The economy
- Thread starter Rastafarian
- Start date
As @Mit has shown, @JoeBiden’s most lasting impact will be that of driving up federal spending to the point where it accounted for over 40% of the 2022 inflation surge, leading to the biggest cost of living increase in four decades.
Thanks to @POTUS, last year’s calendar year deficit fell sharply, from nearly 7% of GDP in 2024 to just 5.4% in 2025.
They are going to crush earnings. Let's revisit this post on Feb 26th
I agree, but to be fair it won’t affect my course of action either way. Buy buy buy.
They’re up what, 70% in the past year, and people panic sell over a 10% slide. It’s insane.
What is 'manufactoring activity'? I ask because, I'm pretty sure no one here has ever even heard the term as it relates to the economy. Mostly we focus on job openings and unemployment rates in those sectors because that illustrates how healthy the supply and demand are for those industries.
I tend to agree as well, however, that has been the policy set forth by Nixon, carried on by Regan, Clinton, Bushes and Obama.
The boomers got super rich doing it. Now we are paying the mortgage.
What kills me personally about this, is one of my best friends was super duper early on ETH. He literally bought his house with it. Well, he just got laid off due to corporate restructuring. He's got a great severance package but, man, this happening at the same time is killing him. As he still has substantial holdings there.
I agree with you. Out of the bubble, they are the one actually creating value. The rest of them, are tenuous.
I believe goog is a good value creator also. The rest …… meh
I've heard of it...Measured by the government...
FYI
Yes, the U.S. government heavily measures manufacturing activity through multiple agencies to assess economic health, producing key indicators like the Census Bureau’s M3 survey (shipments, inventories, orders), the Bureau of Labor Statistics (BLS) employment data, and the Federal Reserve’s industrial production index. These reports monitor production levels, new orders, and capacity utilization, which are critical for tracking GDP and economic trend
So its one metric which the BLS considers. Along side unemployment rates and jobs. Right?
They make a concrete product with a range of applications, something along the lines of selling shovels in a gold rush. You want to do heavy machine learning for whatever reason? You're probably doing it on an Nvidia GPU. It's pretty remarkable that all this came from people realizing that you can apply the tools from rendering computer graphics to machine learning.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
so far the trump economy seems to be great if you're at the upper end of the food chain...lower end maybe not so much. The dichotomy, is that the numbers look great..GDP up, inflation down to steady, prices coming down (some of them), real wages going up, manufacturing numbers solid, stock market up adding to wealth effect for those invested,. But there are downsides...employment is slowing and has been for the last 6 months, (but the unemployment rate is still very good historically) , while some prices are coming down, most don't seem to be, housing affordability still a major issue, interest rates still too high, electricity rates higher, and most importantly, a lot of people are having a hard time making it financially from 1st of month to last day of month.
Seems as if these are the best of times (for some) and the worst of times (for others)
ABC News (@abcnews) on Threads
President Trump's tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan Tax Foundation. The cost is set to go even higher this year to $1,300 per household, assuming the existing tariffs stay in place, the research said.
www.threads.com
Idk if you have me blocked or not still, but is this not the Republican playbook? You've been around for a bit, but historically, the "trickle down economics" thing has been kind of the standard for the right in America since WWII. If the richest in America are doing well, it will effect and benefit the working class.
I'd argue it does and hasn't done no such thing in the past 40 years I've been alive, but that's the narrative you seem to be contradicting. Any thoughts there?
people could quibble over the amount per family, but there's no question, in my mind at least, that tariffs are costing American consumers somethingABC News (@abcnews) on Threads
President Trump's tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan Tax Foundation. The cost is set to go even higher this year to $1,300 per household, assuming the existing tariffs stay in place, the research said.
Reagan managed to convince all of the poverty line dummies in red states that getting their kneepads out for corporations and billionaires would TRiCkLe DoWN all kinds of benefits...utter bullshvt of course as we now know.
The US Stock Market is at record highs.
3 million more American have Jobs than when Trump took office and 1 million less foreigners.
The trade deficit has been cut in half, and America's GDP is growing faster than China's for the first time in decades.
Inflation is under 3%, and wages are growing at 5%. That is called real wage growth, and Trump is the only President to achieve it in my lifetime.
Trump's tariffs are brilliant!
If tariffs cost me $1,000 and inflation goes from 8% to 1%, most of America is going to be good with that.ABC News (@abcnews) on Threads
President Trump's tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan Tax Foundation. The cost is set to go even higher this year to $1,300 per household, assuming the existing tariffs stay in place, the research said.
You would have to spend ~$17k a year to save that $1k (unless my math is off, very possible.
Even low income people spend more than $20k a year and would be better off WITH tariffs and WITHOUT massive inflation.
You can adjust the math, but this is not the winning argument you think it is
Is my math wrong?
You only need to spend $20k a year to save that $1k
Almost everyone would be better off with tariffs and without high inflation.
I don’t think it was utter bvllsgit.
The standard of living for the lowest class is much higher than it was in the 80’s.
We all want both, but that not usually how economics work.
But if you want high growth and low inflation, you clearly would vote republican.
And by all means Trump has growth higher than Biden AND his record high inflation.
Will Amy Democrat admit they were wrong on tariffs?
The Democrat talking points when they were implemented was that they would cause rampant inflation
That never materialized and in fact inflation is measuring 50% below the intended target of 2% according to Truflation.
Any democrats want to admit being wrong?
The Democrat talking points when they were implemented was that they would cause rampant inflation
That never materialized and in fact inflation is measuring 50% below the intended target of 2% according to Truflation.
Any democrats want to admit being wrong?