Joe Ferguson forever Posted Wednesday at 06:29 PM Posted Wednesday at 06:29 PM 7 minutes ago, Big Blitz said: 4 years to plan this…. A recession is still more likely than not. 1 minute ago, Doc Brown said: It's a good predictor of the economy. Always has been. you were distraught yesterday and doing cartwheels today. You've still lost money. Prices will still rise substantially. None of our allies feel like they can trust us and will likely screw us any way they can. Winning! 2
Big Blitz Posted Wednesday at 06:31 PM Posted Wednesday at 06:31 PM Everyone understand this is why you don’t talk ***t about Russia now? Isolate China - only place to go is Russia. That can’t happen. Don't condone Putin. Can’t shove them over to China either. 1
Joe Ferguson forever Posted Wednesday at 06:34 PM Posted Wednesday at 06:34 PM 7 hours ago, SectionC3 said: That's the problem. MAGA likes blunt talk, so I'll deliver it here. It's a group made up in significant part of low-information, and poorly educated voters. They simply don't understand that tariffs are a tax that, in what what will likely be vast majority part, are paid by Americans and specifically American consumers. Much less the bond market although a maga or 2 here understood the effects on financing the debt. 1
Doc Brown Posted Wednesday at 06:34 PM Posted Wednesday at 06:34 PM 2 minutes ago, Joe Ferguson forever said: A recession is still more likely than not. Under what metric? Trump proved that tariffs are punitive and free trade is good. Lower taxes, deregulation, and a secure border leads to economic prosperity. The market is reflecting that right now. Also, Trump proved that it was never about bringing back manufacturing jobs to the US.
Joe Ferguson forever Posted Wednesday at 06:40 PM Posted Wednesday at 06:40 PM (edited) 8 minutes ago, Doc Brown said: Under what metric? Trump proved that tariffs are punitive and free trade is good. Lower taxes, deregulation, and a secure border leads to economic prosperity. The market is reflecting that right now. Also, Trump proved that it was never about bringing back manufacturing jobs to the US. The tariffs still in place are 5-10x's more than under trumps 1st term per Larry Summers. They are still historic. That is not a free market. And the sword of Damocles still hangs over investors heads in 90 days. geez, I was beginning to think you'd outgrown the cult. And manufacturing jobs,? Some NC cultist congressman was just crowing about how this will bring back manufacturing. That it was all a poker game. Sorry, I don't want a guy who bankrupted multiple businesses gambling with my investments. Edited Wednesday at 06:43 PM by Joe Ferguson forever 1
SectionC3 Posted Wednesday at 06:46 PM Posted Wednesday at 06:46 PM 10 minutes ago, Doc Brown said: Under what metric? Trump proved that tariffs are punitive and free trade is good. Lower taxes, deregulation, and a secure border leads to economic prosperity. The market is reflecting that right now. Also, Trump proved that it was never about bringing back manufacturing jobs to the US. The market is still down what, 8pc since the start of the year? Based on uncertainty, because nobody wants to invest here given the day to day uncertainty of the policy of this fool of a president. The soft coat of this is going to be the economic flight of foreign capital that follows. So I wouldn’t count the “no recession” chickens just yet.
Doc Brown Posted Wednesday at 06:51 PM Posted Wednesday at 06:51 PM Just now, SectionC3 said: The market is still down what, 8pc since the start of the year? Based on uncertainty, because nobody wants to invest here given the day to day uncertainty of the policy of this fool of a president. The soft coat of this is going to be the economic flight of foreign capital that follows. So I wouldn’t count the “no recession” chickens just yet. Economy is hard to predict but if Trump didn't back down from the tariff war I'm pretty sure a recession was happening. I posted this a week ago and stand by it. 1
Joe Ferguson forever Posted Wednesday at 06:52 PM Posted Wednesday at 06:52 PM 2 minutes ago, SectionC3 said: The market is still down what, 8pc since the start of the year? Based on uncertainty, because nobody wants to invest here given the day to day uncertainty of the policy of this fool of a president. The soft coat of this is going to be the economic flight of foreign capital that follows. So I wouldn’t count the “no recession” chickens just yet. exactly. And this is precisely why 30 year T bills hit 5%. Nobody was buying because they've lost faith in the USA. but we wouldn't expect maga's to understand that. They think we can survive in isolation. These treasury rates were probably the biggest factor in trump's capitulation. without buyer for our debt, we are screwed. 1
SectionC3 Posted Wednesday at 06:52 PM Posted Wednesday at 06:52 PM Just now, Doc Brown said: Economy is hard to predict but if Trump didn't back down from the tariff war I'm pretty sure a recession was happening. I posted this a week ago and stand by it. I think it’s coming now even after he backed down. Too much belt tightening ahead. Nobody trusts this guy. 1
stevestojan Posted Wednesday at 06:52 PM Posted Wednesday at 06:52 PM 22 minutes ago, Doc Brown said: It's a good predictor of the economy. Always has been. i know. I was just using the words the MAGAs kept using when the market was in free fall. Sorry my snark got in the way. 2
Roundybout Posted Wednesday at 06:53 PM Posted Wednesday at 06:53 PM 33 minutes ago, AlBUNDY4TDS said: The democrats will flip out on anything trump does, it's who they are. Dude come on
Joe Ferguson forever Posted Wednesday at 06:54 PM Posted Wednesday at 06:54 PM (edited) 3 minutes ago, Doc Brown said: Economy is hard to predict but if Trump didn't back down from the tariff war I'm pretty sure a recession was happening. I posted this a week ago and stand by it. yes, and he blinked and now you're happy. A recession is still likely. let's see what the big investment houses now predict. Last I saw JP Morgan said 45%. Let's see what they say tomorrow. Edited Wednesday at 06:54 PM by Joe Ferguson forever
SectionC3 Posted Wednesday at 06:54 PM Posted Wednesday at 06:54 PM Just now, Joe Ferguson forever said: exactly. And this is precisely why 30 year T bills hit 5%. Nobody was buying because they've lost faith in the USA. but we wouldn't expect maga's to understand that. They think we can survive in isolation. These treasury rates were probably the biggest factor in trump's capitulation. without buyer for our debt, we are screwed. That’s where they’re going to hit us, and that’s why debt can be a national security risk. Of course, Trump added more to the debt than Biden, or Obama, and probably further exacerbated the problem with his tax cuts for the rich. Just now, Joe Ferguson forever said: yes, and he blinked and now your happy. A recession is still likely. let's see what the big investment houses now predict. Last I saw JP Morgan said 45%. Let's see what they say tomorrow. A Republican I know at one of those places just summed up Trump in two words: “an idiot.” 1
Joe Ferguson forever Posted Wednesday at 07:00 PM Posted Wednesday at 07:00 PM 4 minutes ago, SectionC3 said: That’s where they’re going to hit us, and that’s why debt can be a national security risk. Of course, Trump added more to the debt than Biden, or Obama, and probably further exacerbated the problem with his tax cuts for the rich. Apparently he's floating higher taxes on incomes over $1 mil with R congressmen. So more capitulation but in a good way. he needs to pay for the 1 trillion he's proposing for defense.
Doc Brown Posted Wednesday at 07:01 PM Posted Wednesday at 07:01 PM 6 minutes ago, SectionC3 said: I think it’s coming now even after he backed down. Too much belt tightening ahead. Nobody trusts this guy. It looks better now than three hours ago. One thing I'd love MAGA people to admit is that they were lied to in that Trump's use of tariffs were never about bringing manufacturing jobs back to the US. 1
Joe Ferguson forever Posted Wednesday at 07:22 PM Posted Wednesday at 07:22 PM an oldie but goody https://thehill.com/homenews/senate/5240966-john-kennedy-trump-tariffs/
stevestojan Posted Wednesday at 07:29 PM Posted Wednesday at 07:29 PM The fact that the unhinged orange turd could wake up tomorrow and decide there are some penguins that really pissed him off and he flips (or is it flops this time; hard to keep track) again is certain to be great for the economy. If I learned anything in business school, it’s that the economy absolutely thrives in uncertainty. But he sure has “oWnEd tHe LiBS” (and all of his constituents, who are took dumb or stubborn to realize/admit it), so I guess that’s the “winning” he keeps talking about. If he were a regular old grandpa, we would take his car keys away. Instead, he has 4 years of a consequence-free revenge tour. Fun.
Big Blitz Posted Wednesday at 07:30 PM Posted Wednesday at 07:30 PM 25 minutes ago, Doc Brown said: It looks better now than three hours ago. One thing I'd love MAGA people to admit is that they were lied to in that Trump's use of tariffs were never about bringing manufacturing jobs back to the US. Would have been good to get honest answers 5 years ago from such a fantastic trade partner. Yes the tariffs are intended to protect American jobs and they will - but it’s also about protecting the country - which was shown 5 years ago we can be shut down instantly. This is why Western countries cannot devolve into CCP Lite then eventually full blown CCP. Those people let that happen no questions asked.
All_Pro_Bills Posted Wednesday at 07:31 PM Posted Wednesday at 07:31 PM 24 minutes ago, Doc Brown said: It looks better now than three hours ago. One thing I'd love MAGA people to admit is that they were lied to in that Trump's use of tariffs were never about bringing manufacturing jobs back to the US. I think it's premature to draw any final conclusions on manufacturing at this point. The statements today about "good news" was attributed to progress in conversations with trading partners which resulted in a 90 day pause in the high tariffs with instead a 10% rate. For now the markets like it. 1
Doc Brown Posted Wednesday at 07:32 PM Posted Wednesday at 07:32 PM Just now, Big Blitz said: Would have been good to get honest answers 5 years ago from such a fantastic trade partner. Yes the tariffs are intended to protect American jobs and they will - but it’s also about protecting the country - which was shown 5 years ago we can be shut down instantly. This is why Western countries cannot devolve into CCP Lite then eventually full blown CCP. Those people let that happen no questions asked. What?
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