Alexandra Scaggs

2 months ago | theehedge.substack.com | Alexandra Scaggs

Looks like American breakfast isn’t saved after all. Sorry everybody!I reported on declining egg prices for FT Alphaville this month. This was a fun story, because a big jump in US imports from Turkey and Mexico helped drive at least some of the decline. It also landed right as the White House (briefly) decided to slap super-high tariffs on a bunch of stuff, including food products that can’t really be grown here. Egg prices did fall, so the story wasn’t wrong.

2 months ago | theehedge.substack.com | Alexandra Scaggs

Remember in the first Trump Administration when policymakers spent lots of time talking about multinational companies’ giant cash hoards that were supposedly “trapped overseas”? (But managed out of Nevada?)While they’re smaller than they used to be, BigTech companies still have them. Thanks for reading The Hedge! Subscribe for free to receive new posts and support my work. Changes in tax law were supposed to encourage companies to “bring back… profits”, whatever that would entail.

2 months ago | theehedge.substack.com | Alexandra Scaggs

Markets: They’re in crisis!! Again!! I’ve covered plenty of financial-market messes, and this one is the weirdest by far. So let’s unpack what’s happened since “Liberation Day”, when the Trump Administration unveiled a baffling round of tariffs that managed to piss off almost every single trading partner. The bad news is the market’s response does probably matter for you. Thanks for reading The Hedge! Subscribe for free to receive new posts and support my work.

2 months ago | ft.com | Alexandra Scaggs

Dear Bond Vigilantes, As a great man once said: “I owe you an apology.

2 months ago | ft.com | Alexandra Scaggs

Hahahahaha OK then!!!! For the next 90 days, the US will impose 10-per-cent universal tariffs instead of the “reciprocal” tariffs...