Duke Mu
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Oil futures are up a bit because the market believes that Trump is out over his skiis. He'll Eff it up like most of his businesses and Trump 1.0. Trump ran USA Inc. into the ground in 2020 and set the stage for major inflation withVery good question
In a rational world this would be the economic/stock market story...
(Bloomberg) -- US manufacturing activity shrank in December by the most since 2024, capping a rough year for American factories.
The Institute for Supply Management’s manufacturing index edged down to 47.9 from 48.2, according to data released Monday. The measure has been below 50, which indicates contraction, for 10 straight months.
1. Massive QE in 2019
2. The massive DEFICIT SPENDING and BIGGEST INCREASE in the NATIONAL DEBT ever due to the 2017 taxfraud bill where my middle class taxes increased 30% and billionaires didn't pay jack. Trucvkers got screwed - Many quit limiting the supply chain by the end of COVID.
3. Reneging on a deal with OPEC in 2020, causing OPEC to respond by greatly decreasing production.
4. Boatloads of $$ paid off the banks in 2020 during COVID, orders of magnitude.
5. Horrendous mismanagement of COVID, leading to a worsened supply chain and inflation.
Trump sucks at business fundamentals. That's why so many of Trump brands went under: Trump Vodka, Mortgage, Steaks, Casinos, University, Airlines, Modeling Agency, Magazine, The Game, Ice, GoTrump.com/browser, New Jersey Generals, etc.
