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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • jon-nycJ Online
    jon-nycJ Online
    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 Online
      jon-nycJ Online
      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 Offline
        89th8 Offline
        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 Offline
          89th8 Offline
          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

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          • jon-nycJ Online
            jon-nycJ Online
            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 Offline
              89th8 Offline
              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 Online
                jon-nycJ Online
                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.

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                • AxtremusA Offline
                  AxtremusA Offline
                  Axtremus
                  wrote last edited by
                  #1006

                  Currency devaluation/inflation … we print (a lot more) money to pay off the debt. May or may not lead to “Dollar security falters” and/or “worldwide economic depression.”

                  Gotta compare with the alternatives. Cutting spending too much or increasing taxes too much may also lead to some versions and degrees of “Dollar security falters” and/or “worldwide economic depression.” There may be some versions of “printing money” that are less damaging than some versions of “cutting spending” or “increasing taxes.”

                  1 Reply Last reply
                  • 89th8 Offline
                    89th8 Offline
                    89th
                    wrote last edited by
                    #1007

                    I have but a simple brain, but an alternative would be to pass a 20-year spending plan that decreases spending on non-essentials, increases taxes for all, with a clear goal of what the "finish line" looks like, and once reached, an immutable law that spending must not result in XYZ debt unless 2/3 of the house and senate approve a wartime approval or some shit like that. In other words, a painful get healthy plan with strict fiscal guardrails in place.

                    1 Reply Last reply
                    • jon-nycJ jon-nyc

                      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.

                      LuFins DadL Offline
                      LuFins DadL Offline
                      LuFins Dad
                      wrote last edited by
                      #1008

                      @jon-nyc said in Trumpenomics:

                      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.

                      I mean, on its own, that looks pretty fucking horrible, but by itself it doesn’t tell anywhere near the whole story. What would the alternatives look like? What happens if they allowed the TCJA cuts to expire? What does it look like if we cut spending even a moderate amount? The debt service and the entitlement programs would still push us to that point anyway, whether it’s 1-2 years earlier or later.

                      The Brad

                      1 Reply Last reply
                      • LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote last edited by
                        #1009

                        So why aren’t we talking about the Jobs Report? https://thenationaldesk.com/news/americas-news-now/american-born-employment-reaches-record-high-as-foreign-born-jobs-continue-to-decline

                        A record number of jobs for American born workers and a significant drop in foreign born jobs.

                        Wages are up 3.7% over last year contrasted with 2.4% inflation, so that’s real wage growth.

                        https://www.usinflationcalculator.com/inflation/current-inflation-rates/

                        The Brad

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote last edited by jon-nyc
                          #1010

                          Real wages have been growing since 2022. Though they’re down in q1 from 4q2024.

                          Thank you for your attention to this matter.

                          LuFins DadL 1 Reply Last reply
                          • jon-nycJ jon-nyc

                            Real wages have been growing since 2022. Though they’re down in q1 from 4q2024.

                            LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote last edited by
                            #1011

                            @jon-nyc said in Trumpenomics:

                            Real wages have been growing since 2022. Though they’re down in q1 from 4q2024.

                            And it was fantastic for the illegals…

                            The Brad

                            1 Reply Last reply
                            • jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote last edited by jon-nyc
                              #1012

                              Trump announced a 50% tariff on copper. I think we have maybe 5% of the world’s supply, Chile has like 30%.

                              Besides needlessly making construction and power generation more expensive, we’ve seen in the past when copper prices rise, so does crime as people steal/destroy things with high copper content to sell them.

                              Nice going, Trump.

                              Thank you for your attention to this matter.

                              1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote last edited by
                                #1013

                                It seems so economically pointless it makes me wonder if this is a patronage play that belongs in the corruption thread.

                                Thank you for your attention to this matter.

                                1 Reply Last reply
                                • X Online
                                  X Online
                                  xenon
                                  wrote last edited by
                                  #1014

                                  Every business plan in corporate America this year just has a line item for "chaos monkey" right now. This is ridiculous.

                                  1 Reply Last reply
                                  • 89th8 Offline
                                    89th8 Offline
                                    89th
                                    wrote last edited by
                                    #1015

                                    With all the taxes on lumber and copper... get ready for even higher new home build prices!

                                    1 Reply Last reply
                                    • jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote last edited by
                                      #1016

                                      Thank you for your attention to this matter.

                                      1 Reply Last reply
                                      • LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote last edited by
                                        #1017

                                        Trumpflation has landed…

                                        https://www.reuters.com/business/us-inflation-expected-rise-june-with-tariff-driven-price-hikes-2025-07-15/

                                        The Brad

                                        1 Reply Last reply
                                        • X Online
                                          X Online
                                          xenon
                                          wrote last edited by
                                          #1018

                                          Lots of companies have been able to hold out with supply on hand (or supply they stocked up on) - with the hopes that we’d have more clarity before having to raise price.

                                          1 Reply Last reply
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