Trumpenomics
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@taiwan_girl said in Trumpenomics:
Perhaps the most significant data point signaling a possible recession is the Federal Reserve Bank of Atlanta’s widely tracked GDPNow model, which forecasts U.S. economic output will contract by an annualized rate of -2.4% in 2025’s first quarter based on a series of economic data points.
They’re talking about changing the GDP calculation to hide that.
Typical MAGAT projection. Accuse the other side of manipulating the numbers, then go manipulate the numbers.
wrote on 10 Mar 2025, 00:12 last edited by@jon-nyc said in Trumpenomics:
They’re talking about changing the GDP calculation to hide that.
Yeah, I saw that. To me, you need a baseline to compare different periods and times. Changing the numbers to make yourself look better is not a good idea.
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wrote on 10 Mar 2025, 13:02 last edited by
At 9:30...
Worried about a recession? "We're going to take in hundreds of billions of dollars from tariffs, we're going to become so rich you can't even spend all the money."
What is he talking about? Does he understand how tariffs work? At 9:30...
Link to video -
wrote on 10 Mar 2025, 13:25 last edited by
He either doesn’t understand them or he’s constantly lying about it. Unclear to me which is the more charitable. I think the bulk of the evidence points to the former. As the Cato guys point out, it may be the only policy position he’s been consistent about since the 80s.
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At 9:30...
Worried about a recession? "We're going to take in hundreds of billions of dollars from tariffs, we're going to become so rich you can't even spend all the money."
What is he talking about? Does he understand how tariffs work? At 9:30...
Link to videowrote on 10 Mar 2025, 14:44 last edited by@89th said in Trumpenomics:
At 9:30...
Worried about a recession? "We're going to take in hundreds of billions of dollars from tariffs, we're going to become so rich you can't even spend all the money."
What is he talking about? Does he understand how tariffs work? At 9:30...
Link to videoI wonder how many trillions have already been lost from the total market cap of US stocks.
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wrote on 10 Mar 2025, 15:21 last edited by
I’m going to assume that he takes an off-ramp if things get really hairy.
But what is the escape hatch if he starts digging his heels in?
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wrote on 10 Mar 2025, 15:27 last edited by
Interesting from Cato.
On shoring all Canadian aluminum would require "over 40 million megawatt-hours of electricity. This is nearly four and a half times the annual electricity production of the Hoover Dam, enough to power 460 data centers or the entire state of Nevada for a year"
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wrote on 10 Mar 2025, 15:33 last edited by Renauda 3 Oct 2025, 15:44
Premier of Ontario just announced 10 minutes ago that effective immediately Ontario will impose a 25% surcharge on its electricity exports into US until such time all threats of US tariffs against Canada are off the table. He also stated that if the US retaliates, he will increase the export surcharge or shut off all electrical power exports from Ontario into the US.
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wrote on 10 Mar 2025, 16:02 last edited by
The premier of BC put in place legislation to start charging levies on commercial trucks going up to Alaska.
Not saying that’s the right thing to do - but these guys are going on their war footing.
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wrote on 10 Mar 2025, 16:06 last edited by
I wonder what fraction of a percentage of the American economy these better trade agreements might even be worth. In the best case scenario that better trade agreements are the actual motivation here, rather than an attempt to remake an isolationist America, for which Maga does not have nearly enough runway, and so it would end up being a destructive and aborted project after the next election.
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wrote on 10 Mar 2025, 16:16 last edited by
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wrote on 10 Mar 2025, 17:53 last edited by
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wrote on 10 Mar 2025, 19:09 last edited by
Today seems to be verging on an historic daily loss. The market doesn't trust that Trump won't actually go through with the ruinous tariffs.
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wrote on 10 Mar 2025, 19:10 last edited by
Recession?
Don't think so. I do think we're in for a slow down.
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wrote on 10 Mar 2025, 19:21 last edited by
I don’t know that we’ve ever had a recession with a single author before. This is very preventable and who knows he may still back off.
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wrote on 10 Mar 2025, 20:09 last edited by
Slow down or full blown recession both trace back to one stupid narcissist who thought he could fool the market.
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wrote on 10 Mar 2025, 21:29 last edited by
Ok, I’m tired of winning.
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Ok, I’m tired of winning.
wrote on 10 Mar 2025, 21:44 last edited by Renauda 3 Oct 2025, 21:45Ok, I’m tired of winning.
No need to dog whistle the resident MAGAt troll. It will show up anyway barking the usual trite tidbit of vacuous snark.
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wrote on 11 Mar 2025, 00:11 last edited by
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wrote on 11 Mar 2025, 00:22 last edited by
By my quick calculations, the S&P 500 companies alone lost about 15% of the national debt in market cap over the past month or so of tariff chaos.
Of course, market cap losses are not the same thing as getting that much liquid value out of the stocks. Any such attempt would drive the price way lower, I guess.
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wrote on 11 Mar 2025, 01:13 last edited by xenon 3 Nov 2025, 01:14
My worry is supply chain de-coupling. After Trump 45, the most successful part of his China policy was getting companies to factor in risks from investing in China.
It caused many new plant investments to shift away from China.
European and Canadian companies (really anyone), will now think twice before they invest in the US as a part of their supply chain or end market.
That’s not a win for the US. It seems like he’s burning the boats for some inexplicable reason.