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The Great Recession of March 3,2025
Posted on 3/3/25 at 2:15 pm
Posted on 3/3/25 at 2:15 pm
Here we are worried about if we qualify for a $600 deduction in taxes but s&p decided to drop 2% killing call options
21
Posted on 3/3/25 at 2:22 pm to fareplay
What trump is doing right now is just not going to end well. It is way too much geopolitical and economic volatility too quickly. If I’m a bank risk officer, there is no way I’m approving loans with the amount of uncertainty
Posted on 3/3/25 at 2:26 pm to fareplay
When the market is setting all time highs on unicorn farts while the economy sucks, the inevitable crash will be ugly, but this probably isn’t it yet.
Posted on 3/3/25 at 2:29 pm to IMSA_Fan
quote:
What trump is doing right now is just not going to end well.
Yep, but his lemmings will jump right over the cliff because Dear Leader said so.
This post was edited on 3/3/25 at 2:30 pm
Posted on 3/3/25 at 2:31 pm to fareplay
quote:"We only have the best tariffs, don't we folks..?"
but The President of the United States decided to impose 25% tariffs on our biggest trading partners thus poising our economy to enter a recession.
Posted on 3/3/25 at 2:34 pm to LSURussian
quote:
"We only have the best tariffs, don't we folks..?"
"You have to do this to avoid the tariffs! Oh, but that wasn't enough so you get a tariff and you get a tariff and you get a tariff"
It's like Oprah handing out prizes at her show but the opposite.
Posted on 3/3/25 at 2:35 pm to IMSA_Fan
quote:
What trump is doing right now is just not going to end well. It is way too much geopolitical and economic volatility too quickly. If I’m a bank risk officer, there is no way I’m approving loans with the amount of uncertainty
+1 it's amazing how many people on this site are buying into this. Craziness
Posted on 3/3/25 at 2:38 pm to RLDSC FAN
The hive mentatlity here is strong.
Posted on 3/3/25 at 2:39 pm to fareplay
Yeah those tariffs are badass!
Glad the market is taking it in stride.
Glad the market is taking it in stride.
Posted on 3/3/25 at 2:40 pm to VABuckeye
quote:
Legendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt consumers.
“Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war, to some degree,” said Buffett, whose conglomerate Berkshire Hathaway
has large businesses in insurance, railroads, manufacturing, energy and retail. He made the remarks in an interview with CBS News’ Norah O’Donnell for a new documentary on the late publisher of The Washington Post, Katharine Graham.
“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em!” Buffett said with a laugh. “And then what? You always have to ask that question in economics. You always say, ‘And then what?’”
This marks the first public remark from the 94-year-old “Oracle of Omaha” on Trump’s trade policies. Last week, Trump announced that the sweeping 25% tariffs on imports from Mexico and Canada will go into effect March 4 and that China will be charged an additional 10% tariff on the same date. China has vowed to retaliate.
During Trump’s first term, the Berkshire chair and CEO opined at length in 2018 and 2019 about the trade conflicts that erupted, warning that the Republican’s aggressive moves could cause negative consequences globally.
When asked about the current state of the economy by CBS, Buffett refrained from commenting on it directly.
“Well, I think that’s the most interesting subject in the world, but I won’t talk, I can’t talk about it, though. I really can’t,” Buffett said.
Buffett has been in a defensive mode over the past year as he rapidly dumped stocks and raised a record amount of cash. Some read Buffett’s conservative moves as a bearish call on the market and the economy, while others believe he’s preparing the conglomerate for his successor by paring outsized positions and building up cash.
Market volatility has ramped up as of late as concerns grew about a slowing economy, unpredictable policy changes from Trump as well as overall stock valuations. The S&P 500 is up just about 1% this year.
From CNBC yesterday.
Posted on 3/3/25 at 2:51 pm to VABuckeye
quote:
his lemmings
Were you not on here the other day ridiculing people for calling others names. Take your own advice.
What Trump is doing isn't going to send this country down. These are over reactions that people are making bank off of.
Posted on 3/3/25 at 2:54 pm to Jjdoc
lemmings is another word for followers. It's a wee bit different than calling someone an idiot.
What Trump is doing is fricking up and his massive ego won't allow him to see that.
What Trump is doing is fricking up and his massive ego won't allow him to see that.
Posted on 3/3/25 at 2:56 pm to VABuckeye
That's an opinion, not a fact. 3 companies are making moves due to Trump.
Honda is moving to the USA instead of Mexico.
Nissan is moving out of Mexico.
TSMC is moving into the USA..
Etc.
This is massive over reaction in the market
Honda is moving to the USA instead of Mexico.
Nissan is moving out of Mexico.
TSMC is moving into the USA..
Etc.
This is massive over reaction in the market
Posted on 3/3/25 at 2:56 pm to Jjdoc
Tariffs will almost certainly cause inflation and hurt the stock market. This year will be ugly if he stays strong on them.
Another big wave of inflation 2-3 years after the last big wave will be rough.
Another big wave of inflation 2-3 years after the last big wave will be rough.
Posted on 3/3/25 at 2:56 pm to RLDSC FAN
The insanity that is the politics board is a peak under the hood of how a MASSIVE portion of this country still thinks. It’s disturbing to say the least.
Posted on 3/3/25 at 2:58 pm to SM1010
quote:
Tariffs will almost certainly cause inflation
No it will not. China will do what they dis last time and eat the cost by devaluing their money. Why? Because they are losing companies at a very high rate.
Mexico just lost Honda. Nissan announced they would move from mexico...etc.
Posted on 3/3/25 at 2:59 pm to Jjdoc
Dude the cost of the labor on these cars will skyrocket and will come directly from the consumers pocket.
And the chips move was part of Biden legislation back in early 2024. Trump is just taking credit for it like he always does.
And the chips move was part of Biden legislation back in early 2024. Trump is just taking credit for it like he always does.
Posted on 3/3/25 at 2:59 pm to ChiGator
Lol!
Posted on 3/3/25 at 3:01 pm to fareplay
So much America hate in here by prog filth.
Posted on 3/3/25 at 3:01 pm to ChiGator
quote:
Dude the cost of the labor on these cars will skyrocket and will come directly from the consumers pocket.
Yeah those damn washing machines in his first term went ...... well. Nowhere.
quote:
And the chips move was part of Biden legislation back in early 2024. Trump is just taking credit for it like he always does.
Hahahah!!! OK.
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