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Maybe its time someone stood up to the bully, instead of handing him your lunch money.
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Right before sweet potatoes are mashed, they get very quiet. This is known as the silence of the yams -
Well I don't disagree with taking on China. We already were. But it's the United States that very much comes across as he bully here because we've picked a fight with every country on the planet. Do you think it's "fair" to slap a 10% tariff on countries even if they don't have tariffs on us? Israel's getting hit with a 17% tariff. Would you like to applaud Trump for punching that bully in the face?Last edited by Dr. Strangelove; Today, 11:24 AM.Comment
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Trump's promise to have no tax on capital gains this year is a promise he'll probably keep. But not the way he thinks.Comment
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Well, I went through Black Monday, October 19, 1987, when the DJIA dropped 23% in one day. Get your cash together, boys. The stock market is the only place where what was priced at X on one day gets repriced at .75X over a couple of weeks, and yet all the buyers head for the exits anyway.Originally posted by froot loops View Post
I have no idea if this tariff plan will be effective, and economic theory suggests that free trade creates the most goods for the greatest number of people. The globalization elites have, for 50 years, printed money and injected it into economies in order to encourage economic growth. Core Inflation EXcludes food and energy. The WSJ reported last week that in calculating poverty, they do not include any of the benefits that the "poor person" receives from various government programs. Supposedly the income that makes you poor and qualifies you for welfare is around $ 18,000. But the median income of the poor in the US is $ 65,000 if you include all income from every welfare source. We call those who work the system like this Democrats
Further, the amounts paid for bureaucrats are about 25-30% of the economy, and those payments are added to GDP, as if bureaucrats produce anything. Today, at 6:00pm, I have a Zoning Board meeting (by zoom) in which the Board is seeking to downzone a 35 acre parcel I bought under PUD-1 zoning to agriculture. I'd say that cuts the value of the parcel in half. There is no way to fight all the NIMBYs and BANANAs that show up to these things, so I'm screwed. If I litigate the "partial taking" that is going to happen, it will cost me about $ 250,000, and I will win. Then the Board simply reinstates the zoning that existed prior to the downzone, so all that happens is I pay $ 250,000 to get back the zoning I have today. This is why I always include lawyers in that group of people who depend on the government for their income and become Democrats.
Finally, if you want free trade, do so with China's SAIC or BYD. The cheapest car BYD sells in China is the Seagull EV at $ 9,700. Hey, import that to the US and sell it for about $ 14,000! That would delight the Greens because it is an EV. That would also drive down the cost of living throughout the US since US-made cars cost around $ 30,000. Hey, it's a win-win all around! I suspect even Froot can understand what that would do to people who work in auto plants in Detroit. Similarly, we learned from COVID that 96% of our pharmaceuticals are made in China or India. But, they are CHEAP!
This is unsustainable. Globalists love this kind of thing since it makes the "Global South" richer. Nationalists want to onshore vital industries like chips and pharmaceuticals in case of war. I don't like tariffs, but I'm willing to give this a try since printing money (what the Dems call Modern Monetary Theory) clearly is not working.
Last edited by Da Geezer; Today, 01:34 PM.Comment
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Theres a huge amount of debt coming due soon --I read somewhere 9 trillion was borrowed though 3 and 5 year treasuries is due this year. A good portion borrowed for covid/green new deal/build back better/inflation reduction act all of which added significantly to inflation and the mess we got in right now. And if kamal was in charge we would have refinaced that 9 trillion through a much higher rate then whats gonna happen now because she would have kicked the can
this country cannot live on a credit card especially one where we pay more for the interest of our debt then we do for our national defense
can you imagine making a 100K and 1/2 of it goes on the interest of your debt alone?
Interest on the debt and entitlements make up close to 80% of our national budget
we pay more on education and medical then any other country and have nothing to show for it compared to those who pay a lot less.
Biden borrowed his way to a smoke and mirrors administration that created jobs by creating government jobs that do nothing. Government Jobs increase the deficit even more and borrowing his ass off to create an illusion the economy was fine which all blew up in his face.
The Fifty %of america that doesnt own any stock is the part of america that stands to gain the most when this all settles out
And I for one am glad its happening now instead of being kicked down the road to my kids and grandkids
Main street over wall street
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Yes Main Street over Wall Street. Apparently crash course has never shopped at WalMart.
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There is nothing wrong with that according to DSL, froot and CGVT.Comment
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I shop at Walmart all the time. What the fuck are you talking about?Originally posted by foxhopper View PostComment
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I want to see how all this shakes out. As I've argued, there are upsides which are hard to see but they are real. BTW, the Dow reversed a 1000+ point slide this morning ending down a bit over 300 points. In normal times a 0.91% decline would be bad. Compared to last week's 2d declines, its nothing if not encouraging.
It's not easy to see benefits from tariffs accruing over time when your savings depending on where you've stashed it might have already suffered a 10% decline with potentially more on the horizon. Historically, the average market decline in down markets is 15%. They've declined as much as 32% in recent down markets and in excess of 50% something like 4 times since the 1870s. https://tradethatswing.com/a-history...r6aNMz0HBPecrw
I share this link with you not as an endorsement of Vanguard but rather as a salutary look at what's happening in the global economy, There is an attached written text version of the video whose host has a strong accent and can be hard to understand. It's short (14 minutes). I recommend following the audio portion of the video with the text version in front of you. It makes a point to not base investment decisions on emotions but rather seek good advice and counsel before making any tactical decisions with your investments.......keep your head about when others are loosing there's.
Mission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.Comment
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I guess the gang members deported to El Salvador won't be coming back to the US after all. The USSC ruled 5-4 in Trump's favor regarding his use of the Alien Enemies Act, and in ruling so, overruled Judge Boasberg's rulings to the contrary. So it doesn't matter if the planes were on the ground in the US, in US airspace, international airspace, or on the ground in El Salvador when Boasberg made his ruling. The Court ruled that Trump used the law properly.
Perhaps if Judge Boasberg is so concerned about the rights of convicted illegals in the US, maybe in the future, he should open his own home to them, and take care of them properly, so as to be sure their rights are not violated, and that they are treated appropriately.
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In other news, the price of oil in the international market dropped below $60 per barrel today, the lowest its been since 2021. Saudi Arabia increased its output of oil due to other OPEC members doing the same, contrary to the agreements they had.Right before sweet potatoes are mashed, they get very quiet. This is known as the silence of the yamsComment
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You are not reading the decision correctly. They lifted the stay because it was filed in the wrong venue (DC not Texas) and should have been a habeas case instead. All nine justices were unanimous in agreeing the detainees have a right to due process before being deported.
The decision also says nothing about whether a criminal gang can be classified as a “foreign government” under the Alien Enemies ActComment
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