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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • CopperC Offline
    CopperC Offline
    Copper
    wrote last edited by Copper
    #914

    Better than Pete Rose, and still alive. (The rumor is that Mr. Trump got the ban lifted).

    image.png

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote last edited by jon-nyc
      #915

      One out of four of those is actually true.

      Welcome home, Edan.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • RenaudaR Offline
        RenaudaR Offline
        Renauda
        wrote last edited by
        #916

        Edan should be thanking Copper. Profusely thanking Copper.

        Elbows up!

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote last edited by
          #917

          And the Indians and Pakistanis that are suffering from radiation burns from the nuclear conflict they experienced should thank him too. VP Shillbilly and Copper. Both of them.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote last edited by
            #918

            OMG HE STOPPED FENTANYL!

            HE WON THE WAR ON DRUGS.

            I was only joking

            1 Reply Last reply
            • jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote last edited by
              #919

              This jives with what I gleaned from a call with the CIO of Merrill about a week ago. They have access to all the BofA retail info which touches about a quarter of all consumers.

              They said that the top 10% of earners’ spending is up 7% yoy while the bottom 90% have been retrenching.

              Only non-witches get due process.

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

                This jives with what I gleaned from a call with the CIO of Merrill about a week ago. They have access to all the BofA retail info which touches about a quarter of all consumers.

                They said that the top 10% of earners’ spending is up 7% yoy while the bottom 90% have been retrenching.

                HoraceH Offline
                HoraceH Offline
                Horace
                wrote last edited by
                #920

                No reason to be cautious, with all those factory jobs coming. I'd be spending like a drunken sailor. Like a drunken sailor who was about to get a sweet factory job.

                Education is extremely important.

                1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by
                  #921

                  I’ll admit to being a little surprised. It’s not obvious why they should have been retrenching in Q1. The fear of tariff-related inflation and job losses is more of a future concern. You’d also expect higher income people to be more clued in on the risks than the common man.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  AxtremusA 1 Reply Last reply
                  • AxtremusA Offline
                    AxtremusA Offline
                    Axtremus
                    wrote last edited by
                    #922

                    It's unprecedented! It's historical!

                    https://www.washingtonpost.com/business/2025/05/14/trump-tariffs-china-trade/

                    Since the inauguration on Jan. 20, Trump administration officials have announced new or revised tariff policies more than 50 times, according to a tally by The Washington Post. (A separate tally by Reed Smith, a law firm, has found about 55 such actions.) Trump has issued more than a dozen tariff-related executive orders, or about one per week ..:

                    1 Reply Last reply
                    • jon-nycJ jon-nyc

                      I’ll admit to being a little surprised. It’s not obvious why they should have been retrenching in Q1. The fear of tariff-related inflation and job losses is more of a future concern. You’d also expect higher income people to be more clued in on the risks than the common man.

                      AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote last edited by
                      #923

                      @jon-nyc said in Trumpenomics:

                      I’ll admit to being a little surprised. It’s not obvious why they should have been retrenching in Q1. The fear of tariff-related inflation and job losses is more of a future concern. You’d also expect higher income people to be more clued in on the risks than the common man.

                      Common men fear for the future and tighten belts right away; higher income people say let's buy more and stock up before tariffs get real?

                      1 Reply Last reply
                      • jon-nycJ Online
                        jon-nycJ Online
                        jon-nyc
                        wrote last edited by jon-nyc
                        #924

                        Sure, but that assumes the common man and the higher income folks both have similar intuitions that tariffs are going to harm them economically in the immediate future.

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • 89th8 Offline
                          89th8 Offline
                          89th
                          wrote last edited by
                          #925

                          Link to video

                          1 Reply Last reply
                          • jon-nycJ Online
                            jon-nycJ Online
                            jon-nyc
                            wrote last edited by jon-nyc
                            #926

                            That’s a lot of emergencies.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • 89th8 Offline
                              89th8 Offline
                              89th
                              wrote last edited by
                              #927

                              image.png

                              1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote last edited by
                                #928

                                Corporate greed strikes again.

                                IMG_5176.jpeg

                                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
                                  #929

                                  Yeah, cause margins don’t exist. Remember when the Republicans were yelling at Biden for blaming inflation on greedy Jewish grocers?

                                  The Brad

                                  1 Reply Last reply
                                  • jon-nycJ Online
                                    jon-nycJ Online
                                    jon-nyc
                                    wrote last edited by
                                    #930

                                    You either die a tariff hawk, or live long enough to embrace greedflation.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • AxtremusA Offline
                                      AxtremusA Offline
                                      Axtremus
                                      wrote last edited by
                                      #931

                                      Has Bernie responded?

                                      1 Reply Last reply
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote last edited by jon-nyc
                                        #932

                                        I’m sure he’ll be hypocritical too.

                                        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
                                          #933

                                          Cliff Asness comments:

                                          I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          HoraceH 1 Reply Last reply
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