[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

The fact that Trump keeps going back to this makes me think he is genuinely scared the SC is going to go against him on the tarrifs. He's desperately trying to boost their popularity. Which, of course, in turn shows how out of touch with the public he is if he thinks he can create a large enough groundswell of support to influence the court.

 

FYI: The Big Short guy just placed a $1 billion short bet against some AI firms.

 

whenever Trump gets really desperate, he starts trying to buy votes and support

all that “tariff revenue” he keeps playing up to his low IQ supporters is basically money from increased prices paid by consumers thanks to him…and he keeps saying we’ve brought in trillions of dollars via tariffs which is of course a lie

1st it was DOGE checks which of course never came because DOGE barely saved any money, and now in the past 2 days he’s thrown out 50 year mortgages, health insurance checks, and now tariffs checks

 

He left out the part that by saving $290 bucks on your mortgage with a 50 year loan, not including taxes and insurance you pay $400,000 more for your house.

A $400,000 loan with a 6% interest rate, a simple comparison using an amortization calculator shows you’d get a monthly mortgage payment of $2,398 under a 30-year loan, and $2,105 under a 50-year loan. Those numbers do not include taxes or insurance.

The interest paid under a 30-year loan calculates to $463,352, and calculates to nearly double that at $863,371 under a 50-year loan.

 

Much like the 7+ year car loans, it doesn't make things more affordable, but rather encourages people to take on more debt to buy things they can't afford. But hey, it will drive up home prices to make more money for those already owning homes and for home builders.

 

It was on "water" first, and that's still a brilliant long-term play.

 

When Bessent was asked this yesterday, he stuttered through it trying to figure out an answer, it was hilarious