Joe Ferguson forever

fox news has stopped running the ticker on its banner. fair and balanced.

Actually not the arguments made by posters here or by their favorite shite bloggers. but if you listened to Navarro Thursday, you'd be a bigger loser. https://finance.yahoo.com/news/the-many-ways-trump-world-is-explaining-the-markets-tariff-tantrum-115549905.html Some have suggested that the transitory effects are already receding, with Navarro noting Thursday afternoon on CNBC that he used to commentate on market moves and temporarily putting back on his pundit hat to say that technicians are suggesting "we are at or near bottom; they're probably right." But stocks fell even more sharply on Friday as comments like those from Powell increasingly made clear Trump's planned tariffs are exceeding expectations. Their economic effects, Powell said, "will include higher inflation and slower growth." Other economic observers have worried that the economy is dangerously close to a recession after the bigger-than-expected tariff rollout of recent days. "Hang tough," President Trump shot back on Friday. "We can't lose." It'd be funny were it not so terrible.

maybe you and blitz can buy a house together. then you can discuss economic theories at the kitchen table...

The last 4 years were much better than the last 2 months

I was thinking more about a more lethal vaccine preventable disease…

There have been conmen like trump throughout the ages. What has changed is the number of idiots that are easily fooled. How do you fix that?

so how did trump calculate those tariff numbers imposed by other countries on the graph that magas just blindly accepted? https://taxfoundation.org/blog/trump-reciprocal-tariffs-calculations/ this is from a fiercely libertarian site the a friend frequents. he generally supported trump before the tariffs. First, the formula. The alleged “tariff rate” from each trading partner is fully a function of trade aggregates, specifically, the deficit divided by US imports, with a minimum of 10 percent. No factors discussed by the administration in these documents or anywhere else (like tariffs, digital services taxes, value-added taxes, or monetary policy) play any role. For example, Singapore is a relatively free-trade-oriented country, while Brazil makes considerably more use of tariffs and other trade manipulations. However, both end up with the 10 percent rate because of their goods trade balances with the US. By contrast, Vietnam, which exports a great deal to the US but has also worked to make its policies amenable to the US, gets no credit for the effort. The US response is generally half the alleged rate from other countries, though in some cases it appears to round up an extra percentage point beyond a simple halving.

did admitting that you aren't able to move help you? catharsis?

when did mortgage rates double. last few years look historically ok to me https://themortgagereports.com/61853/30-year-mortgage-rates-chart#historical

for once, I fully agree with Ted Cruz https://www.wsj.com/livecoverage/stock-market-tariffs-trade-war-04-04-2025/card/ted-cruz-sees-risk-of-political-bloodbath-if-trump-s-trade-gambit-fails-0NlUK4uBrYg9KLEC3jtH

trump and his minions aint gonna fix this for you.

Who is responsible for the rise in the real estate market? pray tell. I'm surmising that you want the prices to decrease so you can move. Even if ruins the global economy. You think a market collapse alleviates the concern for an American economic meltdown? Nope. it increases the risk of a GLOBAL economic meltdown that will include the US. The economy is GLOBAL as much as you dummies want to pretend it isn't. how bout if very few have the money to buy? Demand shrinks and supply increase, prices drop. but the route there is awful. Blitz is probably OK with it. Perspective...

I'm only slightly less candid in real life. Politics aren't my thing. But thanks. Canada is a wonderful place. Respect.

Sad but true. I just wish they were honest. This isn't about freedom and covid and wokeism or transexuals. This is a class war. While I find the distribution wrong, I don't despise those with more. whether they admit it or not, most of them do. And what do they do in response? Elect a lying, crooked, cheating billionaire that wouldn't want any of them within 1000 yards of any of his golf courses while he continues grifting. Stupidity is destroying this nation. Is Canada taking new citizens?

Treasury Secretary Scott Bessent tells Tucker Carlson - The top 10% of Americans own 88% of equities, 88% of the stock market - The next 40% owns 12% of the stock market - The bottom 50% has debt -Summer of 2024 more Americans were using food banks than they ever have in history Blitz, are you a socialist? Do you think wiping wealth from the top will enrich you? Nope. It's just gone, at least for now. No winners. But it's just so ironic that MAGAs were calling liberals "socialists" and are now complaining about the distribution of wealth. you want that changed, you should have voted for Bernie like I did.

I'm going to my local edition of the nation protest march tomorrow. I'm told "respect the constitution" will get the magas driving by riled up. opinions?

the point is to make America appear greater by comparing it to poor countries and by dominating them. Sort of like comparing you or me or Frank to BillsfanNC...

uh huh. against China. An adversary. Not against Canada, the EU, Mexico and the rest of our allies. See the difference?

https://ycharts.com/indicators/10_year_treasury_rate April 2024 was the sweet spot for safe returns. and the rate went deep into the 3's under Biden. But many magas are arguing that a low T bill rate is great for the budget in that interest payments are decreased. So which do you personally prefer? high or low rates? no. The exit polling showed the majority of his voters don't care about the market. You are an outlier.

I wondered how long it would take real conservatives to become militant against these tariffs. turns out, not long. magas are not conservatives https://www.vox.com/scotus/407196/supreme-court-trump-tariffs-emily-ley-paper Similarly, the best legal argument against Trump’s tariffs is rooted in the Court’s major questions doctrine, which holds that judges should cast a skeptical eye on executive branch actions “of vast ‘economic and political significance’” According to the Budget Lab at Yale, the tariffs are expected to reduce the average American household’s real annual income by nearly $3,800. That seems like a matter of vast economic and political significance.

once prices go up (which will happen soon) and his base begin revolting, his ego may force a change. He thrives on popularity. we can hope anyway.

i would love to see the market gain all of the 10 trillion it lost and add another 10 trillion. but I have no faith in him, lutnick, besset and especially navarro. these are business people who are pretending to be global economic policy experts. they're not. even if the market recovers quickly by other countries capitulating, this was a radical, harmful plan with many serious long term consequences. any "crash" during the biden admin was spit in the ocean compared to this. btw, Jan and Feb job numbers were both revised downward. we'll see about march...

because the vast majority of his readers have little to lose monetarily. and because believing what this fool writes is stupid. reposting it even more stupid...

I watch white lotus. It’s like a car crash and I can identify some of the characters in real life. Haven’t seen the Piitt. We are watching the Good Karma Hospital which is entertaining but totally unrealistic. Best thing I’ve seen recently is “Flow” which is the Oscar winning animated film. No humans and no dialogue and yet amazing and thought provoking.

CNBC is getting very dark https://www.mediaite.com/news/cnbcs-jim-cramer-throws-around-c-word-as-trump-stock-crisis-deepens-says-slide-is-headed-for-crash/ Cramer told co-host Carl Quintanilla that “if you wanted to make the market crash, I think you would go with this game plan”: Faux news doesn’t want the few viewers with portfolios to see how bad the market is. Disgraceful for a so called balanced news company https://www.tvinsider.com/1184858/fox-news-criticized-after-stock-ticker-removed-trump-tariff/