Tariffs Catch-All

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Silence Dogood said:
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Early trading shows another catastrophic day for the US markets tomorrow.

Predictions of a recession come with 500k to 3M in job losses.

Manufacturing isn't returning to the US overnight and if it does it's not the savior the turd thinks it is.

Trump's economic plan comes from and advisor that made up a fictional character in his book to support his stupid tariff position.

God damn can you wake up?

There going to have to increase SS to bail out everyone who's life savings is being fucked by the stupidest president of all time and the cult is parroting fox propaganda like it's fact.
 
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UNCatTech said:
Early trading shows another catastrophic day for the US markets tomorrow.

Predictions of a recession come with 500k to 3M in job losses.

Manufacturing isn't returning to the US overnight and if it does it's not the savior the turd thinks it is.

Trump's economic plan comes from and advisor that made up a fictional character in his book to support his stupid tariff position.

God dang can you wake up?

There going to have to increase SS to bail out everyone who's life savings is being fucked by the stupidest president of all time and the cult is parroting fox propaganda like it's fact.
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If we get another 5% drop tomorrow, I may start to go into knife catching mode. My theory is that Trump will cave eventually no matter how tough he talks right now.
 
Calheel said:
If we get another 5% drop tomorrow, I may start to go into knife catching mode. My theory is that Trump will cave eventually no matter how tough he talks right now.
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Yea, but how long does it take to recover?

And no other country is going to trust us until this idiot is gone, so who's to say they will remove their tariffs?
 
UNCatTech said:
Yea, but how long does it take to recover?

And no other country is going to trust us until this idiot is gone, so who's to say they will remove their tariffs?
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Who knows, but I have a fairly long investing horizon. I bought a lot of stock in Feb-March 2020 and I was more than willing to wait for that to rebound (which happened fairly quickly).

We are basically exactly even with where we were last April. If it falls another 5% that would get us back to January 2024. There have been enormous gains in the market over the last 16 months.

Obviously, if we plunge into a depression, the knife will be painful. But I'm willing to take that gamble if the market drops enough tomorrow.
 

Nikkei plunge nears 9% as Japanese bank stocks plummet​

Japan’s Nikkei share average tumbled nearly 9% early on Monday, while an index of Japanese bank stocks plunged as much as 17%, as concerns over a tariff-induced global recession continue to rip through markets.

The Nikkei dropped as much as 8.8% to hit 30,792.74 for the first time since October 2023. The index was trading down 7.3% at 31,318.79, as of 0034 GMT, Reuters reports.

All 225 component stocks of the index were trading in the red.

The broader Topix sank 8% to 2,284.69.

A topix index of banking shares slumped as much as 17.3%, and was last down 13.2%.

The bank index has borne the brunt of the sell-off in Japanese equities, plunging as much as 30% over the past three sessions.
 
Taiwan’s stock exchange fell almost 10% on the Monday open, the first day of trading since the tariffs were announced. The drop marked the largest one-day point and percentage loss on record, according to local media.
 
Paul Donovan, chief economist at UBS Global Wealth Management:

Over the weekend, US administration officials gave contradictory statements on trade taxes, causing investors to question the existence of a masterplan. Attempts to justify attacks on the Heard Island penguins only emphasized the peculiarity of the tariff formula. US President Trump took time from their golf weekend to twice post that equity declines were “on purpose”.

Investors had assumed Trump’s trade taxes were a bargaining tool, as during the first term. That depends on competent policymaking to balance the benefits of trade negotiations against the damage of tariffs.

If the competence of policymaking is questioned, markets will worry that economic damage will be lasting.
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eu markets open down badly.

European stock markets plummet as Trump refuses to back down.​

Across Europe, stock markets are in freefall.

In Frankfurt, Germany’s DAX index has fallen by 10% at the start of trading, while France’s CAC has lost 6.6%, and the Italian FTSE MIB is down 5.7%.
 
I have seen a few articles that point out that the past few trading days roughly mirror the trading days leading up to Black Monday in 1987. There was a 22% drop that would equate to a 8,000 point drop on Monday. Of course there were no breakpoints in '87 to slow things down as there would be today.
 
The pan-European Stoxx 600 index, which tracks the six hundred largest companies in Europe, has slumped by over 6% this morning, to its lowest level since early December 2023.
 
UK index is on a sharper decline than last week. Can't imagine the Dow will fare much better.
 
ChileG said:
“To me a deficit is a loss…”

Proof positive this guy is breaking crap and doesn’t have the first clue as to why.
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I noticed that too. It’s Trump admitting he doesn’t understand the most basic aspects of international trade. As with everything in life, he sees this in the simplest, most binary possible terms, where one side must win and the other must lose. Trump isn’t mentally fit to run a 7-Eleven in Dubuque, much less the largest, most complex economy in the history of the world.
 
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