Trumpenomics

[Doctor Phibes]

@Renauda said in Trumpenomics:

@LuFins-Dad

. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

Rand Paul is a lonely voice in the current GOP echo chamber.

He's been accused of having TDS, predictably

[xenon]

It’s TDS to think the largest tax hike in history should go through Congress.

[LuFins Dad]

Think we will end the day below 39K?

[jon-nyc]

@xenon said in Trumpenomics:

It’s TDS to think the largest peacetime tax hike in history should go through Congress.

For the record (just) one of the tax hikes during WW-2 was higher as a percentage of GDP.

[Renauda]

@Doctor-Phibes said in Trumpenomics:

@Renauda said in Trumpenomics:

@LuFins-Dad

. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

Rand Paul is a lonely voice in the current GOP echo chamber.

He's been accused of having TDS, predictably

Yes, and I now have it from an anonymous albeit unimpeachable source that the derangement aspect of TDS has now progressed to the demonization phase. It’s just sooo unfair to the mango Mussolini.

[Doctor Phibes]

@Renauda said in Trumpenomics:

demonization

[jon-nyc]

Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

[Doctor Phibes]

@jon-nyc said in Trumpenomics:

Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

[LuFins Dad]

@Doctor-Phibes said in Trumpenomics:

@jon-nyc said in Trumpenomics:

Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

I think the best thing we can do at this point is to nationalize the stock market.

[Horace]

Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

[jon-nyc]

[Jolly]

[89th]

Whirlpool is an appropriate image right now

[Jolly]

And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.

It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.

[Renauda]

It is also strategic. You cannot depend on steel, aluminum….when those commodities come from adversarial nations or nations prone to a threat of instability.

I beg your pardon, Foghorn, but the major source of steel and aluminum imports into the US is Canada.

Stop with your bullshit. You understand sweet fuck all. In fact you’re like a blind queer at a weenie roast on this- you don’t know what the hell is happening out there. You’re just making shit up while you carry the water Trumpigula’s catheter bag.

[Horace]

@Jolly said in Trumpenomics:

And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

It's where 401ks and IRAs generally are, and that touches a huge swath of people. And it is the report card of corporate health in America, which is where the jobs come from. It is a huge deal, and acknowledging that does not depend on anybody having all their eggs in a single basket.

All that said, one would be hard pressed to find a better vehicle for wealth generation than the stock market, over any of our lifetimes. Folksy wisdom about diversification into "something else" would be difficult to justify with historical results. Admittedly, gold has actually held up well over the past 25 years compared to the stock market. Real estate hasn't.

[Jolly]

Farmland. Good farmland.

Has outperformed the stockmarket since about 1900, IIRC.

[Doctor Phibes]

@Jolly said in Trumpenomics:

Farmland. Good farmland.

That would certainly explain the smell.

[Horace]

@Jolly said in Trumpenomics:

Farmland. Good farmland.

Has outperformed the stockmarket since about 1900, IIRC.

Ok, invest in farmland REITs. But that would still be the stock market. And if the REITs aren't the same thing as "investing in good farmland", then I wonder if you're talking about a business involving the ownership of farmland, rather than a set it and forget it investment. My dad's family farm did not exactly make anybody rich, not while they were farming it and not after they sold it, I can tell you that.

[Doctor Phibes]

For years, they've been telling us not to rely on Social Security, and invest in 401K's. Now they're fucking the market up for the greater good and yet somehow we're the fools.