Stock market

[guywhofishes]

 

[CatDaddy]

 

[bravo]

Where do the New Jersey drones fit in all this?

 

[Traxion]

When the foreign countries put 78% tariff on our goods, and we put nothing on theirs, how can we compete?

So this is the interesting part about the tariff amounts. They aren't set on what other countries charge us in tariffs. They're very simply set on trade deficits. If we export 10 billion in goods to country X, and country X exports 110 billion to us, the deficit is 100 billion. That is the number that was used on the chart that was shown . They simply took that number in half and said here is your tariff. I haven't researched actually what each country charges, only ready it is much less than what was on the chart. I think Vietnam charges maybe 8% (don't quote me, but we said it was 98% and are charging 49%. The trade deficit with them is because every company that could jumped from China to them to avoid the higher tariffs. Thus, they export a crap ton more to us than we do to them.

Remember during the Obama clown show when the DOW had a slight correction with a 50% dip and took years to recover. That was economic bliss. Now during the Don's administration the DOW has CRASHED nearly 8% and we are doomed.

I have to raise the BS flag on this one a bit. Not that it didn't happen, but the context of why is left out. Obama came into a shit sandwich with the mortgage crisis as he came into office. It wasn't his doing. Overall, the gains during his presidency were very reasonable. The crisis he inherited was the making of loose lending policy and greed. I can't hardly even blame GW at all. Point being, each president has to deal with the crap left by the previous administration. Trump is certainly feeling that now, but as many have said all administrations before him sold out overseas. But, today's drop was a manufactured crisis. You can argue if it was necessary or not, but you can't argue the fact that it was manufactured. It's a long term play.....with the question of will it really be able to get wheels under it before change? I personally don't believe so. Why? Because the American public is worrying more about tomorrow than a year from now. They've experienced years of inflation and are still stuck with high prices. This is going to prolong or worsen that. And I don't feel that the public will tolerate that. The margins in the House and Senate are so thin that even as disorganized as the Dems are, I can see them taking control in two years pretty easily if the economy has tough times and prices go up more. At that point it's all for naught.

I don't see how bringing back the jobs is going to help us that much. If we are successful, we lose the tariff dollars. Does the taxes of the operation and workers make up for this? There is no argument that prices won't go up. We aren't going to have someone making Silverado's or Nike's 100% in the USA without prices rising. No way at all. So we bring jobs back, but everyone pays more? Do we even have the workers to fill these jobs? How long will it take to really gain back any small part of what we lost? I hate to be the pessimist, but I just simply don't see it happening. Americans want cheap goods and lots of them.

Uncertainty sucks for any business. We have a specialty piece of equipment sitting in SE Asia right now. Nobody in the USA could do it, so it was engineered in Europe and manufactured there. Our cost for that equipment is likely nearly 60% more than originally planned, between tariffs and shipping cluster f's that have been created by tariffs. It's a tough pill to swallow for sure, and we're small peanuts compared to some of the companies who have 100's of millions of dollars sitting over there. Certainly will cause a change up in planning on our ends. I can't imagine the scramble others are going through.

 

[lunkerslayer]

 

[Reprobait]

Manufacturing in this country is not going to take off in just a year or two. Where are all these people that are available to build plants and staff them? These are the factory jobs that had fathers constantly telling their kids to do well in school so that you don't have to take a job like I have. They worked overtime to get their kids in college, so they didn't have to work in factories.

This is trying to bring back some perceived golden age that never really was, instead of planning for a future of AI and what that means for our lives.

 

[Kurtr]

Manufacturing in this country is not going to take off in just a year or two. Where are all these people that are available to build plants and staff them? These are the factory jobs that had fathers constantly telling their kids to do well in school so that you don't have to take a job like I have. They worked overtime to get their kids in college, so they didn't have to work in factories.

This is trying to bring back some perceived golden age that never really was, instead of planning for a future of AI and what that means for our lives.

That’s a problem the tale that going to college was the best route. Now we are short in every trade. Unless you are getting a very specific degree college is a horrible investment when you can go to two years of trade school come out with a quarter or even less debt and have a higher paid job with endless job security.

 

[Lycanthrope]

This is an interesting discussion, essentially their take is that we need to break the fiat currency system to get back to real monetary system where the government cannot just steal from the population at will by deflating the currency. Of course that will be painful, especially for those who hold the most fake money, aka USD.

 

[Reprobait]

Are things that bad that we need to throw everything into chaos? Could things be better? - Absolutely. The economy was growing steadily, and we are basically at full employment. A couple of months ago our lakes were full of nice wheelhouses. A month from now they will be full of nice boats with wonderful electronics. They are pull by pickups far more reliable, powerful, and comfortable that what our fathers or grandfathers had. We have phones on us that give us access to all kinds of information and perform so many different tasks. With a few clicks I can order about anything I want, including guns delivered to my house (or local gun dealer).

 

[Lycanthrope]

Are things that bad that we need to throw everything into chaos? Could things be better? - Absolutely. The economy was growing steadily, and we are basically at full employment. A couple of months ago our lakes were full of nice wheelhouses. A month from now they will be full of nice boats with wonderful electronics. They are pull by pickups far more reliable, powerful, and comfortable that what our fathers or grandfathers had. We have phones on us that give us access to all kinds of information and perform so many different tasks. With a few clicks I can order about anything I want, including guns delivered to my house (or local gun dealer).

would you sacrifice our country for boats and ice castles?

 

[Reprobait]

That’s a problem the tale that going to college was the best route. Now we are short in every trade. Unless you are getting a very specific degree college is a horrible investment when you can go to two years of trade school come out with a quarter or even less debt and have a higher paid job with endless job security.

Agreed, we also lack the trades people to build and maintain these factories that we think are going to be built. These tariffs are just going to mean higher prices for us.

 

[Reprobait]

would you sacrifice our country for boats and ice castles?

What does you version of the country look like? What is so awful right now?

 

[Lycanthrope]

What does you version of the country look like? What is so awful right now?

https://www.usdebtclock.org/ The current strategy is unsustainable, it will fail. Either we adjust or it will collapse.

 

[Reprobait]

https://www.usdebtclock.org/ The current strategy is unsustainable, it will fail. Either we adjust or it will collapse.

I have heard that for thirty plus years. I have seen nothing out of tRump that he actually cares about it. He increased the debt a lot during his first term, and he is poised to do it again.

 

[Traxion]

After hours trading looks like markets are down another 2-3%. Adding that onto yesterday is painful. We’ll see what today brings.

 

[Reprobait]

What does you version of the country look like? What is so awful right now?

You sound like some kind of green lib saying that I should be sitting at home and subsisting on rice and beans with no air conditioning

 

[Allen]

So this is the interesting part about the tariff amounts. They aren't set on what other countries charge us in tariffs. They're very simply set on trade deficits. If we export 10 billion in goods to country X, and country X exports 110 billion to us, the deficit is 100 billion. That is the number that was used on the chart that was shown . They simply took that number in half and said here is your tariff. I haven't researched actually what each country charges, only ready it is much less than what was on the chart. I think Vietnam charges maybe 8% (don't quote me, but we said it was 98% and are charging 49%. The trade deficit with them is because every company that could jumped from China to them to avoid the higher tariffs. Thus, they export a crap ton more to us than we do to them.

I have to raise the BS flag on this one a bit. Not that it didn't happen, but the context of why is left out. Obama came into a shit sandwich with the mortgage crisis as he came into office. It wasn't his doing. Overall, the gains during his presidency were very reasonable. The crisis he inherited was the making of loose lending policy and greed. I can't hardly even blame GW at all. Point being, each president has to deal with the crap left by the previous administration. Trump is certainly feeling that now, but as many have said all administrations before him sold out overseas. But, today's drop was a manufactured crisis. You can argue if it was necessary or not, but you can't argue the fact that it was manufactured. It's a long term play.....with the question of will it really be able to get wheels under it before change? I personally don't believe so. Why? Because the American public is worrying more about tomorrow than a year from now. They've experienced years of inflation and are still stuck with high prices. This is going to prolong or worsen that. And I don't feel that the public will tolerate that. The margins in the House and Senate are so thin that even as disorganized as the Dems are, I can see them taking control in two years pretty easily if the economy has tough times and prices go up more. At that point it's all for naught.

I don't see how bringing back the jobs is going to help us that much. If we are successful, we lose the tariff dollars. Does the taxes of the operation and workers make up for this? There is no argument that prices won't go up. We aren't going to have someone making Silverado's or Nike's 100% in the USA without prices rising. No way at all. So we bring jobs back, but everyone pays more? Do we even have the workers to fill these jobs? How long will it take to really gain back any small part of what we lost? I hate to be the pessimist, but I just simply don't see it happening. Americans want cheap goods and lots of them.

Uncertainty sucks for any business. We have a specialty piece of equipment sitting in SE Asia right now. Nobody in the USA could do it, so it was engineered in Europe and manufactured there. Our cost for that equipment is likely nearly 60% more than originally planned, between tariffs and shipping cluster f's that have been created by tariffs. It's a tough pill to swallow for sure, and we're small peanuts compared to some of the companies who have 100's of millions of dollars sitting over there. Certainly will cause a change up in planning on our ends. I can't imagine the scramble others are going through.

Look, I hate to point out the obvious, but you don't have enough grammatical and/or spelling errors to be believable. You also completely forgot to include a meme of any sorts, or use X and FB links to get your points across.

 

[4Buck]

After hours trading looks like markets are down another 2-3%. Adding that onto yesterday is painful. We’ll see what today brings.

Sounds like most of his worshipers should be happy then today. Remember buy the dip, whenever that is.

 

[Kurtr]

Are things that bad that we need to throw everything into chaos? Could things be better? - Absolutely. The economy was growing steadily, and we are basically at full employment. A couple of months ago our lakes were full of nice wheelhouses. A month from now they will be full of nice boats with wonderful electronics. They are pull by pickups far more reliable, powerful, and comfortable that what our fathers or grandfathers had. We have phones on us that give us access to all kinds of information and perform so many different tasks. With a few clicks I can order about anything I want, including guns delivered to my house (or local gun dealer).

YES. If you want a country for future generations yes it is that bad. Young adults cant afford to even buy a starter home now they are coming out of college with hundreds of thousands in debt. A country built on debt and credit is a house of cards waiting to crumble. The generations past have kicked the can down the road at some point it has to be fixed and both parties are mutually responsible. The head in the sand approach is not sustainable

 

[Wall-eyes]

Yes, I remember that very well. He hasn’t gotten any smarter and either have his cult members. Any minute now, we’ll be told it’s Bidens fault.

At least Trump is doing something, should have been done 15 to 20 years ago, Damn Dems are the stupid ones. Ever look what US pays in tariffs vs what we charge others. Screw rest of the world keep all manufacturing in US, oil , cattle and crops etc.. you have no idea how the world works, that's right you are Mr. know it all. What high ranking office you service now hell run for President. I will personally buy you airline ticket out of US. Guys like you make me sick.