Trump 47 Economy

[Anonymous]

Anonymous wrote:

Jamie Dimon is one of Trump's biggest enablers. The JPM stock is off 20%+ from its highs.

[Anonymous]

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Anonymous wrote:What’s Trump’s endgame here?

He wants to crash the economy.

Please don’t call me dumb but I don’t understand what he is saying. When we were great is some sort of code language? Like when we were a White country? Or when we had manufacturing here in the USA?

When we supposedly didn't engage with the rest of the world, and -- yes -- the only people who had any power or say in anything were white straight Christian men.

Post WW2 was when the US was at peak engagement after the war and the Berlin airlift etc.

[Anonymous]

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Anonymous wrote:But on the bright side - the financial collapse isn’t stopping Trump from leaving to play golf.

40 percent of Biden’s time in office was vacation. Trump’s focus on middle class is refreshing. Finally manufacturing coming back to USA. He is also tackling the hard things that no other politician from either party was willing to do. Everyone should have a look at how unfair our trade arrangements have been. He is also cutting so much waste and getting rid of fraud. I look at temp stock drops as the price to pay short term for getting country on better path.

Except that manufacturing is not returning to the US. This was all a waste.

the CHIPS act actually got the ball rolling but Trump killed it and is trying to replace the concept with tariffs, which never works.

I think Trump is absolutely awful, I would never ever vote for him, but please don’t pretend the CHIPS act was actually doing anything. It was a disaster.

Of course, even a disaster was better than these tariffs.

[Anonymous]

Even this guy sees what is going on.

[Anonymous]

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Anonymous wrote:

Anonymous wrote:Job report shows only a 4K loss of federal jobs. The real estimate is about -275k federal jobs so far. Those haven’t hit the report yet but they will eventually.

I don’t get the obsession with manufacturing jobs. Most people do not strive to work in factories, they are generally not considered desirable jobs. Also, new factories are mostly automated with minimal staffing. We actually manufacture more than ever, it just takes a lot less people.

Thisis part of the Dem problem. You simply couldn't be more wrong. These jobs are highly sought after outside of urban areas. People in Michigan, Ohio, Indiana, Pennsylvania do seek out factory jobs. Getting a job on an auto assembly line is like winning the lottery.

Weird because I remember both Hillary Clinton and Joe Biden not only promising to bring well-paying green energy jobs to rural Appalachia but also promising to pay them to retrain and rural voters said "nah, we'd rather sit around and collect government assistance (never "welfare" of course, because they're white!) waiting for a con man to bring our coal jobs back."

How'd that work out for Appalachia, by the way?

it's working great. they dont have stock investments so they dont care. they are watching Fox and Newsmax and Joe Rogan and have no idea the markets are tanking and the economy is going down the drain, plus theirs has been down the drain for a while already. they see Trump removing visas to South Sudanese, Muslims of all colors, deporting Hispanic men in chains (all blood thirsty rapists obviously, and dog eating Haitians will be next) and are satisfied. when their SS checks stop coming and Medicaid is cut, they will buy Trump's lies that the Dems and the deep state are responsible, and Michelle Obama (who we all know is actually a man) Hunter and Hillary and we need to double down in supporting Trump against them. as JD Vance eloquently said, if you are Appalachian and poor is your fault, all you had to do was applying to Yale.

[Anonymous]

Anonymous wrote:Even this guy sees what is going on.

The most moronic administration in US history. I wonder what new clown show they have in store for us next week? Almost three months down, 45 to go...

[Anonymous]

[Anonymous]

[Anonymous]

Tomorrow is going to make Friday look good.
https://x.com/angry_staffer/status/1909034841070330242?s=46&t=kf1qYlCXQnKgUhJWEIu2vg

[Anonymous]

[Anonymous]

Anonymous wrote:

The only silver lining is that it might be a rip the bandaid off moment and knock some sense into Trump’s band of sycophants.

Maybe they can just tell him that his tariffs have already reduced our trade deficits globally, with the exception of the penguins in Antarctica. Leave those on until they play ball. But everyone else caved.

[Anonymous]

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Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

With all due respect, a 10% two day drop is not anywhere close to normal. Something like this has only happened a handful of times in history.

Last time in 2008

I worked as a quant for couple of years and most trading today is automated. In fact we had situations with traders calling and yelling at us because the programs were telling to do something that clearly wasn't the optimal choice. The wild volatility we see today is the result of automated trading. So these programs analyze thousands of moves and reacts to the smallest action that will yield the smallest possible profit. I am afraid this is the future. Get ready for more volatility. The human part of trading is gone and it's long been gone.

+1000 People that aren't in the business don't recognize that this is a huge problem. Watch this in the next week or so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:But on the bright side - the financial collapse isn’t stopping Trump from leaving to play golf.

40 percent of Biden’s time in office was vacation. Trump’s focus on middle class is refreshing. Finally manufacturing coming back to USA. He is also tackling the hard things that no other politician from either party was willing to do. Everyone should have a look at how unfair our trade arrangements have been. He is also cutting so much waste and getting rid of fraud. I look at temp stock drops as the price to pay short term for getting country on better path.

Except that manufacturing is not returning to the US. This was all a waste.

the CHIPS act actually got the ball rolling but Trump killed it and is trying to replace the concept with tariffs, which never works.

I think Trump is absolutely awful, I would never ever vote for him, but please don’t pretend the CHIPS act was actually doing anything. It was a disaster.

Of course, even a disaster was better than these tariffs.

It had already spurred hundreds of billions in investment in the first 18 months. How is that a disaster? There was a whole thread in this forum about it that died out because the premise it was a disaster proved to be false.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

The only silver lining is that it might be a rip the bandaid off moment and knock some sense into Trump’s band of sycophants.

Maybe they can just tell him that his tariffs have already reduced our trade deficits globally, with the exception of the penguins in Antarctica. Leave those on until they play ball. But everyone else caved.

My MIL told me yesterday that some of her Trump-loving friends and relatives keep saying to wait a few months and trust the plan.

She (and I) do not trust the plan. I can't believe this mofo took the best economy in the world and tossed it into the shredder because no one will say no to him - and the people who do get fired (or r**ed).

Well, MAGA - the guardrails are off now. Enjoy what you voted for. May it be every bit as glorious as we warned it would be. Don't get your vaccines, either. Dying of a preventable disease is how you show you're loyal.