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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote last edited by
    #965

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

    1 Reply Last reply
    • HoraceH Online
      HoraceH Online
      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

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          • 89th8 Online
            89th8 Online
            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 Online
                89th8 Online
                89th
                wrote last edited by
                #971

                Probably, I only read your last post and commented.

                1 Reply Last reply
                • HoraceH Online
                  HoraceH Online
                  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 Offline
                    Doctor PhibesD Offline
                    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 Online
                        89th8 Online
                        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.

                        1 Reply Last reply
                        • LuFins DadL Offline
                          LuFins DadL Offline
                          LuFins Dad
                          wrote last edited by
                          #976

                          .1% CPI increase as opposed to the predicted .3%. Stock Futures jump, and Bond Rate drops…

                          The Brad

                          1 Reply Last reply
                          • 89th8 Online
                            89th8 Online
                            89th
                            wrote last edited by
                            #977

                            I presume we can trust the data but at this point who knows what is being manipulated for the Dear Leader.

                            1 Reply Last reply
                            • 89th8 Online
                              89th8 Online
                              89th
                              wrote last edited by
                              #978

                              Hey! The S&P has finally returned to what it was on Inauguration Day, woohoo!

                              1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote last edited by
                                #979

                                Nice!

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

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