Trade Wars and Tariffs

#2,901
#2,901
hog88 said:
Maybe if people stopped panicking (and yeah there was a lot of market manipulation) these swings wouldn't happen.
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I happened to be up a little after 6 this morning when the Chinese announced their 84% reciprocal tariff. Before the talking heads knew it had happened, the market did it's big descent. Business channels are usually really good at mentioning that kind of thing immediately especially when we all know how much impact it will have. But they were off guard. Which tells me that it isn't 'humans' that are panicking, but rather (SkyNet) is executing those trades. Granted humans put in the breakers, but still it happened instantly that the market fell off the cliff.

Buncha pussies.
 
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#2,904
#2,904
Dergibvol said:
Y'all don't think it's quite interesting that just yesterday there was a report about a 90 day pause only for the administration to come out and say no. Then about 26 hours later...bam. doesn't matter if it's a D or R they are lying to us.
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That was very interesting. Lie or not it was a preview of what will (and did) happen when the tariffs have served their purpose. There are gonna be a bunch of people with big stones that are going to get filthy rich off of this kind of play. I'm not brave enough, but I can see it coming.
 
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#2,905
#2,905
Orangeslice13 said:
if you have been reading along ….I too think there’s questionable activity with this trade war. That’s not what makes you a partisan hack. It’s your lack of concern for democrats engaging in the same and often worse behavior than Trump that you never seem to have an issue with.
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In a general sense, that is partisan. In a nuanced sense it isn't at all
 
#2,906
#2,906
You will never convince me that many of the listed companies are worth anything..Twitter, Facebook, etc..if my data is that valuable, come at me direct with an offer bro.

I was in industrial equipmentsales for 30 years, and saw exactly what NAFTA did, and even the Clinton Labor Secretary made a speech at our plant touting thebenefits to us workers in attendence. What a frekin joke, and I am not even sure that plant is still there as the other 2 closed.

Had the corporate execs taking their cues from trying to maintain investment growth with these dot.com worthless make nothing companies,which was impossible. Heaven forbid yougrow 5-10% in manufacturing.

So a confluence of horrible economic and geostrategic policy, and the stock market has become a shell of itself. About freakin time someone did somthing. China has stole trillions of IP, Killing our citizens with fentanyl precurser production, lied about covid.
 
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#2,907
#2,907
BernardKingGOAT said:
In a general sense, that is partisan. In a nuanced sense it isn't at all
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Dude you lean left but you have a standard. You don’t completely reverse your stance because it’s Biden saying it instead of Trump. That guy has zero credibility. His beliefs are whatever his team is saying today. I’m a registered Democrat. Have been my whole life. I still believe what I’ve always believed and said. That’s not even close to what the democrats are today. Republicans give lip service to some things I believe but they’re known by their fruits and they clearly don’t represent me or my beliefs. So again I ask, who am I partisan to? Who represents me? Who is it that speaks and I agree regardless of the **** that comes out of their mouths?


These hacks arguing over who is better, Biden or Trump. Neither has a leg to stand on.
 
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#2,909
#2,909
SpaceCoastVol said:
That was very interesting. Lie or not it was a preview of what will (and did) happen when the tariffs have served their purpose. There are gonna be a bunch of people with big stones that are going to get filthy rich off of this kind of play. I'm not brave enough, but I can see it coming.
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especially if they get an inside nod or from social media post (like everyone got today, but didn't realize it).
 
#2,910
#2,910
Dergibvol said:
Y'all don't think it's quite interesting that just yesterday there was a report about a 90 day pause only for the administration to come out and say no. Then about 26 hours later...bam. doesn't matter if it's a D or R they are lying to us.
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That's what a tanking bond market will do...seems that was the biggest factor in the "calculated" move.
 
#2,914
#2,914
CagleMtnVol said:
Since the vast majority of pharmaceuticals and vitamin supplements are made in China along with medical supplies etc... what's going to happen when eventually China finally goes after Taiwan and the US goes to defend it. Do you think China will continue to ship all that along with clothing and electronics to us while we're at war with each other?
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It's unbelievable that nobody seemed to be considering the fact that our trade (and that of others) gave China the resources to build a real military when China's population dwarfs that of almost any other nation. It's unbelievable that following the start of trade with China our ability to produce strategic materials from pharmaceuticals and clothing to the materials necessary to build military hardware has gone down the drain. In many cases the source for what we would need to fight a war comes from China. Our leadership (mainly a mental vacuum) apparently either never saw it coming or just didn't care - I'll go with greed at the top corporate and investment levels for the "didn't care" and combined greed and mental incompetence for the political leadership. Unfortunately even though the outcome was so clear, too many people were just fat, dumb, and happy to expend a couple of brain cells to give a rip.

Chinese trade is exactly like being on drugs - the euphoria because stuff is cheap, the don't care where it leads because if feels good to afford the stuff, the addiction leading to more imports without any thought of the consequences. And very soon there's going to be the end stage when we can't afford the stuff because we don't have people working ... who actually earns an income when you have outsourced everything and automated the rest.

Gonna be tough fighting a war when the opposition is your supplier, when he has known all along that he has strangled your ability to produce the weaponry, and his military by comparison has an almost unlimited supply of cannon fodder If nothing else, Vietnam should have told everyone in bright flashing lights and numbers that you don't win wars of attrition with Asian countries - and you especially can't do it when they have strangled your logistics and massively outnumber your population.

This stuff is just too damn obvious, and Trump was right to address the China trade problem. At the same time he was too damn stupid when he alienated the rest of the world when we really need their support on the China issue. He even has some valid points with respect to Panama and Greenland, but damn you don't go sabre rattling and all out manic when what you really need is the support - not domination or conquest of other countries.

I guess any of us who thought Trump learned something from the first go around were sadly - maybe fatally - mistaken. Trump is a mental disease.
 
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#2,915
#2,915
Vol423 said:
I use Verizon, but I own AT&T.
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Out of curiosity why? They are a textbook example of how to run a telecommunications business the wrong way. They took a huge bath on the DirectTV debacle and at least now are focused on communications only again and shed all the content provider stuff after also shedding a huge amount of money. Did you buy them after they finished their self immolation?
 
#2,917
#2,917
05_never_again said:
If the reason for rates rising is solely China selling Treasuries, why leave a 125% tariff on them?

Like most things, there isn't just a single cause for it.
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More coming out to say it was the bond market that made Trump fold like a cheap tent. This is guy is also saying this on state propaganda TV.

 
#2,918
#2,918
NEO said:
I love owning no stocks. Goes up goes down no worries my tenants rents keep coming in. I’m a simple man. I like simple things.
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I only buy in when things are on sale. Then I’m out after the rebound. But yes, property is the way to go. My favorite is raw land I take hunting leases on each year.
 
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#2,923
#2,923
lawgator1 said:
If Trump is right he will come out smelling like a rose, as the saying goes.

So far, he smells like Indian food in a used diaper, to borrow a phrase from Anchorman.

And the timeframe matters. The worry is that he and his minions will insist, as we are in the second or third quarter of recession, that recovery is always just around the corner...
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Nobody ever seems to win when politicians start playing economics. Could be politicians don't understand economics - could be economists just don't understand nearly as much as they think they do - probably both really. Your side has a nasty habit of trying to spend their way out of a depression/recession with Keynesian logic - that just doesn't work either and leads to debt, inflation, and to a great extent explains a lot about why our labor costs are completely insane when compared to much of the rest of the world. The excuse for the failure "we didn't spend enough".

Look at the nonsense during Biden's term - the inflation, and the wage spiral - exactly what we didn't need. The UAW deal was insanity that even the absurd minimum wage hikes didn't match, but dems have always worked hand in hand with unions for votes. Ever think that antitrust regulations should be in play against unions - why should a union represent an entire industry when the companies being extorted can't work together? One word - democratic politicians and vote buying.

Trump always comes out smelling like a rose whether a NY bailout when real estate prices tank or bankruptcies that leave the investors and suppliers in the lurch. Most of us would see that (bankruptcy) as a failure; Trump is like a pig in slop - doesn't care that others got burned by his incompetence and lust for wealth.
 
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