Trumpenomics
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wrote on 16 Mar 2025, 19:01 last edited by
@Jolly said in Trumpenomics:
- I think real estate is still in a bubble.
- I also think a lot of P/E ratios are hideous.
High asset prices and high PE ratios are products of market and consumer optimism.
I think the Trump policies are doing a great number on that optimism.
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wrote on 16 Mar 2025, 19:04 last edited by jon-nyc
I don’t see the sociological signs of a housing bubble but I agree with you on P/Es.
Housing is expensive, largely because we subsidize homeborrowership while restricting the fuck out of new supply.
It could come down as interest rates go back up, which seems inevitable.
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wrote on 16 Mar 2025, 19:06 last edited by
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wrote on 16 Mar 2025, 19:17 last edited by
If this is a good forecast housing might get a little cheaper.
https://tradingeconomics.com/united-states/bank-lending-rate
United States Average Monthly Prime Lending Rate
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wrote on 16 Mar 2025, 19:40 last edited by
Well, it helps that baby boomers are dying, too.
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wrote on 16 Mar 2025, 19:43 last edited by
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wrote on 16 Mar 2025, 20:22 last edited by
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wrote on 18 Mar 2025, 11:21 last edited by
Recession, "detox," "worth the pain," "not that bad" ...
Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.
“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” ...
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wrote on 18 Mar 2025, 12:04 last edited by Doctor Phibes
They'll change their tune pretty quickly if there is a recession and Trump's popularity goes down the toilet.
A bunch of millionaires and billionaires telling regular folk that they need to suffer for the common good is really going to go down well.
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wrote on 18 Mar 2025, 14:03 last edited by
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@89th said in Trumpenomics:
"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.
a good summary.
For those who do not follow economics, here's basically what happened:
Leavitt: 2+2=Purple.
AP Reporter: I have a calculator and 2+2=4.
Leavitt: How DARE you insult my math skills!
Conservative Media: White House DESTROYS disrespectful and un-American AP reporter.wrote on 18 Mar 2025, 16:16 last edited by@jon-nyc said in Trumpenomics:
@89th said in Trumpenomics:
"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.
a good summary.
For those who do not follow economics, here's basically what happened:
Leavitt: 2+2=Purple.
AP Reporter: I have a calculator and 2+2=4.
Leavitt: How DARE you insult my math skills!
Conservative Media: White House DESTROYS disrespectful and un-American AP reporter.During an interview show over the weekend
White House Press Secretary Karoline Leavitt accused Associated Press reporter Josh Boak of "failing" to see President Trump's "long-term economic strategy" in a Sunday interview, days after he sparred with her over tariffs during a press briefing.
"He [Boak] clearly fails to see President Trump's long-term economic strategy, which is to bring in so much revenue, so much wealth into our country through tariffs, that we can give larger tax cuts to the American people to put more money back into their pockets," Leavitt told Maria Bartiromo on "Sunday Morning Futures."
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wrote on 18 Mar 2025, 16:54 last edited by
They think we're idiots.
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wrote on 18 Mar 2025, 18:56 last edited by
we?
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wrote on 18 Mar 2025, 21:22 last edited by
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wrote on 20 Mar 2025, 18:32 last edited by
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wrote on 20 Mar 2025, 21:18 last edited by
DJIA is up over the last 5 days.
Tariffs are working!
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wrote 30 days ago last edited by
Consumer confidence at levels not seen since Covid.
Good job, Donny.
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wrote 30 days ago last edited by
Maybe he thinks this is golf where the lowest score wins?
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wrote 30 days ago last edited by
I’ve read that tourism to the US is trending way down. Lots of blue collar jobs connected to that.
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wrote 30 days ago last edited by jon-nyc
Most years we get north of 20MM Canadians here. This year that’ll be … fewer.
