Recession is upon us - disastrous economic data

[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 12 hours ago 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

[Roundybout]

10 minutes ago, yall said:

More expensive, yes. Shortages? Unlikely.

Where are most electronics made?

[yall]

1 minute ago, Roundybout said:

Where are most electronics made?

Do you think they will stop selling them to US consumers? The tariffs are going to be passed along to people at the register at Best buy, not to the Chinese. They aren't just going to stop manufacturing Lenovo laptops.

[TH3]

6 minutes ago, yall said:

Do you think they will stop selling them to US consumers? The tariffs are going to be passed along to people at the register at Best buy, not to the Chinese. They aren't just going to stop manufacturing Lenovo laptops.

Do you have any concept of the scale of the China tariffs? China commerce has ceased 

[yall]

16 minutes ago, TH3 said:

Do you have any concept of the scale of the China tariffs? China commerce has ceased 

No it hasn't.

 

Do you really think they're just going to stop manufacturing and selling equipment? 

 

Go ahead and I'll try and order 10 laptops today. I promise you they'll be more expensive than they were 2 months ago, but you can still get them along with pretty much anything else.

[Andy1]

2 hours 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".  

Agree based upon covid times. Wearing a mask is a slight inconvenience and remember the defiant opposition by many to that. Sacrificing thousands of dollars each year for the Trump tax is an exponentially higher level of sacrifice that is being mandated. 

[Doc Brown]

2 hours ago, TH3 said:

Do you have any concept of the scale of the China tariffs? China commerce has ceased 

It's never a good sign when an administration says to Amazon that showing the prices of the goods with tariffs to your consumers is a "hostile and political act" against our country.  Basically admitting that every reputable economist is right when it comes to tariffs. 

[TH3]

2 hours ago, yall said:

No it hasn't.

 

Do you really think they're just going to stop manufacturing and selling equipment? 

 

Go ahead and I'll try and order 10 laptops today. I promise you they'll be more expensive than they were 2 months ago, but you can still get them along with pretty much anything else.

They were exempted

 

[yall]

10 minutes ago, TH3 said:

They were exempted

 

I'm not too worried about product availability.

 

Pricing? Yes, concerned. 

[Doc Brown]

3 hours 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”

Which is exactly why a tariff war with China will never work.

[leh-nerd skin-erd]

1 hour ago, Andy1 said:

Agree based upon covid times. Wearing a mask is a slight inconvenience and remember the defiant opposition by many to that. Sacrificing thousands of dollars each year for the Trump tax is an exponentially higher level of sacrifice that is being mandated. 

How many thousands are you thinking?  2,000?  3,000?  12,000? 
 

And are you concerned generally about mandated expenses, or just the Trump tariff version?  Because…I’m thinking a reduction on govt mandated tax would go along way to softening the blow.  Income, sales, excise, etc…

[Roundybout]

59 minutes ago, leh-nerd skin-erd said:

How many thousands are you thinking?  2,000?  3,000?  12,000? 
 

And are you concerned generally about mandated expenses, or just the Trump tariff version?  Because…I’m thinking a reduction on govt mandated tax would go along way to softening the blow.  Income, sales, excise, etc…

Then we would not be able to afford anything and the country would collapse. 

[Big Blitz]

All going to plan baby. 
 

 

[Homelander]

 

[TH3]

1 hour ago, Big Blitz said:

All going to plan baby. 
 

 

You have zero connection to the real world huh?

[Doc Brown]

1 hour ago, Big Blitz said:

All going to plan baby. 
 

 

What's the plan?  Throwing money into a fire?

[Doc Brown]

4 hours ago, Andy1 said:

Agree based upon covid times. Wearing a mask is a slight inconvenience and remember the defiant opposition by many to that. Sacrificing thousands of dollars each year for the Trump tax is an exponentially higher level of sacrifice that is being mandated. 

It wasn't about wearing a mask being a slight inconvenience but just a fear that what makes America great is our individual freedom.  I didn't agree with them but I understood where they were coming from.  It's why I despise this tariff policy.  Why the hell should we give one guy the power to make us pay more for products because he happens to like tariffs and therefore hurts private companies and can kill small businesses.  It's antithetical to everything this country is supposed to stand for.

[leh-nerd skin-erd]

1 hour ago, Roundybout said:

Then we would not be able to afford anything and the country would collapse. 

Or, a bit of discipline at the state/federal govt level might reduce the burden on the tax payer.