Trump 47 Economy

[Anonymous]

Anonymous wrote:China is switching from American to Canadian oil. Chinese purchases of American oil are down **90%** year on year.

Purchases of oil from Canada are up +700%.

That equates to a $20 BILLION annual loss for the United States, at current oil prices.

Does anyone reading this think china will change back to US oil anytime soon?

China already halted their imports of US LNG in January. They largely switched to buying soybeans from Brazil instead of the US during Trump tariffs round 1 in his first term and never switched back. Now they are canceling what little remained. US soybean farmers are going to be bailed out by Trump again. His theory about tariffs has many many flaws, and one of the glaring ones is that countries don't have ever buy from you again, especially when you provide commodities that can be bought elsewhere very easily.

[Anonymous]

It is just ponderous that the business leaders in this country are standing around watching this happen.

[Anonymous]

Anonymous wrote:It is just ponderous that the business leaders in this country are standing around watching this happen.

And if they had taken him seriously a year ago they would have known it would happen, and they said nothing.

[Anonymous]

Trump is throwing a tantrum because the European central Bank is set to reduce interest rates, leaving the "cost of money" to be more advantageous there than in the US.

Of course, conditions on the ground in Europe are very different. Their economy is not in a tailspin, their trade is not coming to a halt, their travel and tourism is not withering, etc.

Just the USA is failing.

[Anonymous]

I should add, if the SCOTUS rules that Trump can remove Powell, our economy will fall off a cliff even steeper than the one we are on.

[Anonymous]

Anonymous wrote:Trump is throwing a tantrum because the European central Bank is set to reduce interest rates, leaving the "cost of money" to be more advantageous there than in the US.

Of course, conditions on the ground in Europe are very different. Their economy is not in a tailspin, their trade is not coming to a halt, their travel and tourism is not withering, etc.

Just the USA is failing.

Just look at Bund yields v. US Treasuries and it shows the world now belives that the Bund is far more stable and secure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trump is throwing a tantrum because the European central Bank is set to reduce interest rates, leaving the "cost of money" to be more advantageous there than in the US.

Of course, conditions on the ground in Europe are very different. Their economy is not in a tailspin, their trade is not coming to a halt, their travel and tourism is not withering, etc.

Just the USA is failing.

Just look at Bund yields v. US Treasuries and it shows the world now belives that the Bund is far more stable and secure.

Because the Bund is more stable. Bet gilts are also becoming a safe haven. Trump is so stupid stupid stupid. As is his cabinet. As is the GOP in Congress. Difficult to watch.

[Anonymous]

With no external shock or force, the US economy has gone from a robust growth stance to relative bearish territory.

The US dollar is, in fact, now in bear market.

[Anonymous]

Anonymous wrote:With no external shock or force, the US economy has gone from a robust growth stance to relative bearish territory.

The US dollar is, in fact, now in bear market.

Trump is destroying our economy. No one else to blame but him and his advisors/cronies. No covid or other crisis to blame it on. Trump is an economic crisis of his own making. Stupid, stupid, arrogant man.

[Anonymous]

All of my past year retirement savings earnings wiped out in 3 months thanks to Trump.

Ans all the MAGAs I know are just reciting talking points about restoring the American economy with tariffs, while the American economy is destroyed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It is just ponderous that the business leaders in this country are standing around watching this happen.

And if they had taken him seriously a year ago they would have known it would happen, and they said nothing.

Americans elected a President who is going to set up our economy so he and his family can profit. The stock market was crashing and he went golfing with the Saudis. Who can take this administration seriously? Who can take MAGA seriously? This administration is all about grift! It’s disgusting. Trump and Musk have huge conflicts of interests. Total joke.

[Anonymous]

Anonymous wrote:

Anonymous wrote:With no external shock or force, the US economy has gone from a robust growth stance to relative bearish territory.

The US dollar is, in fact, now in bear market.

Trump is destroying our economy. No one else to blame but him and his advisors/cronies. No covid or other crisis to blame it on. Trump is an economic crisis of his own making. Stupid, stupid, arrogant man.

Actually, there are economists blaming this on "the size of government," aka democratic policies of the past decade+. Their theory is that government spending has increased at a much faster rate than the economy (measured by GDP), and they have no choice but to take this current pain to correct the real problem. All that to say, Trump and his supporters will never admit this is their fault.

[Anonymous]

From the envy of the world to the laughingstock in 3 short months. Wow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With no external shock or force, the US economy has gone from a robust growth stance to relative bearish territory.

The US dollar is, in fact, now in bear market.

Trump is destroying our economy. No one else to blame but him and his advisors/cronies. No covid or other crisis to blame it on. Trump is an economic crisis of his own making. Stupid, stupid, arrogant man.

Actually, there are economists blaming this on "the size of government," aka democratic policies of the past decade+. Their theory is that government spending has increased at a much faster rate than the economy (measured by GDP), and they have no choice but to take this current pain to correct the real problem. All that to say, Trump and his supporters will never admit this is their fault.

How does the "size of government" theory justify worldwide tariffs and alienating every major trading partner?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With no external shock or force, the US economy has gone from a robust growth stance to relative bearish territory.

The US dollar is, in fact, now in bear market.

Trump is destroying our economy. No one else to blame but him and his advisors/cronies. No covid or other crisis to blame it on. Trump is an economic crisis of his own making. Stupid, stupid, arrogant man.

Actually, there are economists blaming this on "the size of government," aka democratic policies of the past decade+. Their theory is that government spending has increased at a much faster rate than the economy (measured by GDP), and they have no choice but to take this current pain to correct the real problem. All that to say, Trump and his supporters will never admit this is their fault.

Did they get their degrees at Trump University? What a crock.