Trade Wars and Tariffs

#1,476
#1,476
volbound1700 said:
I will say this, half of Defense spending is VA, Military Salaries, etc. It is personnel related. However, that isn't too far of a stretch to imagine as the greatest expense for most companies is the staff/employees.
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That’s why I’m excited about things like 10k layoffs. If you assume an average of 100k between salaries and benefits you end up with 1 billion.

A number many said Trump/Musk would be incapable of cutting
 
#1,478
#1,478
Vol737 said:
When I read The Creature from Jekyll Island…scared the 💩 out of me. Not if, but when. You try to work around this stuff, be smart about debt, investing, cash on hand, etc., but these guys still own the game. Last go around (08/09) markets lost 50% ish. I’m not as much worried about the market as I am what the next go round will usher in as far as govt regs, mandates, a new currency or crypto. Feels like a set up.
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That book should be required reading for all HS kids.
 
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#1,482
#1,482
Vol8188 said:
I’ve had time to catch up on Trump’s latest tariff policy and it is full retard.

If he had done reciprocal tariffs like he claimed, I do like that. But these are not reciprocal tariffs but rather tariffs based in trade deficits.

The same backwards thinking that claims billionaires are rich because they stole from you is the same nonsense that Trump has fallen for with his crusade against tariffs.

I have a trade deficit with my landscaper. That does not mean my landscaper is taking advantage of me.

Edit: meant to say “his crusade against trade deficits”, not tariffs, he loves those
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Good post.
 
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#1,485
#1,485
Ritzwatch said:
This doesn’t exactly answer the question, but it is illustrative of the disproportionate share of our public money that is consumed by health care spending.

North Carolina’s state budget for the year ending 2024 was about 33.3 Billion.

North Carolina’s Medicaid budget was approximately 28.8 Billion.

In other words, North Carolina spent almost as much on Medicaid as they spent on everything else. In fact, if you remove NC’s 5 billion+ budget contribution to their Medicaid reimbursements, NC spent the same amount on Medicaid as they did their entire remaining budget - roads, schools, courts, prisons, agriculture, scholarships - everything. Even assuming the health care public policy commitment is the proper and moral thing to do, the amount spent is staggering when you think about it.

This doesn’t even account for Medicare spending.

Here is a link, if you are wonkish enough to be interested;

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medicaid.ncdhhs.gov
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Interesting, usually at local level, it is education. In my county, 71% of our sales tax goes to Education.
 
#1,486
#1,486
volbound1700 said:
Interesting, usually at local level, it is education. In my county, 71% of our sales tax goes to Education.
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Do you feel like that investment yields results commensurate with the investment?

I don’t think it does when it comes to US healthcare. For what we spend vs other countries I don’t know that our healthcare outcomes reflect the investment.

Not saying it is not a noble purpose/policy; just remarking on investment vs return on that investment.

I believe the US ranks first in per capital spending on health care, by a fairly wide margin.

Our healthcare outcomes, well, they aren’t what you would expect given the investment.
 
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#1,489
#1,489
Guess EV realized his “they used chat gpt” claim was stupid and took it down already
 
#1,490
#1,490
Vol8188 said:
That’s why I’m excited about things like 10k layoffs. If you assume an average of 100k between salaries and benefits you end up with 1 billion.

A number many said Trump/Musk would be incapable of cutting
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Aaaaaand Congress just proposed a $5 trillion debt ceiling increase.

If they can lay off about 50 million more people we'll be back to where we are now.
 
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#1,492
#1,492
Vol8188 said:
I’ve had time to catch up on Trump’s latest tariff policy and it is full retard.

If he had done reciprocal tariffs like he claimed, I do like that. But these are not reciprocal tariffs but rather tariffs based in trade deficits.

The same backwards thinking that claims billionaires are rich because they stole from you is the same nonsense that Trump has fallen for with his crusade against tariffs.

I have a trade deficit with my landscaper. That does not mean my landscaper is taking advantage of me.

Edit: meant to say “his crusade against trade deficits”, not tariffs, he loves those
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While what you are saying here is true, how does the U.S. recoup the money that flows out of the country for the imbalances over a long period of time? Print more bills? Just wondering is all. It's a little bigger than a landscaper.
 
#1,493
#1,493
norrislakevol said:
While what you are saying here is true, how does the U.S. recoup the money that flows out of the country for the imbalances over a long period of time? Print more bills? Just wondering is all. It's a little bigger than a landscaper.
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What is there to recoup? You’ve lost me here. You think we are losing money?
 
#1,495
#1,495
Vol8188 said:
What is there to recoup? You’ve lost me here.
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You receive a paycheck or paychecks for the work you do. Our country does not receive this. Thus you can get paid and then pay your landscaper, while our country as a whole doesn't get paid for any services rendered. Dollars out.....where's the dollars in?
 
#1,497
#1,497
norrislakevol said:
You receive a paycheck or paychecks for the work you do. Our country does not receive this. Thus you can get paid and then pay your landscaper, while our country as a whole doesn't get paid for any services rendered. Dollars out.....where's the dollars in?
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The dollars in are in the form of excess value from trade. If you can import x for 10% less than you can buy it here, you have a net benefit.

If you’re literally talking about the physical dollars themselves (something that is coming far more of a concept than a reality), those come back to us through exchange rates and improve the value of the dollar
 
#1,498
#1,498
Vol8188 said:
The dollars in are in the form of excess value from trade. If you can import x for 10% less than you can buy it here, you have a net benefit.

If you’re literally talking about the physical dollars themselves (something that is coming far more of a concept than a reality), those come back to us through exchange rates and improve the value of the dollar
Click to expand...
 

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#1,499
#1,499
McDad said:
@BowlBrother85
@Carl Pickens

My bank has their panties in a twist too. I've got a whole new level of scrutiny on my loans. She mentioned recession.
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I agree with @NEO. This started last year.
The raising of the interest rates really cooled off the economy.
Couple that with increased catastrophes and the impacts on insurance capacity and increased costs and everyone’s on edge.

www.frbsf.org

Economic Effects of Tighter Lending by Banks - San Francisco Fed

Banks tightened the criteria used to approve loans over the past year. Analysis shows that their tighter lending standards can be partially explained by economic conditions that reduce demand for loans and increase their potential risk, such as policy rate increases and a slowing economy. The...
www.frbsf.org www.frbsf.org
 
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