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The New Coffee Room

  1. TNCR
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  3. Trumpenomics

Trumpenomics

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  • J Online
    J Online
    jon-nyc
    wrote on 21 Apr 2025, 17:18 last edited by
    #765

    From wsj:

    IMG_4640.jpeg

    "You never know what worse luck your bad luck has saved you from."
    -Cormac McCarthy

    1 Reply Last reply
    • A Away
      A Away
      Axtremus
      wrote on 21 Apr 2025, 17:52 last edited by
      #766

      Who are those two green arrows?

      1 Reply Last reply
      • H Offline
        H Offline
        Horace
        wrote on 21 Apr 2025, 17:58 last edited by
        #767

        Another bloody day today for the nation’s retirement accounts.

        Education is extremely important.

        1 Reply Last reply
        • X Offline
          X Offline
          xenon
          wrote on 21 Apr 2025, 18:15 last edited by
          #768

          Doubly frustrating considering that the world economy was headed in the right direction. World stock markets were trending up, and the US usually beats them.

          So, we're down when we should have been up.

          Even more frustrating - it'll take months for this to really percolate through to "Main Street", at which point it might take even more months to unwind it.

          J 1 Reply Last reply 21 Apr 2025, 18:24
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            Doctor Phibes
            wrote on 21 Apr 2025, 18:16 last edited by Doctor Phibes
            #769

            Unlike Jesus, the person who had the second largest impact on religion, my 401K is not risen.

            In fact, it appears to have been left to rot on the cross.

            Still, not to worry, eggs are no longer 10 dollars a dozen, so we're in fucking great shape.

            #Americancarnage

            I was only joking

            1 Reply Last reply
            • H Offline
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              Horace
              wrote on 21 Apr 2025, 18:22 last edited by
              #770

              I'm going to save upwards of $20 this year on eggs, compared to Biden's prices. No word on how much my retirement has been drained in the time it took to write this post.

              Education is extremely important.

              1 Reply Last reply
              • D Offline
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                Doctor Phibes
                wrote on 21 Apr 2025, 18:23 last edited by Doctor Phibes
                #771

                Also, nobody who isn't a billionaire will be able to afford gender reassignment surgery, so that's another problem solved.

                I was only joking

                1 Reply Last reply
                • X xenon
                  21 Apr 2025, 18:15

                  Doubly frustrating considering that the world economy was headed in the right direction. World stock markets were trending up, and the US usually beats them.

                  So, we're down when we should have been up.

                  Even more frustrating - it'll take months for this to really percolate through to "Main Street", at which point it might take even more months to unwind it.

                  J Online
                  J Online
                  jon-nyc
                  wrote on 21 Apr 2025, 18:24 last edited by
                  #772

                  @xenon said in Trumpenomics:

                  Doubly frustrating considering that the world economy was headed in the right direction. World stock markets were trending up, and the US usually beats them.

                  So, we're down when we should have been up.

                  Even more frustrating - it'll take months for this to really percolate through to "Main Street", at which point it might take even more months to unwind it.

                  "You never know what worse luck your bad luck has saved you from."
                  -Cormac McCarthy

                  1 Reply Last reply
                  • D Offline
                    D Offline
                    Doctor Phibes
                    wrote on 21 Apr 2025, 18:25 last edited by
                    #773

                    All that Trump gaslighting about how badly America has been treated is really paying off.

                    I was only joking

                    1 Reply Last reply
                    • H Offline
                      H Offline
                      Horace
                      wrote on 21 Apr 2025, 18:52 last edited by
                      #774

                      With the market's gradual acceptance that shit is getting real and Trump really does plan to torpedo the glorious normal that used to be, gold has finally decoupled from the stock market. Used to be that this alleged hedge, just moved more or less in line with the market. But now it's not just a fun asset, it's an actual hedge against catastrophe, and it's moving up with the market moving down.

                      Education is extremely important.

                      D 1 Reply Last reply 21 Apr 2025, 18:57
                      • H Horace
                        21 Apr 2025, 18:52

                        With the market's gradual acceptance that shit is getting real and Trump really does plan to torpedo the glorious normal that used to be, gold has finally decoupled from the stock market. Used to be that this alleged hedge, just moved more or less in line with the market. But now it's not just a fun asset, it's an actual hedge against catastrophe, and it's moving up with the market moving down.

                        D Offline
                        D Offline
                        Doctor Phibes
                        wrote on 21 Apr 2025, 18:57 last edited by
                        #775

                        @Horace said in Trumpenomics:

                        With the market's gradual acceptance that shit is getting real and Trump really does plan to torpedo the glorious normal that used to be, gold has finally decoupled from the stock market. Used to be that this alleged hedge, just moved more or less in line with the market. But now it's not just a fun asset, it's an actual hedge against catastrophe, and it's moving up with the market moving down.

                        I'm sure there's a joke in there somewhere about shit getting real and golden toilets.

                        I was only joking

                        1 Reply Last reply
                        • J Online
                          J Online
                          jon-nyc
                          wrote on 21 Apr 2025, 21:04 last edited by jon-nyc
                          #776

                          The DOW has dropped 1000 points 11 times in history.

                          4 of those have been since “Liberation Day”

                          Granted 1000 pt drop today is way different from 1000pt drop 20 years ago, but still.

                          "You never know what worse luck your bad luck has saved you from."
                          -Cormac McCarthy

                          8 1 Reply Last reply 22 Apr 2025, 02:55
                          • H Horace
                            21 Apr 2025, 17:15

                            Always Sunny in Philadephia, TV show. I bought the first few seasons. It's very funny.

                            8 Offline
                            8 Offline
                            89th
                            wrote on 22 Apr 2025, 02:54 last edited by
                            #777

                            @Horace said in Trumpenomics:

                            Always Sunny in Philadephia, TV show. I bought the first few seasons. It's very funny.

                            Yeah it's a really great show. Unlike anything else on TV and it's actually the longest running live-action sitcom in TV history (since 2005).

                            1 Reply Last reply
                            • J jon-nyc
                              21 Apr 2025, 21:04

                              The DOW has dropped 1000 points 11 times in history.

                              4 of those have been since “Liberation Day”

                              Granted 1000 pt drop today is way different from 1000pt drop 20 years ago, but still.

                              8 Offline
                              8 Offline
                              89th
                              wrote on 22 Apr 2025, 02:55 last edited by
                              #778

                              @jon-nyc said in Trumpenomics:

                              The DOW has dropped 1000 points 11 times in history.

                              4 of those have been since “Liberation Day”

                              Granted 1000 pt drop today is way different from 1000pt drop 20 years ago, but still.

                              Yeah the "points!" headlines never make sense to me. It's all percentages, baby.

                              1 Reply Last reply
                              • J Online
                                J Online
                                jon-nyc
                                wrote on 22 Apr 2025, 09:23 last edited by
                                #779

                                The entire Covid Crash of 2020 lasted 1 month and 3 days and wiped $7 Trillion from the US Market.

                                $6.5 Trillion was wiped from the market this year in April over 2 days alone.

                                "You never know what worse luck your bad luck has saved you from."
                                -Cormac McCarthy

                                D 1 Reply Last reply 22 Apr 2025, 10:15
                                • J Online
                                  J Online
                                  jon-nyc
                                  wrote on 22 Apr 2025, 10:13 last edited by
                                  #780

                                  Front page of WSJ.

                                  IMG_4652.jpeg

                                  "You never know what worse luck your bad luck has saved you from."
                                  -Cormac McCarthy

                                  1 Reply Last reply
                                  • J jon-nyc
                                    22 Apr 2025, 09:23

                                    The entire Covid Crash of 2020 lasted 1 month and 3 days and wiped $7 Trillion from the US Market.

                                    $6.5 Trillion was wiped from the market this year in April over 2 days alone.

                                    D Offline
                                    D Offline
                                    Doctor Phibes
                                    wrote on 22 Apr 2025, 10:15 last edited by
                                    #781

                                    @jon-nyc said in Trumpenomics:

                                    The entire Covid Crash of 2020 lasted 1 month and 3 days and wiped $7 Trillion from the US Market.

                                    $6.5 Trillion was wiped from the market this year in April over 2 days alone.

                                    Not to sound like a crazy mf, but what are the odds that this is a deliberate ploy to enable Trump's family and friends to make a gargantuan amount of money by buying a ton of stocks just before he reverses the policy? The whole tariffs thing could be a decades long plan to make billions.

                                    I was only joking

                                    1 Reply Last reply
                                    • J Online
                                      J Online
                                      jon-nyc
                                      wrote on 22 Apr 2025, 10:18 last edited by
                                      #782

                                      I don’t think that is the motivation but I have little doubt his family has been trading on his decisions.

                                      "You never know what worse luck your bad luck has saved you from."
                                      -Cormac McCarthy

                                      1 Reply Last reply
                                      • J Online
                                        J Online
                                        jon-nyc
                                        wrote on 22 Apr 2025, 12:33 last edited by
                                        #783

                                        DHL will now suspend consumer shipments ‘from any origin’ that are over $800 because of a tariff-induced backlog at U.S. customs, per FORTUNE

                                        "You never know what worse luck your bad luck has saved you from."
                                        -Cormac McCarthy

                                        1 Reply Last reply
                                        • L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 22 Apr 2025, 12:41 last edited by
                                          #784

                                          FFS, we had a furniture guy screw up a lid on a Boesendorfer and had to ship it back to Vienna for repair. I wonder how this will affect the shipping back?

                                          The Brad

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