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- Manlobbi
Personal Finance Topics / Macroeconomic Trends and Risks
No. of Recommendations: 6
Trump could have coasted for a few months on the “Biden economy” and claimed it for his own- as he did during his first term with the “Obama Economy”.
Instead, having learned his lesson about the “Deep State” and the dangers it posed to his economic vision, he came in with a new crew, dynamite and a wrecking ball.
From this point forward, this is his economy, lock stock and barrel.
His supporters should be overjoyed that he has the opportunity to show America what he can do.
No. of Recommendations: 2
From this point forward, this is his economy, lock stock and barrel.
If you don't know anything about economics, sure. If you do, then this isn't a true statement.
You folks are going on and on about the price of eggs....well, Biden killed loads of chickens, so there won't be any eggs for a while. Trump didn't build that.
Also...The Fed needs to keep rates higher for a time to burn Biden's inflation out of the economy which will slow things down.
No. of Recommendations: 14
Also...The Fed needs to keep rates higher for a time to burn Biden's inflation out of the economy which will slow things down.
Actually, inflation was coming down under Biden and the Fed was considering rate cuts.
Then Trump came in with his 49% mandate and started burning the place down, with you and BHM cheering on.
Sorry. You broke it, you own it.
No. of Recommendations: 2
Actually, inflation was coming down under Biden and the Fed was considering rate cuts.And then declined to lower rates last month.
https://www.forbes.com/sites/jasonschenker/2025/01...The Federal Reserve left interest rates unchanged on January 29, and an interest rate cut is unlikely when the Fed issues its next policy decision on March 19. Elevated levels of consumer inflation combined with a solid labor market imply that the Fed does not need to urgently cut interest rates. As far as this:
Sorry. You broke it, you own it.No.
No. of Recommendations: 9
Sorry. You broke it, you own it.
They were claiming the Biden economy as their own even before the inauguration- all the good things were simply the economy “anticipating” all the good things Trump was going to do…. In fact, Trump was already taking charge with the pronouncements and “orders” he was issuing.
Well, now the chain saw of DOGE and the executive orders being issued by Trump with the frequency of some banana republic dictator issuing “decrees”- have the whole country going “WTF Dude?”
So, we’ll see.
No. of Recommendations: 8
Sorry. You broke it, you own it.
Seems unlikely.
If the economy does well, Trump will claim it was his doing. If the economy does poorly, Trump will claim that shows how badly Biden had broken the economy, and it's all Biden's fault. If the economy is mixed, the parts that look good will the result of Trump's policies, and the parts doing poorly will be a holdover from Biden's mismanagement.
No. of Recommendations: 8
Note source:
(NewsNation) — Consumer confidence fell sharply in February as Americans grew more pessimistic about the future of the economy with inflation and President Donald Trump’s tariffs top of mind.
The Conference Board’s Consumer Confidence Index fell seven points to 98.3 this month, down from 105.3 in January, the largest monthly decline since August 2021.https://fox2now.com/news/national/us-consumer-conf...
No. of Recommendations: 9
That's a joke. Really. AP just reported that the Administration is saying that egg prices could increase by 40% this year. That's not an action of Biden anymore. That's new.
And, what's really funny, is that the Administration is saying it is because of further actions to curtail bird flu. So, that "excuse" wasn't OK with Biden, but now that the Felon is doing it, it's fine? I don't think so. Also, presently, they anticipate spending another $1B on it (after Biden spent $2B since 2022, when the outbreak started to worry some people). (Where's DOGE? They have to stop this wasteful spending!!)
No. of Recommendations: 6
If the economy does well, Trump will claim it was his doing. If the economy does poorly, Trump will claim that shows how badly Biden had broken the economy, and it's all Biden's fault. If the economy is mixed, the parts that look good will the result of Trump's policies, and the parts doing poorly will be a holdover from Biden's mismanagement.
Of course, and people like Dope and BHM and LM will believe Trump because they’re deep in the cult.
That leaves around 65% of Americans who will firmly place the blame on the current guy in charge. Regardless of whose fault it is. That’s how it works. And the cracks are starting to show.
No. of Recommendations: 2
Of course, and people like Dope and BHM and LM will believe Trump because they’re deep in the cult.
LOL, okay. Nothing more needs to be said - <click>.
No. of Recommendations: 4
well, Biden killed loads of chickens, so there won't be any eggs for a while.
This isn't a true statement either.
No. of Recommendations: 4
Also...The Fed needs to keep rates higher for a time to burn Biden's inflation out of the economy which will slow things down.
You must be dizzy from all that spinning.
No. of Recommendations: 4
This isn't a true statement either.Yes, it is.
https://www.latimes.com/environment/story/2025-02-...The policy has been to kill every bird in the flock if even 1 of them gets the Avian flu.
When the deadly H5N1 bird flu virus made its first appearance at a U.S. poultry farm in February 2022, roughly 29,000 turkeys at an Indiana facility were sacrificed in an attempt to avert a larger outbreak.
It didn’t work. Three years later, highly pathogenic avian influenza has spread to all 50 states. The number of commercial birds that have died or been killed exceeds 166 million and the price of eggs is at an all-time high.https://www.cdc.gov/bird-flu/situation-summary/dat...And yes, it's 166 million.
Are you aware of the concept of supply and demand?
No. of Recommendations: 8
You have to follow:
Poster: From this point forward, this is his (Trump's) economy, lock stock and barrel.
Dope: If you don't know anything about economics, sure. If you do, then this isn't a true statement.
ME: My interpretation of what you said: The economy isn't his this soon, or you can dance around and obscure what you mean even more.
Dope: you folks are going on and on about the price of eggs....well, Biden killed loads of chickens, so there won't be any eggs for a while.
Me: More chickens will be killed and it will be due to eradicating the bird flue, which, if the President strong armed so chix aren't killed would be Trump's. Neither President is killing them, it's due to the flu, so Biden didn't kill chickens, and Trump hasn't either. But Trump did promise to lower the price of eggs on the first day - so the price of eggs IS Trump's because he said so.
Normally I would give six months to a year before thinking it's Trump's economy, but he's making rash and extraordinary moves - so the economy is his from here on out. Example: Trump cuts off Venezuela's limited export of oil to USA - which is expected to increase the price of oil, which should increase the price of gas. That's just one of many - too many moves, too quickly.
No. of Recommendations: 8
Normally I would give six months to a year before thinking it's Trump's economy, but he's making rash and extraordinary moves - so the economy is his from here on out. Example: Trump cuts off Venezuela's limited export of oil to USA - which is expected to increase the price of oil, which should increase the price of gas. That's just one of many - too many moves, too quickly.
Agreed. Normally, it would be the previous administration's budget until -I think- November. But with all the firings, canceling of contracts, tariffs, and more (like the Venezuelan oil, that I honestly didn't know about), the Felon has taken ownership of the economy several months early. It isn't really the Biden economy anymore. And if Congress actually passes that bill with the tax cuts, it really will be divorced completely from what was working quite well for the prior two years.**
**Biden left a growing economy, growing job numbers, inflation that was near pre-pandemic lows, etc.
No. of Recommendations: 2
Normally I would give six months to a year before thinking it's Trump's economy, but he's making rash and extraordinary moves - so the economy is his from here on out.
Of course. This applies to you and every other left-wing partisan on the board. But as I said, nobody else - and especially no one who understands economics - is going to buy that.
No. of Recommendations: 2
BTW, I had a stop-loss on one stock in place. Actually, just a portion of one stock (not all of it). A 10% decline, and it was to trigger. Well, it triggered today after a several days of losses. Most of my quote tracker has been red recently. Big investors like stability and predictability. They don't like chaos. Us little people don't like it, also, but we don't own enough to move the market in most instances. The big guys do, and apparently they don't like what they're seeing.
No. of Recommendations: 11
Normally I would give six months to a year before thinking it's Trump's economy,
Screw it. They were claiming credit for the decent economy two months before Trump took office.
They claimed it.
Then they broke it.
It’s theirs, lock, stock, barrel, and you can throw in the kitchen sink.
Even the Republican congress doesn’t own it because they’ve been shut out of the process.
DOGE is destroying agencies that were set up by and ostensibly report to Congress and Trump has grabbed control of the purse. All that Congress does is appropriate the money by approving a budget. Trump spends the money without regard to what Congress says it should be spent on.
The economy is Trump’s- every single bit of it.
And Democrats should not approve a budget without demanding the accountability the Constitution calls for.
And if Republicans are too cowardly to stand up for the power that is inherently theirs, well…… let them drive the country over a cliff.
Of course, then Republicans will claim that Democrats didn’t stop them from driving the country off a cliff, and some here will echo that pathological claim.
And it will be the same dynamic as an abusive asshole blaming his wife for being forced to beat her up, and sending her to the hospital.
No. of Recommendations: 6
Trump has grabbed control of the purse.
When you’re President, they let you do it. Grab ‘em by the pursey.
No. of Recommendations: 13
The number of commercial birds that have died or been killed exceeds 166 million and the price of eggs is at an all-time high.
https://www.cdc.gov/bird-flu/situation-summary/dat...
And yes, it's 166 million.
Are you aware of the concept of supply and demand?Absolutely true. Every last word.
But weren’t you one of those complaining about the price of eggs four months ago?
At the very least, why didn’t you or any of your MAGA friends point out this fact that is so self-evidently true?
No. of Recommendations: 2
At the very least, why didn’t you or any of your MAGA friends point out this fact that is so self-evidently true?
Point out what? That Biden’s heavy handed tactics were helping pump up the cost of eggs? Everyone knows th- oh, right. Not you guys.
Next you guys are going to suddenly discover that excessive government spending caused inflation.
No. of Recommendations: 8
Point out what? That Biden’s heavy handed tactics were helping pump up the cost of eggs? Everyone knows th- oh, right. Not you guys.
There are simply some conversations that are just stupid inducing. This has turned into one of those.
No. of Recommendations: 2
There are simply some conversations that are just stupid inducing. This has turned into one of those.
Indeed. Good luck learning weighty concepts like supply and demand. One day you guys will get there, I know you will!
No. of Recommendations: 2
Ya see, to me, were dealing with an avian pandemic and using the Asian recipe for dealing with it, and it returns to them every decade it seems. We're going to have to spend money to experiment ti find better, more effective ways. But as long as science is respected for dealing with it, and we do our best to keep politics out of it, I don't consider it the fault of any administration. Conspiracy theories and fault blaming should be kept down to a dull roar. Maybe even team up with China? Shudder. But possibly they can do experiments we can't, etc.
If Trump green lights practical science, works with partners, and gets more money if needed, I'd give him a plus - but grudgingly if he screws with our human vaxxes and generates distrust. The problem is we have ethics and morals that the opposition disregards at whim.
So we're in the bread and circuses part of the American story it seems.
No. of Recommendations: 7
Dope:
Point out what? That Biden’s heavy handed tactics were helping pump up the cost of eggs?Dope, that is incredibly ill-informed. All culling does is speed up the inevitable. It is FAST, spreads like WILDFIRE. You wake up in the morning to find 3,000 chickens dead in your 50,000 chicken barn. There isn't any way to separate the sick from the not sick and any survivors could be chronic (long) carriers. Wild fowl can be chronic carriers too. There are vaxxes, but Juneberry says it's cheaper to replace the dead bird. So we need a cheap solution. But here's an article she wrote. She calls herself a "a lazy science-based prepper who wants to do the minimum amount of work with the maximum amount of yield."
https://dearjuneberry.com/protecting-your-flock-fr...
No. of Recommendations: 2
Dope, that is incredibly ill-infor
Yeah, yeah, yeah. As usual you jump in with snark when you don't know all the things you're commenting on.
Right now the policy is IIRC to even kill the survivors of the avian flu. Wouldn't you want to breed *those*?
Adding snark drops your signal to noise ratio.