Trumpenomics
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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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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?
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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.
@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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@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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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.”
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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.”
@taiwan_girl said in Trumpenomics:
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.
They’re talking about changing the GDP calculation to hide that.
Typical MAGAT projection. Accuse the other side of manipulating the numbers, then go manipulate the numbers.
