US Stock Market

[nodegree]

Trump is Trump but I see a remarkable shift in the perspectives of the other countries. During the first term T tariff threats were considered to be empty threats with the end-game of making deals (which could have been done more amicably anyways without the threats). But now, everyone knows T is a bully in bad faith and no one wants to negotiate with him. So, the trade war is in full swing.

There are no winners in Tariffs. One cannot compare India's import taxes on Benz cars to tariffs on everyday items consumed by average Americans Tariffs started the great depression about a hundred years ago. Maybe Trump wants to be part of two 100-year events to etch his name forever in history books, pandemic and a great depression!

Not sure what Ruchir means by recent govt spending. If he is referring to govt hiring, it must be based on easily debunked fake news that Biden increased the federal workforce by 50% when in fact it was by 5%. https://www.statesman.com/story/news/po ... 187967007/

I am pretty sure that laying off thousands of government employees and passing the savings on to millionaire as tax cuts, would definitely hurt the average American looking for services from the govt. What T is doing has to be undone and will be by someone else and it's going to cost hell a lot more. Imagine reacquiring federal building sold to Trump org. Raegan fired 11k air-traffic controllers back in 1981 and we are still playing catch-up!

I watched the interview and I don't think Ruchir blamed it solely on the Biden administration. He blamed recent administrations (my understanding is likely since 2017 or even 2013) for running up the deficits so high. Obviously the current Debt to GDP ratio of over 120% is just not sustainable.

There's nothing in the video that suggests that Ruchir is NOT a right leaning economist. There's nothing other than indiscriminate layoffs that T has done to reduce deficits that Ruchir was going ga-ga over it. This is why I am guessing that he was alluding to the staff reduction - even if the entire federal workforce is laid off it would be a drop in the bucket!

If Ruchir were non-partisan and actually concerned about the deficits, he should have at least brought up the tax cuts that are going to be passed as if it costs nothing while in fact it would add at least $4 Trillion to the deficits!
https://www.politico.com/live-updates/2 ... e-00230023

I’ve been reading Ruchir’s articles on FT for many years and I don’t think he’s a Trump loving right winger. He’s been sounding off on deficit spending for many years now.

If you read his past articles on FT he’s quite critical of TCJA when deficit is running high.

[SAPPORO]

I watched the interview and I don't think Ruchir blamed it solely on the Biden administration. He blamed recent administrations (my understanding is likely since 2017 or even 2013) for running up the deficits so high. Obviously the current Debt to GDP ratio of over 120% is just not sustainable.

There's nothing in the video that suggests that Ruchir is NOT a right leaning economist. There's nothing other than indiscriminate layoffs that T has done to reduce deficits that Ruchir was going ga-ga over it. This is why I am guessing that he was alluding to the staff reduction - even if the entire federal workforce is laid off it would be a drop in the bucket!

If Ruchir were non-partisan and actually concerned about the deficits, he should have at least brought up the tax cuts that are going to be passed as if it costs nothing while in fact it would add at least $4 Trillion to the deficits!
https://www.politico.com/live-updates/2 ... e-00230023

I’ve been reading Ruchir’s articles on FT for many years and I don’t think he’s a Trump loving right winger. He’s been sounding off on deficit spending for many years now.

If you read his past articles on FT he’s quite critical of TCJA when deficit is running high.

Oh - 2017, good old days, when there were still talks of Freedom caucus and GOP deficit hawks. Everyone has drastically changed their tunes now since no one thought Trump could win and he did, and he knows best.
Ruchir may not be a politician, but his management education should be telling him "if you can't beat 'em, join 'em"!

[nodegree]

There's nothing in the video that suggests that Ruchir is NOT a right leaning economist. There's nothing other than indiscriminate layoffs that T has done to reduce deficits that Ruchir was going ga-ga over it. This is why I am guessing that he was alluding to the staff reduction - even if the entire federal workforce is laid off it would be a drop in the bucket!

If Ruchir were non-partisan and actually concerned about the deficits, he should have at least brought up the tax cuts that are going to be passed as if it costs nothing while in fact it would add at least $4 Trillion to the deficits!
https://www.politico.com/live-updates/2 ... e-00230023

I’ve been reading Ruchir’s articles on FT for many years and I don’t think he’s a Trump loving right winger. He’s been sounding off on deficit spending for many years now.

If you read his past articles on FT he’s quite critical of TCJA when deficit is running high.

Oh - 2017, good old days, when there were still talks of Freedom caucus and GOP deficit hawks. Everyone has drastically changed their tunes now since no one thought Trump could win and he did, and he knows best.
Ruchir may not be a politician, but his management education should be telling him "if you can't beat 'em, join 'em"!

In Ruchir's defense - he always thought it's Trump's election to lose in 2024.

Look, even mainstream Dems agree that deficit should be reined in and the current rate of debt just cannot be sustained. Question is how you do it? Cut entitlements? Cut defense? Raise taxes? I think raising taxes is the most sensible thing to do especially after 20 years of low taxation - but we got the GOP in power so here we are. Bush thought he could cut Social Security when he won the second term and it led to the most epic drubbing of his party in '06 midterms.

[SAPPORO]

Gosh - Tesla was counting on one thing - monopoly on fast chargers and now this!

https://www.cnbc.com/2025/03/18/byd-sha ... ology.html

Fast chargers should be available in Walmart soon.

[JINSAKAI]

Gosh - Tesla was counting on one thing - monopoly on fast chargers and now this!

https://www.cnbc.com/2025/03/18/byd-sha ... ology.html

Fast chargers should be available in Walmart soon.

Looks Prof Damodann would further reduce his valuation of TSLA

[old-spice2]

In 70s and 80s West pushed globalization to developing countries hoping to expand the market for their goods. They thought they will hold tech dominance, produce and sell goods to Third World. They did not expect Asian Tigers to ramp up their educational levels, become innovative and beat them in tech race all at a much lower cost. This led to export of manufacturing to East Asia and Services to India. The middle class in West got screwed from both sides. College and healthcare costs went up but jobs/wages declined. Top 10% got richer with higher stock price but everyone else got shafted. To add insult to injury Third World country people started emigrating in large numbers to steal whatever few jobs were left. No wonder there is a backlash as it is a matter of survival for them.

Like Indians whites cannot get out of America to some lower cost country, at least not the majority who have family ties. China is now making most of the stuff better and at lower cost compared to West. In EV China has around 90% market share and for EV batteries and solar panels they have full domination. It is just a matter of time when Chinese will make better fighter jets and aircraft carriers/submarines.

[JINSAKAI]

Jay Jay Shiv Shankar

[SAPPORO]

Low volumes - wait and watch approach and not sure when the bottom is going to fall out.

[SAPPORO]

Horrible delivery report but TSLA is up based on the rumor that Musk is "getting out of dodge" of DOGE! But I doubt this can redeem his reputation and resurrect his sales and the stock.

[mcr]

Horrible delivery report but TSLA is up based on the rumor that Musk is "getting out of dodge" of DOGE! But I doubt this can redeem his reputation and resurrect his sales and the stock.

Musk may get out of DOGE, but will he get out of Trump's orbit is the question. As long as he keeps inserting himself in the right wing politics I think EV car loving liberals around the world are going to hate him. Another leftist slowly drifting towards MAGA world is Bill Maher. I watch his real time show on You Tube every weekend and I always felt he was a sane voice among the progressives. But off late he seems to be fed up with far left politics and has softened his views on Trump and right in general. I read that he even had dinner with Trump along with Kid Rock recently at the white house. He may do his next show wearing a MAGA hat!