Zarathud wrote: Mon Apr 07, 2025 11:06 pm
The market tried to pretend Trump would be restrained and not unleash the leopards to eat America’s face. Instead, they’d get tax cut cake and ice cream. We were warned in three elections.
Smoove_B wrote: Wed Apr 09, 2025 10:25 am
"This is a great time to buy!"
People can't afford housing, medical care or groceries but sure, they're sitting around and waiting to buy stocks on a dip.
You know he's not talking to regular people here. He doesn't give a fuck about them.
I believe he's talking to his base, trying to reassure them that everything is fine. His lack of sincerity goes without saying, of course.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 10:46 am
by LordMortis
It's a great time to BUY! There is more short selling to do by insiders before I announce the next round of tariffs, DOGE layoffs, and cuts to funding are made public. When the GOP are done publicly traded businesses will be so lean with efficiency, you might call them starving.
Also, as someone who sells covered calls, the positions I am in are dead. There is very little speculation going on (which is an unreliable income source for me). People are offering very little for calls and that's at prices 20% or more off their high. I wonder what will happen by the 17th before Easter when the 3rd Friday hit. I'm not smart enough to know if that's a broader sentiment nor what it means if it is. One thing is probable, though, after the market closes on the 17th there will be some sort big announcement from the GOP administration and Chaos will ensue.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 10:59 am
by Smoove_B
Brian wrote: Wed Apr 09, 2025 10:37 am
You know he's not talking to regular people here. He doesn't give a fuck about them.
And overwhelmingly it's the regular people that (1) voted for him and (2) hang on his every word. Kinda weird, right?
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 11:46 am
by El Guapo
I feel so odd watching the stock market. Like I don't want the stock market to go down of course, but at the same time it should, and I also want there to be some semblance of logic left in the world.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 12:09 pm
by LordMortis
El Guapo wrote: Wed Apr 09, 2025 11:46 am
I feel so odd watching the stock market. Like I don't want the stock market to go down of course, but at the same time it should, and I also want there to be some semblance of logic left in the world.
Yeah, especially when it going down hurts me personally so mush, as with anyone in my age range with no pension but rather lived for their future with IRAs and 401Ks. My assumption is the younger have a longer horizon for their money and live through these things while older people have mostly moved to short term means of drawing down their life savings. Though I suppose in 2008, people of the age before my had to cope, and did people in 2000, etc...
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
El Guapo wrote: Wed Apr 09, 2025 11:46 am
I feel so odd watching the stock market. Like I don't want the stock market to go down of course, but at the same time it should, and I also want there to be some semblance of logic left in the world.
Yeah, especially when it going down hurts me personally so mush, as with anyone in my age range with no pension but rather lived for their future with IRAs and 401Ks. My assumption is the younger have a longer horizon for their money and live through these things while older people have mostly moved to short term means of drawing down their life savings. Though I suppose in 2008, people of the age before my had to cope, and did people in 2000, etc...
The biggest impact on things like 2008, 2020, and now are to people who were planning to retire those (this) years. It would suck.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
El Guapo wrote: Wed Apr 09, 2025 11:46 am
I feel so odd watching the stock market. Like I don't want the stock market to go down of course, but at the same time it should, and I also want there to be some semblance of logic left in the world.
Yeah, especially when it going down hurts me personally so mush, as with anyone in my age range with no pension but rather lived for their future with IRAs and 401Ks. My assumption is the younger have a longer horizon for their money and live through these things while older people have mostly moved to short term means of drawing down their life savings. Though I suppose in 2008, people of the age before my had to cope, and did people in 2000, etc...
The biggest impact on things like 2008, 2020, and now are to people who were planning to retire those (this) years. It would suck.
I was planning on early retirement at 55 in 3.5 years. I was on target with a 90% confidence rate. Welcome to the 10%.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
El Guapo wrote: Wed Apr 09, 2025 11:46 am
I feel so odd watching the stock market. Like I don't want the stock market to go down of course, but at the same time it should, and I also want there to be some semblance of logic left in the world.
Yeah, especially when it going down hurts me personally so mush, as with anyone in my age range with no pension but rather lived for their future with IRAs and 401Ks. My assumption is the younger have a longer horizon for their money and live through these things while older people have mostly moved to short term means of drawing down their life savings. Though I suppose in 2008, people of the age before my had to cope, and did people in 2000, etc...
The biggest impact on things like 2008, 2020, and now are to people who were planning to retire those (this) years. It would suck.
This would be me. Happy I get to live through it again.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:05 pm
by Blackhawk
There are times that I'm glad I'm dirt poor, and investments were never an option.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
China's finance ministry has announced an 84% tariff on goods imported from the US as it retaliates against new levies imposed by the White House.
The hike in tariffs, from 34%, came as US President Donald Trump's 104% tariff on Chinese goods came into force.
Beijing says the new charges will take effect from Thursday.
China has called for the world to unite against Trump's tariffs as the country's exporters reel from the crippling new levies.
"Global unity can triumph over trade tyranny," declared an editorial in the state-run newspaper China Daily, noting Beijing's collaborations with Japan, South Korea and other Asian economies.
A separate piece called for the European Union to work with it to "uphold free trade and multilateralism".
Remember, Congress could stop this at any time, but they aren't.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:17 pm
by LordMortis
Smoove_B wrote: Wed Apr 09, 2025 1:14 pm
Remember, Congress could stop this at any time, but they aren't.
So much this.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:39 pm
by Zarathud
LordMortis wrote:
Smoove_B wrote: Wed Apr 09, 2025 1:14 pm
Remember, Congress could stop this at any time, but they ARE BLOCKED BY REPUBLICAN LEADERSHIP.
So much this.
Fixed that for you. If it came to a vote, I expect Trump would be abandoned. Tariffs are that toxic.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Smoove_B wrote: Wed Apr 09, 2025 1:14 pm
Remember, Congress could stop this at any time, but they aren't.
So much this.
Because they are either abject morons or venal pieces of shit. Or I guess it could be both.
Ways and Means Chair, Jason Smith, folks:
Joe Kernan (loves lobbing softballs to GOP guests and even he can't is having trouble tossing something for this guy to hit): Ok, that helps. The negotiation camp helps when we hear that but then a lot of times hopes are then dashed a half an hour later by a tweet from the President or by comments from the other faction. Can I ask you about the...[Smith interrrupts] yeah, go ahead...
Jason Smith, the esteemed sycophantic fuck from Missouri: So Joe, what i will say is a lot of peple get distracted because the President talks about all the revenues that's gonna come from the tariffs. He's talking about the revenue that's going to come from the tariffs of the countries that's not willing to negotiate. That's where the revenue tariff's [??] gonna come. The countries that then come in and treat us fairly, then we're going to make an agreement [??].
Joe: You mean that...so we have tariffs on them and then when the imports come in...if..it's people here that are paying the tariffs...aren't they, Mr. Chairman? What do you mean that countries are paying the tariffs?
Jason Smith tries to not answer: The people here also pay by losing their jobs in rural America when those factories close because of the unfair trade practices...
Joe: The money that the President always says that he's collecting...where's he getting that, the countries aren't paying that to the Treasury.
Jason Smith: It...it's the...it's the producers in those countries that's trying to sell to US consumers, that is...that is having a less of an income that's coming from it. What we do know...
Joe: Probably because they can't sell...
Jason Smith: Yeah, well we do know without a doubt is that...that...um...this president is much more focused on Main Street than Wall Street. He has said that time and time again. He is fighting for those people who have been overlooked for such a long time.
President Donald Trump announced a 90-day pause on the full effect of his new tariffs for at least some countries.
Trump also said that he was raising the tariffs imposed on imports from China to 125% “effective immediately” due to the “lack of respect that China has shown to the World’s Markets.”
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:49 pm
by LordMortis
Holman wrote: Wed Apr 09, 2025 1:42 pm
Trump has apparently announced a 90-day pause on most tariffs, with the exception of China. The stock market is roaring back up on the news.
So Trump blinked, and the damage to our reputation and credibility is still done.
Blinked or manipulated? Also roaring is relative. It's taking back less than 1/3 of what it's lost by my glance. (Though it may still rip higher)
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:52 pm
by Enough
Just one epic shitshow after the next to distract me from the horrific effects of these policies have on people across the globe.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
President Donald Trump announced a 90-day pause on the full effect of his new tariffs for at least some countries.
Trump also said that he was raising the tariffs imposed on imports from China to 125% “effective immediately” due to the “lack of respect that China has shown to the World’s Markets.”
LOL at raising tariffs on China while pausing them on almost everyone else.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:54 pm
by Max Peck
It's fun trying to decipher American economic policy from his social media blatherings. On the one hand, he announced a 90 day pause (whatever that means) but also a 10% tariff across the board, all effective immediately. So all imports are still going to be at least 10+% more expensive, correct?
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 1:57 pm
by LawBeefaroni
It's pretty obvious that whether the "90 day pause fake news" on Monday was intentional or not, the administration definitely noticed how it moved markets and whipped it out today to stop the bleeding.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:03 pm
by Pyperkub
One thing to go with these tariffs is that they probably aren't as much about trade deficits and re-onshoring manufacturing as they are about the attempt to get the rest of the world to bend the knee and kiss Trump's a**, much like the Oval Office meeting w/Zelensky.
The only thing we are actually investing in building right now is Concentration Camps.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:20 pm
by raydude
Holman wrote: Wed Apr 09, 2025 1:42 pm
Trump has apparently announced a 90-day pause on most tariffs, with the exception of China. The stock market is roaring back up on the news.
So Trump blinked, and the damage to our reputation and credibility is still done.
This is a freaking joke. The rest of the world should just slap him with tariffs anyway and say "You fucked around, now you're finding out".
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Holman wrote: Wed Apr 09, 2025 1:42 pm
Trump has apparently announced a 90-day pause on most tariffs, with the exception of China. The stock market is roaring back up on the news.
So Trump blinked, and the damage to our reputation and credibility is still done.
This is a freaking joke. The rest of the world should just slap him with tariffs anyway and say "You fucked around, now you're finding out".
This is what Canada has been doing. And the minute we did so, he cried out that Canada was not playing fairly. Despite the fact the was the one to initiate it.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:35 pm
by Smoove_B
Yeah, I noticed at some point last week I think that the Bluesky embeds weren't working anymore, but I wasn't sure.
This has to be a proof-of-concept experiment to see if someone in the administration can trick Trump into manipulating the markets for short-term gain. I don't believe his smart enough, but enjoys thinking he has this much power (which he apparently does).
The idea that a single person can have that much impact on our national and global economy just by making idiotic EOs seemingly at the drop of a hat should be sending Congress into immediate action to stop it. I mean, unless of course they're in on the scheme and making tons of money on both ends of the manipulation. /Drazzil
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:51 pm
by Blackhawk
In order to really take advantage of that, they'd first have to find a way to keep the SEC off of their backs.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:51 pm
by Drazzil
Smoove_B wrote: Wed Apr 09, 2025 2:35 pm
Yeah, I noticed at some point last week I think that the Bluesky embeds weren't working anymore, but I wasn't sure.
This has to be a proof-of-concept experiment to see if someone in the administration can trick Trump into manipulating the markets for short-term gain. I don't believe his smart enough, but enjoys thinking he has this much power (which he apparently does).
The idea that a single person can have that much impact on our national and global economy just by making idiotic EOs seemingly at the drop of a hat should be sending Congress into immediate action to stop it. I mean, unless of course they're in on the scheme and making tons of money on both ends of the manipulation. /Drazzil
New theory unlocked! Good catch smoove! But seriously congress is the same class. Of *course* they're making cash off their bad leadership.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:54 pm
by IceBear
Hasn't Trump said he'd veto the bill that they are trying to pass to get tariff power back?
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:55 pm
by Drazzil
IceBear wrote: Wed Apr 09, 2025 2:54 pm
Hasn't Trump said he'd veto the bill that they are trying to pass to get tariff power back?
I wouldn't be shocked if congress votes in lockstep to shut Trump down once the stonk market loses ~20% give or take.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 2:57 pm
by Holman
IceBear wrote: Wed Apr 09, 2025 2:54 pm
Hasn't Trump said he'd veto the bill that they are trying to pass to get tariff power back?
There's a bill that would end the "economic emergency" Trump declared in order to grant himself tariff power. (It actually does work this way.)
Even if Trump vetoed, there would probably be enough GOP defections to override the veto and end the "emergency." And this is why GOP leadership in Congress will not allow the bill to come to a vote.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
IceBear wrote: Wed Apr 09, 2025 2:54 pm
Hasn't Trump said he'd veto the bill that they are trying to pass to get tariff power back?
There's a bill that would end the "economic emergency" Trump declared in order to grant himself tariff power. (It actually does work this way.)
Even if Trump vetoed, there would probably be enough GOP defections to override the veto and end the "emergency." And this is why GOP leadership in Congress will not allow the bill to come to a vote.
Once this crisis gets ripping, they won't have a choice. If there is a crisis. You should remember the rest of the world owns a huge chunk of assets and debt.
I could be wrong though. Right now I feel a bit like this guy:
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 3:07 pm
by LordMortis
By leader's do they mean only Johnson? If so, it's bullshit that he can control that much of the House. If not, I wish sources would tell me who is blocking, as my googlefu is weak and AI stepping to not figure it out doesn't help.
Their names should be shouted from media rooftops and all I find is "leaders"
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 3:12 pm
by Hyena
Smoove_B wrote: Wed Apr 09, 2025 2:35 pm
Yeah, I noticed at some point last week I think that the Bluesky embeds weren't working anymore, but I wasn't sure.
This has to be a proof-of-concept experiment to see if someone in the administration can trick Trump into manipulating the markets for short-term gain. I don't believe his smart enough, but enjoys thinking he has this much power (which he apparently does).
The idea that a single person can have that much impact on our national and global economy just by making idiotic EOs seemingly at the drop of a hat should be sending Congress into immediate action to stop it. I mean, unless of course they're in on the scheme and making tons of money on both ends of the manipulation. /Drazzil
I mentioned something like this yesterday, where he crashed the market on purpose to allow his cronies to buy cheap, knowing he was going to delay the tariffs and prices would soar back, doubling or tripling the prices on certain stocks.
I hate it when the villain wins.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Smoove_B wrote: Wed Apr 09, 2025 1:14 pm
Remember, Congress could stop this at any time, but they aren't.
So much this.
Because they are either abject morons or venal pieces of shit. Or I guess it could be both.
Ways and Means Chair, Jason Smith, folks:
Joe Kernan (loves lobbing softballs to GOP guests and even he can't is having trouble tossing something for this guy to hit): Ok, that helps. The negotiation camp helps when we hear that but then a lot of times hopes are then dashed a half an hour later by a tweet from the President or by comments from the other faction. Can I ask you about the...[Smith interrrupts] yeah, go ahead...
Jason Smith, the esteemed sycophantic fuck from Missouri: So Joe, what i will say is a lot of peple get distracted because the President talks about all the revenues that's gonna come from the tariffs. He's talking about the revenue that's going to come from the tariffs of the countries that's not willing to negotiate. That's where the revenue tariff's [??] gonna come. The countries that then come in and treat us fairly, then we're going to make an agreement [??].
Joe: You mean that...so we have tariffs on them and then when the imports come in...if..it's people here that are paying the tariffs...aren't they, Mr. Chairman? What do you mean that countries are paying the tariffs?
Jason Smith tries to not answer: The people here also pay by losing their jobs in rural America when those factories close because of the unfair trade practices...
Joe: The money that the President always says that he's collecting...where's he getting that, the countries aren't paying that to the Treasury.
Jason Smith: It...it's the...it's the producers in those countries that's trying to sell to US consumers, that is...that is having a less of an income that's coming from it. What we do know...
Joe: Probably because they can't sell...
Jason Smith: Yeah, well we do know without a doubt is that...that...um...this president is much more focused on Main Street than Wall Street. He has said that time and time again. He is fighting for those people who have been overlooked for such a long time.
Smoove_B wrote: Wed Apr 09, 2025 2:35 pm
Yeah, I noticed at some point last week I think that the Bluesky embeds weren't working anymore, but I wasn't sure.
This has to be a proof-of-concept experiment to see if someone in the administration can trick Trump into manipulating the markets for short-term gain. I don't believe his smart enough, but enjoys thinking he has this much power (which he apparently does).
The idea that a single person can have that much impact on our national and global economy just by making idiotic EOs seemingly at the drop of a hat should be sending Congress into immediate action to stop it. I mean, unless of course they're in on the scheme and making tons of money on both ends of the manipulation. /Drazzil
I mentioned something like this yesterday, where he crashed the market on purpose to allow his cronies to buy cheap, knowing he was going to delay the tariffs and prices would soar back, doubling or tripling the prices on certain stocks.
I hate it when the villain wins.
None of this has really impacted the average US citizen yet. Wait for the shit to hit the fan. Masses unemployed and angry and stuck at home with nothing to do? The next protests are gonna make George Floyd disturbance look like babytown frolicks.
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Smoove_B wrote: Wed Apr 09, 2025 1:14 pm
Remember, Congress could stop this at any time, but they aren't.
So much this.
Because they are either abject morons or venal pieces of shit. Or I guess it could be both.
Ways and Means Chair, Jason Smith, folks:
Joe Kernan (loves lobbing softballs to GOP guests and even he can't is having trouble tossing something for this guy to hit): Ok, that helps. The negotiation camp helps when we hear that but then a lot of times hopes are then dashed a half an hour later by a tweet from the President or by comments from the other faction. Can I ask you about the...[Smith interrrupts] yeah, go ahead...
Jason Smith, the esteemed sycophantic fuck from Missouri: So Joe, what i will say is a lot of peple get distracted because the President talks about all the revenues that's gonna come from the tariffs. He's talking about the revenue that's going to come from the tariffs of the countries that's not willing to negotiate. That's where the revenue tariff's [??] gonna come. The countries that then come in and treat us fairly, then we're going to make an agreement [??].
Joe: You mean that...so we have tariffs on them and then when the imports come in...if..it's people here that are paying the tariffs...aren't they, Mr. Chairman? What do you mean that countries are paying the tariffs?
Jason Smith tries to not answer: The people here also pay by losing their jobs in rural America when those factories close because of the unfair trade practices...
Joe: The money that the President always says that he's collecting...where's he getting that, the countries aren't paying that to the Treasury.
Jason Smith: It...it's the...it's the producers in those countries that's trying to sell to US consumers, that is...that is having a less of an income that's coming from it. What we do know...
Joe: Probably because they can't sell...
Jason Smith: Yeah, well we do know without a doubt is that...that...um...this president is much more focused on Main Street than Wall Street. He has said that time and time again. He is fighting for those people who have been overlooked for such a long time.
Dude is a huge fucking douchebag. "The president is a negotiator" smh
OMG even Joe Kernan is having trouble trying to sell this mess. Joe can't spin the tariffs other than "people here will pay the tariffs".
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 3:30 pm
by IceBear
That's why there's belief that April 20th he's going to impose martial law. He declared an emergency on Jan 20th at the southern border and asked for it to be "studied" and a report given in 90 days. He and Vance went down there a few weeks ago for a photo op. There's speculation that the report will find that he'll need to invoke some act (can't remember the name now) so he can impose martial law and lock down any protesting. Probably why he already cleared out the JAG and anyone with a conscience in the military where he could
Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Wed Apr 09, 2025 3:45 pm
by Drazzil
IceBear wrote: Wed Apr 09, 2025 3:30 pm
That's why there's belief that April 20th he's going to impose martial law. He declared an emergency on Jan 20th at the southern border and asked for it to be "studied" and a report given in 90 days. He and Vance went down there a few weeks ago for a photo op. There's speculation that the report will find that he'll need to invoke some act (can't remember the name now) so he can impose martial law and lock down any protesting. Probably why he already cleared out the JAG and anyone with a conscience in the military where he could
But seriously congress is the same class. Of *course* they're making cash off their bad leadership.