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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote 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 last edited by
      #625

      Good lord. The comments…

      The Brad

      1 Reply Last reply
      • HoraceH Offline
        HoraceH Offline
        Horace
        wrote 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 Online
          jon-nycJ Online
          jon-nyc
          wrote 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 Online
            jon-nycJ Online
            jon-nyc
            wrote 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 Online
              jon-nycJ Online
              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 Away
                  AxtremusA Away
                  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 Online
                    jon-nycJ Online
                    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 Online
                        jon-nycJ Online
                        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 Online
                          jon-nycJ Online
                          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

                                    1 Reply Last reply
                                    • HoraceH Offline
                                      HoraceH Offline
                                      Horace
                                      wrote last edited by
                                      #641

                                      The issue is that America has to trust that Trump will respond if his economic decisions are hurting us, by numbers such as joblessness and inflation. America has to trust that he'll change course even if his ego is tied up in a battle with Xi. I'm not sure that reasonable Trump whisperers would trust that.

                                      Education is extremely important.

                                      1 Reply Last reply
                                      • jon-nycJ jon-nyc

                                        Do we have any Tata cars in the US? And who’s Geely?

                                        taiwan_girlT Offline
                                        taiwan_girlT Offline
                                        taiwan_girl
                                        wrote last edited by
                                        #642

                                        @jon-nyc said in Trumpenomics:

                                        Do we have any Tata cars in the US? And who’s Geely?

                                        Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.

                                        Geely is a big China car maker. I believe that they own Volvo now.

                                        KlausK 1 Reply Last reply
                                        • 89th8 89th

                                          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 Offline
                                          taiwan_girlT Offline
                                          taiwan_girl
                                          wrote last edited by
                                          #643

                                          @89th said in Trumpenomics:

                                          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.

                                          This. I know some people in the oil/petrochemical business and the word is that the Chinese are dropping the price of petrochemicals as there is lessening internal demand in China and possible loss of any US market (for plastics for example which come from p-xylene). So, they are ramping up exports to countries that they normally do not export to.

                                          Im sure that other products will follow this.

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