GDP report negative growth

[¥akaSteelhead]

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

Winning!


Up Next - Stagflation?!

[Kishkumen]

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.

[Everybody Wang Chung]

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.

[Gadianton]

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.

[Kishkumen]

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.

When those shelves empty, and Trump blames Biden, I hope the tide turns against him. I have no desire to experience these hard times. I would prefer that Trump were at least smart enough not to eff with things he does not understand, and we coasted along in relative mediocrity. He wanted to burn down the building with all of us inside. Any price he pays for all the horrible crap he has done will not move me to sympathy. He is an awful human being and an incompetent, cruel leader.

On another note, thanks for taking the hit for us by watching and analyzing all this financial news tv. I would have had a heart attack if I had tried to do that.

[¥akaSteelhead]

Guy I know on Facebook claimed that Q1 starts in November and that this is Biden's fault.

The degree these people will go to, to recast reality is astounding.

[Kishkumen]

Guy I know on Facebook claimed that Q1 starts in November and that this is Biden's fault.

The degree these people will go to, to recast reality is astounding.

They’ve mentally enslaved themselves. It is pathetic.

[Gadianton]

On another note, thanks for taking the hit for us by watching and analyzing all this financial news tv. I would have had a heart attack if I had tried to do that.

Not a good idea to make investment decisions based on politics, so I don't mind. In this case I want to be wrong, I hope there's bull case. Those hopes are fading. Every day of the uncertainty is a day reserves are failing and boats aren't filling up with stuff. suppliers are shuttering and parts needed to make stuff become unavailable. All the while how to navigate business is totally uncertain. Vietnam offered to fast track a Trump hotel, scratching their heads on what else they can offer somebody who doesn't understand basic business and economics. Tariffs could be too complex and businesses left to essentially bribe their way through. Right now all roads seem to lead to corruption, "making a deal" with the administration that benefits the administration and nobody else.

[Kishkumen]

Not a good idea to make investment decisions based on politics, so I don't mind. In this case I want to be wrong, I hope there's bull case. Those hopes are fading. Every day of the uncertainty is a day reserves are failing and boats aren't filling up with stuff. suppliers are shuttering and parts needed to make stuff become unavailable. All the while how to navigate business is totally uncertain. Vietnam offered to fast track a Trump hotel, scratching their heads on what else they can offer somebody who doesn't understand basic business and economics. Tariffs could be too complex and businesses left to essentially bribe their way through. Right now all roads seem to lead to corruption, "making a deal" with the administration that benefits the administration and nobody else.

I know a former MDBer who runs a handmade jewelry business and is already finding it impossible to get a hold of certain necessary materials to make her jewelry.

[Doctor Steuss]

I know a former MDBer who runs a handmade jewelry business and is already finding it impossible to get a hold of certain necessary materials to make her jewelry.

A chef friend who owns some restaurants posted the other day that his paper goods costs has already increased $700 a week per restaurant.

ETA:
While looking for his Facebook post, I noticed he linked to a story. From FOX, because obviously everything else is fake news.

“It’s so odd to have something that is such a static price double, and then double again within two weeks..." Trees explained. “That’s a cook. That’s a server. That’s a dishwasher, and it’s just like that, money just evaporated overnight.”

FOX Link

And for the mouth-breathing Fanta Menace cult worshipers with the cognitive bandwidth of a wet fart on a used Craigslist sofa, like their god-emperor: Paper goods, like most things that are part of the global market, aren't inelastic. Switching solely to "American made" paper goods doesn't help.