The Economy

[2muchcoffeeman]

Crypto values have been driven by hype, speculators and mash excitement, rather than by actual value.

The crash is beginning.

 

[Hermes]

Literally two posts above this one.

 

[dixiehack]

So why is crypto down?

The Cools have moved on to combo appetizers at Chili's.

 

[garrow]

US auto industry could be collateral damage in President Trump's trade wars

https://www.chicagotribune.com/2025/03/01/trump-auto-industry-trade-wars/

 

[Twirling Time]

There is no such critter as a car that is 100% American made. Spark plugs might come from Japan and fenders might come from Mexico, etc. In fact, Toyota might have more U.S. content than anything out of Detroit.

 

[micropolitan guy]

US auto industry could be collateral damage in President Trump's trade wars

https://www.chicagotribune.com/2025/03/01/trump-auto-industry-trade-wars/

Did any state vote against its self-interest more than Michigan in the 2024 presidential election?

 

[Twirling Time]

Did any state vote against its self-interest more than Michigan in the 2024 presidential election?

UNIONS 4 TRUMP!

 

[dixiehack]

Goin' great!

Fresh indicators showed that consumers spent less than expected during the inclement January weather and exports were weak, which led to the downgrade. Prior to Friday's consumer spending report, GDPNow had been indicating growth of 2.3% for the quarter.

While the tracker is volatile and typically becomes a more reliable measure much later in the quarter, it does coincide with some other measures that are showing a growth slowdown.

The first quarter is on track for negative GDP growth, Atlanta Fed indicator says

 

[TigerVols]

Goin' great!


The first quarter is on track for negative GDP growth, Atlanta Fed indicator says

The wall is getting closer, and the car is speeding up

 

[BTExpress]

The chair is against the wall. John has a long mustache.

 

[BitterYoungMatador2]

US auto industry could be collateral damage in President Trump's trade wars

https://www.chicagotribune.com/2025/03/01/trump-auto-industry-trade-wars/

I've met so many union members (Teamsters especially) that are all "fork yeah, Trump!" that I don't care.

 

[Michael_ Gee]

Don't worry, the administration has a plan. They're gonna lie. Sec. of Commerce says they're going to take government spending out of the GDP calculations to hide the impact of Musk's cuts. How they plan to compensate for the reduced spending of the newly unemployed and bankrupt contractors was not revealed, but I'm sure they'll think of something. Real easy for the economy to function without accurate data, let alone with falsified data.