The question was framed as suggesting we are doing NK and Iran some favor. While we import nothing from penguins I also don’t know that we really Import anything from NK or Iran and they have tons of sanctions so there really aren’t any favors being done. Trust me I’m not supporting Trump in this but why reach for some other crazy idea when the main deal is issue enough.
Thought there is Fed will need to drop rates which will spur housing sales and home remodels. Home builders were up today also as rates tic down.
People lost a good chunk of their down payment or reserve money the last two days. And many more are in import or export jobs and have no idea what idiotic move we will make next. I would be shocked if Home Depot does well under this environment for long. And that’s the point people generally (not you specifically) are missing. If US businesses (and consumers) have zero idea what their business environment will be from day to day, they aren’t going to hire, expand, spend, they may even cut back to give themselves more buffer. In two months the executive branch has wrecked the confidence of relative stability that has existed for 250 years. This is going to last through this administration at a minimum, and if the behavior is normalized (like so much lunacy has been in the last 10 years), it’s a permanent drag on the economy.
It would be interesting to know how much HD can eat on price increases vs. how much they will pass on. But yeah, almost all of their products are going to be tariffed, so hard to see how this doesn't hurt them. To be fair, their "increase" was extremely small. It is just interesting given how badly the markets smashed everybody else.
Agree, but I’m saying beyond that, when your nest egg starts to get eaten away or you’re worried about your job, you are less likely to spend on “nice to haves” like home remodels or large outlays like new homes. JPM raised their recession risk to 60 percent today https://www.reuters.com/markets/jpm...on-odds-60-us-tariffs-stoke-fears-2025-04-04/
Lol! So, for long time readers of the thread, it has been pointed out that the formula they used is complete nonsense based on one of the most ridiculous and empirically false assumptions ever made in an economic theory (at least, quite possibly, the most consequential one). But, it turns out, they didn't even do their dubious calculations correctly. They assumed that the elasticity to import prices is 0.25. But the research they cited actually pointed out that it is 0.945. As such, because this term is in the denominator, they inflated their stupid estimate by almost 4x. https://www.aei.org/economics/presi...no-economic-sense-its-also-based-on-an-error/
That's sucks a little, but I can't sell any until next year anyway. Maybe will have a R revolt by then.
Drop rates while inflation rises? You go to Trump school of economics? Another stupid belief with no basis in reality
Trumps a POS and dumb as a box of hammers, but you would have to show this as a percentage and not points. Interesting that none of those are Biden.
That's a terrible way of measuring it. Percentage wise he has the 2nd, 5th and 13th worst days, all in 2020.
