Trade Wars and Tariffs

#3,601
#3,601
hog88 said:
I absolutely agree about PPP and Trump's handling of Covid, it was dumb. But I also think Powell did Trump's bidding in 2020 by keeping the rates low, the Fed is supposed to operate independently but the reality is they don't. If you go back to Obama's term (and probably further) you can see (with hindsight of course) how the Fed carried out the admins wishes. You want to make this a Trump thing and all I'm pointing out is that Powell has a history of screwing up and needs to go. But Trump can't fire him and shouldn't try.

The only reason you are defending Powell is because Trump is going after him.
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The only reason I'm defending Powell is because he's not willing to set fire to the economy to bail out trumps decision to start a trade war.

The temporary pain of higher interest rates outweighs the long-term pain of inflation. Inflation was cooling, it wasn't the Fed that tossed a grenade into the room and closed the door. Blaming them for Donnys shenanigans is as the other poster noted, exactly what Donny wants you to do. Apparently, his rhetoric it's working.
 
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#3,602
#3,602
Where are all the Trump cheerleaders today?

That ****ing dumbass. Attacking Powell is so demonstrably asinine. The markets don't lie, Orangeblob. You're ****ing everything up you moronic twit.

Stocks fell again on Monday as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, raising questions about the central bank’s independence, while traders received few signs of progress on global trade talks.

The Dow Jones Industrial Average dropped 971.82 points, or 2.48% to close at 38,170.41. The S&P 500 shed 2.36% and ended at 5,158.20, and the Nasdaq Composite lost 2.55% to settle at 15,870.90.

“Magnificent Seven” tech titans dragged the major indexes lower, with Tesla and Nvidia respectively losing 5.8% and more than 4%. Amazon shed 3%, as did Meta Platforms. Equipment manufacturer Caterpillar declined 2.8%.

In a Truth Social post, Trump claimed that the economy would slow unless Powell — who he referred to as “Mr. Too Late, a major loser” — lowered interest rates immediately. This follows another post last week in which Trump also called for the Fed to lower rates, even hinting at Powell’s “termination” — something White House economic advisor Kevin Hassett said the president’s team was studying.

The dollar was also under pressure, hitting a three-year low as the threats ramped up. Gold, meanwhile, soared to record highs above $3,400 per ounce.
 
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#3,605
#3,605

Trump hangs another portrait of himself at the White House​

President Donald Trump has displayed another portrait of himself at the White House — this one matching his Truth Social profile picture — as he continues to redecorate the space to his taste.
 
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#3,607
#3,607
Septic said:
The only reason I'm defending Powell is because he's not willing to set fire to the economy to bail out trumps decision to start a trade war.

The temporary pain of higher interest rates outweighs the long-term pain of inflation. Inflation was cooling, it wasn't the Fed that tossed a grenade into the room and closed the door. Blaming them for Donnys shenanigans is as the other poster noted, exactly what Donny wants you to do. Apparently, his rhetoric it's working.
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Yet he willingly set fire to it in 2020 and kept stoking the flames for 3 more years.

We need to get rid of the Federal Reserve.
 
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#3,608
#3,608
JFC. Before the FED, the US averaged a Panic/Depression every 5 years. None of us know prolonged economic pain because the Fed exists. Yeah there's problems but some perspective would be nice.
 
#3,609
#3,609
mrorange211 said:
JFC. Before the FED, the US averaged a Panic/Depression every 5 years. None of us know prolonged economic pain because the Fed exists. Yeah there's problems but some perspective would be nice.
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It was actually about every 2 years between recessions which kind of makes that stat a joke. We've had 2 actual depressions in our history 1 prior to the Fed and 1 since and 2 actual major recessions prior to the creation of the Fed. We've had more actual long term recessions since the Feds creation than prior.
 
#3,612
#3,612
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#3,613
#3,613
hog88 said:
It was actually about every 2 years between recessions which kind of makes that stat a joke. We've had 2 actual depressions in our history 1 prior to the Fed and 1 since and 2 actual major recessions prior to the creation of the Fed. We've had more actual long term recessions since the Feds creation than prior.
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I could make a lot of money in the emotional stock market if there was a recession every two years. It wouldn't take me too long to not need to strike a lick again.
 
#3,614
#3,614
CobbVol said:
China is notorious for dumping steel on foreign shores to keep their mills running at high capacity.

From the article:

The government on Monday imposed a provisional safeguard duty of 12% on imports of key steel products, including hot rolled coils (HRC), in view of a surge in shipments of the alloy varieties from several countries, especially China.

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Won't be long until we - as consumers - get hit with significantly higher prices on all the stuff historically imported from China.
 
#3,615
#3,615
MontyPython said:
Where are all the Trump cheerleaders today?

That ****ing dumbass. Attacking Powell is so demonstrably asinine. The markets don't lie, Orangeblob. You're ****ing everything up you moronic twit.

Stocks fell again on Monday as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, raising questions about the central bank’s independence, while traders received few signs of progress on global trade talks.

The Dow Jones Industrial Average dropped 971.82 points, or 2.48% to close at 38,170.41. The S&P 500 shed 2.36% and ended at 5,158.20, and the Nasdaq Composite lost 2.55% to settle at 15,870.90.

“Magnificent Seven” tech titans dragged the major indexes lower, with Tesla and Nvidia respectively losing 5.8% and more than 4%. Amazon shed 3%, as did Meta Platforms. Equipment manufacturer Caterpillar declined 2.8%.

In a Truth Social post, Trump claimed that the economy would slow unless Powell — who he referred to as “Mr. Too Late, a major loser” — lowered interest rates immediately. This follows another post last week in which Trump also called for the Fed to lower rates, even hinting at Powell’s “termination” — something White House economic advisor Kevin Hassett said the president’s team was studying.

The dollar was also under pressure, hitting a three-year low as the threats ramped up. Gold, meanwhile, soared to record highs above $3,400 per ounce.
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I think its well established Trumps pretty much a faux schoolyard bully with mild mental retardism.
 
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#3,617
#3,617
BernardKingGOAT said:
There's nothing "leftist" about it. If you're not trolling, that's dumb AF. Standard, dumb downed response
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The anti-Trump narrative being parroted by the usual posters comes from MSNBC and the other MSM outlets. Leftist, liberal, and or DNC talking points. Take your pick. It’s emotional projecting. Orange Man bad. EL could cover it with one post. Instead it gets dusted off and is chronically reposted at every opportunity and the leftist board acolytes chime in with their usual drivel.
 
#3,618
#3,618
Thunder Good-Oil said:
The anti-Trump narrative being parroted by the usual posters comes from MSNBC and the other MSM outlets. Leftist, liberal, and or DNC talking points. Take your pick. It’s emotional projecting. Orange Man bad. EL could cover it with one post. Instead it gets dusted off and is chronically reposted at every opportunity and the leftist board acolytes chime in with their usual drivel.
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Whatever. The comment itself isn't ideological. It's Trump's MO, regardless of your tribal drivel
 
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#3,620
#3,620
Thunder Good-Oil said:
The anti-Trump narrative being parroted by the usual posters comes from MSNBC and the other MSM outlets. Leftist, liberal, and or DNC talking points. Take your pick. It’s emotional projecting. Orange Man bad. EL could cover it with one post. Instead it gets dusted off and is chronically reposted at every opportunity and the leftist board acolytes chime in with their usual drivel.
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Are you trying to claim that any criticism of Trump that also happens to be shared on those networks is simply a leftist talking point? Seriously?

Trump is having some truly magnificent failures right now. Trying to shrug those off as just leftist talking points is really a pathetic stance.
 
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