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Posted on 05/13/2025 11:37:46 AM PDT by ChicagoConservative27
Beege's excellent post on the financial bonanza that Trump's tariffs have brought highlights one side of the story that the Pravda Media didn't expect.
JP Morgan's reversal of its prediction that Trump's trade policy would usher in a recession tells the other side.
All the "best people" have missed the point of Trump's moves to reshape world trade.
JP Morgan's prediction that the tariffs would usher in a serious recession was not insane. Any economist will tell you that, all other things being equal, reducing the friction involved in people trading will reduce the efficiency of the market. Inefficient markets increase costs, reduce economic activity, and lead to lower growth.
(Excerpt) Read more at hotair.com ...
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Real output had been contracting since around the summer of 2021. There has been no real growth and everyone is poorer.
Cramer will be equally upset he pretty much guaranteed one but heck he also guaranteed a Harris victory so whatever Cramer says, know the opposite is gonna happen
And Trump is turning that around...
Yep. The usual game is for the Dems to foul things up and lay the consequences on the R that follows.
JPM was playing its role by staging the remedy (tariffs) as the cause. “Trump’s tariffs” appeared us SO many doom headlines.
In order save credibility they now flop over.
“And Trump is turning that around...”
He is. Bigly.
I now think Trump is the greatest president of at least the last 120 years. As good as Coolidge and Reagan were, they didn’t have battle the Terror State as Trump has had to do.
>>”Krugman will be upset”
And befuddled. For a Nobel Laureate in Economics, he’s not too bright, and ironically, he’s clueless about economics. That doesn’t sound possible, but there it is. He’s proven it time after time with his failed economic predictions.
What is he turning around ? The “tariffs are beautiful and more are even better” trade policy that JPM predicated its assumptions on hasn’t even started.
“Real output had been contracting since around the summer of 2021. There has been no real growth and everyone is poorer.”
Yeah, and my dog has fleas too.
He probably was taught by the same Economics Profs that taught AOC
Krugman is to economics as Neil deGrasse Tyson is to science.
Nassim Nicholas Taleb tells an amusing story about meeting Krugman (for whom he has no respect) and telling Krugman he was wrong about something. Krugman disagreed and claimed he was correct. Taleb started to present a counter-argument, beginning a statistical analysis to make his point. Krugman stopped him right away and explained that he “didn’t understand statistics”.
Funny. I had heard that statistics were pretty useful in the field of economics.
Q1 2025 was -0.3%, and so there is a small possibility of the mildest Recession ever if Q2 2025 isn't above 0... but the indicators do not seem to be headed in that direction.
That was fast...
They tried to scare people with talk of a recession that they would blame on Trump. Glad to see them eating their words.’
Don’t tell the college attendance certificate little girls and boys. They’ll throw massive tantrums and start dropping “F” bombs, tossing Molotov Cocktails and trampling little old ladies so they can set their Teslas on fire.
“… reducing the friction involved in people trading will reduce the efficiency of the market.”. Hard to take his writing serious when a glaring error is not corrected. Hopefully it’s a typo and not an error of logic.
Increasing friction leads to reduced efficiency. Decreasing friction increases efficiency.
“Krugman will be upset.”
Reading the comments, he isn’t alone.
“They tried to scare people with talk of a recession that they would blame on Trump.”
I’ve been through 7 or 8. I was poor during the first few, better off later. I’ve never understood all the angst over something that is necessary, periodic and brings the best opportunity periods.
GDP includes Gov’t spending on waste, abuse, graft and corruption.
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