NASDAQ at 5,800 when Trump ascending to the presidency. Currently at above 19,100. It has risen hugely since Trump took the oath. Is there anything this guy can't do?!?
Giving Trump credit for the Biden years again?
Biden gets about 40% of the credit. I will acknowledge that.
We should hit that all-time high on Donald Trump's watch.
Will Agip report it?
Markets are rallying based on a bets that Trump will continue to fold on his tariffs and is just blowing hot air about trade. So far, Trump has just used tariffs as a way to get countries and companies to bend the knee to him in exchange for deals that either give preferred industries exemptions (like electronics from China for Apple, etc.) or deals that do nothing to help reindustrialize the US (UK potential deal makes it cheaper to manufacture vehicles in the UK than in the USMC trade zone). or get nothing in return for huge trade concessions (China tariff reduced from 140% to 30% without any concessions from China).
But the markets may be overestimating Trump's ability to timely fold on critical trade issues. A 30% import tax on Chinese imports is still significant and will cause inflation in the US. There has been no movement on auto tariffs. VW is advertising "pre-tariff" sales and other manufacturers are raising prices and slashing profit forecasts. Shipments from China are set to whipsaw as everyone is back to trying to stock up in fear of Trump getting mad that some Chinese minister said something about him causing tariffs to go back to 145%. The ports and warehouses are going to go from seeing imports crater to below COVID levels to a massive supply chain log jam that will be worse than the post-COVID supply chain issues. And Trump has signaled that he is keeping in place the 10% tariff on all imports to help reduce the deficit.
We have a very strong and resilient economy right now that has so far been able to ride out the shocks of the tariffs. But it has only been 6 weeks. It usually takes a minimum of 6 months of intensive negotiations to put together a trade deal with a major trading partner and then a similar time period to get the trade treaty ratified. Negotiations need teams of trade experts and lawyers to draft an agreement. The Trump administration basically has Bessent and Greer doing everything and fired most of the technocrats in Washington that knew how to negotiate a trade deal. Inflation is going to hit hard later this summer as pre-positioned goods in inventories run out and retailers have to start passing on tariffs. 10% inflation is definitely a possibility, which would cause the fed to up interest rates. That will be stagflation as the economy can only do so much in the face of impacts of Trump's trade wars.
Yeah, but the Gulf kings are treating Trump like a king this week (and laughing behind his back), so I don't care about ANYTHING that you wrote above.
Mounted camels and cybertrucks for our Deer Leeder are what make this country GREAT !!!
Sorry, but someone please catch me up? We are, or are not, worrying about (beautiful, tremendous) new American Barbie and toilet plunger factories this week?
And I'm not a "market guy" by a LONG stretch, but it is funny. Currently pretending, it would appear, that the next Trump self-inflicted wound isn't JUST around the corner. Not to mention the time-delay self-inflicted wound still on its way......
Markets are rallying based on a bets that Trump will continue to fold on his tariffs and is just blowing hot air about trade. So far, Trump has just used tariffs as a way to get countries and companies to bend the knee to him in exchange for deals that either give preferred industries exemptions (like electronics from China for Apple, etc.) or deals that do nothing to help reindustrialize the US (UK potential deal makes it cheaper to manufacture vehicles in the UK than in the USMC trade zone). or get nothing in return for huge trade concessions (China tariff reduced from 140% to 30% without any concessions from China).
But the markets may be overestimating Trump's ability to timely fold on critical trade issues. A 30% import tax on Chinese imports is still significant and will cause inflation in the US. There has been no movement on auto tariffs. VW is advertising "pre-tariff" sales and other manufacturers are raising prices and slashing profit forecasts. Shipments from China are set to whipsaw as everyone is back to trying to stock up in fear of Trump getting mad that some Chinese minister said something about him causing tariffs to go back to 145%. The ports and warehouses are going to go from seeing imports crater to below COVID levels to a massive supply chain log jam that will be worse than the post-COVID supply chain issues. And Trump has signaled that he is keeping in place the 10% tariff on all imports to help reduce the deficit.
We have a very strong and resilient economy right now that has so far been able to ride out the shocks of the tariffs. But it has only been 6 weeks. It usually takes a minimum of 6 months of intensive negotiations to put together a trade deal with a major trading partner and then a similar time period to get the trade treaty ratified. Negotiations need teams of trade experts and lawyers to draft an agreement. The Trump administration basically has Bessent and Greer doing everything and fired most of the technocrats in Washington that knew how to negotiate a trade deal. Inflation is going to hit hard later this summer as pre-positioned goods in inventories run out and retailers have to start passing on tariffs. 10% inflation is definitely a possibility, which would cause the fed to up interest rates. That will be stagflation as the economy can only do so much in the face of impacts of Trump's trade wars.
Yeah, but the Gulf kings are treating Trump like a king this week (and laughing behind his back), so I don't care about ANYTHING that you wrote above.
Mounted camels and cybertrucks for our Deer Leeder are what make this country GREAT !!!
Sorry, but someone please catch me up? We are, or are not, worrying about (beautiful, tremendous) new American Barbie and toilet plunger factories this week?
And I'm not a "market guy" by a LONG stretch, but it is funny. Currently pretending, it would appear, that the next Trump self-inflicted wound isn't JUST around the corner. Not to mention the time-delay self-inflicted wound still on its way......
Egg prices down 13% this month. Biggest monthly drop in history.
Since his base no longer really matters, what do we now know beyond a shadow of doubt?
1) He, of course, never gave 2 shi** about his base (doll rationing, and whatnot).
2) HE really doesn't like brown people, either.
3) He truly hates lots of other things that make him feel insecure (intelligent people, experts, education, principled people, etc.). And his base will continue to convince themselves of the same....despite the blinding clarity of #1.
Since his base no longer really matters, what do we now know beyond a shadow of doubt?
1) He, of course, never gave 2 shi** about his base (doll rationing, and whatnot).
2) HE really doesn't like brown people, either.
3) He truly hates lots of other things that make him feel insecure (intelligent people, experts, education, principled people, etc.). And his base will continue to convince themselves of the same....despite the blinding clarity of #1.
M*G*
the jet thing is the classic trump story.
by trump's way of looking at his job: if someone wants to give you money, you take it. You just take it.
End story.
No sense of appropriateness, laws, morals, ethics, tradition, appearances...just take the money if they give it to you. he said this.
This is why trumpers welcomed help from russia in the campaign, it's why trump takes payments for pardons, why he sells stuff from the WH, etc.
Just cash. All he cares about.
This post was edited 49 seconds after it was posted.
Sorry, but someone please catch me up? We are, or are not, worrying about (beautiful, tremendous) new American Barbie and toilet plunger factories this week?
And I'm not a "market guy" by a LONG stretch, but it is funny. Currently pretending, it would appear, that the next Trump self-inflicted wound isn't JUST around the corner. Not to mention the time-delay self-inflicted wound still on its way......
Egg prices down 13% this month. Biggest monthly drop in history.
Top of the list is you believing the Democratic Party could be so organized.
Within 24 hours of an event the local news up to msdnc and CNN along with state and local politicians along with house and senate democrats will be repeating the same talking points verbatim.
Organizing is literally what the cult does best.
“An event”
I’ll concede to you on this, when Adam Lanza gunned down two dozen children, local news, CNN and MSNBC all called it a preventable tragedy and the talking heads and Democratic politicians all called for more stringent gun regulations to prevent such a thing from happening again.
You’re also right, there was no such messaging from the GOP or right wing media so well done there. The GOP talked a lot about guns not being the problem but not dealing with mental health problems in the US, and mental health has definitely been a target of the Trump administration:
Congress created the grants in the aftermath of the school shooting in Uvalde, Texas. The goal was to help schools hire mental health professionals, including counselors and social workers.
In this instance, the people around Trump aren’t stupid. They’ve calculated that the political fallout of the mass shootings that will take place over next four years will be less than the loss of political capital they would suffer by taking any substantive policy stance on guns that runs counter to the gun lobby’s wishes.
Since his base no longer really matters, what do we now know beyond a shadow of doubt?
1) He, of course, never gave 2 shi** about his base (doll rationing, and whatnot).
2) HE really doesn't like brown people, either.
3) He truly hates lots of other things that make him feel insecure (intelligent people, experts, education, principled people, etc.). And his base will continue to convince themselves of the same....despite the blinding clarity of #1.
M*G*
the jet thing is the classic trump story.
by trump's way of looking at his job: if someone wants to give you money, you take it. You just take it.
End story.
No sense of appropriateness, laws, morals, ethics, tradition, appearances...just take the money if they give it to you. he said this.
This is why trumpers welcomed help from russia in the campaign, it's why trump takes payments for pardons, why he sells stuff from the WH, etc.
Just cash. All he cares about.
It’s the same with the white nationalists at Charlottesville. He didn’t want to condemn them because they support him.
Since his base no longer really matters, what do we now know beyond a shadow of doubt?
1) He, of course, never gave 2 shi** about his base (doll rationing, and whatnot).
2) HE really doesn't like brown people, either.
3) He truly hates lots of other things that make him feel insecure (intelligent people, experts, education, principled people, etc.). And his base will continue to convince themselves of the same....despite the blinding clarity of #1.
M*G*
the jet thing is the classic trump story.
by trump's way of looking at his job: if someone wants to give you money, you take it. You just take it.
End story.
No sense of appropriateness, laws, morals, ethics, tradition, appearances...just take the money if they give it to you. he said this.
This is why trumpers welcomed help from russia in the campaign, it's why trump takes payments for pardons, why he sells stuff from the WH, etc.
Just cash. All he cares about.
All utter nonsense. Didn't read it, but it's not necessary to title it what it is. Garbage
Since his base no longer really matters, what do we now know beyond a shadow of doubt?
1) He, of course, never gave 2 shi** about his base (doll rationing, and whatnot).
2) HE really doesn't like brown people, either.
3) He truly hates lots of other things that make him feel insecure (intelligent people, experts, education, principled people, etc.). And his base will continue to convince themselves of the same....despite the blinding clarity of #1.
M*G*
the jet thing is the classic trump story.
by trump's way of looking at his job: if someone wants to give you money, you take it. You just take it.
End story.
No sense of appropriateness, laws, morals, ethics, tradition, appearances...just take the money if they give it to you. he said this.
This is why trumpers welcomed help from russia in the campaign, it's why trump takes payments for pardons, why he sells stuff from the WH, etc.
Just cash. All he cares about.
But.....like usual, it MIGHT actually be worse than that. If you asked Trump which would he rather have?
1) Free $400M jet ?
3) A solid week of royal a** kissing in the Gulf ?
Really not sure which he'd pick.
THIS I am sure of: It's virtually impossible to get a smaller, more shallow human being than Donald Trump.
I would. The stock market is one important metric of how the nation (and world) is doing financial.
How much do you expect Trump to lower the deficit and national debt by the end of his presidency?
The president only makes budget proposals. Congress does the budget.
So the President is completely impotent on spending. The deficits and rise in debt that happened under Biden were not his fault at all and he shouldn’t be criticized for it is what you’re arguing.
