That makes sense in theory, but its not practical. No business in their right mind will shut down operations for months/years to send their tools back to a vacant warehouse stateside with large capital costs and THEN increased costs in labor. Disruptions in production and overwhelming capital costs including training a brand new work force just isn't something 99% of companies have the capability for, let alone the tolerance.
I've seen it done and one of our largest customers is moving a massive production line from one country to another it as we speak. Large, multinational corporations shift production from one country to another frequently and it is really not the obstacle that it once was, even for somewhat complex manufacturing operations. Many of the large companies already have operations in the US, so they would not be starting from scratch with their workforce, but rather moving workers from other facilities to assist with the transition.
And a steep price increase. We have benefited from cheaper labor overseas.
So then what is the point of all these tariffs? Bring the manufacturing home so robots can do 90% of the work? I agree with continually improving and automating systems, it costs jobs but is a necessary advancement.
I used to subscribe to Money and Mutual Funds magazines when I was younger. It was a long time ago, but it was overwhelming policy that people nearing retirement needed to be out of equities and into stable investments or cash. I know there's alot of forces at play, so has that idea been abandoned in the past decade or two? With inflation eating at cash and lower interest rates making savings accounts, bond funds, etc poor choices?
No clue honestly. I’m not at retirement age and may never be at this rate. But I’m just drawing a parallel to land and safety in terms of investing. Trust me I’m not advocating for higher land prices but if you were a relatively high net worth individual who was heavily invested in the market to the tune of high 6-7 figures, I’d be crapping a blue goose right now. I’d feel much better riding out 4 years of chaos in land. Besides a passive retirement account, I only have a play trading account. So glad I went so deep in land instead.
Land and real estate is only on their mind if it delivers cash flow. Vacant land is a cash suck for taxes unless flipped, not like rental money coming in every month. The old farts nearing retirement age have seen this before. 1987 Black Monday, dot com bubble pop right at end of 1990s, the great recession 2008-2009 (that was a bit harsh with 42% evaporation of personal 401k in one year) and all the other blips like COVID and 2022.
And that would be me. Peter Doocey asked Caroline Leavitt that exact question - what about the retirees retirement accounts and lowering cd rates - she tried to brush it off and switched to “this is for future generations”. Of course, had she said “this is going to hammer the retirees but help the future generations” - it would not have gone over quite as well.
The lies are rampant…just like the rates shown on the big beautiful poster board of what other countries charge us.And that would be me. Peter Doocey asked Caroline Leavitt that exact question - what about the retirees retirement accounts and lowering cd rates - she tried to brush it off and switched to “this is for future generations”. Of course, had she said “this is going to hammer the retirees but help the future generations” - it would not have gone over quite as well.
The declining market is not a “purchasing opportunity” for me as so many say. Many retirees - me included - do not have a pile of cash just laying around awaiting the right investment opportunity. If I did have any “extra” money - I would horde it to be used in these unknown times, in the event prices start escalating on products we actually need - like food
In addition, I believe Trump uses a very poor choice of words when he describes tariff generated money with “trillions of dollars coming into the country”. That money is not coming into the country - it is already here - to be paid by US companies and US consumers. Maybe he meant to say “coming into the government” and not “the country.” I guess he didnt want to suffer the outfall if he told the truth.
