President Donald Trump

I can see the port of LA and long beach from my house (on a clear day). But most importantly, I can tell you when there's going to be supply shortages, just based on the line-up of cargo ships going into port.

All I'm going to say to Americans is... buckle up butter cup.

Al Gore's recent speech:

It is abundantly clear, after only three months and one day, that the new Trump administration is attempting to do everything it possibly can to try to halt the transition to a clean energy future and a deep reduction in the burning of fossil fuels. The climate crisis is a fossil fuel crisis, basically 80% of it.

Many of you here today have likely felt the chilling effect of the policies and the rhetoric coming from Washington, D.C. and what the effect has been on businesses and investors and far beyond.

The Dow Jones, of course, today fell another thousand points and since Donald Trump’s inauguration it’s gone down six thousand points. But while the most visible impacts of what the new administration is doing may be in the market for stocks and bonds, that’s not the only thing that he has caused to crash.

The trust market has crashed.

The market for democracy has taken a major hit.

Hope is being arbitraged in the growing market for fear.

Truth has been devalued and confidence in U.S. leadership around the world has plummeted.

We are facing a national emergency for our democracy and a global emergency for our climate system.

We have to deal with the democracy crisis in order to solve the climate crisis.

The scale and scope of the ongoing attacks on liberty are literally unprecedented. With that in mind, I want to note before I use what is not a precedent, I understand very well why it is wrong to compare Adolf Hitler’s Third Reich to any other movement. It was uniquely evil, full stop. I get it.

But there are important lessons from the history of that emergent evil, and here is one that I regard as essential.

In the immediate aftermath of World War II, a small group of philosophers who had escaped Hitler’s murderous regime returned to Germany and performed a kind of moral autopsy on the Third Reich. The most famous of the so-called Frankfurt School of Philosophers was a man named Jurgen Habermas – best known, I would say. But it was Habermas’ mentor, Theodor Adorno, who wrote that the first step of that nation’s descent into Hell was, and I quote, “the conversion of all questions of truth into questions of power.” He described how the Nazis, and I quote again, “attacked the very heart of the distinction between true and false.”

The Trump administration is insisting on trying to create their own preferred version of reality. They say Ukraine attacked Russia instead of the other way around, and expect us to believe it! At home, they attack heroes who have defended our nation in war and against cyberattacks as traitors.

They say the climate crisis is a “hoax” invented by the Chinese to destroy American manufacturing.

They say coal is clean.

They say wind turbines cause cancer.

They say sea level rise just creates more beachfront property.

Their allies in the oligarchic backlash to climate action argue that those who want to stop using the sky as an open sewer, for God’s sake, need to be more “realistic” and acquiesce to the huge increases in the burning of more and more fossil fuels (which is what they’re pushing), even though that is the principal cause of the climate crisis.

You may not be surprised to learn that this propagandistic notion of “climate realism” is one that the fossil fuel industry has peddled for years.

I did realize that was the case, but I hadn't thought about it as a benefit when I asked the question
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Sorry I meant in terms of the markets. The tariff thing is mostly over imo, just got to play out so Trump can present it as a win. Unless he does something colossally stupid again, and then that's him being manipulated by others to create a market to make money from.

The fascism stuff is definitely not all over. We haven't seen the half of it yet. Next will be ICE and the military against protestors/resistance, I'm guessing.

Latest brag from DJT - referring to Jerome Powell, Chairman of the Federal Reserve Bank.

"I know much more than he does about interest rates, believe me"

Id love to know what you mean by this. Analysists suggest we're going to have empty stores before long. Layoffs are just beginning. The economy has been collapsing for 4 months and there's no reason it will stop.

It doesn't matter if he "caves". The damage is done and irreversible in the short term at least. A coherent long term strategy has never been presented.

We'll see how this summer plays out. People will soon start to panic but essentials in anticipation of the supply crisis.

This year-to-date (YTD) view has been the most interesting to me as it mostly matches the start of Trump's second term. As the beginning of the year started everything was fine. But then Trump decide to go all in and really do this tariff mess. The results were a disaster. When all of these indexes were down double digit losses, Trump final did the 90 day pause, and the market went way up immediately, but still down for the year-to-date. Then the markets started bleeding back down again. Trump started verbally attacking Chair of the Federal Reserve Powell more day after day while the bleeding of the huge one day 90 day pause momentum evaporated. Once all of these indexes were again down double digit losses for the year, Trump finally listened to advisors telling him to stopped attacking Powel. Also, Treasury Secretary Bessent was tasked with saying something to stop the downward market. Then the market went up, but still down for the year. The bridge too far seems to be when these indexes go into double digit losses for the year. I suspect the markets to slide back down again or stay about the same if we get weekly dose of stuff like a technology tariff carve out one week and a car tariff carve out the next week, etc. But there is no end to this anytime soon. These big players getting carve outs isn't saving the economy as a whole which includes a lot of medium to small businesses that don't have a huge lobby machine.

"Buy on the dip" is probably a good strategy right now if you buy right before these indexes are down double digits. Double digits losses for the year-to-date seems to be the only thing to get Trump to short term listen to reason.

It was good to see grandpa trump believes those lettters on Garcia's fingers in the picture were real tattoos and not visual aids added in photoshop.

Guys, can we stop arguing he's not dumber than a sack of hammers now?

Jfc

I don't disagree. Economy is a lot about stability and trust, both of which seems to be in short supply in the US.

There is also no good reason it should be in short supply.

Yeah, no long term planning or detailed work has rver been done by Trump. If you wanted to reduce Chinese imports or compete with China on low end manufacturing for some reason, massive tariffs would be the last step. not the first. The problem is these would be multi year steps that don't generate a ton of headlines for years. You can see how much leg work China did over the last decade in subsidizing their car industry or spending billions in Brazil to create the infrastructure to replace US soybean imports. That's the kind of stuff the US should be doing now if we wanted to achieve what Trump wants. But it's a multi step multi year thing and Trump does not have the patience or competence for anything like that.

Terrible Q1 data (PCE inflation 3.6, GDP deflator 3.7, QoQ).

Real gdp -0.3 but only because massive import increases (advanced buying pre-tariffs), real capex was great, consumer spending decent.

One of trump's toadies is on cnbc saying that today's horrible numbers are the greatest negative prints ever!

Trump claiming it's Biden's fault the markets are down lololol

Biden's fault my arse

It's not only directly Trump's fault, it's the fault of literally everyone that didn't vote for Harris.

So it's only like 1 in 100 million Trump's fault. Not bad.

The idiots we're dealing with look up to this guy:

Everyone at the US Bureau of Economic Analysis can expect to get fired on Thursday

FYP.

Why would anybody vote for that Drunk?

Good stuff, Fat Fuhrer

It's one of the saddest displays of stupidity you'll ever see, but the even sadder part is people buy it.

Negative prints?