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heybrother said:
You don't even have to wait that long. Once the Department of Education is disbanded all student loans get forgiven. That's actually why the DOE Is being disbanded. Once everyone's debt is gone the economy will be super boosted like at the end of Fight Club.
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Horse****
 



Forcing a recession. Taking money from the uber rich who are selling and giving it to retail.

“JUST IN: Retail investors bought $4.7 billion in stocks yesterday, the most in a decade.

@WatcherGuru”



Keep DCAing
 
DCA and dividend snowball. I am treating it like any other week. Might buy a few extra sin stocks as those tend to hold their own in down markets.
 
MortonExtension said:
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The previous administration, well actually going back further, the Obama administration really set us up for this by lowering interest rates. Trump is saving the market but Obama and Biden really dug him into a hole and he can't hold us up any longer so American's are paying the price. Just pray for Trump to save us like he's done before. The tariff income from other countries will continue to support us and our income from Medicare.
 
bloxxeeey said:
The previous administration, well actually going back further, the Obama administration really set us up for this by lowering interest rates. Trump is saving the market but Obama and Biden really dug him into a hole and he can't hold us up any longer so American's are paying the price. Just pray for Trump to save us like he's done before. The tariff income from other countries will continue to support us and our income from Medicare.
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Unless they cut us out of trade because America isn't that special when they can find partners elsewhere sans tariffs
 
Homo sapien said:
Unless they cut us out of trade because America isn't that special when they can find partners elsewhere sans tariffs
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Who else makes high quality trucks, computers, cars, technology, like we do? Unfortunately, the world would collapse without us and Trump knows that, it's a negotiation tactic and he has had more business experience than any president ever. These countries are attacking us with tariff's and Trump is standing up against them. We can bow down or we can fight and take America back.
 
If this is sarcasm, I honestly apologize, I missed it...

bloxxeeey said:
The previous administration, well actually going back further, the Obama administration really set us up for this by lowering interest rates.
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The president does not control the interest rate, the federal reserve does. The board is nominated by the president, but they are independent of him. However, even if we accept your premise, by the time Obama took office, the interest rate had been dramatically lowered to combat the 2008 recession (<1%). Under Trump the rate went up, then slightly down before the fed axed the rate to stimulate the economy in response to covid. When Biden came into office the rate was again very low (<1%) but inflation was growing so the fed rapidly increased the interest rate, the exact opposite of what you have said.

bloxxeeey said:
Trump is saving the market but Obama and Biden really dug him into a hole and he can't hold us up any longer so American's are paying the price.
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How is he saving the market? The market is currently heading toward a bear market as a direct result of his policy and rhetoric. You could argue the long term value of possibly bringing back manufacturing is worth the market pain, but that will be years (and likely a recession) away. The only hope for him "saving the market" is that he reverses course on tariffs.
bloxxeeey said:
Just pray for Trump to save us like he's done before.
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I am honestly unsure when you are referencing. His covid response was tepid at best.

bloxxeeey said:
The tariff income from other countries will continue to support us and our income from Medicare.
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but Americans are the ones paying the tariffs... it's coming from our pockets...

bloxxeeey said:
Who else makes high quality trucks, computers, cars, technology, like we do? Unfortunately, the world would collapse without us and Trump knows that, it's a negotiation tactic and he has had more business experience than any president ever. These countries are attacking us with tariff's and Trump is standing up against them. We can bow down or we can fight and take America back.
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ok... god dammit this is sarcasm and I missed it... you made me type out a whole response trying to be helpful/educational... :smack:
 
bloxxeeey said:
The previous administration, well actually going back further, the Obama administration really set us up for this by lowering interest rates. Trump is saving the market but Obama and Biden really dug him into a hole and he can't hold us up any longer so American's are paying the price. Just pray for Trump to save us like he's done before. The tariff income from other countries will continue to support us and our income from Medicare.
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Don’t even know where to start on this one. You might try educating yourself outside of what Fox News is telling you, because none of this follows any sort of fact.

As shadesofgrey mentioned, interest rates are controlled by the Fed, not the president. The president has no control over the Fed. And they were lowered under Obama to recover from the housing crisis, which was caused by deregulation during the Bush administration. Deregulation -> banks go wild and reckless -> we bail them out -> recession. If interest rates were not decreased, we would not have recovered from that recession.

In addition, Trump is currently intentionally spiking the economy and demanding interest rates be lowered, but the Fed is not beholden to him, and are not doing so.

Tariffs come out of your pocket, not the targeted country’s. Pure fact, plain and simple. Anyone who tells you otherwise is lying to your face.

bloxxeeey said:
Who else makes high quality trucks, computers, cars, technology, like we do?
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Very little of this stuff is made in America. I have no idea what you’re talking about.
 
bloxxeeey said:
Who else makes high quality trucks, computers, cars, technology, like we do? Unfortunately, the world would collapse without us and Trump knows that, it's a negotiation tactic and he has had more business experience than any president ever. These countries are attacking us with tariff's and Trump is standing up against them. We can bow down or we can fight and take America back.
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Europe and Asia. DO you really think they all drive American vehicles. Ffs we get our semiconductor chips for our cars from Asia and the body parts from Mexico

The world won't collapse without us. They don't give a ****. This 360million person place is not the lynchpin of the world. Other nations also produce goods and services of quality.

These countries weren't tariffing us. You're disconnected from reality
 
Homo sapien said:
Europe and Asia. DO you really think they all drive American vehicles. Ffs we get our semiconductor chips for our cars from Asia and the body parts from Mexico

The world won't collapse without us. They don't give a ****. This 360million person place is not the lynchpin of the world. Other nations also produce goods and services of quality.

These countries weren't tariffing us. You're disconnected from reality
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Other countries don't place tariffs on US imports? How many GMs and Fords do you see in Europe? Also, enjoy using your valued DPM degree in other countries than this 360 million person/place.
 
air bud said:
Other countries don't place tariffs on US imports?
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Yes, other countries have placed tariffs on us. However, we have been living in a relatively "free trade" era. I don't consider myself an expert enough to predict what will happen as a result. However, the consensus among economists is that these tariffs are going to damage the economy. Perhaps the experts and academics are all wrong, and Trump is right, I mean we all have had that random crazy patient that cured their fungal toenails with hair spray (If any prepods are reading this, do you really want to commit to a career where almost everything can be brought back to treating fungal toenails???)

air bud said:
How many GMs and Fords do you see in Europe?
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I don't know, I'm a poor PP pod with a family, I can't afford to visit Europe (prepods- stay away from podiatry, she is a strict master and her fruits are not worth the squeeze).

air bud said:
Also, enjoy using your valued DPM degree in other countries than this 360 million person/place.
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We are actually considered a highly skilled worker for many countries and are privy to better immigration chances, but sadly the compensation in other countries is often times less than here because it's often nonop work (prepods- FFS, why are you reading this?? Go another year of school, study hard, and sneak into a DO school).
 
For the record, I’m generally against tariffs. They are a leftist economic policy that I don’t agree with. Though I understand arguments on their utility at times, generally briefly, or as a negotiating tool to more favorable trade deals.

Homo sapien said:
These countries weren't tariffing us. You're disconnected from reality
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I mean this is just patently false. And most countries other than China, have already agreed to actual free trade (even the EU publicly stated they are open to zero tariffs on US goods in exchange for zero tariffs on their exports). China won’t, because the communist party won’t. But tariffs on China don’t end up in meaningful price increases as we’ve already seen. They are so reliant on exports (and have a “captive” work force so to speak) that they just devalue their own currency and keep pumping out cheap goods. When we put tariffs on them during the last Trump presidency it resulted in something like a 0.7% in the price of their goods.

Also, the “economy” is not the stock market. The hypocrisy of people who conflate the two depending on if their team is in office is entertaining to say the least.

One more thing. This attitude that these countries will just find other places to ship their exports to, is laughable. We are the 800lb gorilla in the room. We consume more than just about every other market combined. Canadians (for example) are hilarious when they think that they can just magically get their heavy crude from the sand fields in Alberta to another country to be refined. They have no ability to refine it themselves and don’t have adequate means to transport it to the eastern half of their country to send off to Europe (green energy policies FTW). Or they think would have a market for potash in the quantities that they ship to the US. They don’t. Most global economies are far more reliant on trade than the US (who has been shifting to a primarily service economy over the last 40+ years). They can’t pivot to different markets fast enough and can’t afford the economic interruption long enough to not play ball. Which is exactly why virtually all of them have already come to the metaphoric bargaining table to reduce these tariffs.
 
air bud said:
How many GMs and Fords do you see in Europe?
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GM and Ford make notoriously mediocre automobiles and the American market has vastly different demands than the European market. American car makers have all but discontinued sedans in favor of SUVs and large trucks that makes little sense in Europe. What Parisian is going to drive an F-350 around the city and why would anyone even need it? Europe has better automakers that better suit their needs and without importing costs— has nothing to do with tariffs levied.
 
dtrack22 said:
One more thing. This attitude that these countries will just find other places to ship their exports to, is laughable. We are the 800lb gorilla in the room. We consume more than just about every other market combined.
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So on one hand you have other countries who need exports to stabilize their economy, and on the other hand you have a nation of consumers that produces very little of material value and relies on exports of other nations to satisfy those consumers. We now have a lose-lose situation resulting in a race to the bottom. No matter how you want to spin it— bad situation that benefits no one except for current oligarchs who can further transfer wealth when our economy eats it and they can buy up everything on the cheap.
 
Boba Foot said:
So on one hand you have other countries who need exports to stabilize their economy, and on the other hand you have a nation of consumers that produces very little of material value and relies on exports of other nations to satisfy those consumers. We now have a lose-lose situation resulting in a race to the bottom. No matter how you want to spin it— bad situation that benefits no one except for current oligarchs who can further transfer wealth when our economy eats it and they can buy up everything on the cheap.
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The problem with your conclusion is the premise it’s based on is incorrect. Yes we have an economy that produces “less” than we did in years past (at least as a % of GDP). But we are the second largest exporter (aka “producer”) of goods in the world. We export a lot of goods. And trade policy should not be solely focused on exports any ways. Imports themselves create a lot of jobs and contribute positively to the economy. Which is exactly why this isn’t a “lose-lose situation” as you put it. Though I have no idea what “race to the bottom,” is even referring to. So maybe I missed some obscure point being made.

Maybe I’m just confused on your position in general. Are the tariffs bad? Or is truly free trade bad? Which one makes it easier for the oligarchs to buy up everything on the cheap? It is admittedly getting hard to tell anymore because Trumps policies have forced a lot of tribal folks to do a 180° on previously held economic beliefs in order to defend their team.
 
While this podiatrist discussion on tariffs and the economy has been truly enlightening, nobody has addressed my biggest concerns:
1) Does China recognize podiatry and my DPM degree?
2) Does anybody know any good Mandarin teachers, preferably one specializing in medical lingo?
And most importantly;
3) How will the tariffs impact my fentanyl addiction? I don't trust my dealer's assurances that his prices or quality won't be impacted, and I haven't been leveling up enough of my stealth points these past few years to feel confident in my ability to swipe the leftovers from the CRNA after a case.
 
dtrack22 said:
And trade policy should not be solely focused on exports any ways.
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Exports are exactly what he is basing his tariffs and “trade deficit” on. Or as air bud simplistically puts it— other countries aren’t buying our ****ty cars, so let’s tariff everyone else’s.

At least that’s what one can gather, because Trump actually isn’t putting a coherent reason behind it, nor any sort of criteria to negotiate. It’s all horse**** and no one even knows if it matters or if it will even take hold for longer than 12 hours. Literally becoming the joke of the world. Elect a clown, expect a circus.
 
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