Trumpenomics
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wrote 23 days ago last edited by
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wrote 23 days ago last edited by
Turning us into a Banana Republic in more ways than one.
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wrote 23 days ago last edited by
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 -
wrote 23 days ago last edited by
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.
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wrote 22 days ago last edited by
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wrote 22 days ago last edited by
I posted an interview with that guy shortly after Liberation Day. I liked him a lot.
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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.”wrote 21 days ago last edited by@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
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wrote 21 days ago last edited by
Gilead announced an $11B investment into new US manufacturing. Kraft is investing an additional $3 billion into new American manufacturing facilities. Carrier is investing $1 billion into a new factory, creating 4K jobs. The Dow is up roughly 3800 over last year. Not great, but not a disaster, either. It’s not all doom and gloom…
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wrote 20 days ago last edited by
Too lazy to check, but:
- How do those investments compare to normal corporate manufacturing expenditures?
- How often are these announced investments actually realized?
- The DOW is up 8% since this time last year, but down 4% since Trump took over (was down 15% but has bounced back after a few TACO Tuesdays)
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wrote 20 days ago last edited by
You fail to catch the point.
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wrote 20 days ago last edited by
Probably, I only read your last post and commented.
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wrote 19 days ago last edited by
Mission accomplished. We can stop the tariffs now.
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wrote 19 days ago last edited by
@Horace said in Trumpenomics:
Mission accomplished. We can stop the tariffs now.
And that's just Tesla's.
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wrote 19 days ago last edited by
Actually, I think it’s okay to buy Teslas again…
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wrote 19 days ago last edited by
Trade deficit cut in half. What’s cut in half you might ask? The spike in trade deficit that was the result of companies racing to import before liberation day. Another headline could’ve said, trade deficit returns to what the average was during the Biden administration.
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wrote 15 days ago last edited by
.1% CPI increase as opposed to the predicted .3%. Stock Futures jump, and Bond Rate drops…
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wrote 15 days ago last edited by
I presume we can trust the data but at this point who knows what is being manipulated for the Dear Leader.
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wrote 15 days ago last edited by
Hey! The S&P has finally returned to what it was on Inauguration Day, woohoo!
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wrote 15 days ago last edited by
Nice!
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wrote 13 days ago last edited by