President Donald Trump
I assume it's still acceptable to have a Trump thread in a Politics forum?
So this is an obvious lie - basically aimed at
I made this joke when Trump replaced Obama. Didn't get as much love as it deserved IMO.
I didn't get an invite to the Signal chat. :(
China put 84% tariffs on american goods, sp500 futures lost 100 points in 1 min
This about shows the suitability of the cockwomble to be president.
"These countries are calling me, kissing my ass, they are dying to make a [trade] deal… ‘please please sir let me make a deal, I’ll do anything, I’ll do anything sir.’"
https://www.reddit.com/r/GlobalNews/comm...
Cliff notes: childish boastfulness
China just announced 84% tariffs on US goods.
Last night Trump said "China wants a deal but they don't know how to get it started". Looks like they've decided how to "get it started" lol. Trump is such a clown.
So much winning
The biggest fallers in the FTSE 100 came from the drugs sector after President Trump said last night that “we’re going to be announcing very shortly a major tariff on pharmaceuticals”.
Last night Trump said "China wants a deal but they don't know how to get it started". Looks like they've decided how to "get it started" lol. Trump is such a clown.
The quote from Trump that continues to crack me up is when China reacted with tariffs to first lot of tariffs Trump did. He said something like 'they're not doing what they're supposed to do!'
LOLZ
US Treasuries selling off, the exact opposite of what occurs in a flight-to-safety during economic upheaval. Nobody knows exactly why but a big possibility is China dumping them - they owned $750B at the start of this year. The dollar is also dropping, which is even more confounding and troubling.
USDollar might just have stopped being the world's safe currency?
Wouldn't it be glorious if the markets decided the CAD is now the safest.
Bloomberg: Dalio Sees Once-a-Lifetime Collapse in Economic, Political Order
Ray Dalio warned that investors are too narrowly fixated on tariffs and not paying enough attention to the bigger “once-in-a-lifetime” breakdown occurring in major monetary, political and geopolitical orders.
Failing to heed those underlying conditions may blindside investors to the biggest disruptions that are still to come, the billionaire founder of Bridgewater Associates wrote in a post on X.
His comments come amid a tumultuous period for global markets as US President Donald Trump’s tariffs threatened to upend the global economy.
Among the drivers of Trump’s tariff policies are too much existing debt and the rapid rate at which new borrowing is added, Dalio wrote. He said the US is hooked on using debt to finance excessive spending, while creditor countries like China are addicted to selling goods to borrower countries like the US.
“There are big pressures for these imbalances to be corrected one way or another and doing so will change the monetary order in major ways,” Dalio added.
“It is obviously incongruous to have both large trade imbalances and large capital imbalances in a deglobalizing world in which the major players can’t trust that the other major players won’t cut them off from the items they need (which is an American worry) or pay them the money they are owed (which is a Chinese worry),” he wrote.
Gaps in people’s education, opportunity, productivity levels as well as income, wealth and values are manifesting in a breakdown of the democratic system and the rise of autocratic leaders, according to Dalio.
Source: https://www.bloomberg.com/news/articles/...
AKA, MAGA dummies.
Congress can stop him, but are spineless ass kissers, and only a few of them are making vague farts about maybe being not being absolutely ecstatic with how things are going.
Maybe Elon can reel him in, which is a wholly depressing state to be in.
Here is US Secretary of Commerce Howard Lutnick's response to why tariffs are placed on Heard Island and McDonald Islands:
"if you leave anything off the list, the countries that try to basically arbitrage America go through those countries to us,"
...
"The president knows that. He's tired of it, and he's going to fix that. So basically, he said, 'Look, I can't let any part of the world be a place where China or other countries can ship through them.' He ended those loopholes — these ridiculous loopholes. Now, what he's trying to say is, 'I'm going to fix the trade deficit of the United States of America."
Countries excluded from Orange Tariffs: Russia, Belarus, North Korea, Cuba
Obviously nothing about this situation makes sense given their explanations, but if we consider Lutnick's strategy, we're intentionally helping these countries.
Certainly I wasn't the only person who saw this coming. On Wednesday I'll load it all back in when things start going back up. You don't need a financial degree to understand how things go.
That has be one of the worst takes on here in a while.By almost any metric investors want to use, the market has been extremely overvalued for a while now. A trade war created by the U.S. Pr
Good ol’ mongoloid really just at the point where he’s just parroting whatever blue check subscriber cumballs6969 said on XFormerlyKnowmAsTwitter said to make up for his colossal level of stupidity on actual subject matters to justify his wall of text racism
Here is US Secretary of Commerce Howard Lutnick's response to why tariffs are placed on Heard Island and McDonald Islands:"if you leave anything off the list, the countries that try to basically arbitrage America go through those countries to us,"..."The president knows that. He's tired of it, and he's going to fix that. So basically, he said, 'Look, I can't let any part of the
Peak sophistry.
Watched Jon stewart. He had a clip of one of trump's toadies that appeared ecstatic because the markets were able to handle all of the volatility without any computer glitches.
And somewhat lost in all of the tariff nonsense is the orange idiot's war on education.
Make america stupid again!
The Trump administration is freezing $790 million in federal funding to Northwestern University and more than $1 billion in funding to Cornell University, a White House official told CNN.
sigh
Americans seeking retirement or survivor benefits from the Social Security Administration will no longer be able to apply over the phone, starting on Monday.
"More than 4 in 10 retirees apply for their Social Security benefits by phone, as do most spouses who are eligible for benefits," researchers wrote. "So do the substantial majority of bereaved family members who are eligible for benefits following the death of a worker."
