Uncle Bigly wrote:
Fake news. One indication of this being fake news is that the state of democracy is polled as the second important issue, just below economy. In real life America, nobody gives a damn about democracy as long as my side is winning.
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010
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Markets absolutely got routed today.
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Another Trump Dump today 💩💩💩📉📉📉📉📉
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231
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The sky is falling.
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otter wrote:
This is generally a good explanation except for one of the things mentioned here that inflation only applies to the tariffed goods. I can say first hand this is not true.
For example I work in an industry that sells products made from a type of cedar that is currently only milled in Canada. There are other options that will not be tariffed that are just as effective. Those non tariffed material options will be in higher demand than usual. The response will be a boost in price for those products as they become scarce. So the effect at least in my line of work will be far reaching causing most if not all products to increase in price.
I have owned this business for 25+ years and have always seen a bump in price as a response to an impacted product going up in price.
Just curious, what species, what products?
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The markets are pretty much in a holding pattern the next two weeks until Trump's April 2 deadline for auto tariffs. The Fed is expected to hold interest rates steady at the March 19 meeting. If the Fed makes a cut or signals that cuts are coming and could be sustained, that could get the markets to regain some ground. But tariffs plus recession equal stagflation. Nobody knows what the Fed plans to do if that comes to fruition.
If Trump goes through with tariffs, there may be a delayed impact as some auto manufacturers are planning on eating the tariffs for a few months in hopes that Trump will back down. The auto manufacturers otherwise like Trump and look forward to a NHTSA that will let them get away with making cars that regularly kill people without having to do those pesky recalls. Same for the prospect of killing off the EPA so they can get rid of those darned diesel particulate filters and catalytic converters so the sky will be a nice burnt orange on hot summer days again. So, the auto industry is willing to take one for the team as long as they can. But if nothing is resolved by summer, auto prices will spike and consumers who need to buy cars will get fleeced at the dealership. That will be when stagflation hits and all bet are off on the markets at that point.
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Stagflation has nothing to do with tariffs.
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vast majority of Americans expect things to get much worse
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Down 2% today. Trump is destroying the country
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I love getting poorer so Elon can brag about misunderstanding government contracts on Twitter
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TheAdultInTheRoom wrote:
Stagflation has nothing to do with tariffs.
False. The tariffs are inflationary and Trump's waffling on tariffs is causing economic growth to stagnate. Trump's other terrible policies are responsible for increasing unemployment.
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marketperson wrote:
Down 2% today. Trump is destroying the country
omg the market is back down to where it was 7 months ago. Some of the air is coming out of the ai (and TSLA) bloom.
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reallybroreally wrote:
marketperson wrote:
Down 2% today. Trump is destroying the country
omg the market is back down to where it was 7 months ago. Some of the air is coming out of the ai (and TSLA) bloom.
So it only took Trump 2 months to undo 5 months of Biden’s gains? Imagine where we’ll be in a few years!
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"How to ruin a Country's Health, Security and Economy in 90 Days !"Of course, a ghost writer has to get it above Trump's 4th grader level !!30
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remember when the SP dropped 1100 points in the first half of 2022?
stock market gains never have and never will go in a constant upward direction.
and it took the stock market TWO full years before it returned to the level it was at beginning of 2022
SP 500
Dec 31 2022: 4766
January 12 2024: 4783
Today: 5526
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high school xc coach wrote:
remember when the SP dropped 1100 points in the first half of 2022?
stock market gains never have and never will go in a constant upward direction.
and it took the stock market TWO full years before it returned to the level it was at beginning of 2022
SP 500
Dec 31 2022: 4766
January 12 2024: 4783
Today: 5526
The SP 500 was at 3800 on Dec. 31, 2022.
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high school xc coach wrote:
remember when the SP dropped 1100 points in the first half of 2022?
stock market gains never have and never will go in a constant upward direction.
and it took the stock market TWO full years before it returned to the level it was at beginning of 2022
SP 500
Dec 31 2022: 4766
January 12 2024: 4783
Today: 5526
the difference then is that in 2022 the government was taking steps to make the economy better and fix the situation.
Now the government is actively saying that a recession is good, needs to happen, and the gummint understands its actions are causing it and will continue to make it happen.
For that reason, year to date european stocks are up 12% and US stocks are down 5%. A massive swing for just 3m.
A 17 percentage point swing because the US is in favor of a recession and Europe is not.
All because of trump's policies, and he says we'll keep doing it.
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TheAdultInTheRoom wrote:
marketperson wrote:
I don't know how anyone thinks the Tariffs are a good idea. Actually, the Trump supporting base are poor and uneducated so they probably don't care about the markets.
Intelligent people throw themselves out of the nearest window at the first sign of market volatility.
If the day to day stock price worries you aren't wealthy enough to be trading stocks.
I have my retirement in stocks like just about everyone else.
When Biden was president I took money out and the market was doing so well that the total barely went down.
I'm afraid to look at it now.
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malmo wrote:
otter wrote:
This is generally a good explanation except for one of the things mentioned here that inflation only applies to the tariffed goods. I can say first hand this is not true.
For example I work in an industry that sells products made from a type of cedar that is currently only milled in Canada. There are other options that will not be tariffed that are just as effective. Those non tariffed material options will be in higher demand than usual. The response will be a boost in price for those products as they become scarce. So the effect at least in my line of work will be far reaching causing most if not all products to increase in price.
I have owned this business for 25+ years and have always seen a bump in price as a response to an impacted product going up in price.
Just curious, what species, what products?
Specifically Northern White Cedar. We are day to day on what is going to happen. Edited to add it is fencing products. There are US mills that specialize in other cedar products.
This post was edited 5 minutes after it was posted.30
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