USA Politics

____no5 said:
That’s too bad. I knew about Bezos, but I was’t aware of that. I just checked now. FCC stood their ground.
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And if he had issued an EO they would have complied. And if not, he would fire its head. He operates through threats, and it is clear it has worked. Most are at least partially muzzled.
 
My guess is that the suggestions that Trump will negotiate tariffs will increase stocks a bit today, but when they kick in tomorrow (especially if he levies an additional 50% on China), we'll see a big tumble. Ultimately, none of this will compare to the moment the market realizes US goods are not selling globally as America removes itself from the free trade systems. That will be the true crash.
 
Sold a good chunk of my portfolio assets at a gain a few weeks back and it's currently sitting in cash. Not touching it for any sort of rise knowing the headwinds that still lay ahead.

It's like that brief meteoric rise yesterday that was a result of traders going off a tweet suggesting there would be a 90-day pause on tariffs. Trump can claim he had productive calls with other countries as much as he wants, but there's no evidence anything will come of it. (See: Canada/Mexico from the start of the term.) China indicated they'll play hardball and will raise tariffs back in response.
 
Yeah, if Trump retaliates on China, it's going to drive the markets down more. But again, this is short term stuff. The real damage comes as America enters a recession because everything costs between 10-54% more.
 
Flaming Blimp Crash said:
Sold a good chunk of my portfolio assets at a gain a few weeks back and it's currently sitting in cash. Not touching it for any sort of rise knowing the headwinds that still lay ahead.

It's like that brief meteoric rise yesterday that was a result of traders going off a tweet suggesting there would be a 90-day pause on tariffs. Trump can claim he had productive calls with other countries as much as he wants, but there's no evidence anything will come of it. (See: Canada/Mexico from the start of the term.) China indicated they'll play hardball and will raise tariffs back in response.
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One thing Trump is right about (I mean, he did it for his friends after all) is to BUY now that shares/stocks are down and sell when they go up again. For people lucky enough to "gamble" on the market, things are looking pretty good.
 
I would be very surprised if there is nobody in Trump's closest circuit who are earning big in the stock market these days, by knowing beforehand what the next moronic idea from the White House will be. Selling, and shorting. Preparing to buy at the bottom before Trump et.al. announce that they will revert some of the things that caused the stock market to plummet.

The frustrating part is that none of these criminals will get punished for it in a long time.
 
Dr. Eddies Wingman said:
I would be very surprised if there is nobody in Trump's closest circuit who are earning big in the stock market these days, by knowing beforehand what the next moronic idea from the White House will be. Selling, and shorting. Preparing to buy at the bottom before Trump et.al. announce that they will revert some of the things that caused the stock market to plummet.

The frustrating part is that none of these criminals will get punished for it in a long time.
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They're not earning YET. Everyone is bleeding money. I keep seeing headlines from the economist, financial times, the guardian, etc, that the wealthiest people have lost TRILLIONS in the current upheaval. But they are still in a position to buy low and make up those losses when everything stabilizes.
 
This piece appears in the White House web-page. Astonishing. Not written by Trump, but by a highly educated individual, Chair of the Council of Economic Advisers and student of Martin Feldstein. This is for the history books. I will post here just his main points, of how other Nations could share the burden of helping US continue being their Hegemon:

What forms can that burden sharing take? There are many options, here are a few ideas:
  • First, other countries can accept tariffs on their exports to the United States without retaliation, providing revenue to the U.S. Treasury to finance public goods provision. Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods.
  • Second, they can stop unfair and harmful trading practices by opening their markets and buying more from America;
  • Third, they can boost defence spending and procurement from the U.S., buying more U.S.-made goods, and taking strain off our service members and creating jobs here;
  • Fourth, they can invest in and install factories in America. They won’t face tariffs if they make their stuff in this country;
  • Fifth, they could simply write checks to Treasury that help us finance global public goods.
www.whitehouse.gov

CEA Chairman Steve Miran Hudson Institute Event Remarks

Today I’d like to discuss the United States’ provision of what economists call “global public goods,” for the entire world. First, the United States
www.whitehouse.gov
 
Yes but the key here is that this comes from an Elite person who holds a key position in the Administration. This is not just to please Trump, he believes those things. All these people will not disappear when Trump goes away. This is basically American exceptionalism mindset and it's spread among Republicans and Democrats alike. The rhetoric is different, only.

Remember what happened with the first Trade war? Trump started it but Democrats doubled down. Thus Trump or not Trump whatever happens now, will set the course for decades to come. Or do you think that if, for instance, Trump takes Greenland Democrats will give back later? And so on...
 
This is one thing but seeing how many countries fell for it, is even more frustrating. Especially with statements as the above that countries could “write checks to Treasury that help us finance global public goods” or Trump saying about those countries’ leaders that are “kissing my ass” what the actual fuck.
 
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