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Posted
On 3/3/2025 at 3:50 PM, Brisketexan said:

THISTHISTHIS.

Of the world's major economies, who was the BEST performer in terms of inflation?  The US....under Biden.

More actual gains were made in bringing strategically important and lucrative manufacturing back to US shores than in decades....via the CHIPS Act...under Biden.

 

None of that shit mattered.  None.  Because trannies and "DEI" (a term MAGA doesn't understand, and simply used as an excuse to "Make White Supremacy Great Again") and dirty beaners who ruin our country what with all their hard work and building things and picking vegetables.

we have to attack the parallel universe

taking the moral high ground on non-white non-male rights and reversing the attack on the last 60 years of civil rights can be done after (if) the people take back power from the garchs

reestablishing the truth on biden and inflation won't win shit next year

truman

truman

truman

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Posted
12 minutes ago, Longhorn_Fan68 said:

that's great and all but their population is about to learn how shitty canadian booze is

Good thing they still have access to whiskeys from Scotland and Japan, tequila from Mexico, gin from England and vodka from France. Not to mention that Old World wines are superior to the stuff we produce. I think they will be just fine. 

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Posted
2 minutes ago, royiv said:

Good thing they still have access to whiskeys from Scotland and Japan, tequila from Mexico, gin from England and vodka from France. Not to mention that Old World wines are superior to the stuff we produce. I think they will be just fine. 


Canadians buy 76 million dollars worth of American whiskey every year and 965 million dollars worth of American alcoholic beverages every year.

American breweries and distilleries are having a hard enough time as it is.

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Posted

So can anyone articulate an end game or policy goal for tariffs? Because it sure seems like Trump really intends to make them permanent under the sincere belief that he’ll be able to balance the budget. And no one is left with courage to tell him why that’s so fucking dumb

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Posted
10 minutes ago, Pig Bellmont said:

So can anyone articulate an end game or policy goal for tariffs? Because it sure seems like Trump really intends to make them permanent under the sincere belief that he’ll be able to balance the budget. And no one is left with courage to tell him why that’s so fucking dumb

The idea, if I am being generous, is autarky. Just make everything we need domestically.

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Posted
8 minutes ago, Valmy77 said:

The idea, if I am being generous, is autarky. Just make everything we need domestically.

And at the same time he wants to kill the CHIPS Act.

Posted
17 minutes ago, royiv said:

And at the same time he wants to kill the CHIPS Act.

As I said, if I am being generous and assume there is some kind of ideological program here. Obviously if you look at it too closely it all looks like incoherent bullshit because it is.

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Posted
8 hours ago, Bullneck said:

 

Canada is targeting Kentucky and Tennessee. Heavily red states. And I don't blame them.

 

4 hours ago, royiv said:

And at the same time he wants to kill the CHIPS Act.

Bet it's mainly because he didn't come up with it. He wants to destroy anything Biden came up with and convinced congress to pass.

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Posted

Private sector only created 77K jobs in February, down from the projected 148K.

https://www.cnbc.com/2025/03/05/adp-jobs-report-february-2025-.html

 

Quote

Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.

Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 Dow Jones consensus estimate, according to seasonally adjusted figures from ADP.

The total was the smallest increase since July and comes at a time when worries are rising that economic growth is slowing and worries brew that President Donald Trump’s tariff plans will spark another round of inflation. ADP said annual pay rose 4.7% in February, the same as the prior month.

Stock market futures lost some of their gains following the release while Treasury yields were mixed.

“Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month,” said ADP’s chief economist, Nela Richardson. “Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead.”

Though most economic data points remain positive, sentiment indicators have shown rising fears among both business executives and consumers that the Trump tariffs could raise prices and slow growth. In the extreme scenario, the combination could cause stagflation, a condition of flat or negative growth and rising prices.

The ADP report reflected some of those concerns, as a sector that lumps together trade, transportation and utility jobs saw a loss of 33,000 positions. Education and health services reported a decline of 28,000, while information services decreased by 14,000 at a time of uncertainty for artificial intelligence-related companies, despite Trump’s commitment to advancing AI efforts.

On the positive side, leisure and hospitality jobs jumped by 41,000, while professional and business services added 27,000, and financial activities and construction both saw gains of 26,000. Manufacturing also reported an increase of 18,000, countering the ISM manufacturing survey for the month that indicated companies were pulling back on hiring.

Services and goods-producing were in unusual balance for the month, adding 36,000 and 42,000 respectively on the month. As the U.S. is a services-based economy, that side usually dominates in job creation.

Employment growth tilted toward large firms in February, with companies employing 500 or more workers reporting a gain of 37,000 while those with fewer than 50 employees saw a loss of 12,000.

The ADP count serves as a precursor to the Labor Department’s Bureau of Labor Statistics report on nonfarm payrolls, due Friday. However, the two reports can differ substantially due to different methodologies. In January, the BLS reported an increase of just 111,000 in private payrolls, well below the ADP count.

47% of workers are employed by small businesses (under 500). So basically enrich the big companies (and major donors) and fuck the small ones.

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Posted
5 hours ago, royiv said:

Good. They need to feel the pain, too. I’m guessing plenty of distillery and brewery owners and employees voted for tariffs.

Especially all the bourbon producers in the south.  They fucked around, now it's find out time.

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Posted
On 3/5/2025 at 10:17 AM, Pig Bellmont said:

So can anyone articulate an end game or policy goal for tariffs? Because it sure seems like Trump really intends to make them permanent under the sincere belief that he’ll be able to balance the budget. And no one is left with courage to tell him why that’s so fucking dumb

Even the stupid fucking toddler in charge cant articulate an end game. Every country needs to tell him to fuck off and call his bluff. Dont roll over and suck his dick like American politicians and CEOs. Hopefully backbones exist elsewhere on the planet. You can't negotiate with a fucking idiot that changes his mind every 24 hours. 

https://www.cnn.com/2025/03/06/economy/tariffs-delay-mexico-canada/index.html

Quote

Commerce Secretary Howard Lutnick said Thursday that President Donald Trump will likely announce later in the day a one-month tariff delay on all products that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets, businesses and consumers.

In an interview with CNBC, Lutnick said tariffs on all treaty-compliant products from Mexico and Canada, most of which were hit with a 25% tariff Tuesday, will probably be paused. They will now go into effect on April 2 unless Mexico and Canada show significant progress in fighting what the Trump administration has called an epidemic of fentanyl crossing the border to the United States.

Stocks, which fell sharply to start the day Thursday, remained lower after Lutnick’s announcement but pared some of their losses. The Dow was down about 100 points, or 0.3%. The broader S&P 500 fell 0.6% and the tech-heavy Nasdaq was 0.7% lower.

The best lunacy. Sensible men stop me on the street, and they sir, your lunacy. Its like nothing ive ever seen before. 

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Posted

I’m so pissed that he keeps kicking the can down the road on making America great again. Tariffs are the tool to generate trillions of dollars for the American people and retire our national debt. Why can’t he grow a spine and institute these beautiful tariffs?

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Posted
3 minutes ago, royiv said:

I’m so pissed that he keeps kicking the can down the road on making America great again. Tariffs are the tool to generate trillions of dollars for the American people and retire our national debt. Why can’t he grow a spine and institute these beautiful tariffs?

He's a Republican. Anything to get votes. Once in office, then the real work of making the rich richer begins. 

It's been the GOP playbook for decades and it works in cycles.

 

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Posted
1 minute ago, David Dennison said:

He's a Republican. Anything to get votes. Once in office, then the real work of making the rich richer begins. 

It's been the GOP playbook for decades and it works in cycles.

 

Look, I didn’t vote for the guy to cozy up to Mexico and Canada and let them off the hook. I voted for pain and for them to pay their fair share. I need Trump to step up and institute these tariffs to Make America Great Again!!! 

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Posted

Is anyone pulling out of the markets as (a) protection against trump’s seemingly intentional recession and (b) protest against Trump since there’s little else we can do until midterms and we know he views the stock markets as a report card? I’ve been thinking about it…

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Posted
On 3/5/2025 at 10:17 AM, Pig Bellmont said:

So can anyone articulate an end game or policy goal for tariffs? Because it sure seems like Trump really intends to make them permanent under the sincere belief that he’ll be able to balance the budget. And no one is left with courage to tell him why that’s so fucking dumb

I believe the end game of all of this is to undermine the global role of the dollar. 

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Posted
5 minutes ago, B00M said:

Is anyone pulling out of the markets as (a) protection against trump’s seemingly intentional recession and (b) protest against Trump since there’s little else we can do until midterms and we know he views the stock markets as a report card? I’ve been thinking about it…

I cashed out all my long term held RSUs that I've accumulated. Granted I was locking in 25% gains from the acquisition price and my wife and I are looking for a new house. But I've been happy with my move so far and still have a good bit of skin in the game

Posted
Just now, Captainant said:

I cashed out all my long term held RSUs that I've accumulated. Granted I was locking in 25% gains from the acquisition price and my wife and I are looking for a new house. But I've been happy with my move so far and still have a good bit of skin in the game

I think that’s a good move, I’ve never been comfortable keeping too much of my net worth tied to my employer. Take the gain and diversify the risk.

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Posted (edited)
28 minutes ago, B00M said:

Is anyone pulling out of the markets as (a) protection against trump’s seemingly intentional recession and (b) protest against Trump since there’s little else we can do until midterms and we know he views the stock markets as a report card? I’ve been thinking about it…

I moved half of my retirement to gold (GLD) a week ago. That's had a slight profit since then.  It'll stay stable or increase unless the nukes drop.  This week, I moved another 25% to Fidelity's money market account (SPAXX) that is returning 4.x%. I'm okay with that return for 2025.  I have roughly 20% in the S&P 500 (FXAIX) and 5% still in tech (VGT).  I was in FXAIX & VGT for over 15 years with no complaints.  I was hoping to stay in that mix for 6 more years until retirement.

Edited by CooterBrown
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Posted
1 hour ago, Bozo_Casanova said:

I believe the end game of all of this is to undermine the global role of the dollar. 

It’s depressing how this is probably the correct answer- that combined with a healthy “Jews control the banks, so let’s screw them while making money on manipulating crypto”. Otherwise I can’t make much sense of him railing against (((globalists)))

 

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Posted
On 3/5/2025 at 10:17 AM, Pig Bellmont said:

So can anyone articulate an end game or policy goal for tariffs? Because it sure seems like Trump really intends to make them permanent under the sincere belief that he’ll be able to balance the budget. And no one is left with courage to tell him why that’s so fucking dumb

Correct, he's very stupid and has no understanding of international trade, comparative advantage, etc.

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Posted
Is anyone pulling out of the markets as (a) protection against trump’s seemingly intentional recession and (b) protest against Trump since there’s little else we can do until midterms and we know he views the stock markets as a report card? I’ve been thinking about it…

Hedging for sure. There will be a rebound, but the agent of chaos is just getting started. Eventually, his laziness will take over.
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Posted
1 hour ago, WBT said:

Correct, he's very stupid and has no understanding of international trade, comparative advantage, etc.

He only understands the market going red and that’s why he backtracks over and over.  We all know he has zero spine or anything real he stands for outside lining his own pockets…

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Posted
10 minutes ago, Pig Bellmont said:

 

Yep. But that makes tons more sense than tariffing Mexico and Canada.

I mean it is probably still stupid but Mexico and Canada are much more embedded in our economy.

Posted
On 3/7/2025 at 9:43 AM, Bozo_Casanova said:

I believe the end game of all of this is to undermine the global role of the dollar. 

Appears to be working. DXY down 4% since Trump 2.0. He is making the US economy ideal for recession and stagflation. The narrowing yield gap between the US and other economies is creating additional pressure on the strength of the USD. 

IMG_1759.thumb.jpeg.3b7a64d924ae08bfa23426ad3b96ea8b.jpeg

JD’s accelerationist sponsors are overjoyed with their investment. 

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Posted
4 minutes ago, washparkhorn said:

Appears to be working. DXY down 4% since Trump 2.0. He is making the US economy ideal for recession and stagflation. The narrowing yield gap between the US and other economies is creating additional pressure on the strength of the USD. 

IMG_1759.thumb.jpeg.3b7a64d924ae08bfa23426ad3b96ea8b.jpeg

JD’s accelerationist sponsors are overjoyed with their investment. 

Fucking hell.  I should have bought a fuckload of GBPs a couple of weeks ago.  Was trading at $1.26 5 days ago, now it's at $1.29.  If it goes down to $1.28, I'm buying a shitton (as I have significant obligations that have to be paid in GBP).

Goddammit, I'm kicking myself.

Of course, I'm also glad that much of my dad's estate is in actual real property and CDs (he'd gotten a lot of stuff out of the market).  

And yeah, I may start buying gold.

Or lead.  In bullet form.

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Posted
1 minute ago, Brisketexan said:

Of course, I'm also glad that much of my dad's estate is in actual real property and CDs (he'd gotten a lot of stuff out of the market).  

Presumably he had the entire Freedom Rock anthology?

Hey, Man! Is that Freedom Rock? (and costs) | Steve Hoffman Music Forums

Well turn it up, man. Cause we got freedoms. The best freedoms. Nobody has ever seen such freedoms. 

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Posted
On 3/5/2025 at 10:04 AM, Horn Under a Bad Sign said:


Canadians buy 76 million dollars worth of American whiskey every year and 965 million dollars worth of American alcoholic beverages every year.

American breweries and distilleries are having a hard enough time as it is.

American breweries’ loss is Elsinore’s gain

 

image.jpeg.b80238ab216c4d046bdfecc784f29eec.jpeg

Posted
On 3/6/2025 at 11:13 AM, David Dennison said:

He's a Republican. Anything to get votes. Once in office, then the real work of making the rich richer begins. 

It's been the GOP playbook for decades and it works in cycles.

 

As opposed to the Democrat playbook of solving income inequality evidenced by what exactly?

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Posted
6 minutes ago, RockwallJim said:

As opposed to the Democrat playbook of solving income inequality evidenced by what exactly?

Support for progressive income tax rates, for one.

Posted
32 minutes ago, RockwallJim said:

As opposed to the Democrat playbook of solving income inequality evidenced by what exactly?

Evidenced literally by the decrease in income inequality during Biden’s administration.

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