Trumpenomics
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wrote on 14 May 2025, 23:42 last edited by
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 ..:
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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.
wrote on 14 May 2025, 23:44 last edited by@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?
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wrote on 15 May 2025, 00:21 last edited by jon-nyc
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.
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wrote on 16 May 2025, 04:11 last edited by
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wrote on 16 May 2025, 08:57 last edited by jon-nyc
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wrote on 16 May 2025, 11:40 last edited by
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wrote on 17 May 2025, 14:47 last edited by
Corporate greed strikes again.
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wrote on 17 May 2025, 15:18 last edited by
Yeah, cause margins don’t exist. Remember when the Republicans were yelling at Biden for blaming inflation on greedy Jewish grocers?
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wrote on 17 May 2025, 15:19 last edited by
You either die a tariff hawk, or live long enough to embrace greedflation.
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wrote on 17 May 2025, 15:43 last edited by
Has Bernie responded?
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wrote on 17 May 2025, 15:50 last edited by jon-nyc
I’m sure he’ll be hypocritical too.
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wrote on 17 May 2025, 19:21 last edited by
Cliff Asness comments:
I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.
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Cliff Asness comments:
I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.
wrote on 17 May 2025, 21:12 last edited by@jon-nyc said in Trumpenomics:
Cliff Asness comments:
I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.
Yep.
At least Trump will make pro capitalism noises though.
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@jon-nyc said in Trumpenomics:
Cliff Asness comments:
I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.
Yep.
At least Trump will make pro capitalism noises though.
wrote on 18 May 2025, 00:31 last edited by@Horace said in Trumpenomics:
@jon-nyc said in Trumpenomics:
Cliff Asness comments:
I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.
Yep.
At least Trump will make pro capitalism noises though.
Perhaps along with also more ICE raids at Walmart locations?
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wrote on 18 May 2025, 14:00 last edited by
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wrote on 18 May 2025, 23:57 last edited by
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wrote on 23 May 2025, 13:22 last edited by
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wrote on 23 May 2025, 13:23 last edited by
Wait, I thought foreigners paid the tariffs.
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wrote on 23 May 2025, 13:27 last edited by
I know this is wasted CO2 at this point but how does Trump have the "power" to point to a specific company and tell them they're going to pay a 25% tax on their products?
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wrote on 23 May 2025, 13:30 last edited by
I vaguely recall there is a political ideology that says the government centrally controls what you produce. What's that called again?