Trade Wars and Tariffs

#6,254
#6,254
hog88 said:
He'll come up with some BS reason rates can't be lowered.
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It will need to be a doozy. Soft labor market, decreasing wholesale prices (we’ll see about CPI Friday I guess) and while higher than desired still lower than recent years inflation.
 
#6,255
#6,255
jmacvols1 said:
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"Trump was right all along." Didn't he say we don't pay the tariff taxes, China pays most of them? Now we're pivoting to just consumers, and importers don't count as "we?" LOL

This doesn't take into account the fact that we just aren't importing the same products anymore. Yeah, the stuff that is still coming through might be showing less elasticity (for now) than maybe what we thought, but for example, my company has stopped manufacturing a whole brand of products, and we haven't replaced it. These were luxury items that we produced as affordable alternatives to the name brands. Congrats that the name brands prices didn't go up that much, though.
 
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#6,256
#6,256
CobbVol said:
The Biden manufactured numbers are becoming visible and moving toward reality. All knew the economy was crap under his administration.
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It isn’t doing great under Trump either and Trump’s needless Fed revenue grabs are hurting US mfgrs and importers. Yes hurting by either lower margins or higher prices.
 
#6,259
#6,259
jmacvols1 said:
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If the take away from what he just said is "Trump was right about Tariffs" then you've missed the boat so hard you need a life jacket. He's saying raising prices will kill demand because consumers will simply stop buying. That doesn't mean tariffs are a good thing. Rather, they're stressing the system in conjunction with inflation and weak employment so much that we're at a breaking point where consumers are close to pulling back entirely from non-essential items. In other words, buckle up for the recession.
 
#6,260
#6,260
Ashevolle said:
If the take away from what he just said is "Trump was right about Tariffs" then you've missed the boat so hard you need a life jacket. He's saying raising prices will kill demand because consumers will simply stop buying. That doesn't mean tariffs are a good thing. They're there and stressing the system so much that we're at a breaking point where consumers are close to pulling back entirely from non-essential items. In other words, buckle up for the recession.
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---the recession started back in April 2024 under Biden as job revisions show .... "Bloomberg Chief Economist's Stunning Admission: Job Revisions Confirm Recession Started In April 2024" after 911,000 downward job revision.



---PPI numbers this morning less than expected...no inflation due to tarriffs as the left wrongly predicted.
 
#6,261
#6,261
jmacvols1 said:
---the recession started back in April 2024 under Biden as job revisions show .... "Bloomberg Chief Economist's Stunning Admission: Job Revisions Confirm Recession Started In April 2024" after 911,000 downward job revision.



---PPI numbers this morning less than expected...no inflation due to tarriffs as the left wrongly predicted.
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LMFAO what a stupid ass hot take. Mfgrs and importers and getting squeezed on both ends by increased costs and decreasing prices and you’re smooth brained ass is taking a victory lap on it 🤡
 
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#6,262
#6,262

This would be great and all…if we would address the debt. We have slowed our spending down, or shifted, a good bit too due to noticeably elevated prices in some of the regular items we usually buy. And when I say “we”, I mean me. I think my wife considers it “improved pricing!” I don’t think she understands what that’s supposed to mean. Pray for me.
 
#6,266
#6,266
BeardedVol said:
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Well since we're invading Canada and Greenland anyway, we can just force them to buy our jets. I mean really since we'll be the new owners of Canada (and all those yummy jelly donuts and Moose head beers), we're just exporting these jets to ourself... which is a good thing since we'll also trip Article 5 of NATO which will oblige us to attack the United States... maybe just the blue States, though.

😜

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