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Capitalism, The Fed and Economic Policy

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  • nicknyr15nicknyr15 Posts: 8,955
    mrussel1 said:
    Vitalogensia 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: 2,104
    Seems panican might be used against maga, at least one can hope. 
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  • tempo_n_groovetempo_n_groove Posts: 40,727
    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: 30,488
    tempo_n_groove 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.  
  • tbergstbergs Posts: 10,202
    mrussel1 said:
    tempo_n_groove 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: 40,756
    tbergs said:
    mrussel1 said:
    tempo_n_groove 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.
    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: 40,756
    Question is, can ‘Murica survive 1,381 more days of this?
    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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  • tbergstbergs Posts: 10,202
    Halifax2TheMax said:
    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: 17,373
    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: 40,756
    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: 40,756
    Price of a dozen eggs rose to $6.23 on average in March. “Day 1.” Suckers.
    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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  • josevolutionjosevolution Posts: 30,747
    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: 40,727
    Halifax2TheMax said:
    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: 8,955
    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: 10,202
    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: 1,873
    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: 10,202
    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: 50,307
    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: 1,873
    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: 8,827
    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
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