Economic News Thread | Consumer Confidence declines

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Kraftyheel89 said:
Maria Bartiromo used to be relatively sane and civil back when she was a host on CNBC for several years. I honestly did not know her political leanings and it never really showed.

Once she went to Fox, became a cultist, and began worshipping the fraud criminal fake messiah, she became totally unhinged.

She has become erratic, schizo, illogical, bitter and angry, with bouts of rage, and generally unhinged. I'm not sure what meds she is on, but they are the wrong ones or not taking. Or perhaps there is just no cure for the power, idiocy, and pull of the cult.
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I wonder if she is similar to Megyn Kelly - doing whatever it takes to stay employed. Megyn completely rebranded herself when she left Fox News. When that didn't work out she doubled down on right wing crazy.

I think some of these people are just acting. That is not a defense. In fact, it would be more defensible if they were acting on convictions.
 
I am wondering if Trump is trying to crash the economy quickly so that he can place all the blame on Biden.

I think many people think a correction is due and since it didn't happen before Biden left office Trump needs it to happen quickly rather than in a year or two.

If someone were to do they, they would have to be both a sociopath and an idiot who doesn't understand just how dangerous such an action would be.
 
Estimates for a chance of a 2025 recession right before Trump took office was 17%. Now it has nearly doubled to 31%.

A way overvalued stock market is due for a decent correct. But there was no indication that the economy would be anywhere near recession levels. Now, quite possible.
 
Remember how last year Trumper’s were all crowing about how the stock market was booming because it knew Trump was going to win? Now they are already preemptively calling get the Biden recession. I don’t reckon consistency has ever been the strong suit of anyone who would vote for Trump a third time, but it’s still pretty humorous to see such brazen hypocrisy out in the open.
 
ChapelHillSooner said:
Can you expand on that? Are you saying that the market correction has no kept pace with what is expected via the other economic indicators?
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Not really. I'm just saying that the ATL GPDnow model, as we all know, is looking really bad. Interest rates are telling a bad story. Inflation was high last two reports; my guess is it's going to top 6% sequentially. Consumer confidence, etc.

I have no idea how these economic indicators would interact with the stock market. So I'm not saying anything other than the others look worse, in my view. It was also a flippant comment.
 
superrific said:
Not really. I'm just saying that the ATL GPDnow model, as we all know, is looking really bad. Interest rates are telling a bad story. Inflation was high last two reports; my guess is it's going to top 6% sequentially. Consumer confidence, etc.

I have no idea how these economic indicators would interact with the stock market. So I'm not saying anything other than the others look worse, in my view. It was also a flippant comment.
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Actually that helps. Thx
 
Trump is as he's always been, at least to anyone with half a brain.

It's like what Heath's Joker says about the dog running after the car, "Doesn't even know what he'll do if he catches it."

Just a complete moron and agent of chaos. I think the recession already in place, because you can't do tariffs, then take them back, then do them again, and so on without job losses down the road. People have no idea how to plan, and it will cost us. Art of the deal, my rear.

At least the Joker knew he was about nothing more than chaos. This guy thinks everything that pops into his mind is a galaxy brain thought. We'd be better off with the Joker, because the Joker knew what he was about.
 


It’s is interesting — China’s response to Trump’s tariffs has been aggressive rhetoric and responsive tariffs. Many China watchers find that curious because they are not sure China is in position to sustain a trade war with the United States due to an already sluggish economy. But some China analysts claim that members of Xi’s government think the fastest route to Chinese recovery is a U.S. recession. So perhaps Xi is willing for Chinese citizens to sustain short-term economic pain for longer term opportunities if/when Trump’s policies direct the U.S. economy into a recession or stagflation cycle?
 
Kraftyheel89 said:
Estimates for a chance of a 2025 recession right before Trump took office was 17%. Now it has nearly doubled to 31%.

A way overvalued stock market is due for a decent correct. But there was no indication that the economy would be anywhere near recession levels. Now, quite possible.
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For the sake of preserving democracy, I wouldn't mind a recession rolling in a year from now along with high unemployment and stagflation. Take back the House and possibly the Senate ? Trump with a 34% approval rating ?
 
nycfan said:


It’s is interesting — China’s response to Trump’s tariffs has been aggressive rhetoric and responsive tariffs. Many China watchers find that curious because they are not sure China is in position to sustain a trade war with the United States due to an already sluggish economy. But some China analysts claim that members of Xi’s government think the fastest route to Chinese recovery is a U.S. recession. So perhaps Xi is willing for Chinese citizens to sustain short-term economic pain for longer term opportunities if/when Trump’s policies direct the U.S. economy into a recession or stagflation cycle?
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Huh? Maybe Xi is the one who convinced Trump to follow his current path.
 
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