Trumpenomics

[blondie]

@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.

[Renauda]

@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.

[jon-nyc]

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.

[LuFins Dad]

@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…

[Axtremus]

@LuFins-Dad said in Trumpenomics:

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…

Calm down, man. Just think about the alternative. Is it still better than the alternative?

[LuFins Dad]

@Axtremus said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

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…

Calm down, man. Just think about the alternative. Is it still better than the alternative?

Oh fuck yeah.

[jon-nyc]

He’s thirty points underwater on inflation. Even though tariff inflation is only just getting started.

I think a lot it is that many people think ‘taming inflation’ means bringing prices down to some level where they’re ‘supposed to be’. Trump encouraged then to think this way during the campaign.

[Doctor Phibes]

@jon-nyc said in Trumpenomics:

I think a lot it is that many people think ‘taming inflation’ means bringing prices down to some level where they’re ‘supposed to be’. Trump encouraged then to think this way during the campaign.

What are you talking about? Eggs are going for 2 cents each in Trump's Fantasy World, gas is 79 cents a gallon, and gallons are now 10 pints!

[89th]

"many people have told me" he says, too

[Doctor Phibes]

@89th said in Trumpenomics:

"many people have told me" he says, too

Presumably not the 'Very Bad People' who whisper to him from under the stairs about Jeffrey Epstein's list while he's waiting for the stairlift to arrive, but the 'Very Fine People' who tell him he's the Greatest President Ever on the hour, every hour.

[xenon]

Im still salty that Trump normalized MMT across republicans.

We’re in for some pain in the future.

[Horace]

@xenon said in Trumpenomics:

Im still salty that Trump normalized MMT across republicans.

We’re in for some pain in the future.

There was never any stopping that train, and the budget deficit would have been worse under Harris.

[xenon]

@Horace said in Trumpenomics:

@xenon said in Trumpenomics:

Im still salty that Trump normalized MMT across republicans.

We’re in for some pain in the future.

There was never any stopping that train, and the budget deficit would have been worse under Harris.

I don’t know. Harris would have had a lot to prove. The republicans would have howled to the high heavens about the deficit (but would have also given her shit if she didn’t cut taxes).

But they would have at least stuck to their traditional stance of deficits=bad.

I expect this sort of profligacy from the Dems.

[jon-nyc]

There’s talk of firing Powell again. I doubt he goes there. It’s just threats that will be ineffective. I mean the guy is gone in 10 months anyway, is he going to sell out to Trump or preserve his reputation and that of the Fed?