So, since last time he was president?
post
You ain't seen nothing yet.
Just wait until February. Then the bottom will really fall out of the job market.
And if the current policies are continued, it will continue to get worse YOY.
Foreign investments are declining, and the dollar is weak, so inflation and job losses will continue.
I think that's what they call stagflation. A combination of the worst of an overheated economy and an economy in recession.
Enjoy the things that are free, you may need to "consume" more of those things in the future.
Why February?
Because both January and February are traditionally slow months, but next year will be worse than normal. My guess is that there will be a lot of firing, in part because many businesses will be slow, and second because they can't afford to hold people on for things to look up in in March/spring, and third because many probably will be skeptical that things will look up enough to keep people on anyway.
But all in all it's mostly a gut feeling from 30 years in business, and although I am not American, I know business in USA is harsher regarding these things than what is normal in Europe.
I predict the shit will hit the fan about March, give or take a month or so. High heating bills, skyrocketing insurance, and food prices coupled with a collapsing economy and loan defaults will drive the country into a deep depression. Not to mention the political shit-show that is deteriorating fast.
I'm enjoying every free packet of ketchup I can still get. Some places are now starting to charge for cups of water or BBQ sauce packets.
and the dollar is weak, so inflation and job losses will continue.
weaker dollar means there's more jobs though, because while it's more expensive for you to buy products abroad, it's cheaper for foreigners to buy your products, so that stimulates exports, which stimulates production
Yes in principle, except USA has very low export of goods compared to the size of the economy.
So it will stimulate exports some. But despite the decline of the dollar happened already this year, the export of goods has declined anyway. Because Trump is a moron and has made everybody angry with USA.
The weak dollar has NOT increased exports, but together with tariffs it has caused inflation to be a higher than it otherwise would have been. And the weak dollar is caused by a lack of capital influx (investments) to USA, and less investments means fewer new jobs.
That means nothing when you've alienated all your trading partners, and your trading partners are boycotting the products you make.
How could Barack Biden do this??
Nobody can afford to live while working. Now hardly anyone will be working, our safety nets have been dismantled, healthcare is an obstructive shareholder grift and it’s illegal to be homeless welcome to the tech bro feudal system. Your lords are not “geniuses” they’re mentally ill malignant narcissistic hoarders
When was the Trump economy ever moving to begin with? Seems to me that he slammed the brakes on the already slow Biden economy and has been driving in reverse since then.
Can you believe Biden fired all these people just to hurt trumps amazing numbers?!
He's doing a state of the onion tm night....
Trump is like manmade COVID for the US economy.
Sadly, the "normal" way to distract from failure at home is starting some random war.
Trump is teeing up economic collapse. Our budget deficit is 6%, well over double economic growth, and unsustainable. Our national debt is massive, and a significant chunk comes due in 2026 and will have to be rolled over into new bonds, which will undoubtedly be seeking a higher interest rate to compensate for the fiscal risk caused by the out of control budget. Add in the fact that Jerome Powell's term as fed chair in up in May, and you can rest assured that Trump will appoint a lackey, it becomes clear that reckless monetary policy to juice the economy will be in play. There is a reason that gold is in the midst of the biggest bull market of all time, and it will go absolutely bonkers in 2026.
Is a "stall" better or worse than a "free fall nose dive into concrete"?
So, highest since Trump’s first term. Nice.
What's the worst case scenario? US declares bankruptcy, inflation hits 100%, everyone loses all their savings and the rich become even richer?
Yeah Trump voters voted for this whether they wanted to or not. They said put a corrupt president in office “he’ll be good”. If you voted for him you voted for corruption and facism and I do not like you
I bet if Harris won she would have hit the highest rate in forty years by now.
On what evidence do you support that theory?
What evidence do you have to disprove it?
You're the one making a dumbass comment. If you want people to listen to you then at least try to put reason to such a dumbass comment.
No offense but if you don't have evidence to disprove my comment why did you feel the need to jump into the conversation?
You are either a troll or very poorly educated.
You are the one making the claim, so the burden of proof is on you.
I shared my opinion.
Wrong, you shared your BASELESS opinion.
Not all opinions are equal, although the Christian right likes to claim so.
But informed opinions are actually worth more than uninformed opinions.
in german we have a great proverb called "einbildung ist auch eine bildung"
LOL that's a good one. Hard to translate so it works though, but I speak enough German to get it just fine. 😀
That's almost like having a theoretical degree in physics.
Not quite as good as having a degree in theoretical physics.
Evidence can’t prove a negative.
I have no idea what today’s economy would look like under Harris, but I’m not the one making a claim.
Would you be coming after me this hard if I said that I bet the jaguars will win the super bowl next year?
I’m not sure a simple “what is your evidence” is coming at you hard. But okay…
if you said that I would see they have a very good record right now (evidence) and wouldn’t wonder why you are saying that.
If you claimed the Titans were going to win, I would indeed wonder and ask for your reasoning.
Have the jaguars ever played a super bowl?
They’re 10-4, first in their division, 3rd in the AFC. They’re not my first choice to win the Super Bowl, but I wouldn’t bet against them either.
But have they played in the super bowl?
No, but that alone doesn’t affect if they will be in the future.
They are also different people each year.
The Cowboys have played in almost as many super bowls as any team, but if you bet on them to win this year you should have your head examined.
Can you prove that?
Can I prove what?
That Harris wouldn’t have had the highest unemployment rate in forty years.
Again, you can’t prove a negative. And the burden of proof (or at least credible evidence for) is on the person making the claim.
You’re making the claim. Back it up.
That’s like me saying I bet the jaguars will win the next super bowl and you telling me to back up my claim.
Compared to the series of absolute winner advisors the Cheeto has? Yeah. Go with that, buddy ;-)
You’re wrong.
And:
https://www.ms.now/the-reidout/reidout-blog/trump-penn-wharton-economy-harris-rcna168687
And:
https://www.bloomberg.com/features/2024-trump-harris-economics-plan-models/
And:
Should I keep going?
Exit polls 2024: Deep economic discontent with Biden drove voters to Trump
The economy remains a key irritant. Voters say it's in bad shape by 67%-32%. And 45% say their own financial situation is worse now than four years ago, versus 30% the same, with just 24% doing better. The "worse off" number exceeds its 2008 level, then 42%, and far outpaces its shares in 2020 (20%) and 2016 (28%).
Trump is more trusted than Harris on immigration and the economy in the preliminary exit polls while Harris leads Trump in trust on abortion.
No Harris would have continued Biden's economic policies, and they actually created economic progress.
The problem with inflation was a worldwide consequence of COVID, European countries have inflation under control now. in my own country Denmark, food prices even dropped a little in November! And inflation is projected to be below 2% next year.
unemployment doesn't matter anyways, affordability does.
with what policy does trump support giving handouts to the people? none i can see. and that's the problem.

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