Trumpenomics
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wrote on 9 Apr 2025, 23:33 last edited by
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wrote on 9 Apr 2025, 23:43 last edited by
@jon-nyc said in Trumpenomics:
And with 25% on aluminum, steel, and autos.
I was thinking along these lines. Glad someone quantified it. The escalating trade war with china, remains a big deal.
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wrote on 10 Apr 2025, 01:28 last edited by
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wrote on 10 Apr 2025, 01:36 last edited by
Yes, but China’s a hit more people are willing to take…
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wrote on 10 Apr 2025, 01:37 last edited by
I think the boat fees are actually as big as the tariffs…
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wrote on 10 Apr 2025, 05:25 last edited by
How are the farmers
of America taking this?
Are they more likely to plant crops or sell their machines?E.g. China has been stockpiling soybeans, and Brazil is an alternative supplier. Chinese import tax on US soybeans is now 104% ?
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wrote on 10 Apr 2025, 20:19 last edited by
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wrote on 10 Apr 2025, 21:05 last edited by
Maybe this time Trump will say "China will pay for it."
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wrote on 10 Apr 2025, 22:14 last edited by
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wrote on 11 Apr 2025, 00:03 last edited by
Good lord. The comments…
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wrote on 11 Apr 2025, 00:05 last edited by
I'm unsurprised that economic destruction is no big deal to people with nothing economic to lose.
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wrote on 11 Apr 2025, 02:33 last edited by jon-nyc 4 Nov 2025, 10:28
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wrote on 11 Apr 2025, 03:22 last edited by
Dollar index against a currency basket.
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wrote on 11 Apr 2025, 12:29 last edited by
From UBS:
Treasury Secretary Bessent said that they saw nothing unusual in yesterday’s market moves.
The 30yr treasury experienced the biggest increase since 1982, equities are falling, the dollar is falling, and gold hit an all time high.
Economists might consider this pattern not entirely usual.
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wrote on 11 Apr 2025, 12:55 last edited by
I think of Larry every time I hear about the gold price.
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wrote on 11 Apr 2025, 13:06 last edited by Axtremus 4 Nov 2025, 13:10
Op-ed praising Trump's genius tariff moves, comparing Trump to Tuft, McKinley, Ford, Reagan:
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wrote on 11 Apr 2025, 14:36 last edited by
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wrote on 11 Apr 2025, 14:42 last edited by
An odd situation. The Chinese economy is under stress (real estate, demographics, etc), and they are highly reliant on exports. Then again, there are other customers to export to than the USA. On our side, the USA is highly reliant on Chinese exports both for end products but also supply chain for so many companies. Really it seems to be more about two power egos fighting it out than realistic long-term international trade objectives. Not sure how it plays out but it will be interesting to see in a year or so how it compares to December 2024 numbers.
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wrote on 11 Apr 2025, 14:50 last edited by
This is definitely a bad time for China to have a trade war. The question is how much pain is he willing to subject his peasantry to in order to save face for China and himself.
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This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.
I think I’ve been blunt, I despise American Labor Unions. I think that they served a needed and valuable function 80 years ago, but are no longer needed, and have actually harmed American manufacturing extensively over the past 50 years. I also despise protectionist policies that go hand-in-hand with Union goals.
That being said, the response seems over the top. A little too much overreaction. Personally, I’ll tighten the belt a little (very glad the last tuition check has been cashed for Lucas) and will invest a little more aggressively over the next few weeks…
wrote on 11 Apr 2025, 15:25 last edited by@LuFins-Dad said in Trumpenomics:
This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.
What I don’t get is how this is consistent with your comment from 2 weeks ago or so about OMB and CBO underestimating the negative effects of tax increases. This is still the largest tax increase of your lifetime or mine.
