Somebody is making a ton of short-term gains in wild market swings, depending how close they are to tRump and his advisors...first it was the early Feb "25% tariffs on Canada and Mexico" announcement causing a yuuge market plunge, which then was followed by a "30-day reprieve" notice, and a yuuge market bounceback...then a few days ago the 25% tariff back on - no exceptions! - and another yuuge market drop...and then we get the "car-production exemption", with another market snap-back. Soon, during those $5mil. "featured dinners"at MAL, more carveouts will be booked, leading to more market volatility...wash/rinse/repeat.
After Musk gets done with the SEC, securities fraud prosecution will be nothing but a quaint anachronism, as the spivs, chancers, and wide-boys take hold of the equities markets, more so than already is the case.
Any idiot that works on Wall Street that thinks any of this nonsense is Good for them. Should not be where they are because they have no fucking idea what's coming. They will be unemployed very soon.
Their natural reflex is cut workers and enrich themselves so they associate DOGE + Trump’s actions as good policy. Moreover, they are about to get another tax cut.
"...many, maybe even most, of the [Wall Street types]… are still quietly cheering his move-fast-and-break-things approach." I've known a lot of Wall Street types--they're not the sharpest knives in the drawer. They like to think that they're savvy but they're incredibly uninformed and unknowledgeable about anything outside their little silos.
Another thing that has yet to percolate--but it will--is the impact of Trump's foreign policy on US weapon manufacturers. There is talk in Canada of cancelling the purchase of Aegis systems and F-35 fighters, worth tens of billions of dollars. The distinct possibility of the US pulling out of NATO and the administration's ideological disdain for liberal democracy suggest that buyers should not count on the reliability of US supplies (so sorry, Ukraine). The existence of literal killswitches in US weapon systems is debated, but we already know that HIMARS' capabilities 8be modified remotely, and that F-35s upload every mission data to US servers.
Trump had an exchange with a reporter who pointed out that buyers would pay the import tax, but Trump was adamant that 'the country does'.
Businesses want stability and if they invest $1 billion, they must feel secure that the investment will be profitable. Given Trump's volatile character, nothing is certain.
tRump is dumb as a rock. He has no idea what he and his court jester are doing. One things for sure. Its all very destructive. And we will all pay for this abhorrent election choice. Good luck MAGA world. Your fucked!
I've followed US news closely from distant Australia but only today have people started talking about the economic effects of government induced uncertainty.
I think it worth noting that uncertainty or a loss of trust can have long lasting effects. For starters we're stuck with Trump (President Vance would be no better) for nearly 4 years and no one is going to trust Trump as a stable actor for the next few years. Big investors also know the tarrifs could be taken off by a new President in 4 years - especially if they prove politically toxic which seems probable. With no confidence about the tariff environment for 4-5 years that's really going to make investors wary of big long term investments.
Nicole’s tweet (blue? Sky? Whats the verbiage?) is straight up Orwellian. I have no hopes, but my Lord — this SHOULD serve as a great lesson for everyone about the riches, intelligence, work ethic, etc.
We can see further uncertainty in the likely response to the two graphs shown in your post. Both use readily available and long-respected sources of information. It's clear that the current trend is not only to distrust such data, but also to actively suppress it by dissolving the sources. Brian Fichter's comment shows us the result in one realm, but we're seeing it implemented across the board.
In support of Joe Lunchbucket, the Dems were once great supporters of tariffs. And the Repubs ferocious opponents (Milton Friedman, anyone?). Now it's reversed. The Repubs are supporting tariffs and citing Joe Lunchbucket, with the Dems opposed. This is a remarkable shift.
Bad for YOUR model economy, maybe. Losses due to uncertainty may be real gains for certain other people's fortunes, dude. When you've got nothing, you've got nothing to lose. So what if public welfare drops by a third if the South rises again? So what if your grandchildren go barefoot? So what if Putin makes a bundle? The MAGA coalition successfully shot the moon with a goal of both economic gains and settling some old and some new sectional scores, too. They now hold the liberal international economic order hostage and I expect they'll be looking to transact some serious wealth redistribution before they're forced to let go. Maybe the courts won't fail us, but while we're waiting to find out, I think we should be working on some fresh ideas for playing out the next hand. Like maybe some constitutional restructuring
"They seem hell-bent on governing in a state of permanent revolution."
That is EXACTLY their goal. The shake-up is the point. Chaos is the point. Instability is the point. These idiots thrive on uncertainty. It makes them feel powerful over everyone because they believe that the rest of us can't function without the status quo.
False economic statistics are of course a staple in authoritarian regimes.
Somebody is making a ton of short-term gains in wild market swings, depending how close they are to tRump and his advisors...first it was the early Feb "25% tariffs on Canada and Mexico" announcement causing a yuuge market plunge, which then was followed by a "30-day reprieve" notice, and a yuuge market bounceback...then a few days ago the 25% tariff back on - no exceptions! - and another yuuge market drop...and then we get the "car-production exemption", with another market snap-back. Soon, during those $5mil. "featured dinners"at MAL, more carveouts will be booked, leading to more market volatility...wash/rinse/repeat.
After Musk gets done with the SEC, securities fraud prosecution will be nothing but a quaint anachronism, as the spivs, chancers, and wide-boys take hold of the equities markets, more so than already is the case.
Stay in cash, people.
Any idiot that works on Wall Street that thinks any of this nonsense is Good for them. Should not be where they are because they have no fucking idea what's coming. They will be unemployed very soon.
Their natural reflex is cut workers and enrich themselves so they associate DOGE + Trump’s actions as good policy. Moreover, they are about to get another tax cut.
"...many, maybe even most, of the [Wall Street types]… are still quietly cheering his move-fast-and-break-things approach." I've known a lot of Wall Street types--they're not the sharpest knives in the drawer. They like to think that they're savvy but they're incredibly uninformed and unknowledgeable about anything outside their little silos.
Another thing that has yet to percolate--but it will--is the impact of Trump's foreign policy on US weapon manufacturers. There is talk in Canada of cancelling the purchase of Aegis systems and F-35 fighters, worth tens of billions of dollars. The distinct possibility of the US pulling out of NATO and the administration's ideological disdain for liberal democracy suggest that buyers should not count on the reliability of US supplies (so sorry, Ukraine). The existence of literal killswitches in US weapon systems is debated, but we already know that HIMARS' capabilities 8be modified remotely, and that F-35s upload every mission data to US servers.
Trump had an exchange with a reporter who pointed out that buyers would pay the import tax, but Trump was adamant that 'the country does'.
Businesses want stability and if they invest $1 billion, they must feel secure that the investment will be profitable. Given Trump's volatile character, nothing is certain.
tRump is dumb as a rock. He has no idea what he and his court jester are doing. One things for sure. Its all very destructive. And we will all pay for this abhorrent election choice. Good luck MAGA world. Your fucked!
I've followed US news closely from distant Australia but only today have people started talking about the economic effects of government induced uncertainty.
I think it worth noting that uncertainty or a loss of trust can have long lasting effects. For starters we're stuck with Trump (President Vance would be no better) for nearly 4 years and no one is going to trust Trump as a stable actor for the next few years. Big investors also know the tarrifs could be taken off by a new President in 4 years - especially if they prove politically toxic which seems probable. With no confidence about the tariff environment for 4-5 years that's really going to make investors wary of big long term investments.
Nicole’s tweet (blue? Sky? Whats the verbiage?) is straight up Orwellian. I have no hopes, but my Lord — this SHOULD serve as a great lesson for everyone about the riches, intelligence, work ethic, etc.
We can see further uncertainty in the likely response to the two graphs shown in your post. Both use readily available and long-respected sources of information. It's clear that the current trend is not only to distrust such data, but also to actively suppress it by dissolving the sources. Brian Fichter's comment shows us the result in one realm, but we're seeing it implemented across the board.
In support of Joe Lunchbucket, the Dems were once great supporters of tariffs. And the Repubs ferocious opponents (Milton Friedman, anyone?). Now it's reversed. The Repubs are supporting tariffs and citing Joe Lunchbucket, with the Dems opposed. This is a remarkable shift.
Bad for YOUR model economy, maybe. Losses due to uncertainty may be real gains for certain other people's fortunes, dude. When you've got nothing, you've got nothing to lose. So what if public welfare drops by a third if the South rises again? So what if your grandchildren go barefoot? So what if Putin makes a bundle? The MAGA coalition successfully shot the moon with a goal of both economic gains and settling some old and some new sectional scores, too. They now hold the liberal international economic order hostage and I expect they'll be looking to transact some serious wealth redistribution before they're forced to let go. Maybe the courts won't fail us, but while we're waiting to find out, I think we should be working on some fresh ideas for playing out the next hand. Like maybe some constitutional restructuring
"They seem hell-bent on governing in a state of permanent revolution."
That is EXACTLY their goal. The shake-up is the point. Chaos is the point. Instability is the point. These idiots thrive on uncertainty. It makes them feel powerful over everyone because they believe that the rest of us can't function without the status quo.