Trumpenomics
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wrote on 17 Apr 2025, 16:16 last edited by
Trump's most imbecilic trade advisors, Navarro and Lutnik, each called out the fact that large tech stocks were the main reason the stock market was doing so well. This was presented as a bad thing. Taking down America's most successful public companies may not be the goal, but it is certainly an acceptable loss, to the people behind the policies. But I remain cautiously confident that Trump does not want to be known for all those great and famous American companies getting clobbered. Lutnik and Navarro don't care, but I'm guessing that Trump does. Of course, even if Trump cares, his abject insanity regarding trade policies may prevent him from doing the right things to keep those companies healthy. He still thinks IPhones can be made in America.
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wrote on 17 Apr 2025, 17:10 last edited by jon-nyc
I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.
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wrote on 17 Apr 2025, 17:18 last edited by
Unfortunately, even though I am not an economist, I pretty sure it is not possible to increase labor costs by 10X or so and be able to sell the product (for example iPhone) for the same or lower price. LOL
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wrote on 17 Apr 2025, 18:07 last edited by xenon
It’s not even particularly desirable. An iPhone sells for $1000, costs about $400 to make and about $100 of that value is driven by China.
Would we rather have Huawei in America with $100 going to American manufacturing (just assume that’s possible) - or the current state of an American company (Apple) with $100 going to China?
The way Trump talks, he’d take the former.
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It’s not even particularly desirable. An iPhone sells for $1000, costs about $400 to make and about $100 of that value is driven by China.
Would we rather have Huawei in America with $100 going to American manufacturing (just assume that’s possible) - or the current state of an American company (Apple) with $100 going to China?
The way Trump talks, he’d take the former.
wrote on 17 Apr 2025, 18:31 last edited by@xenon said in Trumpenomics:
It’s not even particularly desirable.
No, it's all an idiotic fever dream, cooked up by maybe the only two economists in the world who think tariffs cause prosperity, and the intuitions of Trump.
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wrote on 17 Apr 2025, 18:48 last edited by
The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…
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wrote on 17 Apr 2025, 19:01 last edited by
Indeed they did. I had an 86 ford tempo in 1990, already a cheap used car by then, that almost bankrupted me with repair bills.
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I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.
wrote on 17 Apr 2025, 19:44 last edited by@jon-nyc said in Trumpenomics:
I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.
Been saying he's channeling McKinley.
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The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…
wrote on 17 Apr 2025, 19:51 last edited by@LuFins-Dad said in Trumpenomics:
The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…
Trump Admin is claiming $7T investment coming to America. I'm sure that's inflated, but look at the marching orders that went to the agencies about rules that have made up out of whole cloth. Washington should soon be in a deregulation frenzy.
Less regulation burdens, no tariffs, a Navy ship building program, etc. Maybe the world gets the hint we're in the business for business?
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wrote on 17 Apr 2025, 20:59 last edited by jon-nyc
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wrote on 18 Apr 2025, 00:55 last edited by
I don't think we're deterring students from coming here, if they're coming to study.
You want to play justice warrior for your pet cause, especially using illegal protests to do so or protesting for a terrorist organization? I think your time in America will be brief and rightly so.
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I don't think we're deterring students from coming here, if they're coming to study.
You want to play justice warrior for your pet cause, especially using illegal protests to do so or protesting for a terrorist organization? I think your time in America will be brief and rightly so.
wrote on 18 Apr 2025, 01:22 last edited by@Jolly said in Trumpenomics:
I don't think we're deterring students from coming here, if they're coming to study.
Sure we are.
If you are a foreign student looking to study abroad, and you have a choice of lets say, US, UK, Australia, etc. you may give less thought to the US, regardless if you are a pure angel or not.
I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.
US universities like them as they pay full amount to go to school. I know of quite a few Chinese students at schools like Univ. of IL, and they are all paying list price of USD$50K per year. (They may be getting some sort of subsidy from their home country, but not from the US school).
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@Jolly said in Trumpenomics:
I don't think we're deterring students from coming here, if they're coming to study.
Sure we are.
If you are a foreign student looking to study abroad, and you have a choice of lets say, US, UK, Australia, etc. you may give less thought to the US, regardless if you are a pure angel or not.
I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.
US universities like them as they pay full amount to go to school. I know of quite a few Chinese students at schools like Univ. of IL, and they are all paying list price of USD$50K per year. (They may be getting some sort of subsidy from their home country, but not from the US school).
wrote on 18 Apr 2025, 03:35 last edited by@taiwan_girl said in Trumpenomics:
I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.
Good.
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@taiwan_girl said in Trumpenomics:
I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.
Good.
wrote on 18 Apr 2025, 06:08 last edited by@Jolly said in Trumpenomics:
@taiwan_girl said in Trumpenomics:
I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.
Good.
Now that you think about it, Elon first came here with a student visa.
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wrote on 18 Apr 2025, 06:30 last edited by
American winemakers talk tariffs:
Will American winemakers win with tariffs? The ones we spoke with don't seem to think so.
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wrote on 18 Apr 2025, 07:49 last edited by
Trump(CF) teaching everyone his way is the best
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wrote on 18 Apr 2025, 21:24 last edited by
End of Q1 numbers. I will update as the missing ones come in, and plan on updating this every quarter. If anybody feels something else should be on here (economically), let me know.
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wrote on 18 Apr 2025, 23:38 last edited by
Cost of gas is down, even to $1.98! Umm the national average was $3.22 on 1/20 and $3.29 as of yesterday.
Cost of eggs have gone down 92%! They were $6.55 on 1/20 and $3.11 as of yesterday. Thats like 47%?
What idiots does he have feeding him data, I’m guessing only sycophants have access to him.
Link to video -
wrote on 18 Apr 2025, 23:38 last edited by
Oh and the clip ends but he starts rambling about how the federal reserve doesn’t have anyone smart there and that Powell is playing politics.
What a disaster.
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wrote on 19 Apr 2025, 05:42 last edited byLink to video
TL;DR version:
- Delta: doesn’t want to pay tariffs on incoming Airbus aircraft; willing to delay taking delivery
- Airbus: OK, we accelerate delivery to other customers eager to take delivery earlier
