Down goes the Dow

While you’re at it sell MRNA vaccine makers, artillery shell manufacturers, and buy prison stocks.

Aren't you outraged by what Musk just did?

What did Musk do?

Thought so.

Figures, you are the same type of lunatic that called normal people racists and Trumpers for eight years.

Funny, Nazi salute from lunatic Timmy; sell Minnesota:

gents. gents. take it to the politics threads.

this is about economics and investing.

politics are relevant here but only if relevant to economics.

tariffs back on.

Market hanging in there, flattish now in the futures. hard to see the markets moving too much higher with 25% + tariffs on so much stuff.

"Trump said he is planning to enact 25 percent tariffs on Canada and Mexico starting Feb. 1."

although I guess the below is the bull case. Sure, chaos, trade wars and we will be shooting ourselves in the foot...but take off regulations and in some cases have the government eliminate your competition and it's at least temporarily good for business.

Druckenmiller: "I've been doing this for 49 years, and we're probably going from the most anti-business administration to the opposite. We do a lot of talking to CEOs and companies on the ground. And I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits"

Not tracking with that logic.

How about all the parts and materials the businesses import to make their products? How about the retaliatory tarrifs that the governments of the other countries will surely slap on the US in retaliation? And is it possible that some businesses may be okay, but the consumers (on the other hand), are going to suffer?

Not buying that line of reasoning.

well the dollar just went up a lot so that will wipe out much of the effect of the tariffs.

trump is working to lower corporate taxes again, which will go straight to the bottom line

just cutting red tape is needed...I'm in a highly regulated industry and state...it's like living in France sometimes, the stupid hoops I have to jump through. Magnify that out to the entire economy and we spend a ton of money and time getting through red tape instead of making our businesses more profitable. This is a real thing and seems to be high on the list.

Unfortunately, enviro regs will be tossed out with the dumb stuff. Great for polluting companies, bad for actual people.

Re "Trump is working to lower corporate taxes": He's literally talking about imposing import tariffs. I get that his only goal is to have people think he's great, and he knows that when he says "tariffs are actually a tax charged to other countries now" that people generally believe him, but don't tell me the guy's trying to lower corporate taxes when he's literally raising them this month.

We’ve been listening to a wide variety of pundits weigh in on the proposed tariffs. As best i can figure, the long and the short of it is that tariffs work out to be a consumption tax on individual Americans. The tariffs are paid by US businesses importing the foreign goods and services, and those extra costs will naturally be passed along the supply chain to their customers, which may include other businesses but will surely end at individual consumers.

The other important side of this is that trading partners are almost certain to impose countervailing tariffs, which will raise costs on US exports, reducing demand. Both effects likely harm the US economy and also damage wealth and buying power for the typical American.

Although perhaps not for the filthy rich. You heard it here folks… we will see lower taxes for the wealthiest class…

I might add… the production of an automobile in North America, whether in Mexico, the US or Canada (the auto industry is of strategic importance to all three economies) involves materials and parts crossing borders multiple times. I’m pulling numbers out of my rear end for illustrative purposes, but one car built in america will contain dozens of materials, parts or assemblies that each crossed one or both US borders multiple times. Imagine the chilling effect on all three auto industries of these proposed tariffs.

Of course, the argument in favour of tariffs is to rejuvenate the dying rust belt. Would that happen? If so, at what cost?

A question for the philosophers, i suppose…

well ok yes tariffs agreed, but he's also working to cut corporate *income* taxes, is what I meant. Which would go to straight to the bottom line and counteract tariffs. And if your biz doesn't import or export anything, you only have the knock-on inflation tariffs might create so lower income taxes would be a straight win.

Whoopsies. This guy is nearing grantham-esque levels of wrong.

Barchart
@Barchart
The man who has predicted 20 of the last 2 Bear Markets, Big Short Investor Michael Burry, appears to suggest that the S&P 500 is in for a massively red year.

Last edited
4:22 PM · Jan 4, 2024
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35.9K
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Yeah nah not this time

Alex Joosten
@joosteninvestor
🇺🇸 US real retail sales -0.68% YoY.
Retail sales flatline before a #recession!

6:18 PM · Jul 16, 2024
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