Tracking Trump's Economy
@trackingecontrump.bsky.social
Tracking with as real time data as possible how much worse Trump is making the US economy. (Since 4th March 2025)
Tesla shares since Nov 4th: up 14.9% (vs 97.6% at peak)
Trump coin: $13.74 vs $74.34 at launch
AM 6th March
Tesla shares since Nov 4th: up 14.9% (vs 97.6% at peak)
Trump coin: $13.74 vs $74.34 at launch
AM 6th March
Reposted by Tracking Trump's Economy
LOL
B of A calls it the “Bro Bubble” 🇺🇸
B of A calls it the “Bro Bubble” 🇺🇸
March 14, 2025 at 10:22 AM
LOL
B of A calls it the “Bro Bubble” 🇺🇸
B of A calls it the “Bro Bubble” 🇺🇸
Reposted by Tracking Trump's Economy
Consumer sentiment plummeted in March, with declines seen consistently across all groups by age, education, income, wealth, political affiliations (D & R), geographic regions.
Sentiment has now fallen for three consecutive months and is currently down 22% from December 2024. 🧵
www.sca.isr.umich.edu
Sentiment has now fallen for three consecutive months and is currently down 22% from December 2024. 🧵
www.sca.isr.umich.edu
March 14, 2025 at 3:40 PM
Consumer sentiment plummeted in March, with declines seen consistently across all groups by age, education, income, wealth, political affiliations (D & R), geographic regions.
Sentiment has now fallen for three consecutive months and is currently down 22% from December 2024. 🧵
www.sca.isr.umich.edu
Sentiment has now fallen for three consecutive months and is currently down 22% from December 2024. 🧵
www.sca.isr.umich.edu
Tesla shares currently worth less than they were on November 4th
March 10, 2025 at 4:22 PM
Tesla shares currently worth less than they were on November 4th
Reposted by Tracking Trump's Economy
‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs
‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs
President downplays recent stock market volatility that followed his ducking and weaving over tariff policy
Donald Trump on Sunday refused to rule out the possibility that the US economy will head into recession this year and that inflation will rise, as…
www.theguardian.com
March 9, 2025 at 8:22 PM
‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs
March 8, 2025 at 1:31 AM
Reposted by Tracking Trump's Economy
RENMAC: “.. The average workweek for private education and health services remains at a cycle low. Little need to boost bodies. Yet, this sector has been responsible for half the private jobs growth in the last couple of months. What happens when education & health payroll growth slows?” 🇺🇸
March 7, 2025 at 8:17 PM
RENMAC: “.. The average workweek for private education and health services remains at a cycle low. Little need to boost bodies. Yet, this sector has been responsible for half the private jobs growth in the last couple of months. What happens when education & health payroll growth slows?” 🇺🇸
Jobs report steady, if unimpressive (lowest addition in February since 2019)
data.bls.gov/timeseries/c...
data.bls.gov/timeseries/c...
March 7, 2025 at 8:37 PM
Jobs report steady, if unimpressive (lowest addition in February since 2019)
data.bls.gov/timeseries/c...
data.bls.gov/timeseries/c...
Reposted by Tracking Trump's Economy
Euro on course for best week since 2009
https://www.ft.com/content/5342aea8-504b-4e54-a70e-54bdc2e63bbd
https://www.ft.com/content/5342aea8-504b-4e54-a70e-54bdc2e63bbd
Euro on course for best week since 2009
Hopes for stronger economic growth fuel sharp recovery as dollar weakens
www.ft.com
March 7, 2025 at 11:40 AM
Euro on course for best week since 2009
https://www.ft.com/content/5342aea8-504b-4e54-a70e-54bdc2e63bbd
https://www.ft.com/content/5342aea8-504b-4e54-a70e-54bdc2e63bbd
www.usatoday.com/story/money/...
Throwing out a free policy platform for Democrats, lifted from the MAGA platform on aid: let's stop spending money all the way out there in space and spend it back here at home
Throwing out a free policy platform for Democrats, lifted from the MAGA platform on aid: let's stop spending money all the way out there in space and spend it back here at home
Elon Musk wants to cut government spending. Tesla and SpaceX benefit from it
Over the last 16 years, Musk's business deals with the government total nearly $20 billion, according to federal contracting data.
www.usatoday.com
March 7, 2025 at 11:26 AM
www.usatoday.com/story/money/...
Throwing out a free policy platform for Democrats, lifted from the MAGA platform on aid: let's stop spending money all the way out there in space and spend it back here at home
Throwing out a free policy platform for Democrats, lifted from the MAGA platform on aid: let's stop spending money all the way out there in space and spend it back here at home
This is always a great sign....
March 7, 2025 at 4:56 AM
This is always a great sign....
Reposted by Tracking Trump's Economy
President Trump's promises the "largest deportation program in American history," a step targeting unauthorized immigrants. But mass deportations would result in lower US GDP & employment than otherwise through 2040. #PIIECharts
March 5, 2025 at 3:27 AM
President Trump's promises the "largest deportation program in American history," a step targeting unauthorized immigrants. But mass deportations would result in lower US GDP & employment than otherwise through 2040. #PIIECharts
While we wait excitedly for the US official inflation data for February in about a week - here is the Cleveland Fed's latest nowcast (Real-time economic forecasting model) of where we are....around 4%
March 7, 2025 at 4:44 AM
While we wait excitedly for the US official inflation data for February in about a week - here is the Cleveland Fed's latest nowcast (Real-time economic forecasting model) of where we are....around 4%
Ignoring the huge build up during Reagan, that then immediately phased out after his term, the US hasn't spent above 5% since the Vietnam War (even after 9/11). You could argue the Reagan build up was to challenge the USSR at least, but Trump wants to withdraw from being the world's policeman...
March 7, 2025 at 3:59 AM
Ignoring the huge build up during Reagan, that then immediately phased out after his term, the US hasn't spent above 5% since the Vietnam War (even after 9/11). You could argue the Reagan build up was to challenge the USSR at least, but Trump wants to withdraw from being the world's policeman...
Reposted by Tracking Trump's Economy
a look at the s&p following the election of recent us presidents:
March 6, 2025 at 8:41 PM
a look at the s&p following the election of recent us presidents:
The "Economic Policy Uncertainty Index" is creeping up (essentially measures of economic uncertainty mentioned in the news....under the assumption you get your news from...the news)
March 7, 2025 at 2:13 AM
The "Economic Policy Uncertainty Index" is creeping up (essentially measures of economic uncertainty mentioned in the news....under the assumption you get your news from...the news)
Initial Claims - as promised, though to be fair they have not particularly jumped this week. However, it is worth noting many of the Federal workers let go may not appear in this yet.
March 7, 2025 at 2:07 AM
Initial Claims - as promised, though to be fair they have not particularly jumped this week. However, it is worth noting many of the Federal workers let go may not appear in this yet.
Reposted by Tracking Trump's Economy
The Trump administration was ordered to reinstate thousands of fired USDA workers — a blow for its effort to shrink the federal bureaucracy.
Trump administration ordered to reinstate thousands of fired USDA workers
The decision is a blow to the Trump administration’s effort to drastically and quickly shrink the federal bureaucracy.
www.politico.com
March 5, 2025 at 7:50 PM
The Trump administration was ordered to reinstate thousands of fired USDA workers — a blow for its effort to shrink the federal bureaucracy.
Reposted by Tracking Trump's Economy
President Trump decided to delay a portion of the 25% tariffs he recently imposed on Canada and Mexico for one month at the request of automakers.
Trump pauses Canada, Mexico auto tariffs
“We spoke with the big three auto dealers,” White House spokesperson Karoline Leavitt told reporters. “We are going to give a one-month exemption on any autos coming through [the U.S.-Mexico-Canada Ag...
www.politico.com
March 5, 2025 at 7:01 PM
President Trump decided to delay a portion of the 25% tariffs he recently imposed on Canada and Mexico for one month at the request of automakers.
New data on new claims for jobless benefits comes out today (i.e. the claim people make when they first separate from an employer to determine eligibility). This is what it looks like at the moment - we'll update as new data is released. #economy #trump #trumpconomy
March 6, 2025 at 11:31 AM
New data on new claims for jobless benefits comes out today (i.e. the claim people make when they first separate from an employer to determine eligibility). This is what it looks like at the moment - we'll update as new data is released. #economy #trump #trumpconomy
Reposted by Tracking Trump's Economy
We will make mistakes, many mistakes, and keep making them. Hey, we have no idea what we are doing. www.nytimes.com/live/2025/03...
Trump Live Updates: Supreme Court Rejects Foreign Aid Freeze and Latest Tariff News
www.nytimes.com
March 5, 2025 at 10:12 PM
We will make mistakes, many mistakes, and keep making them. Hey, we have no idea what we are doing. www.nytimes.com/live/2025/03...
A post about a specific person in the economy: Elon Musk's wealth is mainly Tesla and SpaceX. The latter is held privately and valued at about $350bn (implied value from a Dec 24 share sale). Every 10% Tesla falls knocks about 4-4.5% off his net worth (based on recreating Forbes calculation)
March 5, 2025 at 12:17 PM
A post about a specific person in the economy: Elon Musk's wealth is mainly Tesla and SpaceX. The latter is held privately and valued at about $350bn (implied value from a Dec 24 share sale). Every 10% Tesla falls knocks about 4-4.5% off his net worth (based on recreating Forbes calculation)
@piie.com produced some nice analysis on the GDP and price impact of the trade wars. Worth noting primarily that while the impact on the US is much smaller, it isn't nothing, and will be felt even more depending on how countries retaliate
March 5, 2025 at 11:39 AM
@piie.com produced some nice analysis on the GDP and price impact of the trade wars. Worth noting primarily that while the impact on the US is much smaller, it isn't nothing, and will be felt even more depending on how countries retaliate
This is why the generalized tariffs are so odd. It benefits the firms in the sectors that got some competition from imports at the price of higher costs on everything for everyone...wiping out the gains even those people got from the protection.
2/2
2/2
March 5, 2025 at 11:28 AM
This is why the generalized tariffs are so odd. It benefits the firms in the sectors that got some competition from imports at the price of higher costs on everything for everyone...wiping out the gains even those people got from the protection.
2/2
2/2