Cal88 said:
Things could get a lot more interesting in a bad way if there is a flareup with Iran next month, Trump is engaging in a bit of dangerous if not reckless brinksmanship.
This is a Global Economic Reset.
— Stack Hodler (@stackhodler) April 4, 2025
Trump and Bessent are orchestrating a grand economic reordering on US terms.
And investors are scrambling to adapt.
This is not the time to be a deer in headlights.
The investors who adapt quickly to the changing reality will be the biggest… pic.twitter.com/3kv4tLrE9c
People keep saying Trump is “leveling the playing field” because other countries tariff us more than we tariff them.
— The Wolf Of All Streets (@scottmelker) April 4, 2025
That’s partly true – some nations do have higher tariffs.
But the U.S. also enjoys a massive edge:
We export the global reserve currency.
They send goods. We…
Cal88 said:
This one's for Bearister:
I'm not sure if you specifically are making this argument, but I've seen it making the rounds on Twitter, etc.: "Who cares if the stock market fails? I don't have stock LOL!" It's so dumb.Cal88 said:
sycasey said:I'm not sure if you specifically are making this argument, but I've seen it making the rounds on Twitter, etc.: "Who cares if the stock market fails? I don't have stock LOL!" It's so dumb.Cal88 said:
If the market tanks, then companies are less likely to hire and more likely to do layoffs. That's bad for you whether or not you have stock.
Cal88 said:
As to the point above, it's more about the increase in business costs and added friction from the tariffs that is the factor for employment than the stock market, the effects of a stock market drop are relatively less important on main street. For instance, the increase in lumber costs due to tariffs on Canadian imports or on vinyl flooring or rooftop material made in China, excavators made in Japan, trucks etc is going to result in fewer homes getting built.
The White House just issued this statement:
— Republicans against Trump (@RpsAgainstTrump) April 5, 2025
“The President won his second round matchup of the Senior Club Championship today in Jupiter, FL, and advances to the Championship Round tomorrow.”
How’s this real life? pic.twitter.com/xZfS7RPsNl
Quote:
WASHINGTON, April 4 (Reuters) - U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the "perfect time" to do so.
"CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!," Trump said on Truth Social.
chazzed said:
He is choking the economy, but fret not: he "won" his matchup in the tournament.The White House just issued this statement:
— Republicans against Trump (@RpsAgainstTrump) April 5, 2025
“The President won his second round matchup of the Senior Club Championship today in Jupiter, FL, and advances to the Championship Round tomorrow.”
How’s this real life? pic.twitter.com/xZfS7RPsNl
Talked with a few friends this evening who are in different companies/sectors. Basically, if they don't provide some clarity this weekend on the tariffs - show some movement based on negotiations - we are heading into a recession. From Monday, companies are taking firm actions to…
— DOGE Patel (@CapitalPatel) April 5, 2025
I took a deep dive into the tariff-triggered stock sell-off and how incredibly grim it is. When you look at which companies have declined the most, it's extremely recessionary, with consumer staples hit hardest. pic.twitter.com/sAuNoqh9JP
— Nate Silver (@NateSilver538) April 4, 2025
chazzed said:
He is choking the economy, but fret not: he "won" his matchup in the tournament.The White House just issued this statement:
— Republicans against Trump (@RpsAgainstTrump) April 5, 2025
“The President won his second round matchup of the Senior Club Championship today in Jupiter, FL, and advances to the Championship Round tomorrow.”
How’s this real life? pic.twitter.com/xZfS7RPsNl
DiabloWags said:Cal88 said:
As to the point above, it's more about the increase in business costs and added friction from the tariffs that is the factor for employment than the stock market, the effects of a stock market drop are relatively less important on main street. For instance, the increase in lumber costs due to tariffs on Canadian imports or on vinyl flooring or rooftop material made in China, excavators made in Japan, trucks etc is going to result in fewer homes getting built.
A terribly uneducated and bogus claim.
You complete discount and essentially IGNORE the FACT that consumer spending makes up 68% of GDP.
And guess who accounts for roughly HALF of all consumer spending in America?
The Top 10%
And guess who owns 87% of the U.S. stock market?
The Top 10%
Consumer spending just took a MASSIVE HIT.
Duh.
DiabloWags said:
Boomerish?
Im stating FACTS.
Bessent admits that he wasnt even part of the "inner circle" that created these tariffs.
He also claimed that China's Deep Seek AI is what caused the market collapse. That announcement was made back in JANUARY.
Why you give him any credibility at all speaks volumes.
It makes you look terribly foolish.
Almost as ignorant as that movie clown character.
He was also partners with Soros in the 90's.
Soros bad.
Musk good.
Cal88 said:
The video of Bessent I posted above addressed the fact that among Americans the top 10% own 88% of the stock market, while the bottom half owns nothing and is indebted. And the fact that the top 10% as you have stated represents 68% of consumption is even more troubling.
You grew up at a time where a house cost $50k and tuition at Cal was a few hundred dollars per quarter. Since then the middle class has been gutted.
Once again, I don't think the tariff policy has been properly implemented, but at least I recognize that the policy makers seem to acknowledge that there is a fundamental problem in the economy today.
DiabloWags said:Cal88 said:
The video of Bessent I posted above addressed the fact that among Americans the top 10% own 88% of the stock market, while the bottom half owns nothing and is indebted. And the fact that the top 10% as you have stated represents 68% of consumption is even more troubling.
You grew up at a time where a house cost $50k and tuition at Cal was a few hundred dollars per quarter. Since then the middle class has been gutted.
Once again, I don't think the tariff policy has been properly implemented, but at least I recognize that the policy makers seem to acknowledge that there is a fundamental problem in the economy today.
This Administration is full of MORONS.
How can you not see that?
I got my hair cut yesterday.
My hair stylist told me that her brokerage account is down $85,000 in the last month.
She's not in the Top 10%.
She's middle-class.
DiabloWags said:Cal88 said:
The video of Bessent I posted above addressed the fact that among Americans the top 10% own 88% of the stock market, while the bottom half owns nothing and is indebted. And the fact that the top 10% as you have stated represents 68% of consumption is even more troubling.
You grew up at a time where a house cost $50k and tuition at Cal was a few hundred dollars per quarter. Since then the middle class has been gutted.
Once again, I don't think the tariff policy has been properly implemented, but at least I recognize that the policy makers seem to acknowledge that there is a fundamental problem in the economy today.
This Administration is full of MORONS.
How can you not see that?
I got my hair cut yesterday.
My hair stylist told me that her brokerage account is down $85,000 in the last month.
She's not in the Top 10%.
She's middle-class.