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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • 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.

                                        1 Reply Last reply
                                        • jon-nycJ Offline
                                          jon-nycJ Offline
                                          jon-nyc
                                          wrote last edited by
                                          #1005

                                          Barring some AI-based growth miracle I suppose the eventual outcome will be to heavily devalue the debt (and the dollar) by printing tons of money. Default by another name.

                                          Thank you for your attention to this matter.

                                          1 Reply Last reply
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