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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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    Doctor Phibes
    wrote 28 days ago last edited by
    #918

    OMG HE STOPPED FENTANYL!

    HE WON THE WAR ON DRUGS.

    I was only joking

    1 Reply Last reply
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      jon-nyc
      wrote 28 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.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      H 1 Reply Last reply 28 days ago
      • J jon-nyc
        28 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 28 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
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          jon-nyc
          wrote 28 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.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          A 1 Reply Last reply 27 days ago
          • A Offline
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            Axtremus
            wrote 27 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
              28 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.

              A Offline
              A Offline
              Axtremus
              wrote 27 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?

              1 Reply Last reply
              • J Offline
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                jon-nyc
                wrote 27 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.

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                1 Reply Last reply
                • 8 Offline
                  8 Offline
                  89th
                  wrote 26 days ago last edited by
                  #925

                  Link to video

                  1 Reply Last reply
                  • J Offline
                    J Offline
                    jon-nyc
                    wrote 26 days ago last edited by jon-nyc
                    #926

                    That’s a lot of emergencies.

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    1 Reply Last reply
                    • 8 Offline
                      8 Offline
                      89th
                      wrote 26 days ago last edited by
                      #927

                      image.png

                      1 Reply Last reply
                      • J Offline
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                        jon-nyc
                        wrote 25 days ago last edited by
                        #928

                        Corporate greed strikes again.

                        IMG_5176.jpeg

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
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                          LuFins Dad
                          wrote 25 days ago last edited by
                          #929

                          Yeah, cause margins don’t exist. Remember when the Republicans were yelling at Biden for blaming inflation on greedy Jewish grocers?

                          The Brad

                          1 Reply Last reply
                          • J Offline
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                            jon-nyc
                            wrote 25 days ago last edited by
                            #930

                            You either die a tariff hawk, or live long enough to embrace greedflation.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • A Offline
                              A Offline
                              Axtremus
                              wrote 25 days ago last edited by
                              #931

                              Has Bernie responded?

                              1 Reply Last reply
                              • J Offline
                                J Offline
                                jon-nyc
                                wrote 25 days ago last edited by jon-nyc
                                #932

                                I’m sure he’ll be hypocritical too.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • J Offline
                                  J Offline
                                  jon-nyc
                                  wrote 24 days ago last edited by
                                  #933

                                  Cliff Asness comments:

                                  I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  H 1 Reply Last reply 24 days ago
                                  • J jon-nyc
                                    24 days ago

                                    Cliff Asness comments:

                                    I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

                                    H Offline
                                    H Offline
                                    Horace
                                    wrote 24 days ago last edited by
                                    #934

                                    @jon-nyc said in Trumpenomics:

                                    Cliff Asness comments:

                                    I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

                                    Yep.

                                    At least Trump will make pro capitalism noises though.

                                    Education is extremely important.

                                    A 1 Reply Last reply 24 days ago
                                    • H Horace
                                      24 days ago

                                      @jon-nyc said in Trumpenomics:

                                      Cliff Asness comments:

                                      I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

                                      Yep.

                                      At least Trump will make pro capitalism noises though.

                                      A Offline
                                      A Offline
                                      Axtremus
                                      wrote 24 days ago last edited by
                                      #935

                                      @Horace said in Trumpenomics:

                                      @jon-nyc said in Trumpenomics:

                                      Cliff Asness comments:

                                      I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

                                      Yep.

                                      At least Trump will make pro capitalism noises though.

                                      Perhaps along with also more ICE raids at Walmart locations?

                                      1 Reply Last reply
                                      • J Offline
                                        J Offline
                                        jon-nyc
                                        wrote 24 days ago last edited by
                                        #936

                                        Maybe the phone isn’t really ringing off the hook.

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • J Offline
                                          J Offline
                                          jon-nyc
                                          wrote 23 days ago last edited by
                                          #937

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          1 Reply Last reply
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                                          16 May 2025, 11:40


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