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"President Donald Trump, while en route to Italy for Pope Francis’ funeral, seemed to be more focused on football."
Reminiscent of one of his predecessors.
"On Nov. 15, 1969, the Vietnam Moratorium Committee staged what [was] believed to be the largest antiwar protest in United States history when as many as half a million people attended a mostly peaceful demonstration in Washington."
"On the day of the November march, Nixon devoted the morning to foreign policy and announced to reporters that he was going to spend the afternoon the right way: 'It was a good day to watch a football game.'"
I'd reference a Pete Seeger song of the era but I wouldn't want to be accused of playing the Nazi card.
In the weeks ahead, the markets will get another bump when our grand leader steps up to the mic and claims that the US has scored MASSIVE tariff victories on a list of various countries (including Penguin island), but not China and probably not the EU. Calling them victories will be debatable due to lack of details provided, but the knee-jerk reaction will be another market rally. Traders will fade that rally.
When the dust settles, China will be there staring us down. U.S. store shelves will be getting more empty by the day. Our grand leader clearly "overplayed his hand", a reference he once used on Zelensky.
There's the small issues of inflation spiking, companies trying to feel out guidance of any kind and fading confidence in U.S. leadership's competence. Market volatility will continue as our grand leader cannot remain in the shadows for more than a 4 hour period.
No surprise from someone who never takes responsibility for bad outcomes arising from his own actions! He truly doesn't know the meaning of "The buck stops here."
Peter Navarro is delusional .... on CNBC: says this morning's horrible economic numbers are actually good news because if you remove the effect of tariffs "you have 3 percent growth. So we really like where we're at now."
That's the same BS economists use to spin data when drawing distinctions between 'CPI' and 'core CPI' which excludes food/fuel -- 2 major day-to-day expenses in a person's life.
You wonder why Musk called Navarro “dumber than a sack of brick”. You look at Navarro’s tariff equation and you have to ask does he know his basic math. I thought getting doctorate economics degrees from major universities requires basic algebra.
The odd of recession is over 50% and the full tariffs impact has yet all play out. Question is, what are you plan going forward?
it appears 'useless' non-party career staff responsible for contractual language and legals no longer exist, so unclear what fox news will wave around as proof of deals.
safer assumption may be other sides are not expecting compliance from trump...see his tweaked nafta from term 1. or simpler, trump gets bored when bribes no longer likely, signs a blanket trade eo to retract hundredsome prior that served publicity purpose.
2024 Election vote count: Trump wins with 49.9% of votes. I've tried and tried to find a full tally of votes which includes the "minor" candidates, not just Dem and Rep, but by now it seems like every source I check wants us to think that Trumpster and Harris were the only choices. (SHIT!) https://newsinteractives.cbc.ca/elections/us/2024/results/
Peter Navarro is delusional .... on CNBC: says this morning's horrible economic numbers are actually good news because if you remove the effect of tariffs "you have 3 percent growth. So we really like where we're at now."
That's the same BS economists use to spin data when drawing distinctions between 'CPI' and 'core CPI' which excludes food/fuel -- 2 major day-to-day expenses in a person's life.
While I think he's getting it wrong, what he is doing is different from stripping out food/fuel from CPI.
Thumbnail version: GDP = C (personal consumer expenditures) + I (gross private investment) + G (government purchases) + NX (net exports)
If private companies increase inventory, that adds to "I", regardless of who produces the inventory items. So we have to subtract out those items that were imported to get to what was produced domestically. (This is done with the NX term.) Subtracting out a quantity that doesn't comprise GDP is different from subtracting out fuel/food which is part of CPI.
Companies were buying tons of imports in the leadup to tariffs. That's why we have the 21.9% jump in private investment. I haven't identified where his net (of import) 3% figure comes from. I have guesses, but macro isn't my strong suit and it's not worth my spending more time wading through the numbers.
Hello, David. I saw those, too. They offer State totals. I'd have to add 50 State totals together in order to get the national total of votes for the likes of Jill Stein. I don't want to bother.
Off the thread subject, but issue resolved. @davidrmoran and @Crash Okay. Not the page I had months ago; but the numbers for all candidates are HERE. Scroll down a bit for the NATIONAL totals. You'll have to do the math and possibilities with numbers going to other candidates. Source = Ballotpedia
So the markets are indicating they can soldier on. China standoff still seems to loom large, plus aren't vehicles and most retail goods going to cost more soon? Potential supply chain issues have disappeared from the radar as well.
Such scenarios are ignored - the assumption must now be that China will eventually settle. Don't know that I share such optimism.
Comments
Reminiscent of one of his predecessors.
"On Nov. 15, 1969, the Vietnam Moratorium Committee staged what [was] believed to be the largest antiwar protest in United States history when as many as half a million people attended a mostly peaceful demonstration in Washington."
"On the day of the November march, Nixon devoted the morning to foreign policy and announced to reporters that he was going to spend the afternoon the right way: 'It was a good day to watch a football game.'"
I'd reference a Pete Seeger song of the era but I wouldn't want to be accused of playing the Nazi card.
When the dust settles, China will be there staring us down. U.S. store shelves will be getting more empty by the day. Our grand leader clearly "overplayed his hand", a reference he once used on Zelensky.
There's the small issues of inflation spiking, companies trying to feel out guidance of any kind and fading confidence in U.S. leadership's competence. Market volatility will continue as our grand leader cannot remain in the shadows for more than a 4 hour period.
Tell me I am wrong.
huh ?
it seems somebody understands the word 'plurality', but not the word 'large'.
https://www.cnbc.com/2025/04/30/trump-gdp-tariffs-biden-overhang.html
As soon as the econ data broke this AM, the missus said to me, "He'll blame Biden!"
He truly doesn't know the meaning of "The buck stops here."
No accountability. Man up, dude. Would be refreshing.
Peter Navarro is delusional .... on CNBC: says this morning's horrible economic numbers are actually good news because if you remove the effect of tariffs "you have 3 percent growth. So we really like where we're at now."
That's the same BS economists use to spin data when drawing distinctions between 'CPI' and 'core CPI' which excludes food/fuel -- 2 major day-to-day expenses in a person's life.
https://www.youtube.com/watch?v=_DyNjjSxO8s
The odd of recession is over 50% and the full tariffs impact has yet all play out. Question is, what are you plan going forward?
The odd of recession is over 50% and the full tariffs impact has yet all play out. Question is, what are you plan going forward?
back2subject:
it appears 'useless' non-party career staff responsible for contractual language and legals no longer exist, so unclear what fox news will wave around as proof of deals.
safer assumption may be other sides are not expecting compliance from trump...see his tweaked nafta from term 1.
or simpler, trump gets bored when bribes no longer likely, signs a blanket trade eo to retract hundredsome prior that served publicity purpose.
https://newsinteractives.cbc.ca/elections/us/2024/results/
H, lmgtfy
https://www.fec.gov/resources/cms-content/documents/2024presgeresults.pdf
https://en.wikipedia.org/wiki/2024_United_States_presidential_election
Thumbnail version:
GDP =
C (personal consumer expenditures) + I (gross private investment) + G (government purchases) +
NX (net exports)
If private companies increase inventory, that adds to "I", regardless of who produces the inventory items. So we have to subtract out those items that were imported to get to what was produced domestically. (This is done with the NX term.) Subtracting out a quantity that doesn't comprise GDP is different from subtracting out fuel/food which is part of CPI.
---
Navarro is looking at the 21.9% increase in gross private domestic investment. The "domestic" part just means that purchases are by companies in the US; it doesn't mean that the purchases are only of domestic products.
https://www.bea.gov/help/glossary/gross-private-domestic-investment
Companies were buying tons of imports in the leadup to tariffs. That's why we have the 21.9% jump in private investment. I haven't identified where his net (of import) 3% figure comes from. I have guesses, but macro isn't my strong suit and it's not worth my spending more time wading through the numbers.
https://www.newsnationnow.com/politics/2024-election/how-jill-stein-fared-2024-election/
628k
https://www.aljazeera.com/economy/2025/5/1/ryanair-threatens-cancelling-boeing-aircraft-order-amid-tariffs-report
Okay. Not the page I had months ago; but the numbers for all candidates are HERE. Scroll down a bit for the NATIONAL totals. You'll have to do the math and possibilities with numbers going to other candidates. Source = Ballotpedia
Such scenarios are ignored - the assumption must now be that China will eventually settle. Don't know that I share such optimism.
Tough to invest in this kind of environment.