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After 11 straight quarters of strong growth GDP has gone negative for a -.3% for the first quarter of 2025.

Winning!


Up Next - Stagflation?!

¥akaSteelhead wrote: ↑

Wed Apr 30, 2025 3:33 pm

After 11 straight quarters of strong growth GDP has gone negative for a -.3% for the first quarter of 2025.

Winning!


Up Next - Stagflation?!

I want to thank every Trump voter with my middle finger and a lot of disdain for their irresponsible, uninformed, gullible, and reckless vote for a completely incompetent and deeply cruel moron. We all know the world is far from perfect, but launching nuclear weapons does not make it a better place. Screw the lot of you.

¥akaSteelhead wrote: ↑

Wed Apr 30, 2025 3:33 pm

After 11 straight quarters of strong growth GDP has gone negative for a -.3% for the first quarter of 2025.

Winning!


Up Next - Stagflation?!

But we all know it was Joe Biden's free trade policies and war on eggs that got us to this point.

¥akaSteelhead wrote: ↑

Wed Apr 30, 2025 3:33 pm

After 11 straight quarters of strong growth GDP has gone negative for a -.3% for the first quarter of 2025.

Winning!


Up Next - Stagflation?!

Since his announcement I began following pro-Trump or neutral investment channels in order to make sure I'm not missing something. I already know the skeptical case and so there's no point listening to the obvious. At first, there was some useful information that I wouldn't have encountered elsewhere, such as Plaza Accord and potential schemes involving crypto. As the days passed, those remaining optimistic about what Trump is doing seemed to be really scrambling to find a justification. And a few weeks into it, there's nothing the least bit interesting being offered. Basically, the best the pro-Trump gurus can come up with is what anyone else could have told you day 1: You can't time the market, so get into A.I. stocks and Bitcoin and hope for the best.

Powell not immediately dropping rates is a big issue to the extent that our elected insiders are trying to make money off of the failed policy. It's often pointed out that recessions are prefaced by stock market run-ups. As cracks in the foundation appear, the fed lowers rates, the liquidity fuels bubbles, and the economy drops as that bubble bursts. And so I guarantee you that a large number of conservative insiders were hoping for a rate drop to reinforce the rally, just long enough for them to get sell the top and let the world burn from there.

It's a huge problem. Trump may out-Covid Covid. Shortages will be delayed, they aren't instantaneous like market sell offs, it takes a while for ships to move cargo. And there may not be an easy fix, because Trump is untrustworthy, nobody knows what he'll do next even if he calls tariffs off completely. And American voters are even less trustworthy. We may be in for some damn tough times, for no reason whatsoever, other than a large number of Americans are ignorant idiots.