Trumpenomics
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wrote on 21 Apr 2025, 18:16 last edited by Doctor Phibes
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
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wrote on 21 Apr 2025, 18:22 last edited by
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.
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wrote on 21 Apr 2025, 18:23 last edited by Doctor Phibes
Also, nobody who isn't a billionaire will be able to afford gender reassignment surgery, so that's another problem solved.
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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.
wrote on 21 Apr 2025, 18:24 last edited by@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.
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wrote on 21 Apr 2025, 18:25 last edited by
All that Trump gaslighting about how badly America has been treated is really paying off.
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wrote on 21 Apr 2025, 18:52 last edited by
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.
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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.
wrote on 21 Apr 2025, 18:57 last edited by@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.
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wrote on 21 Apr 2025, 21:04 last edited by jon-nyc
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.
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wrote on 22 Apr 2025, 02:54 last edited by
@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).
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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.
wrote on 22 Apr 2025, 02:55 last edited by@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.
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wrote on 22 Apr 2025, 09:23 last edited by
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.
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wrote on 22 Apr 2025, 10:13 last edited by
Front page of WSJ.
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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.
wrote on 22 Apr 2025, 10:15 last edited by@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.
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wrote on 22 Apr 2025, 10:18 last edited by
I don’t think that is the motivation but I have little doubt his family has been trading on his decisions.
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wrote on 22 Apr 2025, 12:33 last edited by
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
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wrote on 22 Apr 2025, 12:41 last edited by
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?
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wrote on 22 Apr 2025, 12:44 last edited by
The slowdown will make for a good opportunity to work on automating our ports.
Oh, wait, that’s right…
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wrote on 22 Apr 2025, 17:01 last edited by
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wrote on 22 Apr 2025, 23:09 last edited by jon-nyc
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wrote on 22 Apr 2025, 23:19 last edited by
@jon-nyc said in Trumpenomics:
Walking back China tariffs now, partially anyway.
Futures markets are happy.
We received our tariff based price increases on our Cristofori (Pearl River) pianos this week. The net effect was 8-12% increase on our discounted price to the consumer. The verticals were 12, the grands around 8%.