Economics Thread

sturg33 said:
If Nvidia, Walmart, and Target can figure this out, why can't all the small businesses?
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Made in America goods that rely on raw material imports will be disadvantaged against Made not in America finished goods.

Everyone should be longing any corporation that will benefit from consolidation.
 
chop2chip said:
Made in America goods that rely on raw material imports will be disadvantaged against Made not in America finished goods.

Everyone should be longing any corporation that will benefit from consolidation.
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Between 2020 and 2025, Donald really is the grim reaper for small business and great for the mega corps
 
acesfull86 said:
C’mon Japan, we want you to stop “ripping us off,” solve China’s human rights abuses, make Europe pay for its own defense, halt fentanyl trafficking at the Canadian border, contribute to our sovereign wealth fund, and buy us Greenland as an apology for even making us ask.

There’s no plan.
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And once we're done with Japan... only 150 more country deals to go!
 
acesfull86 said:
C’mon Japan, we want you to stop “ripping us off,” solve China’s human rights abuses, make Europe pay for its own defense, halt fentanyl trafficking at the Canadian border, contribute to our sovereign wealth fund, and buy us Greenland as an apology for even making us ask.

There’s no plan.
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I’m guessing we expect them to prop up the American rice industry too.
 
Things don’t seem to be going well
About 10 days ago, an increasingly confident Scott Bessent began telling Wall Street executives that he was on the verge of removing the big dark cloud hovering over the US markets and economy: The Treasury Secretary said he was making significant progress in cutting trade deals with India, Japan, South Korea, and Australia, some of our biggest trade partners.

The markets would love the move; President Trump could move forward with his broader plans of isolating the rogue of the global trade, China, with its high tariffs and frequent theft of US intellectual property.

He would avoid an existential threat to his young presidency in a tariff-induce economic meltdown that could lead to rampant inflation and a recession.

But that was last week, and there are still no deals — at least none that look imminent by press time Monday — which is why the markets resumed trading after the weekend in free fall. It didn’t help that Trump added to the uncertainty, when he called Fed Chair Jerome Powell a “major loser,” more than hinting that he will try and remove him over his reluctance to cut interest rates because tariffs might stoke inflation.
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sturg33 said:
I wonder what needs to happen for the maga cult to question whether this is a smart strategy
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I had thought 25% approval was Trump’s absolute floor for any issue. He’s been close to that on tariffs. When the monsoon of trade deals that were promised don’t come, I wonder if at least a few of the kool aid drinkers jump ship.
 
thethe said:
www.mcall.com

Mack Trucks layoffs: A look at Mack’s job fluctuations over the last decade

Mack Trucks will lay off about 400 people at its Lehigh Valley Operations by the end of January, the Greensboro, N.C.-based company said Tuesday. While a layoff was expected, the size of the reduct…
www.mcall.com www.mcall.com

Surely there wasn't a trend of downsizing for Mack in the past to point too.....
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Mack and John Deere both brought this on themselves.

They encouraged inflated trade in programs for customers to keep the production door open while the real street price declined steadily. Now customers are under water in their trucks because both markets are flooded.
 
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