Trump imposes 25% tariffs on all products Americans buy from Canada, Mexico and EU. 10% on China || Can & Mex respond: 25% | China responds: 15%

[-DMP-]

Mexico probably folds first they're totally dependent on US companies and consumers.

Trump Wants a Trade Deal, Not a Trade War. He May Get One.​

Opinion | Trump Wants a Trade Deal, Not a Trade War. He May Get One.

The president prides himself on doing what others deem impossible or inadvisable.

www.nytimes.com

But he did the last trade deal tho

If you just gon reneg on deals what’s the point of it

 

[Wargames]

The price of the Guac just went up

Next time Jill and Liz try to brunch over avocado toast

 

[RennisDeynolds]

Tim Cook! What did that inauguration money buy you?

More money. He'll just charge more for iphones and people will pay that super premium

 

[Wargames]

More money. He'll just charge more for iphones and people will pay that super premium

bro people are going to start not buying shyt and if the inflation has not stopped we’re going into stagflation. That shyt has been the elephant on the room since that whole bullshyt with inflation started and why Biden was doing everything he could to keep employment high.

 

[RennisDeynolds]

bro people are going to start not buying shyt and if the inflation has stopped we’re going into stagflation. That shyt has been the elephant on the room since that whole bullshyt with inflation started and why Biden was doing everything he could to keep employment high.

People will go without groceries and essentials but they will spend on tech and entertainment. Escapism is high during recessions

 

[Json]

People will go without groceries and essentials but they will spend on tech and entertainment. Escapism is high during recessions

This won’t be a recession of just loss.

The price of good and services are going up. Even if you want to spend your purchasing power is less.

Upgrading iPhones just because vs keeping your old phone an extra year.

 

[Scaaar]

People will go without groceries and essentials but they will spend on tech and entertainment. Escapism is high during recessions

That's what I've been saying for years and told I was an elitist. Folks complaining about the prices of things but still consuming. Buying 60-70-80k cars with a 8% interest rate but also complaining about the price of eggs. The two don't correlate. We're in the late stages of capitalism where consumerism has reached a critical mass. People's self centered nature has them constantly buying to escape the realities of life. If most of the actually sat down and had some discipline the economy could cool down a bit and their finances would be aligned a bit better. But no they have to keep buying "things" to show other people that they're living a life that they can't truly afford and don't even realize that other people are also buying "things" to keep up with the jones too...smh

 

[Miggs]

I hope Trudeau goes after energy exports....Trump is a wimp yal see how he ony taxed oil 10% because he knows he needs it...

 

[Wargames]

People will go without groceries and essentials but they will spend on tech and entertainment. Escapism is high during recessions

I could see the secondary market getting hot, but no I think it’s the opposite people will go without tech and instead focus on food and bills. I had a few friends share social messages of “save your money“ and slow down spending. If anything a few slow quarters might see a fall In stock that will further convince people to not spend.

Also don’t get me started on how this is part of the Thiel and Billionaire Oligarch plan to crash the market and then buy everything (and I mean everything) for cheap.

Just remember the word Stagflation

This won’t be a recession of just loss.

The price of good and services are going up. Even if you want to spend your purchasing power is less.

Upgrading iPhones just because vs keeping your old phone an extra year.

Exactly, these concepts are out there and were already seeing the early warning signs.

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

An “affordability shift” is taking root in the U.S. auto industry. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price of more than $47,000 — a jump of more than 20% from the pre-pandemic average.

apnews.com

I think some of the appeal was to save money and some of the appeal was smart people getting their cars now because they could see where the market was going.

 

[Wargames]

That's what I've been saying for years and told I was an elitist. Folks complaining about the prices of things but still consuming. Buying 60-70-80k cars with a 8% interest rate but also complaining about the price of eggs. The two don't correlate. We're in the late stages of capitalism where consumerism has reached a critical mass. People's self centered nature has them constantly buying to escape the realities of life. If most of the actually sat down and had some discipline the economy could cool down a bit and their finances would be aligned a bit better. But no they have to keep buying "things" to show other people that they're living a life that they can't truly afford and don't even realize that other people are also buying "things" to keep up with the jones too...smh

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

An “affordability shift” is taking root in the U.S. auto industry. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price of more than $47,000 — a jump of more than 20% from the pre-pandemic average.

apnews.com

Posted this earlier but things are changing. This is basic economic theory. The unseen hand of the market. If people ain’t got the disposable income the vast majority ain’t gonna starve and will spend within their means.

Also I predict the reuse, and repair market will go up. There is a lot of older functional tech out there that can be repaired or repurposed. A I9 MacBook Pro can still do a lot of a what a M4 MacBook Pro can do.

 

[JT-Money]

But he did the last trade deal tho

If you just gon reneg on deals what’s the point of it

These countries knew this was a possibility. Yet continue to remain dependent on the US Market. If you want to do business with the US Consumer you gotta pay the price.

 

[Bar Razor]

I could see the secondary market getting hot, but no I think it’s the opposite people will go without tech and instead focus on food and bills. I had a few friends share social messages of “save your money“ and slow down spending. If anything a few slow quarters might see a fall In stock that will further convince people to not spend.

Also don’t get me started on how this is part of the Thiel and Billionaire Oligarch plan to crash the market and then buy everything (and I mean everything) for cheap.

Just remember the word Stagflation


Exactly, these concepts are out there and were already seeing the early warning signs.

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

An “affordability shift” is taking root in the U.S. auto industry. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price of more than $47,000 — a jump of more than 20% from the pre-pandemic average.

apnews.com

I think some of the appeal was to save money and some of the appeal was smart people getting their cars now because they could see where the market was going.

You understand. But intangibles motherfukkers. Intaaangibles!

 

[Tribal Outkast]

bro people are going to start not buying shyt and if the inflation has stopped we’re going into stagflation. That shyt has been the elephant on the room since that whole bullshyt with inflation started and why Biden was doing everything he could to keep employment high.

Already seeing this in stores. Man food Lion had to mark off a whole shelf of bread for quick sale. You can’t keep doing that and thinking it will be a good idea. You’re in the business of selling food… people would rather have fresh food.

 

[Wargames]

Already seeing this in stores. Man food Lion had to mark off a whole shelf of bread for quick sale. You can’t keep doing that and thinking it will be a good idea. You’re in the business of selling food… people would rather have fresh food.

I been beating the drum on this since Trump got elected. Biden and the US FED was walking a tight rope for years dealing with global inflation and Trump doesnt care because the people supporting him want him to crash the market.

Trump and his supporters are all mediocre, magical thinking rich people who assume they are better fit to lead than the people who have spent their whole lives preparing to lead or already actively doing the leading.

The moves we see are designed to crash America’s economy and federal government so these oligarchs and racists can basically run large swathes of the US unopposed by federal regulation.

The problem is to do that they got to make 300+ million other people suffer, and it relies on everybody in the country being p*ssy and accepting their failure based on propaganda.

Stagflation is coming, alongside a sabotaged federal government and Trump, the Oligarchs, and the Heritage Foundation are purposefully leading us to that. People are going to find themselves living like it was Covid all over again and there won’t be a pandemic to blame for the degradation of your lifestyle.

 

[Scaaar]

I been beating the drum on this since Trump got elected. Biden and the US FED was walking a tight rope for years dealing with global inflation and Trump doesnt care because the people supporting him want him to crash the market.

Trump and his supporters are all mediocre, magical thinking rich people who assume they are better fit to lead than the people who have spent their whole lives preparing to lead or already actively doing the leading.

The moves we see are designed to crash America’s economy and federal government so these oligarchs and racists can basically run large swathes of the US unopposed by federal regulation.

The problem is to do that they got to make 300+ million other people suffer, and it relies on everybody in the country being p*ssy and accepting their failure based on propaganda.

Stagflation is coming, alongside a sabotaged federal government and Trump, the Oligarchs, and the Heritage Foundation are purposefully leading us to that. People are going to find themselves living like it was Covid all over again and there won’t be a pandemic to blame for the degradation of your lifestyle.

There definitely won't be any stimulus checks this time. COVID should have opened a lot of folks eyes that these companies are all propped up by debt and didn't have the funds to last a month without folding.