Goldman Sachs, Jan 21: "Despite Trump’s comments that the 25% tariff will be implemented in 10 days, we continue to believe the odds of a 25% tariff on Canada and Mexico are low (20%)." Why have analysts been caught so flat-footed by Trump doing *exactly what he said he would*?
Comments
How will this not tank the economy?
The administration has terrified corporations. I doubt anyone felt able to argue that the world was about to burn.
1) Boycott Tesla. Hyundai makes better EVs anyway
2) Boycott USA Whiskey. Drink some Mexican Tequila
3) Stop buying tools+machinery from the USA. Trade w/Europe+Japan+S Korea
...
The "Very Serious People" called, Professor, and the call is coming from inside the house
NEW DATA FROM GOLDMAN SACHS HAS SOUNDED THE ALARMS:
Hedge funds are betting that Trump will CRASH the economy, warning that savings accounts and 401ks of Americans are threatened.
#FAFO #UScoup
Praying at the feet of the King of Gold
Except Trump's circle was always planning to put sycophants on the cabinet this time.
There will need to be a reckoning in the industry about how they all fucked this prediction up.
And with Canada on board, why not invite Mexico and Panama?
As Frankenstein was to his monster, Goldman Sachs (et al) are to theirs.
I’m just standing by with a bag of marshmallows and a multi purpose coat hanger awaiting a flaming hall of congress.
It was never a negotiating tactic, like his aides told People to give them a false sense of security. Trump was always serious about tariffs.
he built like 5% of a wall and he had to pay for it. people expected that sort of gap between discourse:delivery
they assumed he was lying about the stuff they didn't like
*in the Global South
None of this is surprising or unexpected, it is completely on par with how he has behaved since he was a child.
There is no other way. Buckle up.
Few seem to be able to imagine the orange clown is that stupid.
Which Goldman and co
only put a 20pc probablity on.
https://www.jandehn.com/post/economic-nationalism-trump-courts-conflict-with-new-trade-war
January 31, 2025 at 6:45 p.m. EST
"Last week US equity markets extended to the upside with the S&P 500 hitting a new all-time high. Following President Trump’s inauguration there was a deluge of executive orders but there weren’t tariff announcements leading to a sigh of relief. "
https://www.pbs.org/kenburns/us-and-the-holocaust/
https://www.youtube.com/watch?v=4TJCEDW1xoA
Kind of like his working-class voters who got him elected are shocked that he would do anything to hurt them financially bc they voted him into office
"He can't be *that* stupid. No way he'll actually sting the frog, it's just rhetoric."
People need to wake up to how stunningly unintelligent and ignorant this man is.
Tariffs? Just a signature.
It’s awful.
But remember also, launching nukes is just an order. Easy.
Like there's the base of logic there, but it's been so horribly twisted that it's turned around into a Sunk Cost Fallacy so sunken it's threatening to hit the molten core of the earth.
But there are no smart people in the room.
Those econ fuckleheads still think *they're* the masters of the universe but sorry dudes it's MAGA, Elon, and Nazis all the way down now. They dgaf what you want or care about.
"Trump" is a stand-in name for Musk? Thiel? Miller? Putin? Orban? The mob? or ???
What we see evidence of is a golfing, TV-show watching, out-of-it looking "Trump."
And, why major decisions while at Mar a Lago? Secure lines from Putin or others from an U.S. ears?
which means that the wealthy will get the tax cuts they paid for with their donations
Their friends who owned the media were busy same washing Trump.
They helped sellout our country for wealth when they already had more than most.
Wall Streeters are the biggest bunch of clowns.
That is, until you take into account that it is a fascist power play. He's constantly probing the level of dissent in order to see how fast he can move.
Of course, the capitalist class largely bought in
Expect them to manipulate literally every financial instrument to your disadvantage. Without relevant consequences, if the the mob boss gets a cut.
Notice they said "continue to believe" not "see evidence."
How much do those guys get for being that gullible?
The stock market can crash to zero.
We can create a new economy that values people over profit
It is really easy
We already know how
We the People have the power
Thanks Tantrump
Tariff Act of 1930 ...Smoot–Hawley Tariff...
https://fred.stlouisfed.org/series/M0892AUSM156SNBR
https://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act
In essence, they had "done their own research."
Stuff is going to go pear-shaped far quicker than a NAFTA-violating trade war based on the near octogenarian toddler's tantruming.
Normally, I would think I’m being paranoid, but these days…🤷♀️
Feel a little better.
Speaking of which, WHAT IS GOING ON REGARDING THE #COUP AT TREASURY AND OPM!?
YOU HAVE A ROBUST PLATFORM - PLEASE SOUND THE ALARM AND CONTACT AS MANY OF YOUR GOVT CONTACTS TO STOP THIS BY ANY MEANS.