Trumpenomics
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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 -
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.
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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@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 videoI wonder how many trillions have already been lost from the total market cap of US stocks.
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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"
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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.
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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.
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Ok, I’m tired of winning.
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.
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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.
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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.
