Doc Brown Posted yesterday at 01:24 AM Posted yesterday at 01:24 AM 12 hours ago, T master said: What's he have to say about Canada?
Doc Brown Posted yesterday at 01:29 AM Posted yesterday at 01:29 AM 7 hours ago, Doc said: They're trying to get you to decide quickly. Age old sales tactic. Shop around. They are. Steve Tasker is warning us that we've got to run to West Herr for their "pre-tariff pricing" sale. 1
Big Blitz Posted yesterday at 03:52 AM Posted yesterday at 03:52 AM (edited) Odd. Why are real wages down? Paycheck to paycheck? Hmmmmmmm…… President Auto-Pen did a bang up job Bernie Edited yesterday at 03:53 AM by Big Blitz 1
Big Turk Posted yesterday at 04:13 AM Posted yesterday at 04:13 AM (edited) Here is what the world thinks about Trump's Tariffs. US Dollar in freefall with it only accelerating. That peak high? Exactly 1 week before his inauguration. Dollar has plummeted ever since. But yes...great, great job. Trump following the MABA game plan... Make America Broke Again Edited yesterday at 04:14 AM by Big Turk 1
All_Pro_Bills Posted yesterday at 04:30 AM Posted yesterday at 04:30 AM 3 minutes ago, Big Turk said: Here is what the world thinks about Trump's Tariffs. US Dollar in freefall with it only accelerating. That peak high? Exactly 1 week before his inauguration. Dollar has plummeted ever since. But yes...great, great job. Trump following the MABA game plan... Make America Broke Again A weaker dollar is an intentional result of the administration's "plan".
Big Turk Posted yesterday at 11:21 AM Posted yesterday at 11:21 AM 6 hours ago, All_Pro_Bills said: A weaker dollar is an intentional result of the administration's "plan". They don't have a plan other than trying to make rich people richer at the expense of everyone else.
All_Pro_Bills Posted yesterday at 12:34 PM Posted yesterday at 12:34 PM (edited) 1 hour ago, Big Turk said: They don't have a plan other than trying to make rich people richer at the expense of everyone else. Markets are down and given rich people own the majority of financial assets like stocks and bonds the implication is rich people are losing a lot of money. So unless you hold gold or gold mining stocks or have money in emerging markets or other currencies that's not what's happening. The dollar is intentionally being devalued in order to shrink the cost advantage of operating in other countries. The downside is it makes foreign goods more expensive. But that's the idea. Edited yesterday at 12:39 PM by All_Pro_Bills
Big Turk Posted yesterday at 01:58 PM Posted yesterday at 01:58 PM (edited) 1 hour ago, All_Pro_Bills said: Markets are down and given rich people own the majority of financial assets like stocks and bonds the implication is rich people are losing a lot of money. So unless you hold gold or gold mining stocks or have money in emerging markets or other currencies that's not what's happening. The dollar is intentionally being devalued in order to shrink the cost advantage of operating in other countries. The downside is it makes foreign goods more expensive. But that's the idea. Oh...you silly goose. Rich people get richer during times like this by buying more when it craters and then riding it back up when it inevitably goes back up. Edited yesterday at 01:59 PM by Big Turk 1
The Frankish Reich Posted yesterday at 02:03 PM Author Posted yesterday at 02:03 PM 1 hour ago, All_Pro_Bills said: Markets are down and given rich people own the majority of financial assets like stocks and bonds the implication is rich people are losing a lot of money. So unless you hold gold or gold mining stocks or have money in emerging markets or other currencies that's not what's happening. The dollar is intentionally being devalued in order to shrink the cost advantage of operating in other countries. The downside is it makes foreign goods more expensive. But that's the idea. That is the idea. Do you think that if Trump had campaigned on "we need a weaker dollar" he would have won? His badgering of Jerome Powell is also part of this. Cheap money, lower interest rates, goose the economy today, blame the inflation that comes later on ... Joe Biden? 1
US Egg Posted yesterday at 02:10 PM Posted yesterday at 02:10 PM It’s not looking good is putting it mildly.
The Frankish Reich Posted 23 hours ago Author Posted 23 hours ago My how times have changed. Vote for Trump, he brought us the Strongest Dollar in History!
Westside Posted 23 hours ago Posted 23 hours ago 20 hours ago, AverageAllensSuspensor said: Still a great price!!! 👍🏻
US Egg Posted 23 hours ago Posted 23 hours ago The advice of “just don’t watch” to tune out the political rhetoric is one thing. Getting the same advice regarding my accounts is not quite as easy, by a lot.
TH3 Posted 23 hours ago Posted 23 hours ago 2 hours ago, All_Pro_Bills said: Markets are down and given rich people own the majority of financial assets like stocks and bonds the implication is rich people are losing a lot of money. So unless you hold gold or gold mining stocks or have money in emerging markets or other currencies that's not what's happening. The dollar is intentionally being devalued in order to shrink the cost advantage of operating in other countries. The downside is it makes foreign goods more expensive. But that's the idea. you have no idea what you are talking about...but you think you do
Doc Brown Posted 22 hours ago Posted 22 hours ago 4 hours ago, Big Turk said: They don't have a plan other than trying to make rich people richer at the expense of everyone else. Oh yes. Donald Trump strikes me as somebody who doesn't care what others think of him and wants his legacy to be similar to Jimmy Carter's. We'll be fine. LOL.
Doc Brown Posted 22 hours ago Posted 22 hours ago (edited) 3 hours ago, All_Pro_Bills said: Markets are down and given rich people own the majority of financial assets like stocks and bonds the implication is rich people are losing a lot of money. So unless you hold gold or gold mining stocks or have money in emerging markets or other currencies that's not what's happening. The dollar is intentionally being devalued in order to shrink the cost advantage of operating in other countries. The downside is it makes foreign goods more expensive. But that's the idea. You're right. Actual tariff legislation would have to pass at the congressional level (Trump's eo's won't suffice) for the majority of CEO's to conclude it would be cheaper to build manufacturing plants and hire workers here. The problem is it takes three plus years for that type of investment to pay off and it would mean a lot of short term economic pain for the American citizen. Edited 22 hours ago by Doc Brown
Big Turk Posted 22 hours ago Posted 22 hours ago 18 minutes ago, Doc Brown said: Oh yes. Donald Trump strikes me as somebody who doesn't care what others think of him and wants his legacy to be similar to Jimmy Carter's. We'll be fine. LOL. Kinda sad they just got done cleaning up his mess from the first term and now we will need to do it all over again.
Doc Brown Posted 21 hours ago Posted 21 hours ago Just now, Big Turk said: Kinda sad they just got done cleaning up his mess from the first term and now we will need to do it all over again. Economy was doing pretty good because of the TCJA and him slashing unnecessary regulations during his first term. Would've been better without his tariffs obviously. Covid was a force majeur event that tanked the global economy so it's unfair to blame him for that. I also didn't kill Biden because inflation was also global but he didn't exactly help the situation here.
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