Replied to JonChevreau
@JonChevreau Question is: how much damage will the #TrumpCrash do?
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#trumpcrash
4 posts4 participants0 posts today
Dow tanks 970 points as #TrumpCrash resumes
Chinese Oil Purchases Are Down 90% But Canadian oil purchases Are Up 700%
So much winning… is this great enough?
Closing.
The S&P 500 
3.5% Thursday.
The Dow Jones Industrial Average 2.5%.
The Nasdaq composite 4.3%.
Thud
Bloomberg:
BREAKING: The S&P 500 falls 2.3% and the Nasdaq 100 slips 2.8% as tariff concerns overshadow an upbeat inflation report #TrumpCrash #TrumpTax #tariffs
This is the White House executive orders list. It is up to date as of 2025-04-09. I watched them put all of yesterday's orders up last night, to check.
https://whitehouse.gov/presidential-actions/executive-orders/
The 2025-04-02 order that has the high #TrumpCrash #tariffs, coming into force on 2025-04-09 00:01 EDT, is there.
So where's the order countermanding it?
Yes, this is an "Oh crap!" moment.
In all of the fuss of TS posts and press conferences, #DonaldJTrump has forgotten to issue the actual tariff reduction order.
The White HouseExecutive Orders Archives
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There's apparently speculation that China *is* selling the bonds, although it's only speculation.
Business Insider · Treasurys are cratering. Here's what's happening with bonds.
Lawrence O’Donnell’s latest show/podcast is quite insightful about 47’s Tariffs. He thinks Trump will soon be forced to fire Navarro now that Musk has publicly slagged him. Either that or more Republicans will side with Dems about putting Tariff power back in the hands of Congress. Stocks can only recover if one of these happen. #Tariffs #TrumpCrash #Musk #Stocks
Latest Lawrence O’Donnell show/podcast is on how Elon Musk disagrees with his Orange Master about Tariffs, now that he’s lost more money than anyone since they were introduced. #Tariffs #TrumpCrash
Replied to BronMason
The wackiness of the 10% floor in cases where there is a trade surplus is almost certainly a result of a misapplied MAX() function in a spreadsheet.
See these for more information, including where you can see a reasonably non-technical reconstruction of the spreadsheet from the Trump administration's own data and formula that have resulted in these crazy #tariffs:
https://mastodon.scot/@JdeBP/114296245746868446
mastodon.scotJdeBP (@JdeBP@mastodon.scot)Of course @standupmaths@mathstodon.xyz is the person to explain the #bistromathics of the #DonaldJTrump #tariffs .
Some of the comments are quite amusing, too. Including the one that points out that the factor of -1 was secretly hidden in the plucked-from-thin-air ε constant, which is more like -0.945 anyway.
https://youtube.com/watch?v=j04IAbWCszg
Just no-one tell @keefeglise@mastodonapp.uk , alright? We don't want Keith's account hacked twice in one month. Shhh! (-:
#MattParker #StandUpMaths #economics
THUD
“US stocks dropped after 2nd day of stunning reversals. S&P 500 1.6% after wiping out early gain of 4.1%.. That brought the index nearly 19% below record set in Feb. Dow 320 after giving up an earlier surge of 1,460, Nasdaq composite lost 2.1%”
#TrumpCrash #TrumpTax
https://apnews.com/article/stocks-markets-tariffs-china-trump-b686ef0259c2f4894f9fcd1f3649a956
Replied to JdeBP
I’m sorry—I don’t speak spreadsheet or programming, but is what you’re saying seriously that the #TrumpCrash is a spreadsheet programming error???
#Trump #MAGA #TrumpEconomy #TrumpCrash #TrumpRecession #NoBillionaires #TaxTheRich #EatTheRich
Not to mention that it would have benefited the country, versus having it disappear into the ether.
Replied in thread
Yes, we live in a world that @cstross couldn't have made up.
We live in the world where the #TrumpCrash to the U.S.A. economy is in part happening because one of those #DOGE junior programmers or something made a dopey error in a spreadsheet that did not account for negative numbers when setting a floor of 10%.
And picked 0.25 for the φ constant in cell P399 instead of 0.95.
"Excel, Apocalypse!"
Mastodon App UKJdeBP (@JdeBP@mastodonapp.uk)A tip for spreadsheet users that I have learned from watching a mistake made by others:
When you use
=MAX(M2-X2/M2,0.1)
to place a floor of 10% on how low you want your calculation to be of a fractional positive gap to reduce M2 to X2 by, please try to remember that the X2 cell value could be *already greater* than the M2 cell value.
You probably want
=IF(X2<M2,MAX(M2-X2/M2,0.1),0)
or similar.
Because if (say) M2 is 6.81E+10 and X2 is 7.99E+10, then your calculation is going to come up with 10% instead of 0%, let alone the correct -17%.
Which might be embarrassing. (-:
#spreadsheets #ComputerProgramming
Replied in thread
#LizTruss is alas probably enjoying the fact that words like "#Trussonomics" are going out of fashion now that Liz Truss Mk 2 has come along; whilst being ambivalent that xyr place in history has been usurped by a bloke whose Department of Dodgy junior programmers didn't realize what =MAX(T2,0.1) in their spreadsheet would do to the likes of the U.K., Australia, and a bunch of south American countries.
mastodon.scotJdeBP (@JdeBP@mastodon.scot)I say! This Liz Truss Mk 2 is quite the upgrade, isn't it?
#LizTruss #DonaldJTrump #WorldWarThree #tariffs #Trussonomics
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