Trump's economic update

[SFVikeFan]

Dow Jones plunges 767 points today.

Facts:  January 2017, Trump takes office with Dow Jones at 19,827 points.

One year later, January 2018 Dow peaks at 26,616 points, Trump announces tariffs.  
Net gain from Inauguration to tariffs announcement:  6789 points

18 months later:  25,717

Net loss since tariffs announced:  -900 points


At some point Republicans need to face the music ... Trump's tariff war is a complete disaster.

[Guest]

He has absolutely no idea what he's doing. He has no clue how to run a business, as has been exposed repeatedly.

Everything he does is a facade to mask how incompetent he is. We can't make this same mistake again in 2020, America. Stop falling for this.

[Guest]

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• 'This is just another nail in the coffin'4,649 reactions

  US farmers are exasperated by latest trade war moves: 'Another nail in the coffin'
  

Adriana BelmonteYahoo FinanceAugust 5, 2019, 12:18 PM CDT

Iowa pork producer weighs in on U.S.-China trade tensions: 'We feel like a yo-yo'

Trade tensions between the U.S. and China are flaring once again, and American farmers continue to bear the brunt of the implications.
In response to President Trump recently announcing 10% tariffs on $300 billion in Chinese goods, China allowed the yuan to weaken and suspended purchases U.S. agricultural products.
“The Chinese market has a large capacity and the prospect of importing high-quality U.S. agricultural products is bright," state-owned media Xinhua said on Monday. "However, we hope the U.S. will conscientiously implement the consensus reached at the [G-20 summit in Osaka, Japan] between the heads of the two countries, and implement the commitments to create the necessary conditions for cooperation in the agricultural fields between the two countries.”
America farmers were dismayed by the developments.
“This is just another nail in the coffin,” Tyler Stafslien, a North Dakota-based soybean farmer, told Yahoo Finance. “To see this thing only seems to be getting worse rather than better is very concerning, and the American taxpayers may have to foot another round of funding if this keeps up — or we could see a ton of farmers’ loss throughout this nation.”
American Farm Bureau Federation President Zippy Duvall said that the pain extended across the country.
“China’s announcement that it will not buy any agricultural products from the United States is a body blow to thousands of farmers and ranchers who are already struggling to get by,” Duvall stated.

Farmer Mark Klinger talks about U.S. President Donald Trump's $12 billion emergency relief for farmers as he stands on his farm in Pecatonica, Illinois, U.S., July 25, 2018. Photo taken July 25, 2018. (Photo: REUTERS/Joshua Lott)More

‘Tariff policies have been doing financial harm to farmers’Although farmers have collectively been receiving billions in market facilitation payments from the USDA, Stafslien sees these payments as “band-aids.”
The Trump administration announced in July that it would be providing an additional $16 billion in aid to farmers affected by the trade war.
“It’s certainly proof that the administration recognizes their tariff policies have been doing financial harm to farmers and rural America,” Stafslien said.
Michelle Ziesch, a North Dakota farmer who grows beef cattle, corn, soybeans, and other crops, said she was “very disappointed” by the latest development.
“We were hoping that by now, the trade talks would be continuing and hopefully making some progress,” she told Yahoo Finance. “So that’s a pretty big setback.”
Back in May 2019, U.S soybean prices reached its lowest level in a decade, dipping below $8 a bushel for the first time since 2008. But for farmers to make some kind of profit, they have still sold their crops despite the record-low prices.

[Guest]

Yeah. 

And you two were the board's two biggest believers that Mueller was going to indict Trump.  
So pardon moi if I'm skeptical of your two's predictions.  

-900 (actually, 766 points) from the DJIA, huh?  

2.9% loss. 
2.9%

On a day that China devalued it's currency to an all-time low.  

Also, the US officially formally  declared to the IMF that China is a  "currency manipulator" https://www.reuters.com/article/us-usa-t...SKCN1UV2BK  which sets up some type of international mediation. 

I'll admit I'm not much of a macro-economics guru...but I do know markets don't like uncertainty. 
And today's events reflect mucho uncertaindado.  So... you got dat, altho I suspect you two know about as much as macro-economics, as I do.
I'd have predicted a bigger % drop...with today's historic Yuan news.  

LOL at  your "farmer in the field" proof-of-Trump's-idiocy anecdotes, SFVF.  
^^ As convincing as your Mueller anecdotes.  

I suspect farmers (great folks, by and large) are willing to cut some slack, for the long-term gain.  

https://www.bloomberg.com/news/articles/...s-build-up

& why might farmers be so patient?  Maybe because they think they have a POTUS that (ultimately) has their interest(s) at heart?  Maybe?

[Guest]

@savannahskol said:
Yeah. 

And you two were the board's two biggest believers that Mueller was going to indict Trump.  
So pardon moi if I'm skeptical of your two's predictions.  

-900 (actually, 766 points) from the DJIA, huh?  

2.9% loss. 
2.9%

On a day that China devalued it's currency to an all-time low.  

Also, the US officially formally  declared to the IMF that China is a  "currency manipulator" https://www.reuters.com/article/us-usa-t...SKCN1UV2BK  which sets up some type of international mediation. 

I'll admit I'm not much of a macro-economics guru...but I do know markets don't like uncertainty. 
And today's events reflect mucho uncertaindado.  So... you got dat, altho I suspect you two know about as much as macro-economics, as I do.
I'd have predicted a bigger % drop...with today's historic Yuan news.  

LOL at  your "farmer in the field" proof-of-Trump's-idiocy anecdotes, SFVF.  
^^ As convincing as your Mueller anecdotes.  

I suspect farmers (great folks, by and large) are willing to cut some slack, for the long-term gain.  

https://www.bloomberg.com/news/articles/...s-build-up

& why might farmers be so patient?  Maybe because they think they have a POTUS that (ultimately) has their interest(s) at heart?  Maybe?

Untrue. I always from day one believed this Mueller thing would be a big nothing-burger. So, you're wrong.

Having said that, I think it was a nothing-burger because the media didn't do their jobs. Read the report. Even the sterilized version that Barr released had DAMNING evidence that Trump is a corrupt fuck.

But I did say that it's stupid to hope that the Mueller report would do any good simply because, anything short of indictments, it would be complete spin the Fox News would sell to stupid people as a victory for the Republicans. 

[Guest]

@KingBash said:

But I did say that it's stupid to hope that the Mueller report would do any good simply because, anything short of indictments, 

If you ever posted that...I'd be shocked.  I would've remembered that.  (If you look back in the archives & prove I'm wrong, I'll eat crow)

"Anything short of indictments..." 
Jeeze.  What do (Special) Prosecutors, do?   "Anything short of indictments.." leaves ONE MORE OPTION.... a DECLINATION TO PROSECUTE.  
By definition of traditional American prosecutorial definition, and by the "SPECIAL COUNSEL" statue, as well.  https://www.law.cornell.edu/cfr/text/28/600.1

Anyways, that prosecutorial ship has sailed...ran aground...ran aground again with Mueller taking the stand.  
^^ Old news, proven spot-on by me/A1J.  You were proven SPECTACULARLY WRONG. 

Care to respond to my "farmer-in-the-field/China" angst, post?  KB Chin-leader?

[Guest]

@savannahskol said:

@KingBash said:

But I did say that it's stupid to hope that the Mueller report would do any good simply because, anything short of indictments, 

If you ever posted that...I'd be shocked.  I would've remembered that.  (If you look back in the archives & prove I'm wrong, I'll eat crow)

"Anything short of indictments..." 
Jeeze.  What do (Special) Prosecutors, do?   "Anything short of indictments.." leaves ONE MORE OPTION.... a DECLINATION TO PROSECUTE.  
By definition of traditional American prosecutorial definition, and by the "SPECIAL COUNSEL" statue, as well.  https://www.law.cornell.edu/cfr/text/28/600.1

Anyways, that prosecutorial ship has sailed...ran aground...ran aground again with Mueller taking the stand.  
^^ Old news, proven spot-on by me/A1J.  You were proven SPECTACULARLY WRONG. 

Care to respond to my "farmer-in-the-field/China" angst, post?  KB Chin-leader?

I did, numerous times, say that this Mueller report would be a disappointment to Democrats. Don't get me wrong, I hoped for the opposite, but it was a fool's errand.

I'm about to log out. No promises I'll address your China post. Busy next few days.

Take care.

[Guest]

Extra Extra read all about it!!  SFvike and Kingbash start thread when the stock markets drop after reaching all time highs. You guys are as predictable as Childresses offenses. 

[Guest]

@AGRforever said:
Extra Extra read all about it!!  SFvike and Kingbash start thread when the stock markets drop after reaching all time highs. You guys are as predictable as Childresses offenses. 

All- time highs huh??

LMAO

Hey genius, it's been FLAT FOR 18 MONTHS, after gaining almost 7000 points in the first 12 months before announcing tariffs.  Do you understand that?  Do I need to post a graph, calendar, and get some crayons out for you two?


The sheer willful ignorance of Trump supporters to do everything in their power to overlook the painfully obvious is beyond disturbing.

"Yeah it's peaked and hasn't budged for a year and a half, and now that it's dropped SF is just being mean wwahhh wahhh"

[Guest]

@savannahskol said:
Yeah. 

And you two were the board's two biggest believers that Mueller was going to indict Trump.  
So pardon moi if I'm skeptical of your two's predictions.  

-900 (actually, 766 points) from the DJIA, huh?  

2.9% loss. 
2.9%

On a day that China devalued it's currency to an all-time low.  

Also, the US officially formally  declared to the IMF that China is a  "currency manipulator" https://www.reuters.com/article/us-usa-t...SKCN1UV2BK  which sets up some type of international mediation. 

I'll admit I'm not much of a macro-economics guru...but I do know markets don't like uncertainty. 
And today's events reflect mucho uncertaindado.  So... you got dat, altho I suspect you two know about as much as macro-economics, as I do.
I'd have predicted a bigger % drop...with today's historic Yuan news.  

LOL at  your "farmer in the field" proof-of-Trump's-idiocy anecdotes, SFVF.  
^^ As convincing as your Mueller anecdotes.  

I suspect farmers (great folks, by and large) are willing to cut some slack, for the long-term gain.  

https://www.bloomberg.com/news/articles/...s-build-up

& why might farmers be so patient?  Maybe because they think they have a POTUS that (ultimately) has their interest(s) at heart?  Maybe?

Dude you're not keeping up here.  You think Trump is playing the long game??

LMAO 

You think he's fighting for farmers?

LOLOLOLOL

Are you not reading?  China doesn't want nor need to buy from USA.  They have already procured a new supplier.   That's the longterm play.  They walked.  It's a global market, we're not the only game in town.


You think farmers can go 2-3 seasons in a row while selling at a loss?  That they're going to stick it out somehow?  And oh, look who is now getting welfare!  Look who is now embracing socialism!  Government controlled markets and handouts, forcing taxpayers to fund $25 billion in farmer bailouts for problems he caused to begin with .... basically everything Republicans used to stand against.


What's far more comical is watching you boys flip flop away from your party's historical platforms and ideals to justify the colossal fuckup in office that's destroying stock markets, agricultural markets, and telling us all "oh just wait, it's about to get better".

You're literally showing all the symptoms of Stockholm syndrome.