The Economy

[DeluxAuto]

Quantam 7D intergalactic quad-dimensional rubik's cube.

 

[dmallord]

Were you staring at yourself in the mirror when you crafted this narrative.

I crafted the message for someone who seemed semi-literate, seemingly open to opinion, but generally biased overall. He was polite and still is in his discourse. His replies, at present, show he is upset with my 'facts.' Still claiming I presented none. Confirming the definition cited and a new term I learned today: Sea Lioning.

Clearly, the message wasn't meant for you... at all.

 

[dmallord]

If you don't understand that the purchasing power of the dollar has gone down over 20% since 2019, you shouldn't be lecturing anyone about economics, you fucking moron.

And if you don't understand the cratering of living standards in Europe is driven by inflation and this is why their governments are failing and ours is about to fail, you shouldn't be lecturing anyone about geopolitics.

I bet that if you went to university that it was barely accredited. I went to a top-tier school in both undergrad and grad. It is painful reading your posts. The enlightened idiocy is honestly enraging

Congratulations! Your top-tier school's alumni share some things in common with you: Statistically, even the bottom 10% of every graduating class still walked out with the same degree you did.

Just thinking about your slot, given your post, its syntax, and the way you're dissing others here.

 

[heathrowinneo]

Looking at the family farmers and waiting to see if socialism kicks in and subsidies are provided or if 'free markets' payout and how many lose all or some of their land. Sorry state of affairs when so much hangs in the air for those farmers.

Yes we can ask them who they voted for but not sure it makes a difference with some of them. Also, who stands to gain when the farms are sold? Betting large agri-corps are waiting for a bargain sale.

 

[ChloeTzang]

Ohhhhhhh nooooo, what's Trump going to do? Impose tariffs on Canada?

 

[heathrowinneo]

Ohhhhhhh nooooo, what's Trump going to do? Impose tariffs on Canada?

View attachment 2565013

The retaliatory aspects are coming in not buying American be it bourbon or military hardware.

 

[ChloeTzang]

The retaliatory aspects are coming in not buying American be it bourbon or military hardware.

The thing that really bugs me is that Trump has enough to do fixing the US and resolving all sorts of internal issues without startging trade wars with every country we're friendly with.

It's just nuts.

 

[heathrowinneo]

The thing that really bugs me is that Trump has enough to do fixing the US and resolving all sorts of internal issues without startging trade wars with every country we're friendly with.

It's just nuts.

We will pay a price in the form of not buying US made products where there are alternatives such as booze, military, services... much of what was in demand by our trading partners. Reciprocal tariffs may not be needed if they can find another friendlier source.

 

[MajorRewrite]

As expected, the Fed cut its target interest rate.

The Federal Reserve cut interest rates by a quarter percentage point Wednesday, its first reduction of 2025, and projected two more cuts for the rest of this year.

“Job gains have slowed," Fed officials said in their statement released Wednesday, "and the unemployment rate has edged up" but remains "low." They dropped a prior characterization of the labor market as "solid."

 

[MajorRewrite]

Housing permits continue a steep decline.

Home construction is extremely cyclical so it’s a bad sign for the economy.

Moody Analytics recently identified building permits as the most critical economic variable for predicting recessions.

 

[Bray123]

https://imgur.com/Gpg5MGe

 

[heathrowinneo]

https://imgur.com/Gpg5MGe

People need to speak up and share the facts. Good for Jerome Powell

 

[SmokingFap]

MAGA? Congratulations, you are a special retard. Ask mom for a helmet, you fat cunt

Which word didn't you understand, O'Queef?

 

[ll74]

Let's play a game-

How many people do you personally know that have lost their job under this amazing dear leader economy?

I'll start - I know three people who have lost their job within the last six months.

 

[SevMax2]

So, the GOP got elected due at least in part to dissatisfaction over high prices….and promptly raised taxes and prices on ordinary Americans. Lord North would be so proud.

 

[Rotadom]

https://www.reddit.com/r/therewasanattempt/s/B6nDWzH5en

 

[dmallord]

Let's play a game-

How many people do you personally know that have lost their job under this amazing dear leader economy?

I'll start - I know three people who have lost their job within the last six months.

Two last month.

 

[DanOkeffie]

Economic illiterates tend to talk the loudest, too.

is that why you scream?

 

[DanOkeffie]

Two last month.

For the friends who lost their jobs, what field were they in?

 

[ll74]

For the friends who lost their jobs, what field were they in?

Do you have friends who lost their jobs?

Out of the three, two were in IT infrastructure and one was in IT management.

 

[MajorRewrite]

America first? Nope! Not when Donnie is trying to influence an election in Argentina!

Treasury Secretary Bessent committed to direct financial support for Argentina’s struggling economy.

The Treasury will buy US bonds from Argentina and provide credit as needed. And a $20 billion swap line. And we’ll purchase their government debt.

Argentina’s spotless financial history makes all of these handouts smart! Surely they’ll repay it. Surely …

 

[dmallord]

For the friends who lost their jobs, what field were they in?

Chef at restaurant- business slowed, and they cut the highest-paid one.
Auto Sales- Salesman– declining sales factor

 

[heathrowinneo]

America first? Nope! Not when Donnie is trying to influence an election in Argentina!

Treasury Secretary Bessent committed to direct financial support for Argentina’s struggling economy.

The Treasury will buy US bonds from Argentina and provide credit as needed. And a $20 billion swap line. And we’ll purchase their government debt.

Argentina’s spotless financial history makes all of these handouts smart! Surely they’ll repay it. Surely …

A deal with this group is usually done with some quid pro quo. So, what was promised?

 

[MajorRewrite]

The estimated GDP growth in the second quarter of 2025 has been revised upward to 3.8%.

It’s a statistical bounce after the GDP contacted in Q1, caused by wildly fluctuating imports due to TrumpTariffs.

The first-quarter GDP drop, the first retreat of the U.S. economy in three years, was mainly caused by a surge in imports — which are subtracted from GDP — as businesses hurried to bring in foreign goods before Trump could impose sweeping taxes on them. That trend reversed as expected in the second quarter: Imports fell at a 29.3% pace, boosting April-June growth by more than 5 percentage points.

 

[MajorRewrite]

The US trade deficit in goods shrank in August. Exports and imports both declined.

The international trade deficit was $85.5 billion in August, down $17.3 billion from $102.8 billion in July. Exports of goods for August were $176.1 billion, $2.3 billion less than July exports. Imports of goods for August were $261.6 billion, $19.6 billion less than July imports.

As expected, Trump’s protectionist policies are reducing economic activity, both inflows and outflows.