MMuller
Well-Known Member
Or measles...
Tariffs...what to make of them.
- Thread starter Dave Taylor
- Start date
Steve Vai
Endurance Guy: Tolerates most of us.
Inflation has nothing to do with paying a $65 surcharge from a Tariff. A Tariff is not inflation.
One more time in super clear english.
A. Tariff. Is. NOT. Inflation.
they take a snapshot, and annualize it. so if prices did go up by 2% in June when demand for gasoline went up post COVID, then yes - there was great inflation.
prices go up - naturally. they don't need tariffs to do it. blaming ANY sitting party for demand based price increases isn't a reasonable thing.
We want the stock market to go up? We want salaries to go up? Sure some gains are the results of efficiencies - most are just charging more along with more demand (hence charge morer.)
let's look at chickens - they had to cull millions of them. supply goes down, prices go up. once they are up, and they are selling all they can make, it isn't coming down.
people are willing to pay that much (demand curves and all) as soon as people stop buying chicken, the price will drop.
I've done the gasoline thing before - I have a Yukon - for math reasons, let's say I get 20mpg and drive 12k/year. 50 gal -> 1,000mi, so 600 gallons/year.
if gas went up $1/gal to $4, it is going to cost me $600. about $11.50/wk. 2 cans of beer (or a case of natty lite). 1/2 pack of cigs.....
yet everyone would go nuts if gas went up that much in any short amount of time.
Every president has the ability to make policy - telling someone not to sell light sweet to russia means we(the embargo nations) have to buy all of it if we want them to do that.
Policy can affect pricing - we expect that an increase is leading to something better.
TLDR ->I still say tariffs have not played out enough to see the results. sure we are suffering a bit, but if there is a purpose, as a people, we have always been willing to do that.
I know my portfolio has recovered by not panicking.
is it the execution that is so weird? somewhat. maybe it is the public showman thing (delivery)? Does it not make sense to me cause i'm 60ish?
I mean Reagan was an actor, and he could really lean in when he needed to.
Clinton - glad hander max, but persuasive. also a power couple.
Cool, you interested in a killer deal on a bridge that goes to Brooklyn from manhattan? I can get you in on the ground floor of this opportunity for the price of a couple S Works Levos. Just imagine how much money you can rake in on tolls!😎
Congrats, you have no idea how economics works.👍 price increases have nothing to do with inflation…..life would be so much more enjoyable if mom dropped me more as a child 🤪
John the Plumber
Well-Known Member
Inflation actually peak at 9.1% on 6/22 when he left office it was 2.7%. When he took office, it was 1.4%. If everyone remembers it was at the height of Covid. The jobless rate rose to 14.8% during the height of Covid and fell to 3.4% by 2022. We did spend a lot of money to get us back to being the Worlds leader with the Build Back Better Act, the Chips Act and the Inflation Reduction Act, this made a soft landing instead of a recession was it perfect, no. Economics is not black and white it is complicated. During Covid the supply chain was broken, which made things more expensive. We did fair better than the rest of the World, I am saying it didn't make us feel any better. Now I well let everyone where I am a Democratic Libertarian which means on monetary issues, I want a balanced budget and pay down the deficit. On social issues let people love and live who they want, too. Which is a nice way to say Mind your Own Damm Business.
one piece crank
1pc Cranky
I think that was just for ballpark franks and rent…
Steve Vai
Endurance Guy: Tolerates most of us.
Happy Meals haven't gone up yet so MAGA thinks everything is fine.
WASHINGTON, Sept 4 (Reuters) - The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter.
The trade gap ballooned 32.5% to $78.3 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast the deficit rising to $75.7 billion.
www.reuters.com
We are going FUCKING backwards people. Importing more, not less....7000 more manufacturing jobs lost last month....We are NOT reshoring manufacturing....Companies are looking for any pause they can find in the tarriffs and importing like hell...They are absorbing a part of the tarriff, we are as well. This is not sustainable....They have been cutting staff, buying back stock, but in time something will have to give.
The trade gap ballooned 32.5% to $78.3 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast the deficit rising to $75.7 billion.
US trade deficit widens in July on soaring imports
The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter.
www.reuters.com
We are going FUCKING backwards people. Importing more, not less....7000 more manufacturing jobs lost last month....We are NOT reshoring manufacturing....Companies are looking for any pause they can find in the tarriffs and importing like hell...They are absorbing a part of the tarriff, we are as well. This is not sustainable....They have been cutting staff, buying back stock, but in time something will have to give.
Dave Taylor
Rex kwan Do
Classic bait and switch. Same shit more noise. After the elections the rich sold the market top in December. Then Trump tanked it til April. Then the rich bought again(remember Charles Schwab being congratulated for making 2.5 billion in a day by the press? We are all fools if we think one is better than the other. All politicians are SCUMBAGS. The top 3 billionaires in the us have more wealth than the bottom 50% butit's ok because they earned it(not). But it's the system. We allow this. America has policy that allows these loopholes for the rich to get richer. The s&p will go up forever. Why? Because they keep the best performing companies and purge the bad ones. @Patrick isn't wrong with what he says it's just that the unethical rich lead the poor to the wolves.
why do people believe this?
what amount did they sell? Billions? so they could rack-up millions in tax? (lose 15% right out of the gate)
That selling without a strong buy market would immediately tank it.
if they then bought billions back, wouldn't that immediately drive the market back up?
I'll give you that they could play the options game very successfully with just a little fore-knowledge of upcoming "news"
Option contracts are public (quantity, not participant), was there an unusual blip?
do you think Trump meant their equity went up, not their income?
He knows the richest people list, he just multiplied their estimated wealth by the market uptick -
they also lost that much when it tanked.
and I am far from pro trump on any of this.
I think trump was hoping that blowing up a Venezualan row boat in the middle of the ocean would be more of a distraction than it turned out to be.
Not what trump expected?WASHINGTON, Sept 4 (Reuters) - The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter.
The trade gap ballooned 32.5% to $78.3 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast the deficit rising to $75.7 billion.
US trade deficit widens in July on soaring imports
The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter.
We are going FUCKING backwards people. Importing more, not less....7000 more manufacturing jobs lost last month....We are NOT reshoring manufacturing....Companies are looking for any pause they can find in the tarriffs and importing like hell...They are absorbing a part of the tarriff, we are as well. This is not sustainable....They have been cutting staff, buying back stock, but in time something will have to give.
Threatened tariffs caused spike in Chinese bike imports in July
WASHINGTON (BRAIN) — In July the U.S. imported bikes worth 5.3% more than in June, an increase that closely matches the 5.9% month-on-month increase for the entire U.S. economy, the Commerce Department reported Thursday. The most dramatic increase was from China. After a decline in Chinese bike...
www.bicycleretailer.com
Kent auctions tools and machinery from South Carolina bike factory
MANNING, South Carolina (BRAIN) — Perfection Industrial is auctioning machinery, tools and other equipment from Kent International's BCA factory here.Kent closed the factory this summer, with the company saying that assembling bikes in the U.S. would not allow it to compete with complete bikes...
www.bicycleretailer.com
John the Plumber
Well-Known Member
Trump said the real jobs numbers we be a year from now. Also, he said, " When huge, beautiful places, the palaces of genius open job numbers will improve." What does this mean? This man is actually POTUS.
It's really the liability due to the new laws after the huge condo collapse a few years ago. The prices have dropped but the monthly HOA fees and "special assessments" have gone up greatly. They now have to have more inspections, inspections reviewed by actual engineers and have to set aside money for these fixes.
Plus, the insurance has gone up multiples.
Plus Canadians dropping their condos. 🙂