Trump 47 Economy

[Anonymous]

Anonymous wrote:I went to Trader Joe's and Costco today and both were packed with people buying cartloads of stuff.

Uh huh. We did our Costco and store run this morning, and bought extra toilet paper, dry goods and canned goods. Go on and keep deluding yourself about how everything's rosy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The May shipments from China are already enroute and show at least a 50% reduction in products. This will hit US selves on the west coast in about two week and Chicago by June.

The president won't be able to hide that.

45% of household appliances come from China. Lots of other things too. Supply will get scarce and prices will rise.

I buy high quality clothing from a small US based company with a focus on sustainability/ natural fibers/ classic styles. They manufacture about 2/3 in S.Korea and 1/3 in China. Placed a large order last week for wardrobe staples to get me through the next 2-3 years. I’m a loyal customer and hope they pull through. They have a smaller EU division and it looks like their plan is to reduced the US foot print and increase the EU one. They aren’t hiding the fact they are panicking. Good quality clothes with sustainable materials aren’t cheap. They can’t double the price and sell enough here to stay in business. And they can’t find a US based manufacturer that doesn’t double the price. And I’m seeing a lot of tariff notices coming out of other small US based businesses. Good small businesses are going to go under. And for what?

We can all buy sewing machines and learn to make our own clothes. Oh wait, those are made in China, too.

[Anonymous]

https://bsky.app/profile/carlquintanilla.bsky.social/post/3lnuyrs7zus2e

Worst Dallas Fed manufacturing survey since 2020:

New orders collapse.
Prices paid soars.

[Anonymous]

GALLUP: “.. Most U.S. adults, 89%, think the tariffs are likely to result in higher prices on the products they buy ..

“.. Americans have little appetite for long-term disruption to the U.S. economy before they see any economic benefits from the higher tariffs.”

https://news.gallup.com/poll/660002/americans-skeptical-benefits-tariffs.aspx

[Anonymous]

[Anonymous]

I am kind of curious as to why there are not briefings to state and local leaders, much less the public, as to what to expect and how to handle the coming supply chain disruptions.

[Anonymous]

Midwest agricultural states like Kansas and Nebraska will go bankrupt by the end of the year, along with most of their farmers, because they rely on undocumented labor. They voted for their own demise, and it’s only now becoming apparent.

[Anonymous]

The White House is plenty mad that Amazon is going to start showing the Trump Tariff tax in its billing.

[Anonymous]

Anonymous wrote:Midwest agricultural states like Kansas and Nebraska will go bankrupt by the end of the year, along with most of their farmers, because they rely on undocumented labor. They voted for their own demise, and it’s only now becoming apparent.

Midwest agriculture is mostly automated, or will be soon enough.

[Anonymous]

[Anonymous]

Anonymous wrote:

It’s ok, as long as the hyper-wealthy like Musk are making money hand over fist while they destroy the country, all is fine.

[Anonymous]

US Atlanta Fed GDPNow Q1: -2.7% (prev -2.4%)

https://www.atlantafed.org/cqer/research/gdpnow.aspx

[Anonymous]

UPS to eliminate 20k jobs

https://www.cbsnews.com/news/ups-job-cuts-layoffs-amazon-shipments-stock-price/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Midwest agricultural states like Kansas and Nebraska will go bankrupt by the end of the year, along with most of their farmers, because they rely on undocumented labor. They voted for their own demise, and it’s only now becoming apparent.

Midwest agriculture is mostly automated, or will be soon enough.

None of this matters without a market. Trump has effectively destroyed ag international markets. Game over.

[Anonymous]

I guess the administration is pining for a feudal system or "company towns"

https://bsky.app/profile/atrupar.com/post/3lnxttdeyz62y

Lutnick: "It's time to train people not to do the jobs of the past, but to do the great jobs of the future. This is the new model where you work in these kinds of plants for the rest of your life and your kids work here and your grandkids work here. We let the auto plants go overseas."