Miscellaneous And Off Topic Subjects

[froot loops]

[Dr. Strangelove]

Trump promises to make all medication significantly more expensive in the coming days. this forum roars with consent.

[froot loops]

I used to make a lot of wisecracks about the adults in the room in his first term. I couldn't have been more wrong. None of them are present now and it is showing. Please come back Gary Cohn and Steve Mnuchin. Mnuchin can make as many Bond villain photos with his smoking hot wife at Fort Knox as he wants.

[Dr. Strangelove]

I ran across someone sharing this. Don’t know what book it’s from. But I thought it was funny.

[Dr. Strangelove]

[CGVT]

104% tariffs on China?

Good thing you all got your MAGA hoods early

magahat.webp

[froot loops]

I ran across someone sharing this. Don’t know what book it’s from. But I thought it was funny.

That's from Bob Woodward's book Fear.

[froot loops]

[CGVT]

[Dr. Strangelove]

Trump temporarily backs down and hits a 90-day pause on all "reciprocal tariffs" except for China, which he raising to 125% now.

[CGVT]

It's a fucking rudderless ship.

[froot loops]

But according to that tweet, a 10 percent tariff for every country besides China is in effect. Also. Russia and North Korea still evade any tariff.

[Mike]

Are you guys familiar with the saying “if you don’t like the weather in Michigan, just wait 5 minutes?”

[Jeff Buchanan]

On Trump's move to pause tariffs except on China (he increased thiers) and for the across the board 10% baseline tariff he imposed last week. Markets rallied tallying their highest one-day gain since, Oh, I dunno. It's a lot! 6-7% gains across most indices.

I read an article this morning by Oren Cass, the chief economist at American Compass, a conservative economic think tank who also writes the newsletter Understanding America. The central point was a rendering of a prominent view among those economists, who are OK with tariffs but not OK with how Trump planned for and implemented them, on how to make DJT's tariffs work. It's pay walled. One of the key points is that Trump moved too quickly on imposing steep tariffs. The rate of imposition needs to be slowed to give producers time to adjust to them, e,g, sequential additions of specific amount over a set period. They way they were imposed caused consternation over them because employment, production lines and supply chains a company uses can't adjust to them to buffer the impact on the bottom line. Trump has done, in effect, exactly that.

Libs call it "backing down." I don't think it is, and not at all for the one bad guy on the block, China. I think market declines and economists that have valid concerns getting in Trump's ear are both players. If it's true that the Trump people, including DJT, allege that 75 countries have contacted trade agencies in the US seeking talks, Trump is noticing that and thanking those countries publically for listening to US trade concerns. Here's his announcement on his Truth Social account:

"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!

Most of us here are invested in the markets. Watching your investments tank is hard. If this rally holds up and Trump can obtain the kinds of reductions in trade barriers imposed on the US producers he is seeking, He's mitigated the risk for further market declines and erasing your's and mine hard earned dollars. For a recovery to take place, we're going to have to hear, day by day through the remainder of the next 2w, exactly what Trump wants and how close he is to getting it, country by country.

[CGVT]

Hahaha!

What a bunch of bullshit spin

Jesus