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Posted
3 minutes ago, jerrymahoney said:

From NY Times opinion 7 APR 2025

President Trump’s imposition of high tariffs on friend and foe alike has stunned the world and stumped economists. There is no economic rationale, experts say, for believing these tariffs will usher in a new era of American prosperity.

But the slash-and-burn approach of the Mar-a-Lago Accord isn’t the answer. For one thing, it is hard to find an economist outside of Mr. Trump’s inner circle who thinks it is a good idea.

https://archive.ph/MpKM0

Not one economist told me to buy bitcoin when it was 1000 dollars but then again they couldnt predict the 2008 crisis and why bitcoin was invented in 2009 they still cant connect the dots. In other words, who gives a flying <deleted> what paul krugman thinks

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Posted
16 hours ago, rough diamond said:

Has anyone ever experienced that so called dream?

That's quite an ignorant statement. Not everybody in the USA is some helpless, little, whining, purple haired, creature living in their parent's basement. I came back to the USA because You can have a decent life here and your own home which is almost impossible in most western countries now. 

 

Aside from that it is one of the easiest places to do business and make money. I lived all over Europe for years and I have never even heard anybody say the phrase "British dream" or "German Dream" Those disappeared centuries ago.

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Posted
9 hours ago, dinsdale said:

Not much retaliatory tariffs from what I've seen. Only Asian country going to do this is China and that should not surprise anyone.

For a long time, America has been regarded as a safe haven for investment capital, doing business, stable currency etc.

 

In a couple of months, Trump has destroyed that.

 

Economics has the human factor of trust. Who do you think trusts America now?

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Posted
Supreme Court Upholds Trump's Use of Alien Enemies Act
Last updated 27 minutes ago
The U.S. Supreme Court has ruled in favor of the Trump administration, allowing the use of the Alien Enemies Act of 1798 to deport noncitizens identified as members of the Venezuelan Tren de Aragua gang. This decision overturns a previous block by a federal judge, enabling the administration to continue its deportation efforts under this historical law. The ruling was decided by a narrow margin of 5-4, with Justice Barrett joining the three liberal justices in dissent.

 

 

 

https://x.com/i/trending/1909397774614896727

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Posted
2 hours ago, hotsun said:

They are all students of keynes. The world is shifting back to sound money, modern economists should be looking for new work

Complete B.S. The author of the NYTimes article is a partisan of Milton Friedman who was completely opposed to Keynesianism

 

You don't even know what you are talking about! :coffee1:

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Posted
1 hour ago, Lacessit said:

For a long time, America has been regarded as a safe haven for investment capital, doing business, stable currency etc.

 

In a couple of months, Trump has destroyed that.

 

Economics has the human factor of trust. Who do you think trusts America now?

Investing in US is better than ever. No tariffs.

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Posted
13 minutes ago, jerrymahoney said:

Dr. Burns is a research fellow at the (conservative) Hoover Institution on the Stanford U. campus.

So being right wing is bad? :cheesy:

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Posted
2 minutes ago, jerrymahoney said:

Trump does not want to be losing the conservatives.

Trump has already won twice. His life is set. He can also pardon himself if need be like Biden.

 

The left lost.

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Posted
21 hours ago, rough diamond said:

Has anyone ever experienced that so called dream?

In the land of the free, if you walk up to a woman in the street and tell her "I give you a hundred, let's have some fun in bed", you go to jail and have your mug in the paper. That's what they call "the American dream", "freedom" and "the pursuit of happiness".

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Posted
1 hour ago, Harrisfan said:

Trump has already won twice. His life is set. He can also pardon himself if need be like Biden.


You say twice, Trump says thrice—2016, 2020, 2025. So, you 're calling Trump a liar about winning in 2020!
 

The cult mantra demands obedience. For such blasphemy, your penance is 100 Hail Marys Hitlers.

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Posted
1 hour ago, Harrisfan said:

...

 

The left lost.

The right, the left, the right, the left ...

 

The binary trap.

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Posted
1 hour ago, Harrisfan said:

Trump has already won twice. His life is set. He can also pardon himself if need be like Biden.

 

The left lost.

"He can also pardon himself if need be like Biden."

??????????????

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Posted
1 hour ago, Harrisfan said:

Exactly. Most economists are clueless.

T Bill rates dropping daily. That means more than the market.

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Posted
1 minute ago, Yagoda said:

T Bill rates dropping daily. That means more than the market.

You don't think just possibly that it might have something to do with this?

 

Traders betting Fed will cut rates at least 4 times this year to bail out economy

Traders are now betting the Federal Reserve will cut interest rates at least four times this year, amid fears President Donald Trump’s tariffs could tip the U.S. into a recession.

Odds of five quarter-point reductions coming this year jumped to 37.9%, up from 18.3% one day prior, according to data from the CME Group on Friday morning. That would put the federal funds rate at 3.00% to 3.25%, down from 4.25% to 4.50% where it has been since December.

Markets are also pricing in a roughly 32% chance the federal funds rate will fall to 3.25% to 3.50%, which would mean four quarter-point cuts from the Fed

https://www.cnbc.com/2025/04/04/traders-betting-fed-will-cut-rates-at-least-4-times-this-year-to-bail-out-economy.html

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Posted

From a fellow observer:  "Someone asked me if I, as a Canadian, could trust America again after Trump dies. I answered: the problem is not just Trump or even MAGA. The problem is that the Republic's constitutional checks and balances were not acted on, they were ignored or allowed to be dodged or simply disregarded, one by one by " institutionalists" who knew better. The rot is deep. How can we trust you if you don't ACTUALLY respect the Constitution you ballyhoo about so loudly?"

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Posted
11 minutes ago, placeholder said:

You don't think just possibly that it might have something to do with this?

 

Traders betting Fed will cut rates at least 4 times this year to bail out economy

Traders are now betting the Federal Reserve will cut interest rates at least four times this year, amid fears President Donald Trump’s tariffs could tip the U.S. into a recession.

Odds of five quarter-point reductions coming this year jumped to 37.9%, up from 18.3% one day prior, according to data from the CME Group on Friday morning. That would put the federal funds rate at 3.00% to 3.25%, down from 4.25% to 4.50% where it has been since December.

Markets are also pricing in a roughly 32% chance the federal funds rate will fall to 3.25% to 3.50%, which would mean four quarter-point cuts from the Fed

https://www.cnbc.com/2025/04/04/traders-betting-fed-will-cut-rates-at-least-4-times-this-year-to-bail-out-economy.html

Does it matter to you? T bill rates are dropping. Good for the economy or not? Or is it just all hate America and wish for the worst? Allowing your inner enemy to show?

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Posted
12 minutes ago, Yagoda said:

Does it matter to you? T bill rates are dropping. Good for the economy or not? Or is it just all hate America and wish for the worst? Allowing your inner enemy to show?

Clearly, you haven't thought about why the Fed might be dropping the rate on TV bills. 

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Posted
37 minutes ago, placeholder said:

Clearly, you haven't thought about why the Fed might be dropping the rate on TV bills. 

Got it. We obviously know that your hatred of Trump is the overriding factor in your life.

 

 

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