Our Wile E. Coyote Moment Is Coming - Paul Krugman

[gab13by13]

When the economy seems calm but really isn't just like when Wile E. Coyote runs 3 steps over the cliff and stands there for a few seconds before he realizes there is nothing underneath him is called the Wile E. Coyote moment.

Krugman states that a lack of strong reaction to Krasnov's assault on the Fed doesn't mean everything is OK. It is a policy disaster in the making but markets won't react strongly until the disaster is upon us.

Krugman says we would be in a recession right now were it not for investments into AI.

Krugman says that Krasnov's tariffs and his crackdown on immigrants will shred the economy.

So, for everyone wondering why the stock market is booming, it's because it is out over the cliff but hasn't looked down yet.

https://www.msn.com/en-us/news/politics/paul-krugman-warns-of-trump-s-wile-e-coyote-moment-policy-disaster-in-the-making/ar-AA1LsQdZ?ocid=msedgdhp&pc=HCTS&cvid=68b194d37e5c47fa9c15d33d12d4f419&ei=10

[Lovie777]

1. shithole and shutting down the government........................

with the incompetence of the current GQP status of the US government from the top to the bottom, will the country economy wise survive? The shithole #2 Vance said he's ready to be commander in chef if something happens to #1 shithole.

Diseases are on the rise, and the US have unconcerned unqualified asswipes apparently want to decease the US population.

Nazi style concentration camp and the inhumane treatment of Latin community. Stock Market is very very happy with the additional tax cuts, while us, the commoners pay the most of the taxes.

On and on of the dismantling of democracy, and the GQP approves.

Optimistic mode here, 2026 elections, and elections prior to, seems to be in our favor.

[Fiendish Thingy]

2. Inflation came in at the expected level of 2.9%

But that is above the Fed’s target of 2.0%, so the question is: will they still cut as anticipated?

The meeting minutes said to expect a cut unless inflation came in higher than expected, which it didn’t.

There won’t be another BLS jobs report before the next Fed meeting, only private payroll reports, so this is going to get interesting…

[Wiz Imp]

6. The next BLS jobs report will be released next Friday.

And the preliminary benchmark revision estimates will be released September 9. The next Fed meeting isn't until September 16 & 17

[Fiendish Thingy]

7. I thought the new guy said he wasn't going to release monthly reports anymore

He said he was switching to quarterly reports.

[Wiz Imp]

8. He hasn't been confirmed yet.

And while that is what the nominee said he wanted to do, Trump hasn't publicly agreed to it yet.

Anyway, next Friday's release will happen as per the BLS website:

September 5
Employment Situation
August 2025
08:30 AM

https://www.bls.gov/schedule/2025/09_sched.htm

Oh, and the quarterly data for 1st quarter 2025 will be released September 9 as well.

[Fiendish Thingy]

9. Will be interesting to see how much they fiddle with the numbers. Nt

[mdbl]

3. The stock market is a stupid casino

In it's current state without proper built in protections it shouldn't be trusted with precious retirement savings which is helping to prop the whole thing up. The fact that income keeps flowing in from hard working people allows it to look legitimate but it can't go on forever. Retirement savings should not be in a system where someone has to lose so someone else can win.

[Ritabert]

4. It's just a series of "pump and dump" schemes at the moment.

[CTyankee]

5. I have a big crush on Paul Krugman. He's been carrying the torch of enlightenment for years now and I am a big fan.

[Blue Owl]

10. LOL