The Economy

[icanhelp1]

US economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed

Trump’s tariff fetish caused all kinds of noise in the GDP data, but I’m sharing this news anyway because I like to upset mentally disabled 86TintaNoitx2024.

But you fail to mention high interest rates which significantly affect GDP growth. Trump knows that high rates slow the economy. "Too Late" is well behind the EU and other European countries when dealing with lowering rates. Got to wonder if Powel isn't politically challenged or like you just hates Trump. TOO LATE was late to the game to raise rates and is once again TOO LATE is too late to lower them. IMHO

 

[1984X2024]

I expect to short mkt early july

Maybe 10th or so

 

[Bray123]

Protect your finances, purchase Trump-Griftocurrency now!

Use code 1488FELON for discount.

 

[Bray123]

https://imgur.com/w2ALtfr

 

[1984X2024]

Let’s see if BB can grasp the point(s) of this information:

From the web:

“When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand. U.S. oil producers need prices above $60 per barrel to profitably drill a new well, said Rice University's Mark Finley.Apr 8, 2025”…





BB



We. Told. Them. So.

https://twitter.com/x/status/1938556629563179180

 

[MajorRewrite]

https://twitter.com/x/status/1938556629563179180

The graph shows demand for gasoline is unchanged over the last 12 months. What do you think that proves?

 

[JohnEngelman]

Beginning with the Reagan administration Republicans have used deficit spending to hide the real decline in the U.S. economy.

 

[Rebel5soul]

Beginning with the Reagan administration Republicans have used deficit spending to hide the real decline in the U.S. economy.

In what year were dollar bills no longer redeemable for silver and who was in the White House?

 

[JohnEngelman]

In what year were dollar bills no longer redeemable for silver and who was in the White House?

The national debt only became a problem long after that was done.

 

[MajorRewrite]

Inflation ticks higher.

The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.7% on an annual basis, above the 2.6% economists had expected and higher than the 2.6% seen in April. The April reading was revised higher to 2.6% from an originally reported 2.5% increase.

Another revision in the wrong direction! Will the MAGA sheep accuse the government of lying? Haha. No.

 

[MajorRewrite]

Consumer spending unexpectedly fell

Consumer spending, which accounts for more than two-thirds of economic activity, dropped 0.1% last month after an unrevised 0.2% gain in April, the Commerce Department's Bureau of Economic Analysis said on Friday.

Real personal consumption expenditure does appear to be leveling off after a long period of strong growth.

 

[dmallord]

But you fail to mention high interest rates which significantly affect GDP growth. Trump knows that high rates slow the economy. "Too Late" is well behind the EU and other European countries when dealing with lowering rates. Got to wonder if Powel isn't politically challenged or like you just hates Trump. TOO LATE was late to the game to raise rates and is once again TOO LATE is too late to lower them. IMHO

Stating you have a humble opinion is not true. Although it's good to be allowed to have a 'humble' opinion, yours isn't of that stripe.

It's good that Trump doesn't have control over Powell's group to change the interest rate capriciously. The position Powell holds is not subject to political challenge. That was recognized, wisely, long before the felon reclaimed his petulance for golden toilets in the White House, again.

The Supreme Court recognized the importance of keeping Trump's hand off firing Powell. That speaks volumes about their recognition of Trump as not being an economist or good at monetary policy.

Trump failed to adjust his tariff plan in response to Powell's economic forecasts. TOO many TACO actions. Trump is TOO late in recognizing that his on and off again antics are screwing up the economy.

What may be recorded in history as a low point in our Presidency is the isolationist attitude, the alienation of allies, and a TACO president who undermined our nation's reputation as the leading democracy and a beacon for the world. That's TOO LATE to fix, unfortunately. In my humble opinion, our allies will likely recognize this as an anomaly in our global relationship. And this, TOO, will pass.

As for manipulating interest rates, I'd like to leave that to the group responsible for those changes, not Trump. They've done well, based on past performance. [Good thing the DOGE didn't cut funding for them!]

 

[dmallord]

The graph shows demand for gasoline is unchanged over the last 12 months. What do you think that proves?

Tesla is selling EVs like hot cakes, and the effect is a reduction in the use of petroleum fuels?

Or... petro consumption statnation has set in and the economy isn't living up to the felon's expectations.

 

[ll74]

The markets finally.breached positive territory after 6 months of massive losses

 

[MajorRewrite]

https://twitter.com/x/status/1938628875837153439

What does your Xitter feed say about today’s inflation and consumer spending news?

 

[dmallord]

Sometimes you wander off the reservation and find something humorous. Thought I'd share it with you in the middle of the economic roller coaster ride we are on. [I changed the ending to fit the theme here.]
https://qph.cf2.quoracdn.net/main-thumb-ti-1934211-50-wmzuzpmigxwzhbgrprbgsojzztbajoda.jpeg
https://thatsfunnystuff.quora.com/

That’s Funny Stuff
·
Follow
Posted by
Richard Strachan


Curtis & Leroy bought a mule for $100. The farmer agreed to deliver the mule the next day. The next morning the farmer drove up and said, "Sorry, fellows, I have some bad news, the mule died last night."

Curtis & Leroy replied,"Well, then just give us our money back." The farmer said,"Can't do that. I went and spent it already." They said, "OK then, just bring us the dead mule." The farmer asked, "What in the world ya'll gonna do with a dead mule?" Curtis said, "We gonna raffle him off."

The farmer said, "You can't raffle off a dead mule!" Leroy said, "We shore can! We don't hafta tell nobody he's dead!" A couple of weeks later, the farmer ran into Curtis & Leroy at the Piggly Wiggly grocery store and asked. "What'd you fellers ever do with that dead mule?"

They said, "We raffled him off like we said we wuz gonna do." Leroy said, "We sold 500 tickets fer two dollars apiece and made a profit of $898." The farmer said, "Didn't anyone complain?" Curtis said, "Well, the feller who won got upset. So we gave him his two dollars back."

Curtis and Leroy now work for the government. They're overseeing Trump's DOGE and the Congressional Budget Committee.

 

[Bn2f]

 

[MajorRewrite]

Denmark has high taxation, but is rich anyway. This interesting video explains how they accomplish that, along with other good things. Well worth watching.

 

[ChloeTzang]

Ohhhhh Canada, here Trump goes again....

Quite a good discussion on Carney's deal with the EU right before the NATO summit - "we can nostalgically look back and long for the old order to somehow return or we can build a new one with purpose and partnership...." "We see ourselves as European...."

Canadians are just rolling their eyes at Trump's outageously stupid Friday post on tariffs and Canada and going "whatever." The language Trump is using about Canada is having a hugely deterimental effect on American businesses. Trump is continually acting in bad faith, continually breaking agreements, and Canada is done with his bullshit and is rapidly building new relationships. Carney made it clear they're not going to be bullied by Trump, Canada's future is now with Europe. Carney will probably respond dollar for dollar with tariffs.

It's very clear to Canada that the USA is not a neighbor now, so much as a threat. It's actually giving Carney a LOT more political power and a lot more leeway to make tough longer term decisions that will lead o a major drop off in back and forth trade between the USA and Canada, and that will be irrevocable once it's taken place.

Trump came into the G7 and the NATO summit, threw gasoline on the fire and turned tail and ran while other world leaders are trying to stabilize the chaos Trump is creating.

 

[nowisthetime]

Maga doesn't get that we are all interconnected. If people are broke, wouldn’t that eventually affect millionaires and billionaires too? After all, when the majority of people can’t afford basic goods and services, businesses suffer especially those that depend on consumer spending. The economy isn’t sustainable if wealth is concentrated at the top while the base crumbles. You shatter the base, everything gets screwed. That's why that BB cock of shit bill needs to perish.

 

[ishtat]

A few weeks back the market (particularly International) was surprisingly reluctant to buying the then tranche of US government Bonds. A few days ago you may have noticed that Treasury relaxed the rules in order to "encourage" US banks/institutions to hold more. Essentially US taxpayers are being encouraged to lend more money than they might like to the US government. I suspect that it will not be long before the Federal government requires increased Bond purchases from Banks, Insurers, Pension Funds rather than mere "encouragement." Messing around with the Bond market is foolish at any time but when we already have the Tariffs fiasco and that absurd Bill is being pushed through Congress, it is stupid. Given that the USA has already lost its AAA status Public debt is getting more expensive every year leaving no cash for essential services.

Something has to give: Reduce government expenditure, Let the US dollar fall, Increase taxes, the alternatives are obvious but not politically palatable. And as the economy rots it will only get worse.

 

[1984X2024]

Yes, Trump and his tweets get results. Last week he attacked Canada for the digital tax and stopped trad talks and last night

Canada drops tax that targeted US tech firms

 

[Bn2f]

Yes, Trump and his tweets get results. Last week he attacked Canada for the digital tax and stopped trad talks and last night

Canada drops tax that targeted US tech firms

Cool. So what number should we designate this in his brag of 90 deals in 90 days?

 

[MajorRewrite]

Cool. So what number should we designate this in his brag of 90 deals in 90 days?

Deal Count: 0

Partial deals with the UK and China won’t count until they are comprehensive.

 

[MajorRewrite]

Yes, Trump and his tweets get results. Last week he attacked Canada for the digital tax and stopped trad talks and last night

Canada drops tax that targeted US tech firms

I’m curious, what’s your logic for opposing the digital services tax that Canada proposed?

Companies that operate in a nation pay taxes there … except digital services companies which are exempt for “reasons”.

So do you have any reasoning for opposing the tax beyond “Trump said it’s bad”? Check your Xitter feed to see if it can supply you with any thoughts on the topic.