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RE: He’s smarter than you… - purplefaithful - 04-06-2025
(04-05-2025, 05:46 PM)JimmyinSD Wrote: If the previous administration had taken action perhaps the plants would be open already. Something needed to be done, is it the right action? I dont know, time will tell, but i do know that inaction wasnt doing anything to try and bring back manufacturing jobs to the US. If our country's education scores tell me anything its that we are going to be needing a lot of blue collar jobs going forward to be paying on that mountain of debt we are leaving our kids.
If you look even deeper into the calc's and rollout of this, I am more and more convinced it is actually trying to address trade imbalances vs a tariff fight.
The Tariff is just the knife brought to the fight.
I agree something has to get done and direction things were going for decades (including The Bushes, Obama and Trumps 1st term) was polar opposite to our best interests.
See I said "our"
In the end, we of course need to address debt and try to address trade imbalances...We can all agree on that.
I am not sure the Tariff war was the best way to go about it.
My hope is we have some Tariff agreements soon, the mkt will move in the right direction with some good news.
I dont think setting the bar at more factories and jobs is going to happen. Or if it does, it will be un-substantial. You can do things cheaper (much cheaper elsewhere) is the reality. That isnt going to change.
Biz will always be beholden to share-holder value above ALL ELSE.
RE: He’s smarter than you… - AGRforever - 04-06-2025
It absolutely is about trade deficits. You know how to end the deficit? Reducing consumption.
I did the math in the other thread. We’re somewhere around 3% of the global population who accounts for 26% of the global GDP. There isn’t a path forward that keeps us at 26% of gdp with such a low population.
RE: He’s smarter than you… - JimmyinSD - 04-06-2025
(04-06-2025, 09:29 AM)purplefaithful Wrote: If you look even deeper into the calc's and rollout of this, I am more and more convinced it is actually trying to address trade imbalances vs a tariff fight.
The Tariff is just the knife brought to the fight.
I agree something has to get done and direction things were going for decades (including The Bushes, Obama and Trumps 1st term) was polar opposite to our best interests.
See I said "our"
In the end, we of course need to address debt and try to address trade imbalances...We can all agree on that.
I am not sure the Tariff war was the best way to go about it.
My hope is we have some Tariff agreements soon, the mkt will move in the right direction with some good news.
I dont think setting the bar at more factories and jobs is going to happen. Or if it does, it will be un-substantial. You can do things cheaper (much cheaper elsewhere) is the reality. That isnt going to change.
Biz will always be beholden to share-holder value above ALL ELSE.
Well we need to even the playing field then, demand the countries that are beating us on labor have to meet the same stringent regulations that US companies have to meet. Both environmental and human rights....and roll back some of the stupid shit here in this country that is handcuffing our own efforts.
We have killed our own country through regulations and entitlements, its time to get back to producing our own goods and having Americans employed and paying taxes instead of being a drain on the coffers.
RE: He’s smarter than you… - purplefaithful - 04-06-2025
Oh boy...
US stock futures declined sharply Sunday evening after two sessions of selloffs that wiped away over $5.4 trillion in market value.
Dow futures were down 1,500 points, or 4%. S&P 500 futures plunged 4.3%, while Nasdaq futures tumbled 4.7%.
Bitcoin joined the declines, too – falling 5.6% to $78,736.93. Bitcoin had surged above $100,000 shortly after Trump was elected in the hopes that he’d help boost support for cryptocurrencies.
The massive declines in futures follow the worst two-day stretch for stocks in five years – since the pandemic.
RE: He’s smarter than you… - Waterboy - 04-06-2025
(04-06-2025, 05:47 PM)purplefaithful Wrote: Oh boy...Wait a day or two and put some money down. You’ll get rich.
US stock futures declined sharply Sunday evening after two sessions of selloffs that wiped away over $5.4 trillion in market value.
Dow futures were down 1,500 points, or 4%. S&P 500 futures plunged 4.3%, while Nasdaq futures tumbled 4.7%.
Bitcoin joined the declines, too – falling 5.6% to $78,736.93. Bitcoin had surged above $100,000 shortly after Trump was elected in the hopes that he’d help boost support for cryptocurrencies.
The massive declines in futures follow the worst two-day stretch for stocks in five years – since the pandemic.
RE: He’s smarter than you… - JimmyinSD - 04-07-2025
where was all the handwringing in the winter/spring of 22? We saw the S&P drop about 22% over a few months that year and not a peep, not jim kramer, not the msm, not the dems, nobody said shit about their 401ks that I recall.. it was a dip. We are currently sitting at a 21% drop since valentines day, so about 2 months, and I expect it to go lower, but like Waterboy says, its about to be come a good time to make some money. I am hoping to put about as much in on the dip as what my IRA lost on the drop ( which was very significant to me, I figure I lost about 2 years worth of retirement income), which could be huge when this thing rebounds.
The only difference is the party occupying the white house, especially 1/4-1/3 of his party doesnt even want him there.
RE: He’s smarter than you… - purplefaithful - 04-07-2025
There is no sugar-coating this and slapping a typical yah-but "what about Hilary" on it doesnt make it any better or change anything.
No lipstick on this pig, it's officially a Bear mkt now.
My disagreement with this isnt political, its policy.
Will the end result justify the means? We'll see...
RE: He’s smarter than you… - Waterboy - 04-07-2025
(04-07-2025, 09:45 AM)purplefaithful Wrote: There is no sugar-coating this and slapping a typical yah-but "what about Hilary" on it doesnt make it any better or change anything.
No lipstick on this pig, it's officially a Bear mkt now.
My disagreement with this isnt political, its policy.
Will the end result justify the means? We'll see...
This IS a game changer, and the market loves the status quo. The thing is, this isn't Trump waiting for an inevitably bad thing to happen. This is a president charting our destiny. Play this out in your head, throw out the fears, live by the realities. We end up in a far advantaged position to where we're at today with vital businesses reintegrated to the US, better trade balance, and less the refrigerator off our back finally. This is a good thing and the market will adjust with more certainty. Hell, it'll skyrocket with certainty even when the certainty isn't good news. This is where you make money, but as many times as I've told people in the past, people freak and zig when they should zag. You make more money over the long run when the market dips like this because it allows you to purchase stocks at a discount. This is the time to be bold. Just my two cents.
RE: He’s smarter than you… - JimmyinSD - 04-07-2025
(04-07-2025, 09:45 AM)purplefaithful Wrote: There is no sugar-coating this and slapping a typical yah-but "what about Hilary" on it doesnt make it any better or change anything.
No lipstick on this pig, it's officially a Bear mkt now.
My disagreement with this isnt political, its policy.
Will the end result justify the means? We'll see...
no sugar coating or what aboutism going on here either... its a market dip, not unlike ones we've seen in the past and nobody was losing their shit then so while I never like to see major hits to my IRA, I understand that they will happen and just move on to the next thing...focusing on making more money to put into the market when I feel it has bottomed out. I am sure as I get closer to my retirement things like this will become more of going concern, but honestly its what any market does, I personally think the "woe is me, the sky is falling" cries are created by wall street to scare people into making bad decisions so they can be in a position of make a quick buck when reality hits and the market fears subside.
RE: He’s smarter than you… - purplefaithful - 04-07-2025
(04-07-2025, 10:12 AM)JimmyinSD Wrote: no sugar coating or what aboutism going on here either... its a market dip, not unlike ones we've seen in the past and nobody was losing their shit then so while I never like to see major hits to my IRA, I understand that they will happen and just move on to the next thing...focusing on making more money to put into the market when I feel it has bottomed out. I am sure as I get closer to my retirement things like this will become more of going concern, but honestly its what any market does, I personally think the "woe is me, the sky is falling" cries are created by wall street to scare people into making bad decisions so they can be in a position of make a quick buck when reality hits and the market fears subside.
I'm fully retired now and just went on Medicare and SS believe it or not! So our portfolio is more conservative - but I am staying away from our dashboard for the next mos.
I remember 2008, my kids first year of college. There is never a good time for a bubble to burst, but that was pretty bad from where my porch view was.
Life is not for the spineless or weak minded, thats for sure!