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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • H Offline
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    Horace
    wrote on 13 May 2025, 16:57 last edited by
    #907

    Count John Stossel, boomer conservative, in with those who don't think the tariffs are a good idea. The set of people who like them remains limited to Trump and exactly two of his advisors.

    Link to video

    Education is extremely important.

    1 Reply Last reply
    • 8 Offline
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      89th
      wrote on 13 May 2025, 17:00 last edited by
      #908

      I've enjoyed Stossel's segments ever since his "give me a break" segments during 20/20 back in the 90's.

      1 Reply Last reply
      • J Offline
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        jon-nyc
        wrote on 13 May 2025, 18:09 last edited by
        #909

        I’ve been reading him at Reason for years.

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

        1 Reply Last reply
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          Copper
          wrote on 13 May 2025, 19:25 last edited by Copper
          #910

          The importer doesn't like tariffs.

          Wow.

          H D 2 Replies Last reply 13 May 2025, 19:52
          • C Copper
            13 May 2025, 19:25

            The importer doesn't like tariffs.

            Wow.

            H Offline
            H Offline
            Horace
            wrote on 13 May 2025, 19:52 last edited by
            #911

            @Copper said in Trumpenomics:

            The importer doesn't like tariffs.

            Wow.

            It's so typical that when you punch someone in the face, they'll just whine about how much it hurt. They have no idea how predictable and tedious that whining is. It happens almost every time someone gets punched in the face.

            Education is extremely important.

            R 1 Reply Last reply 13 May 2025, 22:16
            • C Copper
              13 May 2025, 19:25

              The importer doesn't like tariffs.

              Wow.

              D Offline
              D Offline
              Doctor Phibes
              wrote on 13 May 2025, 21:21 last edited by
              #912

              @Copper said in Trumpenomics:

              The importer doesn't like tariffs.

              Wow.

              Copper doesn't like it when people criticise President Trump.

              Wow.

              I was only joking

              1 Reply Last reply
              • H Horace
                13 May 2025, 19:52

                @Copper said in Trumpenomics:

                The importer doesn't like tariffs.

                Wow.

                It's so typical that when you punch someone in the face, they'll just whine about how much it hurt. They have no idea how predictable and tedious that whining is. It happens almost every time someone gets punched in the face.

                R Offline
                R Offline
                Renauda
                wrote on 13 May 2025, 22:16 last edited by Renauda
                #913

                @Horace said in Trumpenomics:

                @Copper said in Trumpenomics:

                The importer doesn't like tariffs.

                Wow.

                It's so typical that when you punch someone in the face, they'll just whine about how much it hurt. They have no idea how predictable and tedious that whining is. It happens almost every time someone gets punched in the face.

                Then just throw him an elbow to the head and keep your eye on the play. Works for me.

                Elbows up!

                1 Reply Last reply
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                  Copper
                  wrote on 13 May 2025, 22:57 last edited by Copper
                  #914

                  Better than Pete Rose, and still alive. (The rumor is that Mr. Trump got the ban lifted).

                  image.png

                  1 Reply Last reply
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                    jon-nyc
                    wrote on 13 May 2025, 23:00 last edited by jon-nyc
                    #915

                    One out of four of those is actually true.

                    Welcome home, Edan.

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

                    1 Reply Last reply
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                      Renauda
                      wrote on 14 May 2025, 02:18 last edited by
                      #916

                      Edan should be thanking Copper. Profusely thanking Copper.

                      Elbows up!

                      1 Reply Last reply
                      • J Offline
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                        jon-nyc
                        wrote on 14 May 2025, 02:28 last edited by
                        #917

                        And the Indians and Pakistanis that are suffering from radiation burns from the nuclear conflict they experienced should thank him too. VP Shillbilly and Copper. Both of them.

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

                        1 Reply Last reply
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                          Doctor Phibes
                          wrote 30 days ago last edited by
                          #918

                          OMG HE STOPPED FENTANYL!

                          HE WON THE WAR ON DRUGS.

                          I was only joking

                          1 Reply Last reply
                          • J Offline
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                            jon-nyc
                            wrote 30 days ago last edited by
                            #919

                            This jives with what I gleaned from a call with the CIO of Merrill about a week ago. They have access to all the BofA retail info which touches about a quarter of all consumers.

                            They said that the top 10% of earners’ spending is up 7% yoy while the bottom 90% have been retrenching.

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

                            H 1 Reply Last reply 30 days ago
                            • J jon-nyc
                              30 days ago

                              This jives with what I gleaned from a call with the CIO of Merrill about a week ago. They have access to all the BofA retail info which touches about a quarter of all consumers.

                              They said that the top 10% of earners’ spending is up 7% yoy while the bottom 90% have been retrenching.

                              H Offline
                              H Offline
                              Horace
                              wrote 30 days ago last edited by
                              #920

                              No reason to be cautious, with all those factory jobs coming. I'd be spending like a drunken sailor. Like a drunken sailor who was about to get a sweet factory job.

                              Education is extremely important.

                              1 Reply Last reply
                              • J Offline
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                                jon-nyc
                                wrote 30 days ago last edited by
                                #921

                                I’ll admit to being a little surprised. It’s not obvious why they should have been retrenching in Q1. The fear of tariff-related inflation and job losses is more of a future concern. You’d also expect higher income people to be more clued in on the risks than the common man.

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

                                A 1 Reply Last reply 29 days ago
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                                  Axtremus
                                  wrote 29 days ago last edited by
                                  #922

                                  It's unprecedented! It's historical!

                                  https://www.washingtonpost.com/business/2025/05/14/trump-tariffs-china-trade/

                                  Since the inauguration on Jan. 20, Trump administration officials have announced new or revised tariff policies more than 50 times, according to a tally by The Washington Post. (A separate tally by Reed Smith, a law firm, has found about 55 such actions.) Trump has issued more than a dozen tariff-related executive orders, or about one per week ..:

                                  1 Reply Last reply
                                  • J jon-nyc
                                    30 days ago

                                    I’ll admit to being a little surprised. It’s not obvious why they should have been retrenching in Q1. The fear of tariff-related inflation and job losses is more of a future concern. You’d also expect higher income people to be more clued in on the risks than the common man.

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                                    Axtremus
                                    wrote 29 days ago last edited by
                                    #923

                                    @jon-nyc said in Trumpenomics:

                                    I’ll admit to being a little surprised. It’s not obvious why they should have been retrenching in Q1. The fear of tariff-related inflation and job losses is more of a future concern. You’d also expect higher income people to be more clued in on the risks than the common man.

                                    Common men fear for the future and tighten belts right away; higher income people say let's buy more and stock up before tariffs get real?

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                                      jon-nyc
                                      wrote 29 days ago last edited by jon-nyc
                                      #924

                                      Sure, but that assumes the common man and the higher income folks both have similar intuitions that tariffs are going to harm them economically in the immediate future.

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

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                                        89th
                                        wrote 28 days ago last edited by
                                        #925

                                        Link to video

                                        1 Reply Last reply
                                        • J Offline
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                                          jon-nyc
                                          wrote 28 days ago last edited by jon-nyc
                                          #926

                                          That’s a lot of emergencies.

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

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