“Despite steady GDP growth, low inflation, low unemployment, and record high stock prices, Americans told pollsters in 2024 that they were deeply unhappy with how Joe Biden had handled the U.S. economy. So they elected Donald Trump, who promised to lower costs for average Americans, create a new era of U.S. manufacturing and domestic investment, and so on.
How is that working out? Well, the Atlanta Fed now projects that the U.S. economy will shrink at an annualized rate of 2.8% in the first quarter of Trump’s presidency.”
ModernMaroon on
1. If that’s a real picture that’s a tiny ass bat.
2. > Private consumption is stagnating or falling, as you’d expect from tariffs making consumption more expensive — the Wall Street Journal has a good rundown of just a few of the things that are going to get more expensive for regular Americans (gasoline, food, electricity, home goods). Residential investment is stagnating or falling, because building houses requires imported inputs too. Exports are stagnating or falling, because tariffs make the U.S. dollar less competitive, and because Canada, Mexico, Europe, and China are bound to retaliate. After all, the countries that Trump is putting tariffs on are the same countries that buy the most U.S. exports:
So basically we’ve fucked ourselves for nothing.
PriestKingofMinos on
I’m starting to think Trump is some kind of KGB sleeper agent who woke up a few decades too late. Really think about it
* Hates free trade and claims it exploits and hurts the poor
* Is handing Asia over to China for free
* Routinely sides with Moscow and capitulates to them
* Wants Maoist style self-sufficiency for America
* Saluted a North Korean general
* Wants an East German style border wall
Lol-I-Wear-Hats on
What a shame Noah’s a dumbass
Financial_Army_5557 on
Irrelevant to the topic in hand but is Noah some globally reputed blogger? Seeing many of his posts here
6 Comments
“Despite steady GDP growth, low inflation, low unemployment, and record high stock prices, Americans told pollsters in 2024 that they were deeply unhappy with how Joe Biden had handled the U.S. economy. So they elected Donald Trump, who promised to lower costs for average Americans, create a new era of U.S. manufacturing and domestic investment, and so on.
How is that working out? Well, the Atlanta Fed now projects that the U.S. economy will shrink at an annualized rate of 2.8% in the first quarter of Trump’s presidency.”
1. If that’s a real picture that’s a tiny ass bat.
2. > Private consumption is stagnating or falling, as you’d expect from tariffs making consumption more expensive — the Wall Street Journal has a good rundown of just a few of the things that are going to get more expensive for regular Americans (gasoline, food, electricity, home goods). Residential investment is stagnating or falling, because building houses requires imported inputs too. Exports are stagnating or falling, because tariffs make the U.S. dollar less competitive, and because Canada, Mexico, Europe, and China are bound to retaliate. After all, the countries that Trump is putting tariffs on are the same countries that buy the most U.S. exports:
So basically we’ve fucked ourselves for nothing.
I’m starting to think Trump is some kind of KGB sleeper agent who woke up a few decades too late. Really think about it
* Hates free trade and claims it exploits and hurts the poor
* Is handing Asia over to China for free
* Routinely sides with Moscow and capitulates to them
* Wants Maoist style self-sufficiency for America
* Saluted a North Korean general
* Wants an East German style border wall
What a shame Noah’s a dumbass
Irrelevant to the topic in hand but is Noah some globally reputed blogger? Seeing many of his posts here
https://preview.redd.it/w9x6ewz835ne1.jpeg?width=1440&format=pjpg&auto=webp&s=566d8c5704355f5d6121bce1a942dd8d3d30bd1a
Deciding which ally to tariff next