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

so parrots one who

had previously parroted that" the Fed is wrecking its balance sheet"

​

think before you parrot convenient false claims, as not everyone has 401k

, all this while being silent on the Repugs

, some wiser ones have shorted the market and bought gold.
while i m not that smart, but my synthetic short TSLA is in-the-money​

 

but...

 

Maybe? However, most of the experts did not believe a recession was coming, the odds were about 20% - now the odds are at like 60%.

So I am not saying you are crazy to believe a recession was coming - but that wasn't the popular belief as growth was projected at a very healthy 3%.

 

I have spent a lot of time studying German history.

The Stabbed in the Back Theory, which became popular after 1918 is something I have spent too much time looking into. I was opened to the idea that there was some sort of movement in the Jewish or Bolshevik communities in Germany/Austria that called for resistance during WWI or refused to fight in WWI. This would not be a defense for the treatment of Jews and Eastern Europeans by the Nazi's but at least an explanation.

I did not find a single credible statistic to support the theory. The reality is that a slightly higher rate of Jews volunteered to fight in WWI for Germany/Austria - when compared to other Germans. The same is true with casualties and those injured in the war - there were a higher rate of Jewish deaths/injuries.

Later on - after 1918 there were serious issues with Bolsheviks in Germany, and there were efforts to overthrow Germany by the Bolsheviks and parts of Germany and Austria were even controlled by Communists, but this was all post 1918. Same with Jewish solidarity in Germany, after the Nazi party pursued discriminatory policies against Jews - there were acts of terrorism by Jews, some Communist and some not.

At the end of the day, I think that Germans saw the land grabs and progress made in the East by Hindenburg and Ludendorff and failed to realize the loses they were taking against the French and English and Americans on the Western front. Ludendorff claimed that the incompetence of the Kaiser and Jews were the cause of the loss almost immediately after the war - as he was not happy that he did not get to rule the captured Prussian lands as he expected, and lost a lot of money.

 

Yeah, it's working out great isn't it?
Trump and his tariff madness is the cause of this....

Over 4,000 factory workers laid off as Trump tariffs spark economic chaos

A wave of mass layoffs across the U.S. exposes the real cost of Trump’s trade war, as union leaders and lawmakers warn of deepening instability in American manufacturing.

19 factories had mass layoffs, 15 closed, and 4,134 factory workers across America lost their jobs.

Cleveland-Cliffs laid off 1,200 workers in Michigan and Minnesota as they deal with the impact of Trump’s tariffs on steel and auto imports, and Automaker Stellantis announced Thursday that it would temporarily lay off 900 workers at plants in Michigan and Indiana.

Other companies initiating layoffs this week include Poultry distributor Perdue Farms, which cut 433 jobs in Tennessee, and Del Monte Foods, which eliminated 378 positions in California. John Deere laid off 9 employees in Iowa, with prior layoffs already numbering in the thousands. Semiconductor manufacturer Summit Interconnect shut down operations in Santa Ana, California, resulting in 74 job losses.

Mass layoffs also hit smaller manufacturers in Kentucky, Pennsylvania, Maryland, Washington, Texas, and Massachusetts. In total, more than 25 companies laid off workers this week alone, affecting nearly every region of the country.

https://www.nationofchange.org/2025...id-off-as-trump-tariffs-spark-economic-chaos/

Meanwhile, @raining threes must be cheering what's happening as Trump's great business strategy at work.

Let's see what excuse Trump and comes up with when our electric bills don't get cut in half this year as he promised. I'm sure @raining threes will defend that lie too.

 

Yes - this was almost 40 years ago, but beyond that, this is the same guy that died a painful death from cancer because be believed that modifying his diet was more reliable than cutting edge medical science.

Mileage may vary with Steve Jobs.

 

The current democratic leadership is old and out of touch with most Americans. I wouldn't say that the Democrats don't give a **** about what the lower 50% are going through, as much as they have failed to adapt to a changing world around them and they also failed to really understand the people they support - they got overly invested in social issues and not enough into class warfare.

Spreading LGBTQ+ and other DEI initiatives aren't popular with a lot of minorities in the USA, and also alienated a lot of people that the Democrats took for granted.

They voted for Trump - because they did not believe that Biden put them first. He was more concerned with illegal immigrants, dealings in Israel and Ukraine and LGBTQ+ and DEI issues - and not enough concerned with raw economic issues. As for Trump, at a minimum he said he would go against the status quo - and once Harris said she couldn't think of one thing she would do different than Biden, it was over.

People wanted change above all else - be careful what you ask for.

Americans don't know what they want - at least not as a cohesive unit - just that they want better than the status quo, and this isn't all COVID, this started before that.

It isn't parasitic as long as you are at the forefront of innovation. Indeed, if you want to talk about "parasitic", you need to look at the ultra wealthy in the USA which have a larger percentage of wealth than any anytime since the advent of the telephone.

 

So EU slaps 25% retaliatory tariffs on US goods. China slaps 34% retaliatory tariffs on US goods. Vietnam said they’d lower tariffs to 0 for US goods and we said not good enough. We can’t even make a deal with Israel. What happened to the 50+ countries lining up to deal?

Orange man knows how to deal. He’s way overplayed his hand and he’s too proud to back down. This is really going to get ugly when earnings are posted - and these earnings will be just a fraction of the pain there is to come next quarter. I don’t even think a few rate cuts and tax break to companies will begin to right the ship.

When he said a sick patient has to drink medicine did he mean bleach?

 

He does not care about tariff rates. He want other nations to buy from US, invest in US both in US treasuries and capital investments. He also wants to have a recession to lower interest rates.

 

I am open to the idea that one party can severely out negotiate another - it is uncommon, but it does happen and the person that out negotiates isn't always the person with a law degree from an Ivy League school. So - I have been open to the possibility, that Donald Trump could out negotiate other world leaders that perhaps are not used to negotiating with someone like him and with his background.

The problem is - when I look at the situation in Ukraine, I don't see how he hasn't completely neutered himself while the Kremlin has sat quiet. He has already moved the floor up several times for the Russians, while getting zero concessions from them. He has already put himself in a box with negotiating with both Russia and Ukraine and has made a peace actually less likely. At this point, the only way he can "undo" any of this is to walk away, and let Ukraine fall. I think the fact that he has screwed up the Ukraine situation is why he has so strongly turned attention towards tariffs.

I am sure his plan is to get some sort of concessions from the rest of the world and then play up how wonderful the concessions are and his supporters will believe it - like the Wizard behind the screen in Oz.

Someone like this has a limited shelf life in negotiations unless they actually cross the abyss.

 

Trump is such a psycho. His version of reality is anything but the state of things.





I mean, thousands of protests were going on around the country this weekend, people are getting fired and laid off left and right, his tariff madness is causing chaos, stocks are plummeting, and and he's acting like he just made things great. I guess he's been too busy golfing and hobnobbing with the rich to see how pissed off Americans are right now.

Trump’s Trade War Raises Bar for Fed Rate Cuts

Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.

https://www.nytimes.com/2025/04/07/business/federal-reserve-trump-tariffs-inflation.html

Tariffs will fuel inflation and slow growth, Dimon says

President Trump's sweeping new tariffs, and those levies will now fuel inflation and slow growth, JPMorgan Chase CEO Jamie Dimon says in his annual letter Monday.

Why it matters: Dimon, for decades one of the most powerful figures in global finance, offered his views not in a vacuum, but in the midst of a global market crisis sparked by the new import tax regime.

What he's saying: "There are many uncertainties surrounding the new tariff policy: the potential retaliatory actions, including on services, by other countries, the effect on confidence, the impact on investments and capital flows, the effect on corporate profits and the possible effect on the U.S. dollar," Dimon writes in the closely watched shareholder letter.

"The quicker this issue is resolved, the better because some of the negative effects increase cumulatively over time and would be hard to reverse. In the short run, I see this as one large additional straw on the camel's back."

https://www.axios.com/2025/04/07/jamie-dimon-annual-letter-2025

This is the Trump recession,’ CEOs say, with tariff price increases, job losses coming

“Disappointingly stupid and illogical,” is how one CEO described the tariffs. “Without faith that our government knows what it is doing, it is impossible for businesses to thrive.”

“Trump has imposed tariffs on component parts that are simply unavailable in the U.S. and never will be. He has surrounded himself with an incompetent cadre of yes men and women unable or unwilling to offer him cogent counsel,” said another.

https://www.cnbc.com/2025/04/07/tru...n-job-losses-coming-ceos-say-cnbc-survey.html

 

Question: Are we still angry at Musk?

 

Grasping for straws, huh?

 

Did I miss something or did Musk re establish the cfpb? You know the only agency out there to protect Americans from banking fraud or financial fraud? Should we be jumping up and down in joy that banks and financial institutions can **** us freely now without lube?

Americans have less protections now than they've ever had in the past 20 years and it's all bcz of Musk

 

SpaceBoy said "nobody buys American goods"

per the US Commerce Dept, the US exported 2,083 billion dollars of goods and services in 2024

https://www.bea.gov/

 

Were the second largest manufacturing country in the world with the world's largest consumption economy by a country mile.....