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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • 89th8 89th

    Hey! The S&P has finally returned to what it was on Inauguration Day, woohoo!

    bachophileB Offline
    bachophileB Offline
    bachophile
    wrote on last edited by
    #985

    @89th said in Trumpenomics:

    Hey! The S&P has finally returned to what it was on Inauguration Day, woohoo!

    I wonder what’s going to happen today….

    1 Reply Last reply
    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by jon-nyc
      #986

      Surprisingly muted reaction so far. Futures down 1.2%.

      Much bigger reaction in oil.

      Thank you for your attention to this matter.

      1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #987

        The net effect may end up being positive. War is profitable.

        "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

        1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by
          #988

          Trump needs to have Peter Navarro explain to the economists at the Fed how tariffs work.

          Thank you for your attention to this matter.

          1 Reply Last reply
          • jon-nycJ Offline
            jon-nycJ Offline
            jon-nyc
            wrote on last edited by
            #989

            Adam Smith’s visible hand.

            Thank you for your attention to this matter.

            1 Reply Last reply
            • Doctor PhibesD Offline
              Doctor PhibesD Offline
              Doctor Phibes
              wrote on last edited by
              #990

              Who the heck is 'everyone'?

              I'M WATCHING!!!!!

              BE SEEING YOU.

              I was only joking

              1 Reply Last reply
              • jon-nycJ jon-nyc

                Bring out da gimp.

                jon-nycJ Offline
                jon-nycJ Offline
                jon-nyc
                wrote last edited by
                #991

                @jon-nyc said in Trumpenomics:

                Bring out da gimp.

                Thank you for your attention to this matter.

                1 Reply Last reply
                • Doctor PhibesD Offline
                  Doctor PhibesD Offline
                  Doctor Phibes
                  wrote last edited by
                  #992

                  The really amazing thing is that he can still speak with all that dick in his mouth.

                  I was only joking

                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote last edited by
                    #993

                    lol.

                    Well FWIW he is used to that.

                    Thank you for your attention to this matter.

                    1 Reply Last reply
                    • HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote last edited by
                      #994

                      That homophobia breaks my heart.

                      Education is extremely important.

                      1 Reply Last reply
                      • jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote last edited by jon-nyc
                        #995

                        Trying to win the Mamdani vote?

                        Thank you for your attention to this matter.

                        1 Reply Last reply
                        • jon-nycJ Offline
                          jon-nycJ Offline
                          jon-nyc
                          wrote last edited by
                          #996

                          How he didn’t see this coming in November I’ll never understand. Or at least by February.

                          IMG_6169.jpeg

                          Thank you for your attention to this matter.

                          LuFins DadL 1 Reply Last reply
                          • 89th8 Online
                            89th8 Online
                            89th
                            wrote last edited by
                            #997

                            Maybe he's insulated too much? Yeah we all saw this from the start.

                            1 Reply Last reply
                            • jon-nycJ jon-nyc

                              How he didn’t see this coming in November I’ll never understand. Or at least by February.

                              IMG_6169.jpeg

                              LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote last edited by
                              #998

                              @jon-nyc said in Trumpenomics:

                              How he didn’t see this coming in November I’ll never understand. Or at least by February.

                              IMG_6169.jpeg

                              He was on stage with Trump while DJT was talking about the TCJA Cuts being made permanent and the Tax breaks on tips and overtime. So him bitching about the $5 Trillion and calling it new spending when it’s not new spending, just reduced receipts according to the CBO hits me as disingenuous at best. I have no doubt that he’s pissed there weren’t more and deeper spending cuts, I’m sure he’s pissed about the increased spending in some areas, but they are small details compared to the tax rates being made permanent. It really does make me think that all of this is the EV credits being rolled back, and the energy policy being presented.

                              The Brad

                              1 Reply Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote last edited by
                                #999

                                IMG_6174.jpeg

                                IMG_6172.jpeg

                                Thank you for your attention to this matter.

                                1 Reply Last reply
                                • jon-nycJ Offline
                                  jon-nycJ Offline
                                  jon-nyc
                                  wrote last edited by
                                  #1000

                                  Worst half year performance of the dollar in over half a century.

                                  https://www.cnbc.com/2025/07/07/the-declining-dollar-faces-more-headwinds-after-posting-worst-first-half-return-in-52-years.html

                                  Thank you for your attention to this matter.

                                  1 Reply Last reply
                                  • 89th8 Online
                                    89th8 Online
                                    89th
                                    wrote last edited by
                                    #1001

                                    If Biden had that performance, Trump would be posting about how the dollar has "had the worst performance in 50 years, some say all time!"

                                    1 Reply Last reply
                                    • 89th8 Online
                                      89th8 Online
                                      89th
                                      wrote last edited by
                                      #1002

                                      At least we have our own @Copper !

                                      Trump adds a 50% tax to imported copper: https://www.cnbc.com/2025/07/08/trump-tariffs-copper-trade.html

                                      1 Reply Last reply
                                      • jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote last edited by
                                        #1003

                                        Kalshi, the betting market for which Don Jr is an ‘advisor’, is now predicting close to 50T of debt by the time Trump is finished.

                                        Thank you for your attention to this matter.

                                        LuFins DadL 1 Reply Last reply
                                        • 89th8 Online
                                          89th8 Online
                                          89th
                                          wrote last edited by
                                          #1004

                                          Let's fast forward and say this happens, or in 10 years we have a bajillion dollars in debt. Eventually what are the possible outcomes?

                                          • Massive spending cuts?
                                          • Massive tax increases?
                                          • Dollar security faulters and causes worldwide economic depression?

                                          It seems a mathematical certainty that if we don't change something, all the government will spend its money on is paying debt interest. Which would be quite appropriate given how many families do that today with their credit cards.

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