Joe Ferguson forever

I get it tho. Slightly lower rates mean big interest savings for the gov't. However, plenty of Americans, especially retirees, like safe, moderate yielding investments. All of those go down in this scenario. trump and beset say "f u"

prompted me to look up Mike Flynn. Seems he's ditched Q in favor of "Christian Nationalism" too

where's all the Q stuff? I guess he fizzled out on that.

oh, the guy who writes TV screenplays that no one can identify has transformed into a molecular biologist!

And supposed Canadian tariffs on dairy products are partly to blame! you're an idiot. And you must not have anything invested....

"We borrow money from Chinese peasants..." that's rich from a hillbilly whose peasant family has lived off taxpayer assistance for generations.

4 R's and all D's stand up for Canada! https://www.foxnews.com/politics/senate-approves-resolution-against-trumps-canada-tariffs-hours-after-liberation-day-event

trump is playing checkers against chess masters https://finance.yahoo.com/news/us-emerges-biggest-loser-markets-104344910.html “Global asset allocators will be looking at the US in a very different way,” Neil Birrell, chief investment officer at Premier Miton Investors, said by phone. “Would international investors sell the US as a result of this and start moving money? Yes, they probably will.” Overall, the dollar headed for its worst day in over two years, as traders prepared for the economic impact. The Japanese yen gained 1.9% against the greenback, and Treasury 10-year yields hit their lowest level since October, further weighing on the greenback.

personally, I'm guessing I'm down about 10% in my portfolio (before market opening today). In a couple months. not going to punish myself looking right now. The dollar is down so a house in Portugal will be more expensive. https://www.msn.com/en-us/money/markets/dollar-tumbles-as-investors-seek-safe-havens-after-us-tariffs/ar-AA1Cdngg. Meanwhile, I anticipate US house values, especially at the upper end, will decrease as buyers get twitchy. Groceries are going to go up, especially fresh fruits and veg which we eat a great deal of. I was thinking of trading a car for a non Tesla EV. not happening among this chaos. So, all in all, not good...

😆 another Jan 6!!!

I'll take JP Morgan's analysis over trump's lies https://www.jpmorgan.com/insights/global-research/current-events/us-tariffs "Largest tax increase since 1968" In response to the auto tariff announcements, J.P. Morgan Research has further revised its growth and inflation forecasts. It now sees a 0.2 percentage point hit to U.S. GDP, which moves its estimate for the year down to 1.3%. Personal Consumption Expenditures (PCE) price inflation for 2025 is expected to climb to 2.7%, up 0.2 percentage points, while core PCE inflation is forecast to increase 0.3 percentage points to 3.1%. “The worsening growth and inflation outcomes leave the Fed with a challenging dilemma. Absent labor market deterioration, there is a strong case for rates to be on hold indefinitely. However, the more challenging business environment increases the chances of just such a labor market deterioration,” said Michael Feroli, chief U.S. economist at J.P. Morgan. “We hold our call for cuts in June and September and will revisit after next week’s jobs report.”

"own the libs". what a sad way to live. "I might not do better but at least they'll do worse". Loser.

I thought the same thing. But I've been unable to find a report that refutes the number. I did read that the tariff on dairy products was grossly misrepresented by trump. we've never met the "small milk carton" threshold that he lied about and therefore never paid the tariff. we've generally imported less than 1/2 the quota. So, I strongly suspect he's lying about these numbers as well....

so you can confirm he is a molecular biologist who owns an international business 😃?

guess what? that concern is lessening by the day. you made your bed...

It's a fair question. I think the answer is that they aren't. especially when so many enabled trump and continue to cheer his madness on.

Agreed. but in the meantime, they will do plenty of damage. and then be fooled again in a few years. trump is offering magic solutions and others will too. If it's too good to be true...

here's the thing you're missing: only 22% of Americans have over $100k saved. The rest are spending all they have. Gold is not in the cards. And gold is far from a safe investment. Individuals are not banks. They need steady returns. But to 78% of the population, all that matters is that their pay lasts til the next paycheck. Tariffs are going to make that harder and gold isn't going to help. https://247wallst.com/personal-finance/2025/01/07/how-many-americans-have-saved-at-least-100k-for-retirement-it-may-be-more-than-you-think/ give it a few months and when ends stop meeting, so will support for maga.

OMG. the budget is going to have a 3 trillion dollar deficit because of tax CUTS on the wealthy. And we are magically going to eliminate income tax and balance the budget? Stupid people like you are destroying our country and our economy. This is total fantasy and you people buy it, no questions asked.

sure you do. your welfare check isn't going to go far now. better go out and get some chinese pajamas and slippers at was mart before the prices go up.

Lutnick is reportedly taking the blame if this goes south.

WSJ is pretty conservative https://www.wsj.com/opinion/wisconsin-supreme-court-election-susan-crawford-brad-schimel-florida-house-gop-jimmy-patronis-randy-fine-38db797f

Soros donated $2 million to the Democratic Party of Wisconsin, which then gave the money to Crawford's campaign. Per Wisconsin election law, large donations must first be given to the state parties, then transferred to the candidate. In February, Crawford defended Soros's support of her campaign, telling the Journal Sentinel it is unlike Musk's support of Schimel. "The difference is that we have Elon Musk as Donald Trump's righthand man dismantling the federal government right now," Crawford said. "(Musk) has canvassers going around the state, hanging flyers from doors that say we need Brad Schimel to protect the Donald Trump agenda. You will not see anyone from George Soros to [Illinois] Gov. [JB] Pritzker making similar assertions about me." The voter ID is informative as Frank said. D's need to get behind this while simultaneously helping voted obtain the ID's. Watching this guy just walk or jump or move you gotta know he was the last person picked for soccer or basketball. He's a weird nerd.

“It’s time for them to walk away from this unelected, unpopular, unhinged and un-American billionaire puppet master,” a triumphant House Minority Leader Hakeem Jeffries said of Musk Tuesday night. Senate Minority Leader Chuck Schumer applauded Wisconsin’s voters, whom he said “sent a decisive message to Elon Musk, Donald Trump, and DOGE by rejecting an extreme Republican for their Supreme Court: our Democracy is not for sale.”

can neither confirm or deny. that was solid gold.