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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • X Offline
    X Offline
    xenon
    wrote on last edited by xenon
    #165

    Maybe, just maybe…. Trump’s an idiot. It’s worth considering.

    HoraceH 1 Reply Last reply
    • X xenon

      Maybe, just maybe…. Trump’s an idiot. It’s worth considering.

      HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #166

      @xenon If he's obstinate enough about some sort of religious attachment to tariffs, that'll do till the real idiocy gets here.

      Education is extremely important.

      1 Reply Last reply
      • X Offline
        X Offline
        xenon
        wrote on last edited by
        #167

        I’m not saying it’s not a different flavor of incompetence.

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by
          #168

          Fifth fasted correction since 1950.

          IMG_3593.jpeg

          You were warned.

          LuFins DadL 1 Reply Last reply
          • HoraceH Horace

            Stock market? More like drop market.

            CopperC Offline
            CopperC Offline
            Copper
            wrote on last edited by
            #169

            @Horace said in Trumpenomics:

            Stock market? More like drop market.

            Not any more, today it is going up like a rocket!

            Let's all celebrate!

            Thanks to Mr. Trump!

            1 Reply Last reply
            • 89th8 Offline
              89th8 Offline
              89th
              wrote on last edited by
              #170

              IMG_2177.jpeg

              1 Reply Last reply
              • AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on last edited by
                #171

                North Dakota went big for Trump. Now many farmers say they face an uncertain future

                https://www.npr.org/2025/03/14/nx-s1-5320335/north-dakota-went-big-for-trump-now-many-farmers-say-they-face-an-uncertain-future

                As they get bit by tariffs, the North Dakota farmers who voted for Trump may be experiencing "buyer's remorse."

                CopperC 1 Reply Last reply
                • AxtremusA Axtremus

                  North Dakota went big for Trump. Now many farmers say they face an uncertain future

                  https://www.npr.org/2025/03/14/nx-s1-5320335/north-dakota-went-big-for-trump-now-many-farmers-say-they-face-an-uncertain-future

                  As they get bit by tariffs, the North Dakota farmers who voted for Trump may be experiencing "buyer's remorse."

                  CopperC Offline
                  CopperC Offline
                  Copper
                  wrote on last edited by
                  #172

                  @Axtremus said in Trumpenomics:

                  farmers say they face an uncertain future

                  Was there ever a farmer who did not face an uncertain future?

                  1 Reply Last reply
                  • HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote on last edited by
                    #173

                    I’ll be worried if the tariffs don’t drop his poll numbers noticeably.

                    Education is extremely important.

                    1 Reply Last reply
                    • taiwan_girlT taiwan_girl

                      @89th said in Trumpenomics:

                      "Tariffs are a tax a tax hike on foreign countries. Tariffs are a tax cut for the American people."

                      Press secretary has to be one of the worst jobs I would not want.

                      N Offline
                      N Offline
                      NobodySock
                      wrote on last edited by
                      #174

                      @taiwan_girl said in Trumpenomics:

                      @89th said in Trumpenomics:

                      "Tariffs are a tax a tax hike on foreign countries. Tariffs are a tax cut for the American people."

                      Press secretary has to be one of the worst jobs I would not want.

                      If you lie good enough, you can become governor of a red state the very next election.

                      1 Reply Last reply
                      • jon-nycJ jon-nyc

                        Fifth fasted correction since 1950.

                        IMG_3593.jpeg

                        LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote on last edited by
                        #175

                        @jon-nyc said in Trumpenomics:

                        Fifth fasted correction since 1950.

                        IMG_3593.jpeg

                        That’s great news! It means everyone is investing in bonds, which is huge since we’re raising our debt and pretty soon no other countries will want to buy it! Winning at 5D Chess!

                        The Brad

                        1 Reply Last reply
                        • JollyJ Offline
                          JollyJ Offline
                          Jolly
                          wrote on last edited by Jolly
                          #176

                          If you lie good enough, you can become governor of a red state the very next election.

                          Or you can run for POTUS in the 2028 Democrat primaries.

                          Helps if you're half dead. Bring your own bongos.

                          “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
                            #177

                            Ha.

                            You were warned.

                            1 Reply Last reply
                            • HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #178

                              Good take from Larry Summers, starting at 9:30.

                              Link to video

                              Education is extremely important.

                              1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote on last edited by
                                #179

                                Funny how they never claimed the stock market was "overvalued" during the late Biden administration, the fall campaign, the transition, or even Trump's first month when he promised immediate prosperity.

                                But his tariffs cause a 10% freefall and suddenly "corrections are healthy."

                                IMG_3668.jpeg

                                You were warned.

                                LuFins DadL 1 Reply Last reply
                                • HoraceH Offline
                                  HoraceH Offline
                                  Horace
                                  wrote on last edited by
                                  #180

                                  There was always a fair case to be made that the market was overvalued (and continues to be). But that doesn't mean that this correction has anything to do with anything other than the chaos tariffs.

                                  Education is extremely important.

                                  jon-nycJ 1 Reply Last reply
                                  • jon-nycJ jon-nyc

                                    Funny how they never claimed the stock market was "overvalued" during the late Biden administration, the fall campaign, the transition, or even Trump's first month when he promised immediate prosperity.

                                    But his tariffs cause a 10% freefall and suddenly "corrections are healthy."

                                    IMG_3668.jpeg

                                    LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote on last edited by
                                    #181

                                    @jon-nyc said in Trumpenomics:

                                    Funny how they never claimed the stock market was "overvalued" during the late Biden administration, the fall campaign, the transition, or even Trump's first month when he promised immediate prosperity.

                                    But his tariffs cause a 10% freefall and suddenly "corrections are healthy."

                                    IMG_3668.jpeg

                                    That’s willfully ignoring many posts and links from @Jolly over that time discussing the real estate bubble and way out of proportion PE Ratios. There were discussions about why Buffett was holding so much cash, and several times there were links provided where Trump himself was stating there was a likely recession coming and he almost didn’t want the job because of the predicted downturn.

                                    All that being said, as @Horace pointed out, we are all still blaming the current fall on the Trump Tariff Tangent, and it’s likely not a true correction. We will have to wait and see.

                                    The Brad

                                    1 Reply Last reply
                                    • HoraceH Horace

                                      There was always a fair case to be made that the market was overvalued (and continues to be). But that doesn't mean that this correction has anything to do with anything other than the chaos tariffs.

                                      jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by jon-nyc
                                      #182

                                      @Horace said in Trumpenomics:

                                      There was always a fair case to be made that the market was overvalued (and continues to be). But that doesn't mean that this correction has anything to do with anything other than the chaos tariffs.

                                      My point was they (Trump and his financial team) never even hinted that they believed that before the Trump sell off.

                                      You were warned.

                                      HoraceH 1 Reply Last reply
                                      • X Offline
                                        X Offline
                                        xenon
                                        wrote on last edited by
                                        #183

                                        Existing over valuation - if it were real - makes the situation worse.

                                        The fed will use its dry powder to combat the tariff-induced slowdown. When (if) the real slowdown comes, we’re extra fucked.

                                        1 Reply Last reply
                                        • jon-nycJ jon-nyc

                                          @Horace said in Trumpenomics:

                                          There was always a fair case to be made that the market was overvalued (and continues to be). But that doesn't mean that this correction has anything to do with anything other than the chaos tariffs.

                                          My point was they (Trump and his financial team) never even hinted that they believed that before the Trump sell off.

                                          HoraceH Offline
                                          HoraceH Offline
                                          Horace
                                          wrote on last edited by
                                          #184

                                          @jon-nyc said in Trumpenomics:

                                          @Horace said in Trumpenomics:

                                          There was always a fair case to be made that the market was overvalued (and continues to be). But that doesn't mean that this correction has anything to do with anything other than the chaos tariffs.

                                          My point was they (Trump and his financial team) never even hinted that they believed that before the Trump sell off.

                                          I took your point, that they are using situational rhetoric. That would be ubiquitous in all of politics.

                                          Education is extremely important.

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