The trade and economy mega-thread (9 Viewers)

[superchuck500]

Is there a trade deal with China? Is it really a deal or just a pull-back to status quo ante? Is Trump advancing US interests in this well-executed trade battle plan or was this poorly conceived from the start . . . and harmful?

I think the jury's still out, but I haven't seen that the Chinese are offering much in compromise - and it's not even clear if there's going to be an agreement. But it's clear they are working on something and I'm sure Trump will sell it as the greatest trade deal ever. The proof will be in the details.

 

[MT15]

https://www.cnbc.com/2025/02/25/february-consumer-confidence-comes-in-lighter-than-expected-in-latest-sign-of-slowing-economy.html

Biggest drop since August 2021

and thats when inflation started to settle in.

We should all prepare for a recession, at the very least.

 

[efil4]

We should all prepare for a recession, at the very least.

well what you DONT want is recession AND inflation.

That is no bueno. Thats called stagflation and its quite destructive.

 

[MT15]

well what you DONT want is recession AND inflation.

That is no bueno. Thats called stagflation and its quite destructive.

Yeah, I’ve been through it before. It was awful.

 

[Optimus Prime]

Someone please ask Trump, Vance, Dr. Oz and everyone else who made a video telling people vote Trump to lower egg prices what they think of this
=====

Egg prices are already at an all-time high, and, according to a USDA estimate, they're only likely to get more expensive as the year continues.

According to a US Department of Agricultureprojection, egg prices are expected to increaseby 41 percent this year.

Skyrocketing egg prices are largely the result of a widespread bird flu outbreak that forced a mass culling of egg-laying birds. With fewer birds, there are fewer eggs, and with scarcity comes increased cost.

The USDA issued its prediction on Tuesday, showing that prices for the rest of the year are expected to double the already 20 percent spike in egg prices the agency warned about a month ago.……

Egg prices expected to rise more than 40 percent in 2025

The current average price for a carton of eggs is nearly $5 per dozen

www.independent.co.uk

 

[Lapaz]

Someone please ask Trump, Vance, Dr. Oz and everyone else who made a video telling people vote Trump to lower egg prices what they think of this
=====

Egg prices are already at an all-time high, and, according to a USDA estimate, they're only likely to get more expensive as the year continues.

According to a US Department of Agricultureprojection, egg prices are expected to increaseby 41 percent this year.

Skyrocketing egg prices are largely the result of a widespread bird flu outbreak that forced a mass culling of egg-laying birds. With fewer birds, there are fewer eggs, and with scarcity comes increased cost.

The USDA issued its prediction on Tuesday, showing that prices for the rest of the year are expected to double the already 20 percent spike in egg prices the agency warned about a month ago.……

Egg prices expected to rise more than 40 percent in 2025

The current average price for a carton of eggs is nearly $5 per dozen

www.independent.co.uk

In fairness, Trump can't control this increase in egg prices due to the bird flu, but if Biden or Harris were in office, the right wouldn't be nuanced. They would be trashing Harris. With that said, anyone who voted for Trump due to egg prices is a dumbass, and they won't understand nuance anyway.

 

[DJ1BigTymer]

In fairness, Trump can't control this increase in egg prices due to the bird flu, but if Biden or Harris were in office, the right wouldn't be nuanced. They would be trashing Harris. With that said, anyone who voted for Trump due to egg prices is a dumbass, and they won't understand nuance anyway.

Funny story about that:

About 95 million chickens, turkeys, and other poultry have been killed and disposed of since February 2022, according to USDA data obtained by Reuters showing culling and disposal methods through late June.
Bird flu is fatal in birds and the government requires entire flocks to be culled once the virus is on a farm. The deadliest year was 2022, but nearly as many chickens have been disposed of so far in 2024 as in all of 2023, the data shows.

https://www.reuters.com/business/healthcare-pharmaceuticals/chicken-culling-disposal-raise-concern-bird-flu-spreads-2024-07-18/

 

[Optimus Prime]

In fairness, Trump can't control this increase in egg prices due to the bird flu, but if Biden or Harris were in office, the right wouldn't be nuanced. They would be trashing Harris. With that said, anyone who voted for Trump due to egg prices is a dumbass, and they won't understand nuance anyway.

I get that, but

Egg Prices are high under Biden:

GOP: Biden's raising the prices of eggs because he hates America and wants you to suffer

Egg Prices are high under Trump:

DEMS: In all fairness, bird flu, complex factors, supply and demand, etc. (not directed at your personally)

and look at where it's gotten them

Dems way too often play the In Fairness, nice guy Adults in the room who knows how things actually work and respects the process

Some times (and I believe that time is now) fork fairness. Give as good as you got. Give as unnuanced as you got

Not fair? Not true?

Tough

And plenty of people said they only voted for Trump because of inflation and because he blamed Biden for it, and because he said he'd fix it on Day one easy peasy

And look where that got us

 

[efil4]

Trudeau confirms retaliatory tariffs on $150B of US imports to Canada..

Hooray isolationist policy

 

[Neworleansfan]

Both unemployment and inflation are sticking up. Consumer sentiment is down two straight months.
And tariffs will do nothing except pushing inflation higher. All characteristics of a stagflation economy.

 

[efil4]

 

[superchuck500]

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.

apnews.com

 

[efil4]

China likely to target US agriculture, state media reports, as Trump tariff deadline nears

Global Times signals Beijing’s likely countermeasure after US president threatened a further 10% duty to come into force on Tuesday

www.theguardian.com

 

[Incumbent]

 

[superchuck500]

That’s why they want to back out gov spending from GDP - so people can’t see the economic impact of their cuts.

The whole justification that “government spending isn’t real productivity” is so obviously stupid and specious. The government funds construction, pays salaries to working people and professionals, buy supplies and products - of course it’s real.

They just want to hide the impact.

 

[longtime lurker]

Here we go….

Dow tumbles more than 600 points, S&P 500 posts biggest loss since December as Trump says tariffs will proceed

Trump's plans to impose import duties on key U.S. trading partners this week loom over the stock market.

www.cnbc.com

 

[MT15]

And meantime, somebody sure seems like they are using insider knowledge to get richer.

 

[efil4]

And meantime, somebody sure seems like they are using insider knowledge to get richer.

 

[Optimus Prime]

Here we go….

Dow tumbles more than 600 points, S&P 500 posts biggest loss since December as Trump says tariffs will proceed

Trump's plans to impose import duties on key U.S. trading partners this week loom over the stock market.

www.cnbc.com