So. On the cusp of a recession then. Well done MAGA! |
But a blanket 10% tariff rate is ridiculous. Why can’t it be strategic? It also gives way to price gouging, which Harris wanted to prevent. |
https://www.ft.com/content/a2a4ef7c-3971-471c-99e4-3d806cf6b0b1
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/a2a4ef7c-3971-471c-99e4-3d806cf6b0b1 US goods exports tumbled in May at their steepest rate since the coronavirus crisis in 2020, as trading partners cut back purchases of American goods in the wake of President Donald Trump’s “liberation day” tariff blitz. Exports tallied $179.2bn in May, a $9.7bn — or 5.2 per cent — drop from the previous month’s figure, according to Census Bureau data released on Thursday. That marked a reversal from an increase of 3.5 per cent in April. Trump couldn't damage the US more if he tried. |
Personal income dropped .4%, the first negativ read since COVID.
Also, the cost of good ticked up, the first inflationary read with tariff impact. |
Do you want to know why the rich are getting richer and the poor are getting poorer?
Good explanation.... The Economy--and its Future--in Four Charts June 27, 2025 Substituting debt for earnings while enriching the rich will bear bitter fruit. https://www.oftwominds.com/blogjun25/4-charts6-25.html |
It is only bitter until "they eat cake" |
The US dollar has suffered its worst first half of the year since 1973, as Donald Trump’s trade and economic policies prompt global investors to rethink their exposure to the world’s dominant currency
https://www.ft.com/content/59c07f63-3331-462b-b9e3-d1bcaea69fce |
401k at an all time high
Investments all up Salary is up Bonus will be up My economy seems just fine |
Trump's big beautiful bill is going to cause thousands to lose their jobs. I will actually get a tax cut. Great, but the extra $20k I get on top of my $1M salary is not worth 1000s of people being out of work. Sorry. |
Exactly. Unemployment is climbing in Virginia (and I am sure elsewhere). I can’t see anything the Trump admin is doing to help employment. Oh that’s right, Trump just doesn’t care. |
The stock market is not the economy. Thanks for this TED talk. |
And unemployment doesn’t apply to people with jobs. Inflation isn’t a problem when my salary and bonuses are up. If people chose the wrong career, failed to save a nest egg and took for granted that there wouldn’t be peaks and valleys that’s on them. |
Is that what you said 2021-2024? |
No because I did well then too. |
Then I take it you voted for Harris? |