How long till the economy collapses?

[Anonymous]

Anonymous wrote:Yesterday dumbass said the big three automakers were delighted with the tariffs, and now they’re saying the tariffs are being delayed due to concerns from the automakers. So which is it? It seems to me like he is losing credibility which in turn hurts his negotiating position.

You can fix stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yesterday dumbass said the big three automakers were delighted with the tariffs, and now they’re saying the tariffs are being delayed due to concerns from the automakers. So which is it? It seems to me like he is losing credibility which in turn hurts his negotiating position.

You cannot fix stupid.

[Anonymous]

Anonymous wrote:My fear is if a crooked political appointee starts putting pressure on the economists and national accounts to revise their methodology for serval key economic indicators so they can mask the true health of the economy. The WSJ isn't going to stop them.

Honestly this should be our biggest fear. Imagine if the US economy operates on even 1 year of biased economic data. It will be an economic calamity once it is found out. Greece can cook their book as they did and it won't affect anyone. The US different story .

How can we be convinced that the data we will be getting from the BLS, commerce etc followed sound statistical procedures?

They’re already doing that - they want to measure GDP without government spending.

It won't help, because people will feel the effects regardless of the stats, just like every Republican thinks we were in a recession for all of Biden’s term amid great GDP numbers and historically low unemployment.

[Anonymous]

With the current level of flip-flopping, it is too soon to tell. Let's circle back tomorrow after the unemployment numbers. Early April will be even better - we will know Q1 GDP, April 2 tariffs, another unemployment number, housing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yesterday dumbass said the big three automakers were delighted with the tariffs, and now they’re saying the tariffs are being delayed due to concerns from the automakers. So which is it? It seems to me like he is losing credibility which in turn hurts his negotiating position.

You can fix stupid.

By whom?

I'd love to know

All court cases can end at SCOTUS (Thanks Jacky boy, you did me a solid and I won't forget you)

Congress Rs (well you know them)

Riots in the street?

I LOVE how you losers have no recourse but to sit on the sidelines crying and name calling.

“Dumbass!”
“Stupid!”

Good luck with that. We’re over here permanently remaking the entire federal government while you guys tire yourselves out and get ready for nap time!

None of this is permanent. Sorry Charlie. You are causing temporary mayhem. But not permanent.

That’s true. Trump is doing as much damage as quickly as he can before it’s halted. It will be halted one way or another.

[Anonymous]

Mango took a working economy and literally torched it.
https://www.economist.com/weeklyedition/2025-03-08

[Anonymous]

Anonymous wrote:Cut back like Clinton did. He involved Congress. He did it slowly and methodically. Through voluntary separations, early retirement, real buyouts. He used the system. He kept civil servant protections in place. But he was able to reduce the number of jobs by over 350,000 over 8 years.

Conduct systematic reviews using subject matter experts. If indirect costs to research universities is oversized, scale back over three years. Not just full stop. Don't blow stuff up to rebuild later.

You know, the rule of law.

Nah, Musk would rather fire the Ebola researchers and then stand in a cabinet and literally say "oops, we're not perfect". Google it

[Anonymous]

Not even hiding the fact that they don't care about consumer prices anymore (i.e. inflation)

"“Access to cheap goods is not the essence of the American dream,” Bessent said during a speech to the Economic Club of New York. “The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this.”"

https://www.cnbc.com/2025/03/06/treasury-secr...-to-cheap-goods.html

[Anonymous]

Anonymous wrote:Not even hiding the fact that they don't care about consumer prices anymore (i.e. inflation)

"“Access to cheap goods is not the essence of the American dream,” Bessent said during a speech to the Economic Club of New York. “The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this.”"

https://www.cnbc.com/2025/03/06/treasury-secr...-to-cheap-goods.html

But but but my egg prices.

[Anonymous]

Anonymous wrote:The thing about an economy collapsing ... it rarely happens overnight. It's more like a slow sinking for a long time until one day, everyone realizes that it has collapsed - and then the stock market collapses too.

The automobile tariffs were going to shut down US production in a matter of a few weeks. I know someone in the industry. He is playing with fire.

"A third of vehicle production in North America could be cut by next week as a result of President Donald Trump’s 25% tariffs on Mexico and Canada."


https://www.cnbc.com/2025/03/04/trump-tariffs-north-american-auto-production.html

[Anonymous]

It’s already happening. Every business I deal with across the country is reducing spending and employees. They are very pessimistic about the future. A few will expanding but have put plans on hold for a year or two. It is scary.

[Anonymous]

Anonymous wrote:It’s already happening. Every business I deal with across the country is reducing spending and employees. They are very pessimistic about the future. A few will expanding but have put plans on hold for a year or two. It is scary.

This is terrifying. The economy, and people, are frozen. Like the credit crunch of 2008 but for a totally different cause. And with no solution.

[Anonymous]

Anonymous wrote:It’s already happening. Every business I deal with across the country is reducing spending and employees. They are very pessimistic about the future. A few will expanding but have put plans on hold for a year or two. It is scary.

Yup


https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades

"Car owners are missing their monthly payments at the highest rate in more than 30 years...."

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s already happening. Every business I deal with across the country is reducing spending and employees. They are very pessimistic about the future. A few will expanding but have put plans on hold for a year or two. It is scary.

Yup


https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades

"Car owners are missing their monthly payments at the highest rate in more than 30 years...."

Trump stopped those $80k Dodge Rams from increasing to $100k but now they will just get repo'd. MAGA!

[Anonymous]

https://foreignpolicy.com/2025/03/06/trump-inflation-economic-growth-unemployment

"There are few signs of optimism among the traditional economic indicators, from capital markets to consumer confidence. Trump has, as promised, brought an economic revolution to the United States—just not in a good way."