Hardcore troubadour 14,903 Posted April 14 On 4/9/2025 at 11:23 AM, squistion said: With Trump appearing to send the US economy over a cliff with his tariffs, it seems not a question of if, but when there will be a recession. In this thread we can discuss the events leading up to this and the consequences once it hits. Hope I am wrong on this but I kinda doubt it. https://x.com/kylegriffin1/status/1909984660974690757 JPMorgan Chase CEO Jamie Dimon says on Fox Business the U.S. economy is likely headed for a recession as a result of Trump’s tariffs. Can you tell us when The last time he said that was? Doh! Share this post Link to post Share on other sites
Mike Hunt 261 Posted April 14 On 4/9/2025 at 11:40 AM, The Real timschochet said: To answer your question, I think it will be far worse. Of course I hope I’m wrong. Given your track record you will be. 1 Share this post Link to post Share on other sites
Mike Hunt 261 Posted April 14 On 4/9/2025 at 11:23 AM, squistion said: With Trump appearing to send the US economy over a cliff with his tariffs, it seems not a question of if, but when there will be a recession. In this thread we can discuss the events leading up to this and the consequences once it hits. Hope I am wrong on this but I kinda doubt it. https://x.com/kylegriffin1/status/1909984660974690757 JPMorgan Chase CEO Jamie Dimon says on Fox Business the U.S. economy is likely headed for a recession as a result of Trump’s tariffs. A Recession has been predicted for the last 2 years. I know you were worried about the price of eggs. 2.99 a dozen yesterday, 2.65 a gallon for gas. Share this post Link to post Share on other sites
jbycho 577 Posted April 14 1 minute ago, Mike Hunt said: Given your track record you will be. Does that guy EVER get anything right? I swear, if he said Trump was doing a good job, I might actually be worried. Share this post Link to post Share on other sites
jbycho 577 Posted April 14 1 minute ago, Mike Hunt said: A Recession has been predicted for the last 2 years. I know you were worried about the price of eggs. 2.99 a dozen yesterday, 2.65 a gallon for gas. But the cost of Fritos is outrageous!! Share this post Link to post Share on other sites
Hardcore troubadour 14,903 Posted April 14 Inverse Gutterboy in play. Share this post Link to post Share on other sites
squistion 1,940 Posted April 14 3 hours ago, Mike Hunt said: A Recession has been predicted for the last 2 years. I know you were worried about the price of eggs. 2.99 a dozen yesterday, 2.65 a gallon for gas. But it didn't happen under Biden, did it? Bought some eggs on 4/9 at Vons/Albertson, one dozen Egglands Best at $7.99 (think that is higher than when Trump took office, but can't remember exact price then). Share this post Link to post Share on other sites
TheNewGirl 1,339 Posted April 14 $9.99 for eggs at the store I shop at. $4.85 for regular gas, the premium gas is nearly $5.20. Share this post Link to post Share on other sites
Mike Hunt 261 Posted April 14 5 minutes ago, squistion said: But it didn't happen under Biden, did it? Bought some eggs on 4/9 at Vons/Albertson, one dozen Egglands Best at $7.99 (think that is higher than when Trump took office, but can't remember exact price then). Why do you think the price of eggs went up? Share this post Link to post Share on other sites
squistion 1,940 Posted April 14 2 minutes ago, Mike Hunt said: Why do you think the price of eggs went up? The price of eggs went up under Biden because of (IIRC) the bird flu or some avian virus that attacked the egg laying chickens (but not the roasting ones). Share this post Link to post Share on other sites
Hardcore troubadour 14,903 Posted April 14 8 minutes ago, squistion said: The price of eggs went up under Biden because of (IIRC) the bird flu or some avian virus that attacked the egg laying chickens (but not the roasting ones). But not the Mexican chickens. Share this post Link to post Share on other sites
The Psychic Observer 494 Posted April 21 Trucking traffic across the US is set to plummet with shipping from China being halted. Truckers about to find out after supporting Trump. https://www.dailykos.com/stories/2025/4/19/2317286/-Another-week-another-batch-of-MAGA-faithful-finding-out-the-hard-way The Trump recession is going to be painful for many of his supporters. 1 Share this post Link to post Share on other sites
Grace Under Pressure 69 Posted April 21 Another garbage day in the markets because of an idiot singlehandedly tanking the economy. Great job Trump. Really making America great again. 1 Share this post Link to post Share on other sites
The Psychic Observer 494 Posted April 21 1 minute ago, Grace Under Pressure said: Another garbage day in the markets because of an idiot singlehandedly tanking the economy. Great job Trump. Really making America great again. This is what happens when you elect an 80 year old baby with a severe personality disorder and give him unlimited power. 1 1 Share this post Link to post Share on other sites
Engorgeous George 2,117 Posted April 21 On 4/14/2025 at 1:16 PM, Mike Hunt said: Why do you think the price of eggs went up? The chickens unionized. Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 21 Trump calls Jerome Power a loser and demands he lowers interest rates. Seems to me Trump is looking for a scapegoat. Share this post Link to post Share on other sites
jbycho 577 Posted April 21 Liberals are really hurting. Non stop whining from them. They are miserable in life and it shows. This is awesome. 1 1 Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 21 3 minutes ago, jbycho said: Liberals are really hurting. Non stop whining from them. They are miserable in life and it shows. This is awesome. Yep the Dow is dropping again this morning. 900 points already. They say it’s a combination of the tariffs and Jerome Powell bashing but you and I know it’s just liberals whining right? So awesome. 1 Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 22 Yesterday executives from Target, Home Depot and Walmart met with Trump: https://www.cnbc.com/video/2025/04/21/trump-meets-with-executives-from-walmart-target-and-home-depot.html I’m guessing they begged him to rescind the tariffs. But the damage is already done…. It is simply amazing that Trump took over such a strong economy and has all by himself run it into the ground. All he had to do was do nothing, go play golf. He did the same years ago with his casinos so I really shouldn’t be surprised, I guess. What a disaster. 2 1 2 Share this post Link to post Share on other sites
Tebok 281 Posted April 22 Trump following his hero Hitler's tariff spree. https://www.theatlantic.com/ideas/archive/2025/04/nazi-germany-tariffs-trade/682521/ Share this post Link to post Share on other sites
Beaker15 233 Posted April 22 1 hour ago, The Real timschochet said: Yesterday executives from Target, Home Depot and Walmart met with Trump: https://www.cnbc.com/video/2025/04/21/trump-meets-with-executives-from-walmart-target-and-home-depot.html I’m guessing they begged him to rescind the tariffs. But the damage is already done…. It is simply amazing that Trump took over such a strong economy and has all by himself run it into the ground. All he had to do was do nothing, go play golf. He did the same years ago with his casinos so I really shouldn’t be surprised, I guess. What a disaster. Poor Timmy crying about tariffs again. Never gets old. Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 22 3 minutes ago, Beaker15 said: Poor Timmy crying about tariffs again. Never gets old. Yeah it’s just me. It’s not like the entire world is pissed off or anything. 1 1 Share this post Link to post Share on other sites
Beaker15 233 Posted April 22 18 minutes ago, The Real timschochet said: Yeah it’s just me. It’s not like the entire world is pissed off or anything. Countries are upset that we have a strong leader who is finally looking out for America on trade. Good times ahead and we will be much better off as a country when trade deals get done. Relax. 1 2 Share this post Link to post Share on other sites
Grace Under Pressure 69 Posted April 22 2 minutes ago, Beaker15 said: Countries are upset that we have a strong leader who is finally looking out for America on trade. Good times ahead and we will be much better off as a country when trade deals get done. Relax. If the US actually gets measurably better trade agreements with major counties/blocs (talking China, Europe, Canada, Mexico, Japan, South Korea sized economies here), and the S&P 500 recovers to a measurable gain in 2025, I will say it was worth it, but will still disagree with the approach. We are currently trending in the opposite direction on both counts. If we wanted better trade agreements, he should have just negotiated them. WTF. A lot of the deals we had in place were from Trump's first term. Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 22 29 minutes ago, Beaker15 said: Countries are upset that we have a strong leader who is finally looking out for America on trade. Good times ahead and we will be much better off as a country when trade deals get done. Relax. We don’t have a strong leader. I wish we did. Share this post Link to post Share on other sites
Grace Under Pressure 69 Posted April 22 11 minutes ago, The Real timschochet said: We don’t have a strong leader. I wish we did. People mistake bluster and "tough talk" for strength with this guy. Trump is a weak man's version of a strong man. 1 Share this post Link to post Share on other sites
Beaker15 233 Posted April 22 1 hour ago, Grace Under Pressure said: If the US actually gets measurably better trade agreements with major counties/blocs (talking China, Europe, Canada, Mexico, Japan, South Korea sized economies here), and the S&P 500 recovers to a measurable gain in 2025, I will say it was worth it, but will still disagree with the approach. We are currently trending in the opposite direction on both counts. If we wanted better trade agreements, he should have just negotiated them. WTF. A lot of the deals we had in place were from Trump's first term. Put me in the camp that we get measurable better trade deals and that the S&P 500 finishes positive in 2025. I agree with you in that I think he could of approached this more tactfully. 1 Share this post Link to post Share on other sites
Beaker15 233 Posted April 22 1 hour ago, The Real timschochet said: We don’t have a strong leader. I wish we did. If we avoid a recession, get some substantially better trade deals, and market recovers to be positive in 2025 will you admit Trump is a strong leader. Nevermind. I know the answer. OMB no matter what lol. 1 Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 22 16 minutes ago, Beaker15 said: If we avoid a recession, get some substantially better trade deals, and market recovers to be positive in 2025 will you admit Trump is a strong leader. Nevermind. I know the answer. OMB no matter what lol. To answer your question no. But if all that happens (and I hope it does) I will regard Trump as a successful President and say so. Share this post Link to post Share on other sites
Grace Under Pressure 69 Posted April 22 1 hour ago, The Real timschochet said: But if all that happens (and I hope it does) I will regard Trump as a successful President and say so. I will say he's successful and probably vote for the Republican in my Congressional District if this happens. I'm not wild about the approach, but I'll be honest about the outcome. Share this post Link to post Share on other sites
Mike Hunt 261 Posted April 23 On 4/21/2025 at 11:13 AM, The Real timschochet said: Yep the Dow is dropping again this morning. 900 points already. They say it’s a combination of the tariffs and Jerome Powell bashing but you and I know it’s just liberals whining right? So awesome. Unless you are Squids age the market is the long game. Did you post it went up over 1000 today? Investing takes patience. Market dropped over 8000 in 2022 and then came back. Right now, it is a roller coaster for sure but stay the course. Share this post Link to post Share on other sites
Hardcore troubadour 14,903 Posted April 23 Los Angeles laying of 1600 workers. City has an 800 million dollar deficit. Guess who Karen Bass blames? She’s looking for a bailout from the state. Can the state afford it? They poo in the streets in San Fran. Share this post Link to post Share on other sites
The Real timschochet 6,388 Posted April 23 4 hours ago, Mike Hunt said: Unless you are Squids age the market is the long game. Did you post it went up over 1000 today? Investing takes patience. Market dropped over 8000 in 2022 and then came back. Right now, it is a roller coaster for sure but stay the course. The only reason the market went up today is because Trump’s main economic guy admitted that the tariffs on China were unsustainable so the hope is now that Trump will retreat from his terrible policies. Trump also admitted this evening that it was all a bluff, he has no intention of firing Jerome Powell, so I expect the market to rise tomorrow too. Are you noticing a pattern here? Every time Trump goes through with his plans the market crashes. Everytime he surrenders, the market goes back up. What does that tell you? Trump has been a complete disaster for our economy and it’s only been a few months. He was terrible last time but he’s been far far worse this time. And investors know it. 2 2 Share this post Link to post Share on other sites
The Psychic Observer 494 Posted April 23 Trump could completely cave tomorrow and drop all tariffs but the damage has been done. Supply chains have been cracked, consumers stopped spending, jobs have been lost. The degree of the recession depends on how far trump pushes his trade war. Share this post Link to post Share on other sites
TBayXXXVII 2,480 Posted April 23 51 minutes ago, The Psychic Observer said: Supply chains have been cracked... And so have people like you. 1 Share this post Link to post Share on other sites
TBayXXXVII 2,480 Posted April 23 4 hours ago, The Real timschochet said: The only reason the market went up today is because Trump’s main economic guy admitted that the tariffs on China were unsustainable so the hope is now that Trump will retreat from his terrible policies. Trump also admitted this evening that it was all a bluff, he has no intention of firing Jerome Powell, so I expect the market to rise tomorrow too. Are you noticing a pattern here? Every time Trump goes through with his plans the market crashes. Everytime he surrenders, the market goes back up. What does that tell you? Trump has been a complete disaster for our economy and it’s only been a few months. He was terrible last time but he’s been far far worse this time. And investors know it. Share this post Link to post Share on other sites
Horseman 2,352 Posted April 23 2 hours ago, The Psychic Observer said: Trump could completely cave tomorrow and drop all tariffs but the damage has been done. Supply chains have been cracked, consumers stopped spending, jobs have been lost. The degree of the recession depends on how far trump pushes his trade war. How are the supply chains, spending and jobs compared to covid? We recovered in a blink. What is the outlook for today, you're already missing it sitting in cash. Share this post Link to post Share on other sites
The Psychic Observer 494 Posted April 23 4 minutes ago, Horseman said: How are the supply chains, spending and jobs compared to covid? We recovered in a blink. What is the outlook for today, you're already missing it sitting in cash. Right now it's very small compared to covid but every day that goes by where trading with China is stopped it gets worse. Even idiots know this. The outlook for today looks good unless Trump says something stupid. I am not the one sitting in cash, that would be you Mr "Flush with cash" Share this post Link to post Share on other sites
SaintsInDome2006 373 Posted April 23 17 minutes ago, Horseman said: How are the supply chains, spending and jobs compared to covid? We recovered in a blink. You don’t have to believe PO. Just know that Trump believed the big box retail CEOs who paid him a visit. Share this post Link to post Share on other sites
