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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • HoraceH Online
    HoraceH Online
    Horace
    wrote last edited by
    #952

    Presenting a unified and confident front to the rest of the world in our unilaterally declared world trade war over nothing.

    Education is extremely important.

    1 Reply Last reply
    • AxtremusA Axtremus

      New terminology for the market: the TACO trade.

      https://www.cbsnews.com/amp/news/trump-taco-trade-trump-always-chickens-out-what-it-means/

      jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote last edited by
      #953

      @Axtremus said in Trumpenomics:

      New terminology for the market: the TACO trade.

      It’s getting memed a lot now.

      Maybe the real liberation was all the tacos we ate along the way.

      IMG_5567.jpeg

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • 89th8 Online
        89th8 Online
        89th
        wrote last edited by
        #954

        What's more concerning is Trump wasn't aware of the TACO acronym until a reporter had to explain it to him. I know he doesn't, but he would do very well to have some sort of brave employee telling him the reality "out there" so he's at least aware. But dare we interrupt his false reality...

        1 Reply Last reply
        • LuFins DadL LuFins Dad

          That’s a stupid approach to take from a markets analyst. He’s actually trying to goad Trump into not reconsidering tariffs and to pull the trigger…

          HoraceH Online
          HoraceH Online
          Horace
          wrote last edited by
          #955

          @LuFins-Dad said in Trumpenomics:

          That’s a stupid approach to take from a markets analyst. He’s actually trying to goad Trump into not reconsidering tariffs and to pull the trigger…

          Plenty of people out there hoping Trump damages the economy as much as possible. I'm sure they'll take the opportunity to goad Trump into more macho tariffs.

          Education is extremely important.

          1 Reply Last reply
          • AxtremusA Away
            AxtremusA Away
            Axtremus
            wrote last edited by
            #956

            Trump says he plans to double steel, aluminum tariffs to 50%
            https://www.reuters.com/business/trump-says-he-plans-double-steel-tariffs-50-2025-05-30/

            1 Reply Last reply
            • jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote last edited by
              #957

              9122650F-2E94-4A06-BDAF-BE0BE8E86526.png

              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
                #958

                And yet his popularity is still higher than at any point his first term.

                The Brad

                1 Reply Last reply
                • taiwan_girlT Online
                  taiwan_girlT Online
                  taiwan_girl
                  wrote last edited by
                  #959

                  Current popularity is 43% (by Gallop poll)

                  Screenshot 2025-05-31 at 8.58.29 PM.png

                  LuFins DadL 1 Reply Last reply
                  • taiwan_girlT taiwan_girl

                    Current popularity is 43% (by Gallop poll)

                    Screenshot 2025-05-31 at 8.58.29 PM.png

                    LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote last edited by
                    #960

                    @taiwan_girl said in Trumpenomics:

                    Current popularity is 43% (by Gallop poll)

                    Screenshot 2025-05-31 at 8.58.29 PM.png

                    Here’s the aggregate….IMG_4215.png

                    The Brad

                    1 Reply Last reply
                    • jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote last edited by
                      #961

                      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
                        #962

                        Turning us into a Banana Republic in more ways than one.

                        IMG_5649.jpeg

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • AxtremusA Away
                          AxtremusA Away
                          Axtremus
                          wrote last edited by
                          #963

                          The OECD lowers its global GDP growth projections for 2025 & 2026 due to Trump's tariffs:

                          https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

                          Key figures
                          
                          3.1% 
                            ⏷
                          2.9%
                          Revision to projected global GDP growth for 2025
                          
                          3.0%
                            ⏷
                          2.9%
                          Revision to projected global GDP growth for 2026
                          
                          1 Reply Last reply
                          • taiwan_girlT Online
                            taiwan_girlT Online
                            taiwan_girl
                            wrote last edited by
                            #964

                            U.S. manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged, and analysts said activity could decline further due to tighter credit conditions.

                            The Institute for Supply Management (ISM) survey on Monday showed all subcomponents of its manufacturing PMI below the 50 threshold for the first time since 2009. Some economists said this suggested a recession was around the corner, while others said much would depend on the services sector, whose PMI remains consistent with a growing economy.

                            https://www.reuters.com/markets/us/us-manufacturing-sector-weakest-nearly-three-years-march-ism-2023-04-03/

                            1 Reply Last reply
                            • jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote last edited by
                              #965

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              1 Reply Last reply
                              • HoraceH Online
                                HoraceH Online
                                Horace
                                wrote last edited by
                                #966

                                I posted an interview with that guy shortly after Liberation Day. I liked him a lot.

                                Education is extremely important.

                                1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  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.”

                                  taiwan_girlT Online
                                  taiwan_girlT Online
                                  taiwan_girl
                                  wrote last edited by
                                  #967

                                  @jon-nyc said in Trumpenomics:

                                  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.”

                                  Seems like it is happening unfortunately

                                  A group representing auto suppliers in the United States called on Wednesday for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.

                                  and

                                  https://www.reuters.com/business/autos-transportation/us-auto-suppliers-say-immediate-action-needed-china-rare-earths-restrictions-2025-06-05/

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