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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • AxtremusA Offline
    AxtremusA Offline
    Axtremus
    wrote last edited by
    #648

    @Jolly , tell me what you believe Trump is thinking by exempting smartphones, computers, and other electronics from tariffs. Thanks.

    1 Reply Last reply
    • A Offline
      A Offline
      AndyD
      wrote last edited by
      #649

      In a week when I've heard of pretty ordinary folk losing £10-20k in shares & savings, this tariff rollercoaster has certainly had a mindset effect on me; and I'm guessing the same effect on millions of other ordinary folk in the US and China etc...

      In my case I bought a medium sized 5-shotgun cabinet for use as a small safe.
      Made in England.

      1 Reply Last reply
      • JollyJ Offline
        JollyJ Offline
        Jolly
        wrote last edited by
        #650

        It's all imaginary money until you access it.

        In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.

        The market goes up and it goes down. Never have all your investments in the stock market.

        “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

        HoraceH 1 Reply Last reply
        • JollyJ Jolly

          It's all imaginary money until you access it.

          In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.

          The market goes up and it goes down. Never have all your investments in the stock market.

          HoraceH Offline
          HoraceH Offline
          Horace
          wrote last edited by
          #651

          @Jolly said in Trumpenomics:

          Never have all your investments in the stock market.

          Buffet's advice to his wife after he passes, is to have 90% of their assets in an S&P index fund, and 10% in government bonds. So, not all in the market, but substantially all.

          Education is extremely important.

          1 Reply Last reply
          • jon-nycJ Offline
            jon-nycJ Offline
            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 Offline
              jon-nycJ Offline
              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 Offline
                  jon-nycJ Offline
                  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 Offline
                    jon-nycJ Offline
                    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 Offline
                          jon-nycJ Offline
                          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 Offline
                            jon-nycJ Offline
                            jon-nyc
                            wrote last edited by
                            #660

                            Only non-witches get due process.

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