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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • A Offline
    A Offline
    AndyD
    wrote on last edited by
    #621

    How are the farmers
    of America taking this?
    Are they more likely to plant crops or sell their machines?

    E.g. China has been stockpiling soybeans, and Brazil is an alternative supplier. Chinese import tax on US soybeans is now 104% ?

    1 Reply Last reply
    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by
      #622

      We have 9T of debt that matures in 2025, all of which we need to reissue and of course Trump will issue several trillion more.

      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
        #623

        Maybe this time Trump will say "China will pay for it."

        1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by
          #624

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by
            #625

            Good lord. The comments…

            The Brad

            1 Reply Last reply
            • HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #626

              I'm unsurprised that economic destruction is no big deal to people with nothing economic to lose.

              Education is extremely important.

              1 Reply Last reply
              • jon-nycJ Offline
                jon-nycJ Offline
                jon-nyc
                wrote on last edited by jon-nyc
                #627

                If this was 4D chess to get interest rates down for debt refinancing, I think the fat man got mated in 6 moves.

                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
                  #628

                  Dollar index against a currency basket.

                  IMG_4091.jpeg

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote last edited by
                    #629

                    From UBS:

                    Treasury Secretary Bessent said that they saw nothing unusual in yesterday’s market moves.

                    The 30yr treasury experienced the biggest increase since 1982, equities are falling, the dollar is falling, and gold hit an all time high.

                    Economists might consider this pattern not entirely usual.

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    1 Reply Last reply
                    • 89th8 Offline
                      89th8 Offline
                      89th
                      wrote last edited by
                      #630

                      I think of Larry every time I hear about the gold price. 🙂

                      1 Reply Last reply
                      • AxtremusA Offline
                        AxtremusA Offline
                        Axtremus
                        wrote last edited by Axtremus
                        #631

                        Op-ed praising Trump's genius tariff moves, comparing Trump to Tuft, McKinley, Ford, Reagan:

                        https://www.usatoday.com/story/opinion/columnist/2025/04/10/trump-tariffs-pause-stock-market-manipulation/83019881007/

                        1 Reply Last reply
                        • jon-nycJ Offline
                          jon-nycJ Offline
                          jon-nyc
                          wrote last edited by
                          #632

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • 89th8 Offline
                            89th8 Offline
                            89th
                            wrote last edited by
                            #633

                            An odd situation. The Chinese economy is under stress (real estate, demographics, etc), and they are highly reliant on exports. Then again, there are other customers to export to than the USA. On our side, the USA is highly reliant on Chinese exports both for end products but also supply chain for so many companies. Really it seems to be more about two power egos fighting it out than realistic long-term international trade objectives. Not sure how it plays out but it will be interesting to see in a year or so how it compares to December 2024 numbers.

                            taiwan_girlT 1 Reply Last reply
                            • jon-nycJ Offline
                              jon-nycJ Offline
                              jon-nyc
                              wrote last edited by
                              #634

                              This is definitely a bad time for China to have a trade war. The question is how much pain is he willing to subject his peasantry to in order to save face for China and himself.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              1 Reply Last reply
                              • LuFins DadL LuFins Dad

                                This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.

                                I think I’ve been blunt, I despise American Labor Unions. I think that they served a needed and valuable function 80 years ago, but are no longer needed, and have actually harmed American manufacturing extensively over the past 50 years. I also despise protectionist policies that go hand-in-hand with Union goals.

                                That being said, the response seems over the top. A little too much overreaction. Personally, I’ll tighten the belt a little (very glad the last tuition check has been cashed for Lucas) and will invest a little more aggressively over the next few weeks…

                                jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote last edited by
                                #635

                                @LuFins-Dad said in Trumpenomics:

                                This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.

                                What I don’t get is how this is consistent with your comment from 2 weeks ago or so about OMB and CBO underestimating the negative effects of tax increases. This is still the largest tax increase of your lifetime or mine.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                LuFins DadL 1 Reply Last reply
                                • JollyJ Offline
                                  JollyJ Offline
                                  Jolly
                                  wrote last edited by
                                  #636

                                  If we do not consider Hong Kong a separate entity from China, the U.S. accounts for between 15-20% of Chinese exports.

                                  “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

                                  Doctor PhibesD 1 Reply Last reply
                                  • JollyJ Jolly

                                    If we do not consider Hong Kong a separate entity from China, the U.S. accounts for between 15-20% of Chinese exports.

                                    Doctor PhibesD Offline
                                    Doctor PhibesD Offline
                                    Doctor Phibes
                                    wrote last edited by
                                    #637

                                    @Jolly said in Trumpenomics:

                                    If we do not consider Hong Kong a separate entity from China, the U.S. accounts for between 15-20% of Chinese exports.

                                    It's clearly extremely important for China. The question is how much pain the populace is willing to put up with in fighting a trade war compared to the American electorate.

                                    I was only joking

                                    1 Reply Last reply
                                    • JollyJ Offline
                                      JollyJ Offline
                                      Jolly
                                      wrote last edited by
                                      #638

                                      Ol' Gretchen wasn't in the Oval Office this week, just to suck Trump's dick.

                                      “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 jon-nyc

                                        @LuFins-Dad said in Trumpenomics:

                                        This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.

                                        What I don’t get is how this is consistent with your comment from 2 weeks ago or so about OMB and CBO underestimating the negative effects of tax increases. This is still the largest tax increase of your lifetime or mine.

                                        LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote last edited by
                                        #639

                                        @jon-nyc said in Trumpenomics:

                                        @LuFins-Dad said in Trumpenomics:

                                        This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.

                                        What I don’t get is how this is consistent with your comment from 2 weeks ago or so about OMB and CBO underestimating the negative effects of tax increases. This is still the largest tax increase of your lifetime or mine.

                                        1. My comments aimed at the CBO are specific about the validity on their long term projections. I specifically stated that their 10 year projections are crap and always have been. Please explain to me how that’s changed?

                                        2. I’ve been pretty outspoken regarding the tariffs and being firmly against them. I’ve also always been very vocal about protectionism. I am absolutely dead set against it.But i also am not into panicking , especially when I don’t honestly believe DJT actually intends to use them beyond leverage. It’s Nixon’s madman theory applied to economics. He has to make EVERYBODY believe he’s willing to burn down the house. This is all a big show… The market’s going to be chaos for a few weeks and months but this shit he’s pulling is straight out of that hod awful book. He’s playing everybody that’s getting panicked.

                                        The Brad

                                        1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote last edited by
                                          #640

                                          Now I don’t expect it to work…

                                          The Brad

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