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#trump

3.8K posts1.6K participants467 posts today
Continued thread
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Nonilex

"We've taken a step back & we're watching to see what the policies turn out to be & the ways in which they will affect the #economy. Then we'll be able to act. Fortunately, our policy stance is in a good place for us to do that." thanks to #Biden / #Bidenomics]

#TheFed, he added is in the same place as everyone else, awaiting clarity on policies.
[again, cuz shit is crazy]

#ETTTTS#Trump#tariffs
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Nonilex

#JeromePowell signaled that #TheFed would not be making any hasty decisions on #InterestRates.

"It's a good time to take a step back & let things clarify. That's why it's just too soon to say what the appropriate monetary policy response will be to these new policies. It is just too soon to say. We can't say with any confidence today." [cuz shit is crazy]

#ETTTTS#Trump#economy
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Kim Perales

Instead of calling out Trump's egregious EOs & policies, high ranking, craven Republicans, hide, deflect, resign... to avoid being belittled by the beast.

On Treasury Secretary Bessent: "Some have said to me, he's looking for an exit door to try to get himself to the Fed, because in the last few days he's really hurting his own credibility and history in the markets."
-S Ruhle

#Tariffs #Trumpcession #Stagflation #Trump #Republicans #USPol rawstory.com/bessent-trump-tar

Raw Story · Trump's Treasury secretary 'looking for an exit door' after two months on the job: MSNBCBy Tom Boggioni
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Nonilex

#JeromePowell says #TheFed does not forecast #recession probability.

"We don't actually, we don't make a probability forecast of how likely it is for there to be a recession, but many outside forecasters do, & many of them have raised the likelihood, …there's not much more I can say about that."

Powell stressed that he did not want to be part of a political discussion about #policy.

The Fed is not responsible for #trade, #immigration, fiscal or other policies.

#ETTTTS#tariffs#Trump
Public
CopterDoctor

In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos.

Those two properties declared bankruptcy in 1992.

A 4th property, the Plaza Hotel in New York, declared bankruptcy in 1992.

Trump Hotels & Casinos Resorts filed for bankruptcy again in 2004.

Trump Entertainment Resorts also declared bankruptcy in 2009.

#Trump has been a shitty businessman for 34 years!

Hey #MAGA,
Trump PLAYED a businessman on tv, NOT in REAL LIFE!

Public
William Lindsey :toad:

"As Trump was about to unleash his tariffs, the universally reviled Laura Loomer commandeered the Oval Office for a 30-minute meeting during which she successfully demanded the firing of six national security officials. ...

Trump's association with the toxic, unhinged Loomer at the precise moment Trump was releasing toxic, unhinged tariffs is raising alarm bells and eyebrows."

~ Robert B. Hubbell

#Trump #LauraLoomer #NationalSecurity
/1

roberthubbell.substack.com/p/c

Today's Edition Newsletter · Courage and fear are contagious; let's choose courage.By Robert B. Hubbell
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William Lindsey :toad:

"The sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say."

~ Dharna Noor

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction #BigOil #OilandGas #oligarchy #billionaires
/20

theguardian.com/us-news/2025/a

The Guardian · ‘Oligarchy’: Trump exempts big oil donors from tariffs packageBy Dharna Noor
Public
Wen

Two interesting articles from the Financial Times reflecting on the why’s, The what’s and the potential consequences of Trump’s actions

I think this quote is a useful summation

‘Economies abhor uncertainty. Trump feeds off it. ‘

The American public may well come to abhor it as well.

archive.today/2025.04.04-12121

archive.today/2025.04.04-04175

A screenshot of one of these articles, Photo show Trump holding up one of his decrees, Text reads ‘If it endures, Donald Trump’s decision on April 2 2025 to enact sweeping “reciprocal” tariffs on US trade partners will go down as one of the greatest acts of self-harm in American economic history. They will wreak untold damage on households, businesses and financial markets across the world, upending a global economic order that America benefited from and helped to create. The president spoke brazenly from the Rose Garden at the White House on Wednesday, delivering a protectionist agenda well beyond most analysts’ worst-case scenarios. Within a week, the US will be enclosed by a minimum 10 per cent tariff wall on all imports, reinforced by hefty individualised duties on nations with sizeable US trade deficits. These build on levies already announced by the administration, including on China, Mexico, Canada and the auto industry. The combined effect will lift America’s effective tariff rate to its highest in over a century. Trump’s justification hinges on a naive belief that treats trade imbalances as if they were the profit and loss account of a business, and not the culmination of highly specialised supply chains. He also considers factory work to be the fount of economic development, ignoring how decades of free trade has enabled America to rise up the industrial value chain and become a global leader in services and innovation.
#Trump#Economics#Chaos
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