Capitalism, The Fed and Economic Policy

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  • Halifax2TheMax
    Halifax2TheMax Posts: 42,105
    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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  • josevolution
    josevolution Posts: 31,576
    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_groove
    tempo_n_groove Posts: 41,359
    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
  • nicknyr15
    nicknyr15 Posts: 9,216
    More market manipulation. Hope everyone here made 2.5 billion or 900 million like trumps pals! It’s so obvious at this point. 
  • tbergs
    tbergs Posts: 10,401
    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...
  • DE4173
    DE4173 Posts: 2,799
    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
  • tbergs
    tbergs Posts: 10,401
    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_Soul
    PJ_Soul Vancouver, BC Posts: 50,665
    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
  • DE4173
    DE4173 Posts: 2,799
    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 Simmons
    Tim Simmons Posts: 9,537
    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
  • nicknyr15
    nicknyr15 Posts: 9,216
    No surprise here 

    https://stocks.apple.com/A0IdvInrxTnikTCqflJzPsQ
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,665
    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
  • tbergs
    tbergs Posts: 10,401
    nicknyr15 said:
    No surprise here 

    https://stocks.apple.com/A0IdvInrxTnikTCqflJzPsQ
    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...
  • mrussel1
    mrussel1 Posts: 30,879
    Thanks for tanking Q1 Biden. 
  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    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_Soul
    PJ_Soul Vancouver, BC Posts: 50,665
    tempo_n_groove 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.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,527
    It will be a net loss as opposed to what they were collecting historically.
  • mrussel1
    mrussel1 Posts: 30,879
    PJ_Soul said:
    tempo_n_groove 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.  
  • mrussel1
    mrussel1 Posts: 30,879
    Jearlpam0925 said:
    It will be a net loss as opposed to what they were collecting historically.
    Yes, exactly.  
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,665
    Jearlpam0925 said:
    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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