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Pokebball

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Posts posted by Pokebball

  1. 1 hour ago, The Frankish Reich said:

    Or the inverse, which seems more on point here:

     

    Trumpists want to lower corporate taxes and substitute regressive consumer taxes in the form of tariffs.

     

    All economists except Peter Retarrdo have already told them, over and over again.

    corporate taxes are regressive consumer taxes

    • Thank you (+1) 2
  2. 5 hours ago, Joe Ferguson forever said:

    The problem with getting out is knowing when to get back in.  I think it was Buffet that said that.  Warren, not Jimmy.

    timing when to get in and out isn't a proven strategy for most. But Trump ran on changing the world economic order. Then Trump got elected. You shouldn't have been surprised. Another tip for you, if you have Pfizer, I'd sell it.

  3. 17 hours ago, All_Pro_Bills said:

    Agree or disagree with the tariffs, Trump clearly telegraphed his intentions and provided investors with enough lead time to act. So anybody licking their wounds from losing part of their 401/IRA had ample warning to adjust their investments by selling and parking the proceeds in cash to ride it out or by adding some downside insurance, to hedge, to mitigate the risk of loss. If they did nothing it's their own fault they lost money. That said, I expect nobody wants to hear that message.

    apparently, Joe didn't see it coming

  4. 5 minutes ago, Homelander said:

    One got invaded and agreed to a ceasefire. The other started the war and can’t seem to stop bombing schools like target practice.

     

     

    Both sides, sounds familiar.

     

    The funny thing is that both regimes are, and have been, corrupt and evil as hell. There has also been a civil war ongoing in the Dunbas region of Ukraine for over a decade, involving a pro russia side vs a pro independence side. Ukraine has been active the entire time, supporting the pro independence side. Bad shyt has been happening in the Dunbas region by both parties. Then there was a Russo - Ukrainian War which began in 2014.

     

    It's unfortunate that we can no longer have factual and historic discussions about the long conflict between the two without, today, being labeled as supporting Putin or Russia, simply by pointing out Ukraine's historical involvement.

     

    And of course outside of this conflict, Ukraine has historically been one of the most corrupt countries in the world during this same period.

     

    It's easy to not like either

    • Like (+1) 1
  5. 13 hours ago, Doc Brown said:

    Why the 25% tariffs then on Canada?

    Your question suggests that you think Trump wants to take Canada down. Do you really think that's his goal? That's fine, I guess. We'll disagree

    7 hours ago, Roundybout said:


    Okay, but you realize that China is less isolated than ever now?

     

    All we’ve done is harm our OWN trade with China. China will seek trade elsewhere with countries willing to do business. 
     

    Additionally, we’ve greatly harmed our relationships with our allies abroad, so they are much less likely to do business with us. Why would they? 

    First of all, I'm not defending what Trump is doing, but rather opining on what I believe his end game is.

     

    Why hasn't China already seeked trade with other countries?

  6. 1 minute ago, daz28 said:

    The alternative would be to have to believe that 75 countries all thought he was bluffing, and when they actually dropped, they panicked and called him.  Then in good faith, he paused them.  That didn't actually happen, and we all know it.  If he really had the upper hand, he would have held firm, and forced them to make a quicker deal.  This is extremely time sensitive.  They were dumping bonds like they were on fire.  

    the truth is probably somewhere in the middle

  7. 14 minutes ago, The Frankish Reich said:

    I think this is all Trump. Bessent, given his background, cannot be a true believer. Neither is Hassett. These are smart guys.

    Unfortunately Trump seems to trust Lutnick most, and he's smart but a total self-interested greedy jackass.

    I've been pretty impressed with Bessent. I think he's part of this decision

  8. 4 minutes ago, The Frankish Reich said:

    The difference here is that Biden stumbled and bumbled his way into runaway inflation. It appears that he actually didn't see (thanks to his economic/political team, mostly the political part) the inflation risk of pushing even more federal deficit spending.

    Trump is actively trying to disrupt the global economy, and is counseling patience through upcoming hard times. He deliberately is making this downturn happen.

    I agree with this too. I hope he and his economic team of experts are right!

  9. 12 minutes ago, The Frankish Reich said:

    from economist Tyler Cowen (marginalrevolution.com):

     

    This is perhaps the worst economic own goal I have seen in my lifetime. I cannot think of any credentialed economist colleague—Democrat, Republican, or independent—who would endorse it. And I haven’t even mentioned the risk that some foreign nations will retaliate against American exporters, damaging our economy all the more.

    You might think there is something to be said for a reciprocal approach to tariffs. Usually it consists of cutting off your nose to spite your face, but if it can sometimes work it requires a president (and Congress) who is predictable and trustworthy.

    That is not how foreign nations view the current administration.

     

     

    academic economists are the absolute worst

    • Like (+1) 1
  10. 6 minutes ago, 4th&long said:

     

    I didn't tell you to send money overseas. What the F are you talking about? 

     

    I suppose you call yourself a Christian but don't want to help people? 

     

    You don't want to help people? Yup you sound like a selfish trump supporter. 

     

    Let the rest of the world fall apart around us and how long till you think it has an affect on us? 

     

    America first. We already are first. 

     

    Honesty I want trump and his supporters to enact and do severing they want. You people are so selfish and stupid that it will be the end of you. 

     

     

    You're the guy telling me where I should send my money. That sounds selfish on your part, to me.

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