Trump​ ❤️ Tariffs

[starrymessenger]

4 hours ago, Roundybout said:

I mean yeah, Trump tapped out. He panicked and pulled his tariffs. 

The refreshing thing about President Trump is that he will back down or reverse course when he figures out that reality is in fact different than he would like it to be. I can't emphasize how important that is. Politicians are generally ruled by dogma and received notions. Typically they double down which usually only makes matters worse. He's a businessman who will back down when he sees that it's the only reasonable thing to do. 
I can understand why he likes tariffs. It's because he likes money. A lot. Slap a percentage, 10%, 30%., 145% on the notional amount of trade flows into the United States and you'll be rolling in so much money.that you'll be tired of winning. Thing is it doesn't quite work that way.

He's the Roger Clemons of politics. A big bad boy with a good heater. Thing is China is a big dog too, and a heavy hitter. To me they turned that tariff fastball around big time. I won't be surprised if the remaining 20% fentanyl related China tariff comes down in 90 days.

[Big Blitz]

4 hours ago, Roundybout said:

I mean yeah, Trump tapped out. He panicked and pulled his tariffs. 

 

No he didn’t.  There are tariffs on everyone.  
 

What was the number going to be?  Do you know?  
 

I know when I make deals with people I start with the position I have no intent of going lower on.   

 

[Joe Ferguson forever]

5 hours ago, All_Pro_Bills said:

Because MAGA are illiterate hillbillies and unwashed masses of trouble making insurrectionists that own no stocks they don't care about the S&P 500 and probably don't know what that is anyway.

I can’t tell if you’re being facetious but this is mostly true. General knowledge testing of the general population is depressing 

[Joe Ferguson forever]

58 minutes ago, Big Blitz said:

 

No he didn’t.  There are tariffs on everyone.  
 

What was the number going to be?  Do you know?  
 

I know when I make deals with people I start with the position I have no intent of going lower on.   

 

Thereby pi$$ing off and losing customers trust and business. 

[Roundybout]

1 hour ago, Big Blitz said:

 

No he didn’t.  There are tariffs on everyone.  
 

What was the number going to be?  Do you know?  
 

I know when I make deals with people I start with the position I have no intent of going lower on.   

 

If the economic outlook of a country IMPROVES when tariffs go away, what does that say about tariffs?

[Joe Ferguson forever]

The stable genius tariff consequences are just beginning

https://www.cnbc.com/2025/05/16/consumer-sentiment-may-inflation-expectations-tariffs.html

[JDHillFan]

42 minutes ago, Joe Ferguson forever said:

The stable genius tariff consequences are just beginning

https://www.cnbc.com/2025/05/16/consumer-sentiment-may-inflation-expectations-tariffs.html

But another good day* for the markets so you must be happy. You don’t have to piss and moan about your personal financial situation. I know that won’t stop you, but still. 

*50 minutes before close. Could still go to sh*t. 

[Doc Brown]

6 hours ago, leh-nerd skin-erd said:

Except there were substantial concerns about the potential for market corrections in the 10% range all throughout 2024, as there typically are after substantial increases.  So, in adding that to the mix, with fear and hysteria at a fever pitch, and players set to profit off turmoil, again, the resilience was impressive.  
 

I’m not that far off from retirement, but cooler heads typically prevail.  WW2. Vietnam. Watergate.  2008. Black Friday.  Historical trends.  I acknowledge Trumps actions impacted the markets.  To what degree and what that ultimately means cannot be measured in Fergie’s concerns about his pharmaceuticals over an 34 day period, or the a revisting of the Carter years.  What happened post Carter? What was the appropriate course of action thereafter?  Both rhetorical questions, of course. 

Do you mean Black Monday?  There's always concerns with market corrections and it's mostly pushed by people who want the stock market to drop so they can buy low.  Also, people who make their living selling gold or other metals benefit off of people's fears of the market tanking.  You obviously can't prove our 401k's would be higher if Trump didn't implement tariffs.  However, I do think his actions made a lot of people's pockets a lot lighter than it should be right now.

[sherpa]

24 minutes ago, Doc Brown said:

  You obviously can't prove our 401k's would be higher if Trump didn't implement tariffs.  However, I do think his actions made a lot of people's pockets a lot lighter than it should be right now.

 

And the demonstrated,  economic brilliance of Kamala Harris and whomever she chose, would have led us to financial nirvana.

[The Frankish Reich]

16 minutes ago, sherpa said:

 

And the demonstrated,  economic brilliance of Kamala Harris and whomever she chose, would have led us to financial nirvana.

Sherpa, as a former military man you are surely familiar with Kurt von Hammerstein's classification of officers.

 

 

As von Hammerstein stated, Quadrant 4 is the dangerous one. I'll even take Quadrant 3 over that one.

[ComradeKayAdams]

On 5/15/2025 at 3:48 PM, Roundybout said:

Clinton did it through Congress and created a surplus. 
 

Trump’s budget increases the defect by $4 trillion

 

MAGA’s aren’t even thinking about the national debt whenever we’re in Trump Economy Stage “B.” Allow me to elucidate…

 

Trump Economy Stage “A” = Tariffs go up, economy becomes anxious. Insists MAGA: “The manufacturing jobs are coming back! Tariffs will pay off most of the debt! Will we even need an income tax??”

 

Trump Economy Stage “B” = Tariffs go down, economy stabilizes. Better trade deals to benefit Trump’s donors and friends. Exclaims MAGA: “Art of the deal, baby! Woo-hoo!”

 

We generally oscillate between the two stages. I believe there’s a funny internet meme about this. Whoever is successfully riding these buy low/sell high waves is making a lot of money. The rollercoaster fun will eventually end, however, when international supply shocks kick in and stagflation features emerge.

[sherpa]

2 minutes ago, The Frankish Reich said:

Sherpa, as a former military man you are surely familiar with Kurt von Hammerstein's classification of officers.

 

 

 

Nope.

Never seen it, and not my experience.

[The Frankish Reich]

Just now, sherpa said:

 

Nope.

Never seen it, and not my experience.

"I distinguish four types. There are clever, hardworking, stupid, and lazy officers. Usually two characteristics are combined. Some are clever and hardworking; their place is the General Staff. The next ones are stupid and lazy; they make up 90 percent of every army and are suited to routine duties. Anyone who is both clever and lazy is qualified for the highest leadership duties, because he possesses the mental clarity and strength of nerve necessary for difficult decisions. One must beware of anyone who is both stupid and hardworking; he must not be entrusted with any responsibility because he will always only cause damage."

 

I view Kamala as the stupid/lazy type. Not the worst because she would keep out of her own way and let people who know what they're doing run things.

Trump? Stupid and hyperactive. Constantly floating new (90% stupid) ideas, whether it's "I know more about viruses than anyone and why not inject bleach" to "I love tariffs." And that's why he's the worst possible President. Dumb and doesn't know it.

[Motorin']

2 hours ago, Joe Ferguson forever said:

The stable genius tariff consequences are just beginning

https://www.cnbc.com/2025/05/16/consumer-sentiment-may-inflation-expectations-tariffs.html

 

Liar liar pants on fire 

 

"The majority of the survey was completed before the U.S. and China announced a 90-day pause on most tariffs between the two countries"

[Joe Ferguson forever]

47 minutes ago, sherpa said:

 

And the demonstrated,  economic brilliance of Kamala Harris and whomever she chose, would have led us to financial nirvana.

Yup. Staying the course would have been better. Now much of the world distrusts or hates us, thousands of civil servants are unemployed. Tens of thousands to millions of mostly MAGAs will soon have no health insurance and $4 trillion will be added to the deficit. Oh yeah, and goods from Walmart and Amazon will soon be more expensive. 
 

I’ll take Kamala’s relatively conservative approach every time

Edited 6 hours ago by Joe Ferguson forever

[JDHillFan]

4 minutes ago, The Frankish Reich said:

Not the worst because she would keep out of her own way and let people who know what they're doing run things.

Chigoose would have described this as wish casting. Staffers have bailed on her left and right in her career. Is that because she gets out of the way and lets them do their thing? 

[Joe Ferguson forever]

2 minutes ago, Motorin' said:

 

Liar liar pants on fire 

 

"The majority of the survey was completed before the U.S. and China announced a 90-day pause on most tariffs between the two countries"

And?  3/4 of surveyed spontaneously mentioned tariffs as a source of concern. Do you think it’s good to raise national anxiety and lower consumer sentiment to record levels with any policy decision?

[Motorin']

Just now, Joe Ferguson forever said:

And?  3/4 of surveyed spontaneously mentioned tariffs as a source of concern. Do you think it’s good to raise national anxiety and lower consumer sentiment to record levels with any policy decision?

 

[sherpa]

3 minutes ago, The Frankish Reich said:

"I distinguish four types. There are clever, hardworking, stupid, and lazy officers. Usually two characteristics are combined. Some are clever and hardworking; their place is the General Staff. The next ones are stupid and lazy; they make up 90 percent of every army and are suited to routine duties. Anyone who is both clever and lazy is qualified for the highest leadership duties, because he possesses the mental clarity and strength of nerve necessary for difficult decisions. One must beware of anyone who is both stupid and hardworking; he must not be entrusted with any responsibility because he will always only cause damage."

 

I view Kamala as the stupid/lazy type. Not the worst because she would keep out of her own way and let people who know what they're doing run things.

Trump? Stupid and hyperactive. Constantly floating new (90% stupid) ideas, whether it's "I know more about viruses than anyone and why not inject bleach" to "I love tariffs." And that's why he's the worst possible President. Dumb and doesn't know it.

 

I am not interested in you reference enough to read it closely, but my experience, with Naval Officers/Aviators  over years and years, is that they were the finest people I ever worked with, and are to this day, which includes scores of reunions with people of honorable accomplishments.

If your missive is insulting to those people, it is off target, by magnitudes.

 

[The Frankish Reich]

5 minutes ago, JDHillFan said:

Chigoose would have described this as wish casting. Staffers have bailed on her left and right in her career. Is that because she gets out of the way and lets them do their thing? 

Her office personality may grate. But she seems aware that she isn't any kind of policy wonk and likely would enjoy all the pomp and circumstance with little policy input. That's her life.

3 minutes ago, sherpa said:

 

I am not interested in you reference enough to read it closely, but my experience, with Naval Officers/Aviators  over years and years, is that they were the finest people I ever worked with, and are to this day, which includes scores of reunions with people of honorable accomplishments.

If your missive is insulting to those people, it is off target, by magnitudes.

 

No, not at all. I think you're missing the point.