| Trumpenomics 08:48 - May 19 with 9438 views | nrb1985 |
You have to laugh really.
Comes in telling the world he's going to bring interest rates down to help his base.
Cue enacting a raft of textbook inflationary policies and receiving a rating downgrade on Friday.
30yr treasury through 5% this morning and 10yr back above 4.5%.
Sure we'll hear lots this week about how it's Powell or Biden's fault... [Post edited 19 May 2025 9:35]
|  | | |  |
| Trumpenomics on 09:49 - Mar 4 with 1161 views | giant_stow |
| Trumpenomics on 09:46 - Mar 4 by SuperKieranMcKenna |
Yep, shipping largely brought to a halt, and the impact of the oil and gas prices feeding through to inflation is already estimated as a 0.1% to 0.15% to hit to global GDP growth. Maybe doesn’t sound much in percentage terms but it’s huge in Dollar terms, and likely to worsen the longer the conflict goes on.
Iran, in addition to civilians are deliberately targeting energy infrastructure and logistics, with damage to sites in Kuwait, Saudi, Qatar, and UAE. Some have shut down as a precaution, as you rightly say this will all feed through to inflation which has already proven sticky. |
If Iran can hang in there, they may have already won this conflict. Ukraine's managed it against a much bigger aggressor afterall... |  |
| |
| Trumpenomics on 09:57 - Mar 4 with 1141 views | Swansea_Blue |
Can’t we strike a deal where Iran is allowed one tactical strike on the US leader and then we call it quits? A bit like knuckles at school 
There’s nothing worse than a dangerous unpredictable moron. |  |
| |
| Trumpenomics on 09:58 - Mar 4 with 1137 views | Whos_blue |
| Trumpenomics on 09:57 - Mar 4 by Swansea_Blue |
Can’t we strike a deal where Iran is allowed one tactical strike on the US leader and then we call it quits? A bit like knuckles at school
There’s nothing worse than a dangerous unpredictable moron. |
Or slaps! |  |
| Distortion becomes somehow pure in its wildness. |
| |
| Trumpenomics on 10:01 - Mar 4 with 1130 views | nrb1985 |
| Trumpenomics on 09:46 - Mar 4 by SuperKieranMcKenna |
Yep, shipping largely brought to a halt, and the impact of the oil and gas prices feeding through to inflation is already estimated as a 0.1% to 0.15% to hit to global GDP growth. Maybe doesn’t sound much in percentage terms but it’s huge in Dollar terms, and likely to worsen the longer the conflict goes on.
Iran, in addition to civilians are deliberately targeting energy infrastructure and logistics, with damage to sites in Kuwait, Saudi, Qatar, and UAE. Some have shut down as a precaution, as you rightly say this will all feed through to inflation which has already proven sticky. |
My contrarian view is that they probably didn't mean to kill the Ayatollah in the first round of strikes because he's the guy you negotiate with and his only leverage was always keeping the strait open.
Now who are they negotiating with? Pirates and terrorists it would seem...
As you say, they are now targeting infra in the other GCC countries. The Ayatollah I'm not sure would ever have dared but now they're in an extinction situation what leverage does anybody have on them?
Market seems to be waking up to the fact now this is unlikely to done in a few days. Albeit I hope I'm wrong. | | | |
| Trumpenomics on 10:02 - Mar 4 with 1125 views | SuperKieranMcKenna |
| Trumpenomics on 09:49 - Mar 4 by giant_stow |
If Iran can hang in there, they may have already won this conflict. Ukraine's managed it against a much bigger aggressor afterall... |
I don’t think it will be any way a win for them, they are in financial crisis even before the attacks, and their currency decimated. Furthermore they’ve largely been abandoned by their allies, China reduced dependence on Iranian oil, and reportedly the Russian’s refused to engage their SAM’s in Syria, or provide further stockpiles (likely they can’t afford to spare them from Ukraine).
The regime clinging on is the only ‘win’ for them. | | | |
| Trumpenomics on 10:12 - Mar 4 with 1092 views | DJR |
| Trumpenomics on 09:46 - Mar 4 by SuperKieranMcKenna |
Yep, shipping largely brought to a halt, and the impact of the oil and gas prices feeding through to inflation is already estimated as a 0.1% to 0.15% to hit to global GDP growth. Maybe doesn’t sound much in percentage terms but it’s huge in Dollar terms, and likely to worsen the longer the conflict goes on.
Iran, in addition to civilians are deliberately targeting energy infrastructure and logistics, with damage to sites in Kuwait, Saudi, Qatar, and UAE. Some have shut down as a precaution, as you rightly say this will all feed through to inflation which has already proven sticky. |
All of this pales into insignificance compared to Bankster not being able to fill his van with diesel. |  | | |
| Trumpenomics on 10:43 - Mar 4 with 1053 views | SuperKieranMcKenna |
| Trumpenomics on 09:42 - Mar 4 by giant_stow |
On the left, there's Modern Monetary Theory, which I have very little understanding of, but seems to run counter to prevailing central bank consensus. I know very little about it, but I believe Coach Rob off of on here might be a good explainer .
Edit: I think Polanski may also be borrowing some ideas from MMT too. [Post edited 4 Mar 9:46]
|
We’ve printed 100’s of billions over the last decade plus since the GFC. Difference would be it goes to the public sector rather tha banks. However, the period subsequent has seen an unprecedented decline in living standards in the UK as we’ve pumped money into the economy devaluing our spending power. Japan is the most notable and a good case study, they largely underwrite their own debt, but have a stagnant economy and living standards despite largely avoiding ‘austerity’. Also by issuing so much debt you drive down the value of your currency making imports more expensive (and thus fueling inflation). | | | |
Login to get fewer ads
| Trumpenomics on 11:23 - Mar 4 with 986 views | J2BLUE |
| Trumpenomics on 09:42 - Mar 4 by giant_stow |
On the left, there's Modern Monetary Theory, which I have very little understanding of, but seems to run counter to prevailing central bank consensus. I know very little about it, but I believe Coach Rob off of on here might be a good explainer .
Edit: I think Polanski may also be borrowing some ideas from MMT too. [Post edited 4 Mar 9:46]
|
If anyone on here believes in Modern Monetary Theory I have some magic beans to sell you. |  |
| |
| Trumpenomics on 12:54 - Mar 4 with 885 views | BlueandTruesince82 |
I'm not sure they'll even bother with that, he'll just say rates are down and MAGA will belive him |  |
| |
| Trumpenomics on 13:15 - Mar 4 with 866 views | giant_stow |
| Trumpenomics on 10:02 - Mar 4 by SuperKieranMcKenna |
I don’t think it will be any way a win for them, they are in financial crisis even before the attacks, and their currency decimated. Furthermore they’ve largely been abandoned by their allies, China reduced dependence on Iranian oil, and reportedly the Russian’s refused to engage their SAM’s in Syria, or provide further stockpiles (likely they can’t afford to spare them from Ukraine).
The regime clinging on is the only ‘win’ for them. |
That's all fair enough and I agree that a win for Iran is indeed the regime clinging on, but I think the downside for the US, the west and even the rest of the world could be immense. If this carries on much longer, we'll find ourselves in yet more deep economic water, facing more high inflation which no one can really afford (govts or individuals). Trump in particular, could be ruined by this, with elections this year / previous promises to stay out of wars. Other govts could readily topple in such a world - if the regime clings on in those circumstances, I would call that a win for them. | |
| |
| Trumpenomics on 13:16 - Mar 4 with 864 views | giant_stow |
| Trumpenomics on 11:23 - Mar 4 by J2BLUE |
If anyone on here believes in Modern Monetary Theory I have some magic beans to sell you. |
I would love to know more about it, cos we might be living it in a few years! | |
| |
| Trumpenomics on 18:06 - Mar 5 with 765 views | eirannach_gorm |
| Trumpenomics on 16:29 - Aug 1 by Leaky |
Well as much as I don't like him he screwed the EU over the trade deal |
??? | | | |
| Trumpenomics on 18:20 - Mar 5 with 745 views | BanksterDebtSlave |
| Trumpenomics on 10:02 - Mar 4 by nrb1985 |
Have even seen it muted Europe goes back to Russia asking for Gas...
Lovely.
China must be p1ssing themselves. |
There’s another line too, from White House press secretary Karoline Leavitt who in a post in on X, sought to reassure Americans on gas prices: “The Trump Administration will continue to unleash American energy dominance, and tap into our newfound oil in Venezuela.” |  |
| |
| Trumpenomics on 18:22 - Mar 5 with 743 views | BanksterDebtSlave |
| Trumpenomics on 10:12 - Mar 4 by DJR |
All of this pales into insignificance compared to Bankster not being able to fill his van with diesel. |
Mission accomplished, however heating oil is another matter....no more showers for a while!
https://www.boilerjuice.com/he | |
| |
| Trumpenomics on 18:51 - Mar 5 with 678 views | SuperKieranMcKenna |
| Trumpenomics on 18:20 - Mar 5 by BanksterDebtSlave |
There’s another line too, from White House press secretary Karoline Leavitt who in a post in on X, sought to reassure Americans on gas prices: “The Trump Administration will continue to unleash American energy dominance, and tap into our newfound oil in Venezuela.” |
More gaslighting- there is not remotely enough production in Venezuela to impact global prices. Also given how it’s bought in advance and the chokehold on transportation it will take a long time to come down even if the conflict stopped today. | | | |
| Trumpenomics on 20:39 - Mar 5 with 607 views | eirannach_gorm |
| Trumpenomics on 10:02 - Mar 4 by nrb1985 |
Have even seen it muted Europe goes back to Russia asking for Gas...
Lovely.
China must be p1ssing themselves. |
Nice bit of fake news there. Key sources of oil for Europe include the United States, Norway, Kazakhstan, and countries in North and West Africa. Only Hungary are still are still importing Russian oil increased its reliance from 61% before the 2022 Ukraine invasion to over 90% by 2025. Don't let facts get in the way of feelings though. | | | |
| Trumpenomics on 20:45 - Mar 5 with 600 views | DJR |
Bloody hell. That's a hell of a price increase. | | | |
| Trumpenomics on 05:38 - Mar 6 with 500 views | nrb1985 |
| Trumpenomics on 20:39 - Mar 5 by eirannach_gorm |
Nice bit of fake news there. Key sources of oil for Europe include the United States, Norway, Kazakhstan, and countries in North and West Africa. Only Hungary are still are still importing Russian oil increased its reliance from 61% before the 2022 Ukraine invasion to over 90% by 2025. Don't let facts get in the way of feelings though. |
Hi - thanks for that.
Couple of points:
1. It’s not fake news because I would have thought my phrasing would have clearly sign posted I read it in an op-ed.
2. Your post about where we currently get oil/gas from, without acknowledging what’s likely coming down the pike, suggests you haven’t really understood the situation at hand. Good effort though.
https://www.reuters.com/busine [Post edited 6 Mar 6:54]
| | | |
| Trumpenomics on 07:36 - Mar 6 with 418 views | DJR |
| Trumpenomics on 09:34 - Mar 4 by DJR |
The sad thing is that he and his entourage don't care about the effect of his actions on the rest of the World.
And he will lie about any impact it has on the States.
Still there's a glimmer of hope for one country.
https://www.theguardian.com/wo
Middle East conflict offers economic lifeline to Russia’s flagging war machine
With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India [Post edited 4 Mar 9:43]
|
The second part of my post is playing out.
"The US granted Indian refiners a 30-day waiver to buy Russian oil after the US-Israel war on Iran sparked fears of a supply crunch, lifting global prices. Barely a month ago, Donald Trump claimed India had agreed to stop purchasing oil from Russia, in a shift that he said would “help END THE WAR in Ukraine” by cutting off a key source of funds for Moscow. The US treasury secretary, Scott Bessent, insisted this temporary waiver, designed “to enable oil to keep flowing” into the market, “will not provide significant financial benefit to the Russian government”."
And look how the war is playing out elsewhere.
"Philippines mulls shorter weeks, less air-con as fuel costs bite
The Philippines government is urging the country to limit their air conditioner use and restrict non-essential travel while it mulls a four-day working week, as tensions in the Middle East push global fuel costs higher, Bloomberg reports.
The country imports nearly all of its oil, and the war in Iran could spur inflation that already hit a 13 month high in February.
Its department of energy said while it does not import crude oil directly from Iran, its dependence on the region leaves makes it vulnerable when shipping lanes are disrupted.
President Ferdinand Marcos Jr.’s administration this week ordered government offices to set their air-cons to no lower than 24 degrees C (75 degrees fahrenheit) and adopt flexible work arrangements to help conserve fuel.
Marcos, who plans to seek emergency authority from Congress to slash taxes on petroleum products, is also entertaining the idea of a four-day work week.
Some government agencies have said they will provide fuel subsidies to fisherfolk, farmers and public transport drivers."
But does Trump care? The hell he does. [Post edited 6 Mar 7:38]
| | | |
| Trumpenomics on 13:27 - Mar 6 with 347 views | darkhorse28 |
Amazing to judge a presidency in 3 days work, interest rates are down and so
Is inflation - but we shouldn’t let facts get in the way of tribe.
Is the problem you actually see a lot of yourself in him? Tribal, reductive, prone to exaggerate?
I don’t like him as a person, but some policies resonate and make sense.
For example, on shoring jobs and working conditions, seems a lot kinder than making Asia out slaves, and looking the other way to working conditions that include SUICIDE NETS they’re so appalling!!
I mean.., that the billionaires who own your media and politicians persuaded you that’s progressives fascinating .., Apple, in China for the skills don’t you know, now wages have increased are heading to India and Vietnam, for the skills again I’m guessing, certainly not the extra margin and lower costs.
Globalisation, your version seems SO unkind, like modern slavery, only perhaps worse, at least the media were allowed to talk about that.
You just look at your shoes (made in Cambodia) and shuffle your feet!
Obviously humanitarian reasons I doubt are front and centre for Donald, but it’s a beautiful consequence.
Some inflation so that the dead bodies aren’t piled so high we can see them from space, seems ok.
You sum up the problem. You want low inflation, low interest rates, great working conditions, high wages.
So how does that work? .., your iPhone would cost double or more - a good thing, if your in an Asian sweat shop campaigning for new suicide nets, the existing one having worn out!
As evil go’s signalling empathy, while making continents your spaces, doesn’t seem very kind or progressive, and because we stopped speaking about it, politicians and media need low interest rates and inflation too, low input costs, or they don’t have a job!!
Can’t help feeling Trump is right for the environment and for working conditions, isn’t making things at homes million times more progressive?
Do you know how much carbon we emit shipping your shoes and t shirts across the globe 24/7??
The paradox the same politicians and media looking the other way, also obsess about ‘progress tax’ to reduce carbon
No cheap shoes, clothes, electronic goods, how many votes would a party get? None? Clearly not your vote.
Low input costs pinned to millions of dead Asian bodies, is fine, out of sight and out of mind.
The unkind of all politics, globalisation, its failed th environment, failed workers and standards. And we DO need to change that.., who does it is less important. Tribe matters less than outcomes, the divide and conquer of good people is so transparent, apparently we should let other countries do what they like - not our business - also the left, let’s obsess 24/7 about trump, anyone can do anything, unless thy don’t agree with our dogma. | | | |
| Trumpenomics on 14:20 - Mar 6 with 309 views | nrb1985 |
| Trumpenomics on 13:27 - Mar 6 by darkhorse28 |
Amazing to judge a presidency in 3 days work, interest rates are down and so
Is inflation - but we shouldn’t let facts get in the way of tribe.
Is the problem you actually see a lot of yourself in him? Tribal, reductive, prone to exaggerate?
I don’t like him as a person, but some policies resonate and make sense.
For example, on shoring jobs and working conditions, seems a lot kinder than making Asia out slaves, and looking the other way to working conditions that include SUICIDE NETS they’re so appalling!!
I mean.., that the billionaires who own your media and politicians persuaded you that’s progressives fascinating .., Apple, in China for the skills don’t you know, now wages have increased are heading to India and Vietnam, for the skills again I’m guessing, certainly not the extra margin and lower costs.
Globalisation, your version seems SO unkind, like modern slavery, only perhaps worse, at least the media were allowed to talk about that.
You just look at your shoes (made in Cambodia) and shuffle your feet!
Obviously humanitarian reasons I doubt are front and centre for Donald, but it’s a beautiful consequence.
Some inflation so that the dead bodies aren’t piled so high we can see them from space, seems ok.
You sum up the problem. You want low inflation, low interest rates, great working conditions, high wages.
So how does that work? .., your iPhone would cost double or more - a good thing, if your in an Asian sweat shop campaigning for new suicide nets, the existing one having worn out!
As evil go’s signalling empathy, while making continents your spaces, doesn’t seem very kind or progressive, and because we stopped speaking about it, politicians and media need low interest rates and inflation too, low input costs, or they don’t have a job!!
Can’t help feeling Trump is right for the environment and for working conditions, isn’t making things at homes million times more progressive?
Do you know how much carbon we emit shipping your shoes and t shirts across the globe 24/7??
The paradox the same politicians and media looking the other way, also obsess about ‘progress tax’ to reduce carbon
No cheap shoes, clothes, electronic goods, how many votes would a party get? None? Clearly not your vote.
Low input costs pinned to millions of dead Asian bodies, is fine, out of sight and out of mind.
The unkind of all politics, globalisation, its failed th environment, failed workers and standards. And we DO need to change that.., who does it is less important. Tribe matters less than outcomes, the divide and conquer of good people is so transparent, apparently we should let other countries do what they like - not our business - also the left, let’s obsess 24/7 about trump, anyone can do anything, unless thy don’t agree with our dogma. |
My shoes are from Prada mate and say made in Tuscany on the sole. | | | |
| Trumpenomics on 14:26 - Mar 6 with 302 views | StokieBlue |
| Trumpenomics on 13:27 - Mar 6 by darkhorse28 |
Amazing to judge a presidency in 3 days work, interest rates are down and so
Is inflation - but we shouldn’t let facts get in the way of tribe.
Is the problem you actually see a lot of yourself in him? Tribal, reductive, prone to exaggerate?
I don’t like him as a person, but some policies resonate and make sense.
For example, on shoring jobs and working conditions, seems a lot kinder than making Asia out slaves, and looking the other way to working conditions that include SUICIDE NETS they’re so appalling!!
I mean.., that the billionaires who own your media and politicians persuaded you that’s progressives fascinating .., Apple, in China for the skills don’t you know, now wages have increased are heading to India and Vietnam, for the skills again I’m guessing, certainly not the extra margin and lower costs.
Globalisation, your version seems SO unkind, like modern slavery, only perhaps worse, at least the media were allowed to talk about that.
You just look at your shoes (made in Cambodia) and shuffle your feet!
Obviously humanitarian reasons I doubt are front and centre for Donald, but it’s a beautiful consequence.
Some inflation so that the dead bodies aren’t piled so high we can see them from space, seems ok.
You sum up the problem. You want low inflation, low interest rates, great working conditions, high wages.
So how does that work? .., your iPhone would cost double or more - a good thing, if your in an Asian sweat shop campaigning for new suicide nets, the existing one having worn out!
As evil go’s signalling empathy, while making continents your spaces, doesn’t seem very kind or progressive, and because we stopped speaking about it, politicians and media need low interest rates and inflation too, low input costs, or they don’t have a job!!
Can’t help feeling Trump is right for the environment and for working conditions, isn’t making things at homes million times more progressive?
Do you know how much carbon we emit shipping your shoes and t shirts across the globe 24/7??
The paradox the same politicians and media looking the other way, also obsess about ‘progress tax’ to reduce carbon
No cheap shoes, clothes, electronic goods, how many votes would a party get? None? Clearly not your vote.
Low input costs pinned to millions of dead Asian bodies, is fine, out of sight and out of mind.
The unkind of all politics, globalisation, its failed th environment, failed workers and standards. And we DO need to change that.., who does it is less important. Tribe matters less than outcomes, the divide and conquer of good people is so transparent, apparently we should let other countries do what they like - not our business - also the left, let’s obsess 24/7 about trump, anyone can do anything, unless thy don’t agree with our dogma. |
"Can’t help feeling Trump is right for the environment"
Literally the stupidest thing you've ever written and you've written an awful lot of stupid things.
SB |  | | |
| Trumpenomics on 14:35 - Mar 6 with 278 views | nrb1985 |
| Trumpenomics on 14:26 - Mar 6 by StokieBlue |
"Can’t help feeling Trump is right for the environment"
Literally the stupidest thing you've ever written and you've written an awful lot of stupid things.
SB |
I only made it as far as Cambodian shoes.
Kudos to you for reading on. | | | |
| Trumpenomics on 14:49 - Mar 6 with 254 views | Blueschev |
| Trumpenomics on 13:27 - Mar 6 by darkhorse28 |
Amazing to judge a presidency in 3 days work, interest rates are down and so
Is inflation - but we shouldn’t let facts get in the way of tribe.
Is the problem you actually see a lot of yourself in him? Tribal, reductive, prone to exaggerate?
I don’t like him as a person, but some policies resonate and make sense.
For example, on shoring jobs and working conditions, seems a lot kinder than making Asia out slaves, and looking the other way to working conditions that include SUICIDE NETS they’re so appalling!!
I mean.., that the billionaires who own your media and politicians persuaded you that’s progressives fascinating .., Apple, in China for the skills don’t you know, now wages have increased are heading to India and Vietnam, for the skills again I’m guessing, certainly not the extra margin and lower costs.
Globalisation, your version seems SO unkind, like modern slavery, only perhaps worse, at least the media were allowed to talk about that.
You just look at your shoes (made in Cambodia) and shuffle your feet!
Obviously humanitarian reasons I doubt are front and centre for Donald, but it’s a beautiful consequence.
Some inflation so that the dead bodies aren’t piled so high we can see them from space, seems ok.
You sum up the problem. You want low inflation, low interest rates, great working conditions, high wages.
So how does that work? .., your iPhone would cost double or more - a good thing, if your in an Asian sweat shop campaigning for new suicide nets, the existing one having worn out!
As evil go’s signalling empathy, while making continents your spaces, doesn’t seem very kind or progressive, and because we stopped speaking about it, politicians and media need low interest rates and inflation too, low input costs, or they don’t have a job!!
Can’t help feeling Trump is right for the environment and for working conditions, isn’t making things at homes million times more progressive?
Do you know how much carbon we emit shipping your shoes and t shirts across the globe 24/7??
The paradox the same politicians and media looking the other way, also obsess about ‘progress tax’ to reduce carbon
No cheap shoes, clothes, electronic goods, how many votes would a party get? None? Clearly not your vote.
Low input costs pinned to millions of dead Asian bodies, is fine, out of sight and out of mind.
The unkind of all politics, globalisation, its failed th environment, failed workers and standards. And we DO need to change that.., who does it is less important. Tribe matters less than outcomes, the divide and conquer of good people is so transparent, apparently we should let other countries do what they like - not our business - also the left, let’s obsess 24/7 about trump, anyone can do anything, unless thy don’t agree with our dogma. |
Reading this made me feel as though I was stood in a random kitchen at 7am on a Sunday morning really wishing I'd had a Saturday night in. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
