Trumpenomics

[jon-nyc]

But that’s sort of irrelevant.

I think what we’re seeing here is that most industries aren’t making expansion plans in the face of economic uncertainty. That economic uncertainty, perhaps uniquely in our economic history, has a single author who just fired the head of his labor statistics department.

[Doctor Phibes]

@jon-nyc said in Trumpenomics:

a single author who just fired the head of his labor statistics department.

I wonder if he was actually fired for pointing out that a 1500% decrease in expense is something that only a moron would talk about.

[Renauda]

@Doctor-Phibes said in Trumpenomics:

@jon-nyc said in Trumpenomics:

a single author who just fired the head of his labor statistics department.

I wonder if he was actually fired for pointing out that a 1500% decrease in expense is something that only a moron would talk about.

Maybe Trump was just confused and mistook an estimated savings range of 1% to 5% with a net reduction of 1500%.

That or Trump just rounded up to 1500% for the sake of simplicity.

[Axtremus]

Get your back-to-school shopping done early before tariffs hit:

https://thehill.com/homenews/education/5435418-back-to-school-trump-tariffs-trade-war/

[Axtremus]

Japan's trade deal:

https://www.washingtonpost.com/world/2025/08/08/us-japan-trade-deal-dispute/

With no provisions committed to a formal document, the fact sheets that both governments released have conflicting information.

[jon-nyc]

I assume ‘70%’ refers to the portion of the tariff that will hit consumers come fall.

[89th]

Yeah I'd imagine not many companies will just "eat" the import tax without passing it onto the price

[Axtremus]

Another 90-day pause on tariffs on imports from China:

https://www.theguardian.com/us-news/2025/aug/11/trump-china-tariffs-deal-deadline

[xenon]

The economy is going to be stuck in 3rd gear until these guys can decide whether to shit or get off the pot.

[Axtremus]

They may try to occupy the pot and edge forever.