The Economy

[Bn2f]

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TBF to trump - Sending healthcare $$ directly to the people very much sounds like a novel concept rather than a legit legislative healthcare plan.

 

[MajorRewrite]

Economic data is finally coming out, and it’s not good.

US unemployment rolls swelled between mid-September and mid-October

The number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, increased 10,000 to a seasonally adjusted 1.957 ⁠million during the week ended October 18, the data showed. ‌Continuing claims shot up from the 1.916 million level in the week ended September 13.

The substantial increase in continuing claims between the September and October survey weeks would suggest a high unemployment rate in October, and is consistent with lethargic hiring.

 

[Bn2f]

“Congress, do not waste your time and energy on anything else. This is the only way to have great Healthcare in America!!! GET IT DONE, NOW. President DJT”

Like I always said, this man’s a leader. When a president says, “The buck stops here!” I instantly think of trump. That ballroom done yet? Americans have healthcare and I feel like celebrating.

 

[ChloeTzang]

John Deere being hit hard by tariffs

 

[ChloeTzang]

Trump’s POTASH Tariff BACKFIRES – Canada CASHES IN ​

Potash — the hidden backbone of American farming — is now caught in the middle of Trump’s tariff war. Nearly 85% of U.S. potash comes from Canada, and with new trade restrictions, fertilizer costs are set to skyrocket. Farmers face shrinking margins, rising debt, and the possibility of a full-blown supply crisis.

 

[Philthy_Phil]

 

[ll74]

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America has basically said "trust us, we have your best interests in mind" and the same leader dropped his drawers and took a shit on the deal table four years later.

And he's the "art of the deal" that our country elected.

 

[heathrowinneo]

America has basically said "trust us, we have your best interests in mind" and the same leader dropped his drawers and took a shit on the deal table four years later.

And he's the "art of the deal" that our country elected.

Sad and oh so true.

 

[heathrowinneo]

Trump’s POTASH Tariff BACKFIRES – Canada CASHES IN ​

Potash — the hidden backbone of American farming — is now caught in the middle of Trump’s tariff war. Nearly 85% of U.S. potash comes from Canada, and with new trade restrictions, fertilizer costs are set to skyrocket. Farmers face shrinking margins, rising debt, and the possibility of a full-blown supply crisis.

There was so little foresight about outcomes other being blinded by tariff tax revenue with many believing that the foreign source pays the tax. Reminiscent of Mexico building and paying for the wall.

The harm, short and long term, will take a lot of time to unravel, fix and try to repair. Supply chains that built a strong economy are shaken and fractured. Costs have risen due to the tariff tax and are driving the affordability crisis. Think soy beans, beef, coffee, Argentina bailout, more.

Someone dangled tariffs as a solution to pay for their ill gotten gains like a dirt farmer dangles a carrot in front of a mule. And they went for it.

 

[ChloeTzang]

There was so little foresight about outcomes other being blinded by tariff tax revenue with many believing that the foreign source pays the tax. Reminiscent of Mexico building and paying for the wall.

The harm, short and long term, will take a lot of time to unravel, fix and try to repair. Supply chains that built a strong economy are shaken and fractured. Costs have risen due to the tariff tax and are driving the affordability crisis. Think soy beans, beef, coffee, Argentina bailout, more.

Someone dangled tariffs as a solution to pay for their ill gotten gains like a dirt farmer dangles a carrot in front of a mule. And they went for it.

There's a place for tariffs butr they need to be well thougght out and targeted - slapping blanket tariffs on everything is a recipe for disasters - Johne Deere for example is being really badly affected.

Farmers are being screwed......

 

[heathrowinneo]

There's a place for tariffs butr they need to be well thougght out and targeted - slapping blanket tariffs on everything is a recipe for disasters - Johne Deere for example is being really badly affected.

Farmers are being screwed......

and the tariffs do not make a country more competitive, quite the opposite. add to the fact of trying to reshore factory jobs that require special skills and education to use technology all the while dismantling the department of education. no national vision or response for such a tall order.

 

[MajorRewrite]

Trade deficit up 25% compared to 2024 even though Crooked Donnie has a tariff fetish.

U.S. trade deficit is up so far in 2025, coming in at $713.6 billion through August, up 25% from $571.1 billion in January-August 2024.

It did decrease from July to August. That’s what protectionism does. I just think it’s amusing that for the year the trade deficit soared so much.

 

[heathrowinneo]

Trade deficit up 25% compared to 2024 even though Crooked Donnie has a tariff fetish.



It did decrease from July to August. That’s what protectionism does. I just think it’s amusing that for the year the trade deficit soared so much.

Tariffs depress the global economy. Look at Japan, Europe, Canada, Bolivia, Nigeria and other countries that are suffering. They aren't buying as much from the US either with exports basically flat.

 

[Lazaran]

There's a place for tariffs butr they need to be well thougght out and targeted - slapping blanket tariffs on everything is a recipe for disasters - Johne Deere for example is being really badly affected.

Farmers are being screwed......

Fuck. The. Farmers. (They have repeatedly voted for DonOld & the MAGAt republicans).



We. Told. Them. So.

 

[MajorRewrite]

The median age of first-time homebuyers has risen to 40, a record high.

And the share of first-time buyers is a record low 21%.

"The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory," said Jessica Lautz NAR deputy chief economist and vice president of research.

"Unfolding in the housing market is a tale of two cities," Lautz explained. "We're seeing buyers with significant housing equity making larger down payments and all-cash offers, while first-time buyers continue to struggle to enter the market."

It’s another indicator of the K-shaped economy.

The median age of repeat buyers is 62! 30% of those pay cash (not surprising since they’re selling another house that likely has inflated in value).

I haven’t heard a decent proposal from anyone for changing the situation. IMHO, manufactured housing is the only way to provide inexpensive homes. The stumbling block is local zoning that prevents manufactured homes from going in.

 

[Buffalogurl]

There's a place for tariffs butr they need to be well thougght out and targeted - slapping blanket tariffs on everything is a recipe for disasters - Johne Deere for example is being really badly affected.

Farmers are being screwed......

In some respects John Deere deserves everything it receives....... some of the shit they build into their equipment is just wrong, and criminal.....

 

[heathrowinneo]

The median age of first-time homebuyers has risen to 40, a record high.

And the share of first-time buyers is a record low 21%.





It’s another indicator of the K-shaped economy.

The median age of repeat buyers is 62! 30% of those pay cash (not surprising since they’re selling another house that likely has inflated in value).

I haven’t heard a decent proposal from anyone for changing the situation. IMHO, manufactured housing is the only way to provide inexpensive homes. The stumbling block is local zoning that prevents manufactured homes from going in.

Agree on the "K" shaped curve, see post #3176 for added commentary

 

[Buffalogurl]

Watch the bond market, Japan just "dropped a 110 b stimulus "bomb" that is/has destroyed the carry-trade vehicle, those institutions with Japanese carry-trade must either exit or hemorrhage money..... in short 500 billion in carry-trade positions  must unwind, not panic just simply math..... care to take a guess where this will/is happening? The US stock market.... 500 billion will be removed from the US stock market.......
Someone, or more accurately alot of someones are gonna receive a spanking, like a red headed stepchild spanking.....
Opinion, the carry-trade is a money for nothing scam from the get-go, seems these money changers will receive everything they have coming to themselves... gee hope it ain't too painful
Ps, is this a black swan?

 

[ChloeTzang]

In some respects John Deere deserves everything it receives....... some of the shit they build into their equipment is just wrong, and criminal.....

There is that!

 

[MajorRewrite]

September 2025: Jobs added , unemployment up

The US economy added 119,000 positions in September,data from the Bureau of Labor Statistics showed Thursday, an unexpected boost to the labor market that has lately shown signs of a possible slowdown.

revisions to prior months’ data showed August’s payrolls lost 4,000 jobs, compared to the previously reported gain of 22,000. July also showed a slightly smaller boost of 72,000 positions, instead of 79,000.

The unemployment rate, meanwhile, crept up to 4.4% in September, the highest level since October 2021, slightly exceeding August’s level of 4.3% and above the rate of 4.1% seen a year ago. The number of unemployed people grew slightly in September, reaching 7.6 million from August’s count of 7.4 million.

 

[Rightguide]

Yuge win! New jobs report exceeds expectations, reversing Biden-era trends​

Cooper Williamson
November 20, 2025

The US added more than double the expected number of new jobs.​

After more than a month's delay due to the government shutdown, the government has released a new jobs report from September. The report defied expectations and proved President Trump is getting the economy back on track.

On Thursday, the Bureau of Labor Statistics released the long-awaited jobs report. The numbers blew many estimates out of the water.

'This strong report is more proof that President Trump’s pro-growth, America First agenda is already making great progress, and it will continue to deliver positive results for American families and businesses.'

According to data obtained from the BLS, the U.S. added 119,000 jobs in September, marking an increase compared to previous months. The estimate, according to Fox News, was 50,000 new jobs.

https://www.theblaze.com/news/yuge-...ceeds-expectations-reversing-biden-era-trends

More winning.

 

[ll74]

Lol...nope

 

[heathrowinneo]

September 2025: Jobs added , unemployment up

Shaky job market and creeping inflation makes for a fed decision that should wait until after the December data is out.

Money isn't going as far as it once did and if you got a job, better hold onto it. Things aren't looking too good. Tariffs, inflation, weakened job market.

 

[Lazaran]

September 2025: Jobs added , unemployment up

I doubt the ultimate veracity of the September report, but I’ll play along…



Meanwhile:

The markets seem to know (are finally admitting / reflecting) what’s up with DonOld & the MAGAt republicans’ economy / economic policies.

How. Low. Will. They. Go.



We. Told. Them. So.

 

[SebastianHolt]

The median age of first-time homebuyers has risen to 40, a record high.

And the share of first-time buyers is a record low 21%.





It’s another indicator of the K-shaped economy.

The median age of repeat buyers is 62! 30% of those pay cash (not surprising since they’re selling another house that likely has inflated in value).

I haven’t heard a decent proposal from anyone for changing the situation. IMHO, manufactured housing is the only way to provide inexpensive homes. The stumbling block is local zoning that prevents manufactured homes from going in.

JESUS! I purchased my first house at 17