US GDP grows at 3% Trump wins againGDP is growing at 3%

[Hafar1014]

Tariffs are a good thing? Don't fool yourself, given that tariffs are good at the beginning but over time they bring more negatives than positives.

This is being shown today with all earnings and economic reports (including GDP) being positive and yet with Trump's announcement that the tariffs are now set (with the exception of Mexico, who has been given a 90-extension), the market has tanked.

The indexes sold off yesterday afternoon after the new all-time highs were made in both the SPX and the NASDAQ. Both of them were key negative reversals, having made the new all-time highs and then closing below Wednesday's lows. The SPX did it on Tuesday but with so many reports due out, it did not get confirmed. Yesterday and with META reporting killer earnings on Wednesday evening and opening 13% higher in price (and maintaining most of those gains), the negative key reversal in the NAZ is indicative.

Last night AAPL and AMZN reported earnings and both came out better than expected but AAPL is only up 2% an AMZN is down 8% in the pre-opening prices today.
Here is the comment I gave to my subscribers this morning.

Trump announced his now set tariffs (with the exception of Mexico) and that has been the one strong negative this morning. He says these tariffs will now stick (won't be changed unless a deal is struck with the nation in play) an that has been the negative that caused the sell off yesterday and the much lower opening this morning. Since yesterday's high, the DOW has fallen 1600 points, the SPX has fallen 213 points and the NASDAQ100 has fallen 914 points.

The NASDAQ and the SPX have generated a key negative reversal, which normally signals that a high for this rally has been found and that a correction is now happening.

With all the positive earnings reports this week (META killed it and AAPL and AMZN came in much better than expected) and the GDP coming in at 3%, there was no fundamental reason for this selloff, other than the tariffs being considered a big negative.

From this moment on, the market will begin to show the real consequences (or benefits) of the tariffs. Having said that, this reaction suggests that the traders consider them a negative.

The market will bounce right back. Tariffs will bring in over 1 trillion in 4 years and will pay off the deficit. There is transition from Bidens debt based economy to a wealth based economy. He had 4 years to dig us in a hole give Trump one year to pull us out

 

[Luckyone]

The market will bounce right back. Tariffs will bring in over 1 trillion in 4 years and will pay off the deficit. There is transition from Bidens debt based economy to a wealth based economy. He had 4 years to dig us in a hole give Trump one year to pull us out

Keep on living in your dream world.

Having said that, if you want to face reality, listen to what Ronald Reagan said about tariffs. Tariffs are a "short-term fix but a long-term catastrophe". Evidently, Trump doesn't believe in Reagan.

 

[g5000]

But closer then where we were when he took office from xiden!

Don’t worry dembot, we are fixing the mess you created with your vote

Sorry, ignoramus. You should have looked up the facts before spouting your bullshit.

Biden had several quarters at 3.0 or above.

Remember when Trump campaigned on achieving 4 to 6 percent growth in 2016?

You rubes live in a delusional, alternate reality.


.

 

[struth]

Sorry, ignoramus. You should have looked up the facts before spouting your bullshit.

Biden had several quarters at 3.0 or above.

Remember when Trump campaigned on achieving 4 to 6 percent growth in 2016?

You rubes live in a delusional, alternate reality.


.

Haha dumb f fourth qtr of 2024 was 2.3 percent

That’s what xiden left and trump inherent

 

[kyzr]

Sorry, ignoramus. You should have looked up the facts before spouting your bullshit.
Biden had several quarters at 3.0 or above.
Remember when Trump campaigned on achieving 4 to 6 percent growth in 2016?
You rubes live in a delusional, alternate reality.

Biden's bloated budget and $2T deficits may show up in GDP, but its bullshit.
Trump is getting private sector growth while reducing government jobs, and cut Biden's bloated budget by $1.5T getting close to a balanced budget.
Trump had a $27b surplus. That is winning.

Trump’s Tariffs Deliver: U.S. Posts $27 Billion Budget Surplus

U.S. sees $27 billion budget surplus in June, driven by Trump's tariffs and trade policies.

townhall.com

 

[Fort Fun Indiana]

Sweeping tariffs are an idiotic idea. Free trade is better and benefits everyone

We figured this out 70+ years ago.

The aberrent Trump presidency has forced us to relitigate old issues that were settled long ago. Chiefly, this is because the fat rapist is a goddamn moron who doesn't know anything about anything, least of all economics or history.

 

[g5000]

Haha dumb f fourth qtr of 2024 was 2.3 percent

That’s what xiden left and trump inherent

Yes, and Trump drove it down to 0.5 percent in the first quarter. Haha dumb f

 

[g5000]

Trump is getting private sector growth while reducing government jobs, and cut Biden's bloated budget by $1.5T getting close to a balanced budget.

Close to a balanced budget! BWA-HA-HA-HA-HA-HA!

That's- BWA-HA-HA-HA-HA-HA!

That's the stupidest thi- BWA-HA-HA-HA-HA-HA!

 

[struth]

Yes, and Trump drove it down to 0.5 percent in the first quarter. Haha dumb f

trump? yes it was tough coming out of the Xiden admin, but we rebounded quickly thanks to trump at we are now at 3 percent,

The first qtr we were so depended on imports coming out of the xidenflation regime, now thanks to the tariffs, we aren't, and have a booming 3 percent GDP

 

[struth]

Close to a balanced budget! BWA-HA-HA-HA-HA-HA!

That's- BWA-HA-HA-HA-HA-HA!

That's the stupidest thi- BWA-HA-HA-HA-HA-HA!

We are getting there
Economy

Treasury posts unexpected surplus in June as tariff receipts surge​

https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.html

 

[kyzr]

Close to a balanced budget! BWA-HA-HA-HA-HA-HA!

The CBO said a $3.3T deficit over 10-years
That equals a $330b annual deficit

But the CBO's assumptions are wrong:
Tariffs are at least $300b in new revenue
The DOGE savings, if congress implements them, is $190b
The CBO assumed a 1.8% GDP growth, Trump should get over 3%
Claw-backs should also generate revenue.

That adds up to more than the CBO's projected deficit. June had a $27b surplus dumbass.

https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.html

Treasury posts unexpected surplus in June as tariff receipts surge​

 

[Nostra]

You can thank America employers -- importers -- for that $150 billion. That's who paid it.

You know that, right?

Trump making EVIL corporations pay THEIR FAIR SHARE.

You clowns have been whining and crying about that for decades, Mac15+15.

 

[Nostra]

Keep on living in your dream world.

Having said that, if you want to face reality, listen to what Ronald Reagan said about tariffs. Tariffs are a "short-term fix but a long-term catastrophe". Evidently, Trump doesn't believe in Reagan.

He was senile.

 

[berg80]

Doom and gloom the democrats answer to success.

So............when economists point out the demonstrable negative effects of Dotard's tariff idiocy they are Dems? Does that means the economists who pretend there are no negative effects are Repubs?

If you pay attention to earnings reports by major corporations you'd know quite a few CEO's have spoken about uncertainty making them hesitant to invest for the future. And then there are the ones reporting a pullback by consumers.

Jim Cramer says earnings misses at these 3 companies show Trump tariffs are hitting consumers​

https://www.cnbc.com/2025/07/29/jim-cramer-earnings-misses-show-consumers-are-feeling-tariff-impact.html

 

[berg80]

The market will bounce right back.

It might. If Dotard comes to the realization the tariffs he has imposed are going to hurt the economy and changes course..................AGAIN.

 

[Hafar1014]

So............when economists point out the demonstrable negative effects of Dotard's tariff idiocy they are Dems? Does that means the economists who pretend there are no negative effects are Repubs?

If you pay attention to earnings reports by major corporations you'd know quite a few CEO's have spoken about uncertainty making them hesitant to invest for the future. And then there are the ones reporting a pullback by consumers.

Jim Cramer says earnings misses at these 3 companies show Trump tariffs are hitting consumers​

https://www.cnbc.com/2025/07/29/jim-cramer-earnings-misses-show-consumers-are-feeling-tariff-impact.html

Yes democrat economists were wrong about Biden's inflation blaming Putin and the claim that its transitory. They are wrong again

 

[berg80]

The CBO said a $3.3T deficit over 10-years

The CBO said the tax cuts will result in an additional $3-4T in debt on top of projected annual budget deficits.

CBO Projects Record-Breaking Debt Under Trump Tax Cuts​

https://www.taxnotes.com/research/federal/legislative-documents/congressional-budget-office-reports/cbo-projects-record-breaking-debt-under-trump-tax-cuts/7rssf

 

[Mac1958]

SO...

Trump just fired the Commissioner of Labor Statistics. He didn't like the ******* jobs numbers. He says they're fake news.

And now that person will be replaced with someone who won't annoy him.

DON'T REPORT BAD NEWS, OR ELSE.

This is true, literal authoritarianism.

==========================

 

[berg80]

Yes democrat economists were wrong about Biden's inflation

Biden's inflation? Wasn't inflation a global, post COVID phenomenon resulting largely from supply chain disruptions all over the world.

 

[Hafar1014]

Biden's inflation? Wasn't inflation a global, post COVID phenomenon resulting largely from supply chain disruptions all over the world.

No American inflation was caused by Bidens massive debt spending and energy polices not policies in lower Slobovia.
The supply chain problem was caused by democrats who shut down their state economies needlessly.