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America faces a Trumpian economic slowdown

economist.com

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Re: America faces a Trumpian economic slowdown

#51

Post by milch »

edoceo wrote: post #19
DamnYuppie wrote: post #15

Earlier quoted context omitted.

Well rich people already own most assets. Why would they want their holdings to lose value? Market crashes hurt HNWI's the most, as they have the most exposure. I am not sure if you feel the second point follows on from the first or stands on its own? I will respond to it as a separate issue and I take it to mean the economy as a whole and not just residences. That being said I agree it is the goal of companies to mo…

Market crash won't hurt the super wealthy. Oh no! My assets went to 60m down from 100m! Day to day spending pressure is what tanks. Economy depends on money flow. Most of that flow is necessities (shelter, food)

Isn't it kind of sad that 100M doesn't even count as super wealthy anymore? That's missing 3 zeros. Yes 100M is enough that you never have to work again and can basically go anywhere and do anything you want in boundless luxury, but it also doesn't even cover the cost of one (1) boat purchased by the actual super wealthy

Re: America faces a Trumpian economic slowdown

#52

Post by throwaway657656 »

daveguy wrote: post #34
chairmansteve wrote: post #22

Earlier quoted context omitted.

The propaganda machine just needs to kick in. They will all be doing Elon salutes in 6 months.

Do you realize how many people don't give two shits about social media or Elon Musk but love to hear from their friends and family? This is not difficult. There are so many ways to broach the subject. Some examples that I feel: I thought Trump was going to lower grocery prices. Who put Elon in charge of dismantling the US government? Why does Trump want a hotel in Gaza of all the ridiculous things you could possibly…

Do you realize that this cult has marinated their brain in propaganda, like Fox News, for years/decades and their politic beliefs are now their identity. There is no possible conversion therapy. They have to awake on their own.

>>This is not difficult

Right! It is impossible not difficult.

Re: America faces a Trumpian economic slowdown

#53

Post by atmavatar »

MarcelOlsz wrote: post #33
galimalint wrote: post #20

Earlier quoted context omitted.

[flagged]

I cannot entertain any arguments besides rich vs poor when we have arguably the worst income inequality ever. Not that there aren't problems with the "bureaucracy" you mention, but fundamentally these are your friends and coworkers, while billionaires are not. I think your priorities are inverted. It is always about rich vs poor first because we live in a material world. Everything else is secondary and downstream. I…

> capitalism has served its purpose of seeding the economy ages ago, and now we are 'over the hump' so to speak as we watch wealth concentrate further and its effects.

I think capitalism as a system is capable of serving the general public.

The bigger problem has been that every Republican administration in my lifetime has passed huge tax cuts for the wealthy and both parties have allowed significant consolidation while also falling all over themselves to bail out big business whenever they got in trouble (often due to their own irresponsibility) while wagging their fingers at regular people suffering the downstream effects.

Re: America faces a Trumpian economic slowdown

#55

Post by jrs235 »

yongjik wrote: post #50
MarcelOlsz wrote: post #3

The goal is to destabilize and crater the economy then have the rich scoop it up for cheap right? With the goal of moving closer and closer to a pure rentier economy?

I don't think cratering the economy actually helps Trump, Musk, or their billionaire friends. Billionaires need a functioning economy to continuously make money. Economic implosion might bring a period of horrible instability after which a few of them may end up at the top, but it's with a non-negligible chance of things like "We triggered a war and all my investment has burnt down" or other nice stuff. My best guess…

These folks want power (control). What's more powerful? Owning 99.99% of all wealth valued at $1 trillion. Or owning 90% of all wealth valued at $100 trillion? Remember it's not about money, it's about power (aka control)...

Re: America faces a Trumpian economic slowdown

#57

Post by mercer »

-1 wrote: post #32

I’m no deal maker, but it could maybe help if the US avoided pissing off its largest customer - Canada: “ The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion). U.S. goods exports to the European Union 27 were $350.8 billion.” https://ustr.gov/countries-regions

lol, they're pissing off 4 of those actively, or am I getting the count wrong?

Re: America faces a Trumpian economic slowdown

#59

Post by Paradigma11 »

daveguy wrote: post #8
bognition wrote: post #4

I’m seriously concerned that the market is going you crater in the next year, do what is the rational investment strategy? Trust Buffett and buy BRKB? Try to weather the storm with VOO? Buy treasury bonds?

Tell your representatives to get their head out of their asses? Democrats: why aren't you more engaged with this? Republicans: How did lowering grocery prices turn into dismantling the services of our government, kissing Putin's rear, and daydreaming about Trump Hotel Gaza? Also, let your friends, family, and loved ones know how you feel.

The problem for the Democrats is on the one hand they just have to wait for Trump to crater everything and then take over or they could work against it and be blamed for preventing the Trumpish golden age.

Re: America faces a Trumpian economic slowdown

#60

Post by pointlessone »

mercer wrote: post #57
-1 wrote: post #32

I’m no deal maker, but it could maybe help if the US avoided pissing off its largest customer - Canada: “ The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion). U.S. goods exports to the European Union 27 were $350.8 billion.” https://ustr.gov/countries-regions

lol, they're pissing off 4 of those actively, or am I getting the count wrong?

Depends on how you count. There are tariffs on everyone for steel and aluminium. There are specific tarrifs on Canada, Mexico, EU, and China. Trump promises to back off from NATO, which pisses off pretty much everyone on the European continent (EU or otherwise). The recent counch incident in the Oval Office wasn’t taken well in the Europe as well.
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