Rich Laux
@brindled-trader72.bsky.social
Arm chair economist, part-time day trader, former small business owner.
Hmmm, this seems counterintuitive to any economics book I've ever read? I hear the goal is "Economic Realingment," well I say call it what it is on TV, stop bullshitting people by saying it's a tax cut.
Literally “up is down”
Peter Navarro goes full Orwell on Fox News Sunday: "The message is that tariffs are tax cuts."
March 30, 2025 at 4:34 PM
Hmmm, this seems counterintuitive to any economics book I've ever read? I hear the goal is "Economic Realingment," well I say call it what it is on TV, stop bullshitting people by saying it's a tax cut.
Reposted by Rich Laux
So we could lose $200B in tourism, $100B in immigrants paying taxes, $100B in weapons manufacturing, $500B in lost tax revenue from firing IRS employees… is it sinking in yet?
International tourism is worth $200 billion every year to the US economy.
Sorry, *was.
Sorry, *was.
March 29, 2025 at 11:20 PM
So we could lose $200B in tourism, $100B in immigrants paying taxes, $100B in weapons manufacturing, $500B in lost tax revenue from firing IRS employees… is it sinking in yet?
Reposted by Rich Laux
With 25% auto tariffs:
*Motor vehicle prices rise by 13.5% on average, the equivalent of an additional $6,400 to the price of an average new 2024 car.
*The price level rises by 0.3-0.4%, the equivalent of an average per household consumer loss of $500 - 600 in 2024$.
—Yale Budget Lab
*Motor vehicle prices rise by 13.5% on average, the equivalent of an additional $6,400 to the price of an average new 2024 car.
*The price level rises by 0.3-0.4%, the equivalent of an average per household consumer loss of $500 - 600 in 2024$.
—Yale Budget Lab
March 29, 2025 at 9:10 PM
With 25% auto tariffs:
*Motor vehicle prices rise by 13.5% on average, the equivalent of an additional $6,400 to the price of an average new 2024 car.
*The price level rises by 0.3-0.4%, the equivalent of an average per household consumer loss of $500 - 600 in 2024$.
—Yale Budget Lab
*Motor vehicle prices rise by 13.5% on average, the equivalent of an additional $6,400 to the price of an average new 2024 car.
*The price level rises by 0.3-0.4%, the equivalent of an average per household consumer loss of $500 - 600 in 2024$.
—Yale Budget Lab
Reposted by Rich Laux
Despite their pathetic attempts, there is no way to spin this breach of our national security. 9/11 is coming.
www.theatlantic.com/politics/arc...
www.theatlantic.com/politics/arc...
The Trump Administration Accidentally Texted Me Its War Plans
U.S. national-security leaders included me in a group chat about upcoming military strikes in Yemen. I didn’t think it could be real. Then the bombs started falling.
www.theatlantic.com
March 25, 2025 at 9:01 PM
Despite their pathetic attempts, there is no way to spin this breach of our national security. 9/11 is coming.
www.theatlantic.com/politics/arc...
www.theatlantic.com/politics/arc...
Reposted by Rich Laux
One question investors and all Americans have to ask is whether the administration is willing to risk recession to effect the kind of economic change they believe is warranted. I think their lack of concern with the large stock market losses could be a proxy for their lack
of concern on the economy.
of concern on the economy.
March 13, 2025 at 6:41 PM
One question investors and all Americans have to ask is whether the administration is willing to risk recession to effect the kind of economic change they believe is warranted. I think their lack of concern with the large stock market losses could be a proxy for their lack
of concern on the economy.
of concern on the economy.
Reposted by Rich Laux
💯 RFK Jr. approved!
March 13, 2025 at 3:15 AM
💯 RFK Jr. approved!
Reposted by Rich Laux
For the first time in 10 years, a child has died from measles in the United States.
Vaccines prevent measles.
Americans need to hear our top health officials say clearly: every child in America should get vaccinated against this terrible disease.
Vaccines prevent measles.
Americans need to hear our top health officials say clearly: every child in America should get vaccinated against this terrible disease.
March 11, 2025 at 6:02 PM
For the first time in 10 years, a child has died from measles in the United States.
Vaccines prevent measles.
Americans need to hear our top health officials say clearly: every child in America should get vaccinated against this terrible disease.
Vaccines prevent measles.
Americans need to hear our top health officials say clearly: every child in America should get vaccinated against this terrible disease.
Reposted by Rich Laux
•••••BREAKING•••••
The measles outbreak in western Texas is rapidly growing, with 25 new cases confirmed in just the last five days. In West Texas alone, there are now a total of 223 confirmed cases, according to new data released by the Texas Department of State Health Services (DSHS).
Watch..
The measles outbreak in western Texas is rapidly growing, with 25 new cases confirmed in just the last five days. In West Texas alone, there are now a total of 223 confirmed cases, according to new data released by the Texas Department of State Health Services (DSHS).
Watch..
March 11, 2025 at 4:50 PM
•••••BREAKING•••••
The measles outbreak in western Texas is rapidly growing, with 25 new cases confirmed in just the last five days. In West Texas alone, there are now a total of 223 confirmed cases, according to new data released by the Texas Department of State Health Services (DSHS).
Watch..
The measles outbreak in western Texas is rapidly growing, with 25 new cases confirmed in just the last five days. In West Texas alone, there are now a total of 223 confirmed cases, according to new data released by the Texas Department of State Health Services (DSHS).
Watch..
Reposted by Rich Laux
Welcome to the trade war. Unambiguously started by the United States. This is why you can’t bank on the Fed coming to the rescue. It has no idea when the tariff wars end and when and how they will impact prices.
March 11, 2025 at 2:44 PM
Welcome to the trade war. Unambiguously started by the United States. This is why you can’t bank on the Fed coming to the rescue. It has no idea when the tariff wars end and when and how they will impact prices.
Reposted by Rich Laux
I think it’s wrong to think of the problem with tariffs as the lack of clarity in the policy. That’s just a part of it. The real problem w/ tariffs is that widespread and high tariffs are bad economic policy. Clarity on what a bad policy will be doesn’t make the policy good.
March 10, 2025 at 3:11 PM
I think it’s wrong to think of the problem with tariffs as the lack of clarity in the policy. That’s just a part of it. The real problem w/ tariffs is that widespread and high tariffs are bad economic policy. Clarity on what a bad policy will be doesn’t make the policy good.
Reposted by Rich Laux
NY FED SURVEY: share of households who expect to be better off in a year:
(biggest month-over-month drop since May 2022.) 🇺🇸
@nicktimiraos.bsky.social
(biggest month-over-month drop since May 2022.) 🇺🇸
@nicktimiraos.bsky.social
March 10, 2025 at 7:29 PM
NY FED SURVEY: share of households who expect to be better off in a year:
(biggest month-over-month drop since May 2022.) 🇺🇸
@nicktimiraos.bsky.social
(biggest month-over-month drop since May 2022.) 🇺🇸
@nicktimiraos.bsky.social
Reposted by Rich Laux
For two years, US stocks went virtually straight up. In a matter of weeks, that’s been turned upside down, and as the equities selloff intensifies Wall Street is wondering where it stops
Stock Rout Picks Up Steam With Recession Warnings Blaring
For two years, US stocks went virtually straight up. In a matter of weeks, that’s been turned upside down, and as the equities selloff intensifies Wall Street is wondering where it stops.
www.bloomberg.com
March 10, 2025 at 3:37 PM
For two years, US stocks went virtually straight up. In a matter of weeks, that’s been turned upside down, and as the equities selloff intensifies Wall Street is wondering where it stops
Reposted by Rich Laux
Fed Chair Powell stresses patience on rate cuts, policy uncertainty: 'We do not need to be in a hurry'
finance.yahoo.com/news/fed-cha...
finance.yahoo.com/news/fed-cha...
March 7, 2025 at 6:25 PM
Fed Chair Powell stresses patience on rate cuts, policy uncertainty: 'We do not need to be in a hurry'
finance.yahoo.com/news/fed-cha...
finance.yahoo.com/news/fed-cha...
Reposted by Rich Laux
Trump on his crypto reserve: "This will be a virtual Fort Knox for digital gold."
(But I thought Fort Knox no longer had any gold? Hard to keep up.)
(But I thought Fort Knox no longer had any gold? Hard to keep up.)
March 7, 2025 at 8:54 PM
Trump on his crypto reserve: "This will be a virtual Fort Knox for digital gold."
(But I thought Fort Knox no longer had any gold? Hard to keep up.)
(But I thought Fort Knox no longer had any gold? Hard to keep up.)
Reposted by Rich Laux
🎙 China has set ambitious growth goals for its economy despite a crippling property crisis, mounting debt, weak consumer spending — and a trade war with the US.
What's behind Beijing's plan? Find out on the Big Take Asia podcast: link.podtrac.com/73kxj8my
What's behind Beijing's plan? Find out on the Big Take Asia podcast: link.podtrac.com/73kxj8my
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifti...
link.podtrac.com
March 7, 2025 at 6:54 AM
🎙 China has set ambitious growth goals for its economy despite a crippling property crisis, mounting debt, weak consumer spending — and a trade war with the US.
What's behind Beijing's plan? Find out on the Big Take Asia podcast: link.podtrac.com/73kxj8my
What's behind Beijing's plan? Find out on the Big Take Asia podcast: link.podtrac.com/73kxj8my
Reposted by Rich Laux
China’s top diplomat, Wang Yi, vowed that Beijing would firmly retaliate against the U.S. if it escalated the trade war with more tariffs, striking a tough note despite the country’s economic challenges.
China Says It Will ‘Resolutely Counter’ U.S. Tariff Pressure
China’s top foreign affairs official, Wang Yi, accused the United States of being ‘two-faced’ in its approach to Beijing.
www.nytimes.com
March 7, 2025 at 7:00 AM
China’s top diplomat, Wang Yi, vowed that Beijing would firmly retaliate against the U.S. if it escalated the trade war with more tariffs, striking a tough note despite the country’s economic challenges.
How high can gold go this year? Anyone else using gold futures in their investments to diversify? Or what else has been good for your diversification?
March 7, 2025 at 1:07 PM
How high can gold go this year? Anyone else using gold futures in their investments to diversify? Or what else has been good for your diversification?
