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Capitalism, The Fed and Economic Policy

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  • Halifax2TheMaxHalifax2TheMax Posts: 40,754
    Tim Simmons said:
    I don't think its gonna come to that.

    I admire your positivity in this current shit show.
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  • Tim SimmonsTim Simmons Posts: 8,821
    If we can’t have any optimism, then what’s the point of anything. 
  • given2fly23given2fly23 Evanston, IL Posts: 5,987
    edited April 3
    Lerxst1992 said:
    Tim Simmons said:
    I don't think its gonna come to that.


    As if another January six from the left is going to win us any federal elections.
    The next Jan. 6 won't be from the left.  It will be when MAGA realizes they've been conned.
    "Breaking: Stellantis announces they are immediately laying off 900 American workers at five auto plants across the US because of Trump’s tariffs."

    Post edited by given2fly23 on
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  • brianluxbrianlux Moving through All Kinds of Terrain. Posts: 43,062
    There will not be a January 6th from the left.  To even say that expresses a huge misrepresentation of what happen on January 6, 2021, and misunderstanding of people who believe in Democracy and defend the Consitution.  That 1/6/21 event involved a large number of people who refused to acknowledge what has been proven over and over again: that their clown lost an election fair and square, so they pitched a hissy fit, attacked the capitol with the intent to hang some lawmakers, and assaulted Capitol police which, in come cases, lead to a few deaths.
    This is not how defenders of Democracy behave.  That has been proven in these first months of the catastrophe that is unfolding before us.  Sore losers throw tantrums.  People who believe in Democracy dig in and work to defend the Constitution.  That kind of resistance is building, not the aimless, angry crowd behavior that was displayed on January 6th.
    "It's a sad and beautiful world"
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  • Lerxst1992Lerxst1992 Posts: 7,297
    given2fly23 said:
    Lerxst1992 said:
    Tim Simmons said:
    I don't think its gonna come to that.


    As if another January six from the left is going to win us any federal elections.
    The next Jan. 6 won't be from the left.  It will be when MAGA realizes they've been conned.
    "Breaking: Stellantis announces they are immediately laying off 900 American workers at five auto plants across the US because of Trump’s tariffs."


    With the tariffs and elons cutting there is a possibility to reshape how the govt generates revenue and how the economy is shaped. He could institute a massive tax cut with funds generated by tariffs or the trade deals he is able to negotiate to reduce tariffs. 

    His change to the tax system would shift the tax burden more to the working class and turn the working class into factory workers. I’m not sure I heard the dems fight the fight this way. But I see a ton of energy wasted elsewhere by Dems lately.

    i am against all of that but a massive tax cut announcement now would be like Lucy pulling the football from dem kickers yet again.
  • tbergstbergs Posts: 10,201
    So are the 4 - 6% losses today what the inflation rate will be by the end of summer? Winning baby!
    It's a hopeless situation...
  • Lerxst1992Lerxst1992 Posts: 7,297
    Just when you think you have him cornered, orange pulls out a rabbit.
  • Lerxst1992Lerxst1992 Posts: 7,297
    brianlux said:
    There will not be a January 6th from the left.  To even say that expresses a huge misrepresentation of what happen on January 6, 2021, and misunderstanding of people who believe in Democracy and defend the Consitution.  That 1/6/21 event involved a large number of people who refused to acknowledge what has been proven over and over again: that their clown lost an election fair and square, so they pitched a hissy fit, attacked the capitol with the intent to hang some lawmakers, and assaulted Capitol police which, in come cases, lead to a few deaths.
    This is not how defenders of Democracy behave.  That has been proven in these first months of the catastrophe that is unfolding before us.  Sore losers throw tantrums.  People who believe in Democracy dig in and work to defend the Constitution.  That kind of resistance is building, not the aimless, angry crowd behavior that was displayed on January 6th.

    There was a post just before noon on this thread eastern time predicting civil unrest by the summer. That’s why I raised Jan six.
  • tbergstbergs Posts: 10,201
    Lerxst1992 said:
    brianlux said:
    There will not be a January 6th from the left.  To even say that expresses a huge misrepresentation of what happen on January 6, 2021, and misunderstanding of people who believe in Democracy and defend the Consitution.  That 1/6/21 event involved a large number of people who refused to acknowledge what has been proven over and over again: that their clown lost an election fair and square, so they pitched a hissy fit, attacked the capitol with the intent to hang some lawmakers, and assaulted Capitol police which, in come cases, lead to a few deaths.
    This is not how defenders of Democracy behave.  That has been proven in these first months of the catastrophe that is unfolding before us.  Sore losers throw tantrums.  People who believe in Democracy dig in and work to defend the Constitution.  That kind of resistance is building, not the aimless, angry crowd behavior that was displayed on January 6th.

    There was a post just before noon on this thread eastern time predicting civil unrest by the summer. That’s why I raised Jan six.
    Marches planned for across the nation this Saturday, but probably only the penguins of Madagascar pissed off about the tariffs. 
    It's a hopeless situation...
  • Halifax2TheMaxHalifax2TheMax Posts: 40,754
    tbergs said:
    Lerxst1992 said:
    brianlux said:
    There will not be a January 6th from the left.  To even say that expresses a huge misrepresentation of what happen on January 6, 2021, and misunderstanding of people who believe in Democracy and defend the Consitution.  That 1/6/21 event involved a large number of people who refused to acknowledge what has been proven over and over again: that their clown lost an election fair and square, so they pitched a hissy fit, attacked the capitol with the intent to hang some lawmakers, and assaulted Capitol police which, in come cases, lead to a few deaths.
    This is not how defenders of Democracy behave.  That has been proven in these first months of the catastrophe that is unfolding before us.  Sore losers throw tantrums.  People who believe in Democracy dig in and work to defend the Constitution.  That kind of resistance is building, not the aimless, angry crowd behavior that was displayed on January 6th.

    There was a post just before noon on this thread eastern time predicting civil unrest by the summer. That’s why I raised Jan six.
    Marches planned for across the nation this Saturday, but probably only the penguins of Madagascar pissed off about the tariffs. 
    And the residents of Narnia feeling particularly picked on.
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  • mrussel1mrussel1 Posts: 30,487
    GREAT NEWS!  Oil is down to $61/barrel.  That's what happens when the market prices a recession.  So the glory days of $2 gas during the Pandemic are coming back!  

    Winning! 
  • Halifax2TheMaxHalifax2TheMax Posts: 40,754
    mrussel1 said:
    GREAT NEWS!  Oil is down to $61/barrel.  That's what happens when the market prices a recession.  So the glory days of $2 gas during the Pandemic are coming back!  

    Winning! 
    Guess new exploration, tapping new wells of known deposits and pumping some existing are off the table. What will all those laid off roughnecks and trickle down employed do? Pick fruit and vegetables or clean up storm debris, I guess.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • tbergstbergs Posts: 10,201
    Only about 1,000 off the lowest closing in the last year right now. Spectacular! Might get to dropping 2,000 just today or even %5 overall. 
    It's a hopeless situation...
  • nicknyr15nicknyr15 Posts: 8,952
    tbergs said:
    Only about 1,000 off the lowest closing in the last year right now. Spectacular! Might get to dropping 2,000 just today or even %5 overall. 
    Would love to hear anyone defend this without using the term “short term pain”. What a mess. I was fully prepared for this, but it still sucks. 
  • OnWis97OnWis97 St. Paul, MN Posts: 5,460
    Ask not what your country can do for you but what you can do for your president and the richest person in the world.
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  • mrussel1mrussel1 Posts: 30,487
    OnWis97 said:
    Ask not what your country can do for you but what you can do for your president and the richest person in the world.
    That’s about perfectly stated
  • mickeyratmickeyrat Posts: 43,048
    mrussel1 said:
    GREAT NEWS!  Oil is down to $61/barrel.  That's what happens when the market prices a recession.  So the glory days of $2 gas during the Pandemic are coming back!  

    Winning! 

    except. its still 3 29 at the cornwr
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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
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    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 30,487
    mickeyrat said:
    mrussel1 said:
    GREAT NEWS!  Oil is down to $61/barrel.  That's what happens when the market prices a recession.  So the glory days of $2 gas during the Pandemic are coming back!  

    Winning! 

    except. its still 3 29 at the cornwr
    In all seriousness gas will be coming down. But that’s not a good thing. 
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,372
    Lol VXX shot up 20% today
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,372
    Also pretty funny!

    https://x.com/AdamKinzinger/status/1908145729278730562?t=Q0rv6Ws9vj1Vsi8svkGFOA&s=19
  • mickeyratmickeyrat Posts: 43,048
    edited April 4
    mrussel1 said:
    mickeyrat said:
    mrussel1 said:
    GREAT NEWS!  Oil is down to $61/barrel.  That's what happens when the market prices a recession.  So the glory days of $2 gas during the Pandemic are coming back!  

    Winning! 

    except. its still 3 29 at the cornwr
    In all seriousness gas will be coming down. But that’s not a good thing. 
     after those oil execs that ponied up some cash when he asked , I wonder how they feel now?
    Post edited by mickeyrat on
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 30,487
    Okay this opinion piece is downright hilarious.  It's right in line with the 4d chess argument.  Let me just summarize this for you...

    The plan was to drive the stock market down, with money flowing to treasury bonds.  That would in turn force the Fed to reduce interest rates which would then save us billions in interest payments on the debt.  

    No joke.  Of course the opinion writer didn't bother to address all of the lost tax revenue stemming from the market collapse, to achieve these rounding-error worthy savings in interest.  The reason he didn't is because 1. it's total bs and 2. he knows Fox readers are stupid.  

    https://www.foxnews.com/opinion/heres-what-trump-really-up-high-stakes-tariff-gambit
  • tempo_n_groovetempo_n_groove Posts: 40,724
    Everything is rallying now.  Buying spree?
  • tbergstbergs Posts: 10,201
    tempo_n_groove said:
    Everything is rallying now.  Buying spree?
    So weird and now tanking again. Such a mess.
    It's a hopeless situation...
  • tbergstbergs Posts: 10,201
    tbergs said:
    tempo_n_groove said:
    Everything is rallying now.  Buying spree?
    So weird and now tanking again. Such a mess.
    I think it was because there was a rumor Trump was going to put a 90 day pause on the tariffs, but once that was dispelled, back to sell offs.
    It's a hopeless situation...
  • mrussel1mrussel1 Posts: 30,487
    tbergs said:
    tbergs said:
    tempo_n_groove said:
    Everything is rallying now.  Buying spree?
    So weird and now tanking again. Such a mess.
    I think it was because there was a rumor Trump was going to put a 90 day pause on the tariffs, but once that was dispelled, back to sell offs.
    Chaos, as usual.   The markets and business hate chaos.  
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,372
    Lol this guy has no idea what a tariff is; another 50% tariff threat towards China lol.

    I thought I wouldn't be alive when the US lost its spot as the top financial leader in the world but here it is lol

    I don't wish harm on most people but if you voted for this and your retirement is plummeting into the shitter, god I hope it hurts so bad.
  • VitalogensiaVitalogensia Posts: 2,104
    As Mr. Trump wrote, “Don’t be a PANICAN!”
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  • mrussel1mrussel1 Posts: 30,487
    Vitalogensia said:
    As Mr. Trump wrote, “Don’t be a PANICAN!”
    He totally burned us with that one.  
  • tbergstbergs Posts: 10,201
    mrussel1 said:
    Vitalogensia said:
    As Mr. Trump wrote, “Don’t be a PANICAN!”
    He totally burned us with that one.  
    I thought Panicans was the new term for people living by the Panama Canal after the US took it back. 😉
    It's a hopeless situation...
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