knapplc
Well-known member
100% unnecessary self-inflicted wound. There is zero economic logic in anything he's doing.
The goal has to be to piss people off enough to have mass protests, at which point he declares martial law, suspends habeus corpus, and declares himself dictator for life.
Economy shrinking, stock market sliding
The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s sweeping tariffs took effect, widening the trade deficit and curtailing growth.
U.S. gross domestic product, the value of all goods and services, shrank at an 0.3% annual rate in the first three months of the year, down from a 2.4% increase at the end of last year. Stocks slid early Wednesday on the news.
"A period of stagnation now likely lies ahead if the current set of tariffs is maintained, with recession the most likely outcome if the additional reciprocal tariffs are imposed in full in July," Pantheon Macroeconomics wrote in a note to clients. Trump's sweeping levies on dozens of nations were paused for 90 days to allow for negotiations.
Stocks are trading lower Wednesday morning as investors react to a spate of negative economic news and trade war comments from earnings releases.
The blue-chip Dow was 1.4% lower, giving up 569 points to trade near 39,958, while the broad S&P 500 fell 1.7%, losing 92 points to about 5,469. The tech-heavy Nasdaq slid 2.1%, down 64 points near 17,096 at midmorning. The 10-year U.S. Treasury note was unchanged at 4.171%, but the VIX, which is often known as Wall Street's "fear gauge," surged 15%.
The nation’s gross domestic product, the value of all goods and services produced in the U.S., shrank at a seasonally adjusted annual rate of 0.3% in the January-to-March period, the Commerce Department said Wednesday. That’s down from a 2.4% increase in the third quarter and a 2.8% advance for all of 2024.
The goal has to be to piss people off enough to have mass protests, at which point he declares martial law, suspends habeus corpus, and declares himself dictator for life.
Economy shrinking, stock market sliding
The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s sweeping tariffs took effect, widening the trade deficit and curtailing growth.
U.S. gross domestic product, the value of all goods and services, shrank at an 0.3% annual rate in the first three months of the year, down from a 2.4% increase at the end of last year. Stocks slid early Wednesday on the news.
"A period of stagnation now likely lies ahead if the current set of tariffs is maintained, with recession the most likely outcome if the additional reciprocal tariffs are imposed in full in July," Pantheon Macroeconomics wrote in a note to clients. Trump's sweeping levies on dozens of nations were paused for 90 days to allow for negotiations.
Stocks are trading lower Wednesday morning as investors react to a spate of negative economic news and trade war comments from earnings releases.
The blue-chip Dow was 1.4% lower, giving up 569 points to trade near 39,958, while the broad S&P 500 fell 1.7%, losing 92 points to about 5,469. The tech-heavy Nasdaq slid 2.1%, down 64 points near 17,096 at midmorning. The 10-year U.S. Treasury note was unchanged at 4.171%, but the VIX, which is often known as Wall Street's "fear gauge," surged 15%.
The nation’s gross domestic product, the value of all goods and services produced in the U.S., shrank at a seasonally adjusted annual rate of 0.3% in the January-to-March period, the Commerce Department said Wednesday. That’s down from a 2.4% increase in the third quarter and a 2.8% advance for all of 2024.
It’s saying “both” statements were dumb so they “both” must be morons if the poster is correct. 
We aren’t like the rest. We both know the statements were moronic therefore we elected two morons. We are on the same team here, and same page thinking it’s silly for Trump to blame Biden 3 months into his administration for the S&P’s performance and Biden blaming Trump 1 1/2 YEARS into his administration for inflation. Of which we know got much worse AFTER the spending packages were passed. 