Trumpenomics
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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/
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@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…
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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.
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Yamaha price increase announced for August 1… But that’s been a fairly typical timeframe. I don’t mind saying the increase is above inflation…
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One funny thing though, they always come up with pithy names for various bear market episodes when they refer to them or compare them across time.
Example, the dot-com bust, the Great Financial Crisis, Covid, etc.
The name they settled on for the spring bear market and the associated volatility is ‘The Tariff Tantrum’.
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https://www.nytimes.com/2025/07/15/us/politics/canada-tariffs-mark-carney-trump.html
Canada’s Leader Says There’s Little Hope of Avoiding U.S. Tariffs
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.Maybe the sh!t will hit the fan for real this time.
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We’ll see. Their ‘base case’ forecast is always pretty optimistic. They are in the business of getting you to invest your money after all, not put it in your mattress.
@jon-nyc said in Trumpenomics:
We’ll see. Their ‘base case’ forecast is always pretty optimistic. They are in the business of getting you to invest your money after all, not put it in your mattress.
I’m having to attend a little strategy lunch with my finance guy tomorrow. I’m wondering what he’ll propose and how I’l react. My son had his meeting last week, and now a small portion of his portfolio has been infused with Crypto. AI and Bitcoin seem to be topics of Zoom meetings and webinars of late, but I don’t understand this stuff, .. at my stage of life, I hesitate. Yet I’ve too much sitting as cash, and my freeholder stuff isn’t flowing so well now. I’m quite tired of your president’s Tariff Tantum.
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https://www.nytimes.com/2025/07/15/us/politics/canada-tariffs-mark-carney-trump.html
Canada’s Leader Says There’s Little Hope of Avoiding U.S. Tariffs
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.Maybe the sh!t will hit the fan for real this time.
@Axtremus said in Trumpenomics:
https://www.nytimes.com/2025/07/15/us/politics/canada-tariffs-mark-carney-trump.html
Canada’s Leader Says There’s Little Hope of Avoiding U.S. Tariffs
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.Maybe the sh!t will hit the fan for real this time.
Carney is just being realistic about the future trading relationship. No sense looking at it any other way.
Canada will just have to build closer trade and investment relations with the UK, EU, the Asian markets and South America where practicable.
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By the way, Trump put a 50% tariff on Brazilian imports. That’s where 1/3 of our coffee comes from.
I read that if you grew coffee on every square inch of land in the US that can grow coffee, most of which is in Hawaii, it would keep the Pacific Northwest supplied with coffee for a week.
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By the way, Trump put a 50% tariff on Brazilian imports. That’s where 1/3 of our coffee comes from.
I read that if you grew coffee on every square inch of land in the US that can grow coffee, most of which is in Hawaii, it would keep the Pacific Northwest supplied with coffee for a week.
@jon-nyc said in Trumpenomics:
By the way, Trump put a 50% tariff on Brazilian imports. That’s where 1/3 of our coffee comes from.
I read that if you grew coffee on every square inch of land in the US that can grow coffee, most of which is in Hawaii, it would keep the Pacific Northwest supplied with coffee for a week.
FFS, coffee beans are already wholesaling for 2x-3x what they were 5 years ago. My favorite coffee that I was buying for $12 a bag in 2020 is $18 right now…
