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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • 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 Online
                  Doctor PhibesD Online
                  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 Online
                        Doctor PhibesD Online
                        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
                                    • X Offline
                                      X Offline
                                      xenon
                                      wrote on last edited by
                                      #211

                                      I’ve read that tourism to the US is trending way down. Lots of blue collar jobs connected to that.

                                      1 Reply Last reply
                                      • jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote on last edited by jon-nyc
                                        #212

                                        Most years we get north of 20MM Canadians here. This year that’ll be … fewer.

                                        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
                                          #213

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          1 Reply Last reply
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