The Economy

Nice deflection Donald. While the orange man is filling the news feeds with accusations against people who refused to support his campaign, the USA has lost its treasured triple-A credit rating. This means that the USA will now have to pay more to service its massive debt. This should be of major concern, but the donald has them all talking about Beyonce and Springsteen.
 

CNBC today:​

Recession risk is not gone despite tariff de-escalation, says Morgan Stanley chief global economist​

De-escalating tensions between the Trump administration and China haven’t completely eliminated the risk of an economic slowdown, according to Morgan Stanley.

“The most recent de-escalation prompts the question of how much recession risks have fallen. The probability has surely fallen some at the margin, but we never had a recession as a baseline, partly because we assumed the peak announced tariff rates would not last,” wrote Seth Carpenter, the firm’s chief global economist. “Recession risk is not gone, however, because tariffs have both direct effects and indirect effects. Even with lower tariffs, the direct drag even is still meaningful.”

Carpenter added that this was bolstered by historical trends.

“The data show that the tariffs on China in the first Trump Administration were followed by a drop in industrial production and manufacturing employment,” he continued. “Tariffs are taxes, and 2/3 of imports from China are capital goods or intermediate inputs. So tariffs on China are in effect a tax on domestic capex and manufacturing.”
~~~

Affirmation, again, that tariffs are taxes and the US consumers are paying them.
 

US Wholesale Inflation Registers Largest Drop Since Pandemic​

‘If you are in the stagflation camp, these data aren’t confirming your thesis,’ one market expert said.

Wholesale inflation in April recorded the sharpest drop since the onset of the COVID-19 pandemic, signaling that U.S. tariffs have yet to affect consumers.

Last month, the producer price index (PPI)—a gauge of prices for goods and services paid by businesses early in the supply chain—fell by 0.5 percent, down from the upwardly adjusted zero percent recorded in March.

The consensus forecast suggested a 0.2 percent increase.

According to May 15 data released by the Bureau of Labor Statistics, annual headline PPI inflation slowed sharply to 2.4 percent from 3.4 percent, slightly lower than the market estimate of 2.5 percent.
Core wholesale prices, which omit the volatile energy and food categories and are considered a more accurate inflation predictor, also declined by 0.4 percent in April. This was down from March’s upwardly revised 0.4 percent increase and lower than economists’ expectations.

https://www.theepochtimes.com/us/us...oReport&src_src=partner&src_cmp=BonginoReport
 
When shit stops coming into port, the ratio is fun to play with
 

US Wholesale Inflation Registers Largest Drop Since Pandemic​


Last month, the producer price index (PPI)—a gauge of prices for goods and services paid by businesses early in the supply chain—fell by 0.5 percent, down from the upwardly adjusted zero percent recorded in March.

The Producer Price Index for April has already been reported 3 times in this thread. 👍
 

US Wholesale Inflation Registers Largest Drop Since Pandemic​

‘If you are in the stagflation camp, these data aren’t confirming your thesis,’ one market expert said.

Wholesale inflation in April recorded the sharpest drop since the onset of the COVID-19 pandemic, signaling that U.S. tariffs have yet to affect consumers.

Last month, the producer price index (PPI)—a gauge of prices for goods and services paid by businesses early in the supply chain—fell by 0.5 percent, down from the upwardly adjusted zero percent recorded in March.

The consensus forecast suggested a 0.2 percent increase.

According to May 15 data released by the Bureau of Labor Statistics, annual headline PPI inflation slowed sharply to 2.4 percent from 3.4 percent, slightly lower than the market estimate of 2.5 percent.
Core wholesale prices, which omit the volatile energy and food categories and are considered a more accurate inflation predictor, also declined by 0.4 percent in April. This was down from March’s upwardly revised 0.4 percent increase and lower than economists’ expectations.

https://www.theepochtimes.com/us/us...oReport&src_src=partner&src_cmp=BonginoReport
Walmart said they will help offset the costs of trump's failed tariffs.

Guess who helps Walmart pay for them?
 

US Wholesale Inflation Registers Largest Drop Since Pandemic​

‘If you are in the stagflation camp, these data aren’t confirming your thesis,’ one market expert said.

Wholesale inflation in April recorded the sharpest drop since the onset of the COVID-19 pandemic, signaling that U.S. tariffs have yet to affect consumers.

Last month, the producer price index (PPI)—a gauge of prices for goods and services paid by businesses early in the supply chain—fell by 0.5 percent, down from the upwardly adjusted zero percent recorded in March.

The consensus forecast suggested a 0.2 percent increase.

According to May 15 data released by the Bureau of Labor Statistics, annual headline PPI inflation slowed sharply to 2.4 percent from 3.4 percent, slightly lower than the market estimate of 2.5 percent.
Core wholesale prices, which omit the volatile energy and food categories and are considered a more accurate inflation predictor, also declined by 0.4 percent in April. This was down from March’s upwardly revised 0.4 percent increase and lower than economists’ expectations.

https://www.theepochtimes.com/us/us...oReport&src_src=partner&src_cmp=BonginoReport
That's the Epoch Times, you idiot!
 
"
The $400 million jet from Qatar and the late night Taylor Swift posts are designed to distract you from what happened on the first overseas trip of Trump's second term.

I am not referring to the highly choreographed, censored, Hollywood version of his Middle East tour. I am not talking about the tepid and inaccurate reporting from failed legacy media outlets, who only repeated his claim of 'hundreds of billions in deals'.

I'm talking about what really happened between the Trump family, the US oligarchs, and the Sunni dynasties which control the Gulf states.

Let's provide some proper grounding. Before departing on Air Force One, the White House informed the most reliable global news agencies, often referred to as 'the wire', that they would not be joining the administration. This marks the first time in history that journalists from the wire services (like Reuters, Associated Press, UPI, etc) would not accompany the US president on an overseas trip, especially one of this magnitude.

Upon landing, Trump and his family, top aides, and the CEOs of at least 20 major companies scurried to make deals as fast as they could.

Trump's large adult sons wrangled a few billion out of Qatar and Saudi Arabia for golf course resorts. They also landed major crypto deals where cartel members, terrorists, and other illicit offshore wealth will be funneled into their own crypto coins. There's nearly one crypto coin for each member of the Trump family.

The biggest single item of the deal was Saudi Arabia's pledge to purchase 500,000 semiconductor chips from Nvdia, for purposes that remain unclear. Saudi Arabia has zero computer talent as their ruling families are accustomed to not working for anything or providing any value whatsoever. Saudi Arabia is apparently going to buy 500,000 AI chips, at a cost of $50,000 per chip, to put them in the desert where server rooms need to to remain a temperature of 65 degrees, all without any local talent to do anything of value.

China's President Xi must be laughing in DeepSeek.

No one groveled more than Amazon's founder, Jeff Bezos. Bezos bowed before Mohammad bin Salman, a man who kidnapped, sexually tortured, and dismembered one of Bezos' journalists, Jamal Ahmad Hamza Khashoggi, employed at the Washington Post. The few remaining talented reporters still employed by Washington Post must rest easy at night knowing in the event someone murders them because they dislike their reporting, the boss will kiss their killer's hand. Not exactly a fantastic workplace vibe for a newspaper, but I digress.

To be honest, there isn't enough space in this post, or any post, to describe the torrent of deals that happened. We are talking about the 60 most powerful companies on earth, mingling with 20 or so members of the Saudi and Qatari ruling families, all pitching deals to channel oil money into their pockets.

Elon Musk landed a significant deal with Saudi Arabia to use his Starlink system for aviation and nautical systems. The military industrial complex, the tech CEOs, and the crypto creeps emerged from the summit with ear to ear smiles. It was a spectacle for the ages as the ruling elites of Saudi Arabia sought to greenwash, tech wash, and generally launder their oil wealth into the coffers of America's tech titans.

To be clear, Saudi Arabia is a backward nation of women-hating oil thieves and slavers who have nothing but contempt for our democracy and values. They have financed terrorist atrocities across the world, including 9/11. The Saudi sultans and sheiks attempt to spin their countries as reformed and modern by investing in goofy golf tournaments, but every single strip, brick, and building of the 'new Middle East' was built on the backs of chattel slaves from South Asia.

These Sunni sultans and sheiks, like the Trump family and the Silicon Valley tech bros, are the takers of the world. They contribute nothing. They live solely to extract as much wealth and amass as much power as they can.

And the takers of the world, like the Sunni elite and the wannabe dictators like Trump, share a similar model: that vision rests on holding the workers and makers of society in total contempt. The people who build our cities, teach our kids, manage our National Parks, research cancer cures, staff our hospital and hotels, farm our food, and generally provide the entire structure and foundation of modern life are deserving of nothing more than squalor, poverty, terror, cruelty, and denied even the basic recognition of citizenship. This is the model of Dubai. This is the vision of Trump's America.

Trump and his dopey sons aren't the captains of this ill-fated journey. Not by any stretch...

Peep🧐 Trump's little hands holding onto King Salman bin Abdulaziz Al Saud's hand. At first glance, it appears Trump is gently supporting an old and enfeebled man. Which is weird, because he doesn't even hold his own wife's hand. But upon closer examination, it's the King who has stuck his middle finger right through Trump's palm as he grips his wrists with the other fingers. He is guiding him around like a donkey.

Trump is being groomed.

The Saudis played the President of the United States like Pinocchio at Pleasure Island. They rolled out their silly lavender carpet. They bussed in a McDonald's trailer so bozo could enjoy a Big Mac in the sweltering 110 degree heat while he canoodled with the people who funded 9/11. They adorned him a Toys R' Us gold chain. They even pawned off a rusted jet they were unsuccessfully trying to offload for years.

The only thing the Saudis wanted was the ability to launder their money into America's leading semiconductor technologies and boatloads of our latest weapon systems.

In the end, hundreds of billions of dollars changed hands. The number of hands numbered no more than two dozen. The 77 million MAGA muppets who voted for this traitor were not part of any deal."

😎

1000027501.jpg
 
Improving back to almost where it was before he fucked up Joe's booming economy?

Exactly.

Also:

The current "economy" is fairly illusory, as: the impacts from the tariffs, etc, haven’t hit yet; the bulk purchases by businesses to “beat the tariffs” juiced the first quarter numbers; the Moodys downgrade JUST happened; the rich & corporations are propping up the stock market, hiring, etc, to secure their deregulations and tax cuts from DonOld and the MAGAt republicans in congress, and inflation related to immigration policy has yet to fully manifest.

The illusion WILL be shattered in short order (no later than early august - and likely, much sooner).

We. Told. Them. So.

🌷
 
Exactly.

Also:

The current "economy" is fairly illusory, as: the impacts from the tariffs, etc, haven’t hit yet; the bulk purchases by businesses to “beat the tariffs” juiced the first quarter numbers; the Moodys downgrade JUST happened; the rich & corporations are propping up the stock market, hiring, etc, to secure their deregulations and tax cuts from DonOld and the MAGAt republicans in congress, and inflation related to immigration policy has yet to fully manifest.

The illusion WILL be shattered in short order (no later than early august - and likely, much sooner).

We. Told. Them. So.

🌷
  1. Things are good.
  2. Trump fucks it up.
  3. He puts a band aid on a gaping wound he created.
  4. MAGATs praise Dear Leader for fixing his fuck up.
 
"
The $400 million jet from Qatar and the late night Taylor Swift posts are designed to distract you from what happened on the first overseas trip of Trump's second term.

I am not referring to the highly choreographed, censored, Hollywood version of his Middle East tour. I am not talking about the tepid and inaccurate reporting from failed legacy media outlets, who only repeated his claim of 'hundreds of billions in deals'.

I'm talking about what really happened between the Trump family, the US oligarchs, and the Sunni dynasties which control the Gulf states.

Let's provide some proper grounding. Before departing on Air Force One, the White House informed the most reliable global news agencies, often referred to as 'the wire', that they would not be joining the administration. This marks the first time in history that journalists from the wire services (like Reuters, Associated Press, UPI, etc) would not accompany the US president on an overseas trip, especially one of this magnitude.

Upon landing, Trump and his family, top aides, and the CEOs of at least 20 major companies scurried to make deals as fast as they could.

Trump's large adult sons wrangled a few billion out of Qatar and Saudi Arabia for golf course resorts. They also landed major crypto deals where cartel members, terrorists, and other illicit offshore wealth will be funneled into their own crypto coins. There's nearly one crypto coin for each member of the Trump family.

The biggest single item of the deal was Saudi Arabia's pledge to purchase 500,000 semiconductor chips from Nvdia, for purposes that remain unclear. Saudi Arabia has zero computer talent as their ruling families are accustomed to not working for anything or providing any value whatsoever. Saudi Arabia is apparently going to buy 500,000 AI chips, at a cost of $50,000 per chip, to put them in the desert where server rooms need to to remain a temperature of 65 degrees, all without any local talent to do anything of value.

China's President Xi must be laughing in DeepSeek.

No one groveled more than Amazon's founder, Jeff Bezos. Bezos bowed before Mohammad bin Salman, a man who kidnapped, sexually tortured, and dismembered one of Bezos' journalists, Jamal Ahmad Hamza Khashoggi, employed at the Washington Post. The few remaining talented reporters still employed by Washington Post must rest easy at night knowing in the event someone murders them because they dislike their reporting, the boss will kiss their killer's hand. Not exactly a fantastic workplace vibe for a newspaper, but I digress.

To be honest, there isn't enough space in this post, or any post, to describe the torrent of deals that happened. We are talking about the 60 most powerful companies on earth, mingling with 20 or so members of the Saudi and Qatari ruling families, all pitching deals to channel oil money into their pockets.

Elon Musk landed a significant deal with Saudi Arabia to use his Starlink system for aviation and nautical systems. The military industrial complex, the tech CEOs, and the crypto creeps emerged from the summit with ear to ear smiles. It was a spectacle for the ages as the ruling elites of Saudi Arabia sought to greenwash, tech wash, and generally launder their oil wealth into the coffers of America's tech titans.

To be clear, Saudi Arabia is a backward nation of women-hating oil thieves and slavers who have nothing but contempt for our democracy and values. They have financed terrorist atrocities across the world, including 9/11. The Saudi sultans and sheiks attempt to spin their countries as reformed and modern by investing in goofy golf tournaments, but every single strip, brick, and building of the 'new Middle East' was built on the backs of chattel slaves from South Asia.

These Sunni sultans and sheiks, like the Trump family and the Silicon Valley tech bros, are the takers of the world. They contribute nothing. They live solely to extract as much wealth and amass as much power as they can.

And the takers of the world, like the Sunni elite and the wannabe dictators like Trump, share a similar model: that vision rests on holding the workers and makers of society in total contempt. The people who build our cities, teach our kids, manage our National Parks, research cancer cures, staff our hospital and hotels, farm our food, and generally provide the entire structure and foundation of modern life are deserving of nothing more than squalor, poverty, terror, cruelty, and denied even the basic recognition of citizenship. This is the model of Dubai. This is the vision of Trump's America.

Trump and his dopey sons aren't the captains of this ill-fated journey. Not by any stretch...

Peep🧐 Trump's little hands holding onto King Salman bin Abdulaziz Al Saud's hand. At first glance, it appears Trump is gently supporting an old and enfeebled man. Which is weird, because he doesn't even hold his own wife's hand. But upon closer examination, it's the King who has stuck his middle finger right through Trump's palm as he grips his wrists with the other fingers. He is guiding him around like a donkey.

Trump is being groomed.

The Saudis played the President of the United States like Pinocchio at Pleasure Island. They rolled out their silly lavender carpet. They bussed in a McDonald's trailer so bozo could enjoy a Big Mac in the sweltering 110 degree heat while he canoodled with the people who funded 9/11. They adorned him a Toys R' Us gold chain. They even pawned off a rusted jet they were unsuccessfully trying to offload for years.

The only thing the Saudis wanted was the ability to launder their money into America's leading semiconductor technologies and boatloads of our latest weapon systems.

In the end, hundreds of billions of dollars changed hands. The number of hands numbered no more than two dozen. The 77 million MAGA muppets who voted for this traitor were not part of any deal."

😎

View attachment 2541296

Who originally wrote that ^ ???

it’s incredibly on point and fairly comprehensive.

👍

We. Told. Them. So.

🌷
 
  1. Things are good.
  2. Trump fucks it up.
  3. He puts a band aid on a gaping wound he created.
  4. MAGATs praise Dear Leader for fixing his fuck up.

The problem is: DonOld hasn’t really fixed anything. Delayed, maybe - which is DonOld’s specialty. Ameliorated SOME of the damage from his own MAJOR fuck-up??? Maybe.

What did that crazy ass banned poster used to say???: “NO ONE CAN STOP WHAT’S COMING!!!”???

😳

😑

We. Told. Them. So.

🌷
 
Mocking indeed, warning more so with 10 and 30 year going places we don't want and f/x that is quite worrisome. The US cost of borrowing will go up more. Also at stake is the US standard of living. And down the road, reserve currency.

The markets are taking notice…

😑

We. Told. Then. So.

🌷
 
Today was telling. The trade deals that are still pending, tariff rates that are nonsensical. Money is moving and so are the interest rates... in the wrong direction.

And all the "deals" that DonOld announced after that Middle East trip (grift) are nothing but Camel farts and a promise.

😑

We. Told. Them. So.

🌷
 
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