Roundybout Posted 16 hours ago Posted 16 hours ago 6 hours ago, Big Blitz said: Hahahahaha I don’t want American manufacturing to come back if it means my goods are going to be scarcer and more expensive. 1
stevestojan Posted 15 hours ago Posted 15 hours ago Futures down another 900. Just another manic Monday. But don’t worry: 1) the stock market is not the economy. 2) even for those of us “only” losing hundreds of thousands of unrealized dollars, just forget about the basic concept of the time value of money. 3) the stock market sure as ***** is the economy for anyone retiring this year. But ***** them, right? 4) most importantly, just shut up and trust Donald J Trump. 3
B-Man Posted 14 hours ago Posted 14 hours ago TARIFFS: Liberation Day Puts Main Street Ahead of Wall Street: Trump’s tariffs make his commitment to America’s forgotten men and women clear. By Batya Ungar-Sargon Ever since Donald Trump’s first term as president, his detractors in the Democratic Party and their spokespeople in the mainstream liberal media have had a recurring refrain: his single achievement in office was a tax cut for him and his rich buddies. It was always nonsense, erasing the significant tax cuts middle- and working-class Americans got, as well as his achievements controlling the southern border, imposing tariffs on China to force supply chains elsewhere, and, more generally, shrinking the income gap for the first time in 60 years. But let Liberation Day—Trump’s moniker for April 2, the day he imposed across-the-board reciprocal and global tariffs—put to bed the myth that Trump is beholden to the rich. President Trump has outraged the elites of the international global economic order by ending the globalization-promoted fleecing of the American working class with mass tariffs. Lost amid that outrage is one of the more startling aspects of the change: doing so meant dismissing the importance of quarterly earnings reports and dividends of his “rich buddies” to reorder the global trade system toward ordinary Americans instead. For decades, our economy has fostered an upward transfer of wealth from the working class to the asset rich. What Trump is trying to do with his tariffs is simple: reverse that trend. What is so frustrating about the conversation around tariffs is that most people agree on the problem: the deindustrialization of America led to the downward mobility of the American working class, deaths of despair, and an economy where people working multiple jobs still couldn’t afford the American Dream. Yet when a president has the guts to use a tool at his disposal—once a common feature of American policy—to reverse this trend, it’s wall-to-wall criticism from the free trade extremist Right and, well, the now free trade extremist Left. https://commonplace.org/2025/04/04/liberation-day-puts-main-street-ahead-of-wall-street/ 5 1
Doc Brown Posted 14 hours ago Posted 14 hours ago 5 minutes ago, B-Man said: TARIFFS: Liberation Day Puts Main Street Ahead of Wall Street: So, I'm guessing the 39% of adults who don't own stocks in some form are the only one's that are walking on main street.
Big Blitz Posted 14 hours ago Posted 14 hours ago 1 hour ago, stevestojan said: Futures down another 900. Just another manic Monday. But don’t worry: 1) the stock market is not the economy. 2) even for those of us “only” losing hundreds of thousands of unrealized dollars, just forget about the basic concept of the time value of money. 3) the stock market sure as ***** is the economy for anyone retiring this year. But ***** them, right? 4) most importantly, just shut up and trust Donald J Trump.
B-Man Posted 14 hours ago Posted 14 hours ago Just now, Doc Brown said: So, I'm guessing the 39% of adults who don't own stocks in some form are the only one's that are walking on main street. No. I know that you are more intelligent than most here Doc B., you know what that phrase really refers to. 1
Doc Brown Posted 14 hours ago Posted 14 hours ago Just now, B-Man said: No. I know that you are more intelligent than most here Doc B., you know what that phrase really refers to. The people on the right defending this tariff policy thinking the short term pain that investors feel will be better for the economy long term sound a lot like Bernie Sanders. 2 2
Joe Ferguson forever Posted 14 hours ago Posted 14 hours ago 25 minutes ago, Doc Brown said: The people on the right defending this tariff policy thinking the short term pain that investors feel will be better for the economy long term sound a lot like Bernie Sanders. Bernie wouldn't purposefully tank the stock market. He'd tax capital gains more and wealth more. but it would be honest and transparent. He WOULDN'T increase taxes on the middle class thru tariffs. 39 minutes ago, Big Blitz said: communist! 1
Big Blitz Posted 14 hours ago Posted 14 hours ago 23 minutes ago, Doc Brown said: The people on the right defending this tariff policy thinking the short term pain that investors feel will be better for the economy long term sound a lot like Bernie Sanders. We’re not defending tariffs. We are defending a big picture plan that Democrats once supported. What part of our trajectory the last 5, 20 years was sustainable without taking a massive axe to government spending? Democrats used to support that but they can’t get away from it. They are protesting a loss of every single federal government job that can be done by AI - the private sector is at the mercy of technology changes. The Federal government is not. Only the voters can bring “changes” to the federal workforce. That’s why they hate Elon. He’s the symbol of the destruction of their cash cow they will never touch. The endgame to that - more spending more debt more immigration - is essentially the same demise as 17th century Spain and 20th century Britain. 4 minutes ago, Joe Ferguson forever said: Bernie wouldn't purposefully tank the stock market. He'd tax capital gains more and wealth more. but it would be honest and transparent. He WOULDN'T increase taxes on the middle class thru tariffs. Lol so Bernie increasing taxes on capital gains and “the rich” (everyone) wouldn’t lead to a slowdown. The little guys costs have spiked 50 percent in the last 3 years. You said nothing and denied it was even happening. Now, Trump has to unplug the machine wait 30 seconds and plug it back in. 1 2
Joe Ferguson forever Posted 13 hours ago Posted 13 hours ago 6 minutes ago, Big Blitz said: We’re not defending tariffs. We are defending a big picture plan that Democrats once supported. What part of our trajectory the last 5, 20 years was sustainable without taking a massive axe to government spending? Democrats used to support that but they can’t get away from it. They are protesting a loss of every single federal government job that can be done by AI - the private sector is at the mercy of technology changes. The Federal government is not. Only the voters can bring “changes” to the federal workforce. That’s why they hate Elon. He’s the symbol of the destruction of their cash cow they will never touch. The endgame to that - more spending more debt more immigration - is essentially the same demise as 17th century Spain and 20th century Britain. Lol so Bernie increasing taxes on capital gains and “the rich” (everyone) wouldn’t lead to a slowdown. The little guys costs have spiked 50 percent in the last 3 years. You said nothing and denied it was even happening. Now, Trump has to unplug the machine wait 30 seconds and plug it back in.
SectionC3 Posted 13 hours ago Posted 13 hours ago 55 minutes ago, B-Man said: TARIFFS: Liberation Day Puts Main Street Ahead of Wall Street: Trump’s tariffs make his commitment to America’s forgotten men and women clear. By Batya Ungar-Sargon Ever since Donald Trump’s first term as president, his detractors in the Democratic Party and their spokespeople in the mainstream liberal media have had a recurring refrain: his single achievement in office was a tax cut for him and his rich buddies. It was always nonsense, erasing the significant tax cuts middle- and working-class Americans got, as well as his achievements controlling the southern border, imposing tariffs on China to force supply chains elsewhere, and, more generally, shrinking the income gap for the first time in 60 years. But let Liberation Day—Trump’s moniker for April 2, the day he imposed across-the-board reciprocal and global tariffs—put to bed the myth that Trump is beholden to the rich. President Trump has outraged the elites of the international global economic order by ending the globalization-promoted fleecing of the American working class with mass tariffs. Lost amid that outrage is one of the more startling aspects of the change: doing so meant dismissing the importance of quarterly earnings reports and dividends of his “rich buddies” to reorder the global trade system toward ordinary Americans instead. For decades, our economy has fostered an upward transfer of wealth from the working class to the asset rich. What Trump is trying to do with his tariffs is simple: reverse that trend. What is so frustrating about the conversation around tariffs is that most people agree on the problem: the deindustrialization of America led to the downward mobility of the American working class, deaths of despair, and an economy where people working multiple jobs still couldn’t afford the American Dream. Yet when a president has the guts to use a tool at his disposal—once a common feature of American policy—to reverse this trend, it’s wall-to-wall criticism from the free trade extremist Right and, well, the now free trade extremist Left. https://commonplace.org/2025/04/04/liberation-day-puts-main-street-ahead-of-wall-street/ Hoax. His stupidity, and your fecklessness, are going to cripple Main Street, too. 10 minutes ago, Joe Ferguson forever said: Bernie wouldn't purposefully tank the stock market. He'd tax capital gains more and wealth more. but it would be honest and transparent. He WOULDN'T increase taxes on the middle class thru tariffs. communist! It would be cheaper to have taxed the crap out of my brokerage/ROTH, etc. accounts to pay for whatever goal it is that Trump wished to accomplish through these stupid tariffs. Trillions in wealth destroyed. Think of what good that wealth could have accomplished. 47 minutes ago, B-Man said: No. I know that you are more intelligent than most here Doc B., you know what that phrase really refers to. Coming from you it's hard to be sure what the phrase refers to. Especially since you communicate principally through cartoons. So the phrase probably means something dumb. 1 1
IrishLass Posted 13 hours ago Posted 13 hours ago 41 minutes ago, Doc Brown said: The people on the right defending this tariff policy thinking the short term pain that investors feel will be better for the economy long term sound a lot like Bernie Sanders. You have to think bigger in terms of Trump's overall goals. You don't know that the current 'tariff policy' is part of a long-term anything.
Big Blitz Posted 13 hours ago Posted 13 hours ago 13 minutes ago, SectionC3 said: It would be cheaper to have taxed the crap out of my brokerage/ROTH, etc. accounts to pay for whatever goal it is that Trump wished to accomplish through these stupid tariffs. Trillions in wealth destroyed. Think of what good that wealth could have accomplished. You got the data on that? You sure? And no, trillions have not been “destroyed.” Did everyone invested actually sell? In 3 months if the market is back over 40,000 is all not well again?
Joe Ferguson forever Posted 13 hours ago Posted 13 hours ago (edited) 15 minutes ago, IrishLass said: You have to think bigger in terms of Trump's overall goals. You don't know that the current 'tariff policy' is part of a long-term anything. Should we not know? We're paying the bills or at least the interest on the bills. ie we're stockholders (some more than others, ie not most maga's). Does it need to be secret for him to make a "deal"? BS, in many cases we're dealing with allies. Think of the bullies in your schools. How did they do in life? 23 minutes ago, SectionC3 said: Coming from you it's hard to be sure what the phrase refers to. Especially since you communicate principally through cartoons. So the phrase probably means something dumb. He is a cartoon. No independent thoughts. but there are good cartoons. "Flow" deserved the Oscar. He doesn't deserve anything. Edited 13 hours ago by Joe Ferguson forever
Doc Brown Posted 12 hours ago Posted 12 hours ago 47 minutes ago, IrishLass said: You have to think bigger in terms of Trump's overall goals. You don't know that the current 'tariff policy' is part of a long-term anything. Taxes and tariff policy should be a function of the legislative branch. Giving all this power to the executive branch rarely produces positive results. 1
Joe Ferguson forever Posted 12 hours ago Posted 12 hours ago 6 minutes ago, B-Man said: I'll clap when my portfolio goes back to baseline even if my expectations, based on his braggadocio was a significant increase. Just get us out of here. market seems unconvinced...oh, and inflation which was supposed to be stopped day 1.
Joe Ferguson forever Posted 12 hours ago Posted 12 hours ago "What's going to happen to the market? I can't tell you. But I can tell you our country has gotten a lot stronger, and eventually it'll be a country like no other," Trump said. "It'll be the most dominant country, economically, in the world, which is what it should be." Trump also turned to Truth Social on Sunday night to weigh in on the tariffs. "We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A.," the president wrote. "They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the 'Presidency' of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!" Well I feel much better now. How bout you blitz? how much you got at risk? 20% of a house?
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