Trade Wars and Tariffs

#3,626
#3,626
Flock buying anything made in Mexico. Shut the border down and ban everything made south of the border. Boycott any manufacturer moving production down there.

And yeah I'm mad! We've purchased 5 Freightliner chassis' last 2 were delivered to our body builder a couple months ago with the wrong transmissions! The 3 we have in service have been constant problems but come on, putting in the wrong transmissions, transmissions completely opposite of what were spec'ed is gross incompetence.
 
#3,628
#3,628
hog88 said:
Flock buying anything made in Mexico. Shut the border down and ban everything made south of the border. Boycott any manufacturer moving production down there.

And yeah I'm mad! We've purchased 5 Freightliner chassis' last 2 were delivered to our body builder a couple months ago with the wrong transmissions! The 3 we have in service have been constant problems but come on, putting in the wrong transmissions, transmissions completely opposite of what were spec'ed is gross incompetence.
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You should only by Mercedes Benz and Volvo heavy duty trucks.
 
#3,633
#3,633
Velo Vol said:
How could it be otherwise, when business planners don't know what costs will be a month from now?
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I ask because the tweet is based on expectations. Looks like they are overly pessimistic...at least so far.
 
#3,637
#3,637
hog88 said:
Paccar invested millions into that plant right before the last strike and told the Teamsters that if they walk it would be shuttered.
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As a kid and young man, I remember going by that place and regularly seeing the workers on strike.
 
#3,639
#3,639
Velo Vol said:
How could it be otherwise, when business planners don't know what costs will be a month from now?
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That's the problem. The Dow was down 1100 yesterday, up just under that amount today. Not that we haven't had swings before, but the last three weeks have been all over the map because the lack of stability coming from President Chaos and his minions prevents industry from planning.
 
#3,640
#3,640
lawgator1 said:
That's the problem. The Dow was down 1100 yesterday, up just under that amount today. Not that we haven't had swings before, but the last three weeks have been all over the map because the lack of stability coming from President Chaos and his minions prevents industry from planning.
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Were you this out of sorts when Obama kept changing the rules, dates and issuing exceptions to ACA which also produced swings in the market and rampant uncertainty with business?
 
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#3,641
#3,641
lawgator1 said:
That's the problem. The Dow was down 1100 yesterday, up just under that amount today. Not that we haven't had swings before, but the last three weeks have been all over the map because the lack of stability coming from President Chaos and his minions prevents industry from planning.
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A lot of people felt the same when the housing market crashed. Is the solution to elect presidents we hope will not upset our financial apple carts or to limit the power of the president and congress so they are unable to affect our financial apple carts?
 
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#3,643
#3,643
hog88 said:
Were you this out of sorts when Obama kept changing the rules, dates and issuing exceptions to ACA which also produced swings in the market and rampant uncertainty with business?
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No, but would be curious as to the range of swings in the market over three weeks then, versus now. I am doubting you will furnish those details, however.
 
#3,644
#3,644
lawgator1 said:
No, but would be curious as to the range of swings in the market over three weeks then, versus now. I am doubting you will furnish those details, however.
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I'm not even going to look. I don't think the swings were near as quick but they were more spread out and the uncertainty lasted for almost 2 years.
 
#3,645
#3,645
McDad said:
A lot of people felt the same when the housing market crashed. Is the solution to elect presidents we hope will not upset our financial apple carts or to limit the power of the president and congress so they are unable to affect our financial apple carts?
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One could just as easily make the argument that it was lack of government oversight and regulation that both 1) allowed the banks to over-leverage themselves with the bundled mortgages; and 2) allowed the banks to package as one security mortgages for people with 800 FICOs, and people with 500 FICOs.
 
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#3,646
#3,646
lawgator1 said:
One could just as easily make the argument that it was lack of government oversight and regulation that both 1) allowed the banks to over-leverage themselves with the bundled mortgages; and 2) allowed the banks to package as one security mortgages for people with 800 FICOs, and people with 500 FICOs.
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Anyone making that argument would be wrong. They made those loans because of the Clinton administration pressuring Fannie and Freddie along with exploiting the 1977 housing bill.

New York Times 1999: Clinton Administration pressured Fannie Mae to make subprime loans.

The Clinton-era Roots of the Financial Crisis
 
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#3,647
#3,647
lawgator1 said:
That's the problem. The Dow was down 1100 yesterday, up just under that amount today. Not that we haven't had swings before, but the last three weeks have been all over the map because the lack of stability coming from President Chaos and his minions prevents industry from planning.
Click to expand...
yawn
 
#3,648
#3,648
hog88 said:
Were you this out of sorts when Obama kept changing the rules, dates and issuing exceptions to ACA which also produced swings in the market and rampant uncertainty with business?
Click to expand...
but that was for the greater good buddy!
 
#3,649
#3,649
hog88 said:
Anyone making that argument would be wrong. They made those loans because of the Clinton administration pressuring Fannie and Freddie along with exploiting the 1977 housing bill.

New York Times 1999: Clinton Administration pressured Fannie Mae to make subprime loans.

The Clinton-era Roots of the Financial Crisis
Click to expand...
I think Bush was also part of that. The government wanted to push out home loans to people who didn't need home loans. They pressured banks and their lending standards and the whole thing blew up
 
#3,650
#3,650
lawgator1 said:
One could just as easily make the argument that it was lack of government oversight and regulation that both 1) allowed the banks to over-leverage themselves with the bundled mortgages; and 2) allowed the banks to package as one security mortgages for people with 800 FICOs, and people with 500 FICOs.
Click to expand...
You could make that argument. If you do make that argument, the question now becomes, if you are willing to give the leaders in DC power to protect your financial apple cart you are also willing to give the power to upset that apple cart?
 
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