I had been nervous, Trumps policies could cause a recession, and I think we are in the midst of one. Due to increasing umployment (federal government trimming of high paying jobs), increasing savings rate, and decreasing customer sentiment, a recession looks like a given and a depression is not off the table. What do you think?
Is Trumps policies causing a recession?
- Thread starter bunsen82
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going to say he'll **** it all up just like his businesses and 3 years away from retirement, Thanks Trump you ****tard.
Yes, more people are saving and socking away the cash for when the Fat One starts the furious recession. It’s going to be bad, most financial professionals are agreeing.
Yes, chaos is bad for business. Who would've thunk it.
I don't see anything he has done so far that would prevent one. It almost seems like it is by design..
Anyone who thought he could help the economy is an idiot and needs to never vote again.
But look what he's done with his universit... umm I mean his reality TV sh... umm I mean his busine... umm uh, I mean his real estate! I got one!
My cousin had a contract at NIH and got fired. I know some other people that got contracts cancelled and may get fired, too. 
“Are”
For Christ sake, just because we are pointlessly arguing politics, it doesn’t mean we have to sound like idiots. Let’s have some standards people.
For Christ sake, just because we are pointlessly arguing politics, it doesn’t mean we have to sound like idiots. Let’s have some standards people.
We should trust the experts, they’re never wrong.
All signs point in that direction, but if you don’t believe it, spend away and try to stop the recession yourself. Take one for the Fatty.
I’m not saying a recession is or isn’t on the way. I don’t know the impact of giving 66 billion to Ukraine over the last couple years has had…an average of 22 billion a year… it can’t be great for the economy
It's possible Trump/DOGE could cause a recession due to the spending cuts at the federal level, and via waterfall effect of individual states and even more private sector companies attempting to audit themselves too.
It could be "bad" for a quarter or two, but the reality is this type of recession is much less concerning than if the economy were actually weak. This spending could and would be added back, if perhaps in different places than it was previously spent. The result in the medium term would be more efficient spending and dollars going further to accomplish more valuable outcomes.
There are likely to be some "negative" numbers in the short term though IF the federal government and other government entities cut deep enough.
"Recession" generally refers to a decline in broad economic indicators (GDP, employment, etc.) sustained over a period of time (consecutive quarters, etc.). It's obviously way too early to say if we're in a recession. However, they way that Trump and Musk are toying with economic pillars, the risk is certainly there.
Here's how big of dupes Trump's supporters are. When he does cause them to lose their jobs and their homes, he will simply say it's temporary pain and it has to be done, and his supporters will still drink the Kool aid.
You mean like transitory inflation? This sounds like a reasonable play to you because it’s exactly how the democrats would handle it.
2/3 of our economy is consumer driven. Consumers are now preparing for hard times, thus yes we are in/headed for a deep recession.
This is all predictable, Elon said Americans were in for a few years of pain and hardship.
My question is how bad will this get. They keep pushing and then add tariffs we are looking at Glass Steagall repeat.
I for one am not totally opposed to them pushing us over the cliff. Maybe Americans will wake up, and what comes after will be better.
This is all predictable, Elon said Americans were in for a few years of pain and hardship.
My question is how bad will this get. They keep pushing and then add tariffs we are looking at Glass Steagall repeat.
I for one am not totally opposed to them pushing us over the cliff. Maybe Americans will wake up, and what comes after will be better.
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I mostly got out of the market about 3.5 weeks ago. I had been regretting it until the last few days. I’m breakeven compared to staying in. I will see how things go this week before getting back in.
The issue is Doge is a continuous faucet of negative reinforcement. I expect a continuation of last week. I’m not expecting a short cycle either.
And it doesn’t help that Doge doesn’t even know what it’s doing or how to interpret the information they’ve collected. Not to mention the mental fitness of the person in charge. What a disgrace.
Sadly sending millions or billions to countries like Iran for Sesame Street isn’t a disgrace but learning we are doing it, is?
The issue is you don’t know you are in a recession until several months later. Consumer confidence has fallen off a cliff in just 2-3 weeks. Business investment has been strong as a counterweight, but the canaries in the coal mine of consumer sentiment flipping and rising unemployment are there. If I miss a run I’m ok with it. I’m watching Bitcoin, will it break 100k and go on its expected run, or will it break below 95k and head towards 70k. I think that is what in using for my investor confidence barometer.
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Spending money on Sesame Street is a disgrace, I agree, but not knowing how to read excel sheets and basic coding is a disgrace.
Shouldn’t it be easy enough for the common person to understand? It’s our tax money being spent, we shouldn’t need Big Balls and Elon Musk to do deep dives into things to point this stuff out. What bill did we support that includes funding for LGBTQ comic books for kids in Uganda?
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Sure, but putting a supposed brilliant mind and a team of kids on the project doesn’t exactly instill confidence, especially when they can’t even interpret the data that they dug up. Zero confidence in the Ketamine-driven freak
I know you’re knowledgeable but no one has a crystal ball. Just for shits and grins, where about do you see the s$p tanking before it rebounds? Below 5500?
You're talking about digging through spending data to do nothing more than trigger your emotions, snowflake. None of this spending is even a fraction of a fraction of a fraction of the federal budget.
KF, what Elon Musk has found so far legitimately, is less than what Doge is being paid to find it. So is that efficiency or not? Firing employees in a haphazard way is not smart or efficient. If the intent is to cause a recession they are doing a damn fine job of it.
That’s fair criticism. Who would be more qualified to do the work? Why isn’t there the same outrage that the work is needed as there is who is doing the work?
So I’m a little behind on DOGE. What have they found thus far that is outrageous AND makes a material dent in the budget? I will then assess my level of outrage.
DOGE isn't there to save money. They're there to allow Musk to better grift off the government.
One argument to that is you can’t make an omelet without breaking some 10 dollar eggs. If at the end of all this, we’re paying 100 bucks to save 80, I will be 100% on board with your position.
since we are talking about millions, billions, and trillions of dollars one line item alone probably won’t make a material dent but a few million here a couple billion there… it adds up fast.
