Tariffs Catch-All

[ChapelHillSooner]

While the DJIA was -320 at the close it was -800 just 12 minutes before the bell.

Wonder if that was from put options being exercised?

 

[BlooVooDoo]

Isn’t Elon calling Trump an idiot in a roundabout way since Trump’s tariff BS can be traced directly back to Navarro?

Unlikely Trump can connect the dot.

 

[dcphx]

So does this mean instead of a throwing up emoji i can use a sad emoji?

It's volatile so whichever you go with probably can change quickly.

 

[nycfan]

 

[UNCatTech]

Isn't that the idiot that suggested that everyone raise chickens because of the egg shortage?

I'm surprised she didn't recommend printing your own money.

 

[SmilingJack]

Sure this was posted already but I had to post it just in case.

 

[nycfan]

Ripping?

 

[nycfan]

 

[nycfan]

 

[nycfan]

 

[Bobfripp]

Which is what it's really all about, isn't it? ... It's called 'narcissist fuel.'

 

[nycfan]

 

[StrangePackage]

And all it cost was a few hundred billion dollars from people's 401ks

 

[nycfan]

 

[Calheel]

62% of American adults own stock.

77 million people voted for Trump.

Someone isn't mathing in the administration.

 

[Zoo_View]

Right? If only there were some kind of precedent of this exact situation occurring in movies, books, TV shows, or other media, someone perhaps could have anticipated this happening in real life.

Or, in 2017-2021.

 

[superrific]

62% of American adults own stock.

77 million people voted for Trump.

Someone isn't mathing in the administration.

More than that, none of it makes sense. The wealth effect **always** applies to the wealthy (duh!). The point is that if consumers pull back spending -- and affluent people tend to consume a lot -- it can be an adverse shock that reduces overall aggregate demand. It's thus recessionary. Who the fuck cares about the incidence of the effect.

There is absolutely no way the Main Street economy doesn't suffer. I guess really they haven't listened to anyone in manufacturing. People are going to get laid off because businesses will lose competitiveness. American exporters are up shit creek.

 

[superrific]

Here's what I don't get. Why stop at 104%? Trump says that we're going to get rich from this because China is going to be paying us so much. So go to 200%. Go to 500%. Why the fuck not?

 

[UNCatTech]

He's just mixed up, that's really the Republican Party back there kissing that nasty ass

 

[Mulberry Heel]

Bullshit. Professional liar, as all of his spokesman have to be.

It's all verbal bluster and swagger, and always has been with Trump. Since he has no substance to fall back on, everything with him has always been about the public appearance - in his case, swaggering and blustering and bullying and acting tough and macho. It's been his persona for decades, best exemplified on The Apprentice when he would look tough and point his finger at somebody and say "YOU'RE FIRED!" He loves that shit, and it's really all he's got. It's no surprise that his minions have taken on the same air and are acting the way Dear Leader would want them to.