Trump 47 Economy

[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.

facts suggest otherwise, take a look:

CHIPS Act and IRA were already doing what Trump purports to do with tariffs....

https://www.jackconness.com/ira-chips-investments

Inflation Reduction Act (IRA)
Total Projects: 181
Total Investment Dollars: $116 Billion
Total Jobs Created: 99,500

CHIPS
Total Projects: 37
Total Investment Dollars: $272 Billion
Total Jobs Created: 36,300

[Anonymous]

Anonymous wrote:

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 your loyal.

Ah, the song of the QAnon faithful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

[Anonymous]

Liberating Ohio from new jobs: Microsoft cancels $1 billion project to build three new data centers in Ohio—just five days after the Trump tariffs.

Licking County, Ohio will now lose roughly 1,000 jobs and $150 million per year in revenue for the local economy.

400–600 construction jobs and 540 permanent jobs were expected to be created at full operation of all three data centers.

[Anonymous]

Anonymous wrote:Trump keeps spooking the stock market by making stupid comments.

Whether he's trying to deflect attention away from his other problems or "trolling the libs" or whatever else, he's being extremely disruptive and it's not "just words" - it's words that are having serious consequences (like hundreds-of-billions-of-dollars swings) to industry and financial markets.

Whether his blatherings are deflecting attention or trolling or mindless stream-of-consciousness or whatever else, it's reckless, juvenile, destructive, and IT NEEDS TO STOP.

+1 And now he’s spooking the bond market.

[Anonymous]

[Anonymous]

Anonymous wrote:

This is extremely bad. Trump has completely f’d us

[Anonymous]

Congress needs to step up. Call your reps.

[Anonymous]

Trump is the modern-day Nero. It feels like this is the beginning of the end of the empire.

[Anonymous]

The US administration is encouraging the sell-off in US
Treasuries. The first order effect of current policy is of course the generation of a large negative supply-side shock that raises inflation and makes it harder for the Fed to cut rates. There is of course the bond basis trade that is being unwound. But there is something larger at play as well: a policy objective of reducing bilateral trade imbalances is functionally equivalent to lowering demand for US assets as well. This is not a theoretical consideration: the US has this week initiated trade negotiations with Japan and South Korea, with a specific reference to currency levels being a negotiating objective. It should not be overlooked that Japan is the largest official holder of US treasuries. An implicit negotiating objective of lowering USD valuations entails the possibility of the sale of US treasuries from the Japanese Ministry of finance. We argued two weeks ago that the whole Mar-A-Lago accord framework was flawed because it imposed fundamental inconsistencies in the desired economic objectives of the administration. We are now seeing those inconsister_Exposed in broad daylight

[Anonymous]

USD at all time low

[Anonymous]

Anonymous wrote: Trump is the modern-day Nero. It feels like this is the beginning of the end of the empire.

He is worse. Nero didn't push the roman empire into collapse like Trump is with the US.

[Anonymous]

Anonymous wrote:The US administration is encouraging the sell-off in US
Treasuries. The first order effect of current policy is of course the generation of a large negative supply-side shock that raises inflation and makes it harder for the Fed to cut rates. There is of course the bond basis trade that is being unwound. But there is something larger at play as well: a policy objective of reducing bilateral trade imbalances is functionally equivalent to lowering demand for US assets as well. This is not a theoretical consideration: the US has this week initiated trade negotiations with Japan and South Korea, with a specific reference to currency levels being a negotiating objective. It should not be overlooked that Japan is the largest official holder of US treasuries. An implicit negotiating objective of lowering USD valuations entails the possibility of the sale of US treasuries from the Japanese Ministry of finance. We argued two weeks ago that the whole Mar-A-Lago accord framework was flawed because it imposed fundamental inconsistencies in the desired economic objectives of the administration. We are now seeing those inconsister_Exposed in broad daylight

China is selling off for the same reason. Trump has totally screwed what made the US great for the last 80 years. This is a totally failed Administration and the GOP needs to cease it NOW, or else we are ALL going to suffer for quite some time.

[Anonymous]

JFC

[Anonymous]

Anonymous wrote:Congress needs to step up. Call your reps.

The GOP seems to think we all need to be patient. I don’t know that a stock market crash is going to move the needle for them. They are like deer in the headlights and completely out of their depth. The GOP has not governed for almost two decades and relied on being the party of “no”. This would be an excellent time for them to rely on that experience. But they are woefully incompetent.