Oh, please.
Fear mongering
- Thread starter NorthernHawkeye
- Start date
Come on....you can't be serious.
Look at all the books coming out now, even from those who are on the left (including some in their media) FINALLY admitting what ALL OF US knew...but you all denied and lied about......Biden was brain dead.
And to make it worse, the Dems and their media tried to lie him into a second term. You know, the whole "FU if you don't believe he is at the top of his game!" Good grief, that trumps (pun intended) anything that has happened so far since the election., and it's not even close.
Thanks Jerome. The prayers worked. I had a GREAT day!!!
PP's not prayers. Praying for the stock market to go up would be gauche.
I am a prayerful guy, so yes.......the prayers did work. Now, an athiest might say praying for good news might be gauche, but I am not an athiest.
I was raised to know your ways, and have lived under your rules. The Big Boss will not be pleased if you trifle with his affection over such trivial matters as Earthy wealth.
You are a moron. The market rallied back because Trump caved on the worldwide tariffs. Exactly what I said earlier. You can get away with attacking China, not everyone else. Plus, a recession is still very possible.
Even if all of that is true, Biden's administration accomplished more than Trump's first. Denying that is being nothing but purely partisan.
Tell me that in a month when prices at Walmart have doubled due to Trump and his fiddle.
Under Biden, the price of gas went up, the cost of groceries like cereal, eggs and bread doubled. We left billions of dollars in the deserts of Afghanistan, flushed billions more in the Ukraine in a war they can never win and spent millions more on worthless DEI programs around the world. Billions more waste will be cut from bloated Federal Programs. Both parties have blathered on about cutting waste in the past. Now someone is actually trying to do just that and what do Libs do? Burn Teslas and protest the cuts and offer no other solutions.
And NOW libs are concerned about prices going up. Hilarious.
At the very least, the border is closed, Trump is at least trying to control the deficit, perverts are not invading our little girl's bathrooms and those same perverts will not be allowed to beat the hell out of our women in athletic contests. Whatever you think of Trump, he is at least doing what the majority of the people in our country elected him to do.
Wreck the world economy? Who knew?
Libs have always been concerned with prices going up. The key difference is they don't blame it all on Biden. You know, the inflation that started in 2020 and ran through 2022? That inflation? Inflation goes from 9.1% to 2.4% under Biden and the MAGAs are losing their mind and blaming it all on him. Inflation goes up to 3% under Trump (first few months), then drops to 2.9% and they celebrate. "He's doin it!!! Just like he said he would!"
Trying to control the deficit? LOL let's see the actual numbers. Same with the government efficiency. Let's see the details and bottom line savings.
You at least feel safe from the strawmen/bogeymen that keep you up at night. Perverts invading little girls' bathrooms etc....
Fear mongering is powerful stuff!
Brother, I was just having fun. I don't want to see you debasing your religious beliefs to best me in this chat.
It's not worth all that.
Well, you have proven yourself to be like every other extreme leftist on this board by simply dropping down to name calling. The man goated China into making a stupid move, then early yesterday morning he even gave a hint that he was thrilled by what it caused them to do by posting that it was a GREAT time to buy. Then, he started the negotiations with all the counries who did not retailiate and paused the tariffs.
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So, you are just fine with the status quo on China? Wow.
Look, I am not saying I want things to go crazy for prices at Wal mart, but I am thrilled that someone has got to gumption to try and finally reign them in. Your view of just letting them continue to dominate the world export markets and do nothing is disastrous in the end.
Dude, I won't debase my religious beliefs with a little good natured fun.
Have a great day.
People that believe, and put their faith in Trump, are funny to me. They will never learn.
Rein them in? American companies, including the makers of all the MAGA paraphernalia, shipped their manufacturing to China willingly to increase profits. No one forced them to relocate. China has certainly benefitted from those decisions but to place the blame solely on them is misguided.
Its not name calling its a description, and if it describes the situation its accurate. To be fair you started the "name-calling" when you called me a liar. The issue is, I was never a liar, you just misinterpreted what I said - so the issue was on you.
moron-a person of low intelligence.
So yesterday you cheered on Trump who reversed course on Tariffs and then stated he goated China. You do realize what caused the White House to reverse course on tariffs? Its what I said yesterdays and what has came out today, it was the bond market going up. This whole gambit was to bring down interest rates. The only way to fight a tariff attack is to debase your currency and in this case sell American bonds and dollars, thats what China was doing. The interest rate popped significantly. We were very close to things breaking in the economy, we still have that chance. So China's moves is what caused Trump to fold on the global tariffs. The Nasdaq is still down plus 15%, real GDP is still anticipated to contract. Confidence has been cracked even if you had a strong short squeeze due to overly negative positioning (another thing I mentioned earlier). The US may have a better economic position in a battle with China (and on an ethical level as well) - China though tends to look at the long game, make more calculated decisions that Trump who is more emotional - and can likely wait this out. As the goods come over and start rising in price, what are the consumers going to do. Trump has already shown he is willing to cave once, what do you think the next outcome will be, my guess is caving again.
So yes I do think you are an individual of low intelligence when you cheer a 12% rebound in the Nasdaq after a nearly a 30% drop. When the economy is still on pace to retract - that he was given a well balance economy that was on pace to do 2% GDP growth. That has sent a US citizen to a prison camp in South America. If you can truly say Trumps move was an intelligent gambit - which you are alluding to and continue to act like he is controlling the strings, I would love to hear it. Until then you can understand why I think you are of low intelligence. The real question is was that the bottom, or just a strong bear rally? As of now I am leaning towards bear rally, even still I remain invested in the market.
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Look at the trade deficit and why it exist. If you can't understand how China has screwed (not just the US), but the whole world...then there is no convincing you. And yes, American companies are to blame as well. Thus why Trump is finally doing something about it. Bring your plants and jobs back here.
Ok, off to a meeting. Have a great day.
Hawkman, a 12% short squeeze due to wrong positioning, shows more that people got caught offside not that they want to buy, they were forced to buy. Hence why the Nasdaq is down just short of 4% today.
I never saw that you had apologized, only that you had recognized that you had read it wrong. The issue is you stood by your comment 3 times.
You have some knowledge, so maybe not a moron, but then I really question how you can continue to cheerlead this. You want to say 2% is marginal, but you have to admit the 1st and 2nd quarters will print negative GDP's. So if 2% isn't good enough for you how is negative better. Trumps gambit has destroyed the international trust in the US. International travel has dropped precipitously (this won't come back quickly). International businesses have seen their sales drop dramatically, again I don't see international perception quickly changing. The China tariff war is still a massive issue that will affect consumers and the economy. If you think its worth it for long term growth we will see, but bullying another country doesn't always work for long term goals.
All I can tell you is, what he is doing is not going to improve growth in the near or mid term. It will be piecemeal deals that are never truly fulfilled while destroying confidence and the International markets willingness to purchase US goods, services and come to the US and vacation.
I never saw that you had apologized, only that you had recognized that you had read it wrong. The issue is you stood by your comment 3 times.
You have some knowledge, so maybe not a moron, but then I really question how you can continue to cheerlead this. You want to say 2% is marginal, but you have to admit the 1st and 2nd quarters will print negative GDP's. So if 2% isn't good enough for you how is negative better. Trumps gambit has destroyed the international trust in the US. International travel has dropped precipitously (this won't come back quickly). International businesses have seen their sales drop dramatically, again I don't see international perception quickly changing. The China tariff war is still a massive issue that will affect consumers and the economy. If you think its worth it for long term growth we will see, but bullying another country doesn't always work for long term goals.
All I can tell you is, what he is doing is not going to improve growth in the near or mid term. It will be piecemeal deals that are never truly fulfilled while destroying confidence and the International markets willingness to purchase US goods, services and come to the US and vacation.
That is much easier said than done. All of the reasons american manufacturing moved overseas are still in existence today. Unless, you are willing to accept massive inflation, all of the manufacturing, we'll stay tuned where the companies can maximize their profits.
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If the trade imbalance with China is 5x, and the tariff rate is the same, the hit to our economy is 5x higher. China is laughing, and did not make a stupid move. We are 12% of their exports so it's unlikely it even hurts them badly if we throttle trinkets from China while still having to buy what we can't source elsewhere, but still need.
Nasdaq down 4.5% today so far, back down to 16,300. 26% down, still well in a bear market.
What the hell is going on today? Europe also puts a 90 day pause on tariffs inflation numbers were low, yet as of the typing of this post, the S&P is down 5.24%. Yesterday's bounce was euphoria fueled and went beyond what was justified in the numbers?
The President of the United States of America used a social media platform that is named after him to influence trade. That's what happened.
I hope people with 401k accounts who reallocated to buy into/out of the market understand whatever restrictions there might be on reallocating back to the fund they were just in. For example, if you had VFIAX, a Vanguard fund modeling the S&P 500, and reallocated to the wealth preservation fund (basically a money market), it was my experience you had to wait 30 days before getting back into VFIAX. Not sure if it works that way in reverse, with the wealth preservation funds. Anyway, the point is that one might have attempted to seize a moment, and seized it, but then subsequently lost flexibility to do what they want to do for a period of time.
It really didn't change anything, lots of tariffs and issues out there. Yes as stated we had short fueled rally when a bunch of people were offsides when the announcement came. Even still, we keep going lower, and my stock is having higher lows. That is a very good sign long term. There is some compression occurring. Up 24% yesterday, Down 6.8% today. Still a mess out there. I still want to be in something that isn't the dollar.
Do you think countries like India might step up to replace China for some of that supply chain?
Bunson, I am one of those people who never felt forced to buy during this downturn, but was ready to get in low. I have done this my entire life with respect to investing. Now again, I know that I am in a different position the many people who are older, retired and bank on their investments to live right now. The crazy thing is, I, like a lot of people, knew Trump was going to do this. He ran on going after (China for apecifically) but trade imbalances in general. He spoke about it all the time.
I did thank you for pointing out that I missread what you posted. If you need more, then I am very sorry that I claimed you posted something you did not. I am not saying I want to see two quarters of negative GDP. But, when we had that under Biden, the narrative all of the sudden changed to, "well, that doesn't mean we are in a recession.". I don't think in any way we are bullying China. They have bullied the rest of the world to their advantage for years. Here is the thing, go back Trumps first term and you will here the same Dems in congress (schumer is one of them) railing on Trump as being soft on China with respect to trade. Now, he finally is drawing a line in the sand and they have flip flopped. I am not saying I can see into the future and that is is going to work. It could end up as one of the worst moves ever made. I am just praying that China finally comes to the table and works this out. I still think they need us more then we need them. Problem is, they care less about their people then we do.
Thanks for the good discusions.....
I think you have it reversed. China can't hurt near as much with their tariffs as they don't by near as much from us as we do from them. Take a look at the state of their economy today...it is in big trouble. I am hoping that we can turn to counties like India for some of the cheap crap we buy from China. I said this earlier, the big problem I see is that even if China's people are pissed and suffering (which they already are), their leadership won't listen as they could not care less about their population.
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Yes, this has been happening over the past 6-8 years and is now accelerating,.. As China's working class acquires wealth that country loses the ability to be the automatic low cost provider,.. Places like Mexico, Vietnam, and Indonesia are benefiting.
If Trump says a number we pay it as the good enters the country. If China say a number they pay it as the good enters the country. Both are multiplied by volume of trade. So if the tariff is similar then the 5x more volume coming to our country is the difference in total price. We pay 5x more everyday during this battle. It's simple math...we aren't winning fiscally during the short term. It's an assumption their people have more of an issue at that level than our people do.
And you appear to be making the assumption that trade volumes remain unchanged,... Water doesn't flow up hill,.. Buyers will shop around or won't buy at all...
I'd venture to say that we don't "have to" buy at least 90% of what China currently sends here... And they send us 3 times as much as we send them.
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