Trumpenomics
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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.
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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
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Recession, "detox," "worth the pain," "not that bad" ...
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,” ...
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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.
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@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.@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."
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They think we're idiots.
