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WTF happened to the WTF happened to the WTF happened with Trump today thread?

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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4305 on: April 02, 2025, 10:08:43 AM »
Quote from: Custard on April 02, 2025, 06:35:00 AM
Weird thing to complain about

Weird to complain about a feckless President?
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alum74

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4306 on: April 02, 2025, 10:28:58 AM »
“Liberation Day” (for all who celebrate) has been pushed back to 4 pm ET.  I guess this will give investors more time to short their stocks.  Plus, it gives the administration a few more hours to come up with a plan. 
« Last Edit: April 02, 2025, 10:35:35 AM by alum74 »
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4307 on: April 02, 2025, 11:06:46 AM »
Quote from: alum74 on April 02, 2025, 10:28:58 AM
“Liberation Day” (for all who celebrate) has been pushed back to 4 pm ET.  I guess this will give investors more time to short their stocks.  Plus, it gives the administration a few more hours to come up with a plan.

They are gonna go long. Trump will announce a "last second deal" where other countries made some sort of nebulous concessions. Note it's timed after market close
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alum74

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4308 on: April 02, 2025, 02:03:56 PM »
Quote from: murphstahoe on April 02, 2025, 11:06:46 AM
Trump will announce a "last second deal" where other countries made some sort of nebulous concessions.

Hard to argue with that.  It aligns with the usual Trump pattern:
(1) Create crisis by doing something stupid;
(2) Reverse course so things return to normal;
(3) Declare crisis solved;
(4) MAGAworld celebrates.


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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4309 on: April 02, 2025, 09:19:33 PM »
New GDP forecasts for the next quarter...

Between +.3 and -3.7%

This dude fucked us in zero time.
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ThePAMan

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4310 on: April 02, 2025, 10:55:27 PM »
Quote from: murphstahoe on April 02, 2025, 09:19:33 PM
New GDP forecasts for the next quarter...

Between +.3 and -3.7%

This dude fucked us in zero time.

But just imagine the buying opportunities they are engaging in
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4311 on: April 02, 2025, 10:59:58 PM »
Did you guys think that trying to reverse the unsustainable house of cards false economy built on printed money for bullshit purposes was going to be painless?
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4312 on: April 02, 2025, 11:44:07 PM »
Quote from: Custard on April 02, 2025, 10:59:58 PM
Did you guys think that trying to reverse the unsustainable house of cards false economy built on printed money for bullshit purposes was going to be painless?

Since you knew it was going to be painful, we can presume you went short the market on Jan 20?
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ThePAMan

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4313 on: April 03, 2025, 07:30:43 AM »
That alleged uninhabited island he put tariffs on is going to pay!
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4314 on: April 03, 2025, 09:23:11 AM »
Quote from: murphstahoe on April 02, 2025, 11:44:07 PM
Since you knew it was going to be painful, we can presume you went short the market on Jan 20?

He’s been telling you what he was going to do got how many months now? And what happens every time tariffs are announced? Don’t have to be a Mensa to figure this one out murph. Don’t forget to buy at the low!
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illiniray

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4315 on: April 03, 2025, 09:46:09 AM »
Congress needs to take back the power to impose tariffs.

Quote
Until those laws change—or enough Republicans are willing to oppose Trump openly—the president's tariff agenda will likely continue unchecked. As Slate's Jim Newell wrote, "The House chamber actually passed a rule... that would prevent Democrats from forcing a vote on terminating the national emergency. That means... it would have to be Republican leaders' decision. And Speaker Mike Johnson is effectively an employee of Donald Trump's."
https://www.newsweek.com/donald-trump-tariffs-congress-senate-stop-vote-2054671
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illiniray

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4316 on: April 03, 2025, 10:01:06 AM »
Quote
Several economists told Barron’s on Wednesday night that they expect the increases will spur stagflation—a toxic combination of weak growth and high inflation—in the U.S. That could make it difficult for Federal Reserve officials to address weak growth with the usual medicine of cutting interest rates, lest that make inflation worse.
https://www.barrons.com/articles/trump-tariffs-stagflation-economy-41b20ad5
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4317 on: April 03, 2025, 10:50:38 AM »
Quote from: illiniray on April 03, 2025, 10:01:06 AM
https://www.barrons.com/articles/trump-tariffs-stagflation-economy-41b20ad5

In a mostly fear porn article, they managed to slip this in there, which should make Murph happy, I would think.

Quote
The latest tariff increases would raise just under $400 billion in revenue, or about 1.3% of gross domestic product, according to calculations by J.P. Morgan’s
JPM
-6.25%
 Michael Feroli. He says it would amount to the largest tax increase since the Revenue Act of 1968.
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4318 on: April 03, 2025, 11:03:37 AM »
Quote from: Custard on April 03, 2025, 09:23:11 AM
He’s been telling you what he was going to do got how many months now? And what happens every time tariffs are announced? Don’t have to be a Mensa to figure this one out murph. Don’t forget to buy at the low!

Don't know where the low is. We saw this bs happening and remodeled our house last year and bought another one, selling stock to pay the pre-tariff bills for tile, fixtures, etc...
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #4319 on: April 03, 2025, 11:05:11 AM »
Quote from: Custard on April 03, 2025, 10:50:38 AM
In a mostly fear porn article, they managed to slip this in there, which should make Murph happy, I would think.

Raising taxes on the wrong people. Who eventually won't pay it as they reduce purchases. It's sort of like a gas tax hike, which I protest by.. not buying gas.
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