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re: If the "Refi" plan is real, and the plan is to force a recession...
Posted on 4/6/25 at 7:08 pm to Warrior Court
Posted on 4/6/25 at 7:08 pm to Warrior Court
quote:
this is not a word.
You should delete your account right now.
0
Posted on 4/6/25 at 7:20 pm to SlowFlowPro
quote:
I believe this would raise rates, not reduce them.
Yeah, I misspoke, rate increases to combat inflation
Posted on 4/6/25 at 7:32 pm to Penrod
quote:
t’s also true that they are to force other countries to be fair with us.
"Fair" can mean anything here. And it will. It's already morphed from reciprocal tariffs to something else entirely.
quote:
Another purpose of it is to reshore manufacturing,
Which sectors? We're not going to make everything here, so what's the rationale for what we're going to protect and what we're going to leave to other countries?
Posted on 4/6/25 at 7:33 pm to SlowFlowPro
quote:
we still are...
Do you think that President Donny has a plan to deal with the debt/deficit?
Posted on 4/6/25 at 7:35 pm to Flats
I've still not figured out the logic of shoring, for example, iPhone manufacturing to build smartphones that are just as unaffordable to Americans as the tariffed ones but have the added benefit of being inviable for export because the Chinese made phones would be cheaper.
Posted on 4/6/25 at 7:37 pm to SlowFlowPro
God damn, look at that shite. what a fun weekend!
Posted on 4/6/25 at 7:37 pm to Diego Ricardo
What if affordable isn’t the goal?
Posted on 4/6/25 at 7:38 pm to Diego Ricardo
quote:
I've still not figured out the logic of shoring,
Its baked in populist rhetoric, with no real basis.
We are one of (the, if you go by per capita) the worlds largest manufacturers.
I dont understand where these fellas get that our mfg has been destroyed. Objecively we are a monster.
Posted on 4/6/25 at 7:41 pm to Screaming Viking
quote:
Do you think that President Donny has a plan to deal with the debt/deficit?
It sounds like it's all to fund tax cuts no where do I see him say cut debt
Yield action in treasury going to be interesting
Posted on 4/6/25 at 7:45 pm to AGGIES
quote:
What if affordable isn’t the goal?
I tend to think that is not the goal too. Good luck to the GOP having electoral success with that though. The Democrat's New Deal coalition died forever after Jimmy Carter told people to put on a sweater in the house to save energy consumption. People forget that Reagan was the one offering the better deal to the working class, labor, etc in his first campaign. Carter offered a vision out of the stagflation 70s that involved Americans accepting less but maintaining much of the midcentury social welfare system. Reagan promised a return to the boom times where you can spend baby spend. Running on austerity and tightening the belt is a surefire way to eat it in the next election cycle.
Posted on 4/6/25 at 7:50 pm to CharlesLSU
quote:
Understand as we would head into a recession, there will be zero buyouts this time. There will be blood.
That may be an understatement.
Consumers have escalated their non-housing debt since COVID and done so to a ridiculous rate. Most non-housing debt falls into three categories: car loans/leases (30.6%), student loans (29.8%) and credit cards (22.3%).
New cars are still selling strong even though prices are rising and interest rates for buyers with lower than prime credit can be higher than a giraffe's arse. Consumer credit card interest rates are even higher, averaging above 20% for carrying a balance.
Consumer debt has driven an ever-growing amount of GDP's growth since COVID. If we get a recession that pushes Unemployment rates to the level and time length of the early 80s, we're going to see the economy slow down tremendously as those high-debt consumers begin defaulting on their debts (we're already seeing car repos climb to the highest level since the GFC). Without debt to support continued GDP growth, GDP drops as those debt-reliant consumers have to move to only cash purchases until they can rebuild their credit.
Posted on 4/6/25 at 7:52 pm to SlowFlowPro
quote:It’s a bunch of cope. I don’t remember Trump running on an intentional recession.
If the "Refi" plan is real, and the plan is to force a recession...
So either Trump is a lying politician (like all the others), or this is shaping up to be a complete charlie foxtrot. I’m not going to hazard a guess.
Posted on 4/6/25 at 7:59 pm to Diego Ricardo
MAGA ain’t Republican policies.
Posted on 4/6/25 at 8:02 pm to Taxing Authority
I dont think Trump could stop a recession in his term, I think a lot of us knew one was possible.
I just didnt expect him to jump start the process.
I just didnt expect him to jump start the process.
Posted on 4/6/25 at 8:06 pm to RogerTheShrubber
quote:Had the stuck with cutting spending and reducing regulation we'd be well on our way to full employment. Hell, we're pretty close right now.
I dont think Trump could stop a recession in his term, I think a lot of us knew one was possible.
quote:Oh I can think of a few that said everything was going to be great. Oddly they are the same ones not trying to convince us that a recession is good thing.
I think a lot of us knew one was possible.
quote:He tried the same stunts in Trump 1.0. Unfortunately, for every good think Trump does, he balances it out with something stupid.
I just didnt expect him to jump start the process.
This post was edited on 4/6/25 at 8:08 pm
Posted on 4/6/25 at 8:06 pm to Bass Tiger
quote:
dude, when you're posting from 6AM in the morning until 10PM at night you're gonna have to get some help with the act of procreation because you don't have time
How many kids does Musk have?
Posted on 4/6/25 at 8:20 pm to Screaming Viking
quote:
Do you think that President Donny has a plan to deal with the debt/deficit?
Since there is a healthy debate amongst his own fans what the hell the goals of his policies are, he may not?
But, within the context of this thread, can he withstand a 3-6 month major recession and plummeting stock market without enacting policies to "help the middle class"?
The people who are defending this version of his policy will tell you why he never spoke of it during the campaign, "so he could get elected", which raises the question of what policies he actually has and how much popular opinion will change that on the fly.
Nobody was selling "Trump's going to create a yuge recession on purpose and we'll love it!" in December 2024
Posted on 4/6/25 at 8:26 pm to stout
Obama fricked the US. But leftists virtue signaling will not let them admit that the FIRST black president is responsible for the troubles we face now. More emotional appeals (calling Trump Hitler) while Obama is a hero. Leftists are figs.
Posted on 4/6/25 at 8:30 pm to SlowFlowPro
quote:
with massive deficit spending, adding a trillion in debt every 3 months. we still are...
That is by and large part, the interest on the debt. We could balance the budget other than interest on the debt and it will increase nearly 1 trillion a year.
Posted on 4/6/25 at 8:36 pm to Flats
Both of your questions are fair, but they are beyond the scope of the thread. Generally speaking, I think that’s what Trump wants to do. Which industries specifically? I dunno.
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