Recession is upon us - disastrous economic data

[Homelander]

Just now, Roundybout said:

And this is before tariffs really go into effect! 
 

If the American people have any brain cells left, his approval rating will be 20% by July 

 

Empty ports, empty shelves but the MAGA crowd’s still telling you to 'trust the plan.' Must be one hell of a plan.

[JDHillFan]

2 minutes ago, Homelander said:

 

Empty ports, empty shelves but the MAGA crowd’s still telling you to 'trust the plan.' Must be one hell of a plan.

What are the shelves empty of and where are these shelves? 

[The Frankish Reich]

13 minutes ago, JDHillFan said:

What are the shelves empty of and where are these shelves? 

There will be shortages. Shipping data confirms that.

[All_Pro_Bills]

7 minutes ago, The Frankish Reich said:

There will be shortages. Shipping data confirms that.

I'm sure we'll manage to survive.

[yall]

14 minutes ago, The Frankish Reich said:

There will be shortages. Shipping data confirms that.

Of what though?

 

***** we need, or just *****?

 

I dislike Trump, and I dislike his approach to tariffs and the economy in general, but I'm looking for silver linings, one of which is hopefully less cheap plastic throwaway garbage from China.

[Roundybout]

19 minutes ago, yall said:

Of what though?

 

***** we need, or just *****?

 

I dislike Trump, and I dislike his approach to tariffs and the economy in general, but I'm looking for silver linings, one of which is hopefully less cheap plastic throwaway garbage from China.

Okay, commie. 

27 minutes ago, All_Pro_Bills said:

I'm sure we'll manage to survive.

Please run on this in the midterms. Americans love being told they have to live with shortages and empty shelves. 

[yall]

13 minutes ago, Roundybout said:

Okay, commie. 

Please run on this in the midterms. Americans love being told they have to live with shortages and empty shelves. 

Again, empty shelves of what?

 

I assume there will be some shortages of fish, apple juice, but probably mostly processed crap that isn't healthy anyways.

[Roundybout]

1 minute ago, yall said:

Again, empty shelves of what?

 

I assume there will be some shortages of fish, apple juice, but probably mostly processed crap that isn't healthy

 

 

Electronics are going to be wrecked. 

[LDD]

45 minutes ago, All_Pro_Bills said:

I'm sure we'll manage to survive.

 

This is the problem.  We will certainly survive.  However, Americans were never "asked" to sacrifice.  This is where Donald will run into problems.  He presented the prize with no sacrifice, which is his way.  Now, the sacrifice is being rammed down everyone's throats with zero, zilch, NO guarantees that it will work.  I love the idea of moving manufacturing back and having America produce things for America and Americans.  I try to live my life that way.  Most of America does not.  What America really didn't expect to have to deal with was their 401k's taking a bath.  Wait till they can't get their plastic crap at Wally World.  Tough times in the name of Donald.  Big brother knows best, so kneel down and take your medicine.  That's a hilarious perspective in America.  

 

Anyhoooo...I could give a F because I don't buy tons of ***** and I live out in the woods.  I don't have tons of retirement money wrapped up in the markets...whatever

[US Egg]

My kids are talking about how their jobs are starting to be affected. 

[LDD]

3 minutes ago, US Egg said:

My kids are talking about how their jobs are starting to be affected. 

 

oh it's coming...I live next to a national forest that has a federal prison...I know multiple people that have lost their jobs

[The Frankish Reich]

39 minutes ago, Roundybout said:

Okay, commie. 

Please run on this in the midterms. Americans love being told they have to live with shortages and empty shelves. 

Worked for Jimmy Carter!

Of course, the lag time was about 50 years ... by the time of his death, you heard lots of people talking about how he started a lot of the deregulatory/de-inflationary things Reagan doubled down on. Trump's approval ratings is bound to improve by 2075.

[Roundybout]

7 minutes ago, LDD said:

 

oh it's coming...I live next to a national forest that has a federal prison...I know multiple people that have lost their jobs

I had my annual NOAA SKYWARN spotter training last night. The NWS trainer said there wouldn’t be one in the fall due to all the budget cuts. 

[The Frankish Reich]

Trump will want to back down on the tariff thing soon, but he's too stubborn to just delete the so-called "reciprocal tariffs." But he too will be overruled by forces beyond his control.

 

The problem is even the threatened tariffs have already had a big impact on reordering world trade. Things are now baked into the cake. We see this in the shipping numbers, etc. I doubt we'll see COVID-style shortages, but we will see certain shortages of things people want and like, including crappy Chinese toys for Christmas and all kinds of other consumer items. 

[yall]

42 minutes ago, Roundybout said:

 

 

Electronics are going to be wrecked. 

More expensive, yes. Shortages? Unlikely.

[US Egg]

9 minutes ago, LDD said:

oh it's coming...I live next to a national forest that has a federal prison...I know multiple people that have lost their jobs

Have 2 sons with Masters degree, another a Lawyer, one a construction teamster and daughter in law a pharmacist administrator.

 

Only the lawyer isn’t citing job issues with the current work environment, though no surprise there. 😏

[TH3]

1 hour ago, All_Pro_Bills said:

I'm sure we'll manage to survive.

That’s the goal for the next 4 years.    Ambitious 

[All_Pro_Bills]

40 minutes ago, LDD said:

 

This is the problem.  We will certainly survive.  However, Americans were never "asked" to sacrifice.  This is where Donald will run into problems.  He presented the prize with no sacrifice, which is his way.  Now, the sacrifice is being rammed down everyone's throats with zero, zilch, NO guarantees that it will work.  I love the idea of moving manufacturing back and having America produce things for America and Americans.  I try to live my life that way.  Most of America does not.  What America really didn't expect to have to deal with was their 401k's taking a bath.  Wait till they can't get their plastic crap at Wally World.  Tough times in the name of Donald.  Big brother knows best, so kneel down and take your medicine.  That's a hilarious perspective in America.  

 

Anyhoooo...I could give a F because I don't buy tons of ***** and I live out in the woods.  I don't have tons of retirement money wrapped up in the markets...whatever

Most Americans when asked to commit to a sacrifice amounting to the slightest of an inconvenience would say "no thanks".  

 

And as of yet, there is no recession despite what many alarmists are claiming. A recession is two consecutive quarters of negative GDP. The PCE number out today shows inflation coming down so stagflation is also off the table for now.

 

 

 

 

Edited Wednesday at 03:11 PM by All_Pro_Bills

[The Frankish Reich]

3 minutes ago, All_Pro_Bills said:

Most Americans when asked to commit to a sacrifice amounting to the slightest of an inconvenience would say "no thanks".  

 

And as of yet, there is no recession despite what many alarmists are claiming. A recession is two consecutive quarters of negative GDP. The PCE number out today shows inflation coming down so stagflation is also off the table for now.

 

 

 

 

It looks likely that the next quarter will be negative too. 

So we're now to the point of whether it will be a minor dip/technical recession or whether the momentum will multiply.

[TH3]

2 minutes ago, All_Pro_Bills said:

Most Americans when asked to commit to a sacrifice amounting to the slightest of an inconvenience would say "no thanks".  

 

 

 

 

Americans are not being asked to sacrifice for a better outcome down the line. We are being asked to participate in dt stupid ill conceived tariff scheme and the gop vengeance for tax cuts for the rich