Trumpenomics
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wrote on 7 Mar 2025, 00:40 last edited by
Ben Shapiro shares Warren Buffett's wisdom:
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wrote on 7 Mar 2025, 00:50 last edited by
What the hell does he know about markets?
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wrote on 7 Mar 2025, 00:53 last edited by
It's just interesting that Shapiro is sharing it. I think most reasonable Trump supporters were hoping the tariff stuff was on the less serious side of his campaign rhetoric. Ben said as much in his debate with Sam Harris.
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It's just interesting that Shapiro is sharing it. I think most reasonable Trump supporters were hoping the tariff stuff was on the less serious side of his campaign rhetoric. Ben said as much in his debate with Sam Harris.
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. I think most reasonable Trump supporters were hoping the tariff stuff was on the less serious side of his campaign rhetoric.
I sense some buyer’s remorse in that statement.
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@Renauda The tariff stuff is in the con column, and by far the most important thing in that column. Lots of stuff in the pro column, which I won't litigate in this thread.
wrote on 7 Mar 2025, 01:14 last edited by Renauda 3 Jul 2025, 02:24I’m sure of that as well and upon much of it I
have no comment because it is internal to
the US. I too agree though that doing away with the current DOE is a good thing for the US. Am sure there are others as well.But I get it and respect that you are much more at home with Rand Paul than Trump and his ilk. There s a fair amount of Edmund Burke and Thomas Paine in my thinking as well, albeit tempered to meet the modern era.
But on foreign policy and trade, the SOB makes it my business to comment, sneer and dunk as required and deserved. Capice?
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wrote on 7 Mar 2025, 01:17 last edited by xenon 3 Jul 2025, 01:17
I know it’s becoming a new political axiom that we have no morals anymore, only interests.
But does anyone still hold on to quaint notions that character matters?
Even if it’s not a sincere internal character, but at least trying to live up to what we as a nation think a laudable leader looks like?
I think we’ll lose something every important in the long run if we let that go. But maybe I’m too much a goody two-shoes on this.
I just find Trump’s amorality… disturbing.
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@LuFins-Dad said in Trumpenomics:
Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
And that's worth how many Grade A "Large" eggs?
wrote on 7 Mar 2025, 01:23 last edited by@Axtremus said in Trumpenomics:
@LuFins-Dad said in Trumpenomics:
Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
And that's worth how many Grade A "Large" eggs?
In my neck of the woods? About nine.
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wrote on 7 Mar 2025, 15:54 last edited by
Think of the money we’ll save.
For the past five weeks, employees at National Institutes of Health technology transfer offices have been barred from filing new patent applications and been restricted from licensing existing ones, STAT reports. It’s a result of clampdowns on external communications and new contracts at the agency that are blocking it from sharing research materials with collaborators and taking crucial steps to ensure the discoveries its own scientists are making can later be used in the development of drugs and vaccines. “Being such a huge place of research, there was so much going on and a lot was already falling through the cracks,” one NIH patent specialist who was recently laid off said.
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Think of the money we’ll save.
For the past five weeks, employees at National Institutes of Health technology transfer offices have been barred from filing new patent applications and been restricted from licensing existing ones, STAT reports. It’s a result of clampdowns on external communications and new contracts at the agency that are blocking it from sharing research materials with collaborators and taking crucial steps to ensure the discoveries its own scientists are making can later be used in the development of drugs and vaccines. “Being such a huge place of research, there was so much going on and a lot was already falling through the cracks,” one NIH patent specialist who was recently laid off said.
wrote on 7 Mar 2025, 16:00 last edited by@jon-nyc said in Trumpenomics:
Think of the money we’ll save.
I'm meeting a couple of guys from the DoL next week. If I get the chance I'll ask how things are going.
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wrote on 7 Mar 2025, 17:05 last edited by
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wrote on 7 Mar 2025, 17:21 last edited by
With all these loyalists around him, the idiocy is on full display now.
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wrote on 7 Mar 2025, 17:46 last edited by
I think it's a pretty big deal to take the free market hostage, with a tariff gun to its head. If he doesn't realize what a big deal that is, because he thinks tariffs are actually good for America, then that would be a problem. But obviously, with all the delays and other exits from the threats of tariffs, he doesn't actually think they're a good thing for America. If they were, he'd just implement them regardless.
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wrote on 7 Mar 2025, 17:51 last edited by xenon 3 Jul 2025, 17:52
I can’t profess to know what’s in his head. But it seems like he’s getting hit in the face with reality when the market tanks. He might be confused as to why that’s happening.
So far he’s blaming the globalists.
Either it’s 4D chess, or he’s an idiot. Not much middle ground.
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@jon-nyc said in Trumpenomics:
Good point from Alex Tabarrok, GMU colleague of Hanson, Caplan, and Cowen.
That's what I just wrote, but I fleshed it out a bit. Did you post that for the people who have me blocked?
wrote on 7 Mar 2025, 18:12 last edited by -
I know it’s becoming a new political axiom that we have no morals anymore, only interests.
But does anyone still hold on to quaint notions that character matters?
Even if it’s not a sincere internal character, but at least trying to live up to what we as a nation think a laudable leader looks like?
I think we’ll lose something every important in the long run if we let that go. But maybe I’m too much a goody two-shoes on this.
I just find Trump’s amorality… disturbing.
wrote on 7 Mar 2025, 18:15 last edited by@xenon said in Trumpenomics:
But does anyone still hold on to quaint notions that character matters?
Even if it’s not a sincere internal character, but at least trying to live up to what we as a nation think a laudable leader looks like?
I think we’ll lose something every important in the long run if we let that go. But maybe I’m too much a goody two-shoes on this.
I just find Trump’s amorality… disturbing.
Agree 101%
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wrote on 7 Mar 2025, 18:25 last edited by Renauda 3 Jul 2025, 18:30
@taiwan_girl said in Trumpenomics:
@Horace said in Trumpenomics:
the people who have me blocked?
Noone would ever block you!!
I second that and if I found out someone did, it would be stark bolts for that person.
So far he’s blaming the globalists
Indeed, from his Oval Office window Trumpigula even sees “The Barge” docked along the Potomac.
They’re coming to get him!
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wrote on 8 Mar 2025, 03:10 last edited by
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wrote on 9 Mar 2025, 02:48 last edited by
Perhaps the most significant data point signaling a possible recession is the Federal Reserve Bank of Atlanta’s widely tracked GDPNow model, which forecasts U.S. economic output will contract by an annualized rate of -2.4% in 2025’s first quarter based on a series of economic data points.
That would be the worst economic growth since the second quarter of 2020, at the height of the COVID-19 pandemic, and set the stage for the widely accepted technical definition of a recession, two consecutive quarters of negative gross domestic product growth.
The National Bureau of Economic Research more broadly defines it as a “significant decline in economic activity that is spread across the economy and lasts more than a few months.”
Several other concerning signals have flashed regarding the health of the American economy, as consumer sentiment tumbled to a 15-month low, layoff announcements shot up to a 4.5-year high and the stock market tanked, with the benchmark S&P 500 index falling 6% from its all-time high set Feb. 19 as the implementation of tariffs rocked Wall Street.
Models tracking the probability of a U.S. recession have simultaneously shifted to indicate a higher probability of an economic pullback.
Goldman Sachs economists upped their odds of a recession over the next 12 months from 15% to 20% on Friday, naming Trump’s economic policies as the “key risk,” while Yardeni Research raised their recession odds Wednesday from 20% to 35%, citing “Trump 2.0’s head-spinning barrage of executives orders, firings, and tariffs.”
