What just happened in the market?

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ckDOG

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And we weren't doing the same when Biden unilaterally attacked the fossil fuel industry his first day in office and ignited one of the worst runs of inflation in recent history ? Presidents (from either party) governing predominantly with EO's is bad for the country...IMO.
Gotta get away from EOs no doubt about it. Way overdue in kneecapping the president and directing our attention, praises, and grievances to our much closer to us congressmen. If they are going to make careers out of it they need to be put to actual work instead of constant fundraising

ETA: the presidency should be boring outside of the commander in chief functions and veto power IMO. The bulk of policy making? They are doing way too much.
 

mstateglfr

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Feb 24, 2008
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You have much double speak. You say you'll give him credit, then in the same sentence wonder if we are there because of him. You can't have it both ways. Either he got us there and he gets credit or it's his fault and he gets blame.

And you are wrong about taking years. This is a perfect example. When inflation his because of Biden, businesses didn't take years to lay people off. It started happening quickly. Markets react quickly. Policies do take some time, but not years. We have seen that since Trump has taken office again.

Of course, if you want to play that game, Biden is really to blame for all of this chaos.
The red bolded comments are a false choice.
I said I didnt blame Trump for the markets and economy tanking in 2020 and said I think it would have happened regardless of who was in office.

That isnt double speak, just like me maybe not giving a president credit for an economy doing well isnt double speak.

Sometimes things go well despite a person's influence. Sometimes things go poorly despite a person's influence. Thats reality.
Like a lot of things in life, context is key and effort is required to analyze a situation.
 

Darryl Steight

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Sep 30, 2022
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And, look, if I knew Trump was bluffing, I'm pretty sure most world leaders knew it was a bluff, too.
Be honest. You didn't know. Hell, I still don't know if it was really just a bluff. He did actually put tariffs into effect a week ago.

If we all "knew" he was bluffing, we sure as hell wasted a lot of energy around here (and in the media, and on socials) crying about it the past few days.
 
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patdog

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Be honest. You didn't know. Hell, I still don't know if it was really just a bluff. He did actually put tariffs into effect a week ago.

If we all "knew" he was bluffing, we sure as hell wasted a lot of energy around here (and in the media, and on socials) crying about it the past few days.
I haven't lost any sleep over any of this.
 

Darryl Steight

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It's amazing to me how our global leaders just look the other way while China poisons the planet and fuels the international drug trade while manipulating their own currency.
It's amazing, but obvious, "how" they look the other way... All those leaders are getting paid. China is the biggest briber in the world and has been for decades. They don't give a **** about rules or being nice or fair. This is war.

Sun Tzu's principals writ large.
 

Darryl Steight

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There is no reason. We have a president who is demonstrably dumber than any international leader he will face. Combine that with the MAGA braintrust he has assembled behind him, and it is rare (impossible?) to find an adult in the room. This is the big reason his second term is nothing like his first. He kept decent people in most positions term one. He has people in high positions now who have three key criteria:

1) They will praise their leader.
2) They will not question their leader.
3) They will put their leader above anything, including law and Constitution and they will attack anyone who questions him.

Guys like this who literally met none of the qualifications for the position and serve only by exception from Trump:

General Dan ‘Razin’ Caine, Chairman of the Joint Chiefs of Staff, who got himself "qualified" with one Trump fellatio session: “I love you, sir. I think you’re great, sir. I’ll kill for you, sir.

In summary:

  • No one joins a cult; they are recruited by systematic social influence processes.
  • Destructive individuals and cults use deception and undue influence to make people dependent and obedient.
  • Cult leaders are typically malignant narcissists and want people who will be obedient to them.
oh-brother.gif
 

QuaoarsKing

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Mar 11, 2008
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Well both did have radical social agendas that a lot of the country hated but hey nobody's perfect .
And ...?

(Hint: if Obama and Biden were so bad that they caused their [much less popular and female] successors to lose, what does that say about Trump's loss himself in 2020?)
 

mstateglfr

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Feb 24, 2008
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Be honest. You didn't know. Hell, I still don't know if it was really just a bluff. He did actually put tariffs into effect a week ago.

If we all "knew" he was bluffing, we sure as hell wasted a lot of energy around here (and in the media, and on socials) crying about it the past few days.
Are we not bringing manufacturing back then? I was told tariffs were put in place to bring manufacturing back.
Are we not raising funds through tariffs to make America wealthier? I was told funds from tariffs would make America wealthier
Are we not using tariffs to reverse decades of 'unfair treatment' by the rest of the world? I was told America has been subsidizing the world, despite receiving goods in exchange for funds.
Are we not using tariffs to curb drugs and people illegally entering the country? I was told tariffs will force countries to stop these things from coming to the US.
“If you want your tariff rate to be zero,” Mr. Trump said outside the White House on Wednesday, “then you build your product right here in America.”

I was told we are using tariffs to do all these things, despite some directly conflicting with others, making it impossible for both to exist.
I was also told dozens of countries were lined up and ready to concede so the tariffs would be dropped.


...but it seems he put a pause on everything, despite not needing to do so. He was getting everything he wanted, per him and his staff.
 

Dawgzilla2

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Oct 9, 2022
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Be honest. You didn't know. Hell, I still don't know if it was really just a bluff. He did actually put tariffs into effect a week ago.

If we all "knew" he was bluffing, we sure as hell wasted a lot of energy around here (and in the media, and on socials) crying about it the past few days.
Like I said, I never believed these tariffs would be in place for long....although I did think he would wait until he got some meaningless concessions from other countries. And I was just basing that
on his earlier Canada/Mexico tariffs along with the belief that someone in his inner circle has some sense.

And I'm not claiming to be some knowledgeable guru. I know very little about global economics, which is why I'm certain plenty of people drew the same conclusions.

I don't know what most people's thinking was over the last few days. I was mostly just irritated at how unnecessary it was. And it's probably illegal.

My portfolio didn't take too much of a hit. I was scared out of the market by Trump's Congressional address.

ETA: I also thought it was strange I could only find 1 lawsuit filed over the tariffs, and that was by a woman claiming to be harmed by the tariffs against China. Most of Trump's controversial moves have been hit with multiple lawsuits within hours. I thought maybe attorneys were waiting to see if there was any real reason to sue.
 
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Darryl Steight

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Like I said, I never believed these tariffs would be in place for long....although I did think he would wait until he got some meaningless concessions from other countries. And I was just basing that
on his earlier Canada/Mexico tariffs along with the belief that someone in his inner circle has some sense.

And I'm not claiming to be some knowledgeable guru. I know very little about global economics, which is why I'm certain plenty of people drew the same conclusions.

I don't know what most people's thinking was over the last few days. I was mostly just irritated at how unnecessary it was. And it's probably illegal.

My portfolio didn't take too much of a hit. I was scared out of the market by Trump's Congressional address.
That's fair, like I said, I didn't know either. I thought someone asked earlier "why" he did it in this chaotic manner, and why not just threaten tariffs to get them to the table... I think actually putting them into effect and causing a little chaos was his way of showing the Chinese he was serious and wasn't backing down.
 

She Mate Me

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That would be true if Trump was trying to balance the budget or cut spending, but in his first term, he put the country deeper in debt with deficit spending and he’s on that path now with what he wants to do with the budget. It will put the country even more deeper into debt, so I’m nearly not sure that Trump is any different then Obama or Biden as far as spending goes.

And I know you’re going to point at the doge cuts, but those are really just drops in the bucket.

I'm going by the things his top financial guys, Bessent and Lutnick, are saying repeatedly in the different places I have listened to them.

Look, I have major doubts that they can get the spend and revenue in some kind of balance to get the debt service manageable, but I'm positive the alternative was going to destroy us. So I have to the root for what he's doing to get us somewhere. There was no will to do drastic things from any other corner of Washington.

I guess most of the country was asleep and unaware of the dire starits we were in because the market just kept going up. There is a group in place now that clearly understand this. I hope they're genuine in what they say and can help us all out.
 
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MSUDAWGFAN

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Apr 17, 2014
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I don't know what your question is. I think you know I'm not the type who will "refuse" to answer anything.
My question was if the economy is doing really well in a year would you give Trump the credit since so many are blaming him now.
 

thatsbaseball

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May 29, 2007
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Are we not bringing manufacturing back then? I was told tariffs were put in place to bring manufacturing back.
Are we not raising funds through tariffs to make America wealthier? I was told funds from tariffs would make America wealthier
Are we not using tariffs to reverse decades of 'unfair treatment' by the rest of the world? I was told America has been subsidizing the world, despite receiving goods in exchange for funds.
Are we not using tariffs to curb drugs and people illegally entering the country? I was told tariffs will force countries to stop these things from coming to the US.


I was told we are using tariffs to do all these things, despite some directly conflicting with others, making it impossible for both to exist.
I was also told dozens of countries were lined up and ready to concede so the tariffs would be dropped.


...but it seems he put a pause on everything, despite not needing to do so. He was getting everything he wanted, per him and his staff.
"An economy can absolutely take years to turn.'" This is a quote from you earlier in this thread but now you seem to be asking why Trump hasn't already accomplished his full agenda. And you wonder why people tire of your long winded BS.
 
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Darryl Steight

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That perspective changes a little when you do what I do for living. It’s downright terrifying.
Easy for me to say, but my feeling is that Trump is going to protect farmers. Didn't he send some aid money that way last time they (y'all) were getting hurt? He has some sort of package in the works if/when needed. He isn't going to let US agriculture go under. (Again, easy to say, I know it must painful at the moment and I'm not downplaying that.)
 

L4Dawg

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Oct 27, 2016
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Did anyone honestly expect this to turn out much different than this? Everyone always freaks out over Trump's bluffs and blustering, and then it usually turns out OK. There's a lot of reasons to not like Trump, but his economics and foreign policy aren't two of them.
Those are the main two.
 
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mstateglfr

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"An economy can absolutely take years to turn.'" This is a quote from you earlier in this thread but now you seem to be asking why Trump hasn't already accomplished his full agenda. And you wonder why people tire of your long winded BS.
It was stated that tariffs were put in place to reshore manufacturing. So if tariffs are then placed on hold 1 week after they go live, it makes it seem like tariffs werent actually put in place to reshore manufacturing.
Surely you can see that such a move is confusing and seems conflicting.

As for why Trump hasnt accomplished his full agenda yet, no I dont expect him to have accomplished it yet. That is totally separate from me wondering why tariffs that were put in place to reshore manufacturing are now on hold just 1 week later.

If Trump plans on reshoring manufacturing a different way, fair enough. Lets hear the new plan.

I am just going off of what Trump and his staff have said here. If you dislike what I have posted, take it up with Trump and his staff.
 

L4Dawg

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I think our other customers might have been positioning away from us instead of playing ball so we have to keep that from happening. Saw a headline that despite stock market sucking hard the 30 years treasury prices were falling - which is counterintuitive and would make the refinancing of our debt a lot more difficult. Someone fact check me on that part though - it was a headline and I didn't get in the weeds.
That’s exactly why he backed down, and make no mistake, he backed down. It didn’t hurt that he and his buddies probably made a TON of money the last few days.
 

mcdawg22

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So the millions of manufacturing jobs aren’t going to come to America? I’m so confused. Are we at 4D or 5D chess now?
 
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L4Dawg

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That would be true if Trump was trying to balance the budget or cut spending, but in his first term, he put the country deeper in debt with deficit spending and he’s on that path now with what he wants to do with the budget. It will put the country even more deeper into debt, so I’m nearly not sure that Trump is any different then Obama or Biden as far as spending goes.

And I know you’re going to point at the doge cuts, but those are really just drops in the bucket.
The deficit is on track to be substantially higher this year. As you pointed out that is in line with his first term.
 

mcdawg22

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These threads remind me of an Irish baseball thread. Market goes down Fahr Lemonhead!!!!!
Markets go up, you fahr Lemonhead people are idiots, let it play out.
Markets go down, you keep Lemonhead people are idiots let it play out!!!
No matter what the final score is, we’ll just repeat the cycle the next day.
 

dorndawg

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Sep 10, 2012
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This was and continues to be a heist. Everything else is window-dressing.
 

She Mate Me

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That perspective changes a little when you do what I do for living. It’s downright terrifying.

I have a lot of sympathy for anyone dealing directly with the whipsaw of all of this. I think tough times were coming one way or the other. I hope this way ends up Making America Great Again (I'm a 🌽 🌽 🌽 🐶 🐶 🐶)!!
 
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bolddogge

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Aug 23, 2012
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Is there any reason Trump could not have accomplished the same goal without tanking our markets first and freaking everyone out? Just threaten tariffs and open the lines of communication?
Although he didn't give percentages, he said weeks in advance what he was going to do and when. Nobody came to the table. They called his bluff. But he wasn't bluffing. 17A17O.
 
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Pilgrimdawg

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At some point China must be dealt with and this is as good of a time as any. I spent 30 years in the electric motor manufacturing industry and Chinese Companies where constantly copying our products and even selling them under our part numbers. After that plant closed and moved to China I spent 13 years working for a company that manufactures hotel furniture. They also copied our designs, sold under our part numbers and once while doing a trade show, we found one of these Chinese companies over on the next isle showing copies of our products, using our part numbers, and using labels and signage indicating that they were our company. Two different companies at the same show both saying that they were the same company. They didn’t even try to hide it. They thought it was funny until we had them kicked out of the show. Our owner tried to sue them but it was a Chinese company and he got nowhere with it. So yes, it’s way past time that China was dealt with one way or another. I was in sales and marketing and it was a constant problem that should have never existed in the first place. I hope we hammer their a$$.
 

GloryDawg

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i.e. he demonstrated once again that he is bat$**** crazy and has absolutely no plan whatsoever...
Your Trump hate makes you obtuse and gullible. You try to show your Trump hate in almost every single thread. The moderators have warned you but you still go full blown stupid with your hate. You seriously need help.
No China punched back harder and stopped all companies from investing in the US.

https://www.msn.com/en-us/money/oth...-investing-in-us-as-tensions-rise/ar-AA1C8RLz

We have a pilot who can't read an altimeter...
The only chance China has of winning is if they cook up another virus in one of their labs.
 

She Mate Me

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The funniest thing in this entire thread is that there are people who are actually suggesting that there is a legitimate strategy to any of this...

But is it even as funny as people who have no ability to change their name from Anonxxxxxxxx to something original, yet think we should respect their opinions on anything else kinda complicated??
 
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johnson86-1

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I haven't lost any sleep over any of this.
I haven't lost sleep, but I have had some concern about how far Trump would push it and how bad it would get. And I don't have any significant direct exposure to tariffs and would only be hurt by after second or really probably third and fourth order effects started hitting. I think I'd have been losing sleep if I was in a business with imported inputs and trying to figure out what tariffs would be on them and if and how I could adjust my supply change to get them domestically.
 

mstateglfr

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Although he didn't give percentages, he said weeks in advance what he was going to do and when. Nobody came to the table. They called his bluff. But he wasn't bluffing. 17A17O.
He didnt bluff, but a week later he put a pause on tariffs(except China), despite recently claiming dozens of countries were ready to bend the knee.
I am sure some here will be able to spin that into a win that makes sense to them, but the rest of us will just be standing here confused and empty handed.
 
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She Mate Me

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At some point China must be dealt with and this is as good of a time as any. I spent 30 years in the electric motor manufacturing industry and Chinese Companies where constantly copying our products and even selling them under our part numbers. After that plant closed and moved to China I spent 13 years working for a company that manufactures hotel furniture. They also copied our designs, sold under our part numbers and once while doing a trade show, we found one of these Chinese companies over on the next isle showing copies of our products, using our part numbers, and using labels and signage indicating that they were our company. Two different companies at the same show both saying that they were the same company. They didn’t even try to hide it. They thought it was funny until we had them kicked out of the show. Our owner tried to sue them but it was a Chinese company and he got nowhere with it. So yes, it’s way past time that China was dealt with one way or another. I was in sales and marketing and it was a constant problem that should have never existed in the first place. I hope we hammer their a$$.

When you've had this kind of firsthand experience with their 17ery, you'll never have sympathy for them again. Hammer their asses.
 
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