I can't believe what I'm seeing from the magats. They really think this is all part of the plan.
I saw a headline that I would consider the spinniest of all spins. That trumps tariffs will help Americans overcome their “war on clutter”. So, nobody will be able to afford anything and that will result in less clutter. 😂😂😂😂😂😂😂
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.
Those who have nothing will feel the hurt when the cost of their "groceries" (it's an old-fashioned word most here have probably never heard of, it's like a bag with a lot of different thigs in it) and other every day essentials goes up by 20% or more. Which should be noticeable in a week or so.
You would assume so but I’m willing to bet they won’t. There’s a certain percentage of voters on both sides that would never admit defeat.
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 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 think that’s exactly it. When the people making decisions are billionaires, they won’t feel a thing or are playing the market to make money on the way down. It’s brutal.
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 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
"Mostly I think that people react sensitively because they know you’ve got a point"
The US is a country where one dumb-dumb person that doesn't understand what a tariff even is, can sit in the world like it's a sandbox wrecking havoc all he wants.
Starting to think it's not such a "great experiment" but rather proper broken.
"Mostly I think that people react sensitively because they know you’ve got a point"
We know what's happening with the GOP: They're scared to tell the emperor that he has no clothes.
But what's going on with Trump himself in regards to the tariffs:
He really believes this will just result in the US getting big bags of money and it's going to help the US economy and (more importantly) make him the greatest president ever.
Revenge! He's actively trying to ruin the country for not re-electing him in 2020.
Just trying to help the rich people get richer. Just being an unhinged orange Reagan.
Other?
I am leaning towards a combo of 1 and 3. I think he's dug in on this idea. Maybe he even was during his first term be he was not surrounded by enough sycophants. And #3 is always part of what he's doing.
As for #2, I've always thought that he was indifferent towards the country he's supposed to be serving. But I'm starting to understand why people think this. Maybe part of the podcast/social media love of this is the MAGA-faithful catching strays as all of this crap is owning the libs, which is what really matters.
1995 Milwaukee 1998 Alpine, Alpine 2003 Albany, Boston, Boston, Boston 2004 Boston, Boston 2006 Hartford, St. Paul (Petty), St. Paul (Petty) 2011 Alpine, Alpine 2013 Wrigley 2014 St. Paul 2016 Fenway, Fenway, Wrigley, Wrigley 2018 Missoula, Wrigley, Wrigley 2021 Asbury Park 2022 St Louis 2023 Austin, Austin 2024 Napa, Wrigley, Wrigley
Pretty sure he knows/thinks that the US is such a big and important market that companies will "make it work" - whether by lowering their margins to off set the tariff, or set up shop in the US quickly. As in, the US has the upper hand and can bully itself to work.
I don't think he believes and is ignorant to the long timelines and work it takes for companies to move production to the US. And even if they did that instead of waiting four years hoping it goes back to normal post-Trump -- US workers assembling iphones or Nintendo Switches - even with the weird Union-hate the US has - how much won't that raise the prices of products?
Post edited by Spiritual_Chaos on
"Mostly I think that people react sensitively because they know you’ve got a point"
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
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
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....
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
Post edited by Spiritual_Chaos on
"Mostly I think that people react sensitively because they know you’ve got a point"
0
brianlux
Moving through All Kinds of Terrain. Posts: 42,970
ALRIGHT! S&P DOWN ANOTHER 4% THE GOLDEN AGE IS HERE! GO MAGA!!!
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.
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
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.
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.
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
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
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.
"Oh Canada...you're beautiful when you're drunk" -EV 8/14/93
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.
0
brianlux
Moving through All Kinds of Terrain. Posts: 42,970
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
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."
"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
"Mostly I think that people react sensitively because they know you’ve got a point"
Comments
I predict he has no bottom....
The US is a country where one dumb-dumb person that doesn't understand what a tariff even is, can sit in the world like it's a sandbox wrecking havoc all he wants.
Starting to think it's not such a "great experiment" but rather proper broken.
But what's going on with Trump himself in regards to the tariffs:
I am leaning towards a combo of 1 and 3. I think he's dug in on this idea. Maybe he even was during his first term be he was not surrounded by enough sycophants. And #3 is always part of what he's doing.
As for #2, I've always thought that he was indifferent towards the country he's supposed to be serving. But I'm starting to understand why people think this. Maybe part of the podcast/social media love of this is the MAGA-faithful catching strays as all of this crap is owning the libs, which is what really matters.
2013 Wrigley 2014 St. Paul 2016 Fenway, Fenway, Wrigley, Wrigley 2018 Missoula, Wrigley, Wrigley 2021 Asbury Park 2022 St Louis 2023 Austin, Austin
2024 Napa, Wrigley, Wrigley
I don't think he believes and is ignorant to the long timelines and work it takes for companies to move production to the US. And even if they did that instead of waiting four years hoping it goes back to normal post-Trump -- US workers assembling iphones or Nintendo Switches - even with the weird Union-hate the US has - how much won't that raise the prices of products?
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
What about Ukraine, which we got 10% tariff?
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
1996; 9/28 New York
1997: 11/14 Oakland, 11/15 Oakland
1998: 7/5 Dallas, 7/7 Albuquerque, 7/8 Phoenix, 7/10 San Diego, 7/11 Las Vegas
2000: 10/17 Dallas
2003: 4/3 OKC
2012: 11/17 Tulsa(EV), 11/18 Tulsa(EV)
2013: 11/16 OKC
2014: 10/8 Tulsa
2022: 9/20 OKC
2023: 9/13 Ft Worth, 9/15 Ft Worth
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
THE GOLDEN AGE IS HERE! GO MAGA!!!
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.
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.
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful
-EV 8/14/93
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."
Who knew China would be the sane and sound one