The Recession is Starting...
Did anyone see the GDP numbers today? Was it negative or positive?
But also the Biden blaming has also started LOL. Trump is actually blaming Biden for the decrease in GDP hahaha. You can't make this shit up! We definitely saw this one coming lolllll. Now let's see how many retards on here blame Biden also lmfaoooo!!!
Inflation is going to increase as a result of tariffs and interest rates are going to rise due to other countries dumping our treasuries and the US potentially losing its safe haven legacy. STAGFLATIONN HERE WE COME BABBYYYY!!! Took the US almost 100 years to establish its reputation as the safest investment in the world and it only took Trump only 100 days to ruin it. Good job MAGA, bunch of fucking idiots hahahahah
We said the same thing during the Biden admin when we thought the Fed was behind the curve in 2022-2023 when we had two consecutive quarters of negative GDP growth (which were eventually revised up). Jobless claims and employment has been the only indicator that has been reliable. Also, the main contribution to the reduction in GDP was the cut in government spending in addition to rise in imports due to the anticipation of tariffs that have been honestly rolled out horribly.
But I do agree with Trump admin that our reliance on short term borrowing under Biden’s Treasury where Yellen decided to create heinous maturity walls that Bessent now has to deal with while the Fed tries to fix its credibility from its transitory inflation disaster in 2021 instead of helping the Treasury create a sustainable long-term borrowing plan (Bessent can only try to push the 10 year yield so low without the Fed lowering the base floor).
Once labor market starts slipping, then I’d be joining you with this narrative but right now this is premature in my opinion.
OP aged like milk after jobs report and 9 consecutive day of markets being up.
I just read the OP today and it’s amusing. Read like a psychotic word spill.
Why don't you actually take a stand and support the tariffs? Then I can actually dismantle it and laugh at you. Just insulting me and not providing me an opportunity to prove that you're a retard is just..boring
This OP is a clown, he shills super hard for libs and looks to blame everything on Trump. Guess that's what you find on the internet
To be clear, I'm a moderate, so it's quite easy for me to debate either side. I'm blaming Trump for the tariffs and that they are a terrible decision. You're welcome to take the other position that either Trump is not to blame for the tariffs or that the tariffs are a good idea. I've already debated this topic with multiple parties from your cohort and easily dismantled each of their pathetic arguments. I'd be more than happy to hear you out, but I'm fairly certain it will result in the same outcome. Wanna try? :)
I'm looking for a good debate and then to rub it in after I win. @Fjsjrjdns already rolled over without a fight below. But you seem more confident in your position. Don't be a pussy like him okay? Take a stand for your MAGA cohort. They need you.
You do realize that the stock market and economy are different things right? On liberation day the S&P closed at 5670. It closed at 5660 today, so virtually no change. However, lets look at the economic changes since then...we have 20%-145% tariffs on every trading partner, shipping containers arriving at the Port of Long Beach and Port of Los Angeles are down almost 50%, major retailers such as Home Depot/Target/Walmart are warning of empty shelves, fortune 500 companies across the board are just flat out pulling future guidance because they have no fucking idea what's going on, major financials institutions such as jp morgan/goldman/apollo are projecting high probability of recession, and good old J Powell is warning of potential stagflation. But you think an April jobs report and 9 consecutive days of markets being up, which is pretty typical before a recession, outweighs all of the factors above?
Your title says 2nd year banking associate and i believe it. As an associate you don't need to use your brain. You just take orders from above. Doesn't take much brain power to realign logos lol. Your lack of brain activity is clearly evidenced by your inability to think about the future. You really think all these factors I just listed are a boon for the economy? Are you truly that dense? You're supposed to be a "wall street financier." The creme de la creme of wall street and you actually believe that tariffs of 20%-145% and a 50% decrease in shipping containers is good for the economy? Trump certainly does as he even admitted that a shipping slow down is a good thing. But we all know that he's a retard. I guess since you support him, we can conclude the same about you?
This is going to be an easy debate for me. Be sure to continue responding and not running away like every Trumper I've ever debated.
Wahhhhhhhhh. Cry more
Trump is not to blame for this. The real economy has been in a depression for years. Look up Triffin dilemma and understand international and monetary economics before you start blaming him. The US cannot subsidize the world any longer. The Bretton Woods system was meant to get Europe back on its feet but that was 75 years ago. Enough is enough.
The other thing is the economy was massively and falsely propped up by govt spend which is becoming ridiculous (20+% of economic spending). Of course that needs to be cut down
I don't disagree that govt spending has gotten out of hand, but this is a result of both parties. How do tariffs solve this?
I remember naiively entering B school in 2022 thinking the economy is still relatively okay. I remember a classmate of mine used to work in finance who told me to be cautiously optimistic about the next few years. He was right, I stupidly thought the 2021 economy would come back soon (didn't come from a business background). A lot of us (including me) got screwed out of a summer return offer because the public companies we were at were quietly cutting costs left and right.
sorry to hear. where did you end up?
But what does this have to do with tariffs? Are you saying the tariffs are good for the economy? Make a claim. I can't engage in a debate with you if you don't actually make any claims.
Tariffs are one of several options, all of which are painful as hell. I would take tariffs over returning to the Gold Standard, for example. Or having every country in the Bretton Woods System send an annual payment to the US to plug our trade deficit. We cannot run deficits anymore. The monetary system will collapse eventually otherwise. It's a mathematical certainty.
Then we have the financial economy vs the real economy. The real economy is in a depression. It will eventually take the financial economy with it unless you create jobs for the vast majority of this country that aren't in service work. That's the electorate Trump represents and it is completely fucking valid. Everyone complaining are entitled, spoiled brats who think the world owes them something at the expense of others. It does not. Fuck off. Markets can go down and interest rates can go up. Find a profession that creates value for society instead of gambling in the markets or looting companies and transferring value to shareholders and GPs.
A 0.3% decline is not that significant and may not be related to tariffs at all. Today, we are learning about Trumps attack on foreign movie makers and plans to hit them with a tariff. Not sure how you tariff a foreign movie but his followers will cheer and it does sound kind of funny.
It sounds hilarious. I'm guessing it's more that production for movies has left he US (no idea if that's true or not) and they want to bring that back. From Reuters: "In 2023, about half of the spending by U.S. producers on movie and TV projects with budgets of more than $40 million went outside the U.S., according to research firm ProdPro."
https://www.reuters.com/business/media-telecom/trump-announces-100-tariff-movies-produced-outside-us-2025-05-04/
My guess is someone explained a perceived problem to him over dinner/golf on movie production going elsewhere and he told them he'd do something about it.
Oh no! Won’t someone think of the Disney slop. What are we gonna do if we don’t get a 48th Marvel movie with some unknown D- tier superhero!?
Tariffs on foreign movies are dumb. Not sure how that works. That being said, America (especially California) could do a better job incentivizing domestic film production. Been an issue for a while now - has been leaving Hollywood for other states and countries because of high operation costs there, mainly to the detriment of behind the scenes set people.
So now I get downvoted for standing up for unionized film workers? Production designers? Really?
https://www.nytimes.com/2025/04/19/movies/hollywood-filming-overseas.ht…
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