Trumpenomics
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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%.
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wrote on 23 Apr 2025, 14:33 last edited by
America First is seeking to create more balance in global economy, Bessent says
Apr. 23, 2025 10:21 AM ETBy: Liz Kiesche, SA News Editor
The architects of the Bretton Woods pact recognized that global growth required global coordination, U.S. Treasury Secretary Scott Bessent said on Wednesday. "Yet everywhere we look, we see imbalance."
"America First does not mean America Alone," he said. "America First seeks to establish fairness in the economic balance."
The Trump administration is seeking to restore equilibrium in trade through its tariff policy and to restore inner order to the international system.
"Mission creep" has knocked the International Monetary Fund and World Bank "off course," he said in a speech to the Institute of International Finance.
More than 100 countries have approached the U.S. seeking to negotiate more balanced deals. "We're engaged in meaningful discussion and look forward to talking with others," he said.
The U.S. wants to help change the system, "because we want balance, too."
One unstainable aspect is the "persistent over-reliance on the United States for demand," he said.
The Treasury Secretary said the Trump administration wants to work with the IMF and the World Bank. Then he went on to list a number of items he says the IMF must do.
The IMF must be "a brutal truth-teller." Rather, he said the institution has been "whistling past the graveyard." The IMF has been "Pollyannish" and maintaining the status quo. IMF funding must be temporary, he noted.
The IMF must hold countries accountable for fiscal reform, and "sometimes, the IMF must say, "No,'" Bessent said.
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wrote on 23 Apr 2025, 15:28 last edited by
I have at least gotten an education on the importance of the American consumer to the global economy, through all of this.
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Just more evidence that there was so little to gain with these antics. If one wants to put a coherent frame on it, you'd just have to take seriously the notion of protectionism, higher prices, and more manufacturing jobs. Which is not a better America, but at least it's a comprehensible goal.
In practice, what will probably happen is that these shenanigans will show up in inflation and jobs numbers, Trump will declare victory over a bunch of nothing-burger concessions by countries that never treated America unfairly to begin with, and the fate of the whole exercise will be left up to China, who may or may not decide to rub America's nose in it, at significant cost to both countries in the short term, and maybe a benefit to China in the long term.
wrote on 24 Apr 2025, 00:08 last edited by jon-nyc@Horace said in Trumpenomics:
… and the fate of the whole exercise will be left up to China, who may or may not decide to rub America's nose in it, at significant cost to both countries in the short term, and maybe a benefit to China in the long term.
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wrote on 24 Apr 2025, 11:07 last edited by