DawgTalkers.net Forums DawgTalk Palus Politicus Dow falls 1,100 points

Dow down again today, -960 pts as of now. It will go below 30K before this imbecile is gone. Make Americans Broke Again… Hoovervilles coming to a location near you.

not good!


https://www.cnn.com/2025/03/10/inve...-he-wont-rule-out-a-recession/index.html

Dow falls 1,100 points in market rout after Trump says he won’t rule out a recession
By John Towfighi and Lucy Bayly, CNN
4 minute read
Updated 3:08 PM EDT, Mon March 10, 2025


CNN
—
The rout on Wall Street steepened Monday afternoon as US stocks plunged and the Dow fell by more than 1,100 points — its largest single-day decline since December.

The widespread selloff was mostly driven by concerns about the impact of President Donald Trump’s tariffs on economic growth. In an interview that aired Sunday, Trump said the US economy would see “a period of transition” and refused to rule out a recession.

When asked on Fox News’ “Sunday Morning Futures With Maria Bartiromo” if he was expecting a recession this year, Trump said “I hate to predict things like that. There is a period of transition because what we’re doing is very big.”


The Dow’s losses equal 2.6%. The broader S&P 500 also plunged, dropping by 3.5%, while the tech-heavy Nasdaq Composite plummeted 4.9%.

Tech stocks were leading the selloff Monday, weighing on the S&P 500 and dragging the Nasdaq into correction territory. As of the afternoon, the S&P 500 was down 9% from its record high on February 19, and the Nasdaq was on track for its worst day since September 2022.

The “Magnificent Seven” of tech stocks — Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) — were all in the red on Monday, driving the broad selloff.

“President Trump’s comments not necessarily taking a recession off the table unnerved investors who were already unnerved,” said Anthony Saglimbene, chief market strategist at Ameriprise.

Tesla erases post-election gains
Tesla was down 14.8% on Monday. After the US presidential election in November, shares of Tesla surged. However, Tesla stock is down more than 44% this year, wiping out its gains since November.

The company’s shares have taken a massive hit in recent weeks amid protests against CEO Elon Musk for his oversized role in the Trump administration, as well as slumping sales in Europe.

Elon Musk speaks with President Donald J Trump and reporters in the Oval Office at the White House last month.
Related article
Wall Street is turning its back on Elon Musk

Nvidia fell 5% and Palantir (PLTR), another star of the artificial intelligence trade, slid 10%.

“When stocks overextend on the upside, they overextend on the downside,” said Gina Bolvin, president of Bolvin Wealth Management Group, in an email.

The VIX, Wall Street’s fear gauge, surged to its highest level this year. “Extreme fear” has been the sentiment driving markets for the past two weeks, according to CNN’s Fear and Greed Index.

“This uncertainty has been swirling in the market,” Saglimbene said.

Bitcoin slid to $78,000 on Monday — its lowest level since November — amid a selloff of risky assets.

Tariff uncertainty spooking Wall Street
Stocks have been hammered so far this month amid uncertainty around Trump’s on-again, off-again tariff policy. The S&P 500 slid 3.1% last week, posting its worst week since September.

“The stock market is losing its confidence in the Trump 2.0 policies,” said Ed Yardeni, president of Yardeni Research.

Trump threatened a massive tariff on imports from Canada and Mexico but then announced a reprieve until April 2. He doubled the tariff on all Chinese imports to 20% from 10%, and a 25% tariff on all steel and aluminum imports is set to take effect March 12. In addition, Trump threatened last week to enact a 250% tariff on Canadian dairy products and a “tremendously high” tariff on its lumber. On Sunday he told Fox that tariffs may still “go up as time goes by.”

“The talk of tariffs is, in a lot of ways, worse than the implementation of them,” said David Bahnsen, chief investment officer at the Bahnsen Group. “The tariff talk, reversal, speculation, and chaos only fosters uncertainty.”

“I do not believe the administration knows how the tariff situation will play out, but if I were a betting man I would say that it will persist long enough to do damage to economic activity for at least a quarter or two, and ultimately result in a deal with different countries that make everyone wonder why we went through all the fuss,” he said in a note Monday.

President Donald Trump signs an executive order in the Oval Office of the White House.
Related article
Cracks are forming in America’s economy. Trump is a big reason why

And cracks are forming elsewhere: Layoffs are mounting, hiring is slowing, consumer confidence is eroding and inflation is picking up.

The yield on the 10-year US Treasury slid to 4.215% as investors snapped up government bonds, signaling concerns about uncertainty and economic growth.

Looking ahead this week, investors will be attuned to monthly inflation data expected on Wednesday and Thursday to gauge whether inflation remained stubborn in February.

A recession is commonly defined by two consecutive negative quarters of gross domestic product growth. The National Bureau of Economic Research’s Business Cycle Dating Committee, the official arbiters, says a recession “involves a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

“How long this period of investor caution persists depends on how quickly it will take the global trade clouds, and the resulting threat of recession, to dissipate,” said Sam Stovall, chief investment strategist at CFRA Research, in a note Monday.

This is a developing story and will be updated.

CNN’s Matt Egan contributed reporting.

I just posted about Trump continuing his crash of our economy. Only question in my mind is how low will it go…

I have no clue how low it will go. something tells me it will end up around -650 ish

I meant the overall drop in the markets for the duration of his presidency. I fully expect the DOW to dip below 30K before he’s gone. Not rooting for that, but I expect it to be bad. Everything Trump does is bad for America.

Refs merge my thread please**

On Biden's last day, it was at 43,487.83

Currently, we are at 41,913.23

We could go down -1500 points today. it is so hard to guess what is going to happen.

could be an overreaction by the market. lets hope, anyway.

Dow closed today almost 900 pts down..

Usually I don't buy into the thinking that Presidents have major effect on the markets. In general I think that's true. But if we see a President make a series of moves that effect costs to the American people, I do think there is a certain fear that develops and the market responds.

So, this time, this is on Trump. He'll try to tell everyone it's Bidens fault. But that will be a giant pile of BS. Biden did nothing but grow the economy and he stabilized it after the Pandemic. But that's embarrasing to Trump...

Truth- Biden's watch market grew/ recovered. Yes- Trump will blame Biden for falling markets and for price increases.

Show me a time when trump has take an ownership of any of his mistakes and calamities....

I read an article this morning that said that Trump posted on Truth Social 100 times between Noon and 6 pm yesterday... Kinda reminds me how Nero Fiddled while Rome burned. Dnn't blame me, I wasn't dumb enough to vote for this Russian ASSet.

A buddy who I trust greatly with these topics said to me that it has something to do with the tariffs, but it is not the only reason. He said market valuations are also at historic highs and people have been waiting for this adjustment for awhile now. He expects it to go down more.

As Samuel L. Jackson once said....."Hold on to your butts!"

Ironically, it looks like Tesla is leading the charge of long-overdue valuation bubbles looking like they're ready to burst.

You can not have the level of cuts and layoffs on the federal side, the crazy gains the market has made the last couple years-and the tariffs. These are not surgical tariffs to stabilize a US market that is getting rocked-these are just indiscriminate tariffs and we have not even begun to feel the pain of the tariffs/reciprocal tariffs.

And I think it is now morphing into board rooms talking about bottom lines getting squeezed from tariffs/projects going away because grant money is being pulled and uncertainty that trump/musk even have a clue.
The market is going to go way lower unless they find somebody in the room with half a brain to come up with a new strategy

I held on after the election because I thought trump would go back to his old hat-do the tax cuts first and then go after the tariffs and a little bit of cuts to the fed departments.
When it didnt happen after a couple weeks and the elon bros started their crap-I pulled about 20-25% of my gains of the last few years out and went to bonds/cash/money market. When myself and our owners had a meeting about 4-5 weeks ago with a general contractor who has a project working for a company that wanted to spend about 300 million to build a manufacturing facility to make something that had to do with grid reliability and the whole grant that they got from Biden thru the Dept of Energy was pulled "for review"-I went home and talked to my wife a couple days later on as Saturday morning over coffee and we decided to pull most of the rest of our 401k out and put in bonds/cash and put all of our kids college fund money in CD's.

I still have a little bit in an index fund and some foreign funds but most of my stock in US companies was moved about 4-5 weeks ago.

NBC News
Trump made the stock market a marker of success. Now he's hedging as markets dip.
Shannon Pettypiece
Mon, March 10, 2025 at 8:26 PM EDT5 min read


When President Donald Trump wanted to make the case for his first term’s success in an interview last month, he turned to the stock market.

“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” he said in a Fox News interview Feb. 9. “It was an amazing achievement.”

And in his second term, he has promised that trend would continue.

“The stock market is going to be great,” he told the crowd at an investor conference Feb. 19.

But after stocks began a downward spiral last week on fears Trump's use of tariffs will tip the United States into a recession, his tone has changed.

“You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”

On Monday, stocks sank further, erasing all of their gains since Trump’s election. The S&P 500 had its worst day since September, and shares of technology companies were among the hardest hit as the Nasdaq had its biggest one-day drop since 2022, wiping out $1 trillion in value.

None of the more than two dozen posts on Trump’s Truth Social account Monday addressed the market sell-off. A White House official downplayed the market moves in a statement to reporters.

“Since President Trump was elected, industry leaders have responded to President Trump’s America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs," White House spokesman Kush Desai said in a statement. "President Trump delivered historic job, wage, and investment growth in his first term, and is set to do so again in his second term.”

The White House cited several surveys showing improved confidence among business leaders, though the surveys were conducted before Trump imposed the tariffs on Canada and Mexico last week.

Analyst Says Amazon.com (AMZN) Is a ‘Victim of Their Own Success’
Insider Monkey

After Trump’s first term in office, he frequently used the stock market like an EKG tracking the health of his presidency with posts like “Stock Market at all-time high. That doesn’t just happen!” At rallies, he would often cite the market and talk about workers’ thanking him for making them rich because their stock portfolios were doing so well.

While the stock market had its ups and downs during Trump’s first term, including a dramatic fall at the start of the pandemic, it was largely on an upward trajectory, with the S&P 500 index increasing nearly 70% during Trump’s first term. The market continued its overall rise during President Joe Biden’s time in office.

On the eve of Trump's inauguration, when the S&P 500 was up around 3% since the election, he referred to the increase in stocks, along with other improvements in the economy, as the “Trump effect.”

“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect. It’s you. You’re the effect,” Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”

But as Trump’s policies have begun to take shape in his first 50 days in office, some of that optimism from investors has reversed course. The decline in markets accelerated last week, when Trump carried through on a threat to impose a 25% tariff on goods from Canada and Mexico, two of America’s closest trading partners, and put an additional 10% tariff on imports from China.

While Trump backed off on many of the Canada and Mexico tariffs days later, the levies remained on many products, and he reiterated that more tariffs were coming in April. On Monday, China imposed retaliatory tariffs on a variety of U.S. agriculture products, while Ontario’s premier announced the province would begin charging 25% more for electricity to 1.5 million Americans.

U.S. tariffs on imported steel and aluminum were set to go into effect later this week, which would drive prices higher for some U.S. manufacturers.

“The underlying fundamentals of the economy are really strong. There is unfortunately a huge amount of uncertainty right now that is affecting boardrooms and investors," Peter Orszag, CEO of the investment bank Lazard and a top budget official in the Obama administration, said in an interview on CNBC. "I think people could understand tension with China. It’s Canada, Mexico and Europe that is confusing. So the good news is this is a choice."

Trump hasn’t dismissed the notion of some economic pain from his tariffs, warning that there will be a “period of transition” in his interview Sunday on Fox and a “little disturbance” in his address to Congress last week.

His top economic officials also offered a warning last week, with Treasury Secretary Scott Bessent saying there would be a “detox period” as the economy shifts away from government spending, and Commerce Secretary Howard Lutnick saying prices on some items would go up as a result of tariffs — though they wouldn’t increase overall inflation.

On Sunday, Trump maintained his position on the tariffs in remarks to reporters as he flew back to Washington from a weekend at his home in Palm Beach, Florida.

“I think the tariffs are going to be the greatest thing we’ve ever done as a country,” Trump said. “It’s going to make our country rich again.”


https://www.yahoo.com/finance/news/trump-made-stock-market-marker-002623522.html

This is true.

But what we are seeing right now is a 100% reaction to Trump. Period. Without the trade wars and Trumptarded "policies", this doesn't happen and you can't change that. Without the Trump affect the markets would still be at their all time highs and possibly overvalued.

No amount of deflection and distraction will change that fact.

This is the thing that gets me with Trump. As Mr. Business, he should have known what his chaotic actions were going to do. He's supposed to be more familiar with the goings on of a board room than anyone.

This is an honest question. Has he ever been a part of a board room meeting where he has had to put together a plan and "pitch" it in a CEO capacity, or has he pretty much been more of the Chairman recipient of the plan and just says "yea or nay"?

I tried to explain this the first time he ran for president. He has always been the head of a family business where he and he alone has the final say. Much he same way he is trying to operate our government now. He had no experience with oversight which is what he has wiped out now in our government.

As far as the stock market goes.......

I don't think there's a single ingredient as to why the market is diving. Many have spoken about the tariffs, a natural market correction and so on. The thing is, if people actually believe that some market correction just accidentally happened at the exact same time as all this talk of tariffs they have either fooled themselves or are trying to fool others. I don't pretend to have all of the answers as to why it's falling the way it is but I do know two huge contributing factors.

Consumer confidence and consumer spending. 80% of America's GDP is based on consumer spending. How confident consumers are with the economy has a big impact on the way they spend. Companies all across this country from Walmart on down have projected that sales and profits will be down in 2025.

US Consumer Confidence Dropped Sharply in February

https://www.conference-board.org/topics/consumer-confidence

The worst since Feb. 2021.

US consumer spending posts first drop in almost two years

https://www.reuters.com/markets/us/...uary-monthly-inflation-rises-2025-02-28/

I have no idea if things will continue to trend this way or not. But this is the current status and this too is a contributing factor for what we're seeing now.

Didn't he file bankruptcy 6 times?

Just clicking; Down over 500 today. I don't see any end in sight

Lucky me so far, the stuff I'm invested in hasn't been hit to hard.

trump doubled the tariffs on Canadian steel and aluminum this morning

I wish this would help more than the handful of steel factories that exist in this country. But it's clear we can't force the free market to build factories in this country that we need, so...oh well.

Cleveland has some big ones here.

for sure, and they're gonna benefit greatly.

I'm just saying we don't have nearly the amount of mills across the country for these tariffs to really benefit the industry. we don't have a lot of big steel mills left, and it takes at least 2 years to put up one.

now, my response to my own statement would be "well better start building them now", but that's not how the people at the top view it.

He already has,,, That to me is a sure sign he knows he's to blame for this recent drop. He also tried to blame Biden for Canada providing Electricity to certain states... I think he forgot he signed the deal with Canada and Mexico that allowed that.

He really isn't all that bright

lol fair.

I think renewalable energy is going to get a shot in the arm in the US and Canada is going to cut off their nose in the process.

The Trump Slump continues full steam.

Wonder if it escalates when all these countries quite rightly return the tariffs and impose increases on US exports?

Who wins? Who Pays? What is the long term benefit of recipricated taxes?

No-one. Us. No benefits, just higher costs for everyone and less stable world trade partners.

He makes this dumb old hillbilly look as bright as a 1,000,000 watt light bulb

I agree with the last part.

Markets like stability. Right now we don't have stability. There is a lot of upheaval. Upheaval we as a country have been avoiding for several decades. Avoiding as in sticking our heads in the sand.

Now we are hearing hints of the country going broke. Is it fear mongering or does it hold some truth? Probably some of both, but we are indeed acting like a business who can't continue to see red ink.

What about anything 47 campaigned on makes you think renewable energy is going to get a shot in the arm?

You have framed that as if it's almost something that we need to do and go through.... I think that is drinking the Kool-Aid just a little bit too much.

I am re-reading Hitchhiker's guide to the galaxy and came across an observation about their president that I think is apropos:

"One of the major difficulties ... was learning to distinguish between him pretending to be stupid just to get people off their guard, pretending to be stupid because he couldn't be bothered to think and wanted someone else to do it for him, pretending to be outrageously stupid to hide the fact that he actually didn't understand what was going on and really being genuinely stupid."

Additional quotes about the president of the galaxy that apply to our current president include

"Many had seen [him being elected president] as clinching proof that the whole of known creation had finally gone bananas"

He was a "good-timer, (crook? quite possibly), manic self-publicist, terribly bad at personal relationships, often thought to be completely out to lunch."

The qualities that the president was required to display "are not those of leadership but those of finely judged outrage."

but we (the people in control) hate renewable energy, remember? it's all a scam. we need more coal plants and drill more oil. we haven't invested in the infrastructure like we should for the last 30-40 years, at least thats what people keep telling me based on the oil companies.

on top of that, let's drill more oil. now we gotta convince (read: bribe) private companies to build the refineries necessary for us to be self-sustainable.

Refineries the private market could've build years ago...but chose not to.

has nothing to do with 47. it has to do with us making our own power in alternative ways in the USA vs buying it from across the border.


heck, Microsoft is getting a nuclear reactor up for themselves

https://www.datacenterdynamics.com/...-signs-20-year-835mw-ai-data-center-ppa/

So then you are against trillions in tax cuts that make the red ink much worse?

That Tesla commercial he shot in front of the White House yesterday should help EV sales. At least for one brand.

Drill bay drill. Lets dig up some coal!

maybe, maybe not. But, the stock market has to get itself under control. I feel bad for anyone that was planning on retiring in the next few months.

I feel sorry for them too. But we have a situation that goes deeper than just the stock market. 80% of our GDP comes from consumer spending. As I posted yesterday consumer spending and consumer confidence are both down. The threat of all these tariffs may help with consumer spending in the short term I can't say for sure. They may rush out and purchase things to try to beat the tariffs. But that will be a very short term band aid on the problem if trump can't get consumers to believe in the economy.

Things can change on a dime. The stock market fluctuates. I'm certainly not one who is going to predict long term doom and gloom here because that remains to be seen. I just know the tariff rhetoric has to stabilize and the average consumer will have to start spending more money again for this to turn around to any degree. The stock market is only one factor in how the economy is doing and certainly doesn't tell the entire story.

I can't even count all of the companies predicting sales and profit reductions for 2025. From Walmart on down to Target, Kohl's and so on. That's probably the single most concerning issue right now if it comes to pass.

Trump is great at bringing other people together against him. Canada and Greenland just elected their ANTIFA governments.

Actually the Canadian elections have not yet happened. All that happened is the party Trudeau belongs to replaced him as Prime Minister until the elections are held. The Canadian election will be held on or before October 25th.

Thanks, I just heard new PM and assumed.

Another 500 point tumble while the orange oaf bloviates about invading our neighbor for no good reason. Anybody in the market feeling all the winning yet? Lmao, they would be impeaching a dem by now.

I think it is something we have to go through IMO.

We have been riding the gravy train of a WWII win for 80 years. That is over now, it really was about 25 years ago. We have been printing and spending money to keep up the lifestyle.

We can't do that forever. There comes a point we have to face the facts.

Don't get me wrong. I don't think we are months or even a few years away from insolvency, but 10-20 years isn't out of the realm.

I get it, people don't like change, markets don't like change, but it is change that needed to start 20 years ago.

The markets will come back. I have seen this many times. For those of you who actively invest in the market, this is a good time to look for some plumbs.

Come on Swish, you are a savvy guy. Oil companies aren't going to build 3-4 more refineries to have them running at 50% capacity. They need them running at 80%, or whatever the number might be.

Big oil has a sweet spot for oil. I am not going to claim i know what that number might be. It a commodity, just like chicken eggs.

If it goes too low, oil companies can't make enough money to support the infrastructure in place to meet demand. If it goes too high, consumers begin to feel the squeeze.

When we say drill baby drill, it isn't necessarily to use the oil. It is to keep the price of imported oil inside the sweet spot. Even the threat of us pumping more is enough of a threat to keep commodity prices inside the sweet spot.

Gas prices are already dropping. It isn't because we are pumping more at this point. Just the threat we will is causing that.

Damn Peen? Is that you in your cheer gear?




I keep wondering how long it will take you to figure it out. My money is on the day you wake up and it’s all gone, everything you ever held dear, gone because of Trump. I hope for your family’s sake it doesn’t take that long, but you do you…

I appreciate that my friend. Nobody wants to see people ruined...at least I hope so.

No real worries here. In my younger years my goal was to own 10lbs of gold. Real coins, not some paper investment. Over a decade or so i managed to do that. If everything goes to Sh^#, I have easy access to that.

Not in a bank that can close, but in a real safe, in a real secure spot that I can access at any point

But, I am not worried about that. I agree, the markets don't look good right now because markets like stability. Things are moving at a very fast pace. Even faster than I imagined, but i am good with that because it needed to happen.

The amount of waste and potential corruption, not just dems, but systemic corruption is staggering to anybody who listens with an open mind.

It's pretty sickening to be honest and some of the biggest bombs are yet to be dropped.


Plus, that isn't my shade of pink and my beard is much grayer.

Time for a reality check Ballpeen. I'll bypass the statement that the gravytrain is over implying that the USA is not going to be great again and hasn't been for 25 years.

I'll simply point out that - without a shadow of a doubt - if the DOW had slumped under Biden, and the right wing media was spewing out a constant message that Biden and the communists had tanked the economy. . . . you would NEVER have written the above post.

I suspect that you would have written a post regurgitating the media talking points, there's no way to know. But I can say with certainty, no way you would write that same get out of jail post alleviating all responsibility from Biden and insinuating that it was just one of those things.

And right or wrong regards the need for a correction - it gives Trump a pass on the instability he has brought and the madness of a global trade war that benefits no-one. Did you see the report on washing machine prices in Trump term 1? Job increases in the USA at a staggering cost. $820,000 per job. Just plain dumb. Consumers are the people that pay - a very few benefit.

https://www.aei.org/carpe-diem/trum...-a-yuge-cost-to-consumers-of-820000-job/

https://www.slowboring.com/p/tariffs-inflation

Back in January of 2018, the Trump administration announced new tariffs on washing machines. A tariff is just a tax. In particular, it’s a kind of sales tax. And if Trump had imposed an across-the-board federal sales tax on washing machines, people would have lost their [censored]. But this wasn’t an across-the-board sales tax; it’s a sales tax just on imported washing machines, which makes it a tariff.

When you think about it, though, limiting the sales tax to foreign-made washers doesn’t actually change the situation very much. An across-the-board tax would raise the price of washers across the board. With a focused tax, there is more nuance. In 2016, for example, we put some tariffs on Chinese-made washers which seems to have mostly just led American retailers to import more washers from Korea, while the Chinese-made washers went to wherever the Korean washers used to go. But in 2018, Trump really got serious with broad tariffs on all foreign washers, which raised the price of washers in the United States by about 12%. Notably, the price of American-made washers went up even though they weren’t taxed — our companies took advantage of the higher prices of foreign washers to raise their prices and profit margins.

An interesting academic finding from Aaron Flaaen, Ali Hortaçsu, and Felix Tintelnot was that it also made dryers more expensive even though there were no tariffs on dryers, because apparently the structure of the market is such that the prices of these things move in tandem.

Now what did not happen was an explosion of manufacturing jobs in washing machine factories. That doesn’t necessarily mean the policy was a failure per se. It’s possible that absent tariffs, competition from cheaper imports would have driven American factories to reduce production or even close. Beyond that, if profit margins for washer manufacturing remained elevated for a while, we would expect additional capital to flow into the washer manufacturing sector and thus create jobs.

In either case, though, it’s not just that tariffs push up prices but that the putative benefits of tariffs require high prices to work.

Sorry my friend. Had the markets slumped under President Biden had he been doing some of the things we now see to limit spending and
exposing waste and fraud, I would be saying the same things.

As for tariffs, I agree with them and the President. We face restrictive tariffs on products we produce yet barely tax products we import. It just isn't balanced. Some countries don't even allow us to export various goods to their country.

I see it as protecting American workers just like other countries seek to protect their workers. We have lost millions of jobs because it became cheaper to manufacture overseas and export back to the USA rather than produce at home.

I agree it is disruptive, and it won't work in the long run if manufacturing doesn't return to this country. I think it will but it isn't going to happen over a few months. There is going to be some pain involved.

as we all know, that's not an easy feat

Let me ask you Peen, if Musk is really finding all of this "waste and fraud", why is it that they are fighting not to release their actual records in court? Why are they just making claims about what they are doing and not being transparent?

You see, I can't think of a single person that is against finding and cutting waste and fraud. But do you think going into an agency and suddenly writing letters to thousands of employees claiming they aren't doing a good job is the way to do that without it actually being true? Or are you suggesting a bunch of code writers can audit and find actual waste and fraud in a couple of days and conclude that all of these workers aren't doing their jobs?

You're not a dumb man. You know that to go through an actual audit takes time. You know that to actually do the job Musk claims to be doing takes forensic accountants pouring over the books. None of that is happening.

Is cutting of aid to starving children waste and fraud? Is gutting the park service waste and fraud? Is cutting off fresh food from local farmers waste and fraud? You do understand how much that hurts local farmers too don't you?

Several times now they have been in such a rush to cut these jobs that they have mistakenly fired essential workers they have had to try to call back. Why? Because they are not qualified to do the job they claim to be doing. This has all been a cluster fudge.

I'm not quite sure why you would bless this being done in such a manner. Don't you think that in a normal world they would have forensic accountants, you know people who are trained and educated to do this job, doing this job? Because this haphazard and crazy way they have unqualified people doing this isn't how in any way normal people would condone it be done.

Why do you give a process like that the green light? Is it that you don't care if it's being done wrong as long as it's being done? That we have to start somewhere so let's start by doing it wrong?

Do I care....yes...but not so much I would look to stop the process.

The federal government is bloated by thousands of people. Tens of thousands.

Are some good people being let go...I am sure that is happening to some degree. The reality is there isn't time to do a work study on tens of thousands of people. You just have to make your cuts.

I think the Covid work at home deal proves this. I don't care what anybody says, a person working at home doesn't put in the same amount of hours as they would at the office. Productivity has to drop. My guess is by 1/3. If they can get their job done and chop maybe 15-20 hours off the work week, we have too many people on the job.

Keep an eye on Act Blue. It's going to be crazy when that laundering operation comes to light.

Look man, I don't blame you or anyone else for voting for Dems, but your party is looking dirtier and dirtier by the day.

Keep an eye on Hunter. A week or so ago he went before a judge saying he couldn't pay his restitutions because he didn't have the money.

Now he is in S Africa on a 3 month vacation in a hotel where rooms start at $500 a night. Broke people look for the $50 a night hotel. And oddly Zelenskyy has said he is going to visit S. Africa in a week or so....hmmmm

Z says it is to discuss the peace deal between Russia and Ukraine....lol no doubt S Africa has been a big player in this...geesh.

I know you can add.

Here's the bottom line. You don't care if the wrong people are fired. You don't care that instead of actually catting waste and fraud they just cut jobs to cut them. You don't care if they stop sending food to starving children. You don't care of the people doing this have zero experience or are in any way educated to do this job. As long as the process doesn't stop?

Who said anything about stopping the cut of government waste and fraud? The only difference between us is I want it done by people qualified to do the job in the right way and you don't give a damn who does it or how it gets done.




At this point you're so far gone that you're beyond help.

I don’t even know where to begin…

How do you not see they’re making a straw man out of the fed workers? I mean, seriously. Let’s say they fire us all…deficit needle still barely gets moved. The way they are doing it, and the approach to which you just agreed with says that, basically, if you need to lose weight, it’s fine to cut off your leg because there’s probably some fat in there, right? You seem to have the ivory tower issue because you mention things like “I don’t care why people say…” and you have strong opinions, but you have zero idea what it’s like experiencing this from within.

It’s “Boomeritis.” “Yeah, I know we had it easy, and lived through the sharp rise in American economic strength, and then drove it into crippling debt, but this next generation of workers needs to buck up! I’ll sit here and enjoy myself and my now-extinct pension and wag my finger at all these people who are just complaining all the time.”

The funny thing is that the fed employee culling is another distraction in a long line of distractions that 45/47 has thrown out to his constituents. And you guys buy into it ever. single. time. It’s amazing to watch how people will contort themselves into believing something is the right solution because of who came up with it, rather than what it’s actually doing.

Has culling the workforce produced any good results so far? Last I checked, we’re still increasing the deficit. If at the end of all this DOGE business, our deficit and spending still goes up, what would you say then?

There are SO many other areas we should be focusing on. I’ve already named them, but none of them fit the bill of feeding ignorant minds like building up a contorted, false image of a lazy federal employee, all while POTUS spends $3.1M heading back to MaL for what I’m sure will involve plenty of time to golf.

We’ve been tasked with trying to find ways to eliminate employees while the drunk talk show host has said in the same vein that “We need to protect our industry.” So we will be sending more money to the oh-so-efficient contractors like Boeing to keep wasting your money with absolute impunity.

And working from home being less efficient? You don’t care what people say…well maybe that’s the problem. That’s the boomer attitude. Facts and stats be damned. I’m far less efficient now than I ever was during COVID. Takes me half an hour or so just to get through the damn gate at work. Check my laptop outside work hours now? Nope. Can’t telework at all. More focused at the office? Nope. Gotta figure out a way to send in five bullet points per week at work to the right email (because there are two) and phrasing it in such a way that it can’t accumulate into divulgence if classified data. We spend so much time responding to the whimsical nature of this admin that our end users, the warfighters, are far worse off.

My daughter who is a CPA for a major heavy equipment manufacturer still works from home four days a week. She only goes into the office on Mondays. Why? Both their profits and worker efficiency increased when their people started working from home. Some people simply refuse to let facts get in their way.

BTW- Zelenskyy isn't set to visit South Africa until April 10th.

Peen's post is what it looks like when you allow someone else to connect the dots for you.

OK...I said a week or so,. You got me. If that is what you have in reply...cool.

My point still stands.

You didn't make any point.

The funny thing is I wouldn’t even mind going in a couple days a week. What they’re doing now is extremism to diminish morale to try and get us to leave without severance.

Even with the Dow being up almost 650 points on Friday, it was still the worst week in 2 years. And the futures are back down in early futures for tomorrow

I got out of the markets. I want it to go down for a while longer and then buy the dip on the way back up. I'm not sure that will happen though, my financial advisor thinks it's about done with the pullback.

should've just held what you had and stack cash until we get close to whatever the bottom is. we've all been around long enough to see whats gonna happen, whether a few months or few years, the market will rebound.

This has got to be one of the larger collections of falsehoods and overall stupidity that I think I've seen on this site.

You have no idea on who/what the bloat is. Neither does DOGE... if they did, they wouldn't be firing nuclear arsenal personnel and ATC and then scrambling to hire them back.

WFH works for many people and many jobs. Not all. Your assertion here has no basis in fact or even common sense.

I'm not even going to get into the conspiracy theories. Your posts are unreadable right now with the amount of willful ignorance.

Sadly you are correct. It's a shame as I like Peen when he's choosing to engage his brain and have coherent thoughts that aren't spewing the trumptard agenda.

Laughable trumptard post. So you voted for Trump - knew he'd crash the market and sold? Yeah - I believe you 100%. Trumptards gonna Trumptard I guess.

I'm no stock market expert guy... but you either need to be confident jumping in and out of a very volatile market (whiplashing up and down like crazy), or be confident that the stuff that has the markets spooked (tariffs and other shenanigans) is largely over.

The absolute fact is no-one can "time" the markets. Anyone claiming otherwise is lying.

I moved about 20% to safer havens around Feb 1st and when trump started with the EO's and doge, I moved another 50-55% to bonds and cash around mid Feb. So, other than an index fund and a low risk growth fund-I am in safer place.

I would think that it would be very premature to go with what your advisor says about the bottom being close-I don't think we are near a bottom yet-mainly due to what trump does-We don't have the first big jobs report-that comes out early April, we don't have quarterlies from the companies on how the tariffs are affecting forward guidance, we do not have rosy numbers on consumer spending, inflation is not cooling at all and the market had a great run since covid-there is lots of room down.

IIRC, during Trump's last term (before COVID) the markets exhibited similar instability (record dips followed by record gains and so on).

Yes, and in many areas-trump had grown-ups in the room in his first term to move his attention on from the stupid suggestions-He seems to have a bunch of bootlickers who will just keep saying "sounds good boss" to every stupid whim.

I think this round is going to be much more instable-in pretty much every area-including the economy.

lol …you voted to go through this not half of US. Good lord is there nothing that trump puts US through offend you? Geez you Goper’s crack me up.

I didn't say those things, but by all means keep making up BS. Libtards gotta libtard. Pfffft.

Another +400 day so far… and that’s after Trump sent possible Americans and Venezuelans to a mega prison in Nicaragua after invoking war powers… yep, the billionaires cashed the shorts, back to business as normal until they can’t deny the damage Trump and Elon are doing to profits.

today it is about fresh excitement that there will be rate cuts this year because retail sales are falling off and other uncertainly with the tariffs

Why would there be rate cuts with inflation still not totally under control.

Because Trump is tanking the economy.

So far in the month or so that Trump has been in office, the price of gas is at a 4 year low and inflation is down as well. I'm not seeing the economy tank. The market is volatile because of fear and not really any measurable economic factor. People are scared due to the fearmongering by the libtard media about tariffs. But it hasn't tangibly affected anything yet.

In a long list of deflection, denial and just flat out Trumptard stoopid. This one is right there at the top. Congratulations.

flat out wrong-was pricing a project for award and the copper for the feeders went up 18.15% since late January-checked a couple hours later to try and lock in a buy and the price went up a little more-checked with the sales rep and she said everything is going thru the roof right now-there is so much uncertainty right now-went out to 4 other reps and prices were all higher-one of the reps stopped in this morning and said there is nothing they can do-it is another cluster with the tariffs-

the large rooftop unit that another trade is providing is coming from Canada-They are trying to see how much delay and cost are going to be added

Tell the markets.

We're getting a fence put in and every vendor we got a quote from had increased prices related to the tariffs.