Forget the political affiliation, just tell me WTF is going on? Do we still have tariffs on China? Are some sectors exempt? What exactly are we doing here?
The world’s largest economy is operating on the whims of a mentally unstable person? And, this country is okay with this? |
This is absurd. No one can plan like this. Is Trump trying a repeat of last week? No exemptions on Monday, crash the market, and then let his friends and family know moments before he reverses himself again? |
This whole thing has been about as well-planned as a wet fart.
And forget about the fantasy of manufacturing coming back. No one is going to lay out that kind of capital while a man with the impulse control of a toddler jacked up on Red Bull is in the White House. |
US manufacturers can not get people to take their jobs now. No one wants to work in a factory in the US. |
That doesn't even matter. No one is going to expend capital with this level of uncertainty. Everything is dependent on the mood of a single person which changes by the minute. This is one of the reasons why autocracies have lower growth. |
Former Treasury Secretary and Goldman head honcho Hank Paulson wrote a book on China, he has 30 years of experience with China and has visited China over 100 times. Below was his understanding of Xi Jingping:
Xi Jingping is a person with enormous emotional stability who does not allow his personal misfortunes or sufferings to affect his judgment. I am sure Xi is thinking that he is dealing with a 2 year old toddler throwing tantrums, this is not going to end well for us. The reason we rely on “experts” is because they have the cultural, economic and political understanding of different countries, their history and their players. How dumb is it to venture into a trade war with just bluster?? Here we have JD calling all Chinese peasants, what the f*ck are we even doing? |
Why did Nancy Pelosi sound exactly like Trump?
If Trump does it = bad. If Pelosi says and demands the same stuff = good. |
Yes, true, Pelosi’s view on trade with China from 30 years ago is completely the same as Trump’s destroying the economy today. |
How can Trump possibly win a standoff with China? He's a lame duck, and China can just wait him out. Aside, he changes his mind every other day so why wouldn't they just wait for him to climb down first? And the pressure is really going to ramp up on him the longer this goes on, the pain starts settling in, and we get closer to the 2026 elections. At this point, the only real question is what lies he is going to tell when he backs down first. |
So basically you agree that Pelosi was like General Patton, both clairvoyant about their future nemesis. Patton warned the country about Russia and was ignored. He was right. Pelosi warned the country about China thirty odd years ago before China became the behemoth it is now, and she was ignored. Trump is not dealing with the same China that was then. The terrain has changed and it is willful ignorance to compare. |
WSJ reports that economists are saying that the risk of recession has risen under Trump. So much winning!!!!!!!!!
Recession Risk Has Leapt Under Trump, Economists Say Since President Trump took office, economists have slashed estimates for growth while raising them for inflation and unemployment. The main reason is tariffs, according to respondents in our quarterly survey of economists. --The probability of a recession in the next 12 months stands at around 45%, according to economists questioned between April 4 and April 8. That's up from 22% in January. --Economists expect US gross domestic product after inflation to expand just 0.8% in the fourth quarter from a year earlier. That is down from a forecast of 2% in January. https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-14-25/card/pWpiGeXY9KGhDyGfRxj2?mod=djemCapitalJournalDaybreak |