Tariffs Catch-All

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superrific said:
No, it shows that he's even more irrational. It shows conclusively that there was no plan -- not that anyone thought there was, but this proves it.

So Trump has ripped up all of our trade treaties, and now has absolutely nothing to show for it. We collected basically nothing from the one week of tariffs; we pissed off everyone across the world; and business uncertainty ramped up. For what? FOR WHAT?

The main non-tariff barrier US companies are going to be facing in the next couple of years is the resentment of other countries toward the US. These boycotts aren't going to just go away. And there are non-US companies getting free market share, which the US companies might find hard to claw back.
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He clearly had no plan. He's an impulsive moron, but he has just enough sanity and rationality to recognize the impact of his tariffs IF they were not paused.

That glimmer of sanity, I believe, is a good sign. He's not willing to set fire to our economy.
 
superrific said:
The vast majority of this type of "knowledge" is used for money-losing purposes by Dunning Kruger types. My dad has that kind of knowledge and has lost hundreds of thousands of dollars trying to play with options.
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I would say this is generally true, at least from my experience, but I certainly wouldn't call it the vast majority. I've seen a lot of people make a shit-ton of money with options but certainly seen plenty of people like your dad lose a shit-ton as well (I don't know what a Dunning Kruger type is).
 
hedge said:
I would say this is generally true, at least from my experience, but I certainly wouldn't call it the vast majority. I've seen a lot of people make a shit-ton of money with options but certainly seen plenty of people like your dad lose a shit-ton as well (I don't know what a Dunning Kruger type is).
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I still say the use of options as a hedge can be a good strategy.

That is exactly why I bought the puts I did. Originally it was a hedge on my 401k, an insurance policy. I was willing to take a loss of the premium to hedge against potential big losses.

Then I went conservative in my 401k and lost the reason to hedge.
 
Man, today has probably been an ego boost to the narcissist in chief. He can literally make or destroy trillions of dollars on a simple tweet.

Nobody should have that sort of power and I think you should expect it to be wielded more and more.

Anyone with any sense would start limiting their country's exposure to the US.
 
ChapelHillSooner said:
Man, today has probably been an ego boost to the narcissist in chief. He can literally make or destroy trillions of dollars on a simple tweet.

Nobody should have that sort of power and I think you should expect it to be wielded more and more.

Anyone with any sense would start limiting their country's exposure to the US.
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Trump sent out the Bat signal to the BBs this morning. Only they know the 1% of the time he's not lying.

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nycfan said:




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Lie lie lie lie....

It's all they know how to do.

My coworker and I were discussing at lunch. Normal MAGA well the other counties are ripping us off. Really how? Well there's corruption. Really how does that relate to tariffs? Well national debt is bad...

Just like fox need he was all over the place.

He said that these other countries were going to cave. 10 minutes later I told him he was correct about the cave, just not who. Then showed him the headlines about the pause.

I'm getting to where I don't even want to be around these people.
 
nycfan said:
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The childish ways Trump ha to be convinced ….
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“…..a consummate consumer….”

Consummate - adjective. (1) Showing a high degree of skill and flair; complete or perfect. (2) Extremely skilled and accomplished. (3) of the highest degree.

I don’t think the reporter knows the meaning of “consummate.”
 
ZenMode said:
He clearly had no plan. He's an impulsive moron, but he has just enough sanity and rationality to recognize the impact of his tariffs IF they were not paused.

That glimmer of sanity, I believe, is a good sign. He's not willing to set fire to our economy.
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What? He did set fire. Just because he stomped it down a little before the whole house was on fire is very little hope in the long term.
 
UNCatTech said:
What? He did set fire. Just because he stomped it down a little before the whole house was on fire is very little hope in the long term.
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I think you'd agree that letting the tariffs go into effect would have been throwing gas on the fire....
 
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