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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote last edited by
    #962

    Turning us into a Banana Republic in more ways than one.

    IMG_5649.jpeg

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • AxtremusA Offline
      AxtremusA Offline
      Axtremus
      wrote last edited by
      #963

      The OECD lowers its global GDP growth projections for 2025 & 2026 due to Trump's tariffs:

      https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

      Key figures
      
      3.1% 
        ⏷
      2.9%
      Revision to projected global GDP growth for 2025
      
      3.0%
        ⏷
      2.9%
      Revision to projected global GDP growth for 2026
      
      1 Reply Last reply
      • taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote last edited by
        #964

        U.S. manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged, and analysts said activity could decline further due to tighter credit conditions.

        The Institute for Supply Management (ISM) survey on Monday showed all subcomponents of its manufacturing PMI below the 50 threshold for the first time since 2009. Some economists said this suggested a recession was around the corner, while others said much would depend on the services sector, whose PMI remains consistent with a growing economy.

        https://www.reuters.com/markets/us/us-manufacturing-sector-weakest-nearly-three-years-march-ism-2023-04-03/

        1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote last edited by
          #965

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • HoraceH Offline
            HoraceH Offline
            Horace
            wrote last edited by
            #966

            I posted an interview with that guy shortly after Liberation Day. I liked him a lot.

            Education is extremely important.

            1 Reply Last reply
            • jon-nycJ jon-nyc

              China’s government is projecting confidence that it can outlast the U.S. in a protracted trade war in large part because of the potential damage inflicted by its restrictions on rare earth metals, said Eswar Prasad, a Cornell University economist who has spoken this week with Chinese finance officials.
              “That is the choke point,” Prasad said. “Beijing does not feel like it is going to back down and that the U.S. is in no position to dictate terms. A big, big part of that is rare earths, where they feel they have the capacity to do significant harm to American manufacturers.”

              taiwan_girlT Offline
              taiwan_girlT Offline
              taiwan_girl
              wrote last edited by
              #967

              @jon-nyc said in Trumpenomics:

              China’s government is projecting confidence that it can outlast the U.S. in a protracted trade war in large part because of the potential damage inflicted by its restrictions on rare earth metals, said Eswar Prasad, a Cornell University economist who has spoken this week with Chinese finance officials.
              “That is the choke point,” Prasad said. “Beijing does not feel like it is going to back down and that the U.S. is in no position to dictate terms. A big, big part of that is rare earths, where they feel they have the capacity to do significant harm to American manufacturers.”

              Seems like it is happening unfortunately

              A group representing auto suppliers in the United States called on Wednesday for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.

              and

              https://www.reuters.com/business/autos-transportation/us-auto-suppliers-say-immediate-action-needed-china-rare-earths-restrictions-2025-06-05/

              1 Reply Last reply
              • LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote last edited by
                #968

                Gilead announced an $11B investment into new US manufacturing. Kraft is investing an additional $3 billion into new American manufacturing facilities. Carrier is investing $1 billion into a new factory, creating 4K jobs. The Dow is up roughly 3800 over last year. Not great, but not a disaster, either. It’s not all doom and gloom…

                The Brad

                1 Reply Last reply
                • 89th8 Offline
                  89th8 Offline
                  89th
                  wrote last edited by
                  #969

                  Too lazy to check, but:

                  1. How do those investments compare to normal corporate manufacturing expenditures?
                  2. How often are these announced investments actually realized?
                  3. The DOW is up 8% since this time last year, but down 4% since Trump took over (was down 15% but has bounced back after a few TACO Tuesdays)
                  1 Reply Last reply
                  • LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote last edited by
                    #970

                    You fail to catch the point.

                    The Brad

                    1 Reply Last reply
                    • 89th8 Offline
                      89th8 Offline
                      89th
                      wrote last edited by
                      #971

                      Probably, I only read your last post and commented.

                      1 Reply Last reply
                      • HoraceH Offline
                        HoraceH Offline
                        Horace
                        wrote last edited by
                        #972

                        Mission accomplished. We can stop the tariffs now.

                        image.png

                        Education is extremely important.

                        Doctor PhibesD 1 Reply Last reply
                        • HoraceH Horace

                          Mission accomplished. We can stop the tariffs now.

                          image.png

                          Doctor PhibesD Online
                          Doctor PhibesD Online
                          Doctor Phibes
                          wrote last edited by
                          #973

                          @Horace said in Trumpenomics:

                          Mission accomplished. We can stop the tariffs now.

                          And that's just Tesla's.

                          I was only joking

                          1 Reply Last reply
                          • LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote last edited by
                            #974

                            Actually, I think it’s okay to buy Teslas again…

                            The Brad

                            1 Reply Last reply
                            • 89th8 Offline
                              89th8 Offline
                              89th
                              wrote last edited by
                              #975

                              Trade deficit cut in half. What’s cut in half you might ask? The spike in trade deficit that was the result of companies racing to import before liberation day. Another headline could’ve said, trade deficit returns to what the average was during the Biden administration.

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