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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote last edited by
    #652

    Right but Buffet’s wife’s standard of living won’t change if she takes a 30% hit in her equities.

    When you’ve made just enough, you need to be more conservative as you age so you don’t get clobbered by a downturn that you don’t have time to recover from. When you’ve made far more than you’d ever need, you can invest for future generations (ie the long term) even if you’re 85.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote last edited by
      #653

      The Wall Street editor of The Economist magazine had this to say about the exemption for Chinese made electronics:

      If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • HoraceH Offline
        HoraceH Offline
        Horace
        wrote last edited by
        #654

        I guess he has those people in the bag politically anyway. The people with 401ks and a nest egg to protect, on the other hand, were probably easy swing voters.

        Education is extremely important.

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote last edited by
          #655

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          jon-nycJ 1 Reply Last reply
          • jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote last edited by
            #656

            Another take on the asininity of the current situation

            Only non-witches get due process.

            • Cotton Mather, Salem Massachusetts, 1692
            1 Reply Last reply
            • AxtremusA Offline
              AxtremusA Offline
              Axtremus
              wrote last edited by
              #657

              Maybe we just don't understand what Trump is getting at.
              @Jolly, tell us what you believe Trump is thinking by exempting smartphones, computers, and other electronics from tariffs. Thanks.

              1 Reply Last reply
              • HoraceH Offline
                HoraceH Offline
                Horace
                wrote last edited by
                #658

                It's all so completely absurd.

                Education is extremely important.

                1 Reply Last reply
                • jon-nycJ jon-nyc

                  jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by jon-nyc
                  #659

                  @jon-nyc said in Trumpenomics:

                  ChatGPT gave me an estimate of 4-7 years to build a large aluminum smelting plant in the US at a cost of ~$5B per million tons of annual output. Oh and that assumes you have 15-20 terawatt hours per year of electricity generation nearby, enough to power about 1MM homes.

                  So yeah, no one’s doing that based on a tariff that might not last until June, let alone 2030.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • jon-nycJ Online
                    jon-nycJ Online
                    jon-nyc
                    wrote last edited by
                    #660

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    1 Reply Last reply
                    • jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote last edited by jon-nyc
                      #661

                      We import >80% of our rare earths from China.

                      I wonder if they’ve told Trump to request a call.

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      1 Reply Last reply
                      • A Offline
                        A Offline
                        AndyD
                        wrote last edited by
                        #662

                        Just wanted to say POTUS is looking well, a bit thinner in the face and very healthy. Anyone noticed a difference?

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote last edited by
                          #663

                          Art of the meal?

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • jon-nycJ Online
                            jon-nycJ Online
                            jon-nyc
                            wrote last edited by
                            #664

                            I wonder what the rare earths restriction means to Tesla.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote last edited by
                              #665

                              The WH announcement literally was called "Clarification of Exceptions", lardass.

                              IMG_4140.jpeg

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              jon-nycJ 1 Reply Last reply
                              • jon-nycJ Online
                                jon-nycJ Online
                                jon-nyc
                                wrote last edited by
                                #666

                                Jesus. How do they expect businesses to make any decision whatsoever?

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • jon-nycJ Online
                                  jon-nycJ Online
                                  jon-nyc
                                  wrote last edited by
                                  #667

                                  The most charitable explanation is that Navarro/Lutnick just take their fight public after losing a skirmish in a conference room somewhere.

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  1 Reply Last reply
                                  • jon-nycJ jon-nyc

                                    The WH announcement literally was called "Clarification of Exceptions", lardass.

                                    IMG_4140.jpeg

                                    jon-nycJ Online
                                    jon-nycJ Online
                                    jon-nyc
                                    wrote last edited by
                                    #668

                                    @jon-nyc said in Trumpenomics:

                                    IMG_4140.jpeg

                                    IMG_4141.jpeg

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • kluursK Offline
                                      kluursK Offline
                                      kluurs
                                      wrote last edited by
                                      #669

                                      As for an update on "Drill, Baby, Drill", more drills were shut down in the past week than in the past 2 years.

                                      1 Reply Last reply
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote last edited by
                                        #670

                                        FFS. Now they’re exempting Temu and Shein.

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • jon-nycJ Online
                                          jon-nycJ Online
                                          jon-nyc
                                          wrote last edited by jon-nyc
                                          #671

                                          'We will make things more difficult for American companies with Chinese supply chains, but ensure that direct sales from Chinese factories aren't inconvenienced'

                                          -Art Of The Deal

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          1 Reply Last reply
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