Lamont: I think Lutnick is whistling by the graveyard. I think this incredible uncertainty is a drag upon the economy. I think investors have spoken—you see that with the market reaction today. People don’t know if they should invest or not because they don’t know what tomorrow is going to bring.
Comments
Trump is an excellent marketer, he can sell ice to an Eskimo, he would sell his mother for the right price, oh yeah he sold the office of the presidency for $375 million dollars. An economic genius, NO!
BTW: He screwed over the families of employees who worked at Cantor Fitzgerald and were killed during 9/11 - he was Chairman of the company at the time
Old article - but he never fully paid up
https://www.nytimes.com/2001/09/26/business/a-nation-challenged-the-trading-firm-some-families-doubt-sincerity-of-cantor.html
However small.
Maybe even a dedicated channel for people who need a voice to be bigger. Who are on our side. Even though only a thousand people voted for them.
It's going to be a bloodbath.
Their response will not just be tariffs. We are in bear territory and going straight down to whatever is worse than that.
Tariffs increase prices
Increased prices reduce demand
Reduced demand slows the economy
A slowing economy is in recession
Recession precedes depression
Only a Magat believes it increases jawbs
RUNNING A BUSINESS IS NOTHING LIKE RUNNING A GOVERNMENT!
American household (Univ Michigan Prof Justin Wolfer). This = Single largest drop of the dollar per the Wall Street Journal.
No eggs for baking.
His commentary is nothing short of insane. To date he has said nothing sensible.
https://www.motherjones.com/politics/2024/11/trump-voters-like-lying-deception-feature/
Near DC? Join us at the Washington Monument at 12.
more losses.
a falling dollar.
an end to confidence and allies.
america alone.
https://youtu.be/P50XNLM9e0E
What they will do is drive the rest of the world to make trade deals around us. Cutting us out of their markets.
Having a psychotic erratic president causing global economic chaos on a daily basis is the opposite of stability.