Don’t check your 401K today
- Thread starter 57stratdawg
- Start date
- Status
Oof
Honestly I'm not trying to get the thread locked, but I couldn't help laughing at the topic chosen for the NPR Planet Money podcast today. The alternate title of this could be "Please Don't Defund Us"
Honestly I'm not trying to get the thread locked, but I couldn't help laughing at the topic chosen for the NPR Planet Money podcast today. The alternate title of this could be "Please Don't Defund Us"
For those who have long term political memories, I just want to point out using tariffs the way Trump is using them now was brought to the table prior to Covid by Bernie Sanders....you see, sometimes the far left and far right aren't too far apart 
major global changes. Free trade is over. Post ww2 alignment is over. It was always going to be because we did it to ourselves- no outsider could beat us
Cambodia has been getting away with it for far too long. Look at how rich, powerful and prosperous they are because they've been screwing us over forever. I'm glad Lemonis came up with this idea to put tariffs on almost all countries except Russia.***
My financial planner called me a couple days ago to tell me what was going to happen so that I wouldn’t panic.
Ah well. At least I had almost a 30 percent gain in my portfolio during the last year and a quarter of Biden’s administration…
Ah well. At least I had almost a 30 percent gain in my portfolio during the last year and a quarter of Biden’s administration…
What our government is doing to our country is staggering.
Rounding people up and sending em to other countries without Due Process should be the biggest scandal of the century. It should be the leading story every day for every news platform.
Instead, the leading story seems to continue to be the insanity that is tariffs. Also awful, but objectively nowhere near as unconscionable a policy decision as deporting people without Due Process and lying in justification.
Discussing what should be classified military attack plans on an open group chat with a journalist included should be the third biggest scandal this century. Just read about how that communication is supposed to happen and it is clear everyone involved is completely unserious about their jobs. The most ironic part of that scandal is one of the guys, on a group chat thru an app with a journalist invited, specifically claimed the military operation is verified secure. Ironic that he said that and was part of the issue and reason for it not being secure.
If the story of how these tariffs came about is true, and all the numbers Trump displayed yesterday aren't actually the numbers he claimed, then that should be yet another scandal...though a distant fourth to these other two that are also currently taking place.
I never thought I would live to see a scandal exceed the lies that were told to justify invading Iraq.
And I never thought I would live to see a bigger scandal basically get a pass and nobody be held accountable.
But here we are on SPS talking about tariffs instead.
It's been interesting to see how little political discussion there has been on SPS over the last month, despite the historically impactful chaos we all now live in.
Tariffs managed to break thru. Maybe because they impact everyone?
Instead, the leading story seems to continue to be the insanity that is tariffs. Also awful, but objectively nowhere near as unconscionable a policy decision as deporting people without Due Process and lying in justification.
Discussing what should be classified military attack plans on an open group chat with a journalist included should be the third biggest scandal this century. Just read about how that communication is supposed to happen and it is clear everyone involved is completely unserious about their jobs. The most ironic part of that scandal is one of the guys, on a group chat thru an app with a journalist invited, specifically claimed the military operation is verified secure. Ironic that he said that and was part of the issue and reason for it not being secure.
If the story of how these tariffs came about is true, and all the numbers Trump displayed yesterday aren't actually the numbers he claimed, then that should be yet another scandal...though a distant fourth to these other two that are also currently taking place.
I never thought I would live to see a scandal exceed the lies that were told to justify invading Iraq.
And I never thought I would live to see a bigger scandal basically get a pass and nobody be held accountable.
But here we are on SPS talking about tariffs instead.
It's been interesting to see how little political discussion there has been on SPS over the last month, despite the historically impactful chaos we all now live in.
Tariffs managed to break thru. Maybe because they impact everyone?
Can someone fluent in 4D genius strategy explain the short and long term goals here? What does winning look like and what am I being liberated from aside the decade that I wanted to retire in? Thanks.
I sold about 90% of everything I owned last week. I was tired of the market swings so I decided to sit on the sidelines and watch a little while. I’ll get back in later when all the dust settles.
We're getting an even bigger baseball stadium??? That's all I got right now
And yet it was frequent for the prior 48-60 months. Was it not stupid then too?
That was my point.
Trump has true supporters and those opposed to Trump might have Trump fatigue. This is what Americans voted voted for, well just under 50% of Americans: border restrictions, anti-woke agenda , tariffs and chaos. Trump had boring, reliable Republicans, people with experience and institutional knowledge, tempering his excesses and restraining him from implementing some of his bad ideas. Now he's surrounded by loyal toadies. I just wish more Americans were sick of politicians deliberately lying to them and that we have a return of some social conservatism that embraces respectable behavior again. Is there really any reason to believe those numbers the white House released about tariffs are even remotely true?
Also, Elon has none of Trump's rizz so his popularity is cratering. How many out-of-wedlock kids does Elon have now? Yeah, I know he bought Twitter and stopped woke morons from censoring others. Bill Clinton managed to reduce the size of government without making a big deal about it on a daily or weekly basis. I get we have far too many intolerant wokesters in govt harassing law-abiding Americans but we're losing talented people especially science and medical professionals. Govt might actually become more inefficient without any significant budget savings.
I THINK, the short term goal is to use the tariffs money to pay down the national debt. I THINK, the long term goal is to shift government income from citizen paid taxes to funds from the tariffs. Solving the national debt problem is going to be very painful for some generation or generations, I just wish he wouldn’t have picked the generation that I decided to retire and the stock market is my sole means of survival. I’m just curious if anything meaningful can be accomplished in 4 years, or maybe 8-12 years if Vance is elected because the first Democrat to take office is going to dismantle everything Trump has done just out of spite whether it was positive or not.
I remember all those lefty anti-capitalist, anti-free trade demonstrators years ago violently protesting against the WTO and other groups in Seattle and elsewhere. Trump has done part of what they wanted. Their heads must be exploding right now.For those who have long term political memories, I just want to point out using tariffs the way Trump is using them now was brought to the table prior to Covid by Bernie Sanders....you see, sometimes the far left and far right aren't too far apart
Trump is absolutely wrecking retirees right now. This is a textbook example of sequence of returns risk.
1. Trump is out of control
2. I like the fact they're shipping out "Illegals" who are.....you guessed it, here illegally
3. Bourbon is so damn good
4. I'm a recreational gynecologist
5. Politics are stupid as hell when both sides are the exact same thing, just a different flavor
Lock it Mother17ers! LOL
2. I like the fact they're shipping out "Illegals" who are.....you guessed it, here illegally
3. Bourbon is so damn good
4. I'm a recreational gynecologist
5. Politics are stupid as hell when both sides are the exact same thing, just a different flavor
Lock it Mother17ers! LOL
As with any economic policy there will be pumpers and gloomers. Obviously the market is gonna tank a bit because they don’t know for sure what is going to happen.
If it is worth current market losses for the potential gains in US manufacturing remains to be seen. There is some logic there that makes sense, but who knows if it will be realized.
I’m always of the opinion that nothing is as great as one side claims or as bad as fear-mongers scream.
Anyone planning to retire soon should be shielded decently or they have a horrible financial advisor. You don’t keep your retirement funds in the potentially volatile market when close to retirement.
If it is worth current market losses for the potential gains in US manufacturing remains to be seen. There is some logic there that makes sense, but who knows if it will be realized.
I’m always of the opinion that nothing is as great as one side claims or as bad as fear-mongers scream.
Anyone planning to retire soon should be shielded decently or they have a horrible financial advisor. You don’t keep your retirement funds in the potentially volatile market when close to retirement.
The previous administration paid to bring people in from other countries. No vetting just come on in.
Seems that most people don't even realize that most countries had nearly 200% tariffs on US goods for years.
But continue to be clueless.
But continue to be clueless.
I’m very worried as we all should be. Even if this play works out it will take 10 years of consistent policy to see it. We won’t even be able to tell because no laws have been passed yet. This can all be undone with a switch of power back to Democrats and a stroke of their pen.
Give me a break on the negotiations strategy excuse. If it’s hard negotiations why not work all this out before announcing? Why not give them a month to respond and keep them from going into effect? The countries listed included a lot of our historically closest allies. No one had a clue what was going to be released before yesterday.
Give me a break on the negotiations strategy excuse. If it’s hard negotiations why not work all this out before announcing? Why not give them a month to respond and keep them from going into effect? The countries listed included a lot of our historically closest allies. No one had a clue what was going to be released before yesterday.
"Well other countries have been unjustifiably taxing their people through tariffs too,so we will do the same!“
... this just isn’t the mic drop that some seem to think it is.
So. Only some items and it didn't make those countries richer or us poorer. You really think the Canadian cheese cartel is something to be worried about?
The changing definition of what it means to be a conservative and a Republican and the comment above about far left and far right having some ideas in common. They have some behaviors in common too.
Our economy shouldn’t be propping up Japan and Germany (amongst others). The reconstruction from WWII is over. Reciprocal is the key word. This is how to bring them to the table. Without this, we can’t bargain. They will call our bluff and continue to bilk us. Do we want manufacturing jobs state side or are we content to let key manufacturing of goods (like ibuprofen for instance) remain in the hands of possible enemies?
Because then it's not a "win" for the narcissist in chief. His opponents must be cowed and beaten into submission.
- Status