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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • R Offline
    R Offline
    Renauda
    wrote on 13 Mar 2025, 03:18 last edited by
    #162

    Still no excuse for sloppy thinking on his part.

    Elbows up!

    1 Reply Last reply
    • J Offline
      J Offline
      jon-nyc
      wrote on 13 Mar 2025, 14:49 last edited by jon-nyc
      #163

      Seeing a lot of this type of thing from business and finance types that voted Trump for the first time in 2024. They voted for him over wokeness, immigration, and Israel thinking the tariff stuff was mostly bluster.

      Asness used to run the quantitative finance desk at Goldman before going in to start AQR Capital Management. He has advanced degrees in both CS and quantitative finance. Smart guy.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • H Offline
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        Horace
        wrote on 13 Mar 2025, 15:10 last edited by
        #164

        It's never been clear to me how anti-competitive manufacturing jobs are supposed to make america great again.

        Education is extremely important.

        1 Reply Last reply
        • X Offline
          X Offline
          xenon
          wrote on 13 Mar 2025, 15:24 last edited by xenon
          #165

          Maybe, just maybe…. Trump’s an idiot. It’s worth considering.

          H 1 Reply Last reply 13 Mar 2025, 15:29
          • X xenon
            13 Mar 2025, 15:24

            Maybe, just maybe…. Trump’s an idiot. It’s worth considering.

            H Offline
            H Offline
            Horace
            wrote on 13 Mar 2025, 15:29 last edited by
            #166

            @xenon If he's obstinate enough about some sort of religious attachment to tariffs, that'll do till the real idiocy gets here.

            Education is extremely important.

            1 Reply Last reply
            • X Offline
              X Offline
              xenon
              wrote on 13 Mar 2025, 15:34 last edited by
              #167

              I’m not saying it’s not a different flavor of incompetence.

              1 Reply Last reply
              • J Offline
                J Offline
                jon-nyc
                wrote on 13 Mar 2025, 20:07 last edited by
                #168

                Fifth fasted correction since 1950.

                IMG_3593.jpeg

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                L 1 Reply Last reply 15 Mar 2025, 11:58
                • H Horace
                  13 Mar 2025, 02:08

                  Stock market? More like drop market.

                  C Offline
                  C Offline
                  Copper
                  wrote on 14 Mar 2025, 19:10 last edited by
                  #169

                  @Horace said in Trumpenomics:

                  Stock market? More like drop market.

                  Not any more, today it is going up like a rocket!

                  Let's all celebrate!

                  Thanks to Mr. Trump!

                  1 Reply Last reply
                  • 8 Online
                    8 Online
                    89th
                    wrote on 14 Mar 2025, 22:08 last edited by
                    #170

                    IMG_2177.jpeg

                    1 Reply Last reply
                    • A Offline
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                      Axtremus
                      wrote on 15 Mar 2025, 00:47 last edited by
                      #171

                      North Dakota went big for Trump. Now many farmers say they face an uncertain future

                      https://www.npr.org/2025/03/14/nx-s1-5320335/north-dakota-went-big-for-trump-now-many-farmers-say-they-face-an-uncertain-future

                      As they get bit by tariffs, the North Dakota farmers who voted for Trump may be experiencing "buyer's remorse."

                      C 1 Reply Last reply 15 Mar 2025, 00:57
                      • A Axtremus
                        15 Mar 2025, 00:47

                        North Dakota went big for Trump. Now many farmers say they face an uncertain future

                        https://www.npr.org/2025/03/14/nx-s1-5320335/north-dakota-went-big-for-trump-now-many-farmers-say-they-face-an-uncertain-future

                        As they get bit by tariffs, the North Dakota farmers who voted for Trump may be experiencing "buyer's remorse."

                        C Offline
                        C Offline
                        Copper
                        wrote on 15 Mar 2025, 00:57 last edited by
                        #172

                        @Axtremus said in Trumpenomics:

                        farmers say they face an uncertain future

                        Was there ever a farmer who did not face an uncertain future?

                        1 Reply Last reply
                        • H Offline
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                          Horace
                          wrote on 15 Mar 2025, 01:44 last edited by
                          #173

                          I’ll be worried if the tariffs don’t drop his poll numbers noticeably.

                          Education is extremely important.

                          1 Reply Last reply
                          • T taiwan_girl
                            11 Mar 2025, 23:41

                            @89th said in Trumpenomics:

                            "Tariffs are a tax a tax hike on foreign countries. Tariffs are a tax cut for the American people."

                            Press secretary has to be one of the worst jobs I would not want.

                            N Offline
                            N Offline
                            NobodySock
                            wrote on 15 Mar 2025, 07:21 last edited by
                            #174

                            @taiwan_girl said in Trumpenomics:

                            @89th said in Trumpenomics:

                            "Tariffs are a tax a tax hike on foreign countries. Tariffs are a tax cut for the American people."

                            Press secretary has to be one of the worst jobs I would not want.

                            If you lie good enough, you can become governor of a red state the very next election.

                            1 Reply Last reply
                            • J jon-nyc
                              13 Mar 2025, 20:07

                              Fifth fasted correction since 1950.

                              IMG_3593.jpeg

                              L Offline
                              L Offline
                              LuFins Dad
                              wrote on 15 Mar 2025, 11:58 last edited by
                              #175

                              @jon-nyc said in Trumpenomics:

                              Fifth fasted correction since 1950.

                              IMG_3593.jpeg

                              That’s great news! It means everyone is investing in bonds, which is huge since we’re raising our debt and pretty soon no other countries will want to buy it! Winning at 5D Chess!

                              The Brad

                              1 Reply Last reply
                              • J Offline
                                J Offline
                                Jolly
                                wrote on 15 Mar 2025, 12:00 last edited by Jolly
                                #176

                                If you lie good enough, you can become governor of a red state the very next election.

                                Or you can run for POTUS in the 2028 Democrat primaries.

                                Helps if you're half dead. Bring your own bongos.

                                “Cry havoc and let slip the DOGE of war!”

                                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                1 Reply Last reply
                                • J Offline
                                  J Offline
                                  jon-nyc
                                  wrote on 16 Mar 2025, 15:44 last edited by
                                  #177

                                  Ha.

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  1 Reply Last reply
                                  • H Offline
                                    H Offline
                                    Horace
                                    wrote on 16 Mar 2025, 15:48 last edited by
                                    #178

                                    Good take from Larry Summers, starting at 9:30.

                                    Link to video

                                    Education is extremely important.

                                    1 Reply Last reply
                                    • J Offline
                                      J Offline
                                      jon-nyc
                                      wrote on 16 Mar 2025, 16:00 last edited by
                                      #179

                                      Funny how they never claimed the stock market was "overvalued" during the late Biden administration, the fall campaign, the transition, or even Trump's first month when he promised immediate prosperity.

                                      But his tariffs cause a 10% freefall and suddenly "corrections are healthy."

                                      IMG_3668.jpeg

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      L 1 Reply Last reply 16 Mar 2025, 16:16
                                      • H Offline
                                        H Offline
                                        Horace
                                        wrote on 16 Mar 2025, 16:09 last edited by
                                        #180

                                        There was always a fair case to be made that the market was overvalued (and continues to be). But that doesn't mean that this correction has anything to do with anything other than the chaos tariffs.

                                        Education is extremely important.

                                        J 1 Reply Last reply 16 Mar 2025, 16:20
                                        • J jon-nyc
                                          16 Mar 2025, 16:00

                                          Funny how they never claimed the stock market was "overvalued" during the late Biden administration, the fall campaign, the transition, or even Trump's first month when he promised immediate prosperity.

                                          But his tariffs cause a 10% freefall and suddenly "corrections are healthy."

                                          IMG_3668.jpeg

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 16 Mar 2025, 16:16 last edited by
                                          #181

                                          @jon-nyc said in Trumpenomics:

                                          Funny how they never claimed the stock market was "overvalued" during the late Biden administration, the fall campaign, the transition, or even Trump's first month when he promised immediate prosperity.

                                          But his tariffs cause a 10% freefall and suddenly "corrections are healthy."

                                          IMG_3668.jpeg

                                          That’s willfully ignoring many posts and links from @Jolly over that time discussing the real estate bubble and way out of proportion PE Ratios. There were discussions about why Buffett was holding so much cash, and several times there were links provided where Trump himself was stating there was a likely recession coming and he almost didn’t want the job because of the predicted downturn.

                                          All that being said, as @Horace pointed out, we are all still blaming the current fall on the Trump Tariff Tangent, and it’s likely not a true correction. We will have to wait and see.

                                          The Brad

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