Trumpenomics
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The Yale Chief Executive Leadership Institute’s CEO forum gathers top political leaders with Fortune 500 CEOs for a Chatham House rules discussion where direct quotes are off the record. In Washington DC this week at the 155th gathering, as clouds swirled around the Capitol building just steps away, senators from both parties and some top Trump administration officials joined us. They had to face down the near unanimous verdict from over 100 top business leaders, representing some of the world’s largest companies and most iconic brands: Trump’s policies aren’t working. These opinions were all about business results, by the way: the reasoning was independent of personal politics or industry sector, it always came back to the bottom line.
Business leaders at our forum worry that Trump is undermining an economic system that took decades to build and has long benefited the U.S. more than any other country, under both Republican and Democratic administrations, all for short-term gains. They see what’s happening as a hollowing out of U.S. economic foundations and institutions. In this free-to-speak environment (a loaded topic these days), they said that while they approve of bringing manufacturing back to the U.S. and bolstering economic and national security, they fear for America’s international standing amid the degradation of national security at the FBI, the CIA, and the Pentagon.
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I'm guessing the one word was actually 'knobhead'.
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https://fortune.com/2025/10/04/president-trump-coin-america-anniversary-likeness-law-treasury/
the Circulating Collectible Coin Redesign Act of 2020, which Trump signed in January 2021, states: “No head and shoulders portrait or bust of any person, living or dead, and no portrait of a living person may be included in the design on the reverse of specified coins,” which include the semiquincentennial series among others.
This rule has appeared in similar statutes and reaches back to longstanding Treasury practice, though historians note an exception: Calvin Coolidge, who appeared on a commemorative half-dollar while still in office in 1926. Since then, the Mint and the Treasury Department have strictly avoided living subjects—until now. -
Federal government bailout coming for the farmers, again:
https://www.nytimes.com/2025/10/07/us/politics/trump-farmers-aid-china-trade-war.html
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Government subsidy (bailout by a different name) for farmers has been going on for years, decades, etc.
for example,
Ethanol
paying farmers not to plant
crop insurance
etcI am actually in favor most of these, but to say that President Trump is doing something different is not really true.
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I find it very Clintonian.
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Anecdotal… Through 3 quarters, we are up about 5% over last year. Over the past 6 weeks, we’ve had the three best Costco events that we’ve had in several years, and this is with a very limited item list that excludes Clavinovas under $5K.
Which oddly fits with what we’re seeing in the stores. The mid price points has slowed, but the upper end sales and lower end sales have risen drastically. I think the customers that would have bought $4K Clavs are buying $2K Clavs. That’s easy to see… And I can understand the high end sales not being as seriously impacted as well, but the very odd thing is the rise of the upper tier vertical pianos… I’ve sold more Yamaha YUS5s, Bechstein A6s, and Seiler 132s than I have U1s over the last few months. It’s very odd.
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The African American unemployment rate has surged over the past four months, from 6 to 7.5 percent, while the rate for white people ticked down slightly to 3.7 percent. ...
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That racist bastard.
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said in Trumpenomics:
I assume ‘70%’ refers to the portion of the tariff that will hit consumers come fall.
Updated for August. Apparently Goldman didn’t fire the guys doing this.
