LIBERATION DAY: US economy now in reverse

[Mike Honcho 5,084]

1 minute ago, Strike said:

Holy Sh*t.  That's the funniest thing you've ever posted.  "How good things were going.". 

Everything I said was true and it's better than today.

This is the stock market’s worst start to a presidential term in modern history

[Hawkeye21 2,380]

1 minute ago, The Psychic Observer said:

The cope is strong with this one.

It's not a cope at all.  Nothing that's been happening is a surprise to me.  This is what I voted for.

[HellToupee 1,583]

1 minute ago, Mike Honcho said:

And this is why I just roll my eyes at you.  You ignore how good things were going and voted for Trump---and it wasn't overcoming your disdain, it's because he had an (R), that's it

You voted for a cabbage because he was a D in 2020. Things weren’t heading in the right direction . China through BRICS was threatening the petrodollar . This is the long game for both countries. Stand with China or the United States. We have to bring them to heel

[HellToupee 1,583]

400% , yes please. I’m not a fan of his schtick but he makes a lot of sense here

 

[jbycho 579]

Just now, Hawkeye21 said:

It's not a cope at all.  Nothing that's been happening is a surprise to me.  This is what I voted for.

This all just shows that they didn't pay any attention during pre election. They just looked at the D and R and voted D.

They are admitting they don't know what Trump ran on. 

[Strike 5,182]

2 minutes ago, Mike Honcho said:

Everything I said was true and it's better than today.

This is the stock market’s worst start to a presidential term in modern history

The stock market = the economy now?   Wow, you're being more of a simpleton than usual today.

[Hawkeye21 2,380]

I do enjoy the fact that I've had both the righties and lefties against me on this site over the years.  Makes me think I'm doing something right. 

[jbycho 579]

2 minutes ago, HellToupee said:

400% , yes please. I’m not a fan of his schtick but he makes a lot of sense here

 

His "schtick" is only done for a TV show called Shark Tank. Ratings.

This guy is sharp in business. 

[jbycho 579]

1 minute ago, Hawkeye21 said:

I do enjoy the fact that I've had both the righties and lefties against me on this site over the years.  Makes me think I'm doing something right. 

Well, sometimes you are right and sometimes you are wrong. 50% isn't that great of an average though.

[Hawkeye21 2,380]

Just now, jbycho said:

Well, sometimes you are right and sometimes you are wrong. 50% isn't that great of an average though.

The truth is always somewhere in between.

[Horseman 2,353]

8 minutes ago, HellToupee said:

400% , yes please. I’m not a fan of his schtick but he makes a lot of sense here

 

Mr. Wonderful is an ALPHA.

 

[Horseman 2,353]

2 minutes ago, Hawkeye21 said:

The truth is always somewhere in between.

No. I say 2+2=4 and you say 2+2=5 I am right and you are wrong.  There is no in between.

[The Psychic Observer 495]

12 minutes ago, Strike said:

The stock market = the economy now?   Wow, you're being more of a simpleton than usual today.

Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil

https://www.cnbc.com/2025/04/09/jamie-dimon-says-a-recession-is-likely-outcome-from-trumps-tariff-turmoil.html

[Sean Mooney 1,935]

20 minutes ago, Hawkeye21 said:

I disagree.  Our debt was continuing to climb.  Our country has been moving further and further to the left culturally.  I'm tired of the woke culture.  I'm tired of the overspending.  I'm tired of seeing companies move out of the country.

I think people have had a false sense of security.

The bolded part has nothing to do with the economy.

I can understand someone voting for Trump because they are tired of woke culture. I can understand someone voting for Trump because of their perception of the economy, or inflation, or anything else economically.

But don't say "The Dems didn't have a plan" and talk about the economy as your reason in voting for Trump and then throw in the bolded part. 

[Hawkeye21 2,380]

1 minute ago, Horseman said:

No. I say 2+2=4 and you say 2+2=5 I am right and you are wrong.  There is no in between.

I don't make up facts here.  Opinions are different than facts.

[Beaker15 233]

47 minutes ago, The Real timschochet said:

104% tax on all items imported from China. 84% tax on all items imported to China. 
We’re talking about 500 billion dollars of trade a year between our two countries. 

Short term interest rates are spiking as investors are dumping their treasury bonds. Now nearly every economist is predicting a recession, whereas nobody predicted one a month ago. Oil prices are going down, but that’s hardly a good sign: it means recession. 

This simply isn't true.  There are many economists that believe we avoid a recession.   Stop the hyperbole.

[Sean Mooney 1,935]

7 minutes ago, Hawkeye21 said:

The truth is always somewhere in between.

When the poles here are real tim and utilit99 there is a lot of middle though. 

[Strike 5,182]

1 minute ago, The Psychic Observer said:

Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil

https://www.cnbc.com/2025/04/09/jamie-dimon-says-a-recession-is-likely-outcome-from-trumps-tariff-turmoil.html

Your own article says he is a supporter of tariffs!!!  And he says he's being calm and encouraging us to make trade deals.  WTF do you and the other Nancies think Trump is trying to do?  FFS give it more than 5 business days before you start crying.

[Strike 5,182]

2 minutes ago, Beaker15 said:

This simply isn't true.  There are many economists that believe we avoid a recession.   Stop the hyperbole.

No, that's Tim.  He personally knows EVERY economist and is empowered to speak for all of them.

[SaintsInDome2006 374]

Tell you this much, price of coffee is up.

[Horseman 2,353]

1 minute ago, Hawkeye21 said:

I don't make up facts here.  Opinions are different than facts.

To label something a "truth" it has to be a fact.  You said the "truth" is always somewhere in between.  It's entirely possible that one of us starts out with the truth, thus my example.

 

[Strike 5,182]

8 minutes ago, SaintsInDome2006 said:

Tell you this much, price of coffee is up.

Good thing I don't drink coffee!!!

[The Psychic Observer 495]

15 minutes ago, Strike said:

Your own article says he is a supporter of tariffs!!!  And he says he's being calm and encouraging us to make trade deals.  WTF do you and the other Nancies think Trump is trying to do?  FFS give it more than 5 business days before you start crying.

You can be a supporter of tariffs yet realize that what Trump is doing is absurdly stupid bordering on psychotically evil.

How many more days of economic collapse do you want to give this before you admit it?

[Horseman 2,353]

PSYCHOTICALLY EVIL

[HellToupee 1,583]

Crashing the economy was totally fine when boomers thought they were going to die from a 99.7% survivable virus that didn’t affect young people.
@Anc_Aesthetics

 

but we sold a lot of vaccines for pharma

[Hawkeye21 2,380]

22 minutes ago, Sean Mooney said:

When the poles here are real tim and utilit99 there is a lot of middle though. 

Fair point.

[Horseman 2,353]

4 minutes ago, HellToupee said:

Crashing the economy was totally fine when boomers thought they were going to die from a 99.7% survivable virus that didn’t affect young people.
@Anc_Aesthetics

 

but we sold a lot of vaccines for pharma

Good point. 

China > China Virus 

[Strike 5,182]

6 minutes ago, The Psychic Observer said:

You can be a supporter of tariffs yet realize that what Trump is doing is absurdly stupid bordering on psychotically evil.

How many more days of economic collapse do you want to give this before you admit it?

The market goes up and down.  As I type this the DJIA is up.  As soon as some deals start being reached the market will react accordingly.  Like your boy in the article, I'll keep my calm.  You should too

[Engorgeous George 2,121]

I was alive when only Nixon could go to China.  Now, amybe I will live through Only Trump could stop trade woith China.

 

Yesterday I took note of the vehicles on my block.  Ten homes, 35 vehicles, a remarkable 3.5 vehicles per home.  More than one vehicle per person.  What interested me was that out of the 35 there was one Ford and one Dodge.  There were multiple BMW's, Audi's and Mercedes.  Plenty of Toyotas and Lexis'.  A few Hyundais.  No Hondas which surprised me. Two Nissans.  I guess my block is a microcosm of our trade imbalance.  I am part of the problem if it is a problem.  Ten years ago my driveway had two Fords and a Dodge, today, a Nissan and two Hyundais   

[Frozenbeernuts 2,112]

We will see a relatively quick turn around. Trump's plan will work. This won't be drawn out. The debt circumstance will force everyone to work it out. The entire world wants American consumer dollars. They will not give up that access.

[Hawkeye21 2,380]

10 minutes ago, HellToupee said:

Crashing the economy was totally fine when boomers thought they were going to die from a 99.7% survivable virus that didn’t affect young people.
@Anc_Aesthetics

 

but we sold a lot of vaccines for pharma

What's crazy is now clinics won't even test for covid anymore.  The whole thing was such a joke.

[Engorgeous George 2,121]

32 minutes ago, The Psychic Observer said:

You can be a supporter of tariffs yet realize that what Trump is doing is absurdly stupid bordering on psychotically evil.

How many more days of economic collapse do you want to give this before you admit it?

Days.  That is the problem right there.  With the 24 hour news cycle folks want instant results.  We are not going to see this establish a new stasis for months if not maybe two years.  Still, if we have found the bottom of the markets I can wait maybe up to 90 days to see if new trade deals are being struck. 

[The Psychic Observer 495]

7 minutes ago, Strike said:

The market goes up and down.  As I type this the DJIA is up.  As soon as some deals start being reached the market will react accordingly.  Like your boy in the article, I'll keep my calm.  You should too

It's more than just the market.  The market is the indictor that this is a bad idea.  The financial and economic community consensus is that this is bad for the global economy.

[Strike 5,182]

2 minutes ago, The Psychic Observer said:

It's more than just the market.  The market is the indictor that this is a bad idea.  The financial and economic community consensus is that this is bad for the global economy.

I have it on good authority that the price of coffee is going up!

[The Real timschochet 6,391]

4 minutes ago, Hawkeye21 said:

What's crazy is now clinics won't even test for covid anymore.  The whole thing was such a joke.

It wasn’t. Millions died. We had no choice but to shut things down. Thankfully we developed a vaccine quickly (Trump deserves some of the credit for that) and recovered. But then many people refused to take the vaccine and thousands more died. 
Thats what happened. Anything else is historical revisionism. 

[SaintsInDome2006 374]

27 minutes ago, Strike said:

Good thing I don't drink coffee!!!

Ha yeah. But it'll hit every product across the board. Cigars, brandy, champagne, nerf guns, shampoo, beans, power tools, tires, 2x4's, gas grills, shoes, whatever, wherever, we're all getting taxed. But the GOP is now the pro-tax party, because they've been told to be.

[The Real timschochet 6,391]

7 minutes ago, Engorgeous George said:

Days.  That is the problem right there.  With the 24 hour news cycle folks want instant results.  We are not going to see this establish a new stasis for months if not maybe two years.  Still, if we hahahahahahahahahave found tthe bottom of the mrkets i can wait maybe up to 90 days to see if new trade deals are being struck. 

This is is a good point. But you and @Strike and many others continue to assume that the ultimate result of these actions will be trade deals in which tariffs are lower than they are now. I hope you’re right about this. But it flies in this face of Trump’s repeated statements that he is doing this not to bring about better trade deals but instead to return manufacturing back to the USA. 
 

It also doesn’t solve China. If these tariffs hold up we are basically cutting off trade with China. Bad for them for sure but also very bad for us. There is no way our economy won’t be severely hurt by that no matter what other trade deals are achieved. 

[Horseman 2,353]

2 minutes ago, SaintsInDome2006 said:

Ha yeah. But it'll hit every product across the board. Cigars, brandy, champagne, nerf guns, shampoo, beans, power tools, tires, 2x4's, gas grills, shoes, whatever, wherever, we're all getting taxed. But the GOP is now the pro-tax party, because they've been told to be.

Dont worry tax breaks for the rich during budget reconciliation will even things out. 

[The Psychic Observer 495]

4 minutes ago, The Real timschochet said:

This is is a good point. But you and @Strike and many others continue to assume that the ultimate result of these actions will be trade deals in which tariffs are lower than they are now. I hope you’re right about this. But it flies in this face of Trump’s repeated statements that he is doing this not to bring about better trade deals but instead to return manufacturing back to the USA. 
 

It also doesn’t solve China. If these tariffs hold up we are basically cutting off trade with China. Bad for them for sure but also very bad for us. There is no way our economy won’t be severely hurt by that no matter what other trade deals are achieved. 

We don't know what the endgame is because he changes it every day.  Bring back jobs, no trade deficits, lower tariffs, etc

[Engorgeous George 2,121]

9 minutes ago, The Real timschochet said:

This is is a good point. But you and @Strike and many others continue to assume that the ultimate result of these actions will be trade deals in which tariffs are lower than they are now. I hope you’re right about this. But it flies in this face of Trump’s repeated statements that he is doing this not to bring about better trade deals but instead to return manufacturing back to the USA. 
 

It also doesn’t solve China. If these tariffs hold up we are basically cutting off trade with China. Bad for them for sure but also very bad for us. There is no way our economy won’t be severely hurt by that no matter what other trade deals are achieved. 

China has resisted being the market for us we had once hoped it would be.  We have been an ideal market for them.  If trade with China is stymied long term I suspect other countries will begin manufacturing cheap crap for us to buy.  I know I use to get my cheap crap from Japan, in fact it was a national meme before we had an expression such as meme. Tthen the origin of cheap crap moved to China.  We already see it moving again to Viet Nam, Korea, Cambodia, and elsewhere.  Eventually it may move again, to Africa or South America, I'm guessing Africa since it is a wholly owned subsidiary of China and China is teaching them the ways of the modern world..