The Economy

[MajorRewrite]

The value of the dollar is down 10% in just 6 months since Trump took office.

That effectively raises the cost of all imports, but makes exporting easier.

Trump says he’s a dummy:

Trump himself remains very much in the strong dollar camp, as he reiterated just a few days ago, saying that he is "never going to let the dollar slide." The only way that could happen, he added, is "if you have a dummy" as president.

The declining dollar is fuel for inflation:

RSM's Joe Brusuelas offered in a note this week that a weakening dollar tends to be followed by inflation pressure — "but it usually takes nine to 12 months".

 

[DeluxAuto]

The Las Vegas strip.

Trump decided to outdo his great accomplishment of bankrupting a casino by bankrupting all of them, instead.

https://www.reddit.com/r/therewasanattempt/s/VvJsHknn47

Donald is the living embodiment of "failing upwards". He was born into wealth, he had an extremely easy life, and he inherited a portion of his dad's real estate empire. Because of the golden parachute he was born with, he could keep failing but still be seen as a success.

That dude kept failing over and over and over again, but he remained rich the whole time. He bankrupted his casinos more than once. He tried to start an airline but gave up on it after like 1-2 years. He tried to start a telecom company but gave up on it. He tried to start a travel website and gave up on it. He tried to start a magazine but gave up on it. (Do you see a pattern here?)

He created a university, but it got shut down and he had to pay a $25 million settlement due to fraud.

He tried to sell steaks at Sharper Image for some reason.

The only things Donald succeeds at are real estate, marketing, and fraud. But because he talks a big game and is a really confident liar, he's fooled many millions of people into thinking he's a gifted businessman. But in reality he's a constant failure who's been saved by his daddy's money his whole stinking life.

https://www.reddit.com/r/therewasanattempt/s/7c64CAkr6I

 

[1984X2024]

awesome deal he made with Japan

only The Boss could pull it off

 

[Rightguide]

TrumpTariffs took a $1.1 billion bite from GM’s profits.



Trump’s new taxes on American businesses and consumers have an impact, despite what sheep try to tell us.

So pencil it all out for us.

 

[Rightguide]

Trump just signed the biggest trade deal in US history with Japan. It promises over 500 billion in Japanese investment in the U.S. They're going to open their markets to US competition. They agreed to Trump's 15% tariff estimated to bring in over 20 billion a year. More winning against the old globalist order.

https://www.financialexpress.com/wo...ens-market-to-us-goods-key-takeaways/3923610/

 

[BabyBoomer50s]

Some drill down insight. The world’s 4th largest economy.

 

[1984X2024]

Trump just signed the biggest trade deal in US history with Japan. It promises over 500 billion in Japanese investment in the U.S. They're going to open their markets to US competition. They agreed to Trump's 15% tariff estimated to bring in over 20 billion a year. More winning against the old globalist order.

https://www.financialexpress.com/wo...ens-market-to-us-goods-key-takeaways/3923610/

Actually

At Trump's discretion to build factories and investments, Japan has to finance it, doesn't cost us anything

90 to 10 profit sharing

Huge

 

[MajorRewrite]

So pencil it all out for us.

Look at what you quoted. TrumpTariffs cut GM’s quarterly profits by $1.1 billion.

 

[Setanta84]

I have a bad feeling that the deal with Japan is part of getting Japan, South Korea, Taiwan, the Philippines, and Australia to agree to essentially be the Chinese fronts of WWIII.

 

[ll74]

Actually

At Trump's discretion to build factories and investments, Japan has to finance it, doesn't cost us anything

90 to 10 profit sharing

Huge

Lol. Toyota is still making cars in Japan and is hit with less tariffs than Ford

 

[ChinoMoreno]

Trump is going to pay us to take drugs!

 

[ChinoMoreno]

I have a bad feeling that the deal with Japan is part of getting Japan, South Korea, Taiwan, the Philippines, and Australia to agree to essentially be the Chinese fronts of WWIII.

Bro there is no deal with Japan.

 

[MajorRewrite]

They agreed to Trump's 15% tariff estimated to bring in over 20 billion a year.

You continue to celebrate Trump’s new taxes on American businesses and consumers.

“They agreed to Trump’s 15% tariff estimated to take over $20 billion a year from Americans.”

 

[MajorRewrite]

Trump is going to pay us to take drugs!

View attachment 2554768

“We will have reduced drug prices by 1000%, by 1,100%, 1,200%, 1,300%, 1,400%, 700%, 600%. Not 30% or 40% or 50%. But numbers likes of which you’ve never even dreamed of.”

“We’re gonna get the drug prices down,” Trump said. “Not 30% or 40%, which would be great. Not 50% or 60%. No, we’re gonna get them down 1,000%, 600%, 500%, 1,500%. Numbers that are not even thought to be achievable.”

It’s absolutely true that Donnie’s moronic math is “numbers that are not even thought to be achievable”.

 

[Setanta84]

Bro there is no deal with Japan.

They agreed to a trade agreement that is weirdly bad for them even by the standards of agreements empires make with their vassal states while dealing with significant problems at home. The speculation around why Japan would do that is that there might be some sort of sweetener in the deal that hasn't been disclosed yet.

This comes on the heels of America publicly asking Japan to declare a side in a possible war with China. A huge sweetener buried somewhere in the trade agreement would essentially be a bribe to get them to agree to something that insane.

The US is trying to get Europe on the hook for Ukraine so they can pivot to a war with China. We've already moved most of our military resources to Asia and are holding some of the biggest military exercises in decades.

It looks like the plan is to go to war with Russia, China, and Iran at once to halt the decline of the US role as the global hegemon and the rise of a multipolar world. That is essentially WWIII, with the two sides being BRICS and NATO.

 

[ChinoMoreno]

They agreed to a trade agreement that is weirdly bad for them even by the standards of agreements empires make with their vassal states while dealing with significant problems at home. The speculation around why Japan would do that is that there might be some sort of sweetener in the deal that hasn't been disclosed yet.

This comes on the heels of America publicly asking Japan to declare a side in a possible war with China. A huge sweetener buried somewhere in the trade agreement would essentially be a bribe to get them to agree to something that insane.

The US is trying to get Europe on the hook for Ukraine so they can pivot to a war with China. We've already moved most of our military resources to Asia and are holding some of the biggest military exercises in decades.

It looks like the plan is to go to war with Russia, China, and Iran at once to halt the decline of the US role as the global hegemon and the rise of a multipolar world. That is essentially WWIII, with the two sides being BRICS and NATO.

My dude can you produce the signed deal?

 

[MajorRewrite]

They agreed to a trade agreement that is weirdly bad for them even by the standards of agreements empires make with their vassal states while dealing with significant problems at home. The speculation around why Japan would do that is that there might be some sort of sweetener in the deal that hasn't been disclosed yet.

This comes on the heels of America publicly asking Japan to declare a side in a possible war with China. A huge sweetener buried somewhere in the trade agreement would essentially be a bribe to get them to agree to something that insane.

The US is trying to get Europe on the hook for Ukraine so they can pivot to a war with China. We've already moved most of our military resources to Asia and are holding some of the biggest military exercises in decades.

It looks like the plan is to go to war with Russia, China, and Iran at once to halt the decline of the US role as the global hegemon and the rise of a multipolar world. That is essentially WWIII, with the two sides being BRICS and NATO.

Please don’t post conspiracy theories in the economics thread. Thank you.

 

[Setanta84]

Please don’t post conspiracy theories in the economics thread. Thank you.

I like how people who are too dumb to know that Western media is pure propaganda are always so condescending.

 

[BabyBoomer50s]

Bro there is no deal with Japan.

Whatever they call it, markets liked it.

 

[ll74]

YTD stock market - 4%

Last year - 9% ytd

Just breaking even is the new soaring stock market.

Neat

 

[ChinoMoreno]

Whatever they call it, markets liked it.

Hey dude it's not a deal until it's signed. This is like making out with a chick and claiming you got laid.



And bro do you need me to DM you instructions on how to embed pictures?

 

[MajorRewrite]

Whatever they call it, markets liked it.

The markets are glad that the worst of TrumpTariffs have been averted again.

The markets would have been much more happy if Trump never had a tariff fetish at all, but unfortunately that’s not the world we live in.

 

[BabyBoomer50s]

The markets are glad that the worst of TrumpTariffs have been averted again.

The markets would have been much more happy if Trump never had a tariff fetish at all, but unfortunately that’s not the world we live in.

The markets are showing comfort with the 15% range which is about 5X what the pre-“liberation day” average tariff rates were.

 

[MajorRewrite]

The markets are showing comfort with the 15% range which is about 5X what the pre-“liberation day” average tariff rates were.

Tariff taxes on American businesses and consumers are up 5x and you think that’s a good thing? But you were adamant about tax cuts in the Tax & Spend Bill. MAGA sheep are weird.

 

[Rebel5soul]

Tariff taxes on American businesses and consumers are up 5x and you think that’s a good thing? But you were adamant about tax cuts in the Tax & Spend Bill. MAGA sheep are weird.

Do you yap Apples vs Oranges all the time?