Trumpenomics
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Federal government bailout coming for the farmers, again:
https://www.nytimes.com/2025/10/07/us/politics/trump-farmers-aid-china-trade-war.html
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Government subsidy (bailout by a different name) for farmers has been going on for years, decades, etc.
for example,
Ethanol
paying farmers not to plant
crop insurance
etcI am actually in favor most of these, but to say that President Trump is doing something different is not really true.
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I find it very Clintonian.
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Anecdotal… Through 3 quarters, we are up about 5% over last year. Over the past 6 weeks, we’ve had the three best Costco events that we’ve had in several years, and this is with a very limited item list that excludes Clavinovas under $5K.
Which oddly fits with what we’re seeing in the stores. The mid price points has slowed, but the upper end sales and lower end sales have risen drastically. I think the customers that would have bought $4K Clavs are buying $2K Clavs. That’s easy to see… And I can understand the high end sales not being as seriously impacted as well, but the very odd thing is the rise of the upper tier vertical pianos… I’ve sold more Yamaha YUS5s, Bechstein A6s, and Seiler 132s than I have U1s over the last few months. It’s very odd.
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The African American unemployment rate has surged over the past four months, from 6 to 7.5 percent, while the rate for white people ticked down slightly to 3.7 percent. ...
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That racist bastard.
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said in Trumpenomics:
I assume ‘70%’ refers to the portion of the tariff that will hit consumers come fall.
Updated for August. Apparently Goldman didn’t fire the guys doing this.
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@jon-nyc said in Trumpenomics:
What’s the practical effect? This feels to me like the whole UN resolution condemning Putin thing… There’s no practical effect. Just more hot air.
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It doesn’t end things itself but the mere fact that a small handful of republicans are putting country before party is encouraging. To me anyway.
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It doesn’t end things itself but the mere fact that a small handful of republicans are putting country before party is encouraging. To me anyway.
@jon-nyc said in Trumpenomics:
It doesn’t end things itself but the mere fact that a small handful of republicans are putting country before party is encouraging. To me anyway.
The numbers aren’t any different than the first try at this, except this time McConnell was present.
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Lot of missing data, so hard to take any conclusions. Numbers in BLUE are not up to date (mainly from end August rather then end Sept), as the US government shutdown means many data is not yet released.
