Tariffs

[T200]

I believe it will work. Time will tell and we can revisit

Other countries are taxing us with tariffs much greater than what we tax them

My belief is that it should be proportional. Each country should be handled individually versus using a sledgehammer approach, similar to what they did/are doing to Federal employees.

[MightyGiants]

I believe it will work. Time will tell and we can revisit

Other countries are taxing us with tariffs much greater than what we tax them

Millions upon millions of Americans are suffering. They are losing jobs, their businesses, and their retirement savings (and potentially pensions).

What is it about the man who has 6 bankruptcies and many failed business ventures that makes you believe his radical ideas are correct and the vast majority of conservative and liberal economists and business leaders are all wrong?

[MightyGiants]

[squibber]

The CEO of a company that I am invested in heard the following. He knows people in high places so this may be more than hearsay. (English is not my CEO's primary language so his comment is not perfect)

"US has adopted reverse financial engineering as 7.2 trillion dollars worth of instruments are maturing shortly in 2026 and renewal interest rates at current economic conditions is prevailing at 4.8% which for renewal would be extremely expensive - the only way to push this down is by triggering events that make the world table new set of tariffs which in turn pushes economy into recession temporarily...recession pulls down growth and interest rates. The fall in rates is quite essential for the government to renew... once the instruments are renewed and before elections, Government will introduce QE and stimulus packages that will pull and trigger the economy back again."

[MightyGiants]

The CEO of a company that I am invested in heard the following. He knows people in high places so this may be more than hearsay. (English is not my CEO's primary language so his comment is not perfect)

"US has adopted reverse financial engineering as 7.2 trillion dollars worth of instruments are maturing shortly in 2026 and renewal interest rates at current economic conditions is prevailing at 4.8% which for renewal would be extremely expensive - the only way to push this down is by triggering events that make the world table new set of tariffs which in turn pushes economy into recession temporarily...recession pulls down growth and interest rates. The fall in rates is quite essential for the government to renew... once the instruments are renewed and before elections, Government will introduce QE and stimulus packages that will pull and trigger the economy back again."

I have heard this conspiracy theory.  I hope to hell it's not true (I have my doubts), as the level of cruelty behind a move to destroy the economy for over a year and cause massive harm and suffering for the American people is just hard to imagine.

[Jolly Blue Giant]

Some interesting notes concerning the stock market

1) 80%+ of the stock market is owned by 10% of the wealthiest people (organizations)
2) Biggest loser so far is Elon Musk whose portfolio has shed 130 billion dollars in a week
3) (this is fascinating) Warren Buffet has accumulated 12.7 billion dollars more in his portfolio in the last week - the man is a genius (either that, or he sold his soul to the devil at an early age) 


The players in the stock market are like Lemmings. When one Lemming looks skittish and jumps because he thought he heard something, another one sees him and doesn't know why he jumped, but he panics, then another, and another like a chain reaction until a group of hundreds, maybe thousands are suddenly running for their lives in a direction they know not where it leads. None of the Lemmings know why they are running or who's even leading the pack (because there is no leader), but they sure know there must be some horrible danger lurking around them - so they run as fast as they can. They keep running until they all go over a cliff and die. Dittos with stockholders - very skittish bunch - at the first sign of panic, they join the massive sell-off. Worse, tens of thousands of buy/sell decisions are made by computers using algorithms to make snap decisions, and they follow suit en masse, causing an even bigger crash

The money lost in the stock market by the wealthy 10% is actually sitting in some other investment (money market or something...assuming they sold and are waiting to buy back at a premium and increase their wealth several fold). Once the trend is back to "buy" status, because everything is a super-bargain...they will follow the Lemming strategy of moving en masse back into the market regardless of any actual idea of why it's happening. The only ones hurt are those who are riding it out and won't live long enough for the rebound...and the big companies and (for the most point) big boy players in the game, are NOT riding it out like us peaons, and moved those assets to the money market

Just my 2 cents. I've lost a ton in my favorite sector, technology stocks...which have taken the biggest beating. I did not sell (and wish I had), so I'm stuck waiting for the Lemming rebound