Trump: The Cognitive Slip Continues...

I would also point out that most people don't really get what "the Dow is at 50k" really means. That's a big number, but what does that mean, asks the normal person. And I would also say that most people might also find that number as something the only applies to the wealthy.

 

https://archive.is/DmDbQ (New Yorker article)

Her history starts about half way though the article. And, yeah, it reads like she went fascism as part of her desire for power. Though I will say, she also seems like one of those who got caught up in Trump's aura and is just following along for his approval.

 

What do you mean? The number (50,000 as quoted by Bondi) is a raw number.

 

MAGA, to my eyes, is about grievance, not governance (or even ruling). Trump makes it look easy, to them, partly because he has figured out how to do look effective (as opposed to being effective) over decades in the limelight. But he isn't really good at either (governance or ruling) because it takes consideration and planning, both short and long, and he has never really been good at either. Hence all his business failings (as an example, his company, $DJT was over $30/share a year ago. Now it's just over $11/share). But the run of the mill MAGA doesn't really understand how hard it is when you don't have that ability to just look effective, and know how to say the right things. Besides, on a local level, people care more about small things like parking meters or pot holes or traffic lights, and MAGA doesn't do those small things very well.

 

I think you are mixing things. Inflation is based on economic output (more or less - I'm assuming you are talking about the inflation rate as is measured by CPI or CPE or PPI or the overall GDP), but the price of a stock is based on perceived value of a share. IOW, The value of a share is based on what somebody is willing buy it for, and what there person is willing to sell it for, now necessarily how much a company makes. Additionally, the price of the the DJIA also measures how many shares are available to buy/sell at a given price (basically, market cap - see below). To give you a comparison, from 2023



As you can see, the market cap in terms of size is not necessarily related to revenue. Market cap is the area that the DJIA (or NASDAQ, etc.) is calculated, but revenue is how the economy (inflation) is calculated.

So, if inflation goes up by 5%, that is the overall economy and will be reflected in the revenue column. If the stock price by every company goes up by 5%, then the DJIA will go up by more than that (the measurement will be related to market cap of each individual company).

To give an clearer example of what I'm talking about, see this comparison from the same chart (from 2023):


Based on this, Tesla's revenue is about $1B less than Disney, but their market cap is about 8.5x of Disney. (Market cap = share price x number of shares to buy and sell, usually called "outstanding shares.")

Basically, share price is based off the perceived value of a company, while revenue is based off actual numbers.
Also, revenue is backward looking while share price is forward looking.

 

This is fun:

https://thehill.com/homenews/administration/5732984-trump-switzerland-tariffs-phone-call/

Trump told Fox Business’s Larry Kudlow that he once had an “emergency call from, I believe, the prime minister of Switzerland, and she was very aggressive. Nice, but very aggressive.” He recalled that she repeatedly said, “we are a small country.”

“Again and again and again. I couldn’t get her off the phone,” the president continued. “So [the tariffs were] at 30 percent, and I didn’t really like the way she talked to us, and so instead of giving her a reduction, I raised it to 39 percent, and then I got inundated by people from Switzerland and I figured, ‘Do you know what? We’ll do something that’s a little bit more palatable.'”

Trump was likely referring to former Swiss President Karin Keller-Sutter, who left office Dec. 31 and was succeeded by current President Guy Parmelin. The Hill reached out to the White House for clarification.

He previously referred to the same phone call during a speech last month at the World Economic Forum in Davos. Trump gave a similar description of the conversation, adding that she “just rubbed me the wrong way, I’ll be honest with you.”​

White Christian Heterosexual (Male) Supremacy. Can't have a woman talk in an "agressive" way to you, can you Trump? So insecure.

 

I've at times brought up unionization in various jobs and it has always been about worker protection, both current and future. Didn’t matter how long I or otheres would stay.