The Economy

[Rightguide]

BBB, I wonder if he means the ‘build back better’ bill?

If so, it might actually mean it this time around.

 

[ll74]

If so, it might actually mean it this time around.

$4 trillion in debt!

MAGA!

 

[Lazaran]

I guess Trump has decided negotiations between countries, trade agreements and laws are passe and it's better to just act as a dictator.

This is not going to end well for the USA or the world. Chaos, recession, depression, WW3 is how this one goes unless he's reined in, which seems unlikely - or China and the EU step up and take over as the adults in the room.

View attachment 2552204

Um, did you read the report about China secretly making sure Russia doesn’t lose its war with / making sure Russia achieves its goals in Ukraine???

 

[PersonalFavors]

You never answer the question do you cunt. Prices are rising due to tariffs. Inflation jumped from 2.4 in April to 2.5 in may. Gee I wonder why. Cars have skyrocketed… take one guess as to why? Grocery prices are up may over april. By the way fucknuts. I started a business and ran it very successfully for 27 years before I sold and retired at 52. Bet you didn’t. My degrees are in advertising and an mba in business administration. So tell me what your degrees are in and how long you ran your business?

The only recent notable price increases I have noticed are on Beef, specifically cuts of steak, NY Strip, Ribeye, Filet...
Not sure how a tariff will cause and increase in locally grown product. That is not inflation either. Can you and your fancy MBA let us know what that increase is? Everything else at the grocery here is coming back in line. Gallon of milk 2.25. Chocolate chips for my cookies are holding steady at obiden inflationary rates. I paid 3.05 for gas last week. Materials like at Lowes or Home Depot are still high from obiden inflation but not rising. Many prices on materials started increasing prior to inflation and blamed on the artificially high cost of fuel for distribution. Now even after inflation they remain high.
Just like after Jimmy Carter's inflation.
I still feel that prices coming down to pre-obiden levels would not be stagflation leading to recession. These are bad words as the sources of goods are seeing dollar signs due to the decrease cost to produce.

 

[ChloeTzang]

Um, did you read the report about China secretly making sure Russia doesn’t lose its war with / making sure Russia achieves its goals in Ukraine???

I did. At some point tho that will make no difference when Russia collapses.

Sorry, I'm going to be a bit non compos mentas for the rest of today so don't waste time on anything intelligent aimed at me today - I just got back from a loooooong and imtimate meeting with my dentist.

It was a root canal on an eye tooth that was done a couple of years ago, Somehow it got decay halfway down the root and that caused an abscess and the base of the tooth had a crack in it as well - so el dentisto said no option, must remove tooth. "No way I can fix THAT baby, Chloe," So I was in this monring at 9am to have it out. "Should only be 20 minutes," he said. "Quick and easy" he said. "You won't feel a thing" he said.

Liar!

So of course when he pulled it, it broke where the crack was and he had to take the rest of the root out bit by bit and some of it had adhered to the bone or something so then the drill came out....and there was an abcess inside the gum so he pared some of the abscess away to to speed up the recovery process. ONLY a two hour struggle session and half a dozen shots of extra painkiller, and I felt like a rat shaken by a terrier by the time he was done, and on top of that I looked like a killer vampire who'd just finished dinner but minus one blood-sucking fang!

It was a quite delightful experience, and when I find the guy that invented local anaesthetics I am going to buy him (or her) as many drinks as they can handle LOL

 

[heathrowinneo]

To start with the obvious: cutting bloated government programs reduces the need for crushing taxes. Washington is teeming with inefficient, wasteful, and often pointless initiatives that drain resources without delivering results. Eliminating them isn’t cruelty, it’s sanity. The fewer dollars we funnel into bureaucratic black holes, the more capital remains in the hands of working Americans, where it can actually fuel prosperity, innovation, and a higher standard of living.

You're missing the point on debt. Cutting programs that help those on need at one level just passes the need and costs to another, federal to state and local. Your comments sound more like sound bytes from hannity and a few others.

The amount added to the national debt with this bill now signed kicks the can down the road. This is not fiscal responsibility.

 

[ishtat]

Interest on the US National debt now exceeds US expenditure on its military. Although much of that debt is held by US institutions and ultimately taxpayers, the marginal debt is held by Japan, China, and less importantly some EU countries. In these circumstances tarriffing China and bullying Japan( over interest rates) is absurd, it ain't gunna work.

At some point the US government will not only have to reduce services expenditure, both civil and military, it will have to increase taxes. Meanwhile, the US dollar will continue to slide and US debt will become increasingly unattractive to purchasers. The Trump administration's next move will probably be to undermine/devalue Social Security commitments.

 

[dmallord]

Samsung delays $44 billion Texas chip fab — sources say completion halted because 'there are no customers'

https://www.tomshardware.com/tech-i...pletion-halted-because-there-are-no-customers

"President Trump’s announcement of far-reaching tariffs has caused widespread uncertainty, but it has greatly impacted consumer electronics and automobiles — key sectors that order the most chips. The Chinese market is continuously growing despite that, but the ongoing trade war between the East and the West is making it difficult, if not impossible, for Samsung to deliver to customers in the [USA] country."

A 'bug' in the chip manufacturing process is the culprit!

 

[MajorRewrite]

Millions of workers are getting a raise as new minimum wage laws kick in

All told, 88 jurisdictions across 23 states were set to see minimum wage hikes by the end of 2025, according to a report by the National Employment Law Project.

Those pay raises this year will directly affect more than 3 million workers earning minimum wage and indirectly nudge up pay for more than 6.2 million higher-paid employees because of the domino effects on company pay structures, according to the Economic Policy Institute data.

 

[MajorRewrite]

The man fucking around with the US economy had this to say: “There are going to be tariffs, the tariffs, the tariffs are going to be, the tariffs.”

We’re doomed.

 

[heathrowinneo]

The man fucking around with the US economy had this to say: “There are going to be tariffs, the tariffs, the tariffs are going to be, the tariffs.”

We’re doomed.

so poetic and elegant as we watch the country take another step backwards.

Treasury yields continue to go up, f/x with the euro/$ is showing more cracks as investors are moving money out of the US safe haven and the US debt level is projected to climb to unhealthy levels - Great job! Future generations will be paying for this big, beautiful mess.

https://www.cnbc.com/2025/07/07/the...ting-worst-first-half-return-in-52-years.html

https://www.cnbc.com/2025/07/07/how-the-us-deficit-could-spark-a-crisis-.html

 

[PersonalFavors]

so poetic and elegant as we watch the country take another step backwards.

Treasury yields continue to go up, f/x with the euro/$ is showing more cracks as investors are moving money out of the US safe haven and the US debt level is projected to climb to unhealthy levels - Great job! Future generations will be paying for this big, beautiful mess.

https://www.cnbc.com/2025/07/07/the...ting-worst-first-half-return-in-52-years.html

https://www.cnbc.com/2025/07/07/how-the-us-deficit-could-spark-a-crisis-.html

Only on cnbc. Do more research.

 

[heathrowinneo]

Only on cnbc. Do more research.

Read some of the past posts, that will help you.

 

[MajorRewrite]

All Trump has is pretense:

'Trump Effect' website takes credit for US investment made under Biden

 

[heathrowinneo]

https://finance.yahoo.com/news/latest-tariff-pause-shows-limits-114842278.html

doesn't seem like there will be many real deals anytime soon. the cost of doing business is going up and so will the prices consumers pay. whatever tax relief the average american consumer did receive through the bbb will be disappearing to pay the higher costs. still watching the japanese and what they will do with their treasury holdings.

 

[Rightguide]

Scott Bessent predicts $300B+ in tariff revenue for 2025​

The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.

By Ben Whedon
Published: July 8, 2025 1:59pm

Treasury Secretary Scott Bessent on Tuesday announced that the U.S. could take in more than $300 billion in tariff revenue in 2025 during the presidential Cabinet meeting.

"We've taken in about $100 billion in tariff income thus far this year and that's with the major tariff not having started until the second quarter. So we expect that could be well over $300 billion by the end of the year," he said.

The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue. It further comes amid a report from the Council of Economic Advisors that found the tariffs were not driving inflation.

"[A]fter decomposing the Personal Consumption Expenditure Price Index into imported and domestic components, found that the prices of imported goods have not only fallen this year, but also declined faster than overall goods prices since February," the report stated. "These findings contradict claims that tariffs or tariff-fears would lead to an acceleration of inflation."

https://justthenews.com/politics-policy/scott-bessent-predicts-300b-tariff-revenue-2025

More winning, as predicted.

 

[MajorRewrite]

Scott Bessent predicts $300B+ in tariff revenue for 2025​

The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.

By Ben Whedon
Published: July 8, 2025 1:59pm

Treasury Secretary Scott Bessent on Tuesday announced that the U.S. could take in more than $300 billion in tariff revenue in 2025 during the presidential Cabinet meeting.

"We've taken in about $100 billion in tariff income thus far this year and that's with the major tariff not having started until the second quarter. So we expect that could be well over $300 billion by the end of the year," he said.

The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue. It further comes amid a report from the Council of Economic Advisors that found the tariffs were not driving inflation.

"[A]fter decomposing the Personal Consumption Expenditure Price Index into imported and domestic components, found that the prices of imported goods have not only fallen this year, but also declined faster than overall goods prices since February," the report stated. "These findings contradict claims that tariffs or tariff-fears would lead to an acceleration of inflation."

https://justthenews.com/politics-policy/scott-bessent-predicts-300b-tariff-revenue-2025

More winning, as predicted.

Treasury Secretary Bessent applauds $300 billion in new tax revenue taken from American businesses and citizens

MAGA sheep obediently agree.

 

[Lazaran]

Scott Bessent predicts $300B+ in tariff revenue for 2025​

The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.

By Ben Whedon
Published: July 8, 2025 1:59pm

Treasury Secretary Scott Bessent on Tuesday announced that the U.S. could take in more than $300 billion in tariff revenue in 2025 during the presidential Cabinet meeting.

"We've taken in about $100 billion in tariff income thus far this year and that's with the major tariff not having started until the second quarter. So we expect that could be well over $300 billion by the end of the year," he said.

The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue. It further comes amid a report from the Council of Economic Advisors that found the tariffs were not driving inflation.

"[A]fter decomposing the Personal Consumption Expenditure Price Index into imported and domestic components, found that the prices of imported goods have not only fallen this year, but also declined faster than overall goods prices since February," the report stated. "These findings contradict claims that tariffs or tariff-fears would lead to an acceleration of inflation."

https://justthenews.com/politics-policy/scott-bessent-predicts-300b-tariff-revenue-2025

More winning, as predicted.

Scott Bessent served "Right"guide a (bull) shit sandwich, and "Right"guide swallowed it whole…which tracks perfectly with what we know about "Right"guide…



"Right"guide



We. Told. Them. So.

 

[Rockymtnman]

The only recent notable price increases I have noticed are on Beef, specifically cuts of steak, NY Strip, Ribeye, Filet...
Not sure how a tariff will cause and increase in locally grown product. That is not inflation either. Can you and your fancy MBA let us know what that increase is? Everything else at the grocery here is coming back in line. Gallon of milk 2.25. Chocolate chips for my cookies are holding steady at obiden inflationary rates. I paid 3.05 for gas last week. Materials like at Lowes or Home Depot are still high from obiden inflation but not rising. Many prices on materials started increasing prior to inflation and blamed on the artificially high cost of fuel for distribution. Now even after inflation they remain high.
Just like after Jimmy Carter's inflation.
I still feel that prices coming down to pre-obiden levels would not be stagflation leading to recession. These are bad words as the sources of goods are seeing dollar signs due to the decrease cost to produce.

Not all produce is local, many in fact are from central and South America. Sorry if you don’t believe what the government tells us. You know the one… currently being run by the orange buffoon. Wood, steel, and a vast array of building materials will continue to rise as much of that comes from other countries. American made products are typically already more expensive than foreign products and they certainly aren’t going to make it cheaper, they might sell more when foreign made products go up in price, which is a good thing. However, prices will not drop on most products anytime soon.

Saw a car ad that said, we promise to not raise prices until July 7th so buy now. Pretty sure I know why.

 

[heathrowinneo]

Tariffs on again/off again and changing rates, bbb for the few, immigration, destruction of the social safety net, increasing debt - government and personal, more... reminds of the captain of the titanic trying to navigate icebergs in the north Atlantic.

 

[ishtat]

Scott Bessent predicts $300B+ in tariff revenue for 2025​

That is no where near enough! It does not even begin to control, let alone reduce the deficit and interest burden. The USA needs to reduce both military and civilian expenditure, and increase taxes. Unpalatable politically but totally necessary.

 

[Lazaran]

The only recent notable price increases I have noticed

Yeah, “the only recent notable price increases” THEY (PersonalFavors) “have noticed”…



Considering that PersonalFavors has repeatedly demonstrated that they (PersonalFavors) are NOT the sharpest rubber mallet in the shed, we should probably NOT depend on what they (PersonalFavors) has “noticed” about “recent notable price increases”…



We. Told. Them. So.

 

[ChloeTzang]

So where's the deals, Donny?

Love the coverage of the tariffs in this one. Hilarious.

Less hilaious, a lot of recessionary indicators out there. The uncertainty around tariffs is killing growth.

 

[ChloeTzang]

Is this the beginning of the end of the American empire? This is One Clip That is REALLY worth watching​

This is how the Aussie's see it (it's a month old but relevant)

Trump is wrecking the system that America created, that's maintain world stabiliry for 70 years. Without an American hegemony, instability will grow. Trump has lost all credibility and is destroying America as a superpower - and world markets are now questioning the level of US Debt. If you are the center of the world's monetary system and you default, you create chaos, with unpredicable outcomes..... hes also on the very of losig the US dollar its status as the world reserve currency

"We are witnessing the implosion of the American Empire, accelerated by Trump"

The Big Beautiful Bill is an act of fiscal vandalism, addimg 3-4 trillion to he US Federal debt, and investors believe the US now has too much debt. US Bonds and US dollars are being sold off, something that usualy prceds a crisis. An empire begins to decline when it spends more in its debts and its military (a pattern that it's histprically verifiable), and when this happens, as an Empire, it's finished.

This is the sort of really good analysis that is missing on US Media.

 

[heathrowinneo]

Is this the beginning of the end of the American empire? This is One Clip That is REALLY worth watching​

This is how the Aussie's see it (it's a month old but relevant)

Trump is wrecking the system that America created, that's maintain world stabiliry for 70 years. Without an American hegemony, instability will grow. Trump has lost all credibility and is destroying America as a superpower - and world markets are now questioning the level of US Debt. If you are the center of the world's monetary system and you default, you create chaos, with unpredicable outcomes..... hes also on the very of losig the US dollar its status as the world reserve currency

"We are witnessing the implosion of the American Empire, accelerated by Trump"

The Big Beautiful Bill is an act of fiscal vandalism, addimg 3-4 trillion to he US Federal debt, and investors believe the US now has too much debt. US Bonds and US dollars are being sold off, something that usualy prceds a crisis. An empire begins to decline when it spends more in its debts and its military (a pattern that it's histprically verifiable), and when this happens, as an Empire, it's finished.

This is the sort of really good analysis that is missing on US Media.

The debt will help drive interest rates higher for US debt servicing, business and consumers. It's foretelling in that more cuts will be needed to reign in spending. Taxes and user fees will increase. We have seen treasuries rise and the dollar weaken. Expect that continue. If the tariffs continue, the American consumer will continue to pay more.

Foreign debt holders will expect returns commensurate with returns. Instability and volatility won't help the markets either.