Current events discussion

[stocker08 10+ year member]

LOLOL Funny, cause` ya just did lolol

Historic stock market losses are good says the Trump cult. Not a big deal. I mean.....nobody voted based on the economy in 2024. Right?

 

[RobGMN Premium Member]

So. You lefties just want shit to ***** about and literally are bitching about everything. Don't you have lives?

Could that post BE any more ironic?

 

[RobGMN Premium Member]

TDS &:EDS. They heard & repeated the Trump & Elon are Fascist Nazis so many times that they believe it. I can't imagine being so delusional that you're pissed that the gov't isn't wasting your money.

That's an odd rambling for a guy who used to write some really good stuff here.

Go back and read a month's worth of posts from this thread.
Find one negative thing that has been said about Musk or his VP Trump that hasn't been true.

Wasting money? If Trump maintains his weekend golfing schedule throughput his 4-year term, it will cost us HALF A BILLION DOLLARS.
Why isn't DOGE digging into THAT fraud?

 

[Eggs 5,000+ posts]

Good morning. How many people bought some discounted stonks on this black Monday morning?

 

[Eggs 5,000+ posts]

 

[RobGMN Premium Member]

A very specific 10% tariff, on islands inhabited only by penguins.

 

[Jimi77 Premium Member]

That's an odd rambling for a guy who used to write some really good stuff here.

Go back and read a month's worth of posts from this thread.
Find one negative thing that has been said about Musk or his VP Trump that hasn't been true.

Wasting money? If Trump maintains his weekend golfing schedule throughput his 4-year term, it will cost us HALF A BILLION DOLLARS.
Why isn't DOGE digging into THAT fraud?

Ironically, what I posted that the left has said about Elon & Trump is untrue. Also claiming Musk is POTUS and Trump is the VP is also untrue.

 

[Jimi77 Premium Member]

Historic stock market losses are good says the Trump cult. Not a big deal. I mean.....nobody voted based on the economy in 2024. Right?

The 2020 & 2022 market losses were on par with the current pull back. The market was over valued and overdue for a correction.

 

[ThxOne Premium Member]

Geeeee, look at that. When they know Trump isn't bluffing or backing down, people start thinking rationally.

 

[Jimi77 Premium Member]

Europe needs to be smarter, they don't need zero tariffs, they need follow Trump's lead and start to bring back manufacturing back to Europe.

 

[stocker08 10+ year member]

The 2020 & 2022 market losses were on par with the current pull back. The market was over valued and overdue for a correction.

The 2020 & 2022 market losses were due to a worldwide pandemic and response to said pandemic. The market recovered and more since that. Everything happening now is entirely due to one massively unqualified and dementia riddled sociopath. The Great Trump Market Collapse.

 

[Jimi77 Premium Member]

If we just handed them money and got nothing in return.
But, that's not how commerce works.

Precisely. So you confirm that Trump told you, and you listened.
As I said: "You admitted that you think US import tariffs get paid by foreign mfgrs because Trump told you so."
And you did it again.


He said it, but unlike you I do not BELIEVE him.
I DON'T believe other countries pay US import tariffs, because that is not how the import tariff laws work.
Just because Trump SAYS something, the law does not change just to match.

Import Tariffs & Fees Overview and Resources

Learn about a tariff or duty which is a tax levied by governments on the value including freight and insurance of imported products.

www.trade.gov

The problem is you're confusing the technical "who pays" with the effect "who pays." Clearly foreign mfgrs will pay because that's who "Trump will collect the check from." Clearly a cost on the mfgr's ledger will have to accounted in pricing.

I understand that the left is extremely concerned about the economic effects of Trump adding a costs to businesses. On this particular matter, the left demonstrates considerable consistency, for example they support opening up drilling to keep energy costs down, they support pipelines, reduced regulation, etc.

 

[RobGMN Premium Member]

The 2020 & 2022 market losses were on par with the current pull back. The market was over valued and overdue for a correction.

Nothing to do with the pandemic

 

[RobGMN Premium Member]

The problem is you're confusing the technical "who pays" with the effect "who pays." Clearly foreign mfgrs will pay because that's who "Trump will collect the check from." Clearly a cost on the mfgr's ledger will have to accounted in pricing.

I understand that the left is extremely concerned about the economic effects of Trump adding a costs to businesses. On this particular matter, the left demonstrates considerable consistency, for example they support opening up drilling to keep energy costs down, they support pipelines, reduced regulation, etc.

If I order $1000 with of PC parts from China, you think that when I pick it up at the port, the shipper is going to wire me the money to cover the import tariff?

You think that when I get a package sent by mail from China, the shipper is going to wire the tariff fee to the USPS before they deliver my package?

But here's the thing: Even with a 25% tariff, those imports are cheaper than we can make stuff here.

So, we continue to buy Chinese goods, but they stop buying US goods because THEIR import tariff makes it too expensive.

MAGA winnning!

 

[Jimi77 Premium Member]

My bad, by historic I thought you meant in terms of market correction, not who could be blamed for the market correction. I think it's more of somebody or something triggering an overdue market correction. Personally, I don't find it troubling since there was really no "real" reason for the market react like it has since 2019/2020. Long term, the market (S&P 500) is returning to the pre 2019 trend line. There is probably some room for the market to dip below that trend line as countries/businesses adopt to the fact that Trump is attempting to bring jobs back to America.

The political question/gamble is the ~80% of people that really don't participate in the stock market willing to watch the other 20% suffer loses which in most cases aren't really loses but a reduction in long term gains in hopes that the long term prospect of jobs is worth it. OTOH, the gamble the left has to take is portray what is happening as historically disastrous, part of some fascist take over, etc. That said I think the left's gamble has pretty decent odds since American's are notoriously short sided and Trump's gamble is a long play. Ultimately, for Trump's plans to work, they need to maintain power in Congress and the White House. If the left regains power, it's safe to assume they'll eliminate tariffs and trade jobs for cheaper goods. What do American's really want? Are younger voters patient enough to wait for the return on investment that the right offers?