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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • 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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