8 ms·

It's pretty hard as an indicator to miss this, considering that it's one of the very rare times a government loudly and proudly declares it's going to intention

It's pretty hard as an indicator to miss this, considering that it's one of the very rare times a government loudly and proudly declares it's going to intentionally cause a recession.

chmorgan_ 2y ago
sources? I can't find any Trump official that is claiming they are trying to intentionally cause a recession.
- guerrilla 2y ago
  They have been told many times and have stated that they accept that as a consequence.
- pupppet 2y ago
  I haven't announced I would post here therefore this post you are reading does not exist.
- sjsdaiuasgdia 2y ago
  “WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump said in a social media post. “BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.” https://apnews.com/article/trump-tariffs-canada-mexico-china-trade-surplus-3010e6368545e2976feb5ac6b41e528e https://apnews.com/article/trump-tariffs-canada-mexico-china... Or as Lord Farquaad put it: "Some of you may die, but it's a sacrifice I'm willing to make."
- raytopia 2y ago
  There's a theory going around that the administration wants to crash the market so they can buy everything up for cheap, in a similar way to what happened in Russia after the fall of the Soviet Union. At the same time though it seems like the current president has always been pro tariffs even though they are almost always bad for a economy, the reason why the admin is applying a lot more of them is because almost everyone left in the admin's circle is a yes men.
  - myth_drannon 2y ago
    not buy up everything, but make US national debt servicing cheaper once the interest rates go down (and recession will bring them down). I highly doubt the current administration can play that kind of 3d chess. Just simple populism.
- NortySpock 2y ago
  "minimum 10% tariff on all imported goods and materials" certainly sounds like a way to increase costs. Increasing costs seems generally worse for an economy than decreasing costs. I feel like most people could follow this logical chain of reasoning to a conclusion of "thus you have a elevated risk for an economic recession compared to the state of affairs before the tariffs."
- MattGaiser 2y ago
  Does he need to say the word recession? How direct does he need to be? https://time.com/7266187/trump-recession-tariffs-us-economy-ukraine-zelensky-conflict-interview/ https://time.com/7266187/trump-recession-tariffs-us-economy-...
- nostrademons 2y ago
  https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008 https://www.marketwatch.com/story/kaboom-elon-musk-predicts-...
- belter 2y ago
  From five days before the election... https://www.vox.com/politics/381637/elon-musk-donald-trump-2024-election-temporary-hardship https://www.vox.com/politics/381637/elon-musk-donald-trump-2... “If Trump succeeds in forcing through mass deportations, combined with Elon hacking away at the government, firing people and reducing the deficit - there will be an initial severe overreaction in the economy…Market will tumble. But when the storm passes and everyone realizes we are on sounder footing, there will be a rapid recovery to a healthier, sustainable economy.” Musk replied, “Sounds about right.”
bill_joy_fanboy 2y ago
A lot of supporters of the trade restrictions don't care. They're working people who don't own a lot of stocks and all they've seen is their jobs sent overseas. To them, it doesn't even matter if things get "worse" for a while. Their life is already meeting every economic headwind imaginable.
- jgilias 2y ago
  The unemployment rate is near historic lows. Apparently there’s plenty of jobs going round. Not that that’s going to last if actual economic headwinds hit the economy.
  - 8note 2y ago
    labour participation rate is the number you want to be looking at - unemployment excludes people who have given up looking anectdotally, you dont see people dropping out of universities en masse because businesses are desperate for workers and willing to make it worth students while to put off or skip the education. you see that in and out in tech/software dev, but not across industries
  - bill_joy_fanboy 2y ago
    You believe the official government unemployment numbers? That's kind of like saying you believe the official government inflation numbers.
- tmpz22 2y ago
  > every economic headwind imaginable. Freaking what? Are they food insecure? Facing a military onslaught. Come on.
  - bill_joy_fanboy 2y ago
    This is quite an anti-worker comment. "They still have cereal and fast food and they're not getting shot so they're fine." LOL.

It's pretty hard as an indicator to miss this, considering that it's one of the very rare times a government loudly and proudly declares it's going to intentionally cause a recession.

chmorgan_ 2y ago

sources? I can't find any Trump official that is claiming they are trying to intentionally cause a recession.

guerrilla 2y ago
They have been told many times and have stated that they accept that as a consequence.
pupppet 2y ago
I haven't announced I would post here therefore this post you are reading does not exist.
sjsdaiuasgdia 2y ago
“WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump said in a social media post. “BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.” https://apnews.com/article/trump-tariffs-canada-mexico-china-trade-surplus-3010e6368545e2976feb5ac6b41e528e https://apnews.com/article/trump-tariffs-canada-mexico-china... Or as Lord Farquaad put it: "Some of you may die, but it's a sacrifice I'm willing to make."
raytopia 2y ago
There's a theory going around that the administration wants to crash the market so they can buy everything up for cheap, in a similar way to what happened in Russia after the fall of the Soviet Union. At the same time though it seems like the current president has always been pro tariffs even though they are almost always bad for a economy, the reason why the admin is applying a lot more of them is because almost everyone left in the admin's circle is a yes men.
- myth_drannon 2y ago
  not buy up everything, but make US national debt servicing cheaper once the interest rates go down (and recession will bring them down). I highly doubt the current administration can play that kind of 3d chess. Just simple populism.
NortySpock 2y ago
"minimum 10% tariff on all imported goods and materials" certainly sounds like a way to increase costs. Increasing costs seems generally worse for an economy than decreasing costs. I feel like most people could follow this logical chain of reasoning to a conclusion of "thus you have a elevated risk for an economic recession compared to the state of affairs before the tariffs."
MattGaiser 2y ago
Does he need to say the word recession? How direct does he need to be? https://time.com/7266187/trump-recession-tariffs-us-economy-ukraine-zelensky-conflict-interview/ https://time.com/7266187/trump-recession-tariffs-us-economy-...
nostrademons 2y ago
https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008 https://www.marketwatch.com/story/kaboom-elon-musk-predicts-...
belter 2y ago
From five days before the election... https://www.vox.com/politics/381637/elon-musk-donald-trump-2024-election-temporary-hardship https://www.vox.com/politics/381637/elon-musk-donald-trump-2... “If Trump succeeds in forcing through mass deportations, combined with Elon hacking away at the government, firing people and reducing the deficit - there will be an initial severe overreaction in the economy…Market will tumble. But when the storm passes and everyone realizes we are on sounder footing, there will be a rapid recovery to a healthier, sustainable economy.” Musk replied, “Sounds about right.”

bill_joy_fanboy 2y ago

A lot of supporters of the trade restrictions don't care. They're working people who don't own a lot of stocks and all they've seen is their jobs sent overseas. To them, it doesn't even matter if things get "worse" for a while. Their life is already meeting every economic headwind imaginable.

jgilias 2y ago
The unemployment rate is near historic lows. Apparently there’s plenty of jobs going round. Not that that’s going to last if actual economic headwinds hit the economy.
- 8note 2y ago
  labour participation rate is the number you want to be looking at - unemployment excludes people who have given up looking anectdotally, you dont see people dropping out of universities en masse because businesses are desperate for workers and willing to make it worth students while to put off or skip the education. you see that in and out in tech/software dev, but not across industries
- bill_joy_fanboy 2y ago
  You believe the official government unemployment numbers? That's kind of like saying you believe the official government inflation numbers.
tmpz22 2y ago
> every economic headwind imaginable. Freaking what? Are they food insecure? Facing a military onslaught. Come on.
- bill_joy_fanboy 2y ago
  This is quite an anti-worker comment. "They still have cereal and fast food and they're not getting shot so they're fine." LOL.