Trumpenomics
-
And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.
I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.
It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.
“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
-
It is also strategic. You cannot depend on steel, aluminum….when those commodities come from adversarial nations or nations prone to a threat of instability.
I beg your pardon, Foghorn, but the major source of steel and aluminum imports into the US is Canada.
Stop with your bullshit. You understand sweet fuck all. In fact you’re like a blind queer at a weenie roast on this- you don’t know what the hell is happening out there. You’re just making shit up while you carry
the waterTrumpigula’s catheter bag. -
And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.
I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.
It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.
@Jolly said in Trumpenomics:
And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.
It's where 401ks and IRAs generally are, and that touches a huge swath of people. And it is the report card of corporate health in America, which is where the jobs come from. It is a huge deal, and acknowledging that does not depend on anybody having all their eggs in a single basket.
All that said, one would be hard pressed to find a better vehicle for wealth generation than the stock market, over any of our lifetimes. Folksy wisdom about diversification into "something else" would be difficult to justify with historical results. Admittedly, gold has actually held up well over the past 25 years compared to the stock market. Real estate hasn't.
-
Farmland. Good farmland.
Has outperformed the stockmarket since about 1900, IIRC.
“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
-
-
@Jolly said in Trumpenomics:
Farmland. Good farmland.
Has outperformed the stockmarket since about 1900, IIRC.
Ok, invest in farmland REITs. But that would still be the stock market. And if the REITs aren't the same thing as "investing in good farmland", then I wonder if you're talking about a business involving the ownership of farmland, rather than a set it and forget it investment. My dad's family farm did not exactly make anybody rich, not while they were farming it and not after they sold it, I can tell you that.
-
For years, they've been telling us not to rely on Social Security, and invest in 401K's. Now they're fucking the market up for the greater good and yet somehow we're the fools.
-
Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
@Horace said in Trumpenomics:
Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
Hey, I get a percentage of every sale I make. I’m sure I can twist that to come across as I just got a raise…
-
So… Does anybody think new American piano manufacturing will open up? Does European pianos going up so much allow Steinway to raise their prices? Digital pianos just got a lot more expensive, too.
-
Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
@Horace said in Trumpenomics:
You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?
You know what they say about generals preparing to fight the last war....
-
@Horace said in Trumpenomics:
You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?
You know what they say about generals preparing to fight the last war....
@Doctor-Phibes said in Trumpenomics:
@Horace said in Trumpenomics:
You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?
You know what they say about generals preparing to fight the last war....
Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.
Education is extremely important.
-
@Doctor-Phibes said in Trumpenomics:
@Horace said in Trumpenomics:
You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?
You know what they say about generals preparing to fight the last war....
Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.
@Horace said in Trumpenomics:
Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.
The fathers of many politicians were toolmakers.
-
@Doctor-Phibes said in Trumpenomics:
@Horace said in Trumpenomics:
You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?
You know what they say about generals preparing to fight the last war....
Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.
@Horace said in Trumpenomics:
@Doctor-Phibes said in Trumpenomics:
@Horace said in Trumpenomics:
You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.
How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?
You know what they say about generals preparing to fight the last war....
Manufacturing jobs are nobody's American dream. If they are part of a story of an achieved American dream, they'll be the story of a successful person's parents, to illustrate how in touch the successful person is, with struggle.
I’ll disagree with you, there.
-
Who knew?
Link to video -
-
Wonder what would happen if countries were asked for a show of hands of how many nations feel it is a good time to end using the US dollar as the reserve currency for trade?
In January the BRICS countries were considering such. In response Trump threw a tantrum:
I doubt if tantrums will act as a credible deterrent to them.
-
