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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • HoraceH Horace

    @LuFins-Dad said in Trumpenomics:

    If it was possible to have factories up and running within a month or two, this still wouldn’t have merit.

    I have hope that automation will be allowed to continue apace, and having automated factories in America would actually be a good thing. Musk is a pioneer of factory automation, so it's not far-fetched that this is in the mind of the administration.

    The other hope would be that the tariffs are a negotiating tool which will motivate more advantageous trade agreements for America.

    RenaudaR Offline
    RenaudaR Offline
    Renauda
    wrote on last edited by
    #191

    @Horace

    The other hope would be that the tariffs are a negotiating tool which will motivate more advantageous trade agreements for America.

    Take dairy. Hypothetically Canada caves and gets rid of its supply management that assigns the US a tariff free quota for dairy products. We too revert back to a government subsidy system as in the US and EU, to keep our domestic dairy industry viable - you know, the Support Your Local Farmer ethos. The problem though is that consumers here are so pissed off at the US that they refuse to buy US produced dairy products. Canadian distributors and suppliers stop importing because the demand is not there. Consumers would rather pay a premium for Canadian or EU made products because they are not of US origin.

    Once again I come back to the statement, you cannot fool the market.

    Elbows up!

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #192
      1. I think real estate is still in a bubble.
      2. I also think a lot of P/E ratios are hideous.

      “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

      AxtremusA 1 Reply Last reply
      • JollyJ Jolly
        1. I think real estate is still in a bubble.
        2. I also think a lot of P/E ratios are hideous.
        AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #193

        @Jolly said in Trumpenomics:

        1. I think real estate is still in a bubble.
        2. I also think a lot of P/E ratios are hideous.

        High asset prices and high PE ratios are products of market and consumer optimism.

        I think the Trump policies are doing a great number on that optimism.

        1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by jon-nyc
          #194

          I don’t see the sociological signs of a housing bubble but I agree with you on P/Es.

          Housing is expensive, largely because we subsidize homeborrowership while restricting the fuck out of new supply.

          It could come down as interest rates go back up, which seems inevitable.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • jon-nycJ Offline
            jon-nycJ Offline
            jon-nyc
            wrote on last edited by
            #195

            Funny from the Cato guy.

            Only non-witches get due process.

            • Cotton Mather, Salem Massachusetts, 1692
            1 Reply Last reply
            • CopperC Offline
              CopperC Offline
              Copper
              wrote on last edited by
              #196

              If this is a good forecast housing might get a little cheaper.

              https://tradingeconomics.com/united-states/bank-lending-rate

              United States Average Monthly Prime Lending Rate

              image.png

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #197

                Well, it helps that baby boomers are dying, too.

                “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 Offline
                  jon-nycJ Offline
                  jon-nyc
                  wrote on last edited by
                  #198

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote on last edited by
                    #199

                    IMG_3672.jpeg

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    1 Reply Last reply
                    • AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote on last edited by
                      #200

                      Recession, "detox," "worth the pain," "not that bad" ...

                      https://www.nytimes.com/2025/03/18/business/economy/trump-recession-tariffs-inflation.html?unlocked_article_code=1.404.CP0f.04Af70FBQrUj

                      Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

                      “It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” ...

                      1 Reply Last reply
                      • Doctor PhibesD Offline
                        Doctor PhibesD Offline
                        Doctor Phibes
                        wrote on last edited by Doctor Phibes
                        #201

                        They'll change their tune pretty quickly if there is a recession and Trump's popularity goes down the toilet.

                        A bunch of millionaires and billionaires telling regular folk that they need to suffer for the common good is really going to go down well.

                        I was only joking

                        1 Reply Last reply
                        • 89th8 Offline
                          89th8 Offline
                          89th
                          wrote on last edited by
                          #202

                          image.png

                          1 Reply Last reply
                          • jon-nycJ jon-nyc

                            @89th said in Trumpenomics:

                            "Tariffs are a tax hike on foreign countries. Tariffs are a tax cut for the American people." Either I totally am wrong (possible) or I think the white house truly has NO idea what a tariff is and who pays it. WTFFFFFFFF

                            Of course she snips at the AP at the end of it.

                            a good summary.

                            For those who do not follow economics, here's basically what happened:

                            Leavitt: 2+2=Purple.
                            AP Reporter: I have a calculator and 2+2=4.
                            Leavitt: How DARE you insult my math skills!
                            Conservative Media: White House DESTROYS disrespectful and un-American AP reporter.

                            taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote on last edited by
                            #203

                            @jon-nyc said in Trumpenomics:

                            @89th said in Trumpenomics:

                            "Tariffs are a tax hike on foreign countries. Tariffs are a tax cut for the American people." Either I totally am wrong (possible) or I think the white house truly has NO idea what a tariff is and who pays it. WTFFFFFFFF

                            Of course she snips at the AP at the end of it.

                            a good summary.

                            For those who do not follow economics, here's basically what happened:

                            Leavitt: 2+2=Purple.
                            AP Reporter: I have a calculator and 2+2=4.
                            Leavitt: How DARE you insult my math skills!
                            Conservative Media: White House DESTROYS disrespectful and un-American AP reporter.

                            During an interview show over the weekend

                            White House Press Secretary Karoline Leavitt accused Associated Press reporter Josh Boak of "failing" to see President Trump's "long-term economic strategy" in a Sunday interview, days after he sparred with her over tariffs during a press briefing.

                            "He [Boak] clearly fails to see President Trump's long-term economic strategy, which is to bring in so much revenue, so much wealth into our country through tariffs, that we can give larger tax cuts to the American people to put more money back into their pockets," Leavitt told Maria Bartiromo on "Sunday Morning Futures."

                            1 Reply Last reply
                            • Doctor PhibesD Offline
                              Doctor PhibesD Offline
                              Doctor Phibes
                              wrote on last edited by
                              #204

                              They think we're idiots.

                              I was only joking

                              1 Reply Last reply
                              • CopperC Offline
                                CopperC Offline
                                Copper
                                wrote on last edited by
                                #205

                                we?

                                1 Reply Last reply
                                • jon-nycJ Offline
                                  jon-nycJ Offline
                                  jon-nyc
                                  wrote on last edited by
                                  #206

                                  Even Bartitromo is tired of it.

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  1 Reply Last reply
                                  • jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote on last edited by
                                    #207

                                    I would imagine this is cover and really they’re trying to shield farmers from the impact of the trade war.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • CopperC Offline
                                      CopperC Offline
                                      Copper
                                      wrote on last edited by
                                      #208

                                      DJIA is up over the last 5 days.

                                      Tariffs are working!

                                      1 Reply Last reply
                                      • jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote on last edited by
                                        #209

                                        Consumer confidence at levels not seen since Covid.

                                        Good job, Donny.

                                        IMG_3791.jpeg

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • 89th8 Offline
                                          89th8 Offline
                                          89th
                                          wrote on last edited by
                                          #210

                                          Maybe he thinks this is golf where the lowest score wins?

                                          1 Reply Last reply
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