The trade and economy mega-thread (5 Viewers)

[superchuck500]

Is there a trade deal with China? Is it really a deal or just a pull-back to status quo ante? Is Trump advancing US interests in this well-executed trade battle plan or was this poorly conceived from the start . . . and harmful?

I think the jury's still out, but I haven't seen that the Chinese are offering much in compromise - and it's not even clear if there's going to be an agreement. But it's clear they are working on something and I'm sure Trump will sell it as the greatest trade deal ever. The proof will be in the details.

 

[UriUT]

They can't even own this when Trump clearly says so. "He's allowed to have an opinon."

 

[UriUT]

And while we're at it, we can have Foxcomm build worker housing lined up full of bunk beds. We'll work 12 hours shifts. It's the master plan! And automated!!!! Jobs right? And get this...we're at full employment right now!!!

 

[UriUT]

This worth a listen from an economist.

The part about stability vs chaos is important. Whoever owns their own business would agree with this. Who would you rather hire? A worker who is there 99% of the time but is 80% efficient/good at their job vs a person who may or not be there, but is 99% efficient. Or even suppliers. Someone cheap but you may or may not get a product next month.

 

[UriUT]

This is the same guest on Jon Stewart! And he doesn't understand comparative advantage?? Maga are really full of idiots if he is suppose to be a part of their intellectual core.

 

[zztop]

This worth a listen from an economist.

The part about stability vs chaos is important. Whoever owns their own business would agree with this. Who would you rather hire? A worker who is there 99% of the time but is 80% efficient/good at their job vs a person who may or not be there, but is 99% efficient. Or even suppliers. Someone cheap but you may or may not get a product next month.

Reminds me of that saying "you can have good, fast, or cheap, but can only pick two"

 

[superchuck500]

Trump Has Already Botched His Own Bad Tariff Plan

Once you’ve said you might negotiate, nobody is going to believe you when you change your mind and say you’ll never negotiate.

www.theatlantic.com

These people are idiots

 

[MT15]

They can't even own this when Trump clearly says so. "He's allowed to have an opinon."

They didn’t ask about his opinion on tariffs for crying out loud, they asked if Trump had tanked the market on purpose as part of his strategy, as he hinted he did. Did Stephanopoulos let that go? Or did he follow up?

 

[MT15]

Good thing the people in charge aren’t hopelessly out of touch with the common man….

 

[efil4]

Good thing the people in charge aren’t hopelessly out of touch with the common man….

He was a fund manager for Soros for over 15 years. Taught economic history at Yale for years.

This is how far gone these people are in this administration. They have thrown everything they have learned, been taught and knowledge acquired over decades out the window, to serve a king.

We are headed down a path we never traveled. ( in my lifetime ).

 

[Neworleansfan]

Premarket. If this doesn’t turn around, it’s going to be a bad Monday. SMH

 

[efil4]

Premarket. If this doesn’t turn around, it’s going to be a bad Monday. SMH

Black Monday incoming. My goodness this is about to get so bad.

 

[Neworleansfan]

Black Monday incoming. My goodness this is about to get so bad.

Yup, there are whispers about Black Monday earlier when cryptos tanking.

 

[efil4]

Yup, there are whispers about Black Monday earlier when cryptos tanking.

Again the issue is no one knows when this foolishness ends. The market is operating under 100% uncertainty. It's nitrous fuel in reverse.

Bottom seems really far off at this point. I figure another 10-15% drop and we see support but that's simply a guess.

 

[Neworleansfan]

 

[efil4]

That JD Vance will never get old

Ever

 

[efil4]

Bill Ackman is going off on X

 

[Poison]

I’m invested in an Australian-based Vanguard ETF with about 35% allocation to US stocks and similar percentage of Australian stocks. It is down about 7% in the 90 minutes since the markets opened at 9am this morning. The Australian Stock Exchange is down about 6% across the board and still in freefall. If this is a sign of things to come, tomorrow is going to be a bloodbath on Wall Street.

 

[efil4]

I’m invested in an Australian-based Vanguard ETF with about 35% allocation to US stocks and similar percentage of Australian stocks. It is down about 7% in the 90 minutes since the markets opened at 9am this morning. The Australian Stock Exchange is down about 6% across the board and still in freefall. If this is a sign of things to come, tomorrow is going to be a bloodbath on Wall Street.

I was hoping international markets would be calmer and provide US markets some signs of stability.

Hope is gone. Nikkei halted trading after hitting losses that enacted circuit breaker.


I expect more news like this from Euro markets in next few hrs. Which simply adds more fear fuel.