Trumpenomics

[jon-nyc]

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.

[Renauda]

Slow down or full blown recession both trace back to one stupid narcissist who thought he could fool the market.

[Doctor Phibes]

Ok, I’m tired of winning.

[Renauda]

@Doctor-Phibes

Ok, 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.

[jon-nyc]

[Horace]

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.

[xenon]

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.

[jon-nyc]

[Horace]

I might buy some calls if this keeps up.

[89th]

I never try and time the market... but if the S&P dips down to like 5,000... I'll probably change some investments into "super aggressive growth" mode to ride the eventual rise.

Keep in mind Biden saw a 60% increase in the S&P, and Trump 1st term also so a 60% increase. It hasn't been too bad over the last 5 years (see below) and has been great since 2010.

[NobodySock]

@LuFins-Dad said in Trumpenomics:

Nobody’s talking about gas.. I just filled up at $2.80 per gallon.

5 bucks a gallon for Premium with cash. 5.25 with credit. But our gas is really a gas. So clean since we tax the ugly bits out of it.

[NobodySock]

This post is deleted!

[NobodySock]

@NobodySock said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

Nobody’s talking about gas.. I just filled up at $2.80 per gallon.

5 bucks a gallon for Premium with cash. 5.25 with credit. But our gas is really a gas. So clean since we tax the ugly bits out of it.

My new main squeeze to get around the town. Yes, that is a battery that resides under my ass. There's another smaller one inside the Wallke. I just mounted the rear rack so that I can Costco without my guzzlers.

[jon-nyc]

Unfortunately Noah’s right about this.

[jon-nyc]

I love how the new GOP talking point is ‘the market was just too damn high under Biden. Trump’s fixing that now’.

[89th]

LOL oh the things that can be said on Fox

[89th]

Reminds me of this:

https://www.reddit.com/r/familyguy/comments/164xjd5/in_too_good_of_shape/

[89th]

And then you have Secretary Nutlick... does he know how tariffs work? I tried finding the clip in context to see if there was more detail but I can't find it.

https://www.reddit.com/r/PublicFreakout/comments/1j8j1bv/us_commerce_grifter_secretary_howard_lutnick_puts/

[jon-nyc]

[89th]

At this point I'd love a powerpoint presentation to explain how this is all going to make America great again. Not even sarcastic... I am genuinely confused. If this is about protecting domestic production until it can replace the imports, the Trump/Nutlick team would be wise to read this summary (it's not political, btw...) especially Section II: https://www.reddit.com/r/Economics/wiki/faq_protectionism_and_development/#wiki_section_ii.3A_an_overview_of_the_infant_industry_argument