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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • H Offline
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    Horace
    wrote on 24 Apr 2025, 13:41 last edited by Horace
    #795

    It's hard to imagine the rest of the world cooperating with Trump in any of his zany economic schemes that he may walk away from next week. Imagine making a permanent enemy of China, over a promise from Trump.

    Education is extremely important.

    1 Reply Last reply
    • J Offline
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      jon-nyc
      wrote on 24 Apr 2025, 13:43 last edited by
      #796

      @Doctor-Phibes That wasn’t even funny though.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
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        jon-nyc
        wrote on 24 Apr 2025, 14:06 last edited by
        #797

        China’s government is projecting confidence that it can outlast the U.S. in a protracted trade war in large part because of the potential damage inflicted by its restrictions on rare earth metals, said Eswar Prasad, a Cornell University economist who has spoken this week with Chinese finance officials.
        “That is the choke point,” Prasad said. “Beijing does not feel like it is going to back down and that the U.S. is in no position to dictate terms. A big, big part of that is rare earths, where they feel they have the capacity to do significant harm to American manufacturers.”

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        T 1 Reply Last reply a day ago
        • 8 Offline
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          89th
          wrote on 24 Apr 2025, 14:43 last edited by
          #798

          Every time I see Nutlick behind the President it reminds me of a weak 2nd grader hiding behind the fat 3rd grade bully and laughing at all of his playground jokes.

          https://www.reddit.com/r/thescoop/comments/1k6ry94/howard_lutnick_all_those_factories_that_youre/

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          • K Offline
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            kluurs
            wrote on 25 Apr 2025, 00:02 last edited by
            #799

            China needs nada from us - and we only represent 12% of their exports - which they can absorb. Meanwhile, they've made and will continue to make alliances as a result of the US posture. Overall, one wonders if China won't get tired of all the winning.

            1 Reply Last reply
            • H Offline
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              Horace
              wrote on 26 Apr 2025, 14:01 last edited by
              #800

              More Shapiro being shocked at how dumb this all was

              Link to video

              Education is extremely important.

              1 Reply Last reply
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                Doctor Phibes
                wrote on 26 Apr 2025, 14:09 last edited by
                #801

                I'm sure nobody knows more about China than Donald Trump, but it kind of feels like he misunderestimated them a bit.

                I was only joking

                1 Reply Last reply
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                  kluurs
                  wrote on 26 Apr 2025, 16:15 last edited by
                  #802

                  Trump knows more about rare earth minerals than anyone. If you have any doubts, just ask him to name one.

                  1 Reply Last reply
                  • J Offline
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                    jon-nyc
                    wrote on 28 Apr 2025, 11:09 last edited by
                    #803

                    Every once in awhile he sneaks out of whatever room Scott Bessent is holding him in to say “actually my real policy is way crazier than they’re saying”

                    IMG_4709.jpeg

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
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                      jon-nyc
                      wrote on 28 Apr 2025, 15:20 last edited by
                      #804

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      1 Reply Last reply
                      • J Offline
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                        jon-nyc
                        wrote on 28 Apr 2025, 16:45 last edited by
                        #805

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
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                          jon-nyc
                          wrote on 28 Apr 2025, 16:51 last edited by
                          #806

                          I don’t know about you, but I think “the market rebounded after we backed away from our shit policies’ is a weird flex.

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
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                            jon-nyc
                            wrote on 28 Apr 2025, 16:53 last edited by
                            #807

                            This guy put it better than I did:

                            Embarrassing to tweet this. Stocks are up b/c the market punched you in the mouth over and over and over until you realized your bad policy needed to be walked back. You started walking it back and the president admitted he wouldn’t fire the Fed chair so the markets went back up

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • 8 Offline
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                              89th
                              wrote on 28 Apr 2025, 17:41 last edited by
                              #808

                              It's almost childish how dumb Bessent is with that remark. The market is still down 10% from when the chaos was unnecessarily started. But you and the other dude put it better than that.

                              1 Reply Last reply
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                                xenon
                                wrote on 28 Apr 2025, 18:51 last edited by
                                #809

                                He has audience of one that he needs to solve for before others.

                                1 Reply Last reply
                                • H Offline
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                                  Horace
                                  wrote on 28 Apr 2025, 19:08 last edited by
                                  #810

                                  I can imagine he is well aware of his assignment, and how ridiculous he has to act in order to do it. I'm glad he's there, and I have no doubt that if he walked away on principle, his replacement would be worse.

                                  Education is extremely important.

                                  1 Reply Last reply
                                  • M Offline
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                                    Mik
                                    wrote on 29 Apr 2025, 00:37 last edited by Mik
                                    #811

                                    Sometimes conditions develop because it’s the best idea at the time. One is unwise to muck about with them if they don’t understand why they developed the way they did. This applies to so very many things and I’ve seen my maxim ignored many times, never to good outcomes.

                                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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                                    • J Offline
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                                      jon-nyc
                                      wrote on 29 Apr 2025, 00:41 last edited by jon-nyc
                                      #812

                                      That is called Chesterton’s Fence, which he viewed as a fundamental tenet of conservatism.

                                      Chesterton's fence

                                      "Chesterton's fence" is the principle that reforms should not be made until the reasoning behind the existing state of affairs is understood. The quotation is from Chesterton's 1929 book, The Thing: Why I Am a Catholic, in the chapter, "The Drift from Domesticity":

                                      In the matter of reforming things, as distinct from deforming them, there is one plain and simple principle; a principle which will probably be called a paradox. There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, "I don't see the use of this; let us clear it away." To which the more intelligent type of reformer will do well to answer: "If you don't see the use of it, I certainly won't let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it."

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
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                                        Mik
                                        wrote on 29 Apr 2025, 02:11 last edited by
                                        #813

                                        He plagiarized me!

                                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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                                          jon-nyc
                                          wrote on 29 Apr 2025, 12:43 last edited by
                                          #814

                                          UPS says it will cut 20,000 jobs worldwide in 2025

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
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                                          28 Apr 2025, 15:20


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