Trump 47 Economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:The U.S. added 139,000 jobs in May, the Labor Department reported Friday, above the gain of 125,000 jobs economists polled by The Wall Street Journal had expected to see.

Plus the April jobs number was revised down from 177,000 to 147,000.

March was even worse, revised down 65k. So 139k jobs gained but 95k of downward revision. So 44k net.

Look where the jobs are as well, almost all gains were in healthcare and leisure. The more productive sectors (manufacturing, business and professional services, construction, finance) were flat.

[Anonymous]

Anonymous wrote:I know most DCUM players don’t care and this is after all anecdotal information, but my sister operates a small business cleaning service. She provides jobs to 15-20 people who are typically underemployed or unemployed. She has been beyond herself because she has to terminate a third of the because of cancellation of contracts. She provides cleaning to commercial establishments that are cutting back. It trickles down

I definitely care and understand how these types of service jobs are the first ones to be cut when people need to pinch pennies. It absolutely trickles down and it will get a whole lot worse as the economy weakens and tariffs kick in.

[Anonymous]

Remember when Trump wanted to stop testing for Covid so people wouldn’t know how many cases of Covid there were? This is that, but for inflation.

[Anonymous]

Anonymous wrote:Big downward revisions:

Change in payrolls for March revised down by 65,000, from +185,000 to +120,000

change for April revised down by 30,000, from +177,000 to +147,000.

With these revisions, employment in March and April combined is 95,000 lower than previously reported.

Only 44,000 net new jobs this month.

That....isn't good.

I remember when the MAGAs kept complaining about job numbers being revised down under Biden, but it seems when their Trump administration does it, they are fine with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big downward revisions:

Change in payrolls for March revised down by 65,000, from +185,000 to +120,000

change for April revised down by 30,000, from +177,000 to +147,000.

With these revisions, employment in March and April combined is 95,000 lower than previously reported.

Only 44,000 net new jobs this month.

That....isn't good.

I remember when the MAGAs kept complaining about job numbers being revised down under Biden, but it seems when their Trump administration does it, they are fine with it.

This, plus they never noticed when basically every jobs report throughout 2021 and 2022 was revised upwards.

[Anonymous]

I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

[Anonymous]

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Yes you bought the dip Trump caused, the S&P could be higher if he hadn't effed with it - it was already 6000 in December. What an idiotic post.

[Anonymous]

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Do you have any way to get in on some of the insane corruption happening in this administration right now? That is clearly where the big bucks are.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Do you have any way to get in on some of the insane corruption happening in this administration right now? That is clearly where the big bucks are.

Apparently it is to time the market right and "buy the dip" according to the PP. Nevermind everyone who had funds in the market prior to April who have not seen growth in 6 months other than from ongoing contributions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Do you have any way to get in on some of the insane corruption happening in this administration right now? That is clearly where the big bucks are.

Apparently it is to time the market right and "buy the dip" according to the PP. Nevermind everyone who had funds in the market prior to April who have not seen growth in 6 months other than from ongoing contributions.

The S&P averages 10% a year and was up 20% for each year in 2023 and 2024. Only someone who has absolutely no knowledge of economics would think it would go up by a lot this year. Markets don’t work like that. Best case scenario - with or without Trump - was 5-10% this year at best.

It is up 2.38% YTD as of right now. If it ends at 6,300 or 6,500 by the end of the year I’d be grateful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Yes you bought the dip Trump caused, the S&P could be higher if he hadn't effed with it - it was already 6000 in December. What an idiotic post.

I didn’t just buy the dip. I bought Broadcom, Nvidia and Palantir on a 7% line of credit from my brokerage account when it all went down in April. Backed the truck up. Sorry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Yes you bought the dip Trump caused, the S&P could be higher if he hadn't effed with it - it was already 6000 in December. What an idiotic post.

I didn’t just buy the dip. I bought Broadcom, Nvidia and Palantir on a 7% line of credit from my brokerage account when it all went down in April. Backed the truck up. Sorry.

In other words, yes, you bought the dip. We are well aware that people who could buy the dip would make money, we saw Trump egging on his cronies to do it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I put my entire brokerage account in bonds, cash, and gold on April 8 because everyone on here told me Trump was going to wreck the economy. The S&P crested 6,000 today. What should I do now?!!!

Yes you bought the dip Trump caused, the S&P could be higher if he hadn't effed with it - it was already 6000 in December. What an idiotic post.

I didn’t just buy the dip. I bought Broadcom, Nvidia and Palantir on a 7% line of credit from my brokerage account when it all went down in April. Backed the truck up. Sorry.

Maybe you shouldn't be managing your own investments.

[Anonymous]

https://www.wsj.com/economy/trump-tariffs-us-economy-business-investment-7d3c6476

Business owner John Starr “said he is hunkering down — no hiring, no more capital spending — until he has clarity on tariffs.

“How am I supposed to pay this?” said Starr. “That could wipe out profits for a year.”

[Anonymous]