Trade Wars and Tariffs

#4,701
#4,701
Ritzwatch said:
The elevated "uncertainty" of the last few weeks hasn't hurt me a bit; in fact, it has helped me in the long run. I could buy low.

Another tip: The more uncertainty there is in the market, the more opportunity there is for wise investors. As an example, people who bought the dip are making a killing right now. So much so that now there are those complaining that Trump caused the uncertainty to further enrich himself and his "cronies." Had they realized what was really happening, and taken advantage of it, they'd be eating well tonight.

But you would rather cut and paste screenshots of AI generated google searches and twitter posts bashing the administration than turn circumstances to your advantage.

Carry on, Huff, carry on.
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Cool story. As selfish as you may be, it's not about you, bro.

You're talking about opportunities to buy stocks low, and I'm talking about the entire scope of the entire economy.
 
#4,702
#4,702
volinbham said:
trade talks by nature mean some uncertainty. we may end up in a better place and the uncertainty will have been worth it. we may end up in the same or worse place and it will have been a mistake.
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It's not the talks that cause the damage, it's the tariffs.
 
#4,703
#4,703
BeardedVol said:
So the tariffs are no longer about the repatriation of manufacturing operations to the United States?
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I am SO EXCITED about my new manufacturing job!

Will be starting shortly at minimum wage. Moving into mom's basement. Trading in truck for a Vespa.

God bless you, Donald. I knew you really really cared about me!!!

1000000077.jpg
 
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#4,704
#4,704
Vol737 said:
Send it my way. I’ll get you into some Chinese pink sheets and 1.15% CDs at the local credit union.

But seriously, if your moving to ET, I put my mom with a group that’s great. She’s super happy with their attentiveness and structure. I will likely do the same when I retire.
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Actually I am not looking for any wealth management groups. Frankly I think they are all crap. What I am looking for is a good accountant in ET that knows the laws and is willing to dig deep and push the envelope. The only reason I asked about management groups is that I wanted to see if a specific name came up. My wife is beneficiary to a small trust and the people that manage it just plain suck. I would have fired them 20 years ago.
 
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#4,705
#4,705
For anyone falling asleep at the wheel here, this "win" is a crock of ****. Everything from China still 30% more expensive. And what, pray tell, did Trump "win" as concessions from China? Anyone?

Devil's in the details. Trump doesn't do details.
 
#4,706
#4,706
MontyPython said:
I am SO EXCITED about my new manufacturing job!

Will be starting shortly at minimum wage. Moving into mom's basement. Trading in truck for a Vespa.

God bless you, Donald. I knew you really really cared about me!!!

View attachment 741565
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Right. Because before all this, they were making $.20/day.

Keep at it chump. You are on the losing side of all this. I know it's gotta sting, but Trump is winning hugely.
 
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#4,707
#4,707
MontyPython said:
For anyone falling asleep at the wheel here, this "win" is a crock of ****. Everything from China still 30% more expensive. And what, pray tell, did Trump "win" as concessions from China? Anyone?

Devil's in the details. Trump doesn't do details.
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LOL
 
#4,708
#4,708
n_huffhines said:
I'm talking about the entire scope of the entire economy.
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Except for capital flight. And good manufacturing jobs. And the tax base expanding from growing employment. And lowering drug costs. And the cost of Fentanyl deaths. And lower energy costs. And protecting IP. And not getting left behind in emerging industries. But the pricing of DollarTree chotchkies might be permanently damaged.
 
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#4,709
#4,709
MontyPython said:
I am SO EXCITED about my new manufacturing job!

Will be starting shortly at minimum wage. Moving into mom's basement. Trading in truck for a Vespa.

God bless you, Donald. I knew you really really cared about me!!!

View attachment 741565
Click to expand...

That’s not the direction 21st century manufacturing is heading. The jobs being created are designing and managing the processes and keeping the automation equipment humming. Not assembly line workers repetitively tightening down a screw or soldering a wire all day long at their station (as depicted in your picture).
 
#4,711
#4,711
n_huffhines said:
Cool story. As selfish as you may be, it's not about you, bro.

You're talking about opportunities to buy stocks low, and I'm talking about the entire scope of the entire economy.
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Awww, poor little Huffy got his feewings hurwt.

Hey Huffy, it will be o.k. We all start our lives as assholes. Fortunately, most of us develop from there. Give it a chance, you might like life in a sane world!

 
#4,712
#4,712
MontyPython said:
I am SO EXCITED about my new manufacturing job!

Will be starting shortly at minimum wage. Moving into mom's basement. Trading in truck for a Vespa.

God bless you, Donald. I knew you really really cared about me!!!

View attachment 741565
Click to expand...

Looks like a damn good job for a 16 year old to 22 year old or a person with no skills that is working at Walmart. Start here and work your way up through management so by 30 you are a manager at the plant and making a real livable wage instead of being stuck checking on self checkout machines for life and just standing around to watch for theft.
 
#4,714
#4,714
SpaceCoastVol said:
Actually I am not looking for any wealth management groups. Frankly I think they are all crap. What I am looking for is a good accountant in ET that knows the laws and is willing to dig deep and push the envelope. The only reason I asked about management groups is that I wanted to see if a specific name came up. My wife is beneficiary to a small trust and the people that manage it just plain suck. I would have fired them 20 years ago.
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You ever looked into Venture Capitalism? I threw about 100k at it last year when the banks tightened up and my return was 20k. Did a 3 year loan on a bar that needed to expand and took the equipment as collateral. They paid me back early and I’m about to help another bar. Worst case scenario they default and I seize a bar at a great rate and flip it.
 
#4,715
#4,715
Thunder Good-Oil said:
Except for capital flight. And good manufacturing jobs. And the tax base expanding from growing employment. And lowering drug costs. And the cost of Fentanyl deaths. And lower energy costs. And protecting IP. And not getting left behind in emerging industries. But the pricing of DollarTree chotchkies might be permanently damaged.
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Good list..dont forget strategic necessities. Supply chains shouldnt be held hostage to a nation that wants to crush us and supposedly has plans to take Taiwain.

We do not want a generalized decoupling from China,” he said during an interview on CNBC’s “Squawk Box.” “But what we do want is a decoupling for strategic necessities, which we were unable to obtain during Covid and we realized that efficient supply chains were not resilient supply chains.”

 
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#4,717
#4,717
SpaceCoastVol said:
Actually I am not looking for any wealth management groups. Frankly I think they are all crap. What I am looking for is a good accountant in ET that knows the laws and is willing to dig deep and push the envelope. The only reason I asked about management groups is that I wanted to see if a specific name came up. My wife is beneficiary to a small trust and the people that manage it just plain suck. I would have fired them 20 years ago.
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Go google the sale of Goldman Sachs PFM to Creative Planning. That is what I got caught up in. And I’m better off now. I don’t think there is any one big name. Whatever wealth management partner you might choose there are two issues in my opinion. One is you gotta have rapport with your advisor. They can’t be just yes men or in my case yes women. Funny thing is I wound up later at UC than I would have due to the first manager I spoke with there. Just no rapport. Then I spoke to my manager shd we hit it off immediately. And she has great rapport with my wife which is a must. When something happens to me my wife has to trust her. So that’s the first part and that happens by discussion/interview. The second is what are their back of house resources. Analysts and brokerage houses. What is their historical ROI for their various portfolio options.

But if you’re comfortable managing a huge chunk of change and actually want to do it of course you need none of that. Like I said for me I couldn’t be objective anymore so I just pay them a 1% flat fee on AUM and don’t worry. I have full visibility of where my money is and track each fund on the Apple phone app.
 
#4,720
#4,720
Thunder Good-Oil said:
That’s not the direction 21st century manufacturing is heading. The jobs being created are designing and managing the processes and keeping the automation equipment humming. Not assembly line workers repetitively tightening down a screw or soldering a wire all day long at their station (as depicted in your picture).
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Interesting.

Guess you haven't been paying attention.

And so here's the real goal of Trump's China tariffs, straight from the millionaire BILLIONAIRE cabinet member:

“The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America,” Commerce Secretary Howard Lutnick said on CBS on Sunday.

April 7, 2025
 
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#4,721
#4,721
NEO said:
You ever looked into Venture Capitalism? I threw about 100k at it last year when the banks tightened up and my return was 20k. Did a 3 year loan on a bar that needed to expand and took the equipment as collateral. They paid me back early and I’m about to help another bar. Worst case scenario they default and I seize a bar at a great rate and flip it.
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I would definitely like to get into that when I get up to ET. But I would also like to start a foundation (like Mike Rowe) and help get some of the blue collar trades guys up and running for minimal (if any actually) profit..
 
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#4,722
#4,722
MontyPython said:
And where are these new fabulous manufacturing jobs that your idol promised?
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I can understand why you believe they should appear within an hour of him making any statement touting future job growth. Your inability to grasp how the world actually works is all too obvious. But you are nothing if not entertaining.
 
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#4,723
#4,723
MontyPython said:
Interesting.

Guess you haven't been paying attention.

And so here's the real goal of Trump's China tariffs, straight from the millionaire BILLIONAIRE cabinet member:

“The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America,” Commerce Secretary Howard Lutnick said on CBS on Sunday.

April 7, 2025
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Context little buddy, context.

MARGARET BRENNAN: And you said that robots are going to fill those jobs. So those aren't union worker jobs.

SEC. LUTNICK: No, it's really automated jobs. It's automated factories- automated factories. But the key is, who's going to build the factories? Who's going to operate the factories? Who's going to make them work? Great American workers. You know, we are going to replace--

MARGARET BRENNAN: You said robots on other networks. You said that to FOX.

SEC. LUTNICK: --the armies of millions of people- well, remember, the army of millions and millions of human beings screwing in little- little screws to make iPhones, that kind of thing is going to come to America. It's going to be automated and great Americans- the tradecraft of America, is going to fix them, is going to work on them. They're going to be mechanics. There's going to be HVAC specialists. There's going to be electricians, the tradecraft of America. Our high school educated Americans- the core to our workforce, is going to have the greatest resurgence of jobs in the history of America to work on these high-tech factories, which are all coming to America. That's what's going to build our next generation of America.
 
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#4,725
#4,725
MontyPython said:
Interesting.

Guess you haven't been paying attention.

And so here's the real goal of Trump's China tariffs, straight from the millionaire BILLIONAIRE cabinet member:

“The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America,” Commerce Secretary Howard Lutnick said on CBS on Sunday.

April 7, 2025
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You think that Trump is bringing jobs that will employ millions screwing in little screws. Bless your heart.
 
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