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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • Doctor PhibesD Online
    Doctor PhibesD Online
    Doctor Phibes
    wrote on last edited by
    #313

    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.

    I was only joking

    1 Reply Last reply
    • HoraceH 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.

      LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote on last edited by
      #314

      @Horace said in Trumpenomics:

      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.

      Hey, I get a percentage of every sale I make. I’m sure I can twist that to come across as I just got a raise…

      The Brad

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #315

        So… Does anybody think new American piano manufacturing will open up? Does European pianos going up so much allow Steinway to raise their prices? Digital pianos just got a lot more expensive, too.

        The Brad

        1 Reply Last reply
        • HoraceH 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.

          Doctor PhibesD Online
          Doctor PhibesD Online
          Doctor Phibes
          wrote on last edited by Doctor Phibes
          #316

          @Horace said in Trumpenomics:

          You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

          How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

          You know what they say about generals preparing to fight the last war....

          I was only joking

          HoraceH 1 Reply Last reply
          • Doctor PhibesD Doctor Phibes

            @Horace said in Trumpenomics:

            You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

            How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

            You know what they say about generals preparing to fight the last war....

            HoraceH Offline
            HoraceH Offline
            Horace
            wrote on last edited by
            #317

            @Doctor-Phibes said in Trumpenomics:

            @Horace said in Trumpenomics:

            You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

            How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

            You know what they say about generals preparing to fight the last war....

            Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.

            Education is extremely important.

            Doctor PhibesD LuFins DadL 2 Replies Last reply
            • HoraceH Horace

              @Doctor-Phibes said in Trumpenomics:

              @Horace said in Trumpenomics:

              You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

              How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

              You know what they say about generals preparing to fight the last war....

              Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.

              Doctor PhibesD Online
              Doctor PhibesD Online
              Doctor Phibes
              wrote on last edited by
              #318

              @Horace said in Trumpenomics:

              Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.

              The fathers of many politicians were toolmakers.

              I was only joking

              1 Reply Last reply
              • HoraceH Horace

                @Doctor-Phibes said in Trumpenomics:

                @Horace said in Trumpenomics:

                You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

                You know what they say about generals preparing to fight the last war....

                Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #319

                @Horace said in Trumpenomics:

                @Doctor-Phibes said in Trumpenomics:

                @Horace said in Trumpenomics:

                You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

                You know what they say about generals preparing to fight the last war....

                Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.

                I’ll disagree with you, there.

                The Brad

                1 Reply Last reply
                • kluursK Offline
                  kluursK Offline
                  kluurs
                  wrote on last edited by
                  #320

                  Who knew?

                  Link to video

                  1 Reply Last reply
                  • LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #321

                    The Brad

                    Doctor PhibesD 1 Reply Last reply
                    • kluursK Offline
                      kluursK Offline
                      kluurs
                      wrote on last edited by
                      #322

                      Wonder what would happen if countries were asked for a show of hands of how many nations feel it is a good time to end using the US dollar as the reserve currency for trade?

                      RenaudaR 1 Reply Last reply
                      • kluursK kluurs

                        Wonder what would happen if countries were asked for a show of hands of how many nations feel it is a good time to end using the US dollar as the reserve currency for trade?

                        RenaudaR Offline
                        RenaudaR Offline
                        Renauda
                        wrote on last edited by
                        #323

                        @kluurs

                        In January the BRICS countries were considering such. In response Trump threw a tantrum:

                        https://www.reuters.com/markets/currencies/trump-repeats-tariffs-threat-dissuade-brics-nations-replacing-us-dollar-2025-01-31/

                        I doubt if tantrums will act as a credible deterrent to them.

                        Elbows up!

                        1 Reply Last reply
                        • LuFins DadL LuFins Dad

                          Doctor PhibesD Online
                          Doctor PhibesD Online
                          Doctor Phibes
                          wrote on last edited by
                          #324

                          @LuFins-Dad said in Trumpenomics:

                          Look at Kush explaining all the clever sums, isn't it adorable?

                          I was only joking

                          1 Reply Last reply
                          • RenaudaR Offline
                            RenaudaR Offline
                            Renauda
                            wrote on last edited by
                            #325

                            Holy guacamole! They’re now trying to blind us with all the MAGAt Science.

                            Kush Desai:

                            https://www.business-standard.com/amp/world-news/who-is-kush-desai-donald-trump-s-newly-appointed-deputy-press-secretary-125012500389_1.html

                            He worked for the Daily Caller?

                            That’s like a Canadian having served as a
                            cub reporter for Rebel News

                            Elbows up!

                            1 Reply Last reply
                            • Doctor PhibesD Online
                              Doctor PhibesD Online
                              Doctor Phibes
                              wrote on last edited by
                              #326

                              Technobabble. As if this bullshit needs all the Greek letters and the confusing looking subscripts.

                              "Consider an environment" my arse.

                              if you unpick the formula above it boils down to simple maths: take the trade deficit for the US in goods with a particular country, divide that by the total goods imports from that country and then divide that number by two.

                              I was only joking

                              1 Reply Last reply
                              • LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #327

                                Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

                                Link to video

                                The Brad

                                RenaudaR HoraceH 89th8 3 Replies Last reply
                                • LuFins DadL LuFins Dad

                                  Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

                                  Link to video

                                  RenaudaR Offline
                                  RenaudaR Offline
                                  Renauda
                                  wrote on last edited by
                                  #328

                                  @LuFins-Dad

                                  Listened to the first 10 minutes as you recommended.

                                  Shapiro gets it. Why is it so difficult for others to grasp it?

                                  Elbows up!

                                  1 Reply Last reply
                                  • LuFins DadL LuFins Dad

                                    Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

                                    Link to video

                                    HoraceH Offline
                                    HoraceH Offline
                                    Horace
                                    wrote on last edited by Horace
                                    #329

                                    @LuFins-Dad said in Trumpenomics:

                                    Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

                                    Link to video

                                    Was just coming here to post this. His economic policies were admitted to be reasonable, even by many never-Trumpers on the right. Boy are they not reasonable anymore.

                                    Education is extremely important.

                                    1 Reply Last reply
                                    • HoraceH Offline
                                      HoraceH Offline
                                      Horace
                                      wrote on last edited by
                                      #330

                                      Shapiro expresses some optimism at 35:50. Optimism in the form of "I don't think he's this crazy, and so I don't think these tariffs are going to be implemented like that".

                                      Education is extremely important.

                                      1 Reply Last reply
                                      • LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote on last edited by
                                        #331

                                        Did you catch the bit where he called the Tariffs unconstitutional? If you get enough of the more traditional Republican senators and Congressmen to hear Shapiro and some of the other more traditional commentators come out hard against the tariffs, and they might actually stand up to Trump.

                                        The Brad

                                        1 Reply Last reply
                                        • HoraceH Offline
                                          HoraceH Offline
                                          Horace
                                          wrote on last edited by
                                          #332

                                          The tariffs have already done plenty of damage, and there is no coherent story about how they will benefit main street. I expect support for them to become politically toxic. Maga can’t run on delusions, not to that extent.

                                          Education is extremely important.

                                          1 Reply Last reply
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