Economic News

[superrific]

That's a net IMPROVEMENT of 6% since October. WTF?!?!?

It's really only three points of movement. 3% of people going from poor to good produces six on net.

And that's well within the margin of error of the poll. Not to mention that polls can be inaccurate outside of their margin as well.

I'd say the big takeaway here is that the net approval remains about 30 percent and the disapproval more than twice that.

 

[BillOfRights]

Government was shut down in October.

Also unchanged from January, March, and April. So basically flat from January through tariffs announcement through October, but improves now?

 

[nycfan]

 

[nycfan]

 

[heelinhell]

The stable genius doing his thing in Davos

Dow futures down over 600 pts
NASDAQ futures down over 450 points
S&P futures down over 100 points

https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-sink-as-trump-tariff-threats-and-bond-sell-off-rattle-nerves-235748016.html

 

[nrsair]

US tariffs are paid almost entirely by Americans, a German study finds

US tariffs under Donald Trump have been paid almost entirely by Americans, with foreign exporters paying for only 4%, a German study found.

www.businessinsider.com

Surprising no one with a brain, American importers and consumers are bearing 96% of tariff costs.

 

[nycfan]

Anyone gotten notice of their credit card rate being capped yet?

 

[nycfan]

 

[GoHeelsweeeehoooo]

How bad are the markets going to be today?

 

[altmin]

How bad are the markets going to be today?

initial shock, then will bounce back to normal because Wall Street will rationalize anything.

 

[pspsps]

initial shock, then will bounce back to normal because Wall Street will rationalize anything.

Slot machines and roulette wheels have better internal logic than the stock market.

 

[lawtig02]

Slot machines and roulette wheels have better internal logic than the stock market.

There's nowhere else for the money to go. We are so freaking lucky all of this is happening at a time when China's economy is massively threatened by their demographic crisis. Otherwise, they would be absolutely kicking our asses right now. The US market is not a particularly rational place to park money, but it's still better than pretty much any alternative.

 

[ChileG]

US tariffs are paid almost entirely by Americans, a German study finds

US tariffs under Donald Trump have been paid almost entirely by Americans, with foreign exporters paying for only 4%, a German study found.

www.businessinsider.com

Surprising no one with a brain, American importers and consumers are bearing 96% of tariff costs.

Our resident MAGAs - to their great credit! - only support SOME of the tariffs, see?

They support the 4% that the other countries pay, so you cannot call them “HYPOCRITES!!!!1111111” for suddenly supporting tariffs (i.e. higher taxes) for the first times in their lives (and only because their orange god created them).

In fact, WE are the hypocrites because, you know, “If a Democrat proposed industry-destroying tariffs, you guys would support them!!!!11111111”

 

[BillOfRights]

"Sell America" turning up a notch.

Dollar drops.
Treasuries drop.


'This is sell America' — U.S. dollar, Treasury prices tumble and gold spikes

https://www.cnbc.com/2026/01/20/sell-america-trade-dollar-treasury-gold-us-trump-greenland.html?__source=androidappshare

 

[Duke Mu]

Trump 2.0 is going to run the US Economy into the ground faster than Trump 1.0.

 

[Duke Mu]

Our resident MAGAs - to their great credit! - only support SOME of the tariffs, see?

They support the 4% that the other countries pay, so you cannot call them “HYPOCRITES!!!!1111111” for suddenly supporting tariffs (i.e. higher taxes) for the first times in their lives (and only because their orange god created them).

In fact, WE are the hypocrites because, you know, “If a Democrat proposed industry-destroying tariffs, you guys would support them!!!!11111111”

The US Constitution calls tariffs collection "duties" or taxes!

The American Revolution was triggered by King George raising duties on goods delivered to America.

Per the Constitution and even SCrOTUS only Congress can impose tariffs/duties.

Is the Senate asleep? (yes)

 

[Duke Mu]

There's nowhere else for the money to go. We are so freaking lucky all of this is happening at a time when China's economy is massively threatened by their demographic crisis. Otherwise, they would be absolutely kicking our asses right now. The US market is not a particularly rational place to park money, but it's still better than pretty much any alternative.

Real estate is starting to bubble again.

 

[Zoo_View]

The US Constitution calls tariffs collection "duties" or taxes!

The American Revolution was triggered by King George raising duties on goods delivered to America.

Per the Constitution and even SCrOTUS only Congress can impose tariffs/duties.

Is the Senate asleep? (yes)

The Senate (and the House) aren’t asleep.

They’re agreeable.

 

[BlooVooDoo]

There's nowhere else for the money to go. We are so freaking lucky all of this is happening at a time when China's economy is massively threatened by their demographic crisis. Otherwise, they would be absolutely kicking our asses right now. The US market is not a particularly rational place to park money, but it's still better than pretty much any alternative.

I moved a good chunk of my equity mix into VDIPX when the tariff nonsense started in earnest. I’m quite pleased with how that’s gone.

 

[nycfan]