Nothing he has done to the economy so far is irreversible
Markets can bounce back. The dollar can rebound. Consumer confidence can return.
But he has to declare victory and stop these stupid policies now. This week.
If he does that, we’ll be OK.
If not - and if the bond market starts heaving - we are looking at a real bad stretch.
Replies to: Nothing he has done to the economy so far is irreversible
Still waiting to see which poster will be first one to regret voting for Trump.
(no message)
Link: https://www.washingtonpost.com/climate-environment/2025/04/22/trump-tariffs-imf-global-economy/
When he proves to be right will you admit it.
Answer without lying.
You can’t even recognize gross incompetence
(no message)
Of course. Please prompt us when Trump proves "right" about anything.
(no message)
And the queen of drive by posts chimes in
(no message)
No one will wish they had voted for Kamala.
But a lot of people will wish there was a better candidate.
Oh, yes they will.
(no message)
A few. Most are just true cultists that will never admit their mistake.
(no message)
Are you kidding? Remember her proposal to tax unrealized gains? She is the ultimate dip.
(no message)
No they won’t.
(no message)
The elephant in the room is the debt, it must be dealt with.
(no message)
Zero to do with Trump's unforced destabilization of economy and financial markets.
Everyone agrees that US deficit and debt needs to be addressed.
Reasonable minds disagree on how to best accomplish that objective.
No reasonable mind believes that Trump's shenanigans over his first 100 days are helpful. Quite the contrary.
Global loss of confidence in US financial markets and US economy does not tame the "elephant in the room."
Most Americans don't care about the stock market.
The top 10% own 93% of stocks. 38% of Americans don't one any stocks at all. The nearly singular focus on the stock market is a part of the problem.
The stock market has effects on consumer spending
When it crashes, people think twice before buying things. Or expanding their business.
It is a leading indicator. When it crashes, a recession follows.
It is not too late to reverse this.
I bet yacht sales are way down.
(no message)
Dig, Dummy, dig!
(no message)
You don't think yacht sales are down?
(no message)
This is all going to make the debt worse. You know that, right?
(no message)
Everything that has been done over the last 25 years has made the debt worse.
It's approaching critical mass upon which no amount of austerity or tax increases will save us, we will have to take drastic measures.
Agreed. But keep in mind that there have been doomsayers....
....predicting catastrophe for 30+ years now.
We need to get it under control. The first step is to balance the budget.
There are no magic shortcuts. Cut spending, raise taxes.
Those predictions are coming true, $1T every 100 days.
By the day we are losing the ability to solve the problem.
That's nonsense. We created the problem, we can solve it.
(no message)
Ha!
(no message)
That would be the cure. Reckless spending and reckless tax cuts are though a hallmark of Trumpism.
(no message)
Agreed. Even worse, Chris brought up a point yesterday about other countries.
Amazingly, there are quite a few in even worse shape than us on an annual and total basis relative to their G.D.P. That is scary.
I think this goes on a while - Powell is still inflation focused
We have a buy target of 33.5k, so expect that’s around bottom and where Powell cuts rates.
Problem is the squelched demand is artificial and the second either tariffs are lifted or rates get cut the market will go through the roof. Powell knows that.
But, as you point out, the debt is the driver.
Or when multiple trade deals are consummated
(no message)
Agree
(no message)
The market will explode…no doubt we will recover by mid-year
(no message)
Yes, India may be happening.
(no message)