Trumpenomics
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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.
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I never try and time the market... but if the S&P dips down to like 5,000... I'll probably change some investments into "super aggressive growth" mode to ride the eventual rise.
Keep in mind Biden saw a 60% increase in the S&P, and Trump 1st term also so a 60% increase. It hasn't been too bad over the last 5 years (see below) and has been great since 2010.
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Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
@LuFins-Dad said in Trumpenomics:
Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
5 bucks a gallon for Premium with cash. 5.25 with credit. But our gas is really a gas. So clean since we tax the ugly bits out of it.
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@LuFins-Dad said in Trumpenomics:
Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
5 bucks a gallon for Premium with cash. 5.25 with credit. But our gas is really a gas. So clean since we tax the ugly bits out of it.
This post is deleted! -
@LuFins-Dad said in Trumpenomics:
Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
5 bucks a gallon for Premium with cash. 5.25 with credit. But our gas is really a gas. So clean since we tax the ugly bits out of it.
@NobodySock said in Trumpenomics:
@LuFins-Dad said in Trumpenomics:
Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
5 bucks a gallon for Premium with cash. 5.25 with credit. But our gas is really a gas. So clean since we tax the ugly bits out of it.
My new main squeeze to get around the town. Yes, that is a battery that resides under my ass. There's another smaller one inside the Wallke. I just mounted the rear rack so that I can Costco without my guzzlers.
