For those struggling to understand, figure out or ask whether there is any sense to the lastest round of Trump idiocy. take a look at this.
Gary is an ordinary geezer who did well in the market and made himself rich.
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Yes, my Google search reveals the US economy contracted 0.3% in the first quarter of 2025, which is considered the first time since 2022. This decline is attributed, in part, to stockpiling by businesses anticipating tariffs, which also contributed to a sharp fall in the stock market.
Elaboration:
The Commerce Department reported a 0.3% contraction in the US economy during the first quarter of 2025. This is the first time since 2022 that the economy has experienced a contraction.
The stock market also experienced significant drops during this period, with the S&P 500 losing nearly 8%. This was partly due to tariff threats announced by the administration.
- Tariff-Related Stockpiling:
Economists believe that businesses stockpiled imports ahead of the tariffs, which likely contributed to the GDP contraction in the first quarter.
While the economy contracted, some indicators showed modest improvements. For example, mortgage rates declined slightly, and the labor market remained relatively stable, with the unemployment rate being at 4.2%.
Overall, the first 100 days of the Trump administration were marked by uncertainty, particularly regarding trade policy. This uncertainty may have also contributed to the economic contraction.
President Trump has made it clear he wants to smash the existing global economic order. In his first 100 days in office, he’s made significant progress in accomplishing that goal.
He has provoked the trade war scrapped treaties, and suggested that Washington might renege on its commitments to NATO. The resulting erosion of trust in the United States will be difficult to reverse. Even after Trump is gone, and he is hinted at wanting a third term, The US could elect another MAGA president.
As a result, allies are working to strike new trade partnerships, and build security alliances that exclude the United States. The European Union and South American countries recently created a new large trade zone. Canada‘s negotiating to join your military buildup to reduce its reliance on the United States and Britain in the European Union are working to finalize the defense pact.
Trump‘s abandonment of support for international institutions, strengthens the influence of China, the principal target of his efforts to use economic pressure. Trump has gutted the US agency for international development which delivered food and healthcare to the world’s poorest countries. This creates a vacuum that allows China to consolidate it’s economic ties to poor countries with abundant natural resources.
Trump is also slashing support for the federal government’s research and data collection capabilities and undermining America’s scientific excellence and competitive edge. This will undoubtedly create a brain drain as American and foreign researchers turn elsewhere for grants, jobs and academic freedom.
As a result of Trumps actions, we can expect to see the beginning of a global recession in the next 100 days.
Actually sockpling would not show negatively against the growth.
IN fact quite the opposite. If people were stockpiling that would show a temporary increase in growth, and would mean that the fall in growth is much worse than is thought to be.
The shit will really hit the fan in the next couple of week as the supply chains that have now been reduced and cuts will negatively impact throughout the economy.
Things may be worse than we yest know.
With US beef, soy, planes and other goods being sought by China from elsewhere, and with US companies no longer ordering in, until the tariff madness is reversed the economy is going to move very slowly.
SUpply chains are of the order of 8 -10 weeks turnaround. US ports are already begining to have ships return empty.
The man does not know the difference between a tattoo and a lable placed on an image by photoshop. And how he embarassed himself in that interview is unforgivable.
His handlers are making great use of insider knowledge to manages Trumps shares portfolio, and Trump is quite happy taking giving favours to those buying his personal crypto, but aside from that I’m not sure he really know what he wants.
One day he wants to sack the Federal Reserve chief, next day he denies even having said that.
Today someone posted a long lens shot of Trump on the Golf course having shat his own pants. That pretty much sums him up.
Yeah, the problem is Trump is unpredictable. I expect that as the economy worsens he’ll back down on most of the tariffs. But he’ll also want to save face. So he will claim that this was his plan all along. And he’ll do plenty to divert attention and blame others. The problem is that the damage to American credibility is already done globally and to the federal bureaucracy domestically. It will be interesting to watch that play out over the next 100 days. According to the authoritarian playbook, this is when you start a war to deflect attention from the damage you’ve done.
From the persective of the rest of the world, time is short to restore the myth of the US as the prime superpower.
WIthout root an branch reforms to limit the power of the POTUS, the rest of the world is never again going to see the US as a safe bet for resever currency or as world policeman.
China has pretty much replaced the US in Africa already.
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I saw that. Trump definitely doesn’t have the smarts of a guy who is playing four dimensional chess on the world stage like his cult followers think. Not even one dimensional. The job of his advisors is to make sense out of his nonsense.
Yeah. Not chess.I think all he can manage is Dunning Kruger SNAP, and he is running out of cards.
Any person with high political office ought not be be using the term “kiss my ass” on a public stage.
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