#47 economic policies

cincybearcat

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

GlowGirl

cincybearcat said:

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

I took a huge hit as well. 

Lerxst1992

GlowGirl said:

cincybearcat said:

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

I took a huge hit as well. 

Imagine planning to retire now on a 401k being a target of certain policies. The best way to ride this is having enough cash to weather the storm. Or a guaranteed job/income.

it should get better once they announce their tax cuts for the wealthy. To win back power away from this disaster and stopping these terrible economic policies is having a party with a clear and focused message, who wants a better America without handpicking winners and losers. Otherwise we may never win back the key purple electoral votes needed. Ten of which are likely going to the Rs after the 2030 census, an enormous indictment against blue states.


 

Poncier

cincybearcat said:

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

Got three years for my son paid with an assist from the booming Biden economy and was on pace to be able to pay for senior year without jumping into bed with Sallie Mae until the bankrupter got back in office. JFC the man is so stupid.

Hawk123

Poncier said:

cincybearcat said:

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

Got three years for my son paid with an assist from the booming Biden economy and was on pace to be able to pay for senior year without jumping into bed with Sallie Mae until the bankrupter got back in office. JFC the man is so stupid.

He could’ve taken so many easy W’s and looked like a hero. Inflation was already dropping, stock market was ripping, crypto was ripping. He just had to sit tight, be more precise in the government clean up, more targeted tariffs that can be justified. 

Tim Simmons

Halifax2TheMax

Stupid won.

nicknyr15

Hawk123 said:

Poncier said:

cincybearcat said:

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

Got three years for my son paid with an assist from the booming Biden economy and was on pace to be able to pay for senior year without jumping into bed with Sallie Mae until the bankrupter got back in office. JFC the man is so stupid.

He could’ve taken so many easy W’s and looked like a hero. Inflation was already dropping, stock market was ripping, crypto was ripping. He just had to sit tight, be more precise in the government clean up, more targeted tariffs that can be justified. 

It’s mind boggling. 

Lerxst1992

Hawk123 said:

Poncier said:

cincybearcat said:

darwinstheory said:

mickeyrat said:

mickeyrat said:

At the start of his term by one year was somewhere in the neighborhood of Plus 18% as late as last week or the week before that it dropped to plus 11 point something.

Year to date was in the neighborhood of + 8% at the start of his term

Lost over $9k 2 consecutive days. 

Lost over 2 years of tuition, room and boards over the course of 2 days. 

Got three years for my son paid with an assist from the booming Biden economy and was on pace to be able to pay for senior year without jumping into bed with Sallie Mae until the bankrupter got back in office. JFC the man is so stupid.

He could’ve taken so many easy W’s and looked like a hero. Inflation was already dropping, stock market was ripping, crypto was ripping. He just had to sit tight, be more precise in the government clean up, more targeted tariffs that can be justified. 

All investors have been hurt significantly, I certainly know that, but the story isn’t over. There is a huge tax cut coming that I will disagree with. The R congress is not smart enough to develop the right cuts to offset the tariff harm. And They should have been much closer to getting those cuts passed before implementing these tariffs.

i know it’s difficult to see, but there are advanced economic voices in the executive branch. Yes they were forced to go along with the tariffs, but the right tax cut….and deals with other countries.,, can spur investment and get us to 2028 in one peace. The most important question is will there be a strong enough challenger and party appealing to the electoral college?

Tim Simmons

[Montell Jordan voice] This is how we do it…

brianlux

Dan Rather's explanation for the "why" of these tariffs makes a lot of sense to me.  It's a quick read and well worth the few minutes.

https://steady.substack.com/p/trumps-hidden-agenda?utm_source=post-email-title&publication_id=247881&post_id=160618989&utm_campaign=email-post-title&isFreemail=false&r=ausme&triedRedirect=true&utm_medium=email

I will add here another perspective on the economy that you almost never hear but that I think will eventually become very self-evident.  I will state that perspective here yet again:

Most general  concepts of the economy are reliant on an economy of growth.  In a world populated by 8 billion plus people, the vast majority of whom want to live like we do in the first world/ developed nations (but who can blame them, I guess), on a planet with limited resources, an economy of growth is self-limiting. For example, look at Earth Overshoot Day, the predicted day on which humans of earth have surpassed biocapactiy, the capacity of ecosystems to regenerate what people demand from the planet.   For years now, the calculated earth overshoot day has occurred 4 to 6 months before the end of the year.  To simplify, if you start with a barrel containing 100 apples and you put 8 new apples in the barrel every year but consume 12 per year, you will eventually run out of apples.

This is how the economy of growth works.  But who is paying attention?  Why do so few people talk about this?  Three answers:  greed, denial, and lack of education.  This cannot last.

https://overshoot.footprintnetwork.org/

"Growth for the sake of growth is the ideology of the cancer cell."
-Edward Abbey

Hawk123

Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates

Looking like the worst 3 day stretch since 1987. Crazy that this clown is worse than a global pandemic. 

darwinstheory

Hawk123 said:

Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates

Looking like the worst 3 day stretch since 1987. Crazy that this clown is worse than a global pandemic. 

This week is going to suck. 

mickeyrat

tbergs

So it's going to be around 10% loss for a 3 day stretch? How long until we recover that, his entire term?

Hawk123

tbergs said:

So it's going to be around 10% loss for a 3 day stretch? How long until we recover that, his entire term?

It’s been a couple 5-6% days already, we’re probably closer to 15% over 3 days. Most markets will open in a bear market which is 20% down from the highs.

The reality is, most of this could be bounce back pretty quickly but I think he’s too stubborn to go back on his master plan. 

gotthebottle

We are living in a nightmare. Lunatics running the asylum. 
Each cabinet member worse than the last....

brianlux

Here comes another week.
"Ladies and gentlemen, we are expecting more turbulence.  Please stay seated and fasten you seat belts."

dignin

Nobody really believed those jobs were coming back right?


Trump official admits US workers won’t get jobs in new factories spurred by tariff strategy

Howard Lutnick suggests robotics are the future

https://www.independent.co.uk/news/world/americas/us-politics/howard-lutnick-trump-tariffs-factories-b2728463.html?utm_source=reddit.com

Halifax2TheMax

brianlux said:

Here comes another week.
"Ladies and gentlemen, we are expecting more turbulence.  Please stay seated and fasten you seat belts."

More like "we're expecting to crash. Assume the position."