The trade and economy mega-thread (8 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.

 

[DJ1BigTymer]

Damn, he has finally made a point I can agree with!!!

 

[Optimus Prime]

Replace smoking with tariffs and it sounds like it's basically this (other than the media will not be taking the dollar back)

 

[Optimus Prime]

Genuine question: What is it that these clown cultists believe Trump "won" with all of this nonsense?

 

[DJ1BigTymer]

What about all those manufacturing jobs that were supposed to come back because of these tariffs? Is that not a thing anymore?

 

[MT15]

Not as funny as Rock, but also on point:

 

[efil4]

Not as funny as Rock, but also on point:

Similar one I saw

We set the house on fire to cook a pizza. Now we have a burnt pizza, half a house and a small fire still burns in corner of living room

Lol

 

[MT15]

This one made me smile. Wryly, but still

 

[MT15]

Bill Ackman, stooge extraordinaire. (I love Brooke, whoever she is)

 

[MT15]

 

[MT15]

Schiff thinks it may be market manipulation.

 

[MT15]

 

[TampaJoe]

Schiff thinks it may be market manipulation.

That is truly rich coming from someone in Congress. There is more insider trading and profitering there han anywhere on earth. I am all for laws to limit all this. Maybe Adam and Nancy can work together to draft legislation.

 

[superchuck500]

That is truly rich coming from someone in Congress. There is more insider trading and profitering there han anywhere on earth. I am all for laws to limit all this. Maybe Adam and Nancy can work together to draft legislation.

Come on, this is silly. Yes, members of Congress trading on non-public information obtained in the course of their work is a problem and should be strictly controlled. But members of Congress don't move markets or cause the price behavior that they (allegedly) profit from - and they certainly don't singlehandedly move the entire structure of the world's financial markets on nothing more than whim.

It's obvious to Trump now and everyone around him that these tariff announcements literally cause wild market swings - and could easily be manufactured into highly profitable, intentional volatility. Do you doubt that is true based market behavior in the past weeks? So if it is true, it's clearly a massive problem if these events are being shared or communicated in a way that allows certain people to reap huge profits from that knowledge, I think you would agree.

So if it's "rich" for Congress to call for it to be investigated, who should be the one calling for it to be investigated? Because clearly it should be. The SEC (lol)?

 

[Optimus Prime]

That is truly rich coming from someone in Congress. There is more insider trading and profitering there han anywhere on earth. I am all for laws to limit all this. Maybe Adam and Nancy can work together to draft legislation.

Both sides!

 

[TampaJoe]

Both sides!

Truth hurts.

 

[DJ1BigTymer]

Both sides!

It's not worth it.

 

[MT15]

Come on, this is silly. Yes, members of Congress trading on non-public information obtained in the course of their work is a problem and should be strictly controlled. But members of Congress don't move markets or cause the price behavior that they (allegedly) profit from - and they certainly don't singlehandedly move the entire structure of the world's financial markets on nothing more than whim.

It's obvious to Trump now and everyone around him that these tariff announcements literally cause wild market swings - and could easily be manufactured into highly profitable, intentional volatility. Do you doubt that is true based market behavior in the past weeks? So if it is true, it's clearly a massive problem if these events are being shared or communicated in a way that allows certain people to reap huge profits from that knowledge, I think you would agree.

So if it's "rich" for Congress to call for it to be investigated, who should be the one calling for it to be investigated? Because clearly it should be. The SEC (lol)?

Even as a child, I was told in no uncertain terms that the excuse “but everybody is doing it” won’t fly. In fact, it just made my parents mad if I whined about stuff like that.

Somebody else breaking the law is zero excuse for breaking the law. And if you break the law, you should be punished period.

That grown men sit here and make excuses for Trump like this is just pathetic.

 

[Optimus Prime]

White House insists iPhones will be US-made – but Apple calls it a non-starter

Experts doubt Trump line that tariffs and company’s $500bn investment will shift manufacturing from Asia

www.theguardian.com