Foggy47
5 year old buck +
THIS is why the tariff deals had to come early in this administration. We need some sweeping changes.....and they are happening very fast. Sadly too many people do not have much ability to see beyond the end of their noses.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Buckly
5 year old buck +
The direction of the economy since when? The last 30 days? Come on man. LOL Way too short of a time frame to be making any real analysis. One thing I do know is that Trump always wants to look good on the economy and the market. That will happen long before the midterms. This could be a strategy to get the Fed to lower interest rates faster. The boost on that that will be tremendous and when it starts he backs off the tariffs and boom the markets shoot up. One way or another the markets, the interest rates and the economy will all look better by the end of the year agreeing with Foggy.
Howboutthemdawgs
5 year old buck +
If this works there needs to be a place on Mount Rushmore for him.
Mortenson
5 year old buck +
I'm not confident it will work, lol. Maybe it will work a tad.
Howboutthemdawgs
5 year old buck +
Howboutthemdawgs
5 year old buck +
They only counter to that is, which of those countries would you want to trade economies with?
I think we have some mutually beneficial trading situations that we wouldn't be in if it didn't benefit us economically.
I think those mutually beneficial economic situations result in security for those countries AND the U.S.
Vietnam is an example of a pacific rim country that we probably care about. There are many more. Think we are talking about more at stake than a few tee shirts. And most unemployed people in 2024 are unemployed because they wanted to be. Y'know so they could smoke weed, shoplift and watch tv. Onshore all the jobs you want, they ain't going to work.
I think those mutually beneficial economic situations result in security for those countries AND the U.S.
Vietnam is an example of a pacific rim country that we probably care about. There are many more. Think we are talking about more at stake than a few tee shirts. And most unemployed people in 2024 are unemployed because they wanted to be. Y'know so they could smoke weed, shoplift and watch tv. Onshore all the jobs you want, they ain't going to work.
Buckly
5 year old buck +
I believe these tariffs will damage other Countries far more than the US. They will cave first. Carney already said yesterday he would move Canadas tariffs to zero if the US removed theirs. Time to make the phone call Carney. He won’t though because the farmers would kill him but, I see Canada caving shortly. India is having the same thoughts.
BenA
5 year old buck +
What's sad is, American companies don't know how to react. You've got some companies putting tariff charge codes on sales across the board regardless of where it came from or where it's going. They're reading headlines and passing on the costs before they even see costs. It's like a domino effect.
buckvelvet
5 year old buck +
Folks the Trump Admin has not even been in office 100 days, talking about mid terms cuz the economy sucks and someone took my ball so I want to go home, a blue tsunami is coming is cart well before horses.
The sky isn't falling, yep, stocks went down with a major policy change, shocker.
They all screamed that Biden was the 'change we needed' that ran it's course, this is Trump w/ no strings, he's not getting another term, might as well let it play out and see if America comes back to more homegrown ability.
The sky isn't falling, yep, stocks went down with a major policy change, shocker.
They all screamed that Biden was the 'change we needed' that ran it's course, this is Trump w/ no strings, he's not getting another term, might as well let it play out and see if America comes back to more homegrown ability.
Hoytvectrix
5 year old buck +
This all would have been better if they were targeted tariffs instead of across the board. Businesses could would have more clarity and local industries could react. The fact that the tariffs are pegged to trade deficits with counties doesn't add a whole lot of credibility to how the percentages were determined, or that this administration knows what they are doing.
jsasker007
5 year old buck +
I don't for one minute believe that the media will report fairly or honestly about anything Trump ever does. Trump could cure cancer and they still wouldn't give him an ounce of credit. People need to think for themselves and figure out what's good or bad without being misled on a daily basis by the people "reporting". Mass hysteria is starting to become the norm.
BuckSutherland
5 year old buck +
I bought some stocks this morning. Not too much, but I dipped my toe into the water a little. When the news gets the most bearish the guys with all the money will be buying like crazy while they try to convince the serfs to SELL cause of the volatility. Rinse and repeat......
BuckSutherland
5 year old buck +
Green day tomorrow so a bunch of puts expire worthless??? Didn't the guy from Omaha say to be greedy when others are fearful???
Speaking as probably the only member of this forum who lives paycheck to paycheck, tariffs don't scare me.
Tariffs won't make my mortgage go up.
Tariffs won't make my electric bill go up.
Tariffs won't make my cell phone plan or streaming services go up.
Tariffs won't make my car or health insurance go up.
Tariffs won't make my truck payment go up.
Tariffs won't make my taxes go up.
The only thing I routinely purchase that could be affected are gas and groceries?
Neither of them should.
I say tariff the hell out of them if it brings jobs back here, and makes wages higher due to increased competition for workers.
Tariffs won't make my mortgage go up.
Tariffs won't make my electric bill go up.
Tariffs won't make my cell phone plan or streaming services go up.
Tariffs won't make my car or health insurance go up.
Tariffs won't make my truck payment go up.
Tariffs won't make my taxes go up.
The only thing I routinely purchase that could be affected are gas and groceries?
Neither of them should.
I say tariff the hell out of them if it brings jobs back here, and makes wages higher due to increased competition for workers.
bwoods11
5 year old buck +
The old tariff guy from the first administration Wilbur Ross was on CNBC .
His idea of a tariff credit for companies like Apple (that have already agreed to spend $500 billion on new facilities)…
I thought made sense, and maybe that happens? Give big incentives to build factories /facilities in the US !
His idea of a tariff credit for companies like Apple (that have already agreed to spend $500 billion on new facilities)…
I thought made sense, and maybe that happens? Give big incentives to build factories /facilities in the US !
Foggy47
5 year old buck +
^ Good post Barndog....but there may be some small level of effect on a few of those things too.
I view the tariffs as more of a consumption tax or a FLAT tax on all consumers. Something many folks have called for over time. And I think that is fine as long as it in fact reduces our federal debts....which it will do in time if folks keep their head screwed on.
Fear is running wild with folks right now and that provides opportunities too. The sky is falling!! Some essentials are going to feel more expensive....and people will have to make value decisions on some goods. That is the way it was for most of us when we were growing up. Right?
Maybe you will need to stop buying $7.00 latte's at Starbucks?
I view the tariffs as more of a consumption tax or a FLAT tax on all consumers. Something many folks have called for over time. And I think that is fine as long as it in fact reduces our federal debts....which it will do in time if folks keep their head screwed on.
Fear is running wild with folks right now and that provides opportunities too. The sky is falling!! Some essentials are going to feel more expensive....and people will have to make value decisions on some goods. That is the way it was for most of us when we were growing up. Right?
Maybe you will need to stop buying $7.00 latte's at Starbucks?
