"Disaster From Day One" Daily Economic Damage Report

[usonian]

Last edited Wed Mar 12, 2025, 11:44 AM - Edit history (56)

2025
• Wed. Mar 12, DOW has lost 6 months of gains. down 400 plus as I type this. Lower Prices on Day 1? Stock Prices, for sure.
• Tue, Mar 11, Yikes, even thrift store prices have exploded. There is no refuge from the destruction.
• Mon, Mar 10, More stock market crashing. Eggs in rural CA are about $1 each in small grocery stores. [28]
• Sun, Mar 09, The US economy is heading for recession [27]
• Sat, Mar 08, A classic New York cheap breakfast hits $8 on steep eggs prices ( actually, $5.75 to $7.75). Do you remember when it was Joe's fault? F maga blockheads. [26]
• Fri, Mar 07, Trump's new sovereign wealth fund will bail out Venture Capitalists, at your expense. [25] Nasty stuff!
• Thu, Mar 06, New U.S. Tariffs Will Impact Consoles, GPUs, and Physical Games, Say Analysts [24]
• Wed, Mar 05, US pump prices set to climb as new Trump tariffs kick in. FAFO, suckers
https://www.democraticunderground.com/100219770873 (FAFO)
• Tue, Mar 04, "Crypto Reserve" will pump real money into fake crypto to enrich crypto whale investors.[22]
• SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme [23]
• Mon, Mar 03, DOW drops 800 points as investors show what they think of upcoming tariffs, Bitcoin prices have been tanking, dropping more than 25% since the previous all-time high price, which was set on January 20. Trump plans to bail out bitcoin, at public expense. AFAICT [21]
• Sun, Mar 02, Cornell is pausing hiring, chiefly due to the potential for deep cuts in federal research funding. [20]
• Sat, Mar 01, The first quarter is on track for negative GDP growth, Atlanta Fed indicator says.📉 [19]
• Fri, Feb 28, US Consumers Cut Spending In January More Drastically Than At Any Point In The Last Four Years [18]
• Thu, Feb 27, Coffee Prices Are at a 50-Year High. Hint: " etamilc egnahc" https://archive.ph/PKjhx#selection-717.0-717.36
• Wed. Feb 26, The pace of hiring has slowed to levels last seen shortly after the Great Recession. [17]
• Tue, Feb 25, U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, Denny's adding surcharge to eggs (Remember when it was Joe's fault?).
• Mon, Feb 24, JoAnn shuttering stores in this "booming" economy.
• Sun, Feb 23, Trump will kill CHIPS Act by gutting NIST employees [16] PLEASE READ. THIS IS BONKERS DUMBASS.
• Sat, Feb 22, Acer Laptop prices in the U.S. are set to rise by 10% from March 2025, commented CEO Jason Chen in an interview with The Telegraph. Chen states that the price hike is a direct result of the Trump administration's incoming tariffs.
• Fri, Feb 21, Dow Tumbles as Inflation and Tariff Fears Mount.
• Thu, Feb 20, 2025, Walmart shares dropped more than 6%. The Conference Board said its Leading Economic Index "unexpectedly" contracted in January.
• Wed, Feb 19, 2025, Tariffs on semiconductor chips and pharmaceuticals set to start at 25% (Tue) No timeline given, so the bidding/bribery war can continue indefinitely.
• Tue, Feb 18, 2025, Surprise! Target is being sued by shareholders who lost lots of money when Target abandoned Pride. [15]
• Mon, Feb 17, 2025, Record January heat suggests La Niña may be losing its ability to keep global warming in check [14]
• Sun, Feb 16, 2025, Biden's extension of FEMA disaster aid to Georgia axed. Gov. Kemp reportedly said "Thank you sir. May I have another?".
• Sat, Feb 15, 2025, thousands of jobs trashed.
• Fri, Feb 14, 2025, (Reuters) - U.S. retail sales dropped by the most in nearly two years in January. [13]
• Thu, Feb 13, 2025, JOANN Closing 500 Stores.
• Wed, Feb 12, 2025, Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an annual inflation rate of 3% for the 12 months that ended in January. (CNN)
• Tue, Feb 11, 2025, The dismantling of USAID is having an immediate and significantly negative impact on American farmers, most of whom supported Trump for president. [11] FAFO, Farmers (new FAFO flag coming later today) [12]
• Mon, Feb 10, 2025, More than 500 eggs stolen from West Seattle cafe. How about them lower prices and abundant eggs? [10]
• Sun, Feb 09, 2025, The unemployment rate in the information technology sector rose from 3.9% in December to 5.7% in January, well above last month’s overall jobless rate of 4%.
• Sat, Feb 08, 2025, people are renting chickens for their back yards, in order to secure eggs. Do you remember when it was all Biden’t fault? F Maga.

Methinks "they" are shorting the market to buy low ( see Feb 05) while us idiots stuck in IRA's can't short, and sell low.

• Fri, Feb 07, 2025, Tariffs to cripple flow of drugs tech products you need into the US. [8] Stocks crater [9] on new tariff blather.
https://tradingeconomics.com/commodity/eggs-us
• Fri, Feb 07, 2025, Your “price of eggs” chart. Do you remember when it was all Biden’t fault? F Maga.
• Thu, Feb 06, 2025, Second bird flu strain found in US dairy cattle. Expect vaccines to be banned. Become vegetarian, you must!

Not illegal to trade after a crash, but market manipulation has its benefits.

• Wed, Feb 05, 2025, Eric Trump added tens of million of dollars worth of the Ether cryptocurrency after his dad crashed crypto markets with tariff threats. [7]
• Tue, Feb 04, 2025, Waffle House is placing a 50¢ surcharge on every egg it sells
https://www.democraticunderground.com/100219770873
He never jokes about evil deeds, you morans. You fell for his bullshit. FAFO.

But much of Wall Street had been hoping Trump’s talk of tariffs through the presidential campaign was just that, talk(AP)

• Mon, Feb 03, 2025, Markets implode.
• Sun, Feb 02, 2025, Upcoming tariffs on chips, aluminum and copper, stuff nobody needs.

• Sat, Feb 01, 2025, Tariffs on Canada, Mexico and China.
• Sat, Feb 01, 2025, Intel sinks $19B into the red.

What's left in YOUR wallet?

• Fri, Jan 31, 2025, Tesla reports precisely zero current federal income tax on $2.3 billion of U.S. income in 2024.
• Thu, Jan 30, 2025, reports of gasoline up $0.30/gal since Jan 20.

Boss forsakes business for politics.

• Wed, Jan 29, 2025, Tesla (TSLA) releases Q4 2024 results: big miss on revenue and earnings
• Wed, Jan 29, 2025, Coffee prices surge to record highs above $3.60 per lb
• Tue , Jan 28, 2025, UPDATE Nvidia erases $1 trillion in value in DeepSeek rout.
• Tue, Jan 28, 2025, Egg prices are soaring. Don’t expect that to change anytime soon [6]
• Mon, Jan 27, 2025, Nvidia has lost nearly half a billion in value already today.
• Sun, Jan 26, 2025, When the A.I. bubble bursts, retail investors will lose bigly [5]
• Sat, Jan 25, 2025, Businesses worldwide brace as Trump threatens tariffs [4]
• Fri Jan 24, 2025, US Consumer Sentiment Declines for First Time in Six Months -- inflation, eh?

It wasn't during Biden's presidency. What changed?

• Thu Jan 23, 2025, Universe is expanding too fast for physics to explain.

Biden is not controlling the weather any more!

• Wed Jan 22, 2025, It snowed in Florida! [3]
• Wed Jan 22, 2025, Committee investigating Chinese hack of US telecom firms disbanded.
• Wed Jan 22, 2025, eBay Sellers Are Hawking Phones With TikTok Preinstalled for $Thousands
• Tue Jan 21, 2025, Stripe, the Bay Area's 2nd-largest tech startup, suddenly lays off 300 workers
• Tue Jan 21, 2025, New Jersey drones are BACK [2]
• Tue Jan 21, 2025, Netflix Raising Prices in U.S.
• Mon Jan 20, 2025, Executive order just made everyone in the U.S. female. [1]
• Sun Jan 19, 2025. Meme coins announced. “A FUCKING DISGRACE.” [0]
__________
[0] The investment manager Michael A. Gayed referred to the meme coins as “A FUCKING DISGRACE.”
[1] https://www.rollingstone.com/politics/politics-news/trump-trans-ban-executive-order-1235243876/
[2] https://www.dailymail.co.uk/sciencetech/article-14309337/interactive-drone-sightings-map-new-jersey-trump.html
[3] https://www.wesh.com/article/snowing-florida-photos-videos-2025/63495671

Gov. Ron DeSantis has issued a state of emergency over the Arctic blast, which is expected to move across the state Tuesday and Wednesday.

[4] https://www.theguardian.com/business/2025/jan/26/trump-tariffs-businesses-global-worldwide
[5] https://puck.news/how-ai-will-or-wont-change-wall-street/

There’s the question of who is going to suffer most when the Wall Street hype machine is done hyping up A.I. companies. ... they’ll trade way down. The institutional investors, the underwriters, and the founding shareholders will all make a killing. And the retail investors could get stuck holding the bag, as they always do.

[6] https://apnews.com/article/egg-prices-bird-flu-poultry-inflation-9ea9934e20e3fe393abb1bb85aa31c30
[7] https://archive.ph/zh66P#selection-1701.0-1701.227 (Bloomberg)

And Eric Trump, the president’s third child, posted on social media platform X on Monday that “In my opinion, it’s a great time to add $ETH. You can thank me later.” He has since edited the post and deleted the second sentence.

[8] https://www.theverge.com/604742/trump-tariffs-canada-mexico-china-updates
[9] https://www.cnn.com/2025/02/07/business/tariffs-reciprocal-trump/index.html
[10] https://www.seattletimes.com/seattle-news/law-justice/more-than-500-eggs-stolen-from-west-seattle-cafe/
[11] https://www.baltimoresun.com/2025/02/11/tom-zirpoli-farmers-bear-the-brunt-of-attacks-on-usaid-commentary/
[12] https://www.democraticunderground.com/100219770873
[13] https://www.reuters.com/markets/us/us-retail-sales-fall-sharply-january-2025-02-14/
[14] https://theconversation.com/record-january-heat-suggests-la-nina-may-be-losing-its-ability-to-keep-global-warming-in-check-249389
[15] https://finance.yahoo.com/news/target-drops-dei-initiatives-learns-175652237.html
[16] https://semiwiki.com/semiconductor-services/semiconductor-advisors/353373-chips-act-dies-because-employees-are-fired-nist-chips-people-are-probationary/

Trump made it clear over the last few days that he will institute 25% tariffs on imported semiconductor devices, so it obvious that strategy is shifting from incentivizing US chip production to penalizing imports instead.

We don’t think that the administration has fully thought through all the ramifications as 100% of AI chips are imported from Taiwan and an increasing number of Intel chips are imported along with 100% of AMD and all other TSMC customers and the vast majority of memory chips…well over 80% of chips are foreign made.

[17] https://www.theatlantic.com/ideas/archive/2025/02/jobs-unemployment-big-freeze/681831/ https://archive.ph/WVSt0

The early weeks of Donald Trump’s presidency have featured the looming threat of tariffs and trade wars, higher-than-expected inflation, rising bond yields, and a chaotic assault on federal programs. Corporate America is less sure about the future than ever, and the economy is still frozen in place.

[18] https://apnews.com/article/economy-consumer-trump-tariffs-inflation-b8eacbe9b948af91a4efc97dd3f85cfa
[19] https://www.cnbc.com/2025/02/28/the-first-quarter-is-on-track-for-negative-gdp-growth-atlanta-fed-indicator-says-.html
[20] https://hr.cornell.edu/2025-hiring-pause
[21] https://www.citationneeded.news/issue-78/
[22] https://zeteo.com/p/trumps-crypto-reserve-is-such-brazen
[23] https://gizmodo.com/sec-drops-charges-against-chinese-billionaire-after-he-pumps-30-million-into-trumps-crypto-scheme-2000569966
[24] https://www.ign.com/articles/new-us-tariffs-will-impact-consoles-gpus-and-physical-games-say-analysts
[25] https://nextwave.partners/gdp-shock-venture-capitals-government-bailout-begins/

As GDP contracts, venture capital abandons private markets for government funding, rebranding struggling startups as "strategic assets" to capture Trump's new sovereign wealth fund. A new innovation model emerges where political connections matter more than business fundamentals.

[26] https://fortune.com/2025/03/07/a-classic-new-york-cheap-breakfast-hits-8-on-steep-eggs-prices/
[27] FT: https://archive.ph/2025.03.10-010528/https://www.ft.com/content/078780dd-16e0-45e4-b281-c70d59cc07ee#selection-2069.8-2069.118
[28] I didn't check the local health food store that buys from local farmers.

[usonian]

1. Kick for timeliness. NT

[Dem2theMax]

2. Thank you for taking the time to do this!

Great information. Much needed.

And kicking.

[usonian]

3. Kicking 🥚🥚 for update.

[2naSalit]

4. K&R

[usonian]

5. Kick for updates

[Journeyman]

6. K & R . . .

[Danascot]

7. This is brilliant!

I pay attention but there is a lot here I wasn't aware of. I'd love to see this as an ongoing effort though I understand it was a lot of work to put together.

[usonian]

8. Thanks. I am open to suggestions on how to keep it kicked and visible.

Unfortunately, it's real easy to dig up a disaster a day.

[SalviaBlue]

9. Bookmarked

Thanks for do this!

[FormerOstrich]

10. Thank you so much for doing this...

I appreciate it very much!

[littlemissmartypants]

11. ❤️

[usonian]

12. Kick for another crappy economic week.

Y'all remember "Lower Prices on Day 1" ???

[stillcool]

13. Totally Impressed.

and a little depressed