Posted on 04/05/2025 11:39:50 AM PDT by Miami Rebel
As I said on post #14:
“Trump is saying that there has been $5T dollars of investments based on companies and countries announcing said investments. Saudi Arabia, Taiwan, Apple, TSMC, Honda, Hyundai, the Stargate Project, etc, etc, etc.”
That doesn’t pass muster.
First of all, pledges don’t mean real money will change hands. Google “wisconsin foxconn.”
Second, the examples you cite don’t come close to $5 trillion....AND THEY WERE ALL PLEDGED WELL BEFORE OUR TRADE WAR. They have NO correlation to raising tariffs astronomically. The Saudis...who I’d trust as far as I can throw...pledged $600 billion. Hyundai pledge $15 billion, Apple $500 billion, Honda $1 billion, Taiwan Semi $100 billion, Stargate $500 billion. All are multi-year pledges which can delayed, extended, or withdrawn at any time.
I get that you are questioning Trump’s claim. As I have posted before, we should all be skeptical of any claims, even (especially) if they are “saying what we want to hear”. But your characterization of Trump’s post as claiming “stock market losses = $5B investment” is clearly wrong, and you know it.
https://x.com/WhiteHouse/status/1907431997263217007
Volker tamed inflation in the early 80s with long term rates of 15%. But he did so with a debt/GDP of 30% - not at 124% where it is now. Reagans prosperity came with falling interest rates, but also large budget deficits and large current account deficits.
The same interest would be absolutely impossible today. We have blown such a debt bubble with our fiat, printed currency, the Government would be bankrupted.
You meant 5 trillion, not 5 billion, but I DON’T know that I’m clearly wrong. If it’s not stock market losses, what exactly is it? Because we absolutely know that five trillion in new investment hasn’t been committed.
Yes, I meant Trillion. I gave you an official White House source in post 22 that shows exactly what Trump meant. We can agree that the “$5 Trillion in commitments” is nothing more than promises at this time, and we should all be skeptical. Trump is obviously trying to put a positive spin on the situation.
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