Tariffs Catch-All

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UNCatTech said:
I wish they wouldn't concede. The only way trump changes is if his cult turns on him. Any concessions and the cult will take it as a win.
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The cult will NEVER abandon Trump. It is easy for them to hang on now. The real core of his base, the uneducated rural white nationalist, fake (if not shallow) "Christians" have no money invested

They would not feel any effect until inflation, layoffs, and recession hits. Even then, they've already been programmed to believe this is all necessary for Trump to save our country. They are gullible suckers; hook, line, and sinker.
 
Kraftyheel89 said:
The cult will NEVER abandon Trump. It is easy for them to hang on now. The real core of his base, the uneducated rural white nationalist, fake (if not shallow) "Christians" have no money invested

They would not feel any effect until inflation, layoffs, and recession hits. Even then, they've already been programmed to believe this is all necessary for Trump to save our country. They are gullible suckers; hook, line, and sinker.
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If we have a recession they will be hit hardest. I've read estimates that manufacturing would, at a minimum, lose half million jobs, but it could easily go into the millions.
 
Responding to atTech above. Another post beat mine.

Very true. And they will blame Dems and the Deep State for their plight. They will say Trump is doing what is necessary to SAVE them all and our country.

Ridiculous I know, but that is what Fox and talk radio will continue to peddle and they will eat it up like starving sheep.
 

Wall Street’s ‘fear gauge’ soars to a rare ‘crisis’ level. What that means for stocks.​

It’s rare to see Wall Street’s so-called fear gauge end as high as it did on Friday — with closes above 40 historically signaling “a crisis that demands an immediate policy response,” according to DataTrek Research.

The Cboe Volatility Index (VIX) was rising again on Monday morning after surging Friday amid tariff anxiety. “Friday was a true panic day,” Nicholas Colas, co-founder of DataTrek, wrote in a note emailed Monday.

 
wmheel1287 said:
And what are those folks supposed to do for the next decade it would take to move manufacturing to the US in most sectors? Who the hell is going to buy what they are manufacturing when it does?
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Not to mention that those folks are not going to be very good at manufacturing jobs. People who are good at shop (to use a term meant generally to refer to making things in the physical world) can work in those fields. People who aren't good at shop go into office work. Or health care work. Or park ranger work. Or any types of careers that do not require shop facility.

You can't take a VA nurse and make him/her into an auto worker. Especially if that person has been a nurse for 20 years. There are skills, habits of mind, physical factors that person won't have, and will instead have different ones.

This is a perfect example, though, of the mindset of financiers like Bessent -- who, we have to remember, are the real out-of-touch elites. Having known people in that world, and judging from Bessent's comments, I'm confident he views the labor market as a tiered ladder. Everyone at a high rung can do the jobs of the people in the lower rung. People like him, of course, can do any job -- not that he ever would, you know, but it's possible.

For instance, there is a zero percent chance that I could be successful on a meat processing line. I simply cannot maintain my concentration on that task for so long. My mind will wander onto something unrelated, and then I fuck up four of my cuts and maybe I get a finger cut off or something. My guess is that many government employees would have a very hard time maintaining that consistent focus. To work in an office is to be in a place where that type of consistent focus is not valued; rather, the coin of office work tends to be context switching. It's probably not a bad assumption that my mind is naturally and perhaps genetically peripatetic, but other people learn that type of mental processing. After 15-20 years of it, I find it very hard to believe that a person can just switch modes.
 
Healing said:
Bill Ackman, 4/7/25: “I don’t think this was foreseeable”

Zzlp since summer ‘24: This tariff shit is going to cause a worldwide recession and destruction of US economic hegemony.
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I think he meant that it was not foreseeable that Trump would be allowed to do something so fundamentally irrational.

Which is clearly hilarious -- I mean, whatever you thought Trump was going to do, it was obviously foreseeable that he might do what he said he would do. But it does capture the mindset of the Trump backers. "We'll elect him, and then we'll control him" they thought. Hahaha.
 
Kraftyheel89 said:
Responding to atTech above. Another post beat mine.

Very true. And they will blame Dems and the Deep State for their plight. They will say Trump is doing what is necessary to SAVE them all and our country.

Ridiculous I know, but that is what Fox and talk radio will continue to peddle and they will eat it up like starving sheep.
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I miss that brief moment right after the 2022 midterms when Republicans woefully underperformed expectations and many republicans started to fear that Trump’s endorsements were toxic, and FOX started to turn on Trump a bit and suggest that the Republican Party needed to move on from him.
 
Most major rapid selloffs have a brief, often one day, headfake (aka dead cat bounce, "bottom" feeders). And then the selloff resumes.

Thursday and Friday, there were literally only a couple of stocks up, the other 498 were all down. Right now, there are a good number and percentage of stocks in the green. The S&P and Nasdaq are about back to flat for the day, even after Trump raises tariffs on China and digs in deeper.

We'll see if the last hour trend continues, but this could be that dead cat bounce that always happens. If the bounce is merely flat for one day, oh boy.
 
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