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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • jon-nycJ jon-nyc

    @taiwan_girl said in Trumpenomics:

    https://www.forbes.com/sites/mayrarodriguezvalladares/2025/03/04/economic-and-market-data-signal-a-recession-is-coming/

    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.

    taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote on last edited by
    #96

    @jon-nyc said in Trumpenomics:

    They’re talking about changing the GDP calculation to hide that.

    Yeah, I saw that. To me, you need a baseline to compare different periods and times. Changing the numbers to make yourself look better is not a good idea.

    1 Reply Last reply
    • 89th8 Offline
      89th8 Offline
      89th
      wrote on last edited by
      #97

      At 9:30...

      Worried about a recession? "We're going to take in hundreds of billions of dollars from tariffs, we're going to become so rich you can't even spend all the money."

      What is he talking about? Does he understand how tariffs work? At 9:30...

      Link to video

      HoraceH 1 Reply Last reply
      • jon-nycJ Online
        jon-nycJ Online
        jon-nyc
        wrote on last edited by
        #98

        He either doesn’t understand them or he’s constantly lying about it. Unclear to me which is the more charitable. I think the bulk of the evidence points to the former. As the Cato guys point out, it may be the only policy position he’s been consistent about since the 80s.

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        1 Reply Last reply
        • 89th8 89th

          At 9:30...

          Worried about a recession? "We're going to take in hundreds of billions of dollars from tariffs, we're going to become so rich you can't even spend all the money."

          What is he talking about? Does he understand how tariffs work? At 9:30...

          Link to video

          HoraceH Offline
          HoraceH Offline
          Horace
          wrote on last edited by
          #99

          @89th said in Trumpenomics:

          At 9:30...

          Worried about a recession? "We're going to take in hundreds of billions of dollars from tariffs, we're going to become so rich you can't even spend all the money."

          What is he talking about? Does he understand how tariffs work? At 9:30...

          Link to video

          I wonder how many trillions have already been lost from the total market cap of US stocks.

          Education is extremely important.

          1 Reply Last reply
          • X Offline
            X Offline
            xenon
            wrote on last edited by
            #100

            I’m going to assume that he takes an off-ramp if things get really hairy.

            But what is the escape hatch if he starts digging his heels in?

            1 Reply Last reply
            • jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote on last edited by
              #101

              Interesting from Cato.

              On shoring all Canadian aluminum would require "over 40 million megawatt-hours of electricity. This is nearly four and a half times the annual electricity production of the Hoover Dam, enough to power 460 data centers or the entire state of Nevada for a year"

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              1 Reply Last reply
              • RenaudaR Offline
                RenaudaR Offline
                Renauda
                wrote on last edited by Renauda
                #102

                Premier of Ontario just announced 10 minutes ago that effective immediately Ontario will impose a 25% surcharge on its electricity exports into US until such time all threats of US tariffs against Canada are off the table. He also stated that if the US retaliates, he will increase the export surcharge or shut off all electrical power exports from Ontario into the US.

                Elbows up!

                1 Reply Last reply
                • X Offline
                  X Offline
                  xenon
                  wrote on last edited by
                  #103

                  The premier of BC put in place legislation to start charging levies on commercial trucks going up to Alaska.

                  Not saying that’s the right thing to do - but these guys are going on their war footing.

                  1 Reply Last reply
                  • HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote on last edited by
                    #104

                    I wonder what fraction of a percentage of the American economy these better trade agreements might even be worth. In the best case scenario that better trade agreements are the actual motivation here, rather than an attempt to remake an isolationist America, for which Maga does not have nearly enough runway, and so it would end up being a destructive and aborted project after the next election.

                    Education is extremely important.

                    1 Reply Last reply
                    • jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by
                      #105

                      I don’t know how we could have known that mercantilist trade policy would be captured by special interests.

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      1 Reply Last reply
                      • X Offline
                        X Offline
                        xenon
                        wrote on last edited by
                        #106

                        Betting markets have recession chance at 40% right now.

                        1 Reply Last reply
                        • HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote on last edited by
                          #107

                          Today seems to be verging on an historic daily loss. The market doesn't trust that Trump won't actually go through with the ruinous tariffs.

                          Education is extremely important.

                          1 Reply Last reply
                          • JollyJ Offline
                            JollyJ Offline
                            Jolly
                            wrote on last edited by
                            #108

                            Recession?

                            Don't think so. I do think we're in for a slow down.

                            “Cry havoc and let slip the DOGE of war!”

                            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                            1 Reply Last reply
                            • jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote on last edited by
                              #109

                              I don’t know that we’ve ever had a recession with a single author before. This is very preventable and who knows he may still back off.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              1 Reply Last reply
                              • RenaudaR Offline
                                RenaudaR Offline
                                Renauda
                                wrote on last edited by
                                #110

                                Slow down or full blown recession both trace back to one stupid narcissist who thought he could fool the market.

                                Elbows up!

                                1 Reply Last reply
                                • Doctor PhibesD Offline
                                  Doctor PhibesD Offline
                                  Doctor Phibes
                                  wrote on last edited by
                                  #111

                                  Ok, I’m tired of winning.

                                  I was only joking

                                  RenaudaR 1 Reply Last reply
                                  • Doctor PhibesD Doctor Phibes

                                    Ok, I’m tired of winning.

                                    RenaudaR Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote on last edited by Renauda
                                    #112

                                    @Doctor-Phibes

                                    Ok, I’m tired of winning.

                                    No need to dog whistle the resident MAGAt troll. It will show up anyway barking the usual trite tidbit of vacuous snark.

                                    Elbows up!

                                    1 Reply Last reply
                                    • jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by
                                      #113

                                      IMG_3523.jpeg

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      1 Reply Last reply
                                      • HoraceH Offline
                                        HoraceH Offline
                                        Horace
                                        wrote on last edited by
                                        #114

                                        By my quick calculations, the S&P 500 companies alone lost about 15% of the national debt in market cap over the past month or so of tariff chaos.

                                        Of course, market cap losses are not the same thing as getting that much liquid value out of the stocks. Any such attempt would drive the price way lower, I guess.

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • X Offline
                                          X Offline
                                          xenon
                                          wrote on last edited by xenon
                                          #115

                                          My worry is supply chain de-coupling. After Trump 45, the most successful part of his China policy was getting companies to factor in risks from investing in China.

                                          It caused many new plant investments to shift away from China.

                                          European and Canadian companies (really anyone), will now think twice before they invest in the US as a part of their supply chain or end market.

                                          That’s not a win for the US. It seems like he’s burning the boats for some inexplicable reason.

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