#47 economic policies

mickeyrat

video....

https://www.threads.net/@24hoursofukraine/post/DIJg_j5IcxH?xmt=AQGzsWonMMYfD7YlRqyPxjAugHR1eB2aDcWHBwEHJykJcg

🇺🇦🇷🇺🇺🇸White House economic adviser Kevin Hassett: Russia has not been imposed a tariff because it is in peace talks.

What about Ukraine, which we got 10% tariff?

Spiritual_Chaos

My little cute Nintendo stock had crashed 8 percent this morning.

tbergs

mickeyrat said:

video....

https://www.threads.net/@24hoursofukraine/post/DIJg_j5IcxH?xmt=AQGzsWonMMYfD7YlRqyPxjAugHR1eB2aDcWHBwEHJykJcg

🇺🇦🇷🇺🇺🇸White House economic adviser Kevin Hassett: Russia has not been imposed a tariff because it is in peace talks.

What about Ukraine, which we got 10% tariff?

Well duh, they "started" the war so they get what they deserve. 

DE4173

🫣

gotthebottle

cincybearcat said:

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I predict he is a bottom 

🤣🤣🤣

Spiritual_Chaos

After telling investors not to panic earlier in the morning, Trump threatened to increase tariffs against China again on Wednesday if Beijing doesn't remove the retaliatory tariffs it placed on the U.S. by Tuesday. A senior White House official told ABC News that this would be in addition to the 34% reciprocal tariff Trump announced last week and the 20% already in place, making for a potential total of 104%.

Trump claimed without evidence "the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place."

LONG

TIME

ABUSED

USA


I fucking hope a movement as successful as in Canada starts here in not buying US products. Gonna sabotage my friends Ford Focus when I get the chance and force him into buying a SAAB. AND I WILL MAKE SURE HE KNOWS IT WAS ME

Boohoo. "It was priced within our budget and will fit the whole family now when the new kid comes". Bohoo. GET RID OF THE FASCIST MOBILE AND DRIVE SWEDISH OR PAY THE PRICE BUDDY

I SURE HOPE MY CONVERSE AREN'T MADE IN THE USA

brianlux

ALRIGHT!  S&P DOWN ANOTHER 4%
THE GOLDEN AGE IS HERE!  GO MAGA!!!

Lerxst1992

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year 

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess. 

Unfortunately, I would not bet on that. FOX is pumping, they are busy accusing CNBC of causing the volatility today because they misinterpreted what a spokesperson for the White House said this morning about a 90 day pause

Other big fox headline,
50 countries reach out to White House to request a tariff deal

neither side cares what the other has to say.

Donnie gets a couple big deals, such as with the EU or Japan, and a big tax cut from the Senate, and there’s a chance this blows over. I disagree with the tariffs, but we are in the valley now.


 

Lerxst1992

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I had an older friend who retired approximately five years after the 2008 great recession stock market meltdown. All of their friends sold a lot during the great recession. This person held, invested a little more, and tripled their portfolio within ten years. 

Trump should’ve done this closer to having some trade deals nearly in place, and close to a deal with a massive tax cut with the Senate. It’s a little alarming nothing like that has been announced yet

Hawk123

Lerxst1992 said:

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I had an older friend who retired approximately five years after the 2008 great recession stock market meltdown. All of their friends sold a lot during the great recession. This person held, invested a little more, and tripled their portfolio within ten years. 

Trump should’ve done this closer to having some trade deals nearly in place, and close to a deal with a massive tax cut with the Senate. It’s a little alarming nothing like that has been announced yet

Where Trumps plan makes very little sense is that those trade deals will stop any tariff revenue he’s planning to use to fund the tax cuts. The massive tax cut will just make the national debt even worse. Maybe he should listen to pretty much every outside economist. 

tbergs

Lerxst1992 said:

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year 

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess. 

Unfortunately, I would not bet on that. FOX is pumping, they are busy accusing CNBC of causing the volatility today because they misinterpreted what a spokesperson for the White House said this morning about a 90 day pause

Other big fox headline,
50 countries reach out to White House to request a tariff deal

neither side cares what the other has to say.

Donnie gets a couple big deals, such as with the EU or Japan, and a big tax cut from the Senate, and there’s a chance this blows over. I disagree with the tariffs, but we are in the valley now.


 

By neither side, you mean Trump admin and other countries or Fox News and other liberal media? I wasn't sure which aspect you were referring to.

To be fair both CNBC and Reuters have corrected their reporting on the initial misinterpretation of Hassett's statement. If anything, that temporarily showed how unstable the market is because of the chaos factor that are these tariffs. Either way, today was on par for more losses, albeit it looks like more of an untreated open wound blood letting than the hemorrhaging amputation from the end of last week.

RoleModelsinBlood31

anyone selling is just letting the rest of us buy at a bigger discount.  The s&p is now where it was last April 2024, theres no reason to even worry.  Remember Warren Buffet:

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

gotthebottle

Lerxst1992 said:

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I had an older friend who retired approximately five years after the 2008 great recession stock market meltdown. All of their friends sold a lot during the great recession. This person held, invested a little more, and tripled their portfolio within ten years. 

Trump should’ve done this closer to having some trade deals nearly in place, and close to a deal with a massive tax cut with the Senate. It’s a little alarming nothing like that has been announced yet

Should have... if he gave a shit 

HughFreakingDillon

strange. nothing to worry about? everyone from economists to retirees to young people to fucking billionaires are sounding the alarm and some magats still have to cling to the cult. 

Zod

Also if you cause a big economic recession revenues decline, and government's traditionally spend their way out of them.   If they leave the tariff's in tact, and have made all those tax cuts, it's going to be messy in the recession with declining tax revenues, an already mega deficit, and trying to increase spending to limit the outfall of recession.

I feel like they don't realize the economy is is fragile, and it doesn't take much to get it to spiral.

brianlux

RoleModelsinBlood31 said:

anyone selling is just letting the rest of us buy at a bigger discount.  The s&p is now where it was last April 2024, theres no reason to even worry.  Remember Warren Buffet:

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

https://www.newsweek.com/warren-buffet-advice-stock-market-trump-tariffs-2056136

Buffett has said that he will not be commenting directly on the Trump tariffs or the stock market's response until Berkshire's annual meeting in May.

However, he has previously criticized the use of tariffs to push economic policy, describing them as "a tax on goods".

"I mean, the tooth fairy doesn't pay them! And then what? You always have to ask that question in economics. You always say, 'And then what?'" Buffett said in March, a month before Trump's policy was announced.

Additionally, in 2019, Buffett said: "If we actually have a trade war, it will be bad for the whole world. Everything intersects in the world. A world that adjusts to something very close to free trade... more people will live better than in a world with significant tariffs and shifting tariffs over time."

Spiritual_Chaos

"The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate," the ministry said. "The U.S. threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end."

Who knew China would be the sane and sound one

mickeyrat

https://www.threads.net/@thetnholler/post/DIL-yUdx43t?xmt=AQGz2MyaWiLjeGD27eSkXRNEjrm--hQLdGdw-7Pujcgvnw

🤦🏼 WHOOPS — An economist whose work Trump used to calculate the tariffs says they massively screwed up the math: “I would strongly prefer the policy be scrapped entirely, but barring that Trump should divide the results by FOUR.”
https://www.nytimes.com/2025/04/07/opinion/trump-tariff-math-formula.html

mickeyrat

https://www.threads.net/@kyivpost.official/post/DIJVm7GMolz?xmt=AQGz7yFX0iYlWWr6RYzpy1yatG9AYHW4zG00KIkjSFpk0w

The US excluded Russia from new tariffs because of ongoing peace talks with Ukraine, according to the White House – but Ukraine still faces a 10% duty on exports to the US.

https://www.kyivpost.com/post/50321

Spiritual_Chaos

mickeyrat said:

https://www.threads.net/@kyivpost.official/post/DIJVm7GMolz?xmt=AQGz7yFX0iYlWWr6RYzpy1yatG9AYHW4zG00KIkjSFpk0w

The US excluded Russia from new tariffs because of ongoing peace talks with Ukraine, according to the White House – but Ukraine still faces a 10% duty on exports to the US.

https://www.kyivpost.com/post/50321

The US is a threat to the world.