Presented without comment, because any comment I might, make that would, probably rightfully be deemed political.
https://www.npr.org/2025/04/02/nx-s1-5345802/trump-tariffs-liberation-day
I think you should cower in fear of a complete and total collapse of the country…it’s your MO.
In the meantime…I will just continue to buy discounted stocks.
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I think the tariffs (and DOGE) are a good thing in the long run.
The left into an anti American/Trump frenzy as expected.
If Obama had enacted the tariffs they’d be saying Obama is " a champion of the American worker" …“Visionary” …“Hero” etc.
Thankfully President Trump is doing the job we hired him to do.
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Come back in a year and opine again about DOGE and tariffs.
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If memory serves me correctly – and it has an annoying habit of doing just that – you and a couple of others claimed that the country was in recession or approaching it for the entire Biden administration. Talk about an MO. Well, your recession fears could be on the horizon as we speak.
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And congress isn’t doing the job we hired them to do. So maybe we should DOGE congress and just have a dictator, like our founding fathers envisionedl.
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That’s already happened. We have a Rubber Stamp congress as it is.
To quote a noted financial guru (pertaining to equities).
“Be fearful when others are greedy, be greedy when others are fearful”.
Predictably the MSM is barraging us with photos of Kamala (no illegal is a criminal) Harris in a “I told you so” mode…Scumbags.
228,000 new jobs created in March by the way.
Decent numbers, but I think it doesn’t factor in the DOGE federal workers layoffs. The impact of those won’t show up until the April report in May.
Not quite…what I had said is that we were due for a recession in 2022 and that the huge inflation and rising rates would likely be a culprit. We have been in a pretty long expansion and are still due for one…regardless of who is in the WH.
Consumer spending has been resilient via enormous credit card debt
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So stuff like this doesn’t matter?
I think most people don’t live trading-day to trading-day. I think most people consider a good economy to be what they can afford. If people thought a high stock market was a good economy, then people would be raving about the Biden economy and someone else would be in the White House. I think unless/until the stock market decline starts affecting everyday prices (food, gas, etc.), I doubt the current hysteria will last.
As I’ve remarked in another setting, recessions are a cyclic event, and the cycle seems to correspond with presidential election cycles.
It may or it may not. The consumer makes up 70% of the economy. During the historic inflation of 2022-23 the consumer just kept on borrowing and spending.
I wonder what will happen to prices when the consumer stops spending?
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What do you think the likely reaction will be when our trading partners continue to see the US govt setting their economic hair on fire? And for no apparent reason?
These trading “partners” ?
We should have taken action against China long ago. The de minimis exemption is criminal…
60% of our produce comes from Mexico. IF people couldn’t afford 9* (for one month then it kept heading down) then a 25% mandated inflation rate on groceries won’t make them more affordable.
From what I have read on another message board, these people were borrowing and spending on grocries. Groceries were blamed for the record number of maxxed out credit cards. And groceries are subject to 25% mandated inflation rate. Indeed…the sitting president said that groceries were the reason he won the election.
So why slap our friends like Canada and Mexico and France and…heck…the whole dang world?
But there is no reason this has to be true, right? We have some of the most fertile land in the world.
I would think it will result in higher prices, and demand will go down. Perhaps people change their diets to US products. Perhaps they plant a garden. Perhaps they start a hobby like hunting (which would be great considering the country is overrun by deer). Very few things are strictly “good” or “bad”; there will be tradeoffs, and we will have to see how it ends up.