The fed was late, but once they realized that they raised rates and inflation dropped as quickly as it went up. Powell had just about engineered the mythical soft landing until Trump came in and pulled the rug out from under him with the tariffs.
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Apple Supplier Forecasts Product Shortages in US Amid Tariff Chaos
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Correct.
This destruction is all about EXTREME narcissism where Trump refuses to have any single thing happening that's good ... that he doesn't get to take credit for.
Trump is one the worst human beings we've ever seen in public life.
An absolutely broken and horrendous human being.
Have you been to China lately?
Have you seen your adversary in their home ground?
China is anything but stupid.
To think so is really lulling yourself into a false sense of security you can ill afford.
And that goes for the rest of the world too.
The rest of the world however may find a way to work with China — and hopefully we will all use a much longer spoon than we have up until now.
But do not delude yourself. China is not stupid.
Like toilet paper—truly the most unsuspecting casualty of mass panic. A convenience product turned cultural symbol of crisis. Who knew stockpiling TP would be our generation’s version of building a bunker… and yeah, when that ran out, the front page really did come in handy!
Remember China Covid lockdowns? They were Alcatraz lockdown and a looong time. The Chinese people have much stronger endurance than Americans. Once those shelves get sparse then Americans will panic and hopefully impeach Trump.
It's informed speculation from a source in the middle of this situation.
i.e. It's credible
My understanding from Ben Shapiro's podcast the other day was that he had slipped a lot with independents. Makes sense to me. They voted for him over Cackles because of mostly economic reasons (border and immigration was second) and he clearly has screwed up.
Trump has this fixation with being a victim and the delusion that tariffs could replace the income tax. Personally, I'd love for him to get the income tax repealed, because I am at the stage of life where I don't face major purchases and could get a double benefit from a now tax free 401K withdrawal of pre-tax money. Of course, repealing the income tax and expecting tariff money to replace the revenue is a fool's bet.
Most I know are grumbling but somehow expect Trump to fix it all and dicc it sometime, we just need to 'give him a chance." They aren't dumb people, just have bought into Trump and hate Democrats.
If China decided to take a haircut and dump some bonds to disrupt the US bond market, the impact would be significant on US borrowing costs and the deficit; and Trump is afraid of the bond market tanking.
Grfters will grift. Got to hand it to him, he knows how to separate people from their money.
Gotta love some Comical Ali...
Plus a government that isn't worried about reelection, or elections at all.
Most I know are grumbling but somehow expect Trump to fix it all and dicc it sometime, we just need to 'give him a chance." They aren't dumb people, just have bought into Trump and hate Democrats.
If China decided to take a haircut and dump some bonds to disrupt the US bond market, the impact would be significant on US borrowing costs and the deficit; and Trump is afraid of the bond market tanking.
Grfters will grift. Got to hand it to him, he knows how to separate people from their money.
Gotta love some Comical Ali...
Plus a government that isn't worried about reelection, or elections at all.
Trump doesn’t have the cards. American shops are filled with Chinese made products. You can’t turn that around in a few months and tariffs just make everything more expensive for American consumers.
I suspect that a large section of his supporters knew that he was incompetant and an awful human being, but thought that he would enrich them personally via cutting regulation & taxes on their businesses (including owned equities) and cutting personal taxes. Whether he has maintained their support through all tarrif nonsense is still up in the air. At this stage, I'm not even sure that continuing the corporate tax cut would restore share prices to where they were (and if it's unfunded, it could even provoke another run o nthe US bond market).
Love the confidence that you’ll be having midterms. The Lump can postpone them in an ‘Emergency’
I know that the Republican Congressmen losing their seats isn’t an emergency but it will be enough not to oppose him calling one.
False.
Ok, so you are Trumper, but at least recognize that if you're going to attempt an argument at least lay it out reasonably.
There are more "rich" in the PRC in recent years than there were in Japan's heyday.
People, especially Americans, get lost when it comes to the scales of the world.
Japanese society reinforces a flattening of society, which means even poor Japanese get to share in a tiny bit of the wealth.
And trying to damn the PRC by appeals to "demographics" is silly because all modernized socieities in the world are below replacement rate. Only those areas still (so-called) developing have significant population growth.
120M is too many people for the Japanese islands to sustain.
1.2B is too many people for the PRC (and its conquered territories) to sustain.
1.3B+ is too many people for India to sustain, and if one throws in Pakistan and Bangladesh there are way too many people for south Asia to sustain.
And so on.
We're going to have to reckon with the new world of slow population decline in many parts of the world.
North America could hold some more people, but the xenophobes, who happen to be the same people supporting Trump's foolishness, don't want to accept people with too much melanin in their skin.
Trump-inspired tariff chaos, to be precise.
Just a tax increase. Gotta pay down that deficit somehow. If not this then it’s income taxes.
Neither Trump, nor the Federal government, have any part in state-held elections. He doesn't have any authority to postpone them.
They can literally flip him the bird and hold them anyway.
Don't worry, they'll eventually be complaning about fruit prices (or availability).
I'm not sure who they'll blame next.
Scapegoating and constantly playing the victim is right in the MAGA wheelhouse.
We're about as miserable as you'd expect. Cheeto-head has done nothing for us.
There will be midterms.
And make no mistake, if Trump runs for a 3rd term, he likely wouldn't make the ballot due to ineligibility. People couldn't vote for him and neither could the electoral college.
States run elections and send electors.
Trump voters of course knew he was a horrible human being but they blew that off because of one thing…..FEAR. Trump was going to deport everything and keep you safe! Especially your cats and dogs. Don the Con played the fear card masterfully.
Whether they will be fair or not is a whole different matter.
Russia has elections too.
States run their elections. I'm not particularly concerned. I would expect most of the swing states to go as expected.
Agreed, but Biden was a houseplant and he was surrounded by just as many idiots as Trump is. Janet Yellen lied to us and was too asleep to take action, plus Congress spent trillions like it's nothing. Trump should fire Navarro and Lutnick and do what Scott Bessent says and stay out of the economy.
Sure it is. Do you want the radicalness of the Democrats who are owned by their far-left populists who have their own bad economic and social policy positions or do you want the protectionist Trump and his allies who want to pretend it's 1952 and we're going to manufacture everything. We cannot be an autarky, it doesn't work that way.
They both suck, both are controlled by their populists who are out of touch with reality.