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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • X xenon

    Alright - so step 1, stock market down. Step 2 - destroy a large portion of all other major countries. Step 3 - profit.

    On to step 2, I guess?

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote last edited by
    #710

    @xenon said in Trumpenomics:

    Alright - so step 1, stock market down. Step 2 - destroy a large portion of all other major countries. Step 3 - profit.

    On to step 2, I guess?

    Underwear Gnomes?

    The Brad

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote last edited by
      #711

      Trump's most imbecilic trade advisors, Navarro and Lutnik, each called out the fact that large tech stocks were the main reason the stock market was doing so well. This was presented as a bad thing. Taking down America's most successful public companies may not be the goal, but it is certainly an acceptable loss, to the people behind the policies. But I remain cautiously confident that Trump does not want to be known for all those great and famous American companies getting clobbered. Lutnik and Navarro don't care, but I'm guessing that Trump does. Of course, even if Trump cares, his abject insanity regarding trade policies may prevent him from doing the right things to keep those companies healthy. He still thinks IPhones can be made in America.

      Education is extremely important.

      1 Reply Last reply
      • jon-nycJ Online
        jon-nycJ Online
        jon-nyc
        wrote last edited by jon-nyc
        #712

        I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        JollyJ 1 Reply Last reply
        • taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote last edited by
          #713

          Unfortunately, even though I am not an economist, I pretty sure it is not possible to increase labor costs by 10X or so and be able to sell the product (for example iPhone) for the same or lower price. LOL

          1 Reply Last reply
          • X Offline
            X Offline
            xenon
            wrote last edited by xenon
            #714

            It’s not even particularly desirable. An iPhone sells for $1000, costs about $400 to make and about $100 of that value is driven by China.

            Would we rather have Huawei in America with $100 going to American manufacturing (just assume that’s possible) - or the current state of an American company (Apple) with $100 going to China?

            The way Trump talks, he’d take the former.

            HoraceH 1 Reply Last reply
            • X xenon

              It’s not even particularly desirable. An iPhone sells for $1000, costs about $400 to make and about $100 of that value is driven by China.

              Would we rather have Huawei in America with $100 going to American manufacturing (just assume that’s possible) - or the current state of an American company (Apple) with $100 going to China?

              The way Trump talks, he’d take the former.

              HoraceH Offline
              HoraceH Offline
              Horace
              wrote last edited by
              #715

              @xenon said in Trumpenomics:

              It’s not even particularly desirable.

              No, it's all an idiotic fever dream, cooked up by maybe the only two economists in the world who think tariffs cause prosperity, and the intuitions of Trump.

              Education is extremely important.

              1 Reply Last reply
              • LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote last edited by
                #716

                The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…

                The Brad

                JollyJ 1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by
                  #717

                  Indeed they did. I had an 86 ford tempo in 1990, already a cheap used car by then, that almost bankrupted me with repair bills.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • jon-nycJ jon-nyc

                    I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.

                    JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote last edited by
                    #718

                    @jon-nyc said in Trumpenomics:

                    I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.

                    Been saying he's channeling McKinley.

                    “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
                    • LuFins DadL LuFins Dad

                      The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…

                      JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote last edited by
                      #719

                      @LuFins-Dad said in Trumpenomics:

                      The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…

                      Trump Admin is claiming $7T investment coming to America. I'm sure that's inflated, but look at the marching orders that went to the agencies about rules that have made up out of whole cloth. Washington should soon be in a deregulation frenzy.

                      Less regulation burdens, no tariffs, a Navy ship building program, etc. Maybe the world gets the hint we're in the business for business?

                      “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 Online
                        jon-nycJ Online
                        jon-nyc
                        wrote last edited by jon-nyc
                        #720

                        They’re both fair questions.

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • JollyJ Offline
                          JollyJ Offline
                          Jolly
                          wrote last edited by
                          #721

                          I don't think we're deterring students from coming here, if they're coming to study.

                          You want to play justice warrior for your pet cause, especially using illegal protests to do so or protesting for a terrorist organization? I think your time in America will be brief and rightly so.

                          “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

                          taiwan_girlT 1 Reply Last reply
                          • JollyJ Jolly

                            I don't think we're deterring students from coming here, if they're coming to study.

                            You want to play justice warrior for your pet cause, especially using illegal protests to do so or protesting for a terrorist organization? I think your time in America will be brief and rightly so.

                            taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote last edited by
                            #722

                            @Jolly said in Trumpenomics:

                            I don't think we're deterring students from coming here, if they're coming to study.

                            Sure we are.

                            If you are a foreign student looking to study abroad, and you have a choice of lets say, US, UK, Australia, etc. you may give less thought to the US, regardless if you are a pure angel or not.

                            I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                            US universities like them as they pay full amount to go to school. I know of quite a few Chinese students at schools like Univ. of IL, and they are all paying list price of USD$50K per year. (They may be getting some sort of subsidy from their home country, but not from the US school).

                            JollyJ 1 Reply Last reply
                            • taiwan_girlT taiwan_girl

                              @Jolly said in Trumpenomics:

                              I don't think we're deterring students from coming here, if they're coming to study.

                              Sure we are.

                              If you are a foreign student looking to study abroad, and you have a choice of lets say, US, UK, Australia, etc. you may give less thought to the US, regardless if you are a pure angel or not.

                              I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                              US universities like them as they pay full amount to go to school. I know of quite a few Chinese students at schools like Univ. of IL, and they are all paying list price of USD$50K per year. (They may be getting some sort of subsidy from their home country, but not from the US school).

                              JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote last edited by
                              #723

                              @taiwan_girl said in Trumpenomics:

                              I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                              Good.

                              “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

                              AxtremusA 1 Reply Last reply
                              • JollyJ Jolly

                                @taiwan_girl said in Trumpenomics:

                                I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                                Good.

                                AxtremusA Offline
                                AxtremusA Offline
                                Axtremus
                                wrote last edited by
                                #724

                                @Jolly said in Trumpenomics:

                                @taiwan_girl said in Trumpenomics:

                                I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                                Good.

                                Now that you think about it, Elon first came here with a student visa.

                                1 Reply Last reply
                                • AxtremusA Offline
                                  AxtremusA Offline
                                  Axtremus
                                  wrote last edited by
                                  #725

                                  American winemakers talk tariffs:

                                  https://www.npr.org/sections/planet-money/2025/04/17/g-s1-60718/tariffs-make-sour-grapes-american-winemakers

                                  Will American winemakers win with tariffs? The ones we spoke with don't seem to think so.

                                  1 Reply Last reply
                                  • A Online
                                    A Online
                                    AndyD
                                    wrote last edited by
                                    #726

                                    Trump(CF) teaching everyone his way is the best

                                    20250413_154113.jpg

                                    1 Reply Last reply
                                    • taiwan_girlT Offline
                                      taiwan_girlT Offline
                                      taiwan_girl
                                      wrote last edited by
                                      #727

                                      End of Q1 numbers. I will update as the missing ones come in, and plan on updating this every quarter. If anybody feels something else should be on here (economically), let me know. 🙂

                                      Screenshot 2025-04-18 at 4.22.40 PM.png

                                      1 Reply Last reply
                                      • 89th8 Offline
                                        89th8 Offline
                                        89th
                                        wrote last edited by
                                        #728

                                        Cost of gas is down, even to $1.98! Umm the national average was $3.22 on 1/20 and $3.29 as of yesterday.

                                        Cost of eggs have gone down 92%! They were $6.55 on 1/20 and $3.11 as of yesterday. Thats like 47%?

                                        What idiots does he have feeding him data, I’m guessing only sycophants have access to him.

                                        Link to video

                                        1 Reply Last reply
                                        • 89th8 Offline
                                          89th8 Offline
                                          89th
                                          wrote last edited by
                                          #729

                                          Oh and the clip ends but he starts rambling about how the federal reserve doesn’t have anyone smart there and that Powell is playing politics.

                                          What a disaster.

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