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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • J Online
    J Online
    jon-nyc
    wrote on 12 Apr 2025, 18:05 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.

    "You never know what worse luck your bad luck has saved you from."
    -Cormac McCarthy

    1 Reply Last reply
    • J Online
      J Online
      jon-nyc
      wrote on 12 Apr 2025, 18:08 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.

      "You never know what worse luck your bad luck has saved you from."
      -Cormac McCarthy

      1 Reply Last reply
      • H Offline
        H Offline
        Horace
        wrote on 12 Apr 2025, 18:11 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
        • J Online
          J Online
          jon-nyc
          wrote on 12 Apr 2025, 20:05 last edited by
          #655

          "You never know what worse luck your bad luck has saved you from."
          -Cormac McCarthy

          J 1 Reply Last reply 12 Apr 2025, 20:46
          • J Online
            J Online
            jon-nyc
            wrote on 12 Apr 2025, 20:06 last edited by
            #656

            Another take on the asininity of the current situation

            "You never know what worse luck your bad luck has saved you from."
            -Cormac McCarthy

            1 Reply Last reply
            • A Offline
              A Offline
              Axtremus
              wrote on 12 Apr 2025, 20:13 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
              • H Offline
                H Offline
                Horace
                wrote on 12 Apr 2025, 20:13 last edited by
                #658

                It's all so completely absurd.

                Education is extremely important.

                1 Reply Last reply
                • J jon-nyc
                  12 Apr 2025, 20:05

                  J Online
                  J Online
                  jon-nyc
                  wrote on 12 Apr 2025, 20:46 last edited by jon-nyc 4 Dec 2025, 20:46
                  #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.

                  "You never know what worse luck your bad luck has saved you from."
                  -Cormac McCarthy

                  1 Reply Last reply
                  • J Online
                    J Online
                    jon-nyc
                    wrote on 12 Apr 2025, 20:50 last edited by
                    #660

                    "You never know what worse luck your bad luck has saved you from."
                    -Cormac McCarthy

                    1 Reply Last reply
                    • J Online
                      J Online
                      jon-nyc
                      wrote on 13 Apr 2025, 19:18 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.

                      "You never know what worse luck your bad luck has saved you from."
                      -Cormac McCarthy

                      1 Reply Last reply
                      • A Offline
                        A Offline
                        AndyD
                        wrote on 13 Apr 2025, 19:33 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
                        • J Online
                          J Online
                          jon-nyc
                          wrote on 13 Apr 2025, 19:41 last edited by
                          #663

                          Art of the meal?

                          "You never know what worse luck your bad luck has saved you from."
                          -Cormac McCarthy

                          1 Reply Last reply
                          • J Online
                            J Online
                            jon-nyc
                            wrote on 13 Apr 2025, 19:43 last edited by
                            #664

                            I wonder what the rare earths restriction means to Tesla.

                            "You never know what worse luck your bad luck has saved you from."
                            -Cormac McCarthy

                            1 Reply Last reply
                            • J Online
                              J Online
                              jon-nyc
                              wrote on 13 Apr 2025, 20:00 last edited by
                              #665

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

                              IMG_4140.jpeg

                              "You never know what worse luck your bad luck has saved you from."
                              -Cormac McCarthy

                              J 1 Reply Last reply 13 Apr 2025, 21:14
                              • J Online
                                J Online
                                jon-nyc
                                wrote on 13 Apr 2025, 21:10 last edited by
                                #666

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

                                "You never know what worse luck your bad luck has saved you from."
                                -Cormac McCarthy

                                1 Reply Last reply
                                • J Online
                                  J Online
                                  jon-nyc
                                  wrote on 13 Apr 2025, 21:12 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.

                                  "You never know what worse luck your bad luck has saved you from."
                                  -Cormac McCarthy

                                  1 Reply Last reply
                                  • J jon-nyc
                                    13 Apr 2025, 20:00

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

                                    IMG_4140.jpeg

                                    J Online
                                    J Online
                                    jon-nyc
                                    wrote on 13 Apr 2025, 21:14 last edited by
                                    #668

                                    @jon-nyc said in Trumpenomics:

                                    IMG_4140.jpeg

                                    IMG_4141.jpeg

                                    "You never know what worse luck your bad luck has saved you from."
                                    -Cormac McCarthy

                                    1 Reply Last reply
                                    • K Offline
                                      K Offline
                                      kluurs
                                      wrote on 13 Apr 2025, 21:41 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
                                      • J Online
                                        J Online
                                        jon-nyc
                                        wrote on 13 Apr 2025, 23:05 last edited by
                                        #670

                                        FFS. Now they’re exempting Temu and Shein.

                                        "You never know what worse luck your bad luck has saved you from."
                                        -Cormac McCarthy

                                        1 Reply Last reply
                                        • J Online
                                          J Online
                                          jon-nyc
                                          wrote on 13 Apr 2025, 23:14 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

                                          "You never know what worse luck your bad luck has saved you from."
                                          -Cormac McCarthy

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                                          13 Apr 2025, 19:18


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