Tuxan wrote this earlier in another thread: "A trade deficit isn’t a scoreboard where “we lose” and “they win.” It just means we buy more goods from them than they buy from us. That often reflects our strong consumer market, not some unfair trick. And here’s what’s missing: many countries run a goods surplus with the U.S. because they import huge amounts of services from the US, tech, finance, IP, entertainment. The full trade picture includes both. You don’t fix a math problem by only looking at half the numbers. Tariffs are just taxes on your own people." Thats the best short and absolutely spot on analysis of trade I've read in quite awhile. Thanks for that. Trump’s tariffs will be bad for you. ...A recession in America? If Trump keeps in place the tariffs announced Wednesday, recession is a likely outcome for both the US and the world this year, JPMorgan said in a note Thursday. The tariffs will cause prices in America to surge, too, adding close to 2% to the Consumer Price Index in 2025, according to the bank. “This year’s cumulative tariff hike should be viewed as a US tax increase of roughly $660 billion,” JPMorgan analysts said, noting that this amounted to the largest tax increase in recent decades by far. “The impact on inflation will be substantial.” The overall economic “shock” from Trump’s tariffs will be exacerbated by any retaliatory measures imposed by America’s trading partners on US goods, the analysts also wrote. And retaliation is on the cards. In the hours following Trump’s announcement, the EU — the largest single market for US goods exports — said it was preparing countermeasures, and China condemned what it called “unilateral bullying” from the US and vowed to retaliate. https://edition.cnn.com/2025/04/04/economy/recession-trump-tariffs-intl/index.html First House Republican Comes Out Against Trump https://www.newsweek.com/first-house-republican-comes-out-against-trump-tariffs-2055744 Full List Of Republicans Sounding The Alarm On Trump https://www.newsweek.com/tariffs-donald-trump-republican-critics-full-list-2055640 Reagans GOP not totally dead and brainwashed yet.
Trump tariffs: 'There will be blood', JPMorgan warns of economic anxiety, 60% global recession odds There is growing economic unease on Wall Street in response to Donald Trump's recent implementation of widespread tariffs, prompting leading banks to issue warnings of a possible recession. According to a report from Bloomberg, JPMorgan's Chief Economist Bruce Kasman has estimated a 60% likelihood of a global recession in 2025, a significant increase from the previous forecast of 40%. Kasman emphasized the potential amplification of the tariff effects through retaliatory measures, decreased US business sentiment, and disruptions in the supply chain, as outlined in his publication titled "There Will Be Blood." https://www.msn.com/en-in/money/eco...-anxiety-60-global-recession-odds/ar-AA1ChCUQ
Economists are elites who want to make you feel stupid because they went to school for 8 years and study this stuff like nerds.
If he is making a vow to make no changes to these tarriffs he implemented on the entire world then everyone as a whole, even the people of the US will all suffer from these great consequences.... The intervention the fed can do is drop rates, which I think Trump may be forcing him to do with these tarriffs....but no way no how does this fix anything....the only fix right now is to eliminate all and every tarriff that he just implemented.....No way will the consumer survive these tarriff burdens....consumers spending is going to collapse as everyone sees retirement and investment accounts plummeting sending the entire world in the deepest recession the world has ever witnessed
Dunno if they're nerds or not... but they sure are some darn good capitalists. JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024 WASHINGTON (AP) — JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts... https://apnews.com/article/jpmorgan-chase-bank-earnings-profit-38c5a832fdb4503d8483d6115b4a8ee1 Buffett may have some nerdy aspects, but he is one fine fellow I've always liked with his head screwed on straight, and, err, well, financially a life very very very well lived to put it like that. Warren Buffett calls tariffs ‘an act of war Legendary investor Warren Buffett likened tariffs to “an act of war” in a new interview as President Trump doubles down on his embrace of the economic strategy. In an interview that aired Sunday on CBS News, anchor Norah O’Donnell asked Buffett about the effects tariffs will have on the economy. “Tariffs are actually, we’ve had a lot of experience with them,” Buffett said in response. “They’re an act of war, to some degree.” On tariffs’ impact on inflation, Buffett said, “Over time, they are a tax on goods.” “I mean, the Tooth Fairy doesn’t pay ’em,” he added with a laugh. https://thehill.com/business/5174362-warren-buffett-tariffs-act-of-war/
Wall Street Journal, last time I checked not exactly a secret society of cheerleaders for socialism, used the same term as Buffett: The Dumbest Trade War in History Trump will impose 25% tariffs on Canada and Mexico for no good reason. President Trump will fire his first tariff salvo on Saturday against those notorious American adversaries . . . Mexico and Canada. They’ll get hit with a 25% border tax, while China, a real adversary, will endure 10%. This reminds us of the old Bernard Lewis joke that it’s risky to be America’s enemy but it can be fatal to be its friend. https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2 Thats probably the only thing Trump has achieved: alienating pretty much all of our allies, plus the rest of the world we trade with, so largely exempting Russia haha.
Buffet putting his money where his mouth is. Warren Buffett, warning of ‘scoundrels’ and ‘fiscal folly,’ slashes his exposure to U.S. stocks It surely says nothing cheerful that Warren Buffett, the world’s most famous and successful investor, now holds more than half of his company’s net assets in cash and Treasury bills. Or that in his latest annual letter to investors, the 94-year-old has taken a break from his usual patriotic boosterism, and instead is warning about the risks to America from “fiscal folly” and from “scoundrels and promoters” who “take advantage of those who mistakenly trust them.” https://finance.yahoo.com/news/warren-buffett-warning-scoundrels-fiscal-184500701.html
just because they studied finance for decades doesn’t mean they know more than me. Now I have to feed the pigs.