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Posted
2 minutes ago, Pato del Muerto said:

Where is the deal part of this?  What deal was made with any country or corporation, using these tariff proclamations as negotiating tactics?

if I walk into a room, turn off the light, then turn it back on after a little grumbling, I did not make a deal. 

And you got assaulted by an orange man while the lights were off.

Posted

Wonder how this will affect the Fed’s plan to cut interest rates.

Quote

China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday.

https://www.reuters.com/world/china/chinas-central-bank-asks-state-lenders-reduce-dollar-purchases-sources-say-2025-04-09/

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Posted

After earlier reports egg prices were falling, the bird flu says hold my beer.

Quote

Egg prices increased to a record high in March, federal data shows. The Bureau for Labor Statistics (BLS) said the average cost of a dozen eggs hit $6.227 last month, a new high and up from $5.897 in February.

The supply of eggs has been hit hard by avian flu outbreaks, and the Trump Administration had warned that egg prices were likely to rise ahead of Easter. It has been trying to bring the price of eggs down by importing more from overseas.

https://www.newsweek.com/egg-prices-record-high-2057959?utm_medium=Social&utm_source=Facebook&fbclid=IwY2xjawJk6dJleHRuA2FlbQIxMQABHgdqZSshzCXoffXcI88ERqFR1eGE8NaXAoqbVgPosIgiBk66tgU_KJY5YJS7_aem_JZ-9tZcvpwapMrhLu0-tVA#Echobox=1744289696

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Posted (edited)
47 minutes ago, Willfully Horn said:

Asked, and answered.

image.thumb.png.074ac4418a60453bdd85d632a3e21535.png
 

Edited to say to the Trump family, who seek to refinance some major loans that are coming due: Too bad. So sad.

Edited by Willfully Horn
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Posted
1 hour ago, The Royal We said:

Totally healthy market.

I think he enjoys the power he has over the market way too much so this manic market won't stop anytime soon.

Episode 2 Scream GIF by The Simpsons

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Posted
21 hours ago, MonkeyDoughnut said:

So history says we're doomed either way to drive off the cliff, no party has a plan.

Lol.  The trends are clear.

image.png.91d7c432c2da0b67f700e746768af3d1.png

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Posted
6 hours ago, mdmost said:

Down 700 points today so far. What part of the Art of the Deal is this?

 

3 hours ago, mdmost said:

Art of the Deal-ing our balls off today!

If you bought after 10:25am you made money today.

Posted
Quote

The supply of eggs has been hit hard by avian flu outbreaks, and the Trump Administration had warned that egg prices were likely to rise ahead of Easter. It has been trying to bring the price of eggs down by importing more from overseas.

Thats some fucking 8D chess, right there.

TRUMP: Egg prices are too high. Do something

TRUMP LACKEY: Sir....I found eggs in Europe. We can lower prices by importing eggs.

TRUMP: I suggest we find eggs in Europe and bring them in, so we can lower the prices. Can we find some eggs?

TRUMP LACKEY: Sir I just said, we located....never mind, we will bring in eggs from Europe. The magnificence of your brain truly knows no bounds, sir! 

TRUMP: Now lets tariff those eggs!

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Posted
8 hours ago, wildcat09 said:

For 25+ years now I've seen conservatives online whine about "unsustainable" deficits. Not once have I ever seen one who was able to explain the negative consequences they seemed to be so terrified of. Now, for the past 10-15 years or so, I've constantly seen those same conservatives cheerlead for actually imposing the very consequences they never understood that they were (erroneously) warning about when they whined about deficits. 

They're just the dumbest fucking people alive. 

 

7 hours ago, Horn Dog said:

Quoted for truth.  Deficits are "unsustainable" for people/entities with finite live spans and a defined income time period.   When an entity has a presumably endless payback time period, the benefit of inflation, and growing net income every year (not to mention the ability to make money out of thin air), the whole "this is unsustainable and needs to be run as a business!" is bullshit.   Is it good to run huge deficits?  No its not, but it is not all doom and gloom.  And if you actually are interested in reducing the number, maybe vote for the one party that has actually done that in our lifetimes.

As a recovering big "C" conservative... I'll take a stab.

We are poised to hit a couple of "not great" milestones in the next year or so.  We will in the near future 1) cross the 100% debt/GDP threshold and 2)have an annual outlay greater than $1T for interest payments on the national debt.  The $1T factoid is pretty much meaningless, except for the fact that we now have more than $1T that is not available to provide actual goods and services to our citizens.  The 100% debt to GDP ratio is concerning because it could be a trigger point for credit rating agencies to downgrade the US Govt's credit rating and shift to more negative outlooks.  

The biggest concern is that interest as a share of the budget keeps growing.  In 2024, 13% of the Federal budget went to service the debt.  By 2035, that will be up to 16% ($1.783T).  Again... that will be 16% of our budget not providing benefits to our citizens, because no one has the political will to keep spending in line with revenues.    

How far can we go and how big can the problem get before it becomes critical?  We don't really know... but we REALLY don't want to find out.

Posted
1 minute ago, Pato del Muerto said:

But Rs only campaign on it, then get into office and make it worse via tax cuts. 

No argument there.  No one has shown the political will to actually address the issue.  But to be fair... we as an electorate have proven time and again that we will not keep anyone in office who actually tries to do something.

We are very likely turbo-fucked and riding this plane all the way to the crash site.

 

Posted (edited)
11 minutes ago, Guadaloopy said:

No argument there.  No one has shown the political will to actually address the issue.  But to be fair... we as an electorate have proven time and again that we will not keep anyone in office who actually tries to do something.

We are very likely turbo-fucked and riding this plane all the way to the crash site.

 

George HW Bush learned that (Read my Lips) and then Clinton actually reaped the benefit of the new taxes and reined in the deficit.

Loose loan policy under W and resulting bailouts plus the COVID welfare turbo fucked us.

Edited by TexasEd
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Posted
2 hours ago, HalfSack Horn said:

Bought a pack.  Only 3 left!! Haha

Will strategically starting putting these places. We might need a thread for that.  

Those would look awful in urinals. Whatever you do, don't leave any of those in public urinals. 

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Posted
Just now, Hermanator said:

These oligarch cunts are just trolling us now

Screenshot_20250410-164155_Chrome.thumb.png.fa6899b9b7a55ce3ef219604bed4bd56.png

Fuck, even if he was on to something, the "as long as there's no nuclear war" is doing some HEAVY lifting.

A big part of the reason we've avoided a nuclear war is because American hegemony has helped keep local rivalries (including potential wars) relatively under control.  And now?  We are disengaging, telling everyone out there "it's every man for himself," and pursuing policies and approaches that couldn't be better crafted to incentivize every country that can to obtain nukes.

Dimon...you're a fucking fool.  Not that it was in doubt, but he keeps removing any possible scintilla of doubt.

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Posted (edited)

Dumb question amnesty as someone who's been stuck in work meetings until late the past few days and is finally coming up for air (although I may soon wish I was stuck in meetings without internet).  I thought there was a pause on tariffs for 90 days except for China.  Is that not true?  Cliffs Notes version.  I can't even figure out the answer to this via the NYTimes website or Google.

Edited by lemonlime
Posted
3 minutes ago, lemonlime said:

Dumb question amnesty as someone who's been stuck in work meetings until late the past few days and is finally coming up for air (although I may soon wish I was stuck in meetings without internet).  I thought there was a pause on tariffs for 90 days except for China.  Is that not true?  Cliffs Notes version.  I can't even figure out the answer to this via the NYTimes website or Google.

Nope - baseline 10% tariffs across the board are still in place in addition to the 125% China tariffs.  The press really fucking sucks these days. NPR does an okay job here:

https://www.npr.org/2025/04/10/nx-s1-5358929/trump-tariff-pause-china

 

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Posted
2 hours ago, Ghost of LL said:

The real problem for Democrats in the 21st Century has been that every time they take over the White House, they do so in the middle of an economic catastrophe that greatly restricts what fiscal policies they can enact.

Yep. And it is going to happen again.

The only saving grace is that Trump is causing this so early in his regime. So maybe by the time the Democrats have the burnt ashes of America around them, they won't be blamed for it this time.

Or not. This is probably all wishful thinking.

Posted
5 hours ago, HalfSack Horn said:

Bought a pack.  Only 3 left!! Haha

Will strategically starting putting these places. We might need a thread for that.  

image.jpeg.9d4a053d2793cc11b49ee35ce951ebcd.jpeg

Posted
2 hours ago, Hermanator said:

These oligarch cunts are just trolling us now

Screenshot_20250410-164155_Chrome.thumb.png.fa6899b9b7a55ce3ef219604bed4bd56.png

More proof that the wealthier and more successful you are, the dumber and more arrogant you become.    There are exceptions like Gates/Buffet, but many of these guys are kind of stupid.  (Sure I recognize the complexity of the word stupid, if I wanted to talk credit default swaps, Dimon/Ackman would probably be excellent resources, but their ability to step out of their lane and well beyond their sphere of knowledge is rather arrogant/dumb).

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Posted (edited)
36 minutes ago, Nivek said:

More proof that the wealthier and more successful you are, the dumber and more arrogant you become.    There are exceptions like Gates/Buffet, but many of these guys are kind of stupid.  (Sure I recognize the complexity of the word stupid, if I wanted to talk credit default swaps, Dimon/Ackman would probably be excellent resources, but their ability to step out of their lane and well beyond their sphere of knowledge is rather arrogant/dumb).

They're grasping for spin control. They know this is the most egregious example of corruption, theft, and authoritarian bullshit that has happened in the US in over 100 years, if ever. They know they're destroying the US economy to feed themselves. These are the attempts to gaslight the country and make believe it all isn't happening. They're this abrasive and bold because they know Americans are stupid. 

Edited by Hermanator
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Posted
1 hour ago, Hermanator said:

Are polls bullshit? Well trump is hoping so. 

Screenshot_20250410-215451_FirefoxFocus.thumb.png.311be9758bf890497d226da05e4e1f92.png

 

Holy shit the young vote drop from January to now. 

Screenshot_20250410-215649_FirefoxFocus.thumb.png.32b0e69909e70ce7df2584ae5cfb3db7.png

My fellow Gen Xers are still the biggest got damn morons in the country. 

Red pilled Gen Z incel fuckboys realizing they dun goofed? Shocked.

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