*Cough* Russian asset *Cough, cough*SWIM wrote: Fri Apr 04, 2025 7:00 pmI got to admit I have never seen someone work so hard to set themselves on fire.
There are exactly zero economists on trumps advisory team that would have advised him to do this. It just makes no sense. I can’t understand it. Unless you just hate America and want it to suffer, I can’t figure out how widespread tarrifs were brought up.
I keep looking for respawn why he would do it and there are zero. If you want to try to force companies here to build factories here there are tarrifs that would be far less damaging to Americas interests.
That, and pulling a lot of AD and Military power from Asia to the Middle East. According to Trump, he just got us out of a forever war in the me. Now he is thirsty for Iran?
It just kinda makes me thing there is something on the horizon they aren’t telling us about. But it is simpler to think Trump is just this arrogant.
US economy (Feb. 2025: Unemployment ticks up to 4.1)
The essence of fascism is to make laws forbidding everything and then enforce them selectively against your enemies. -John LesCroart
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SWIM
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Yea, but he doesn’t know it…The Sisko wrote: Fri Apr 04, 2025 8:05 pm*Cough* Russian asset *Cough, cough*SWIM wrote: Fri Apr 04, 2025 7:00 pmI got to admit I have never seen someone work so hard to set themselves on fire.
There are exactly zero economists on trumps advisory team that would have advised him to do this. It just makes no sense. I can’t understand it. Unless you just hate America and want it to suffer, I can’t figure out how widespread tarrifs were brought up.
I keep looking for respawn why he would do it and there are zero. If you want to try to force companies here to build factories here there are tarrifs that would be far less damaging to Americas interests.
That, and pulling a lot of AD and Military power from Asia to the Middle East. According to Trump, he just got us out of a forever war in the me. Now he is thirsty for Iran?
It just kinda makes me thing there is something on the horizon they aren’t telling us about. But it is simpler to think Trump is just this arrogant.
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hail2skins
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88Commanders00
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They come out at the end of April. I'm sure the current administration will have beef with it.
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88Commanders00
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88Commanders00
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Consumer sentiment plunges 8%
Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on dozens of countries.
Consumer sentiment plunged 8% in April from the prior month, to a final reading of 52.2, the University of Michigan said in its latest survey released Friday. That was a slightly smaller decline than a preliminary reading from earlier this month, which didn’t capture people’s reaction to Trump’s 90-day tariff delay announced on April 9.
Sentiment in April was at its fourth-lowest level on records going back to 1952.
“While this month’s deterioration was particularly strong for middle-income families, expectations worsened for vast swaths of the population across age, education, income, and political affiliation,” Joanne Hsu, the survey’s director, said in a release. “Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead.”
Stocks briefly jumped off their lows as investors assessed the latest survey: The Dow was down 200 points, or 0.5%. The S&P 500 was down 0.15%. The Nasdaq Composite gained 0.1%.
Click on the link for the full article
Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on dozens of countries.
Consumer sentiment plunged 8% in April from the prior month, to a final reading of 52.2, the University of Michigan said in its latest survey released Friday. That was a slightly smaller decline than a preliminary reading from earlier this month, which didn’t capture people’s reaction to Trump’s 90-day tariff delay announced on April 9.
Sentiment in April was at its fourth-lowest level on records going back to 1952.
“While this month’s deterioration was particularly strong for middle-income families, expectations worsened for vast swaths of the population across age, education, income, and political affiliation,” Joanne Hsu, the survey’s director, said in a release. “Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead.”
Stocks briefly jumped off their lows as investors assessed the latest survey: The Dow was down 200 points, or 0.5%. The S&P 500 was down 0.15%. The Nasdaq Composite gained 0.1%.
Click on the link for the full article
A little more detail:Doyler23 wrote: Wed Apr 30, 2025 9:34 amTHe economy shrinks under Trump. -.3 which is worse than projected.
So. Much. Winning.
The U.S. economy shrinks as Trump's tariffs spark recession fears
As President Trump marks his 100th day in office this week, there's not much to celebrate about the U.S. economy.
Economic output is shrinking. The stock market has dropped sharply. And consumer confidence has tumbled to its lowest level since the onset of the COVID-19 pandemic.
That hardly looks like the new "golden age" the president promised on Inauguration Day just over three months ago.
Figures released by the Commerce Department Wednesday show that the United States' gross domestic product contracted at an annual rate of 0.3% in the first quarter of the year, after growing at a solid pace of 2.4% in the final months of 2024.
The quarterly GDP report covers the final weeks of the Biden administration and the early months of Trump's term, including the first rumblings of the president's new trade war. Growth was dragged down in part by a surge of imports, as businesses and consumers raced to stock up before Trump's sweeping tariffs took effect in early April. Imports are a net negative for GDP. Government spending was also down.
Click on the link for the full article