trump announces 90 day pause on tarrifs. saw the prices jump and checked, and that's it.
my base case is that the 10% blanket tariff will stay...the punitive tariffs will go away for the most part but not the 10%. the punitive tariffs will be used as a weapon mainly against china.
trying to force the world to choose between the US and China.
He'll declare victory out of nowhere and the whole thing will go right back to where it was a month ago.
And he'll probably pull the same stunt in another 6 months before the Christmas holidays so that he declare himself as having saved Christmas
Detractors screech about inflation, but they ignore the hidden costs of our current decay. Yes, a $10 toaster from overseas is cheap—until you factor in the billions spent on welfare for displaced workers, the opioid crisis fueled by joblessness, or the national security risks of relying on China for everything from microchips to antibiotics. What’s more expensive: paying a fair price for a toaster built in Ohio, or surrendering our resilience as a nation? Tariffs force us to confront these truths.
I love how this thing just gets crazier the deeper you go into it lmao.
I am not exaggerating when I say this is the kind of reasoning you would see from someone with an IQ of roughly 80-85
yeah Americans are really excited to get jobs on assembly lines.
Having a majority of your workforce performing backbreaking manufacturing of low cost, easy to produce goods isn't really an enviable thing.
It's all just pure nostalgia
Funny how DOGE just pumped up the labor pool by firing over a quarter-million federal employees, and incentived early retirement by yet more, and deporing farm laborers, may make that back-breaking manufactoring and agriculture work not nostalgia for them - no, more like the future?
Got to fund those tax breaks for the wealthy somehow, I guess.
my base case is that the 10% blanket tariff will stay...the punitive tariffs will go away for the most part but not the 10%. the punitive tariffs will be used as a weapon mainly against china.
trying to force the world to choose between the US and China.
He'll declare victory out of nowhere and the whole thing will go right back to where it was a month ago.
And he'll probably pull the same stunt in another 6 months before the Christmas holidays so that he declare himself as having saved Christmas
that's the question...has trump killed the golden goose? Does the world realize the docile US public is being led by a very angry, vengeful, Euro-hating, China-hating, furrner hating mad king? And go put their money elsewhere?
I mean really. Trump could wake up tomorrow, declare another phony national emergency and put capital controls on accounts held by nations he doesn't' like. We already took Russia's money away from them so there's a precedent.
I don't think people trust this country anymore. The flow of capital will slow to our shores and we will be poorer for it.
PEs will certainly come down, for one. Interest rates will rise too.
This post was edited 53 seconds after it was posted.
Just like during COVID, a big dive in the market is just a great opportunity to pick up stocks/funds on the cheap. The market WILL rebound to previous high. It always does
I am not exaggerating when I say this is the kind of reasoning you would see from someone with an IQ of roughly 80-85
Point of interest for those who don’t know how IQ scale works; an 85 IQ puts somebody at around the 16th percentile, meaning they are smarter than about 16% of the population, or dumber than about 84%. They are smarter than roughly 1 in 6 people. So, in a group like ours with about 6 regular contributors and a couple dozen more occasional posters, somebody likely has an IQ of 85 or less.
We are all free to speculate who that might be among us. 🙂
Detractors screech about inflation, but they ignore the hidden costs of our current decay. Yes, a $10 toaster from overseas is cheap—until you factor in the billions spent on welfare for displaced workers, the opioid crisis fueled by joblessness, or the national security risks of relying on China for everything from microchips to antibiotics. What’s more expensive: paying a fair price for a toaster built in Ohio, or surrendering our resilience as a nation? Tariffs force us to confront these truths.
I love how this thing just gets crazier the deeper you go into it lmao.
I am not exaggerating when I say this is the kind of reasoning you would see from someone with an IQ of roughly 80-85
And you are an arrogant academic with little common sense.
I am not exaggerating when I say this is the kind of reasoning you would see from someone with an IQ of roughly 80-85
Point of interest for those who don’t know how IQ scale works; an 85 IQ puts somebody at around the 16th percentile, meaning they are smarter than about 16% of the population, or dumber than about 84%. They are smarter than roughly 1 in 6 people. So, in a group like ours with about 6 regular contributors and a couple dozen more occasional posters, somebody likely has an IQ of 85 or less.
We are all free to speculate who that might be among us. 🙂
Well I am smart enough to have never panicked in the last several weeks. So I’ll leave the speculation on who has a higher IQ or just more common sense to others.
Hey Flagpole, just checking in sweetheart, seeing how you're doing. You must be terrified. I'll be back on Wednesday to rub Trump winning in your face! :)
1) I'm not terrified at all. Harris is going to win.
2) Nah, you won't be back here to rub anything in my face. Trump will lose.
Harris wins. It's over.
Hey Flagpole, remember when you said this? Just a reminder :)
He'll declare victory out of nowhere and the whole thing will go right back to where it was a month ago.
And he'll probably pull the same stunt in another 6 months before the Christmas holidays so that he declare himself as having saved Christmas
that's the question...has trump killed the golden goose? Does the world realize the docile US public is being led by a very angry, vengeful, Euro-hating, China-hating, furrner hating mad king? And go put their money elsewhere?
I mean really. Trump could wake up tomorrow, declare another phony national emergency and put capital controls on accounts held by nations he doesn't' like. We already took Russia's money away from them so there's a precedent.
I don't think people trust this country anymore. The flow of capital will slow to our shores and we will be poorer for it.
PEs will certainly come down, for one. Interest rates will rise too.
With all due respect, where you born yesterday?
It's the exact same thing he did in 2018. And we had the exact same conversation - "oh well he's really exhausted a lot of good will! I bet Europe isn't going to tolerate this next time!"
And then Biden won in 2020 and suddenly everyone forgot.
I am not exaggerating when I say this is the kind of reasoning you would see from someone with an IQ of roughly 80-85
Point of interest for those who don’t know how IQ scale works; an 85 IQ puts somebody at around the 16th percentile, meaning they are smarter than about 16% of the population, or dumber than about 84%. They are smarter than roughly 1 in 6 people. So, in a group like ours with about 6 regular contributors and a couple dozen more occasional posters, somebody likely has an IQ of 85 or less.
We are all free to speculate who that might be among us. 🙂
IQ does not necessarily follow perfect distribution in all population sizes.
Point of interest for those who don’t know how IQ scale works; an 85 IQ puts somebody at around the 16th percentile, meaning they are smarter than about 16% of the population, or dumber than about 84%. They are smarter than roughly 1 in 6 people. So, in a group like ours with about 6 regular contributors and a couple dozen more occasional posters, somebody likely has an IQ of 85 or less.
We are all free to speculate who that might be among us. 🙂
IQ does not necessarily follow perfect distribution in all population sizes.
that's the question...has trump killed the golden goose? Does the world realize the docile US public is being led by a very angry, vengeful, Euro-hating, China-hating, furrner hating mad king? And go put their money elsewhere?
I mean really. Trump could wake up tomorrow, declare another phony national emergency and put capital controls on accounts held by nations he doesn't' like. We already took Russia's money away from them so there's a precedent.
I don't think people trust this country anymore. The flow of capital will slow to our shores and we will be poorer for it.
PEs will certainly come down, for one. Interest rates will rise too.
With all due respect, where you born yesterday?
It's the exact same thing he did in 2018. And we had the exact same conversation - "oh well he's really exhausted a lot of good will! I bet Europe isn't going to tolerate this next time!"
And then Biden won in 2020 and suddenly everyone forgot.
I read Daniel Bell's "The Coming of Post-Industrial Society: A Venture in Social Forecasting" over 50 years ago. Clearly, very few people have read it since it was published in 1973. Very prescient,this is from Wikipedia;
In The Coming of Post-Industrial Society: A Venture in Social Forecasting (1973), Bell outlined a new kind of society, the post-industrial society. He argued that post-industrialism would be information-led and service-oriented. Bell also argued that the post-industrial society would replace the industrial society as the dominant system. There are three components to a post-industrial society, according to Bell: a shift from manufacturing to services, the centrality of the new science-based industries, the rise of new technical elites and the advent of a new principle of stratification.
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