And right on cue, many on this board were wrong. People were saying Trump is alienating our trade partners. Now our trade partners are looking to negotiate with us and China is the bad actor here, not Trump.
art of the dildo
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And right on cue, many on this board were wrong. People were saying Trump is alienating our trade partners. Now our trade partners are looking to negotiate with us and China is the bad actor here, not Trump.
The interview I listened to today. Gave an example of how he claimed Reagan used tariffs against Japan and the auto industry.
Said that Reagan threatened Japan with tariffs because Japan was flooding the market with their cheap cars. So, Japan decided to self impose a limit on cars. This lead to Japanese car companies building plants in the US.
Also interesting that the person being interviewed claimed that this drove the US manufacturing, but Honda built their first plant in the US before Reagan took office.
Looked this up and found this:
Also ran across this:
Would you please edit that?CNBC had an interview with the staunchly pro-Trump head of Apollo Global this morning. At one ppint he said: "Whatever you think of Inflational Recuction Act an CHIPS. plants are already umder construction." OopsThat is the way to create manuf jobs or just make those manuf indisties part of DOD and subsizized like defense firms are. Pentagao funding steel plannts, car assembly, and steeel plants!! Take some of the 4.5 trillion tax cut and do these or low interest loans..
Oh, WE knew what would happen.Harding looks like a choirboy in comparison.
We elected a convicted felon and known crime family chief. This time without the Adults in the Room. What did we think was going to happen? lol
I don't think it was the stock market that changed the rhetoric out of the orange house, those drops were expected and baked in. It absolutely was the bond market that changed the tone. Overnight, Treasury yields were going up when you would expect them to go down. When money moves out of the stock market, typically it would move towards Treasuries, the safest investment on the planet, which in turn would reduce yields. But in fact, Treasury yields were going up which suggests that not only was money moving out of US stock, but it was also moving out of US Treasuries. In short, foreign capital fleeing the US. My understanding was that bond yields in Europe were dropping suggesting at least some capital was landing there.“… But the real credit, Mr. Trump’s advisers admit privately, should go to the bond markets. Mr. Trump’s decision was driven by fear that his tariffs gamble could quickly turn into a financial crisis. And unlike the two previous crashes of the past 20 years — the global financial crisis of 2008 and the pandemic of 2020 — this crisis would have been directly attributable to only one man. …
I don't think it was the stock market that changed the rhetoric out of the orange house, those drops were expected and baked in. It absolutely was the bond market that changed the tone. Overnight, Treasury yields were going up when you would expect them to go down. When money moves out of the stock market, typically it would move towards Treasuries, the safest investment on the planet, which in turn would reduce yields. But in fact, Treasury yields were going up which suggests that not only was money moving out of US stock, but it was also moving out of US Treasuries. In short, foreign capital fleeing the US. My understanding was that bond yields in Europe were dropping suggesting at least some capital was landing there.
Was there a state actor pulling the strings, or multiple state actors working together to send a message to Trump that they are not without weapons and neither Trump nor the US is invulnerable. That would not surprise me. To the degree it was somewhat coordinated, it presumably would need to be state actors in order to mobilize enough volume to make a difference.
Just my 2 cents.
Look for the Signal on Signal. Of course. lolWe all know this was a set up so his pretend friends could make some more money.
I just wish I had Signal so I could have known in time to buy.
Shopping at Walmart is gonna suck."Trump took the win." LOL. So many countries wanting to deal, yet none of them have been named, even by a WH notorious for naming names and saying anything that will get Dear Leader good publicity. He and those around him panicked and backed down, period. And if our tariffs on China start causing real pain to his base then he'll back off those as well while claiming victory, and right-wingers like this guy will claim the same. And his base will buy it hook, line, and sinker.
Has it ever NOT SUCKED?Shopping at Walmart is gonna suck.
Believe Japan was pulling out of treasuries.I don't think it was the stock market that changed the rhetoric out of the orange house, those drops were expected and baked in. It absolutely was the bond market that changed the tone. Overnight, Treasury yields were going up when you would expect them to go down. When money moves out of the stock market, typically it would move towards Treasuries, the safest investment on the planet, which in turn would reduce yields. But in fact, Treasury yields were going up which suggests that not only was money moving out of US stock, but it was also moving out of US Treasuries. In short, foreign capital fleeing the US. My understanding was that bond yields in Europe were dropping suggesting at least some capital was landing there.
Was there a state actor pulling the strings, or multiple state actors working together to send a message to Trump that they are not without weapons and neither Trump nor the US is invulnerable. That would not surprise me. To the degree it was somewhat coordinated, it presumably would need to be state actors in order to mobilize enough volume to make a difference.
Just my 2 cents.
We've already taken in a bazillion trillion in revenue from tariffs...don't be greedyWAIT!!!!!
What about winning? How are we gonna bring manufacturing jobs back now? Why is trump letting all these countries take advantage of us? Why did trump give up on trying to rebalance global trade? Why is he such a quitter? Now that trump has paused the tariffs, Canada can just keep shipping fentanyl over the border. How are we gonna pay for those text cuts for billionaires if we're not bringing in all these trillions from tariffs?
I am gonna be RICHWe've already taken in a bazillion trillion in revenue from tariffs...don't be greedy
Apparently no one in the WH can answer if Canada and Mexico have a 10%, 20%, 25% or 35% tariff at the moment.