Trumpenomics
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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.
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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.
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Nobody’s talking about gas.. I just filled up at $2.80 per gallon.
@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.
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@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.
This post is deleted! -
@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 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.
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Reminds me of this:
https://www.reddit.com/r/familyguy/comments/164xjd5/in_too_good_of_shape/
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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.
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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
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Pre-inaugeration
“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect." Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”Post Inaugeration
“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” he said in a Fox News interview Feb. 9. “It was an amazing achievement.”“The stock market is going to be great,” he told the crowd at an investor conference Feb. 19.
Now
“You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.” -
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.
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Pre-inaugeration
“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect." Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”Post Inaugeration
“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” he said in a Fox News interview Feb. 9. “It was an amazing achievement.”“The stock market is going to be great,” he told the crowd at an investor conference Feb. 19.
Now
“You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”@taiwan_girl said in Trumpenomics:
Pre-inaugeration
“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect." Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”Post Inaugeration
“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” he said in a Fox News interview Feb. 9. “It was an amazing achievement.”“The stock market is going to be great,” he told the crowd at an investor conference Feb. 19.
Now
> “You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”I'm not really sensing a plan with these tariffs that will pan out within Maga's timeline, which isn't quarters, but which certainly is 2 years or 4 years at most.
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"Tariffs are a tax hike on foreign countries. Tariffs are a tax cut for the American people." Either I totally am wrong (possible) or I think the white house truly has NO idea what a tariff is and who pays it. WTFFFFFFFF
Of course she snips at the AP at the end of it.
Around 56:45 -
Link to video
