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America faces a Trumpian economic slowdown

economist.com

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Re: America faces a Trumpian economic slowdown

#31

Post by gscott »

bigyabai wrote: post #25
galimalint wrote: post #20

Earlier quoted context omitted.

[flagged]

Assuming you're correct, Elon Musk and Donald Trump are about the least qualified individuals in the America to resist them. We need accountable politicians, not businessmen and property moguls running things.

They were all on stage together during the inauguration. The take down of barely there social programs so that the rich can keep more of their money to loan to you at usurious rates. Why else would Elon Musk be doing it himself. There has to be a lot of upside for him we only see the downside but he sees a bigger picture as far as his finances.

Re: America faces a Trumpian economic slowdown

#32

Post by -1 »

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

Re: America faces a Trumpian economic slowdown

#33

Post by MarcelOlsz »

galimalint wrote: post #20
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?

[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 think the wool has been pulled over your eyes by rich con men.

Fundamentally doomed arguing within the existing status quo when we should be moving towards something different entirely seeing as 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.

So long as we live inside a permanent growth mindset anything and everything will be doomed. It makes no sense to live in a system that still rewards rarity rather than celebrating ubiquity, which we cannot escape if the resources we've been seeded with continue to concentrate.

It is and has always been labour vs capital.

Re: America faces a Trumpian economic slowdown

#34

Post by daveguy »

chairmansteve wrote: post #22
daveguy wrote: post #14

Earlier quoted context omitted.

Nah. Just talk to people. Not behind a screen. So many more people saying wtf than go Trump.

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 want?

Re: America faces a Trumpian economic slowdown

#35

Post by daveguy »

ivraatiems wrote: post #17
daveguy wrote: post #14

Earlier quoted context omitted.

Nah. Just talk to people. Not behind a screen. So many more people saying wtf than go Trump.

I absolutely do, and I know plenty of folks who will express dismay at these issues on the one hand, then turn around and justify Trump and defend him on the other hand. They literally will not connect the dots. Same for folks who think government is corrupt and broken and so choose a corrupt pro-thing-breaker to lead it.

Have you tried lately? Since Elon started being a dumbass?

Re: America faces a Trumpian economic slowdown

#36

Post by slashdev »

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?

The market might still end up for the year, it will just be a more volatile year.

It would be very unlikely to see another double digit gains year in a row.

That being said, it could also crash hard and not recover to these levels for a decade. There is lots of historical precedence for that - especially at these valuations.

I’m chiefly concerned about tariffs, housing market weakness, labor market weakness, and reversing global liquidity flows (maybe by the end of the year).

Just chilling in mostly gold and treasuries is looking very attractive on a risk adjusted basis.

Re: America faces a Trumpian economic slowdown

#37

Post by MarcelOlsz »

DamnYuppie wrote: post #15
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?

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…

>Well rich people already own most assets. Why would they want their holdings to lose value?

If wealth is a function of ownership why would you care if your $500m went down to $100m if the purchasing power you cratered is well below what you lost in 'value' while your ownership increased?

Re: America faces a Trumpian economic slowdown

#38

Post by ivraatiems »

chairmansteve wrote: post #22
daveguy wrote: post #14

Earlier quoted context omitted.

Nah. Just talk to people. Not behind a screen. So many more people saying wtf than go Trump.

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

Personally, I salute only Chairman Steve. All hail!

Re: America faces a Trumpian economic slowdown

#39

Post by etrautmann »

MilnerRoute wrote: post #27
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?

If you seriously believe the market is going to crater, save up some money to snatch up bargains in the aftermath.

That’s an easy way to sit on the sidelines for a decade as the market doubles. I thankfully stayed invested while my tax accountant suggested selling all my stock in 2019…

Re: America faces a Trumpian economic slowdown

#40

Post by thfuran »

slashdev wrote: post #36
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?

The market might still end up for the year, it will just be a more volatile year. It would be very unlikely to see another double digit gains year in a row. That being said, it could also crash hard and not recover to these levels for a decade. There is lots of historical precedence for that - especially at these valuations. I’m chiefly concerned about tariffs, housing market weakness, labor market weakness, and reve…

Or it could be down for many decades. The Nikkei 225 is only just this year reaching where it was in 1989.
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