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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • X Offline
    X Offline
    xenon
    wrote on 3 Apr 2025, 14:39 last edited by
    #295

    It’s TDS to think the largest tax hike in history should go through Congress.

    J 1 Reply Last reply 3 Apr 2025, 14:43
    • L Offline
      L Offline
      LuFins Dad
      wrote on 3 Apr 2025, 14:42 last edited by
      #296

      Think we will end the day below 39K?

      The Brad

      1 Reply Last reply
      • X xenon
        3 Apr 2025, 14:39

        It’s TDS to think the largest tax hike in history should go through Congress.

        J Online
        J Online
        jon-nyc
        wrote on 3 Apr 2025, 14:43 last edited by
        #297

        @xenon said in Trumpenomics:

        It’s TDS to think the largest peacetime tax hike in history should go through Congress.

        For the record (just) one of the tax hikes during WW-2 was higher as a percentage of GDP.

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        1 Reply Last reply
        • D Doctor Phibes
          3 Apr 2025, 14:30

          @Renauda said in Trumpenomics:

          @LuFins-Dad

          . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

          Rand Paul is a lonely voice in the current GOP echo chamber.

          He's been accused of having TDS, predictably

          R Offline
          R Offline
          Renauda
          wrote on 3 Apr 2025, 14:46 last edited by
          #298

          @Doctor-Phibes said in Trumpenomics:

          @Renauda said in Trumpenomics:

          @LuFins-Dad

          . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

          Rand Paul is a lonely voice in the current GOP echo chamber.

          He's been accused of having TDS, predictably

          Yes, and I now have it from an anonymous albeit unimpeachable source that the derangement aspect of TDS has now progressed to the demonization phase. It’s just sooo unfair to the mango Mussolini.

          Elbows up!

          D 1 Reply Last reply 3 Apr 2025, 14:48
          • R Renauda
            3 Apr 2025, 14:46

            @Doctor-Phibes said in Trumpenomics:

            @Renauda said in Trumpenomics:

            @LuFins-Dad

            . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

            Rand Paul is a lonely voice in the current GOP echo chamber.

            He's been accused of having TDS, predictably

            Yes, and I now have it from an anonymous albeit unimpeachable source that the derangement aspect of TDS has now progressed to the demonization phase. It’s just sooo unfair to the mango Mussolini.

            D Online
            D Online
            Doctor Phibes
            wrote on 3 Apr 2025, 14:48 last edited by
            #299

            @Renauda said in Trumpenomics:

            demonization

            08e1752c-59ed-4705-9349-ba7d5ce2d36e-image.png

            I was only joking

            1 Reply Last reply
            • J Online
              J Online
              jon-nyc
              wrote on 3 Apr 2025, 14:50 last edited by
              #300

              Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              D 1 Reply Last reply 3 Apr 2025, 14:52
              • J jon-nyc
                3 Apr 2025, 14:50

                Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

                D Online
                D Online
                Doctor Phibes
                wrote on 3 Apr 2025, 14:52 last edited by
                #301

                @jon-nyc said in Trumpenomics:

                Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

                I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

                I was only joking

                L 1 Reply Last reply 3 Apr 2025, 15:26
                • D Doctor Phibes
                  3 Apr 2025, 14:52

                  @jon-nyc said in Trumpenomics:

                  Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

                  I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

                  L Offline
                  L Offline
                  LuFins Dad
                  wrote on 3 Apr 2025, 15:26 last edited by
                  #302

                  @Doctor-Phibes said in Trumpenomics:

                  @jon-nyc said in Trumpenomics:

                  Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

                  I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

                  I think the best thing we can do at this point is to nationalize the stock market.

                  The Brad

                  1 Reply Last reply
                  • H Online
                    H Online
                    Horace
                    wrote on 3 Apr 2025, 15:43 last edited by
                    #303

                    Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                    Education is extremely important.

                    L D 2 Replies Last reply 3 Apr 2025, 16:38
                    • J Online
                      J Online
                      jon-nyc
                      wrote on 3 Apr 2025, 15:48 last edited by
                      #304

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      J 1 Reply Last reply 3 Apr 2025, 15:50
                      • J jon-nyc
                        3 Apr 2025, 15:48

                        J Offline
                        J Offline
                        Jolly
                        wrote on 3 Apr 2025, 15:50 last edited by
                        #305

                        @jon-nyc said in Trumpenomics:

                        It's not current market conditions. They've been consolidating and off-shoring for quite some time.

                        “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
                        • 8 Offline
                          8 Offline
                          89th
                          wrote on 3 Apr 2025, 15:59 last edited by
                          #306

                          Whirlpool is an appropriate image right now

                          1 Reply Last reply
                          • J Offline
                            J Offline
                            Jolly
                            wrote on 3 Apr 2025, 16:04 last edited by
                            #307

                            And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

                            I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.

                            It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.

                            “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

                            H 1 Reply Last reply 3 Apr 2025, 16:22
                            • R Offline
                              R Offline
                              Renauda
                              wrote on 3 Apr 2025, 16:16 last edited by Renauda 4 Mar 2025, 16:21
                              #308

                              It is also strategic. You cannot depend on steel, aluminum….when those commodities come from adversarial nations or nations prone to a threat of instability.

                              I beg your pardon, Foghorn, but the major source of steel and aluminum imports into the US is Canada.

                              Stop with your bullshit. You understand sweet fuck all. In fact you’re like a blind queer at a weenie roast on this- you don’t know what the hell is happening out there. You’re just making shit up while you carry the water Trumpigula’s catheter bag.

                              Elbows up!

                              1 Reply Last reply
                              • J Jolly
                                3 Apr 2025, 16:04

                                And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

                                I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.

                                It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.

                                H Online
                                H Online
                                Horace
                                wrote on 3 Apr 2025, 16:22 last edited by
                                #309

                                @Jolly said in Trumpenomics:

                                And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

                                It's where 401ks and IRAs generally are, and that touches a huge swath of people. And it is the report card of corporate health in America, which is where the jobs come from. It is a huge deal, and acknowledging that does not depend on anybody having all their eggs in a single basket.

                                All that said, one would be hard pressed to find a better vehicle for wealth generation than the stock market, over any of our lifetimes. Folksy wisdom about diversification into "something else" would be difficult to justify with historical results. Admittedly, gold has actually held up well over the past 25 years compared to the stock market. Real estate hasn't.

                                Education is extremely important.

                                1 Reply Last reply
                                • J Offline
                                  J Offline
                                  Jolly
                                  wrote on 3 Apr 2025, 16:25 last edited by
                                  #310

                                  Farmland. Good farmland.

                                  Has outperformed the stockmarket since about 1900, IIRC.

                                  “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

                                  D H 2 Replies Last reply 3 Apr 2025, 16:27
                                  • J Jolly
                                    3 Apr 2025, 16:25

                                    Farmland. Good farmland.

                                    Has outperformed the stockmarket since about 1900, IIRC.

                                    D Online
                                    D Online
                                    Doctor Phibes
                                    wrote on 3 Apr 2025, 16:27 last edited by Doctor Phibes 4 Mar 2025, 16:27
                                    #311

                                    @Jolly said in Trumpenomics:

                                    Farmland. Good farmland.

                                    That would certainly explain the smell.

                                    I was only joking

                                    1 Reply Last reply
                                    • J Jolly
                                      3 Apr 2025, 16:25

                                      Farmland. Good farmland.

                                      Has outperformed the stockmarket since about 1900, IIRC.

                                      H Online
                                      H Online
                                      Horace
                                      wrote on 3 Apr 2025, 16:32 last edited by
                                      #312

                                      @Jolly said in Trumpenomics:

                                      Farmland. Good farmland.

                                      Has outperformed the stockmarket since about 1900, IIRC.

                                      Ok, invest in farmland REITs. But that would still be the stock market. And if the REITs aren't the same thing as "investing in good farmland", then I wonder if you're talking about a business involving the ownership of farmland, rather than a set it and forget it investment. My dad's family farm did not exactly make anybody rich, not while they were farming it and not after they sold it, I can tell you that.

                                      Education is extremely important.

                                      1 Reply Last reply
                                      • D Online
                                        D Online
                                        Doctor Phibes
                                        wrote on 3 Apr 2025, 16:35 last edited by
                                        #313

                                        For years, they've been telling us not to rely on Social Security, and invest in 401K's. Now they're fucking the market up for the greater good and yet somehow we're the fools.

                                        I was only joking

                                        1 Reply Last reply
                                        • H Horace
                                          3 Apr 2025, 15:43

                                          Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 3 Apr 2025, 16:38 last edited by
                                          #314

                                          @Horace said in Trumpenomics:

                                          Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                                          Hey, I get a percentage of every sale I make. I’m sure I can twist that to come across as I just got a raise…

                                          The Brad

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