Recession is upon us - disastrous economic data

[joshypoo]

Microsoft price hikes of 46% on notebooks/desktops…holy shitttttt.

 

Also, looks like the Nintendo Switch 2 is being repriced from $449 to $625 in the U.S. 

 

We are soooooo winning. 

[All_Pro_Bills]

9 minutes ago, Andy1 said:

Look at the stupidity of trade imbalance being Trumps concern. USA imports lots of cheap oil from Canada, a nation with small population. With their small population, trade will never be equal between us and them. Yet in Yrumps feeble little brain, he thinks that means USA is losing. He is a psychopath with no restraints this time and this is just the beginning. 

Looking at the big picture this might mean the end of globalization. Rich hedge fund billionaires and multi-national corporations strip-mining cities and towns across America. And while the trend helped almost everybody in some way it doesn't help everyone equally. Such as a guy that lost his job at a small company supplying auto manufacturers in the US with parts vs. a hedge fund guy making billion dollar deals doing no real work and creating nothing of value armed with cheap money thanks to lose monetary policy and unlimited government spending.  

 

I look at it this way. Small town America and small businesses got decimated by globalization and offshoring work. Not to mention millions of IT jobs to India, Ireland, and elsewhere, call center jobs to the Caribbean, and other occupations. All so big multinational corporations can report an additional penny to their quarterly earnings and bi-coaster smug liberals can boost about their 401K balances and the superiority over others. Few to none have any sympathies for those rubes and "MAGA" types that lost their livelihoods. And now its the turn of the people that benefited the most to take their lumps. People crying about their life savings when others don't have any life savings because of globalization. Especially the baby boomers that have lived a very comfortable lifestyle for their entire lives without much hardship. Welcome to the party. While it hurts me personally I suspect much less than others because of all the crying here.

[joshypoo]

7 minutes ago, All_Pro_Bills said:

Looking at the big picture this might mean the end of globalization. Rich hedge fund billionaires and multi-national corporations strip-mining cities and towns across America. And while the trend helped almost everybody in some way it doesn't help everyone equally. Such as a guy that lost his job at a small company supplying auto manufacturers in the US with parts vs. a hedge fund guy making billion dollar deals doing no real work and creating nothing of value armed with cheap money thanks to lose monetary policy and unlimited government spending.  

 

I look at it this way. Small town America and small businesses got decimated by globalization and offshoring work. Not to mention millions of IT jobs to India, Ireland, and elsewhere, call center jobs to the Caribbean, and other occupations. All so big multinational corporations can report an additional penny to their quarterly earnings and bi-coaster smug liberals can boost about their 401K balances and the superiority over others. Few to none have any sympathies for those rubes and "MAGA" types that lost their livelihoods. And now it’s the turn of the people that benefited the most to take their lumps. People crying about their life savings when others don't have any life savings because of globalization. Especially the baby boomers that have lived a very comfortable lifestyle for their entire lives without much hardship. Welcome to the party. While it hurts me personally I suspect much less than others because of all the crying here.

Yet we have entire threads here with grown men on their knees lapping up Elons *****…make it make sense! 
 

are we anti billionaire or not? If we are then ***** yea, let’s ride.

[Joe Ferguson forever]

13 minutes ago, All_Pro_Bills said:

Few to none have any sympathies for those rubes and "MAGA" types that lost their livelihoods. And now its the turn of the people that benefited the most to take their lumps. People crying about their life savings when others don't have any life savings because of globalization. Especially the baby boomers that have lived a very comfortable lifestyle for their entire lives without much hardship.

Which would make some sense if the rubes would benefit.  but they won't.  and this is an own goal.  the rubes are to blame.  they elected this moron and continue to.  btw, in 2008, we adapted.  that's what is required.  sad that it's required now because a large group of dolts believed in a conman.

Edited April 7 by Joe Ferguson forever

[Roundybout]

 

 

hahahaha what an absolute coward 

[All_Pro_Bills]

4 minutes ago, Joe Ferguson forever said:

Which would make some sense if the rubes would benefit.  but they won't.  and this is an own goal.  the rubes are to blame.  they elected this moron and continue to.  btw, in 2008, we adapted.  that's what is required.  sad that it's required now because a large group of dolts believed in a conman.

Everybody can stop crying about the markets for now as it sounds like a deal or negotiations, with Europe and a possible tariff pause, is on the table. Or maybe not?

Edited April 7 by All_Pro_Bills

[Niagara Bill]

14 minutes ago, All_Pro_Bills said:

Looking at the big picture this might mean the end of globalization. Rich hedge fund billionaires and multi-national corporations strip-mining cities and towns across America. And while the trend helped almost everybody in some way it doesn't help everyone equally. Such as a guy that lost his job at a small company supplying auto manufacturers in the US with parts vs. a hedge fund guy making billion dollar deals doing no real work and creating nothing of value armed with cheap money thanks to lose monetary policy and unlimited government spending.  

 

I look at it this way. Small town America and small businesses got decimated by globalization and offshoring work. Not to mention millions of IT jobs to India, Ireland, and elsewhere, call center jobs to the Caribbean, and other occupations. All so big multinational corporations can report an additional penny to their quarterly earnings and bi-coaster smug liberals can boost about their 401K balances and the superiority over others. Few to none have any sympathies for those rubes and "MAGA" types that lost their livelihoods. And now its the turn of the people that benefited the most to take their lumps. People crying about their life savings when others don't have any life savings because of globalization. Especially the baby boomers that have lived a very comfortable lifestyle for their entire lives without much hardship. Welcome to the party. While it hurts me personally I suspect much less than others because of all the crying here.

Globalization will never end, except for Russia and the US.

The rest of the world will never trust America again.

People in Canada are telling politicians not to put more tariffs on incoming US products. The direction is ...do not buy anything from the US, buy from anywhere in the world, just not US.

3 minutes ago, All_Pro_Bills said:

Everybody can stop crying about the markets for now as it sounds like a deal or negotiations, with Europe and a possible tariff pause, is on the table. Or maybe not?

Don't think so

[Joe Ferguson forever]

4 minutes ago, All_Pro_Bills said:

Everybody can stop crying about the markets for now as it sounds like a deal or negotiations, with Europe and a possible tariff pause, is on the table. Or maybe not?

link?

 

so how are the rubes going to benefit?

[Niagara Bill]

5 minutes ago, Roundybout said:

 

 

hahahaha what an absolute coward 

Likely fake news. Wait for the half truth from truth social.

[leh-nerd skin-erd]

1 hour ago, Niagara Bill said:

There is about to be far more than a tariff war between 2 previous friends. 

With trump about to raise tariff on Canadian lumber to 34.5% from 14.5%  the push back will be immense against the orange skerge. 

I cannot even imagine the reaction that will happen. 

I cannot even phathom the depth of the orange lies this man is telling.

if you dont want the lumber, dont buy it. 

We will NEVER have the relationship that once existed. I voted against a stronger tie to Europe and France/ England 30 years ago. I was wrong.

I understand your feelings about the relationship between the US and Canada.  These are painful times to be sure, and it's fair to argue about the steps taken by the current administration to improve the American position.  

 

On the other hand, the build up to an attempt by the Japanese at world domination and subjugation during the 1930s culminated with an attack on Pearl Harbor in 1941.  For those of us classified with fathers and mothers that lived through WW2,  we may be on this planet only because the war in the Pacific was ended in August 1945.  

 

In 1958, the first automobile manufactured by a Japanese company was offered for sale in the US.  The first Japanese automobile was offered in Canada in 1964.  

 

In context, the relationship will survive and with luck, thrive in the future.   

[Niagara Bill]

12 minutes ago, leh-nerd skin-erd said:

I understand your feelings about the relationship between the US and Canada.  These are painful times to be sure, and it's fair to argue about the steps taken by the current administration to improve the American position.  

 

On the other hand, the build up to an attempt by the Japanese at world domination and subjugation during the 1930s culminated with an attack on Pearl Harbor in 1941.  For those of us classified with fathers and mothers that lived through WW2,  we may be on this planet only because the war in the Pacific was ended in August 1945.  

 

In 1958, the first automobile manufactured by a Japanese company was offered for sale in the US.  The first Japanese automobile was offered in Canada in 1964.  

 

In context, the relationship will survive and with luck, thrive in the future.   

Hope you are correct...but today I can tell you that friends that have this type of major split, over an issue that started by one of the parties rarely is healed.

Everyone, and I mean everyone I know will not even buy a bar of soap, toothpaste, apple, celery, baseball ,sofa, or IPhone if was built in the US. 

Strangley enough, Japan was never taken over by US, just controlled for a bit, likewise Germany. But Canada has been threatened unlike any other, without cause.

[Process]

Someone tell me how all this is going to effect the housing market. Because I just signed a contract to list my house in Buffalo in two weeks and am concerned about the timing with the economy crashing. 

[The Frankish Reich]

Just now, Process said:

Someone tell me how all this is going to effect the housing market. Because I just signed a contract to list my house in Buffalo in two weeks and am concerned about the timing with the economy crashing. 

I'm thinking the same thing because my sister just put her house on the market.

What I told her (admittedly based on guesswork): don't panic. These tariffs will come down or be suspended shortly. The investor class will rebel against Trump if he doesn't. Mortgage rates may go down a bit to offset the loss of down payment money potential buyers may have suffered.

 

But this is what happens when the US allows one man - here, a very unstable and not too smart man - to have such massive control over the world economy. This is why the founding fathers gave tariff authority to Congress before Congress willingly gave it up.

[leh-nerd skin-erd]

9 minutes ago, Niagara Bill said:

Hope you are correct...but today I can tell you that friends that have this type of major split, over an issue that started by one of the parties rarely is healed.

Everyone, and I mean everyone I know will not even buy a bar of soap, toothpaste, apple, celery, baseball ,sofa, or IPhone if was built in the US. 

Strangley enough, Japan was never taken over by US, just controlled for a bit, likewise Germany. But Canada has been threatened unlike any other, without cause.

Well, I think if the American taxpayer was as committed to our national best interest as your friends are to yours, we probably wouldn't be standing right where we are today.  

 

[The Frankish Reich]

I'll admit I'm of two minds here. Because I do care about our national interest first and foremost, I'm willing to take a hit to my investments for the greater long-term good.

But I have a totally different idea of our long-term interest. It is to be governed by sensible men and women, not given to crazy whims of one old man. It is to see Congress reassert its tariff power - expressly granted to Congress and only Congress. And to see a restoration of normal functioning government where bills are debated in Congress and where the President's power is limited, whether that be President Biden or President Trump.

This "crisis" could bring that opportunity. Wouldn't it be a terrible thing to waste?

[Motorin']

47 minutes ago, Niagara Bill said:

Hope you are correct...but today I can tell you that friends that have this type of major split, over an issue that started by one of the parties rarely is healed.

Everyone, and I mean everyone I know will not even buy a bar of soap, toothpaste, apple, celery, baseball ,sofa, or IPhone if was built in the US. 

Strangley enough, Japan was never taken over by US, just controlled for a bit, likewise Germany. But Canada has been threatened unlike any other, without cause.

 

Are you really trying to say that a tariff is being treated worse than Hiroshima and Nagasaki? 

 

Or maybe your emotions have overtaken your rational thinking. 

[IrishLass]

12 hours ago, Joe Ferguson forever said:

keep wearing that DT cheerleader sweater and waving those pom poms...Donnie loves him some cheerleaders and beauty queens.  He should have been unelectable for many reasons, most importantly his criminal record.  Hell, grabbing by the puss$ should have eliminated him from consideration from 1/2 the electorate.  Can't imagine that would be pleasant.

 

But I agree.  America is still far too racist to elect a black, female prez.  I blame Biden and his enablers for that.  He dropped out far too late.  History will hold him accountable.

 

Your response shows me exactly why the Dems lost.

 

No problem!

[Roundybout]

There is no plan.

[Joe Ferguson forever]

8 minutes ago, IrishLass said:

 

Your response shows me exactly why the Dems lost.

 

No problem!

Splain. 

[The Frankish Reich]

2 minutes ago, Roundybout said:

There is no plan.

We could bring that Nike factory to, say, Trump Country in Kentucky. Cut off Medicaid and fake Social Security Disability claims and food stamps. Then tell the local hayseeds they can go work in that sweatshop.

Good luck.