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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • HoraceH Offline
    HoraceH Offline
    Horace
    wrote on last edited by
    #1230

    stock market is en fuego. But I suppose that doesn't mean much to those doing all that credit card spending. Except on the off chance they are contributing to a retirement plan.

    Education is extremely important.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by jon-nyc
      #1231

      I meet with Merrill (BofA) every quarter who, between credit cards and checking accounts, has a superb and early view of consumer behavior. One thing they’ve highlighted in recent meetings is that spending has been good but in large part it’s the top 10% of income earners picking up the slack for somewhat decreased purchasing power of the rest. Indeed that top 10% represent half of all consumer spending.

      There will be no deal with Iran except UNCONDITIONAL SURRENDER. -DJT, 3/6/26

      1 Reply Last reply
      • AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #1232

        It's good to be the top 10%!

        1 Reply Last reply
        • taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote on last edited by
          #1233

          The latest quarterly Trump economic report. Couple of things which you may notice.

          • I changed the source of some of the information, so that I get all of it from official US government sources. I went back and re-did the numbers so that they all came from US government.
          • I am not sure a "strict" change in % vs. the end of President Biden term tells the whole story. Probably better to graph out the numbers to see trends etc., but I was too lazy to do that. LOL

          Screenshot 2026-05-07 at 8.31.49 PM.png

          1 Reply Last reply
          • jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote on last edited by
            #1234

            There will be no deal with Iran except UNCONDITIONAL SURRENDER. -DJT, 3/6/26

            AxtremusA 1 Reply Last reply
            • jon-nycJ jon-nyc

              AxtremusA Offline
              AxtremusA Offline
              Axtremus
              wrote on last edited by
              #1235

              Hey @andrea-b , is there any shame in ☝ ?

              1 Reply Last reply
              • Doctor PhibesD Offline
                Doctor PhibesD Offline
                Doctor Phibes
                wrote on last edited by
                #1236

                I wonder if Rachel Wiggins is hot. WTTT?

                I was only joking

                1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote on last edited by
                  #1237

                  Wow.

                  30% of car buyers trading in vehicles in early 2026 are "underwater," owing more on their loans than the car is worth, with an average gap of over $7,000, per WSJ

                  There will be no deal with Iran except UNCONDITIONAL SURRENDER. -DJT, 3/6/26

                  1 Reply Last reply
                  • 89th8 Offline
                    89th8 Offline
                    89th
                    wrote on last edited by
                    #1238

                    Do we have any AAA or BBB bonds leveraged against the mortgage car loan backed securities business?

                    1 Reply Last reply
                    • jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by
                      #1239

                      13% of credit card accounts are 90 days overdue.

                      There will be no deal with Iran except UNCONDITIONAL SURRENDER. -DJT, 3/6/26

                      1 Reply Last reply
                      • jon-nycJ Online
                        jon-nycJ Online
                        jon-nyc
                        wrote last edited by
                        #1240

                        IMG_2660.jpeg

                        There will be no deal with Iran except UNCONDITIONAL SURRENDER. -DJT, 3/6/26

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote last edited by
                          #1241

                          Interesting. No word yet on where the jobs are coming from (sector)

                          There will be no deal with Iran except UNCONDITIONAL SURRENDER. -DJT, 3/6/26

                          1 Reply Last reply
                          • HoraceH Offline
                            HoraceH Offline
                            Horace
                            wrote last edited by
                            #1242

                            If AI manages to create jobs in aggregate rather than destroy them, we are on the verge of a spectacular economy.

                            Education is extremely important.

                            1 Reply Last reply
                            • AxtremusA Offline
                              AxtremusA Offline
                              Axtremus
                              wrote last edited by
                              #1243

                              Link to video

                              The Wired article: https://www.wired.com/story/all-the-ways-europe-is-ditching-american-technology/

                              1 Reply Last reply

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