Tariff Man and his tariff plan cause market plunges

[HDGristle]

They did flip back and closed a whisker up to end the day.

[Green_Mountain]

Oh no. Another blow to our TDS folks and tariff fearful. How can this be?

“U.S. manufacturing may add 3.8M jobs by 2033 per FORTUNE.

Context: That would be 4x more than the 1M added from 2013–2023, and a sharp reversal from the 5.8M lost in 2000s.

Challenge: Up to 2m jobs could go unfilled due to skills gaps. Thus the policy push for trades and investment in trade schools.”

[Green_Mountain]

Dow +.08%
S&P +0.41%
Nas +0.67%

Markets up nicely, shrug off any tariff related fear. But as we know many, many variables in play daily and not just tariffs.

[HDGristle]

Originally Posted by Green_Mountain

Oh no. Another blow to our TDS folks and tariff fearful. How can this be?

“U.S. manufacturing may add 3.8M jobs by 2033 per FORTUNE.

Context: That would be 4x more than the 1M added from 2013–2023, and a sharp reversal from the 5.8M lost in 2000s.

Challenge: Up to 2m jobs could go unfilled due to skills gaps. Thus the policy push for trades and investment in trade schools.”

Wells Fargo disagreed heavily on those manufacturing jobs. But I do love me a good Fortune article, so thank you

Also, let's remember that you're cheering on the backup to the backup to the backup plan after TACO Don backtracked, flipped and flopped.

The markets soundly rejected his OG plan

[bambino]

https://t.me/GarrettZ/15409

It’s pretty simple

[HDGristle]

That like the 6th conflicting vision for his tariffs that can't all be true at the same time

[HDGristle]

OECD report has downgraded is outlook

https://www.cnn.com/2025/06/03/econo...p-tariffs-intl

[HDGristle]

I been saying it quite awhile... this is delicious validation

https://finance.yahoo.com/news/trump...160223034.html

[lustylad]

Poor Mr. Gristle. He must be feeling torn and conflicted.

On the one hand, he wants the stock market to go up, so his 401(k) will grow.

On the other hand, he wants the market to go down, so he can claim it provides "delicious validation" to his critiques of everything trumpy does.

Which of Mr. Gristle's two deeply conflicting cravings is stronger?

[bambino]

Originally Posted by lustylad

Poor Mr. Gristle. He must be feeling torn and conflicted.

On the one hand, he wants the stock market to go up, so his 401(k) will grow.

On the other hand, he wants the market to go down, so he can claim it provides "delicious validation" to his critiques of everything trumpy does.

Which of Mr. Gristle's two deeply conflicting cravings is stronger?

Validation

[HDGristle]

I have a wide array of investments AND validation.

Best of both worlds

[Clit Eastwood]

Originally Posted by Jacuzzme

If what they want to do is actually something that can be accomplished, I’m down for some temporary pain if it eventually abolishes the income tax.

Error in math error in judgement and clear lack of understanding. Taxes and income tax together are what makes a country functioned unlike Sudan or Haiti for example. Stop all taxes tomorrow and within 3 months everything will collapse around you. You wouldn't last 1 month in a country like that. If you can't wrap your head around this then simply imagine you have no revenue no paycheck and try to survive like that.


If you think that Trump is in your corner, then you live on another planet. This guy does not care one second for you what so ever. He cares if you buy his shit (all made in China by the way) or his crypto!

[Green_Mountain]

I have some wonderful snippets to report on 47s strategic tariff strategy.

- Federal judge drops California's lawsuit against President Trump's tariffs
- US collected a record-breaking $22.3 billion in tariff revenue in May
- 47 and Xi likely to speak this week

[bambino]

Originally Posted by Clit Eastwood

Error in math error in judgement and clear lack of understanding. Taxes and income tax together are what makes a country functioned unlike Sudan or Haiti for example. Stop all taxes tomorrow and within 3 months everything will collapse around you. You wouldn't last 1 month in a country like that. If you can't wrap your head around this then simply imagine you have no revenue no paycheck and try to survive like that.


If you think that Trump is in your corner, then you live on another planet. This guy does not care one second for you what so ever. He cares if you buy his shit (all made in China by the way) or his crypto!

The Fed can print money into infinity and they’re certainly trying. Why tax our worthless money when they just print it. Our taxes clearly aren’t keeping our balance sheet level. So what’s the use?

[HDGristle]

Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump's tariff turmoil weighs on expectations.

The U.S. growth outlook was downwardly revised to just 1.6% this year and 1.5% in 2026. In March, the OECD was still expecting a 2.2% expansion in 2025.

The fallout from Trump's tariff policy, elevated economic policy uncertainty, a slowdown of net immigration and a smaller federal workforce were cited as reasons for the latest downgrade.

Global growth, meanwhile, is also expected to be lower than previously forecast, with the OECD saying that "the slowdown is concentrated in the United States, Canada and Mexico," while other economies are projected to see smaller downward revisions.

"Global GDP growth is projected to slow from 3.3% in 2024 to 2.9% this year and in 2026 ... on the technical assumption that tariff rates as of mid-May are sustained despite ongoing legal challenges," the OECD said.

It had previously forecast global growth of 3.1% this year and 3% in 2026.

Oof