Trumpenomics

[Axtremus]

@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?

[jon-nyc]

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.

[89th]

Link to video

[jon-nyc]

That’s a lot of emergencies.

[89th]

[jon-nyc]

Corporate greed strikes again.

[LuFins Dad]

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

[jon-nyc]

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

[Axtremus]

Has Bernie responded?

[jon-nyc]

I’m sure he’ll be hypocritical too.

[jon-nyc]

Cliff Asness comments:

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

[Horace]

@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.

[Axtremus]

@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?

[jon-nyc]

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

[jon-nyc]

[jon-nyc]

[jon-nyc]

Wait, I thought foreigners paid the tariffs.

[89th]

I know this is wasted CO2 at this point but how does Trump have the "power" to point to a specific company and tell them they're going to pay a 25% tax on their products?

[Axtremus]

I vaguely recall there is a political ideology that says the government centrally controls what you produce. What's that called again?

[jon-nyc]

Of course it would cost way more than 25% of the iPhone price just to manufacture them here, to say nothing of the cost of building new plants, etc, to accommodate a policy that will be voided by the next administration. So we'll get more expensive phones AND no jobs.

Win-win!