Capitalism, The Fed and Economic Policy

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  • nicknyr15nicknyr15 Posts: 9,029
    mrussel1 said:
    As Mr. Trump wrote, “Don’t be a PANICAN!”
    He totally burned us with that one.  
    There’s a presidential way of communicating what he means by that. A calm , reassuring tone to trust the process and hold strong would go a long way, even if it is bullshit.  But of course we get Panican in all caps. 
  • VitalogensiaVitalogensia Posts: 2,126
    Seems panican might be used against maga, at least one can hope. 
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  • tempo_n_groovetempo_n_groove Posts: 40,878
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
  • mrussel1mrussel1 Posts: 30,568
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
    Bear is 20% down from high.  I'm pretty sure we hit that yesterday before the rebound.  
  • tbergstbergs Posts: 10,249
    mrussel1 said:
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
    Bear is 20% down from high.  I'm pretty sure we hit that yesterday before the rebound.  
    I think we were about 1% away. I feel bad for anyone that bought yesterday thinking things were going to be stable. On pace to almost lose all those gains. Such a horrible situation for the economy whether or not you're a stock holder or not. Businesses have no way to plan or forecast anything beyond each day because we have an ego maniac flip flopping constantly. 
    It's a hopeless situation...
  • Halifax2TheMaxHalifax2TheMax Posts: 40,878
    tbergs said:
    mrussel1 said:
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
    Bear is 20% down from high.  I'm pretty sure we hit that yesterday before the rebound.  
    I think we were about 1% away. I feel bad for anyone that bought yesterday thinking things were going to be stable. On pace to almost lose all those gains. Such a horrible situation for the economy whether or not you're a stock holder or not. Businesses have no way to plan or forecast anything beyond each day because we have an ego maniac flip flopping constantly. 
    No sympathy from me. Elections have consequences.
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  • Halifax2TheMaxHalifax2TheMax Posts: 40,878
    Question is, can ‘Murica survive 1,381 more days of this?
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  • tbergstbergs Posts: 10,249
    Question is, can ‘Murica survive 1,381 more days of this?
    Yes, I think he's going to be bored of all of this by summer. He just likes attention and isn't interested in being a president who doesn't get to act like a king. Half of these things will totally fail and the other half will be carried out haphazardly for the next several months. No matter what, he'll claim success and then disappear to golf and enrich himself with his pals in the middle east. We'll have to endure horrible responses to national disasters, both natural and human alike, and the continued push for looser regulations and broader executive power, but ultimately he's just going to pretend anything he didn't actually accomplish wasn't because of him and his cronies will be right there to back him up.
    It's a hopeless situation...
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,416
    This is why I'm seeing a lot of smart economists not moving off of their forecasts for a recession this year, because the toothpaste is already out of the tube in multiple ways.
  • Halifax2TheMaxHalifax2TheMax Posts: 40,878
    Has anyone checked the value of Jared Dear Boy’s Saudi wealth fund of late? No curiosity? At all? Okay then, how about an update on Hunter’s laptop?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Halifax2TheMaxHalifax2TheMax Posts: 40,878
    Price of a dozen eggs rose to $6.23 on average in March. “Day 1.” Suckers.
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  • josevolutionjosevolution Posts: 30,869
    What happens when he refuses to step down? We can survive the 1381 days till we have to endure another term! He has no plans on walking away he has already telegraphed his intentions 
    jesus greets me looks just like me ....
  • tempo_n_groovetempo_n_groove Posts: 40,878
    Price of a dozen eggs rose to $6.23 on average in March. “Day 1.” Suckers.
    You should check that again.  They've plummeted since then so it's a month behind now. We've had a whole month of prices dropping yet reporters are still talking about this?

    Check this chart.

    Not calling you out because that is what I have read too but when you look up the data its really lowered. I guess the news really is about doom and gloom.
    https://tradingeconomics.com/commodity/eggs-us

    Heres another that states the egg prices are 3.26 now.
    https://www.axios.com/2025/04/11/egg-prices-record-high-march-easter-trump
  • nicknyr15nicknyr15 Posts: 9,029
    More market manipulation. Hope everyone here made 2.5 billion or 900 million like trumps pals! It’s so obvious at this point. 
  • tbergstbergs Posts: 10,249
    nicknyr15 said:
    More market manipulation. Hope everyone here made 2.5 billion or 900 million like trumps pals! It’s so obvious at this point. 
    I thought the same thing this morning. Such blatant bullshit at this point. It's all just a game. 
    It's a hopeless situation...
  • DE4173DE4173 Posts: 2,351
    Yeah, wtf... 😒 

    Quick question:

    So it's either stock market is tanking under Trump (way to go/lol) or it does well and it's all about manipulation?

    I guess if it fell/rose incrementally, it would be less obvious and receive less criticism.

    Maybe I answered my own question 🤭
    1993: 11/22 Little Rock
    1996; 9/28 New York
    1997: 11/14 Oakland, 11/15 Oakland
    1998: 7/5 Dallas, 7/7 Albuquerque, 7/8 Phoenix, 7/10 San Diego, 7/11 Las Vegas
    2000: 10/17 Dallas
    2003: 4/3 OKC
    2012: 11/17 Tulsa(EV), 11/18 Tulsa(EV)
    2013: 11/16 OKC
    2014: 10/8 Tulsa
    2022: 9/20 OKC
    2023: 9/13 Ft Worth, 9/15 Ft Worth
  • tbergstbergs Posts: 10,249
    DE4173 said:
    Yeah, wtf... 😒 

    Quick question:

    So it's either stock market is tanking under Trump (way to go/lol) or it does well and it's all about manipulation?

    I guess if it fell/rose incrementally, it would be less obvious and receive less criticism.

    Maybe I answered my own question 🤭
    It seems pretty obvious though, doesn't it? What the president verbally states related to trade can ultimately swing the market violently from day-to-day and that's what he's doing, constantly. This is not how you run a country's economy unless of course your experience is in running businesses into the ground and declaring bankruptcy. He could have easily began conversations with all of these countries in private through his staff about negotiating changes in trade policies, which wouldn't have created one of the most volatile market stretches in history that wasn't due to an actual national or global crisis.

    Your pondering on this and trivialization of it points to a broader concern I have that most people don't seem to realize how abnormal and dysfunctional his approach to our economy is and the long term damage it will do. It's not like he's some R&D employee musing on the next big innovative approach/idea tucked away in the back offices of Microsoft. Unfortunately everything this idiot says has huge impacts on the financial stability of our economy and the world.
    It's a hopeless situation...
  • PJ_SoulPJ_Soul Vancouver, BC Posts: 50,368
    edited April 23
    He literally treats the American and the world economy like it's a delightful game he gets to play. Kinda like a nasty little kid who gets his rocks off by burning up ants with a magnifying glass. That's his mindset, plain, simple and horrifying. He is incapable of caring about the damage he's doing to people because he's a psychopath, which, of course, doesn't mean he isn't fully aware of the damage he is doing. I think that is part of the fun. We're the ants.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • DE4173DE4173 Posts: 2,351
    PJ_Soul said:
    He literally treats the American and the world economy like it's a delightful game he gets to play. Kinda like a nasty little kid who gets his rocks off by burning up ants with a magnifying glass. That's his mindset, plain, simple and horrifying. He is incapable of caring about the damage he's doing to people because he's a psychopath, which, of course, doesn't mean he isn't fully aware of the damage he is doing. I think that is part of the fun. We're the ants.

    1993: 11/22 Little Rock
    1996; 9/28 New York
    1997: 11/14 Oakland, 11/15 Oakland
    1998: 7/5 Dallas, 7/7 Albuquerque, 7/8 Phoenix, 7/10 San Diego, 7/11 Las Vegas
    2000: 10/17 Dallas
    2003: 4/3 OKC
    2012: 11/17 Tulsa(EV), 11/18 Tulsa(EV)
    2013: 11/16 OKC
    2014: 10/8 Tulsa
    2022: 9/20 OKC
    2023: 9/13 Ft Worth, 9/15 Ft Worth
  • Tim SimmonsTim Simmons Posts: 8,968
    Pretty interesting op-ed from the NYT on Tariffs and how they are being perceived in China and how it affects Chinese manufacturing and Amazon/Temu/etc. 

    https://archive.ph/etaW1
  • PJ_SoulPJ_Soul Vancouver, BC Posts: 50,368
    Trump's having a conniption fit about Amazon wanting to show the tariff price on items. Nope, he definitely doesn't want Americans actually knowing how much they have to spend on tariffs, obviously..... I REALLY hope that many, many more businesses, large and small, choose to display tariffs in subtotals as well.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • tbergstbergs Posts: 10,249
    nicknyr15 said:
    Well, after the mess he inherited from the Biden admin, we're lucky for his leadership through these hard economic times 🤪
    It's a hopeless situation...
  • mrussel1mrussel1 Posts: 30,568
    Thanks for tanking Q1 Biden. 
  • tempo_n_groovetempo_n_groove Posts: 40,878
    I know people are up in arms about this but are the tariffs really going to help the Govts coffers? I really want to hear a view on how it can work thats not a boot licker.
  • PJ_SoulPJ_Soul Vancouver, BC Posts: 50,368
    I know people are up in arms about this but are the tariffs really going to help the Govts coffers? I really want to hear a view on how it can work thats not a boot licker.

    I mean, it's more taxes going to the government, so yes, it will help the government's coffers just like other taxes do.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,416
    It will be a net loss as opposed to what they were collecting historically.
  • mrussel1mrussel1 Posts: 30,568
    PJ_Soul said:
    I know people are up in arms about this but are the tariffs really going to help the Govts coffers? I really want to hear a view on how it can work thats not a boot licker.

    I mean, it's more taxes going to the government, so yes, it will help the government's coffers just like other taxes do.
    I would argue it's a weak substitute.  Yes, tariffs will drive revenue to treasury short term, but the price increases will decrease demand, and therefore more likely to reduce gov revenue that it currently receives in the form of sales tax and business tax.  If sales go down, those tax receipts go down.  
  • mrussel1mrussel1 Posts: 30,568
    It will be a net loss as opposed to what they were collecting historically.
    Yes, exactly.  
  • PJ_SoulPJ_Soul Vancouver, BC Posts: 50,368
    It will be a net loss as opposed to what they were collecting historically.

    Sure, if you take into account the effects the tarrif war will have on trade and the economy overall, America will lose on all counts.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
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