Ontario PM slapping 25% surcharge cost to US electricity buyers on top of 25% tariffs; Wow trump started this rumble

[Whiskeydeltadeltatango]

No. Although the economy is now forecasted to contract while inflation is expected to increase.

So...... there is a lag time....

 

[torbee]

Until very very recently, you are/were correct. Trudeau has already announced he's not running again.

i wonder what happened in January of 2025 to suddently make Canadians embrace liberal policy.

Hmmmm.

Toughie, that one.

 

[praguehawk]

So...... there is a lag time....

The market is feeling it already. There's also immediate changes in the economy. As an example capex has been stalled due to the uncertainty. There's also holds on hiring.

 

[Whiskeydeltadeltatango]

The market is feeling it already. There's also immediate changes in the economy. As an example capex has been stalled due to the uncertainty. There's also holds on hiring.

What the market is feeling, is withdrawal from its addiction to government spending.

This too shall pass.

 

[jneffer]

What the market is feeling, is withdrawal from its addiction to government spending.

This too shall pass.

which specific cuts in government spending are you referring to?

because i don't think the markets are reacting to cutting foreign aid or research for pediatric cancer

i'm not saying the markets won't eventually react to those government spending cuts...i'm saying the significant ones haven't even happened yet. and if the markets are already reacting like this to the "nibbling around the edges" cuts, the real cuts are going to really change the market

 

[LunchBox50]

Live look at the Very Stable Genius and how he's handling things:

 

[tumorboy]

Lol at the thought of America outlasting countries in these trade wars. Trump has tried doing damage control by delaying tariffs and that was before the shit hit the fan.

He will say Uncle again it's just a matter of how long he is willing to let the country suffer before he taps out.

Everything is interconnected now. This tariff strategy might have worked in the 80’s. When America was more dominant. But we’re not nearly as dominant anymore.

 

[Whiskeydeltadeltatango]

which specific cuts in government spending are you referring to?

because i don't think the markets are reacting to cutting foreign aid or research for pediatric cancer

i'm not saying the markets won't eventually react to those government spending cuts...i'm saying the significant ones haven't even happened yet. and if the markets are already reacting like this to the "nibbling around the edges" cuts, the real cuts are going to really change the market

you actually think those dollars made it to the ground and disnt get skimmed by every political branch on the way down.... bless your heart.

 

[jneffer]

you actually think those dollars made it to the ground and disnt get skimmed by every political branch on the way down.... bless your heart.

fine...that would only mean cutting that govt spending should have LESS of an impact on the current state of the market

so again...what specific cuts in government spending have resulted in these market conditions?

i realize you're just playing some weird game of "talking point roulette", but eventually these points are supposed to align and actually make sense

 

[tumorboy]

I'm 39 years old and have lived my entire life with the understanding politicians are crooks. Now thst we have someone looking into it Democrats want to act like politicians are what priest should be.



They have no principals.

They’re difference between a crook and a mafia Don. The crook can be dealt with the Mafia Don digs its way in and destroys everything.

 

[Whiskeydeltadeltatango]

Everything is interconnected now. This tariff strategy might have worked in the 80’s. When America was more dominant. But we’re not nearly as dominant anymore.

Whose fault is that?

They’re difference between a crook and a mafia Don. The crook can be dealt with the Mafia Don digs its way in and destroys everything.

And who is it you think has dug in? The politicians that have been there for 40 years or the nerd kid that's contract last 2 years?

 

[hawkeyetraveler]

Live look at the Very Stable Genius and how he's handling things:

Well this should stabilize the market…right?

This all started over some stupid belief that Canada is responsible for a bunch of hillbillies in West Virginia getting addicted to opioids. As if those folks don’t have agency over their bodies. As if it is even possible to stop the flow of pills which weigh basically nothing and are easy to smuggle. I guess the silver lining is when those WV folks lose their government jobs they won’t be able to afford their addiction and will be forced into sobriety.

 

[WDSMHAWK]

Everything is interconnected now. This tariff strategy might have worked in the 80’s. When America was more dominant. But we’re not nearly as dominant anymore.

Covid showed that a large portion of the country is very self-centered. Trump/Biden couldn't get people to make small sacrifices like social distancing or wearing masks (the horror).

I seriously doubt Trump is going to get them to deal with paying higher prices just so he can win his pissing match with Canada/Mexico/China.

 

[tumorboy]

Whose fault is that?

And who is it you think has dug in? The politicians that have been there for 40 years or the nerd kid that's contract last 2 years?

Trump has dug in. Politicians can be changed and charged with crimes. Trump is currently operating a MEME coin that is flat out bribery. He’s been using the Presidency as a way to amass large sums of wealth. Those other crooks are small potatoes in comparison.

 

[tumorboy]

Covid showed that a large portion of the country is very self-centered. Trump/Biden couldn't get people to make small sacrifices like social distancing or wearing masks (the horror).

I seriously doubt Trump is going to get them to deal with paying higher prices just so he can win his pissing match with Canada/Mexico/China.

Bottom line if he wants to negotiate a new trading deal with the world. It will be from a lesser position than when we started in the 90’s. But that’s something the next President will deal with.

 

[KFsdisciple]

You are making no sense and just spewing bull shit at this point. As an FYI the dems forced Biden out. he dems did some really stupid things that I disagreed with, but nothing even close to what is happening under Trump. I didn't want Kamala as VP. I didn't want Biden to run a second term. I was in favor of other candidates over Kamala until the window got too short. I absolutely would still have taken Kamala over this shit show.

The economy was actually on a solid track after what could have been a disaster. The US economy had lowered inflation (best in developed countries), was growing and had low unemployment. Our debt was an issue that needs attention. I've supported the idea of DOGE, but the way they are carrying it out is just flat out wrong. The leadership of Trump in both style and substance has been erratic which is trouncing markets. The market was due for a pull back after multiple years of growth, but not to the levels we are seeing.

Trump is driving us toward stagflation and a potential recession. He's going the wrong direction environmentally. He's using up the goodwill and equity we have with allies for not much in return. Trump is the republican party right now. All of that is their fault. Take a look at every single economic metric over Biden's 4 years and figure out if things were improving. Yes there was going to be a pullback at some point, but what we are seeing now isn't that. It's a complete reversal that is being driven by shitty leadership that could potentially spiral into really bad outcomes that will take a decade or more to recover from.

President Joe Biden isn’t running for reelection, but his record will still be on the ballot in the fall. Here we look at how the U.S. has performed under the Democratic president:

• The economy added 15.7 million jobs. The number is now 6.3 million higher than before the pandemic.
• The unemployment rate dropped back and has stayed lower, longer than at any time during the previous administration.
• Inflation surged to its highest level in over 40 years. Despite recent moderation, consumer prices are up more than 19% overall. Gasoline is up 46%.
• Average weekly earnings haven’t kept pace with prices. After adjusting for inflation, “real” weekly earnings dropped 2.3%.
• The U.S. economy has continued to expand under Biden, growing at 2.8% in the second quarter estimate released July 25 — double the rate of growth in the first quarter.
• Violent crime has gone down. Figures from large cities show a 9.1% drop in murders from 2020 to 2023, and data from more than 200 cities show a continuing decline so far this year.
• Fewer people lack health insurance. The uninsured went down by 2.1 percentage points or 6.6 million people.
• Crude oil production increased. The daily average for the most recent 12 months is 15.3% higher than the average in 2020, and it’s higher than the pre-pandemic average.
• Apprehensions of those trying to cross the southern border illegally are up 273% for the 12 months ending in June, even as the monthly figure for June dropped significantly.
• The average number of refugees admitted per month is 117% higher than the average under his predecessor.
• Corporate profits are up 36%.
• The international trade deficit for goods and services went up 22.3%.
• The number of people receiving food stamps has decreased by more than half a million.
• The debt held by the public has grown by 28.5%

The economy wasn't that bad, and Joe's economy did a really good job post pandemic compared to what was happening in other countries. The messaging on it was awful, and the American people didn't want to hear how great it was when they knew that wasn't true. Had the messaging been, "here's what we've done, but it's not enough, and I know Americans are feeling it every time they buy gas or groceries and boys need to stay out of girls sports and spaces... we might have a different president right now.

 

[Kelsers]

Not so funny is it?

Why?

 

[Whiskeydeltadeltatango]

fine...that would only mean cutting that govt spending should have LESS of an impact on the current state of the market

so again...what specific cuts in government spending have resulted in these market conditions?

i realize you're just playing some weird game of "talking point roulette", but eventually these points are supposed to align and actually make sense

When you take the cash flow away from millionaires and billionaires they tend to protect the money they have, thus, they are pulling out.

 

[KFsdisciple]

Why?

That looks like same results as if they were asked if boys should play in girls' sports or use their facilities...

 

[jneffer]

When you take the cash flow away from millionaires and billionaires they tend to protect the money they have, thus, they are pulling out.

and you think the number of millionaires and billionaires pulling money out because of the reduction in their foreign aid grift is what is causing these market conditions

come on...you can't actually think that.

i get it...this is the position you've decided to take. but it is incredibly stupid

 

[Whiskeydeltadeltatango]

and you think the number of millionaires and billionaires pulling money out because of the reduction in their foreign aid grift is what is causing these market conditions

come on...you can't actually think that.

i get it...this is the position you've decided to take. but it is incredibly stupid

You are watching a bunch of funny money come out. You, nor I, nor the collective of HBot can move a market like the influence of 1 billionaire.

 

[Sullivan]

President Joe Biden isn’t running for reelection, but his record will still be on the ballot in the fall. Here we look at how the U.S. has performed under the Democratic president:

• The economy added 15.7 million jobs. The number is now 6.3 million higher than before the pandemic.

That's fake news. The D governors forced businesses to close. Those weren't added jobs.

January 20th was Martin Luther King Day. That would be like Trump taking credit for adding all of the state and federal jobs, and others that returned to work on January 21st.

 

[KFsdisciple]

That's fake news. The D governors forced businesses to close. Those weren't added jobs.

January 20th was Martin Luther King Day. That would be like Trump taking credit for adding all of the state and federal jobs, and others that returned to work on January 21st.

I copied and pasted from factcheck.org I agree that adding back existing jobs from before the pandemic is incredibly dishonest and then doubling down on that dishonesty by saying Trump lost those jobs at the same time...It's one of those okay if you take it literally then it's not a lie... but it's really really shallow truth that needs a whole lot of context.