs.
Keep hearing that “America asked for this” or “America voted for this”.
The popular vote was: Trump/Vance 77,303,568 49.81% Harris/Walz 75,019,230 48.34%
Not exactly what I would call a landslide.
Watched all summer last year as 10s of 000s streamed across the US/Mexico border. Shipped to so-called “sanctuary” cities. Where they were supplied with hotel rooms, food, clothing, cell phones, in some cases debit cards.
Americans were, in that regard, fed up with it, rightly so. That is what opened the door to Trump. Not trade, not the economy, the war in Ukraine, nothing else.
Harris did not win a single swing state. Not one.
In the long run it may not matter. The American empire was, and is, on its last legs. No empire lasts forever. I did not think it meant surrendering Democratic principals, overriding the Constitution and the rule of law, but here we are.
You cannot purchase a firearm in most blue states. In red states you walk in with a driver’s license and walk out with a personal armory. If it comes down to red vs. blue, you already know the outcome.
Thailand 7.7 magnitude earthquake earlier today. At least one skyscraper collapsed, in another, a pool on the rooftop sloshed its water over the side. Scary.
jimg
March 27, 2025 7:48 am
#45722
Danielle DiMartino Booth: We are looking at a North American continent already in recession
Gemini 2.5: Our most intelligent AI model Gemini 2.5 is a thinking model, designed to tackle increasingly complex problems. Our first 2.5 model, Gemini 2.5 Pro Experimental, leads common benchmarks by meaningful margins and showcases strong reasoning and code capabilities.
The United States will help restore Russia’s access to the world market for agricultural and fertilizer exports, lower maritime insurance costs, and enhance access to ports and payment systems for such transactions.
Exxon is comfortable with prices at $50/barrel and plans to pump more oil “no matter where prices go.” (Oilprice.com)
jimg
March 23, 2025 11:39 am
#45654
Doomberg: Geopolitics, Debt, and Big Promises. How Trump is Reshuffling the World Order
Trump’s presidency, national debt challenges, energy policy, and global geopolitical dynamics.
Back in December, Doomberg described how Trump is serving the interests of the globalists and would work to install Mark Carny as Prime Minister. ( at 29:19 on the video )
Canada cannot win Trump’s trade war but would survive as a sovereign nation by joining the EU. Canada is a trading nation that has relied on negotiated trade deals with the US, which Trump is determined to end. However, Canada has the natural resources that the EU does not and has been buying from hostile countries in many cases.
I’m not an advocate, but I understand why people are discussing this now.
Floridians are mad at Trump
Join the line.
The long view about what is going on:
Global Daily: Hoot Small-ly and Reverse Nixon Again
https://www.rabobank.com/knowledge/q011473300-global-daily-hoot-small-ly-and-reverse-nixon-again
IMHO … Carlos Gutierrez had the best take on this last night on the evening CNBC show
https://www.cnbc.com/video/2025/04/02/i-assume-these-tariffs-wont-be-in-place-in-the-back-half-of-2025-says-fmr-commerce-secretary.html
What the ‘economists” are saying:
“Yet Nobel Prize winner Joseph Stiglitz, an economics professor at Columbia University, agrees with Wolfers’ assessment. Stiglitz said of Trump’s tariffs: “Virtually all economists think that the impact of the tariffs will be very bad for America and for the world.” He added: “They will almost surely be inflationary.”
https://2paragraphs.com/2025/03/theres-not-an-economist-alive-who-would-defend-trumps-tariffs-says-harvard-ph-d-economist/
Stiglitz, Wolfers, etc., including ,Goldman Sachs, Morgan Stanley, and JPMorgan, Buffet, all echoing one another. How many warned America about the impending GFC crisis?
Maybe, just maybe, tariffs are deflationary…. looking at the red on my screen, collateral is being sold. The price of oil, metals, the dollar, Red. Red, and red. Only bonds are green.
Buffet as far back as 2003. His warning:
https://www.berkshirehathaway.com/letters/growing.pdf
I will be voting for Pierre Poilievre as I no longer believe the US Congress would permit a world war by allowing Trump to invade and conquer Canada. Carney is a pink liberal who is Canada’s WEF head. He would be Trudeau-plus. His books and speeches speak volumes. Canadians must solve its economic problems that are not of Trump’s making. Trump is doing Canada a favor by getting their diverse interests aligned on tackling problems rather than kicking the can further down the socialist road. Poilievre will do what Canada needs to grow its economy the way it had been 10-20 years ago (i.e., before Trudeau introduced pink Liberal policies.)
Don’t believe Trump actually wanted Toronto … More Concerned about China & Russia submarines able to launch nuclear with reduced US warning time …
https://nauticapedia.ca/Articles/NWP_Transits_Underwater.php
BUT Maybe I’m Wrong Soooo ‘STAY FROSTY’ Just in Case … 🙂
Grant Williams and Michael Kao interview Rabobank’s Michael Every on the decline of the post-WWII Liberal World Order (LWO) and the rise of Economic Statecraft. Best explanation yet that I have seen of the intent of the Trump administration
https://www.urbankaoboy.com/p/kaos-theory-episode-9-michael-every?r=jt0hj&utm_campaign=post&utm_medium=web
USTR Releases 2025 National Trade Estimate Report
The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers.
https://ustr.gov/about/policy-offices/press-office/press-releases/2025/march/ustr-releases-2025-national-trade-estimate-report
Good Stuff. UR Really Good at finding these Nuggets. Much Appreciated. Thanks.
Another day, another hospital visit.
Today was medical imaging, thyroid. The last was in a private clinic, which took 36 pictures. The family doctor then sent me to an ENT thyroid specialist who cautioned me on what he saw but also didn’t like the picture quality, so he sent me today to what he said is the best thyroid place in the country. Same hospital where 12 months ago my surgeon said my skin cancer was too difficult for her to do it. That from a surgeon who removed two melanomas and various lesser carcinomas. She said that was the best head skin cancer place in the country. So today, 74 pictures, and a 20-minute wait followed by more pictures. The report will be ready later today. I’m thinking of booking an office suite there.
SUCCESS. I am now officially a cancer survivor. Now I can relax.
Two and a half hours after I had my procedure today, I received a copy of the radiologist report sent to the ENT and my family doctor. No further assessment for 3 months.
it’s amazing to me that shortly after getting home, I receive an electronic copy of the assessment. Not being a medical doctor, the terminology is over my head but I can read between the lines that nothing is urgently needed.
Student loans and credit scores….admitting data over the last 5 years was fake:
The 2020 forbearance marked all delinquent (but not defaulted) loans as current, causing a jump of 74 points, from 501 to 575, in the median score between 2019:Q4 and 2020:Q4 for those borrowers who were previously delinquent but not defaulted. Since then, scores continued to rise for previously delinquent borrowers (as their negative remarks aged) while scores for previously current borrowers remained relatively flat.
Defaulted borrowers saw a gradual rise in credit scores as their negative marks aged and as some borrowers voluntarily rehabilitated their defaulted loans.
However, in the fourth quarter of 2022, the Fresh Start program marked all defaulted loans as current, increasing the median score for those with a default in 2019 by 44 points, from 564 in 2022:Q1 to 608 in 2023:Q1. By the end of 2024, those borrowers with loans in delinquency or in default saw scores that were 103 and 72 points higher, respectively, than at the end of 2019.
and now?
*****Given these estimates, we expect to see more than nine million student loan borrowers face substantial declines in credit standing over the first quarter of 2025.
https://libertystreeteconomics.newyorkfed.org/2025/03/credit-score-impacts-from-past-due-student-loan-payments/
“The private equity industry directly employed 13.3 million workers in 2024, an increase from 12 million in 2022.”https://www.investmentcouncil.org/new-ey-report-shows-private-equity-strengthens-u-s-economy-with-more-jobs-higher-pay-and-increased-investment/
Maria Bartiromo interviews National Economic Council Director Kevin Hassett and the intent of the upcoming April 2nd ‘liberation day’ tariffs.
https://twitter.com/SundayFutures/status/1906365713654137102
Data Says We Haven’t Had a Recession: Mike Green on the Hidden Metrics That Tell a Different Story
https://www.youtube.com/watch?v=ZBDOU6Btwtc
Keep hearing that “America asked for this” or “America voted for this”.
The popular vote was:
Trump/Vance 77,303,568 49.81%
Harris/Walz 75,019,230 48.34%
Not exactly what I would call a landslide.
Watched all summer last year as 10s of 000s streamed across the US/Mexico border. Shipped to so-called “sanctuary” cities. Where they were supplied with hotel rooms, food, clothing, cell phones, in some cases debit cards.
Americans were, in that regard, fed up with it, rightly so. That is what opened the door to Trump. Not trade, not the economy, the war in Ukraine, nothing else.
Harris did not win a single swing state. Not one.
In the long run it may not matter. The American empire was, and is, on its last legs. No empire lasts forever. I did not think it meant surrendering Democratic principals, overriding the Constitution and the rule of law, but here we are.
You cannot purchase a firearm in most blue states. In red states you walk in with a driver’s license and walk out with a personal armory. If it comes down to red vs. blue, you already know the outcome.
These next 4 years are gonna’ be so lit.
The Roadmap:
Stephen Miran: President Trump’s Chairman of the Council of Economic Advisers
“A User’s Guide to Restructuring the Global Trading System”
https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf
Good Stuff — Good Post — Thanks!!!
New York Fed is doing a series on student loans delinquency.
A New Student Loan Delinquency Can Reduce Credit Scores by More than 150 Points
https://libertystreeteconomics.newyorkfed.org/2025/03/credit-score-impacts-from-past-due-student-loan-payments/
@BretBaier interview of Elon Musk and DOGE team members
Remarkable group of highly intelligent Americans sharing stories of inefficiency and waste of our tax money.
https://x.com/BretBaier/status/1905393918977393099
YES It was an Excellent Interview. They should do that every 2-3 months to update people.
Thailand 7.7 magnitude earthquake earlier today. At least one skyscraper collapsed, in another, a pool on the rooftop sloshed its water over the side. Scary.
Danielle DiMartino Booth: We are looking at a North American continent already in recession
https://www.youtube.com/watch?v=l3UYhcHu-Go
Gemini 2.5: Our most intelligent AI model
Gemini 2.5 is a thinking model, designed to tackle increasingly complex problems. Our first 2.5 model, Gemini 2.5 Pro Experimental, leads common benchmarks by meaningful margins and showcases strong reasoning and code capabilities.
https://blog.google/technology/google-deepmind/gemini-model-thinking-updates-march-2025/
http://www.ai.dev
Germany ‘continuing’ with F-35 fighter jets order despite concerns about over-reliance on US
https://www.straitstimes.com/world/europe/germany-continuing-with-us-f-35-fighter-jets-order-despite-concerns
The Black Sea grain deal:
The United States will help restore Russia’s access to the world market for agricultural and fertilizer exports, lower maritime insurance costs, and enhance access to ports and payment systems for such transactions.
https://www.whitehouse.gov/briefings-statements/2025/03/outcomes-of-the-united-states-and-russia-expert-groups-on-the-black-sea/
Exxon is comfortable with prices at $50/barrel and plans to pump more oil “no matter where prices go.” (Oilprice.com)
Doomberg: Geopolitics, Debt, and Big Promises. How Trump is Reshuffling the World Order
Trump’s presidency, national debt challenges, energy policy, and global geopolitical dynamics.
Back in December, Doomberg described how Trump is serving the interests of the globalists and would work to install Mark Carny as Prime Minister. ( at 29:19 on the video )
https://www.youtube.com/watch?v=2agAGd0NHsE
Google plans to release new ‘open’ AI models for drug discovery
https://techcrunch.com/2025/03/18/google-plans-to-release-new-open-ai-models-for-drug-discovery/
Revealed: How the UK tech secretary uses ChatGPT for policy advice
https://www.newscientist.com/article/2472068-revealed-how-the-uk-tech-secretary-uses-chatgpt-for-po
Could Canada join the EU?
A week ago, after Mark Carney became Prime Minister, I remarked to someone that the next question is, will he propose that Canada join the EU?
People are now talking about it.
Canada cannot win Trump’s trade war but would survive as a sovereign nation by joining the EU. Canada is a trading nation that has relied on negotiated trade deals with the US, which Trump is determined to end. However, Canada has the natural resources that the EU does not and has been buying from hostile countries in many cases.
I’m not an advocate, but I understand why people are discussing this now.