Wall Street needs to get a grip about Trump’s tariffs

[Mac1958]

You know who our last businessman president was?

Herbert Hoover.

How'd that work out for America?

https://study.com/learn/lesson/hooverville-great-depression.html

Obviously neither Trump nor his flock have any idea what kind of chaos this horseshit is causing American companies who need to budget, schedule and plan as part of their daily activities. Or the chaos it's causing in-process orders. Forecasting. Inventory management. Capital expenditure planning.

No fucking idea whatsoever.

I'm used to the arrogant ignorance of these people, but this is hurting American business, and they don't give a shit. They're making light of it. "Get a grip". Holy crap.

"Great businessman". What a crock of shit.

 

[kyzr]

Obviously neither Trump nor his flock have any idea what kind of chaos this horseshit is causing American companies who need to budget, schedule and plan as part of their daily activities. Or the chaos it's causing in-process orders. Forecasting. Inventory management. Capital expenditure planning. No fucking idea whatsoever.
I'm used to the arrogant ignorance of these people, but this is hurting American business, and they don't give a shit. They're making light of it. "Get a grip". Holy crap. "Great businessman". What a crock of shit.

1. As far back as 2005 Chuck Schumer was calling for fair tariffs, especially regarding China's cheating the system.

2. Trump sees that there is no more road to kick the can down. The $37T needs to be financed and the bond market is seeing that congress has no plan to balance the budget. Another downgrade and the dollar may collapse.

3. The pause and a 10% tariff should not be difficult to manage. Stop whining.

4. China wants a trade war? Okay, lets see how that plays out.

 

[g5000]

1. As far back as 2005 Chuck Schumer was calling for fair tariffs, especially regarding China's cheating the system.

Like I have been saying for years, protectionism is a far left policy.

TA-DAAAAAA!

Trump is a far leftist. He always has been, and I warned all of you in 2016 he would take you to the far left.

And he has in so many ways.

2. Trump sees that there is no more road to kick the can down. The $37T needs to be financed and the bond market is seeing that congress has no plan to balance the budget. Another downgrade and the dollar may collapse.

Like I said above, MAGAs blame external entities to explain why they suck.

China has fuck-all to do with our debt, and tariffs won't even come close to financing the debt. Get yourself a fucking calculator. But I must warn you,, it will probably come from China and will cost you more than twice as much as it did a couple weeks ago.

3. The pause and a 10% tariff should not be difficult to manage. Stop whining.

Um...retard? Trump's tariff on most countries is more than 10%. On China, it is over 100%.

Guess where we buy most of our stuff from.

Stop whining?

Start THINKING.

4. China wants a trade war? Okay, lets see how that plays out.

As I said elsewhere today, President Xi can outwait Trump. Easily. He's a communist dictator and whatever pain his people feel doesn't bother him one bit.

Xi is a child of the Cultural Revolution. Hardship doesn't phase him.

 

[meaner gene]

4. China wants a trade war? Okay, lets see how that plays out.

Our economy is on the brink.
A trade war will likely play our like the banks and fund managers are seeing on the horizon.

Recession

Which Trump thinks is O.K., as long as it's not a depression.

 

[g5000]

About

The $37T needs to be financed and the bond market is seeing that congress has no plan to balance the budget. Another downgrade and the dollar may collapse.

The dollar already is collapsing because of Trump's far left tariff war.

As for financing the debt, Xi is sitting on close to $800 billion of US debt. He hasn't even pulled out the big guns yet.

Xi has only to sell just a few billion dollars of that debt and the interest rates on Treasuries will skyrocket. Those same Treasuries the US has to sell to finance our borrowing.

In fact, this selling of US debt has already been happening and is why Trump put a 90 day hold on his tariffs. Some of that selling originated in Asia.

Xi just shot across Trump's bow.

Some people with brain cells sat the toddler-in-chief down and explained to him what a colossal fuckup he is.

 

[kyzr]

Like I have been saying for years, protectionism is a far left policy. TA-DAAAAAA!
Trump is a far leftist. He always has been, and I warned all of you in 2016 he would take you to the far left. And he has in so many ways.

Yes, there is a difference between protectionism and free trade. Trump is for free trade, but it has to be fair trade.

Like I said above, MAGAs blame external entities to explain why they suck.
China has fuck-all to do with our debt, and tariffs won't even come close to financing the debt. Get yourself a fucking calculator. But I must warn you,, it will probably come from China and will cost you more than twice as much as it did a couple weeks ago.

Agree tariffs won't pay the debt down, but tariff revenue is significant, currently $2b a day. If Chinese goods double in price, so be it, that revenue goes to Treasury, unless a US product is cheaper.

Um...retard? Trump's tariff on most countries is more than 10%. On China, it is over 100%.
Guess where we buy most of our stuff from. Stop whining? Start THINKING.

Like the last answer, we either get more revenue, or we sell more US products.

As I said elsewhere today, President Xi can out-wait Trump. Easily. He's a communist dictator and whatever pain his people feel doesn't bother him one bit. Xi is a child of the Cultural Revolution. Hardship doesn't phase him.

True. Did you see when he met the farm lady whose farm he stayed at while studying pigs, he worked his way up. Xi and his zealots want to prove they are a dominant world power. China's economy is not as resilient as you might think. We'll see how this plays out. I'm rooting for the US.

 

[kyzr]

Our economy is on the brink.
A trade war will likely play our like the banks and fund managers are seeing on the horizon.
Recession
Which Trump thinks is O.K., as long as it's not a depression.

1. Our economy is not on the brink, far from it. We'll see how the trade negotiations play out. Either the trade war with China causes a pullback in spending and corporate earnings, or it doesn't. The Fed is supposed to cut rates 3x or 4x this year, so that will help the economy.
2. The bond market is saying that congress needs to balance the budget and stop borrowing so much.

 

[meaner gene]

True. Did you see when he met the farm lady whose farm he stayed at while studying pigs, he worked his way up. Xi and his zealots want to prove they are a dominant world power. China's economy is not as resilient as you might think. We'll see how this plays out. I'm rooting for the US.

China, like the Soviet Union, and China under Mao, can withstand much more economic hardship than can America,
When Russia had people lining up to get their ration of bread from half empty shelves, that was their normal.

When that happened in America, that was their great depression.

 

[meaner gene]

1. Our economy is not on the brink, far from it. We'll see how the trade negotiations play out. Either the trade war with China causes a pullback in spending and corporate earnings, or it doesn't. The Fed is supposed to cut rates 3x or 4x this year, so that will help the economy.

Apparently you haven't seen the bond market.
Rates are going UP!!!!!

Now recalculate Americas economic future, and don't be afraid to use the "R" word.

 

[g5000]

Yes, there is a difference between protectionism and free trade. Trump is for free trade, but it has to be fair trade.

Trump is not for free trade.

Trump is a far left liberal protectionist.

What's more, he whines about trade with Canada and Mexico and he is the one who negotiated the trade deal with them! The USMCA he bragged so much about.

He conning you.

This is all a smokescreen to divert you from the fact he is about to overspend again by leaps and bounds.

Trump sabotaged the TPP just because Hillary was involved. He's an idiot.

He told you rubes it was bad without knowing anything about it, and without any of you rubes knowing anything about it.

As a result, China was made stronger as they filled the vacuum.

Agree tariffs won't pay the debt down, but tariff revenue is significant, currently $2b a day. If Chinese goods double in price, so be it, that revenue goes to Treasury, unless a US product is cheaper.

I will stipulate your $2 billion a day is accurate. But what you seem to be unable to see is that is a TAX INCREASE on Americans, not China. That $2 billion a day come out of YOUR pocket as US importers pas the cost onto YOU.

Trump lies about that. He deliberately lies about it. Over and over.

Like the last answer, we either get more revenue, or we sell more US products.

True. Did you see when he met the farm lady whose farm he stayed at while studying pigs, he worked his way up. Xi and his zealots want to prove they are a dominant world power. China's economy is not as resilient as you might think. We'll see how this plays out. I'm rooting for the US.

Again, Xi does not care how much a trade war hurts his people. He really does not care.

America's farmers are going to be the worst sufferers of Trump's stupidity, just like last time.

Watch and see. The American taxpayer is going to have to bail them out again, only it will cost us much more than last time.

 

[g5000]

1. Our economy is not on the brink, far from it. We'll see how the trade negotiations play out. Either the trade war with China causes a pullback in spending and corporate earnings, or it doesn't. The Fed is supposed to cut rates 3x or 4x this year, so that will help the economy.
2. The bond market is saying that congress needs to balance the budget and stop borrowing so much.

The Fed is going to have to greatly increase their buying of US Treasuries to offset the selloff in the bond market. That will not help the economy. It will only prevent a meltdown of the economy.

 

[kyzr]

Apparently you haven't seen the bond market.
Rates are going UP!!!!!
Now recalculate Americas economic future, and don't be afraid to use the "R" word.

Recession means 2 quarters of negative growth.
Biden spent $3T a year more than Trump-45 spent, and borrowed $8T.
That helped fuel inflation, so did letting 10m illegals into the US and giving them free food and free housing.
Republicans need to cut spending to the bone, that will hurt the GDP, so a recession comes, no big deal.
If we aren't back up for the mid-terms then the Republicans are toast.

 

[kyzr]

The Fed is going to have to greatly increase their buying of US Treasuries to offset the selloff in the bond market. That will not help the economy. It will only prevent a meltdown of the economy.

True. Janet Yellen fucked up by using short term instead of long term bonds when rates were low.

 

[meaner gene]

America's farmers are going to be the worst sufferers of Trump's stupidity, just like last time.

Watch and see. The American taxpayer is going to have to bail them out again, only it will cost us much more than last time.

China has actually been preparing for war (trade war) for years. Buying up farmland in other countries.

Was China's agricultural land buying spree worth it?

Is China making a land grab in Africa?

China invests in Argentinean farmland

 

[meaner gene]

Recession means 2 quarters of negative growth. the Republicans are toast.

Only if you're a D- economics student.
That was the simplistic definition for people who couldn't do actual economics.

The NBER is who uses real economics to determine a recession.

 

[Billiejeens]

Have you looked at the value of your 401 lately??

Mine is currently down considerably.
Thanks for asking

 

[Billiejeens]

You know who our last businessman president was?

Herbert Hoover.

How'd that work out for America?

https://study.com/learn/lesson/hooverville-great-depression.html

Our last one was actually Donald J. Trump
He was spectacular.

 

[WEATHER53]

Have you looked at the value of your 401 lately??

Yes one who does not have one. It is acceptable to me and you stoking fears means zero to anyone who is multi faceted invested like we thinkers are.
Did you get to bank in time today to cash your variety of government assistance checks?

 

[WEATHER53]

He thinks it's ALL good, because he WEATHER53 didn't sell.

What he fails to understand is that a retiree living off their fund, now has 20% less to draw from.
This is a fact^^^^^.

When the market bounces back, because it always has bounced back, then things will resume.
But that doesn't make the retiree feel any better.

Whereas the RICH have a buying opportunity that the fixed income retiree doesn't have.

Do you see the difference, WEATHER53

The draw out and dividend rates continue exactly the same. Yes some 200k accounts are now down to 180-190 and nothing like your make pretend 20% . Those funds have a long way to go before being adversely effected, Your spew stems from not providing for yourself and trying to fear trip others into your misguided misery

 

[WEATHER53]

He thinks it's ALL good, because he WEATHER53 didn't sell.

What he fails to understand is that a retiree living off their fund, now has 20% less to draw from.
This is a fact^^^^^.

When the market bounces back, because it always has bounced back, then things will resume.
But that doesn't make the retiree feel any better.

Whereas the RICH have a buying opportunity that the fixed income retiree doesn't have.

Do you see the difference, WEATHER53

What you are attempting to orchestrate as demise pending stems from your lack of knowledge and experience with successful, high level money management