DOW Futures down another 1600
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Remember the words of James Carvell, “It’s the economy, stupid.” How many voters have the patience to allow for long-term adjustments in our economy. When prices skyrocket, people lose their jobs and the confidence to buy large-ticket items goes, then unemployment kicks in, the Republican majority will vanish, and then what? I can just see Trump drunk on the south lawn of the White House shouting, “Stella, I could have been a contender…”
Unacceptable. I want a better future without going through any lean times to get there.
What on earth do these tariffs have to do with the deficit and debt?
Likely, and I have several buy triggers set that I hope get processed
All I heard for the last 6 months was how inflated pei #'s were, even Warren Buffett wouldn't buy stocks. I don't know **** about the stock market but I could see a correction coming. Luckily I am poor.
It was unknown how precisely he’d 17 things up, only that he would.
ETA: it’s not like the dollar is holding its strength super well, either. Cash isn’t a hiding spot like in normal times.
Politicians make big money with the stock market. It's hurting them too much. They will all only be millionaires instead of billionaires now.
Again, tariffs have never and will never work. This isn't about what we want to happen. They just don't 17ing work.
Trump is either a lying mother17er or a stupid mother17er. There's no other option. If this was all to get rid of foreign tariffs on US exports, he could have just threatened removing US economic aid, and we wouldn't be the ones getting 17ed. We would have benefited either way. Instead, we're the ones getting 17ed, and way too many of you are happily going along with it.
Anyone who considers themselves small government and/ or fiscally conservative who thinks this is a good idea should be ashamed. This is absolute lunacy.
Trump is either a lying mother17er or a stupid mother17er. There's no other option. If this was all to get rid of foreign tariffs on US exports, he could have just threatened removing US economic aid, and we wouldn't be the ones getting 17ed. We would have benefited either way. Instead, we're the ones getting 17ed, and way too many of you are happily going along with it.
Anyone who considers themselves small government and/ or fiscally conservative who thinks this is a good idea should be ashamed. This is absolute lunacy.
That’s because we are getting rid of the penny** which btw I am in complete favor of
It's the same reason Penn State fans defended Paterno for allowing the raping of children. It doesn't matter how bad things are as long as it's my team.
I voted for Trump three times. I'd vote to throw him out of office tomorrow if it meant reversing this policyy. This tariff BS has been tried and it will not work. We will be lucky if this doesn't throw us into a deep recession. If you are cheering for this because you don't have money in the stock market, you would have fit in with Robespierre and his ilk in 1789. That didn't end well for him.
Again, I just hope all of us can keep our jobs through all of this. The market will come back, but we're about to see some economic shock and awe, especially on Main Street. If you own or work for a small/mid-sized business that relies heavily on imports, things are going to get bad.
You get it. We have about 2-3 months before mass layoffs come would be my guess.
I think most people voted for Trump because he was a conservative. He's not, he's a Populist. He's socially conservative and economically liberal. The opposite of a Libertarian.
I'm not going to beat my head against the wall trying to explain to people why.... this is such a bad way to MAGA. Why trade deficits are good. Why we are no longer a manufacturing economy and don't need to be. I'm going to let a couple of my heroes explain it...
Watch this one if nothing else
Congress could end this tomorrow if they wanted to. If enough big Republican donors tell the representatives they fund to retake their constitutional authority over tariffs it would happen. They know that Trump will never have to face another election and they're starting at a bloodbath in 18 or so months. If leadership is going to face getting primaried they'll have the come to Jesus talk with Trump. The truth is that Trumpism is awful for GOP politicians when Trump isn't on the ballot.
I really don’t give a damn about the markets. Tariffs and the retaliation of tariffs from other countries are going to make everyone’s life a lot harder. People complained about inflation and the cost of living….you ain’t seen nothing yet if he allows this to continue.
Trump is out to help one person…Donald Trump.
I phased out of the market last fall and by December had pulled 7 figures out and phased into real estate, money markets.
Last year timed it right on investing some into the bond market.
Made minimum 25% on real estate purchases. Just a right time right place thing.
When this market hits its final correction, it will be a steal on buying back into it.
Blaming a correction due to the last few years of government propped and AI bubble markets.....on tariffs, is just an excuse.
It was coming, and needed.
Thankfully saved a ton on potential losses, by moving out of the market for a while. Overall I have made more than lost for the year.
Last year timed it right on investing some into the bond market.
Made minimum 25% on real estate purchases. Just a right time right place thing.
When this market hits its final correction, it will be a steal on buying back into it.
Blaming a correction due to the last few years of government propped and AI bubble markets.....on tariffs, is just an excuse.
It was coming, and needed.
Thankfully saved a ton on potential losses, by moving out of the market for a while. Overall I have made more than lost for the year.
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I’ll watch those later. Take a look at this one. Be careful, we all know how much John Stewart loves Trump so it’s probably very biased.
I’ve seen headlines of clips from Thomas Sowell saying he’s not a fan of tariffs. Haven’t watched those yet either. But I don’t know how to take that when people on this board said he was an idiot but now they agree with him.
It had to much foul language aimed at other political beliefs. Therefore the insults took away from the more important point which was...
The Dow has not dipped currently to where it was in 2022. Or matched the dip from 2021 to 2022. So no need to freak out.
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Their line of thinking on some of these tariffs is bat shít crazy. Retaliatory tariffs on South Korea and Israel, two countries that have ZERO tariffs on the US yet they get slapped with a 25 percent tariff. The reason? Because of trade deficits. They’re smaller countries, of course there’s going to be a deficit.
Here’s Sowells comments. The guy is still sharp as a tack at 90 years old. If for some reason you can’t read it he basically said what could happen with a worldwide trade war is people just hold their money and pull everything out then you could see a depression like crash.
What does the size of the country have to do with anything? Smaller countries both produce less and buy less relative to larger countries. Trade imbalance is not a requirement to trade with smaller countries.
We've got too many ppl getting their economic knowledge from Rachel Maddow and Don Lemon.
So...it's just a coincidence this happened immediately after POTUS announced illegal tariffs lacking any basis in economical or mathematical logic?
It's 100% full of economic and mathematic logic. Economics 101, in fact.
Labeling trade deficits as tariffs and then using tariffs to influence/curb behavior is the consummate example of Trump's strategy in negotiations.
Would you mind articulating why you believe there's no economic or mathematic logic here? What do you predict will happen as a result?
So you're just repeating what you hear and going with it as long as it supports your narrative. Got it.
Why do you believe every smaller country must sell more goods to larger countries than it buys from that larger country? What economic principle is that? Did Ben, Rachel or Don explain that, or did you stop and think about it at all?
We buy more from South Korea than they buy from us. Who cares.
They’re not going to buy as much because they only have 50 million people to consume goods.
No I was just pointing out that it’s not just anti Trump people who think this is not a good idea.
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