This GDP print was the perfect something for everyone number. 3% annualizing Q2 was for the glass half full crowd, whereas 1.25% H1 was for the naysayers. Economists will torture the data until it yields the answer their bias demands.
I think it is too early to declare Trump's tariffs a victory. Fortunately, he backed off most of them and our trading partners had the good sense to not escalate and just string out the negotiations as long as they could and now hope the Supreme Court will soon rule Trump's implementation of them illegal. That being said, I think Trump deserves credit for directionally having the right idea--addressing some of the imbalances we have with some of our trading partners. Unfortunately, Trump can't do anything without being an abrasive A-hole, and, of course, our trading partners have no reason to believe he will honor any agreement he has made--as we all know he tore up the NAFTA and replaced it with the USMCA that he negotiated in his first term and then did not honor in his second term. I think the WSJ summarized best why it's way too early to pop the champagne bottles and declare victory: https://www.wsj.com/opinion/gdp-report-economy-consumers-donald-trump-tariffs-d9879d98?st=W55taK&reflink=desktopwebshare_permalink.
As many calmer heads have said… let’s wait to see where this leads. Taking a different approach, apart from dollar debasement which seems to remain the same, is always going to feel like sailing uncharted territory. But if I’m not wrong Pomp has been one of the few calling for the wait and see approach whilst the average would be “expert” economist out there has been claiming we’d be well doomed by now(some already admitting they were wrong).
I’m wondering why most don’t think that using tariffs as a bargaining tool is a whole lot better than “invading for regime change” for example, or Americas other go to tactic over the last 30yrs CIA covert operations to cause chaos within a country’s political system. Nothing but dramas with the latter idea of which the world is still dealing with the fallout in Syria and Ukraine for example, and we know the former idea simply cost the US taxpayer $20 odd trillion while lining the pockets of the Bush’s, Obamas and Clintons(I’ll leave Pelosi out, she’s just the greatest stock trader of all time haha). So as Pomp said months ago, his micro version of tariff didn’t wreck any economy’s last term and maybe it earned him an opportunity to try a macro version this time.
As for “abrasive a-hole”… why is it people just don’t get it? Trump grew up in that non feeling based era where it wasn’t all participation trophies and ‘be a cat if you feel like being one’, then became a real estate man, the boss, where beating around the bush and worrying about how everyone feels just wasn’t on the agenda… which btw is turning the male population into a bunch of pansy gays that ‘kinda’ still like women(except for the feminist types that simply lie to women) and hearing the truth sends them straight to therapy… what sends you into fetal position crying “but he’s so abrasive!” is what actually runs shit, what gets shit done. In his case it’s decades of “I don’t give a fk about ya stupid feelings, this is how I see it!” Bring it on I say… weak men definitely create hard times as you see in France, the UK, and many other places where the populations have been brainwashed into for leftist drivel, faux compassion bullshit. So let’s enter ‘strong men create good times’ please… where speaking the abrasive truth, ruffling feathers and not gaf is the norm. Here’s hoping the population quickly start to realize their stupid feelings are meaningless.. yes that’s right… meaning-LESS.
Yes, too early to pop champagne, but at least we’ve gone from politicians using the system that was set up to buy $15mil mansions on the water in Martha’s Vineyard(while telling the plebs “water’s gonna rise up and engulf the coast line” haha, “give us control of more of your money you fools!”) to trying a new way where men get treatment that builds character not given tampons in case they “feel” sad today.
The macro story about asset appreciation has been in place for the last 40+ years and is definitely not changing. Assets up and to the right.
Historic market is a stretch. Possible but way too soon to announce. So is the claim that all the critics 'were wrong'. The most you could empirically say is that the critics were anticipating impacts too soon.
Perfect example of what to expect can be taken from the P&G earnings call yesterday. Long and short of it is they expect a 15% impact --- to be split roughly equally between them absorbing margin compression and passing the other half on to consumers. By Q4 of this year or into 2026. The message is this -- inflation impacts have not occurred yet but are on the way. Not crippling levels but noticeable, especially to the majority of consumers who spend more of their income on daily expenses.
I think there is a HUGE disconnect between what the stockmarket/cryptomarket do versus what's occurring on Main street with average Americans. Yes, the boomers are still doing great (they own real estate and most of the stocks). But the rest of us are still struggling with high prices and stagnant wages. I run a small resale business and things have been terrible for about a year. Sales are dismal. I'm having to hustle harder than ever, for less and less income.
The 3 of you for example put of the millions that see my posts and like and repost daily is what counts for me. Have 20 accounts at all times. I've gained the peoples trust long ago. Many know the name. Those of you that do not. Well you will have heard or know my name sooner than later rotfl
Has to do with Paul alexander and the gang like malome and McCullough are so full of shit. Fact is where were they speaking out on all this madness. This has been being planned for sometime and clearly they were all involved during these last 20 years plus. Then they speak out and very few of you defend them thats the funny part in all this. Zero fucks about you few sheeple that defend their names. Many others like and repost what I state
So your stating the doom and gloom is over? Tariffs are whats fuckin all of North America and reason my job infact is closing sept 19th 2025. Wake up. This is my 2nd time effected by this PLANDEMIC that this guy clearly doesn't see around him
" ANTHONY I HEARD YOU TOUTING THAT BIDEN WAS BENEFICIAL TO THE WORLD.
WHAT HAS HE CONTRIBUTED TO SURVIVAL ?
THE GUY HAS BEEN A DANGEROUSLY, CORRUPT, INSANE, BROKEN PIECE FOR A LONG TIME
.
I AM NOT A POLITICAL PARTY PLAYER.
I SUPPORT SANITY WHERE EVER AND WHENEVER I OBSERVE OR FEEL IT.
YOU ARE SANER THAN TO TOUT BIDEN.
BUT YOU KEEP ON TRYING TO BE THE GUY WHO PLEASES EVERYONE.
THAT IS ONLY ACHIEVABLE BY BEING SANE IN COMMUNICATION AND ACTION.
SANITY ALWAYS EVENTUALLY PREVAILS ...
WILL - THE TAO - I AM
- wILLIAM iAIN jONES
This GDP print was the perfect something for everyone number. 3% annualizing Q2 was for the glass half full crowd, whereas 1.25% H1 was for the naysayers. Economists will torture the data until it yields the answer their bias demands.
I think it is too early to declare Trump's tariffs a victory. Fortunately, he backed off most of them and our trading partners had the good sense to not escalate and just string out the negotiations as long as they could and now hope the Supreme Court will soon rule Trump's implementation of them illegal. That being said, I think Trump deserves credit for directionally having the right idea--addressing some of the imbalances we have with some of our trading partners. Unfortunately, Trump can't do anything without being an abrasive A-hole, and, of course, our trading partners have no reason to believe he will honor any agreement he has made--as we all know he tore up the NAFTA and replaced it with the USMCA that he negotiated in his first term and then did not honor in his second term. I think the WSJ summarized best why it's way too early to pop the champagne bottles and declare victory: https://www.wsj.com/opinion/gdp-report-economy-consumers-donald-trump-tariffs-d9879d98?st=W55taK&reflink=desktopwebshare_permalink.
As many calmer heads have said… let’s wait to see where this leads. Taking a different approach, apart from dollar debasement which seems to remain the same, is always going to feel like sailing uncharted territory. But if I’m not wrong Pomp has been one of the few calling for the wait and see approach whilst the average would be “expert” economist out there has been claiming we’d be well doomed by now(some already admitting they were wrong).
I’m wondering why most don’t think that using tariffs as a bargaining tool is a whole lot better than “invading for regime change” for example, or Americas other go to tactic over the last 30yrs CIA covert operations to cause chaos within a country’s political system. Nothing but dramas with the latter idea of which the world is still dealing with the fallout in Syria and Ukraine for example, and we know the former idea simply cost the US taxpayer $20 odd trillion while lining the pockets of the Bush’s, Obamas and Clintons(I’ll leave Pelosi out, she’s just the greatest stock trader of all time haha). So as Pomp said months ago, his micro version of tariff didn’t wreck any economy’s last term and maybe it earned him an opportunity to try a macro version this time.
As for “abrasive a-hole”… why is it people just don’t get it? Trump grew up in that non feeling based era where it wasn’t all participation trophies and ‘be a cat if you feel like being one’, then became a real estate man, the boss, where beating around the bush and worrying about how everyone feels just wasn’t on the agenda… which btw is turning the male population into a bunch of pansy gays that ‘kinda’ still like women(except for the feminist types that simply lie to women) and hearing the truth sends them straight to therapy… what sends you into fetal position crying “but he’s so abrasive!” is what actually runs shit, what gets shit done. In his case it’s decades of “I don’t give a fk about ya stupid feelings, this is how I see it!” Bring it on I say… weak men definitely create hard times as you see in France, the UK, and many other places where the populations have been brainwashed into for leftist drivel, faux compassion bullshit. So let’s enter ‘strong men create good times’ please… where speaking the abrasive truth, ruffling feathers and not gaf is the norm. Here’s hoping the population quickly start to realize their stupid feelings are meaningless.. yes that’s right… meaning-LESS.
Yes, too early to pop champagne, but at least we’ve gone from politicians using the system that was set up to buy $15mil mansions on the water in Martha’s Vineyard(while telling the plebs “water’s gonna rise up and engulf the coast line” haha, “give us control of more of your money you fools!”) to trying a new way where men get treatment that builds character not given tampons in case they “feel” sad today.
We should also be cognizant of these type of (unintended?) consequences of Trump’s tariffs. Who knows how this will affect America’s standing in the world, but we know for sure it won’t be positive: https://www.wsj.com/world/africa/lesotho-tariffs-state-of-disaster-87c17f46?st=uwKMdg&reflink=article_copyURL_share
$1 trillion of deficit spending is amazing. Let's pump that up to $2 trillion and maybe get 4% GDP GROWTH 📈 🫣
The macro story about asset appreciation has been in place for the last 40+ years and is definitely not changing. Assets up and to the right.
Historic market is a stretch. Possible but way too soon to announce. So is the claim that all the critics 'were wrong'. The most you could empirically say is that the critics were anticipating impacts too soon.
Perfect example of what to expect can be taken from the P&G earnings call yesterday. Long and short of it is they expect a 15% impact --- to be split roughly equally between them absorbing margin compression and passing the other half on to consumers. By Q4 of this year or into 2026. The message is this -- inflation impacts have not occurred yet but are on the way. Not crippling levels but noticeable, especially to the majority of consumers who spend more of their income on daily expenses.
I think there is a HUGE disconnect between what the stockmarket/cryptomarket do versus what's occurring on Main street with average Americans. Yes, the boomers are still doing great (they own real estate and most of the stocks). But the rest of us are still struggling with high prices and stagnant wages. I run a small resale business and things have been terrible for about a year. Sales are dismal. I'm having to hustle harder than ever, for less and less income.
Good...so why should Powell lower interest rates???
He should… to pour gasoline on the fire… but he won’t
bitcoin is a ZERO
Lil off with your mathematics thats for certain
I expect a crypto bull market top end of this year, lets see.
eToro CEO - Crypto is only 40% of his portfolio.
Having all the information from customers, he makes 33% per year.
Either he is lying and making much more, or he is a pretty bad investor.
Trump is a fuckin fool
Calm down there champ… staying away from those good ol Canadian safe injection sites might help… aye!!
That Proberta you got working for ya alexander can no longer post to my shit
The 3 of you for example put of the millions that see my posts and like and repost daily is what counts for me. Have 20 accounts at all times. I've gained the peoples trust long ago. Many know the name. Those of you that do not. Well you will have heard or know my name sooner than later rotfl
Has to do with Paul alexander and the gang like malome and McCullough are so full of shit. Fact is where were they speaking out on all this madness. This has been being planned for sometime and clearly they were all involved during these last 20 years plus. Then they speak out and very few of you defend them thats the funny part in all this. Zero fucks about you few sheeple that defend their names. Many others like and repost what I state
Wrong Kat
Perhaps get to know the facts and whom your speaking to before you embarass yourself further and I expose your name aswell
This has nothing to do with injection sites. Catch up. Far from the first time Paul alexander had his ass called out by me publicly
Hahaha. You must have taken these deathjabs.
So your stating the doom and gloom is over? Tariffs are whats fuckin all of North America and reason my job infact is closing sept 19th 2025. Wake up. This is my 2nd time effected by this PLANDEMIC that this guy clearly doesn't see around him