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sejjeyesterday at 4:19 PM11 repliesview on HN

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notTooFarGoneyesterday at 4:31 PM

Dollar is losing value by the day, gold and silver on record high and somehow this is not an indicator for huge uncertainty?

China is beating the US on pretty much every stage and this only accelerates this.

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AnotherGoodNameyesterday at 4:29 PM

It's very very easy to make stocks go up. Zimbabwe and Venezuela have stock markets that have gone up millions of times over for instance. The stock market is mostly just an inverse of currency health and tends to be inline or slightly above inflation on average, even when the economy is a complete mess.

No one ever judges economic health by the stock market which you seem to be doing. You judge it be things like median wealth (currently below 2007 levels in the USA) and employment figures.

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zug_zugyesterday at 4:24 PM

I think the talk was significant inflation, because everything will cost more. And it does.

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embedding-shapeyesterday at 4:27 PM

Since the administration have stopped releasing some data that usually is released, how fast would people be able to notice that the economy tanked, if it did?

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nemomarxyesterday at 4:22 PM

if you look at non ai / tech stuff, isn't the economy pretty bad? they stopped reporting unemployment numbers and BLS statistics and all

scottLobsteryesterday at 4:30 PM

AI investment/datacenter construction was roughly 1% of US GDP in 2025 all by itself.

That and people were expecting the tariffs to be consistently applied as stated, instead we got... this: https://www.youtube.com/watch?v=sr7OVWgqDIM&t=27s

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rozapyesterday at 7:31 PM

Bröther look at the value of USD.

People are fleeing to gold.

xpeyesterday at 8:53 PM

Smart people talk about differential impact; i.e compare what we’re seeing today against the counterfactual. / I’m not aware of solid reasoning that argues in favor of tariffs, differentially speaking. / I’m happy to look at models that aren’t a waste of time.

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malsheyesterday at 6:44 PM

That's because Trump gave many extensions and concessions to so many countries. Remember there was 125% on China in May 2025 before Xi decided to use rare earth minerals to fight back. Maybe you have heard of TACO. So the tariffs as threatened never panned out in reality.

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goatloveryesterday at 4:28 PM

Sure, when the arbitrary tarriff formula was announced for every nation, the stock markets were down thousands, and the bond market was fluctuating. Then you had the short term trade war with China were both countries set tarrifs so high no imports/exports between the two happened for a month, and there was a concern about empty shelves in major department stores.

But as one Wall Street executive put it, "Trump also chickens out", so Wall Street learned he would backdown on any tariffs that had too much negative economic impact.

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essephyesterday at 6:02 PM

The impact to social bonds between the US and other Western nations has been thrown completely off track, and now they are looking for exits from anything US related.

These tarrifs were the absolutely dumbest thing imaginable, and have brought the post WWII period of US economic prosperity to a point it can never recover.

It's only down from here. We pissed off our friends.

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