Trump 47 Economy

[Anonymous]

BLS published the revised release schedule:

https://www.bls.gov/bls/2025-lapse-revised-release-dates.htm

[Anonymous]

Perhaps he will hold a press conference himself every day on the economy like he did with Covid.

[Anonymous]

Anonymous wrote:Dow keeps on arollin’

[Anonymous]

60% of Americans blame Trump for rising utility bills.

A majority of Americans - 6 in 10 - say they are spending more on utilities than they were a year ago, and they blame President Donald Trump for the rising prices, according to a Washington Post-ABC News-Ipsos poll conducted in late October.

https://www.yahoo.com/news/articles/more-americans-getting-power-shut-155340620.html

[Anonymous]

Even Fox News is reporting on how they blame Trump for the economy.

— Some 76% of voters view the economy negatively. That’s worse than the 67% who felt that way in July and the 70% who said the same at the end of former President Biden’s term.

— Large numbers, overall and among Republicans, say their costs for groceries, utilities, healthcare and housing have gone up this year.

— Voters blame the president. About twice as many say President Donald Trump, rather than Biden, is responsible for the current economy. And three times as many say Trump’s economic policies have hurt them (they said the same about Biden’s last year). Plus, approval of how Trump is handling the economy hit a new low, and disapproval of his overall job performance hit record highs among core supporters.

— After the government shutdown, the GOP and the Democratic Party have lower favorable ratings, and roughly 6 in 10 say the president and lawmakers on both sides don’t care about people like them.

— Voters think Republicans have a better plan for border security, immigration and crime, while Democrats are seen as better on affordability, wages, healthcare and climate.

https://www.foxnews.com/politics/fox-news-poll-voters-say-white-house-doing-more-harm-than-good-economy

[Anonymous]

Anonymous wrote:Perhaps he will hold a press conference himself every day on the economy like he did with Covid.

Hint: it’s not the messaging. It’s the crappy economy.

[Anonymous]

the problem is, they have a framework for a new tax code that the tariffs were supposed to back fill the treasury with the gap. But that isn't happening and now the tariffs are in jeopardy, which means restoring the tax code as it was or something else, but who knows, because at the moment, we are losing GDP, inflation is increasing and the debt is getting even bigger.

[Anonymous]

Anonymous wrote:the problem is, they have a framework for a new tax code that the tariffs were supposed to back fill the treasury with the gap. But that isn't happening and now the tariffs are in jeopardy, which means restoring the tax code as it was or something else, but who knows, because at the moment, we are losing GDP, inflation is increasing and the debt is getting even bigger.

The Trump administration has added $3 trillion to the debt in eleven months.

[Anonymous]

So. Much. Winning.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:Dow keeps on arollin’

Yes, there's a bubble, and yes, *some* of the AI companies are mostly hype and hot air and some are grossly overvalued with sketchy PE ratios, but others like Nvidia and Google are solid companies with solid fundamentals and a good PE ratio. Meanwhile, there's also a ton of bogus fearmongering and disinformation out there right now, like Michael Burry making bogus claims about "fraud" and demanding audits, other idiots comparing Nvidia to Enron which is absolutely deranged, mainly because they are TRYING to make the AI market crash so that they can short it and make a profit. If Trump's people are actually worried about a recession then they'd better step up and rein in on the disinfo and attempts to short the market, and do it SOON. And, there's nothing inherently wrong with circular investing in and of itself. People like Burry need to chill the f out and stop forcing things that will sort themselves naturally.

[Anonymous]

ADP 4 week average employment change (week-ending Nov 1):

-13.5k vs -2.5k/wk previous

[Anonymous]

ADP preliminary weekly numbers are in at a negative 13,500 job loss. This is doesn't look good for the economy. This is not what we are used to seeing at this time of the year. There's less holiday hiring. We are losing jobs, and no hiring momentum.

[Anonymous]

Anonymous wrote:

Yes, they want ALL Americans to further subsidize big business as they wipe out jobs and benefits for their rate payers.

[Anonymous]

Core PPI YoY at 2.9% (2.7% consensus)

zoinks