Loving those tariffs . . . your 401K not so much

07 March 2025, 20:27

HerrBerg

quote:
Originally posted by MJines:
. . . with each passing day the MAGA economic "plan" gets us closer to a recession.

Chances of US Recession Surge

Today, I had lunch with the CEO at a company listed at the Stockholm stock exchange. I ordered a Cola Zero, he frowned and said "I try to stay away from that american shit, everyone should do their part to punish them for Ukraine".

Damned right, I said, and changed my order to include a Ramlösa instead.

08 March 2025, 04:44

medved

quote:
Originally posted by HerrBerg:
quote:
Originally posted by MJines:
. . . with each passing day the MAGA economic "plan" gets us closer to a recession.

Chances of US Recession Surge

Today, I had lunch with the CEO at a company listed at the Stockholm stock exchange. I ordered a Cola Zero, he frowned and said "I try to stay away from that american shit, everyone should do their part to punish them for Ukraine".

Damned right, I said, and changed my order to include a Ramlösa instead.

which is of course an even better choice for your health.

08 March 2025, 08:47

wymple

I bought filters for my humidifier for 12 bucks around Xmas. They are now 20 bucks plus 5 for shipping. It's like the canary in the coal mine, just another harbinger of things to come. Last year I bought a reman alternator for one of my Trailblazers, 80 bucks. I prefer factory reman over aftermarket new, they are better stuff. 2 weeks ago I put another on my other Trailblazer, same item, 135 bucks. It doesn't take a genius to see where it's all headed.

08 March 2025, 13:43

jeffeosso

quote:
Originally posted by wymple:
I bought filters for my humidifier for 12 bucks around Xmas. They are now 20 bucks plus 5 for shipping. It's like the canary in the coal mine, just another harbinger of things to come. Last year I bought a reman alternator for one of my Trailblazers, 80 bucks. I prefer factory reman over aftermarket new, they are better stuff. 2 weeks ago I put another on my other Trailblazer, same item, 135 bucks. It doesn't take a genius to see where it's all headed.

you are correct, not-a-genius, inflation has been TERRIBLE --
in 2019, i bought a battery for my motorcycle - it was just under $75 bucks -- replaced it last week for nearly DOUBLE that --
damn you, joe-biden's-handlers

it's cute that you think a reman, TODAY, is better than a new product -- you know they are built/rebuilt at the same place, right -- unless you take your old one to a boutique rebuild shoppe

but, hey, close enough, tell us how much your fast food has gone up since 2019 ...

oh, wait, that destroys your narrative .. carry on

08 March 2025, 17:18

medved

quote:
Originally posted by jeffeosso:
quote:
Originally posted by wymple:
I bought filters for my humidifier for 12 bucks around Xmas. They are now 20 bucks plus 5 for shipping. It's like the canary in the coal mine, just another harbinger of things to come. Last year I bought a reman alternator for one of my Trailblazers, 80 bucks. I prefer factory reman over aftermarket new, they are better stuff. 2 weeks ago I put another on my other Trailblazer, same item, 135 bucks. It doesn't take a genius to see where it's all headed.

you are correct, not-a-genius, inflation has been TERRIBLE --
in 2019, i bought a battery for my motorcycle - it was just under $75 bucks -- replaced it last week for nearly DOUBLE that --
damn you, joe-biden's-handlers

it's cute that you think a reman, TODAY, is better than a new product -- you know they are built/rebuilt at the same place, right -- unless you take your old one to a boutique rebuild shoppe

but, hey, close enough, tell us how much your fast food has gone up since 2019 ...

oh, wait, that destroys your narrative .. carry on

as of today this is your narrative destroyed lol

“A vote for Trump means your groceries will be cheaper”

did your groceries went lower? we all know the answer except for the MAGA supporters that cannot face the truth ...

08 March 2025, 18:54

jeffeosso

quote:
Originally posted by medved:
quote:
Originally posted by jeffeosso:
quote:
Originally posted by wymple:
I bought filters for my humidifier for 12 bucks around Xmas. They are now 20 bucks plus 5 for shipping. It's like the canary in the coal mine, just another harbinger of things to come. Last year I bought a reman alternator for one of my Trailblazers, 80 bucks. I prefer factory reman over aftermarket new, they are better stuff. 2 weeks ago I put another on my other Trailblazer, same item, 135 bucks. It doesn't take a genius to see where it's all headed.

you are correct, not-a-genius, inflation has been TERRIBLE --
in 2019, i bought a battery for my motorcycle - it was just under $75 bucks -- replaced it last week for nearly DOUBLE that --
damn you, joe-biden's-handlers

it's cute that you think a reman, TODAY, is better than a new product -- you know they are built/rebuilt at the same place, right -- unless you take your old one to a boutique rebuild shoppe

but, hey, close enough, tell us how much your fast food has gone up since 2019 ...

oh, wait, that destroys your narrative .. carry on

as of today this is your narrative destroyed lol

“A vote for Trump means your groceries will be cheaper”

did your groceries went lower? we all know the answer except for the MAGA supporters that cannot face the truth ...

"per my previous emails"
1: my facts aren't incorrect
2: didn't vote for the guy --
3: my post literally says prices are higher --

0-3, yooooouuuuuu'rrrrrreeee OUT

08 March 2025, 21:20

LHeym500

Well, inflation had come down to 3 something percent in President Biden’s closing months.

Yet, here we are w Trump hitting the economy including folks 401k on the head. I don’t have one, but I had lunch w the a defense lawyer who voted for Trump and his had lost several 10ks of dollars.

We will see. The sad part is the Dems are probably winning the mid terms. This will neuter the Trump agenda. Things stable just in time for Vance to run that the Trump administration stabilized everything when it was the mid term results.

Time will tell.

Notice the GOP Congress does not want to shut the government down anymore.

08 March 2025, 21:29

MJines

. . . what the MAGAts lack in intelligence they more than make up for in chutzpah. I see that Maria Bartiromo is now warning about the possibility of a recession . . . but the recession would not be Trump's fault, it would be Biden's fault. All the harebrained and disruptive actions of Trump, like on again, off again tariffs, dumping European allies in the fire, laying off employees without an organized reduction in force program, etc., have nothing to do with it. I guess it all goes back the Goebble's quote, if you repeat the lie long enough it eventually becomes the truth.

08 March 2025, 21:49

ANTELOPEDUNDEE

quote:
Originally posted by HerrBerg:
quote:
Originally posted by MJines:
. . . with each passing day the MAGA economic "plan" gets us closer to a recession.

Chances of US Recession Surge

Today, I had lunch with the CEO at a company listed at the Stockholm stock exchange. I ordered a Cola Zero, he frowned and said "I try to stay away from that american shit, everyone should do their part to punish them for Ukraine".

Damned right, I said, and changed my order to include a Ramlösa instead.

Coke and other soft drink products are nothing but chemically polluted sugar water. The main reason they exist is that the industry provides jobs. course there is rum and Coke so there's that.

08 March 2025, 22:19

medved

quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by HerrBerg:
quote:
Originally posted by MJines:
. . . with each passing day the MAGA economic "plan" gets us closer to a recession.

Chances of US Recession Surge

Today, I had lunch with the CEO at a company listed at the Stockholm stock exchange. I ordered a Cola Zero, he frowned and said "I try to stay away from that american shit, everyone should do their part to punish them for Ukraine".

Damned right, I said, and changed my order to include a Ramlösa instead.

Coke and other soft drink products are nothing but chemically polluted sugar water. The main reason they exist is that the industry provides jobs. course there is rum and Coke so there's that.

rum and coke even if that it s a thing of the past ... cuba libre came from the cubanese refugees with ron bacardi from their island moved to puerto rico and coke from atlanta ... as a canadian i can to do that anymore lol first i do not want cuba free i want our own leader sending back to his father island and of course because alcohol from the states are now prohibited and products from the states are not in very good considerations ... glad my nafta truck was build in mexico lol

09 March 2025, 21:36

jdollar

I’m just glad I bought a new F150 last June. It’s for damn sure a new one now will much more expensive.

10 March 2025, 19:34

MJines

. . . another day of MAGA bliss in the markets . . . all this winning . . . when will it end.

10 March 2025, 19:41

Steve Bertram

quote:
Originally posted by MJines:
. . . another day of MAGA bliss in the markets . . . all this winning . . . when will it end.

No time soon when the game plan appears to be doubling down on stupid.....

10 March 2025, 19:43

HerrBerg

quote:
Originally posted by MJines:
. . . another day of MAGA bliss in the markets . . . all this winning . . . when will it end.

Nasdaq made a true show of force, opening ONLY 2% DOWN!

So much winning. Maybe 4-5% down this week?

11 March 2025, 00:04

MJines

. . . when will all the winning stop . . . we may end up down 4-5% today not this week . . . so much winning. I guess you gotta break some eggs to make an omelette . . . oops, we got no eggs.

11 March 2025, 01:25

wymple

-900 points last I heard, today.

11 March 2025, 01:38

Tumbleweed

I saw Agent Krasnov on TV this morning saying “You’re all going to get so rich you won’t know what to do with the money!”

He says his tariffs are going to ‘bring in trillions of dollars’!

Any idea when that’s going to kick in?

It sure would make it easier for all the MAGAts to buy a Tesla.

At the same time, there are Super-B loads of whiskey from Canada headed back to Lynchburg, where Jack Daniels just laid off 680 people. I’ll bet they’re hoping for these windfall profits sooner rather than later. I wonder if they’ll still get their free bottle every month, now that they really need it.

11 March 2025, 05:19

MJines

. . . all this winning . . .

Goldman has downgraded their 2025 US GDP growth forecast from 2.4% at the start of the year to 1.7% now (both on a Q4/Q4 basis). This is Goldman's first below-consensus forecast in 2½ years. The reason for the downgrade is that their trade policy assumptions have become considerably more adverse and the administration is managing expectations towards tariff-induced near-term economic weakness. They report that tariffs weigh on growth via three main channels. First, they raise consumer prices—and thereby cut real income—by an estimated 0.1% per 1pp increase in the average US tariff rate. (In theory, the drag could diminish if the tariff revenue is recycled into additional tax cuts, but this revenue will not be scored in the ongoing budget negotiations if it results from executive as opposed to congressional action.) Second, tariffs tend to tighten financial conditions, although the impact in this cycle looks smaller than in the 2018-2019 trade war when scaled by the size of the tariff hikes. Third, trade policy uncertainty leads firms to delay investment. Goldman now expects core PCE inflation to reaccelerate to 3% later this year, up nearly ½pp from their prior forecast.

. . . making America great again one unforced error after another.

11 March 2025, 06:30

medved

quote:
Originally posted by MJines:
. . . all this winning . . .

Goldman has downgraded their 2025 US GDP growth forecast from 2.4% at the start of the year to 1.7% now (both on a Q4/Q4 basis). This is Goldman's first below-consensus forecast in 2½ years. The reason for the downgrade is that their trade policy assumptions have become considerably more adverse and the administration is managing expectations towards tariff-induced near-term economic weakness. They report that tariffs weigh on growth via three main channels. First, they raise consumer prices—and thereby cut real income—by an estimated 0.1% per 1pp increase in the average US tariff rate. (In theory, the drag could diminish if the tariff revenue is recycled into additional tax cuts, but this revenue will not be scored in the ongoing budget negotiations if it results from executive as opposed to congressional action.) Second, tariffs tend to tighten financial conditions, although the impact in this cycle looks smaller than in the 2018-2019 trade war when scaled by the size of the tariff hikes. Third, trade policy uncertainty leads firms to delay investment. Goldman now expects core PCE inflation to reaccelerate to 3% later this year, up nearly ½pp from their prior forecast.

. . . making America great again one unforced error after another.

just the beginning i will say.

11 March 2025, 06:39

Tumbleweed

Who among the MAGATS is going to be the first to shout ”The Emperor has no clothes!”?

Do Agent Krasnovs powers of retribution have everyone so fearful that they’d rather crash and burn than dare call him out?

Will Teslas stock drop to parity with the Melania token?

Tune in next week for the next exciting episode of The Great American Fuck Up!

11 March 2025, 06:40

wymple

We won't get off that easy.....

11 March 2025, 06:44

medved

quote:
Originally posted by wymple:
We won't get off that easy.....

i agree you need to swallow more of the poison. it is not enough yet ...

11 March 2025, 06:52

MJines

. . . I think the MAGAts owe the world and their fellow Americans an apology.

11 March 2025, 07:39

medved

quote:
Originally posted by MJines:
. . . I think the MAGAts owe the world and their fellow Americans an apology.

not yet too early ...

11 March 2025, 19:55

MJines

. . . another day . . . more winning MAGAt style. Losing, the new winning. Everyone loving the Trumpeconomics. Just think, only weeks ago the S&P was over 6000 . . . so much winning.

14 March 2025, 03:23

MJines

MAGAts, y'all fully satiated on all the winning yet? With all this winning, you boys may be forced to put down the Natty Lite and pick up Milwaukee's Best, even postpone attending the next Monster Jam event.

14 March 2025, 03:39

TomP

quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by HerrBerg:
quote:
Originally posted by MJines:
. . . with each passing day the MAGA economic "plan" gets us closer to a recession.

Chances of US Recession Surge

Today, I had lunch with the CEO at a company listed at the Stockholm stock exchange. I ordered a Cola Zero, he frowned and said "I try to stay away from that american shit, everyone should do their part to punish them for Ukraine".

Damned right, I said, and changed my order to include a Ramlösa instead.

Coke and other soft drink products are nothing but chemically polluted sugar water. The main reason they exist is that the industry provides jobs. course there is rum and Coke so there's that.

We could go back to the original Coke, with coca in it. The pause that refreshes, and uses up a little CO2 for fizz.
Does anyone have the recipe, or does it have to be reinvented like conservative political philosophy?

14 March 2025, 04:00

jeffeosso

quote:
Originally posted by LHeym500:
Well, inflation had come down to 3 something percent in President Biden’s closing months.

Yet, here we are w Trump hitting the economy including folks 401k on the head. I don’t have one, but I had lunch w the a defense lawyer who voted for Trump and his had lost several 10ks of dollars.

We will see. The sad part is the Dems are probably winning the mid terms. This will neuter the Trump agenda. Things stable just in time for Vance to run that the Trump administration stabilized everything when it was the mid term results.

Time will tell.

Notice the GOP Congress does not want to shut the government down anymore.

and, feb inflation is?

14 March 2025, 04:40

Steve Bertram

How about the Feb. S&P? More winning!

14 March 2025, 05:19

jdollar

quote:
Originally posted by Steve Bertram:
How about the Feb. S&P? More winning!

And the NASDAQ and Dow. I don’t know how much more winning my pension fund can take. And the silence is deafening from the Trumpiteers about how great the economy is doing.Too bad all the polls say Trump economic policy is wrong. Tariffs only seem to be a big hit in the Whitehouse….

14 March 2025, 05:39

MJines

. . . yeah they scurried off faster than a roach when the lights come on.

14 March 2025, 23:04

MJines

. . . market’s up, Trump must be playing golf and not doing stupid things or making asinine statements. We just need to keep him playing golf and out of the White House.

15 March 2025, 00:21

LHeym500

Market is up because Sen. Schumer has managed to stability by putting the JV squad in the in their pls d over a government shutdown.

I am glad for it.

04 April 2025, 19:17

MJines

Who could have imagined just a few months ago that one man's stupidity could drive the Dow below 40,000 . . . and not as a result of an external shock, a self-inflicted wound? Stunning. We took a functioning economy under a senile Democrat and have driven it into the ground to the point of threatening a recession. Mind boggling.

04 April 2025, 19:22

TomP

Somewhere there are brokers feeling relief that they can blame the market behavior on Trump instead of on a bubble that priced stocks at a P/E of 32 in a 6 percent interest rate environment.

Not that sledge-hammer tariffs are a boon to mankind, and Trump still is what he is, but he's not alone.

The evaporation of wheelbarrows of play money might have an effect on inflation, pain-for-gain.

04 April 2025, 19:52

ANTELOPEDUNDEE

quote:
Originally posted by MJines:
. . . market’s up, Trump must be playing golf and not doing stupid things or making asinine statements. We just need to keep him playing golf and out of the White House.

I believe that he has played golf every fucking weekend since he took office. His jaunts will end up costing the taxpayers over $150 million by year's end.

04 April 2025, 20:05

Tumbleweed

Don’t worry.

As soon as Trump and his billionaire buddies buy shitloads of stock at the bottom, the tariffs will come off, the markets will rebound, and gulf between you and Elon Musk will have become a bit wider.

I’d give the tariffs a week, tops, and Trump will boast how he’s taught the world not to mess with him. I think we’re watching one of the grandest, boldest market manipulations in history - and he’s untouchable, because nobody can ever prove it.