Trumpenomics
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@LuFins-Dad said in Trumpenomics:
@Horace said in Trumpenomics:
The fact that the market plunged after he announced the tariffs, is proof that very few people thought he'd do this. If they thought he'd do this, it would have been priced in after he was elected. The idea that Trump cared about the stock market, was generally agreed upon.
In a way, I think that’s what made this necessary. IF this is about leverage, then it wouldn’t be a very good tool if nobody thought he would really go through with it. To his way of thinking he had no choice. I still think it’s entirely possible that within 2 weeks there are a number of reworked trade deals and things are looking far rosier. You’ll see a handful of promises to restore manufacturing and the markets will be euphoric for a few weeks.
That would be nice, but I am not optimistic. I do think some very high tariffs will be reduced through negotiations, but I don't know if the flat 10% across the board will be negotiable. I will watch the Vietnam thing, to get an indicator if Trump is willing to reduce tariffs below 10% on any country.
Since these are not real reciprocal tariffs, a country can't simply reduce tariffs on America to zero, and expect America to reciprocate that.
I think Trump is really excited about this revenue. It's like he's living out the fantasy of someone who bought a bridge, and will now charge the tolls.
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@jon-nyc said in Trumpenomics:
What’s your over/under on “greedy corporations” becoming a MAGA talking point?
It's always a talking point, by any politician seeking a vote.
Betting on the ubiquitous is a pretty safe bet.
@Jolly said in Trumpenomics:
@jon-nyc said in Trumpenomics:
What’s your over/under on “greedy corporations” becoming a MAGA talking point?
It's always a talking point, by any politician seeking a vote.
Betting on the ubiquitous is a pretty safe bet.
Except no it isn’t. Did W ever say it? Trump in his first term?
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I think they did, in one form or another.
Now, prove me wrong.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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@jon-nyc said in Trumpenomics:
What’s your over/under on “greedy corporations” becoming a MAGA talking point?
That started last week. Remember, Trump is the union candidate.
The Brad
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@Jolly said in Trumpenomics:
I think they did, in one form or another.
Now, prove me wrong.
You only think they did ?
Let me inform you that with that lame ass response the onus is on you to offer jon proof that you are correct. Not other way round as you insist.
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Every President since Teddy Roosevelt has secretly blamed The Jews for everything.
Prove me wrong.
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@jon-nyc said in Trumpenomics:
What’s your over/under on “greedy corporations” becoming a MAGA talking point?
That started last week. Remember, Trump is the union candidate.
@LuFins-Dad said in Trumpenomics:
@jon-nyc said in Trumpenomics:
What’s your over/under on “greedy corporations” becoming a MAGA talking point?
……. Remember, Trump is the union candidate.
For the expediency of the moment. Sooner or later he will turn against organized labour. Cost of labour in the US is far too high for what he thinks he is trying to accomplish.
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I've been worried about the non-tariff retaliations myself. I can see countries saying - we're done with google, meta and amazon. Not allowed here.
@xenon said in Trumpenomics:
I've been worried about the non-tariff retaliations myself. I can see countries saying - we're done with google, meta and amazon. Not allowed here.
BC is still pondering whether to toll US truck transport using provincial highways and roads en route to Alaska. It has had to rewrite - for good reason, I might add - much of the legislation it had drafted two weeks ago that among other retaliatory measures, would have to enabled BC to levy tolls on all US commercial vehicles using BC roadways to Alaska.
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@Jolly said in Trumpenomics:
I'm just sitting back, enjoying the show.
It's a complete shitshow.
It's going to create severe hardship for millions, people with no savings, living on the breadline, dependent on jobs which will now vanish. Anyone sitting back enjoying this shitshow is a shit.You mentioned Larry, the piano expert and nasty bigot who wanted to round up all Arabs in America and send them all to the middle east. I doubt he would be sitting back enjoying the show.
May he RIP. -
This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.
I think I’ve been blunt, I despise American Labor Unions. I think that they served a needed and valuable function 80 years ago, but are no longer needed, and have actually harmed American manufacturing extensively over the past 50 years. I also despise protectionist policies that go hand-in-hand with Union goals.
That being said, the response seems over the top. A little too much overreaction. Personally, I’ll tighten the belt a little (very glad the last tuition check has been cashed for Lucas) and will invest a little more aggressively over the next few weeks…
