How long till the economy collapses?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

None of their ideas are right. The part about saving money was just a way to sell looting the government to the American people.

Musk has earned nearly a billion dollars by getting US government contract awards.

Trump has no problem spending $200M on ads with Kristi saying he's doing a great job with deportations.

For a full month of work Musk has “saved” 4-9 billion. On the high side that is 432 billion over 4 years on a 6.7 trillion dollar budget.

And how much has he conned the government out of via his contracts?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

None of their ideas are right. The part about saving money was just a way to sell looting the government to the American people.

Musk has earned nearly a billion dollars by getting US government contract awards.

Trump has no problem spending $200M on ads with Kristi saying he's doing a great job with deportations.

For a full month of work Musk has “saved” 4-9 billion. On the high side that is 432 billion over 4 years on a 6.7 trillion dollar budget.

No he hasn't. His "wall of receipts" is full of lies and phony numbers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Target announced this morning that February sales were weak. That's not even counting tariffs and everything else. So all the other governmental headwinds are being added to what was already a softening situation.

https://www.cnbc.com/2025/03/04/target-tgt-q4-2024-earnings.html?&qsearchterm=target

I believe that. There was also a coordinated boycott of them after they dropped diversity and equity on January 24th or so.

I predict Target will go out business, just like the MAGA who are the undoing of themselves.

It's sad because I like Target, but I'm avoiding it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

I generally agree with you but am now 50/50 on this outcome, before I thought it was an 80% chance of delay/cancel. I think they are smoking their own supply now.

Tariffs are one of the few things Trump legitimately believes in. He's an idiot who has a childish bully's view of the world- trade deficits are bad to him because he thinks other countries are taking advantage of us. He literally doesn't understand that exporting less than you import isn't a problem. Anyway all that to say I think he's really going to follow through on this.

He announced it’s happening tomorrow (Tuesday).

Yes, but a number of times he has "announced it" and then backed away hours before actual implementation. So there is some reason/history to be skeptical.

Called it! Except they waited for 24 hours of implementation before backing down like the little babies they are. This will do wonders for business confidence!

https://www.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada/index.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

I generally agree with you but am now 50/50 on this outcome, before I thought it was an 80% chance of delay/cancel. I think they are smoking their own supply now.

Tariffs are one of the few things Trump legitimately believes in. He's an idiot who has a childish bully's view of the world- trade deficits are bad to him because he thinks other countries are taking advantage of us. He literally doesn't understand that exporting less than you import isn't a problem. Anyway all that to say I think he's really going to follow through on this.

He announced it’s happening tomorrow (Tuesday).

Yes, but a number of times he has "announced it" and then backed away hours before actual implementation. So there is some reason/history to be skeptical.

Called it! Except they waited for 24 hours of implementation before backing down like the little babies they are. This will do wonders for business confidence!

https://www.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada/index.html

Undoubtedly he will now claim he won. But we all know he got spooked by the stock market.

[Anonymous]

For a full month of work Musk has “saved” 4-9 billion. On the high side that is 432 billion over 4 years on a 6.7 trillion dollar budget.

The immediate downstream effects of the illegal terminations cost a lot, and then firing half of IRS workers will definitely deplete treasury income (allowing rich people to get away with tax fraud) so in the end I expect a higher deficit and significantly poorer economic viability and quality of life for majority of Americans. Musk will profit even if Tesla tanks.

[Anonymous]

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

You may be right.....

https://www.cnbc.com/2025/03/04/trump-tariff-compromise-canada-mexico-commerce-lutnick.html

As usual he is bluffing.....They will come up with another lame excuse so he can declare victory long before the tariffs are actually fully implemented across the supply chain.

[Anonymous]

All sizzle and no steak. They don't have the balls to be firm on their word games ideas with tariffs. Let them put 25% on Canada, Mexico, China, and EU and keep it up for a month or two. Do they dare? I don't think so. They may be incompetent but not stupid.

[Anonymous]

Anonymous wrote:All sizzle and no steak. They don't have the balls to be firm on their word games ideas with tariffs. Let them put 25% on Canada, Mexico, China, and EU and keep it up for a month or two. Do they dare? I don't think so. They may be incompetent but not stupid.

You forgot "weak"- that's what overcame the "stupid" this time.

[Anonymous]

Private companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 estimate, ADP reported.
https://www.cnbc.com/2025/03/05/adp-jobs-report-february-2025-.html?taid=67c8507bbd0f930001b81ac3&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

I generally agree with you but am now 50/50 on this outcome, before I thought it was an 80% chance of delay/cancel. I think they are smoking their own supply now.

Tariffs are one of the few things Trump legitimately believes in. He's an idiot who has a childish bully's view of the world- trade deficits are bad to him because he thinks other countries are taking advantage of us. He literally doesn't understand that exporting less than you import isn't a problem. Anyway all that to say I think he's really going to follow through on this.

He announced it’s happening tomorrow (Tuesday).

Yes, but a number of times he has "announced it" and then backed away hours before actual implementation. So there is some reason/history to be skeptical.

Called it! Except they waited for 24 hours of implementation before backing down like the little babies they are. This will do wonders for business confidence!

https://www.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada/index.html

Trump double downed last night. He is not taking counsel from Lutnick or Bessent. He is his own counsel.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

I generally agree with you but am now 50/50 on this outcome, before I thought it was an 80% chance of delay/cancel. I think they are smoking their own supply now.

Tariffs are one of the few things Trump legitimately believes in. He's an idiot who has a childish bully's view of the world- trade deficits are bad to him because he thinks other countries are taking advantage of us. He literally doesn't understand that exporting less than you import isn't a problem. Anyway all that to say I think he's really going to follow through on this.

He announced it’s happening tomorrow (Tuesday).

Yes, but a number of times he has "announced it" and then backed away hours before actual implementation. So there is some reason/history to be skeptical.

Called it! Except they waited for 24 hours of implementation before backing down like the little babies they are. This will do wonders for business confidence!

https://www.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada/index.html

Trump double downed last night. He is not taking counsel from Lutnick or Bessent. He is his own counsel.

Fair point. It's cool that markets can't take anything seriously from anyone in the government except a Truth Social post. But the up/down games will continue so that the insiders can make quick bucks on options, if nothing else.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Target announced this morning that February sales were weak. That's not even counting tariffs and everything else. So all the other governmental headwinds are being added to what was already a softening situation.

https://www.cnbc.com/2025/03/04/target-tgt-q4-2024-earnings.html?&qsearchterm=target

I believe that. There was also a coordinated boycott of them after they dropped diversity and equity on January 24th or so.

I predict Target will go out business, just like the MAGA who are the undoing of themselves.

It's sad because I like Target, but I'm avoiding it.

Why are you avoiding it? Just curious. I’m a Democrat and I understand the Amazon boycott, but unsure why some people are avoiding Target.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

I generally agree with you but am now 50/50 on this outcome, before I thought it was an 80% chance of delay/cancel. I think they are smoking their own supply now.

Tariffs are one of the few things Trump legitimately believes in. He's an idiot who has a childish bully's view of the world- trade deficits are bad to him because he thinks other countries are taking advantage of us. He literally doesn't understand that exporting less than you import isn't a problem. Anyway all that to say I think he's really going to follow through on this.

He announced it’s happening tomorrow (Tuesday).

Yes, but a number of times he has "announced it" and then backed away hours before actual implementation. So there is some reason/history to be skeptical.

Called it! Except they waited for 24 hours of implementation before backing down like the little babies they are. This will do wonders for business confidence!

https://www.cnn.com/2025/03/04/business/us-tariffs-trade-deal-mexico-canada/index.html

Trump double downed last night. He is not taking counsel from Lutnick or Bessent. He is his own counsel.

Fair point. It's cool that markets can't take anything seriously from anyone in the government except a Truth Social post. But the up/down games will continue so that the insiders can make quick bucks on options, if nothing else.

Ha ha they just said they will exempt car makers for a month. Making everyone feel like Michael Scott. Snip snap, snip snap, snip snap!

https://www.youtube.com/watch?v=2hshkdneE8o

[Anonymous]

Anonymous wrote:

Anonymous wrote:The tariffs won't go into effect. It's another bluff and continues desire to endlessly be in the news. Either shortly after midnight the tariffs are postponed yet again or at some point this week we get another attention seeking headline that Canada and Mexico compromised on "something" and the tariffs are on pause again for some time.

You may be right.....

https://www.cnbc.com/2025/03/04/trump-tariff-compromise-canada-mexico-commerce-lutnick.html

As usual he is bluffing.....They will come up with another lame excuse so he can declare victory long before the tariffs are actually fully implemented across the supply chain.

I called it yesterday. even an idiot like him must know that tariffs would kill the economy and his voting base. he was lucky last time he inherited a strong economy that weathered his tariff wars (and even last time, he ended up blinking first with China, even though he tried to spin it as a win). he has no idea what to do and how to negotiate so he resort to threat of tariffs only to pull them and claim victory. it was especially obvious in the case of Canada, there was simply no rational reason for tariffs, the current trade agreement was negotiated by him just a few years ago. the official reason was flow of fentanyl coming into the US from Canada, where there is no fentanyl coming from Canada.

anyway, just to see the type of long term damage done to the US by this type of idiot behavior https://www.theguardian.com/world/2025/mar/05/relationship-broken-canada-responds-donald-trump-tariff-threats