Trump's Second Term

[Norman Alexander]

Trump and Truss share not only the first three letters of their names. They also share an uncanny ability to rock the boat until it sinks.

 

[Andy_Ross]

Agriculture Secretary Brooke Rollins next to a ticker showing the Dow down 1,200 points: "We are really, really excited, and very grateful for President Trump's leadership."

https://twitter.com/x/status/1907797285297099089

 

[TragicMonkey]

OMFG, someone's figured out where Trump got his claimed (but entirely fictional) Tariff rates other countries supposedly apply to the US, it's the ratio of trade deficit to imports!

BluesSky Thread

It gets worse: it really looks like someone used ChatGPT to figure out the "policy".

 

[Andy_Ross]

Dow on −1,537.45 (3.64%) and it hasn't been open an hour yet.

 

[P.J. Denyer]

The Dow Jones opened down about 1200 points and presently is down -1,262.93 (-2.99%) today. S&P 500 down -188.89 (‎-3.33%). NASDAQ down -804.93 (‎-4.57%). WHEEEEEE!!!!

View attachment 59781

Well, his supporters did want him to run the US economy like he ran his businesses.

 

[ponderingturtle]

Economics drives a lot of behavior that looks insane on first glance.

I realized this first in history class when an illustrated map showed how it was actually cheaper back in the old days for people to grow cotton in India, ship it to England to be spun, then ship the fabric back to India than to do it all there. That looks really crazy on a map.

Also because it was illegal to spin and make fabric in India under British rule. It was about keeping the developed industry in the right country and having a deliberate market, not efficiency.

 

[shemp]

Well, his supporters did want him to run the US economy like he ran his businesses.

And he's doing a fine job of it!

 

[Darat]

Well, his supporters did want him to run the US economy like he ran his businesses.

I think we all should be getting ready to buy the USA for pennies to the dollar in the bankruptcy sale!

 

[Darat]

Agriculture Secretary Brooke Rollins next to a ticker showing the Dow down 1,200 points: "We are really, really excited, and very grateful for President Trump's leadership."

...snip...

Now we are into negotiating? With who(m) and for what?

 

[P.J. Denyer]

I think we all should be getting ready to buy the USA for pennies to the dollar in the bankruptcy sale!

All their trading partners need to get stiffed first.

 

[shemp]

I think we all should be getting ready to buy the USA for pennies to the dollar in the bankruptcy sale!

No no no! This is just a "market correction"! In two weeks, everything will be wonderful!

 

[P.J. Denyer]

On the bright side for American Exports, soon the dollar will be so low that even if other countries slap retaliatory tariffs on, American products will still be the cheapest in the stores!

 

[shemp]

We still have a long way to go before we match the one-day drop in the Dow of −12.82 on October 28, 1929, but if we put a lot of thoughts and prayers into it, we can do it!

 

[alfaniner]

I think we all should be getting ready to buy the USA for pennies to the dollar in the bankruptcy sale!

Maybe that's why he got rid of the penny. He's expecting to make other countries mint and distribute them to us!

 

[TellyKNeasuss]

275,000 layoffs in the USA in March, the 3rd largest number in a month since 1989 - the only months that were higher were April and May of 2020 when the pandemic was causing massive layoffs.

DOGE-related layoffs have topped 280,000 - WTOP News

A closely watched monthly report on layoff announcements in the U.S. puts a staggering number on federal government agency cuts.

wtop.com

I'm starting to get tired of all this winning.

 

[newyorkguy]

I'm starting to get tired of all this winning.

trump warned everyone we'd get tired of all the winning. Michael Kosta on the Daily Show summed it up nicely.

“The second Trump administration is off to a roaring start,” correspondent Michael Kosta snarked, then quickly added: “If you don’t count the economy, inflation, rampant corruption, cyberbullying of allied nations, and we’re all gonna die of measles.” Yahoo News UK article link

 

[Mike!]

We were looking at new Subaru's recently, knowing the possibility prices could be going up soon. I got an email from the dealership this morning letting me know the price of the one we were looking at just went up 6.86%. I let them know we won't be making any major purchases for a while.

 

[Tero]

Jobs leaping tomorrow! Apply now! Globalism ended, Make America...


Lutnick on CBS: "You're going to see employment leaping starting today."

Aaron Rupar (@aaron.rupar) on Threads

Lutnick on CBS: "You're going to see employment leaping starting today."

www.threads.net

 

[Andy_Ross]

Poor Boy!

Eric Trump
@EricTrump
I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump. The first to negotiate will win - the last will absolutely lose. I have seen this movie my entire life…

 

[Jack by the hedge]

I think we all should be getting ready to buy the USA for pennies to the dollar in the bankruptcy sale!

If anyone is going to exploit opportunities to step in and buy US assets on the cheap then it's going to be someone with lots of spare cash. Someone with lots of cash because they've been manufacturing for much the world for 20+ years. China.