Posted on 03/03/2025 6:45:27 AM PST by lasereye
Surprise the robber barons who been getting a few billion richer outsourcing the US Economy are pissed at Trump
We do not have this magical “free trade” fairy. If we did, there would be no such thing as reciprocal tariffs
Your comment is an example of why I try to read a thread, before posting. You saved me the trouble of posting it. Trump knows what he is doing.
Lol Trump been President 6 weeks and the economy in recession is his fault?
Please tell me the US people are not this ignorant
Don’t overlook the beneficial effects of corporate tax cuts.
+1 Excellent post.
Consumer Spending was down in January.
Always down post-Christmas. Plus severe cold weather.
Yes, consumer spending is always down in January post Christmas. The Commerce Department takes that into consideration and does what is called “Seasonally Adjusted”.
Spending, even seasonally adjusted was down .2%. It is the first drop in two years.
‘ As of March 2023 Skybridge’s assets had dwindled to about $2 billion from a peak of $9 billion in 2015. Investors lost about 30% of their value from the beginning of 2020 through March 2023, 39% in calendar 2022. “
https://en.wikipedia.org/wiki/SkyBridge_Capital#:~:text=It%20has%20offices%20located%20in,%2C%2039%25%20in%20calendar%202022.
You give much too much credit to some of the American people.
I subscribe to a guy who calls himself Reventure Consulting on YouTube.
He is mostly trying to sell a Real Estate App for “X” amount per month. He has been calling a top in the real estate for a couple years. I have no relationship what so ever to this guy. I just think he is correct.
He also pointed out just recently that consumer spending was down for the first time in two years.
Other people have been reporting on the slow down in Mortgage applications.
Others have reported on the credit card defaults.
On the increase in repossessions of automobiles.
Then there is the fact that one of the best investors in the world (Warren Buffet) has been selling a fair amount of Berkshire Hathaway's stock portfolio. Plus BH is sitting on the largest CASH position in the history of the company.
This is because they believe the stock market is overvalued and there is nothing worth buying.
But, yes when there is a DEMOCRAT POTUS the MSM tends to try and NOT report bad economic news. As soon as a Republican is elected that all changes. It effects consumer sentiment.
Nobody cares what Mooch says. He’s just a grifter.
They keep trying to scare us with the tariff bogeyman. Right now, other countries are screwing us over and President Trump is using tariffs to make them come back in line.
They will negotiate and the tariffs either will not happen or will not last long. Let them whine.
The best the news media can dig up is a guy that hates President Trump who lasted about 11 days before getting fired.
Seriously, every scare pe=iece is written by people that literally hate Present Trump and I am supposed to give them even a minutes pause...
What?
Tell that to the stock market.
"I don't think this sort of blanket approach is the right way to do it, and I think he's [Trump] is going to put us into a recession, frankly," Scaramucci told me at the Bitcoin Investor Week conference.
Wall Street also seems to think that it could negatively impact the economy. It would cause the prices of many things to go up. That has to result in consumers buying less.
A recession has been predicted for many month now.
Great article. And no Congress ‘critter has a right to complain.
Instituting tariff’s is a plenary power of Congress. Of course unless they delegate that authority to the Executive which they did years ago. LOL!
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