President Trump

NEW -> Contingent Buyer Assistance Program
So much of home price appreciation is simply inflation.

Compare

*real* (i.e. number minus inflation) residential property prices: https://fred.stlouisfed.org/graph/?g=n8TX

vs

*nominal* (i.e. just the number) residential property prices: https://fred.stlouisfed.org/series/QUSN628BIS

For the government to inflate the price of houses AND take a portion of the gain due to inflation they created seems immoral.

The $250k/$500k exemption is nice. It's a great start and probably covers a large portion of people when they have a gain on the sale of their primary residence. Exempting all of the gain that was due to inflation would be fair imo. Plus a bit more, because who doesn't like tax free gains, amirite?

It's fun to cheerlead for rising house prices, but when your house goes up 20% and so does your neighbors', it's not actually much to be excited about. Neither has made any progress. But you know who is excited about that? The county, because their property tax receipts go up. Banks obviously have no objection because higher prices mean higher mortgages and interest payments. State + Fed government don't mind because it can be a payday for them when you sell. Agents and brokers are happy to help sellers realize tax free gains (and a 4-5% transaction cost). I don't mean to be so cynical here, but I could understand if people pointed to this and felt like they were being fleeced.
 
Hope he does…there’s gonna be no meat there for you…sorry. Those files have been in the hands of Biden/Obama for years now. Do you really think if there’s anything incriminating in them? they would have released them themselves gleefully? The truth probably is Epstein was an mossad asset and both sides are too embarrassed to admit it.🤦🏽‍♂️😂😂😂
 
So much winning!!!!…Tariffs have always been a blunt tool to negotiate a better deal….EU caved!!!!👍🏽😂😂😂🇺🇸

Eurocrats Lament ‘Juggernaut Trump’ Rolled Brussels in ‘Disaster’ Trade Deal

Brussels blinked, and the EU leadership had been utterly routed by President Donald Trump and his White House.

Threats of counter tariffs and “trade bazookas” ultimately came to nought on Sunday as a noticeably dispirited EU chief Ursula von der Leyen sat beside President Trump at his Turnberry golf resort in Scotland to announce the agreement, which saw Europe commit to purchasing $750 billion in American energy, invest a further $600 billion in U.S. based businesses, and spend “hundreds of billions of dollars” on military equipment.

Although the bloc avoided the threatened 30 per cent tariffs floated by President Trump, in backing down, the EU will still face a baseline tariff of 15 per cent, including on automobiles, and a 50 per cent duty on steel and aluminum. While von der Leyen attempted to cast agreement as a “good deal”, it quickly became apparent that the EU had crumbled in the face of Trump’s hardline tactics and that the U.S. had come out on top of the negotiations which, to add insult to injury, had been concluded in Brexit Britain at Trump’s own Turnberry golf course.

In an apparent recognition of the lack of concessions gained by her side in the months of talks, the EU chief said: “The starting point was an imbalance, a surplus on our side and a deficit on the U.S. side, and we wanted to rebalance the trade relation, and we wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow between us.”

Others were much less flattering about the outcome for Europe. The EU Parliament’s former Brexit coordinator and ex-Belgian Prime Minister Guy Verhofstadt raged that “the EU-US deal is scandalous… a disaster…with not one concession from the American side…badly negotiated.”

https://europeanconservative.com/ar...r-leyen-for-breakfast-eu-caves-on-trade-deal/
 

​

May 1, 2025
irvinehomeowner said:
I'm not doubting your career. I'm doubting you actually think tariffs are not affecting the market.

Every other economist knows the truth.
Click to expand...
Economists have accurately predicted 15 out of the last 4 recessions…Reread what I wrote. Tariffs may be used as the excuse but the cause is as I outlined. In the end all these countries will cave, including Jina…load up like I told you on the pullback and any others in the near future…by the end of the year you (and I) will be richer…easy money and I won’t even charge you for that… 💰

————————————————————————————————————————————————————

I know, I know…how do I do it?…a little common sense and not overcomplicating understanding the problem and solutions…no black boxes.
 
As I said lower inputs allowed companies to absorb the price increases and tamp down inflation. Energy and taxes helped localize the pain to corporate books and less on the consumer. The “experts “ were wrong…again.😂😂😂👍🏽🇺🇸

What the world got wrong about tariffs

At the beginning of the year, the world was in striking agreement on one point: if Donald Trump went ahead with tariffs, it would strengthen the dollar and trigger stagflation. Chief executives, investors and commentators all said the same. Economists estimated that every percentage point increase in the tariff rate would shave 0.1 per cent off US growth and add 0.1 per cent to inflation. But so far, the consequences have been far less disruptive than just about anyone expected.

The likely answer is that the negative economic effect of tariffs is being countered by other forces, including the mania for artificial intelligence and more government stimulus.

Is the US really enjoying a free lunch, taking in $300bn a year in tariff revenues with none of the expected heartburn? By some estimates, foreign exporters are indeed absorbing 20 per cent of the costs — a much larger share than they did in response to tariffs in Trump’s first term. The remaining 80 per cent, however, is still getting paid in roughly equal shares by US corporations and consumers.

Yet the overall inflation rate has been held in check by falling rents and prices for other kinds of goods, including used cars and energy.

What the world got wrong, then and now, starts with its mental frameworks. The timeworn mistake of employing simple models, in which a headline-grabbing input A leads in a straight line to outcome B, has been greatly magnified by the global obsession with Trump. He is the only input anyone cares to analyse anymore. But complex economies are rarely shaped by just one factor, not even a shock as big as Trump’s tariffs.

https://www.ft.com/content/bb355162...egmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9
 

Scientist and green-card holder detained at SFO for more than a week, lawyer says​

A Texas Lyme-disease researcher who came to the U.S. from South Korea at age 5 and is a longtime legal permanent resident was detained at San Francisco International Airport for a week, according to his lawyer.

Tae Heung “Will” Kim, 40, was returning from his brother’s wedding in South Korea on July 21 when he was pulled out of secondary screening for unknown reasons, said Eric Lee, an attorney who says he’s been unable to talk with his client.
Kim has misdemeanor marijuana possession charges from 2011 on his record

www.latimes.com

Scientist and green-card holder detained at SFO for more than a week, lawyer says

A Texas Lyme disease researcher faces deportation after being detained in San Francisco after returning from his brother's wedding in South Korea.
www.latimes.com www.latimes.com




If you’re a green card holder and ever got caught smoking pot, you better not leave the country. There have been so many stories like this one. How is it beneficial to lock up working fathers of American children? Besides the emotional trauma it causes, it’s certainly not economically efficient for taxpayers.

www.thedailybeast.com

MAGA Dad Gets Green Card Revoked Despite Backing Trump

The distraught dad, who has lived in the U.S. since he was a toddler, said his “life has been disregarded completely.”
www.thedailybeast.com www.thedailybeast.com
View attachment 10482
 
But, but, but…the Nobel prize economists said…Idjuts!!...🤦🏽‍♂️😂😂😂😂👍🏽🇺🇸

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit

· Gross domestic product jumped 3% for the second quarter, better than the 2.3% estimate and reversing a 0.5% decline in the prior period.

· Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period.

· While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1.

· President Donald Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.

https://www.cnbc.com/2025/07/30/gdp-q2-2025-.html

16 Nobel Prize-winning economists say Trump policies will fuel inflation

"We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy."

The letter was signed by prominent economists including Joseph Stiglitz, who won the Nobel prize for economics in 2001, and Sir Angus Deaton, an economic Nobel laureate in 2015.

16 Nobel Prize-winning economists say Trump policies will fuel inflation | Reuters

Nobel Laureates Join 900 U.S. Economists in Rebuke of Trump’s Tariff Policy

In the declaration, titled the “Anti-Tariff Statement,” Nobel laureates James Heckman and Vernon Smith, along with hundreds of scholars and researchers, criticize the notion that tariffs promote “economic liberation.” Instead, they argue that tariffs undermine the liberal economic principles that fueled decades of American prosperity.

“Those advocating tariffs may portray them as tools of economic freedom, but in reality, they overturn the very liberal principles that have underpinned the prosperity led by the United States,” the letter reads. “The current administration’s tariff policy stems from a fundamental misunderstanding of the economic conditions faced by everyday Americans.” The economists warn that ordinary American workers will ultimately pay the price in the form of rising inflation and heightened risk of economic slowdown. They also sharply criticize the principle of “reciprocal tariffs” applied indiscriminately to most countries.

Nobel Laureates Join 900 U.S. Economists in Rebuke of Trump’s Tariff Policy | The Economy
 
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