Capitalism, The Fed and Economic Policy

OnWis97

mrussel1 said:

Halifax2TheMax said:

mrussel1 said:

Hi, it's Tuesday, less than two months into the administration and Trump is costing me a lot of money again today with his stupid statements about tariffs.  The market is reacting, as it should, to the uncertainty.  So once again, he is giving us all of the market downside of a closed economy and none of the "upside" of higher prices.  Swell.  

Sounds like you have a severe case of TDS. Spend less time here and more time on more liberal websites. Or check out completely for the next 1,411 days.

You're probably right.  I spent some time today on Yahoo Finance and my E-trade account and all it fed me was the liberal agenda of falling equity prices.  I'm sure it's fake news.  I did my own research on Fox and there is nothing about the market tanking, that's how I know it isn't happening.  

Elon Musk promised us hard times. And he's delivering.

Hawk123

OnWis97 said:

mrussel1 said:

Halifax2TheMax said:

mrussel1 said:

Hi, it's Tuesday, less than two months into the administration and Trump is costing me a lot of money again today with his stupid statements about tariffs.  The market is reacting, as it should, to the uncertainty.  So once again, he is giving us all of the market downside of a closed economy and none of the "upside" of higher prices.  Swell.  

Sounds like you have a severe case of TDS. Spend less time here and more time on more liberal websites. Or check out completely for the next 1,411 days.

You're probably right.  I spent some time today on Yahoo Finance and my E-trade account and all it fed me was the liberal agenda of falling equity prices.  I'm sure it's fake news.  I did my own research on Fox and there is nothing about the market tanking, that's how I know it isn't happening.  

Elon Musk promised us hard times. And he's delivering.

Don’t you just love when billionaires tell you hard times are ahead? I’m sure it’s really hard for them to get by. 

mrussel1

OnWis97 said:

mrussel1 said:

Halifax2TheMax said:

mrussel1 said:

Hi, it's Tuesday, less than two months into the administration and Trump is costing me a lot of money again today with his stupid statements about tariffs.  The market is reacting, as it should, to the uncertainty.  So once again, he is giving us all of the market downside of a closed economy and none of the "upside" of higher prices.  Swell.  

Sounds like you have a severe case of TDS. Spend less time here and more time on more liberal websites. Or check out completely for the next 1,411 days.

You're probably right.  I spent some time today on Yahoo Finance and my E-trade account and all it fed me was the liberal agenda of falling equity prices.  I'm sure it's fake news.  I did my own research on Fox and there is nothing about the market tanking, that's how I know it isn't happening.  

Elon Musk promised us hard times. And he's delivering.

Promises made, promises kept.  

Jearlpam0925

This is the general mindset that we were talking about @mickeyrat, but only much more poisoned:

https://x.com/ChadNotChud/status/1899539984417231285?t=McRcjCyA0kfqK3AA6bryIQ&s=19

Hawk123

If this is considered Biden’s market still, then the lower than expected inflation reading is his too. Well done Joe! At least someone is lowering prices. 

mickeyrat

Jearlpam0925 said:

This is the general mindset that we were talking about @mickeyrat, but only much more poisoned:

https://x.com/ChadNotChud/status/1899539984417231285?t=McRcjCyA0kfqK3AA6bryIQ&s=19

will you screenshot that or copy/paste its text? I no longer go to that website/app.

Jearlpam0925

mickeyrat said:

Jearlpam0925 said:

This is the general mindset that we were talking about @mickeyrat, but only much more poisoned:

https://x.com/ChadNotChud/status/1899539984417231285?t=McRcjCyA0kfqK3AA6bryIQ&s=19

will you screenshot that or copy/paste its text? I no longer go to that website/app.

Get on Bluesky then.

Best I can do is go to the full video and go to the 44:30 mark. Fair warning: if you watch this entire video your head will implode and you'll spontaneously combust, so be careful.

https://youtu.be/Js15xgK4LIE?si=7Jej7a8se2kO4cUr

mickeyrat

Jearlpam0925 said:

mickeyrat said:

Jearlpam0925 said:

This is the general mindset that we were talking about @mickeyrat, but only much more poisoned:

https://x.com/ChadNotChud/status/1899539984417231285?t=McRcjCyA0kfqK3AA6bryIQ&s=19

will you screenshot that or copy/paste its text? I no longer go to that website/app.

Get on Bluesky then.

Best I can do is go to the full video and go to the 44:30 mark. Fair warning: if you watch this entire video your head will implode and you'll spontaneously combust, so be careful.

https://youtu.be/Js15xgK4LIE?si=7Jej7a8se2kO4cUr

am on bluesky and have seen clips of seder on threads. mainly of the one kid who clearly does not know his ass from a hole in the ground. thanks for the link to the whole thing.

Jearlpam0925

Man, I have found a new person to get indoctrinated by, this guy is great:

https://youtu.be/XCnImxVWbvc?si=QGaf9JEB2VAGfcLd

mickeyrat

feels like a problem...

tempo_n_groove

mickeyrat said:

feels like a problem...

Whats interesting is a lot of this is crap thats not good for you.

mickeyrat

tempo_n_groove said:

mickeyrat said:

feels like a problem...

Whats interesting is a lot of this is crap thats not good for you.

expanding our garden footprint this year, started last year with 2 4x4 raised beds, one 12 inch high the other 18 inches. deciding now just what size and how they'll lay out then what to plant.

Zod

tempo_n_groove said:

mickeyrat said:

feels like a problem...

Whats interesting is a lot of this is crap thats not good for you.

This was my discovery last year.  Had my first cholesterol test, it was fairly high, opted to revamp my diet to get it under control.  Now I walk into a grocery store and it feels like 90% of the place is there to shorten my lifespan.   It's pretty crazy that the food industry evolved in this way.

Halifax2TheMax

Proof positive that happy days are here again. So, so very, so very much winning!

Consumer confidence plummets to lowest level since January 2021

WashingtonCNN — 

America’s economic mood continues to deteriorate as President Donald Trump carries on with his sweeping economic agenda.

Consumer confidence slid 7.2 points this month to a reading of 92.9, the Conference Board said Tuesday in its latest survey, reaching its lowest level since January 2021 and extending a decline that began in December, after the US presidential election. March’s decline was similar to February’s, underscoring the growing pessimism among US consumers.

Not only are Americans expecting higher inflation this year, but more of them are also predicting that the economy will slip into a recession, the Conference Board survey showed. That toxic combination of weakening growth and accelerating inflation resembles “stagflation,” and Federal Reserve officials also see the US economy trending in that direction.

Americans’ expectations “for income, business, and labor market conditions” in the coming year fell sharply this month, the survey showed, declining 9.6 points to 65.2, the lowest level in 12 years. Meanwhile, the share of respondents expecting a recession in the next 12 months held steady in March at a nine-month high.

Trump’s trade spat with foreign countries, a key tenet of his economic agenda, has been both baffling and contentious: Earlier this month after imposing 25% tariffs on Mexico and Canada, those duties were quickly delayed for another month after complaints from business leaders; then, after the European Union retaliated to Trump’s metal tariffs, the president continued to up the ante by threatening a mega 200% tariff on European alcohol.

And upcoming tariffs aimed at matching those that foreign countries impose on the United States — so-called reciprocal tariffs slated for April 2 — might be watered down.

That frenetic back-and-forth has evoked high levels of uncertainty among American consumers, businesses and investors, which is making it difficult to plan ahead, according to various surveys. It’s also stoking fears that the economy could be barreling toward stagflation.

https://www.cnn.com/2025/03/25/economy/us-consumer-confidence-march-recession/index.html

mickeyrat

GEO Group, a for-profit prison company, is fighting Washington in court over a mandate to pay ICE detainees minimum wage.

The case could set a precedent that would require the company to pay detainees more at its other facilities across the country.

Read more: https://propub.li/4iGK2a9

tempo_n_groove

mickeyrat said:

tempo_n_groove said:

mickeyrat said:

feels like a problem...

Whats interesting is a lot of this is crap thats not good for you.

expanding our garden footprint this year, started last year with 2 4x4 raised beds, one 12 inch high the other 18 inches. deciding now just what size and how they'll lay out then what to plant.

Leave room between tomatoes.  It does help!

tempo_n_groove

mickeyrat said:

GEO Group, a for-profit prison company, is fighting Washington in court over a mandate to pay ICE detainees minimum wage.

The case could set a precedent that would require the company to pay detainees more at its other facilities across the country.

Read more: https://propub.li/4iGK2a9

I have a problem with that, prison work was always a privilege and not guaranteed, also a way for cheap labor to be used. There are plenty of watch groups so it's not abused like Shawshank.

Let the inmates make $2 an hour.

mrussel1

tempo_n_groove said:

mickeyrat said:

GEO Group, a for-profit prison company, is fighting Washington in court over a mandate to pay ICE detainees minimum wage.

The case could set a precedent that would require the company to pay detainees more at its other facilities across the country.

Read more: https://propub.li/4iGK2a9

I have a problem with that, prison work was always a privilege and not guaranteed, also a way for cheap labor to be used. There are plenty of watch groups so it's not abused like Shawshank.

Let the inmates make $2 an hour.

Yes but that work was being done for hte benefit of society, not the benefit of a private company.  

DE4173

Saw a great quote on twitter:

"Most of us are three bad months away from being homeless. None of us are three good months away from being billionaires. You should know which side to be on."

🎯

tempo_n_groove

mrussel1 said:

tempo_n_groove said:

mickeyrat said:

GEO Group, a for-profit prison company, is fighting Washington in court over a mandate to pay ICE detainees minimum wage.

The case could set a precedent that would require the company to pay detainees more at its other facilities across the country.

Read more: https://propub.li/4iGK2a9

I have a problem with that, prison work was always a privilege and not guaranteed, also a way for cheap labor to be used. There are plenty of watch groups so it's not abused like Shawshank.

Let the inmates make $2 an hour.

Yes but that work was being done for hte benefit of society, not the benefit of a private company.  

Just read the article.  They wanted the company to pay the inmates that cleaned and made food.  Thats silly.

Also the state prisons dont pay the inmates so why should the private prison dot hat?