More TARIFFS

53,438 Views | 845 Replies | Last: 1 day ago by DiabloWags
cal83dls79
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movielover said:

HearstMining said:

movielover said:

We should set up a special visa program and skilled worker database for skilled machinists from Germany. Their manufacturing is imploding, we should capitalize on the opportunity. Win win.

Haven't you heard? USA is only allowing White South African farmers into the country.


Racist Democrat propoganda.

We should also set up specific visas for occupations like cobblers. A wave of cobblers are retiring, offer 20-50,000 cobbler visas, and require they work in that field for 10+ years. Go into construction?, send them.home.
we could set up ICE-CSU. Ice Cobbler Special Unit to ensure said cobblers are cobbling as agreed to.
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Eastern Oregon Bear
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cal83dls79 said:

movielover said:

HearstMining said:

movielover said:

We should set up a special visa program and skilled worker database for skilled machinists from Germany. Their manufacturing is imploding, we should capitalize on the opportunity. Win win.

Haven't you heard? USA is only allowing White South African farmers into the country.


Racist Democrat propoganda.

We should also set up specific visas for occupations like cobblers. A wave of cobblers are retiring, offer 20-50,000 cobbler visas, and require they work in that field for 10+ years. Go into construction?, send them.home.
we could set up ICE-CSU. Ice Cobbler Special Unit to ensure said cobblers are cobbling as agreed to.
Yes, we must take every available measure to prevent shortages of peach and blueberry cobblers. I'm willing to sacrifice rhubarb cobblers if necessary.
bearister
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Daniel Day Lewis is a trained cobbler (in Italy).


*Knowing facts like that torments my brain, which has the texture of a fine Swiss cheese.
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Send my credentials to the House of Detention

“I love Cal deeply. What are the directions to The Portal from Sproul Plaza?”
Cal88
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cal83dls79 said:

movielover said:

HearstMining said:

movielover said:

We should set up a special visa program and skilled worker database for skilled machinists from Germany. Their manufacturing is imploding, we should capitalize on the opportunity. Win win.

Haven't you heard? USA is only allowing White South African farmers into the country.


Racist Democrat propoganda.

We should also set up specific visas for occupations like cobblers. A wave of cobblers are retiring, offer 20-50,000 cobbler visas, and require they work in that field for 10+ years. Go into construction?, send them.home.

we could set up ICE-CSU. Ice Cobbler Special Unit to ensure said cobblers are cobbling as agreed to.


I guess they can cobble that together.
movielover
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Exactly. MAGA / MAHA.
DiabloWags
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Republican South Carolina House of Rep Ralph Norman admits that prices are higher under Trump, "but it's for the good of the Country"

Another MAGA moron.
Lmfao.

https://www.msn.com/en-us/news/politics/south-carolina-republican-high-prices-are-for-the-good-of-the-country/ar-AA1KeIBs?ocid=msedgdhp&pc=DCTS&cvid=a5f98197677e497e8198d0c6af84efb1&ei=35&fbclid=IwQ0xDSwMFuNFjbGNrAwW4bGV4dG4DYWVtAjExAAEeWUCJqFVA8mxYQGmKG8wQ3oPkfBHTSQ_vUr30TKxENN2NaNKXMnNyrASN47o_aem_CudeYZyP2yHhUDr6PZgsKw
movielover
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DiabloWags
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Let's call it what it is.
That's called industrial EXTORTION.
movielover
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It's called MAGA.
DiabloWags
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MAGA FOR MORONS.
DAF.

"It's not just American consumers who are set to pay for Donald Trump's trade war. Small US companiescritical to the economy as a source of more than half of its job creationare about to get clobbered, too.

The US Chamber of Commerce estimated this month that the country has about 236,000 small-business importersthose with fewer than 500 employees. In 2023, the goods they bought from abroad were worth more than $868 billion.

They now face a combined annual tariff hit of $202 billion and are finding it difficult to navigate all the red tape required to comply with the president's levies (the legality of which is yet another variable, given ongoing litigation)."
DiabloWags
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movielover said:

It's called MAGA.


Its called pure IDIOCY.
movielover
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"Chamber of Commerce."
movielover
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CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries
DiabloWags
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movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


For the Trumpanzees who know nothing about the economy:

Core CPI (that excludes food and energy prices which are more volatile) rose by 3.1% over the past 12 months.
Economists polled by FactSet had predicted a 3% increase for that measure.

THIS IS THE HIGHEST LEVEL IN 5 MONTHS.






DiabloWags
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Ummmm.... first off, export taxes are unconstitutional.

Second, pay-to-play doesn't make the security risks go away.

This is without a doubt the DUMBEST PRESIDENT in my lifetime.



Analysis-Trump's unusual Nvidia deal raises new corporate and national security risks, lawmakers and experts say
bear2034
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DiabloWags said:

movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


For the Trumpanzees who know nothing about the economy:

Core CPI (that excludes food and energy prices which are more volatile) rose by 3.1% over the past 12 months.
Economists polled by FactSet had predicted a 3% increase for that measure.

THIS IS THE HIGHEST LEVEL IN 5 MONTHS.

STOCK MARKETS CLOSE AT RECORD HIGHS AS STOCKS SURGE AFTER CPI REPORT BOOSTS RATE CUT HOPES.
DiabloWags
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bear2034 said:

STOCK MARKETS CLOSE AT RECORD HIGHS AS STOCKS SURGE AFTER CPI REPORT BOOSTS RATE CUT HOPES.


bear2034 said:

Inflation year over year is up 0.2% in July but the number was much lower than expected.
U.S. inflation remains 2.7%



And once again you have no idea what you're talking about when it comes to the CPI report.
Your reading comprehension is still extremely poor.

Did you really go to Cal?
lol





CPI rose in July by 2.7% on an annual basis. Here's what that means. - CBS News
oski003
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movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


This is a correct statement and explains why the market was up 1.25% today. Some demented folks have too much pride to accept when someone else is right, and they are wrong.
DiabloWags
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oski003 said:

movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


This is a correct statement and explains why the market was up 1.25% today. Some demented folks have too much pride to accept when someone else is right, and they are wrong.


Says the guy that used an earnings estimate from Robinhood for Tesla to figure out that they had beaten estimates.
The stock collapsed 9% the next day.

BWAHAHAHAHAHAHAHAHAHAAAAAAA!

oski003
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DiabloWags said:

oski003 said:

movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


This is a correct statement and explains why the market was up 1.25% today. Some demented folks have too much pride to accept when someone else is right, and they are wrong.


Says the guy that used an earnings estimate from Robinhood for Tesla to figure out that they had beaten estimates.
The stock collapsed 9% the next day.

BWAHAHAHAHAHAHAHAHAHAAAAAAA!




Says the guy who doesn't understand why TSLA dropped. The Stock went up after the ER numbers and dropped because of vague forward guidance. Since then, it has recovered back to $340.

BWAHAHAHAHAHAHAHAHAHAAAAAAA!
DiabloWags
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oski003 said:



Says the guy who doesn't understand why TSLA dropped. The Stock went up after the ER numbers and dropped because of vague forward guidance. Since then, it has recovered back to $340.




Yes, it dropped because of crappy guidance.
But you were clueless.

Thanks for admitting that.
oski003
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DiabloWags said:

oski003 said:



Says the guy who doesn't understand why TSLA dropped. The Stock went up after the ER numbers and dropped because of vague forward guidance. Since then, it has recovered back to $340.




Yes, it dropped because of crappy guidance.
But you were clueless.

Thanks for admitting that.



And thank you for admitting you are demented. Have a nice evening.
movielover
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I had an Oski piggy bank as a child, it was neither grumpy or demented.
Cal88
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Good overview of the effects of tariffs from an equipment importer based in China. 2/3 of the tariffs to be absorbed by consumers, and the effects (inflation, lower economic activity) should start this Fall.

DiabloWags
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movielover said:

I had an Oski piggy bank as a child, it was neither grumpy or demented.


But did it "stalk" people on the internet\ who were proven to be 5000 times smarter than them?

movielover
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DiabloWags said:

movielover said:

I had an Oski piggy bank as a child, it was neither grumpy or demented.


But did it "stalk" people on the internet\ who were proven to be 5000 times smarter than them?




...
DiabloWags
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oski003 said:

movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


This is a correct statement and explains why the market was up 1.25% today.


Yeah, must have been the CPI coming in at 2.7% instead of 2.8%

It's funny watching someone that knows very little about the financial markets give "reasons" for price behavior.
lol
oski003
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DiabloWags said:

oski003 said:

movielover said:

CNBC: Consumer prices rise 2.7% annually in July, less than expected amid tariff worries


This is a correct statement and explains why the market was up 1.25% today.


Yeah, must have been the CPI coming in at 2.7% instead of 2.8%

It's funny watching someone that knows very little about the financial markets give "reasons" for price behavior.
lol




It's funny watching someone that thinks they are an expert in financial markets be wrong on their predictions every single freaking time. I am sure you were better at this when you were fully functioning upstairs.
lol
DiabloWags
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CORE PPI SURGES TO A 3-YEAR HIGH.

SO MUCH FOR TARIFFS NOT CAUSING ANY INFLATION.

IDIOTS.

oski003
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DiabloWags said:

CORE PPI SURGES TO A 3-YEAR HIGH.

SO MUCH FOR TARIFFS NOT CAUSING ANY INFLATION.

IDIOTS.




I agree with two things:


1) The PPI, less FOOD, ENERGY, and TRADE is up 0.6%; and
2) The people, wherever they may be, that said tarriffs would cause zero inflation are idiots.

Interesting.
DiabloWags
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I wonder who Trump will fire now?


Producer Price Index Home : U.S. Bureau of Labor Statistics


Producer Price Indexes: Overview

The Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output. Most of the information used in calculating producer price indexes is obtained through the systematic sampling of industries. In the mining and manufacturing sectors, price information from virtually every industry is captured. By contrast, although PPI coverage of the service sector of the economy is substantial at roughly 70 percent of total sector revenue, it is incomplete. The PPI program also includes data that track other sectors of the economy: agriculture, fishing, forestry, utilities (natural gas and electricity), and construction.

As of January 2024, the PPI program included the following indexes:

  • Price indexes for approximately 500 mining, forestry, utility, construction, manufacturing, and services industries; indexes for over 500 groupings of industries; and nearly 3,700 indexes for specific within-industry product and service categories.
  • More than 3,700 commodity price indexes for goods and about 900 for services (seasonally adjusted and not seasonally adjusted), organized by product, service, and end use.
  • Over 600 indexes for aggregate measures of price change, including the aggregation system for final demand intermediate demand (FDID).
Together, these elements constitute a system of price measures designed to meet the need for both aggregate information and detailed applications, such as following price trends for specific industries and products, as well as the need for tracking price movements at a more aggregated level relative to the overall economy.
cal83dls79
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From a NYTimes reader:

Old Bank Guy here.

I like to track Debt World as opposed to the stock market. Let's take a look:
(1) margin debt now exceeds $1trillion, a new record;
(2) Private Credit--i.e., unregulated commercial lending--is reportedly running out of attractive candidates for its money;
(3) Sub-prime auto loans--a useful indicator of the financial health of many American families--are groaning under the weight of increasing delinquencies;
(4) credit-card debt and delinquencies have also risen;
(5) stakes in Private Equity portfolios--the debt-driven destroyers of American enterprise--are about to be approved for inclusion in 401(k)s;
(6) Trump has finally found a use for crypto as fodder for a National Reserve, displaying the now-discredited tulip bulbs.
(7) many families still lack the ready resources to deal with a $400 emergency; and
(8) Trump's tariff war risks alienating our (investing) allies who are critical props to the Treasury market and thus the interest burden on our national debt.

Sounds like the perfect storm to me.
Priest of the Patty Hearst Shrine
dajo9
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cal83dls79 said:

From a NYTimes reader:

Old Bank Guy here.

I like to track Debt World as opposed to the stock market. Let's take a look:
(1) margin debt now exceeds $1trillion, a new record;
(2) Private Credit--i.e., unregulated commercial lending--is reportedly running out of attractive candidates for its money;
(3) Sub-prime auto loans--a useful indicator of the financial health of many American families--are groaning under the weight of increasing delinquencies;
(4) credit-card debt and delinquencies have also risen;
(5) stakes in Private Equity portfolios--the debt-driven destroyers of American enterprise--are about to be approved for inclusion in 401(k)s;
(6) Trump has finally found a use for crypto as fodder for a National Reserve, displaying the now-discredited tulip bulbs.
(7) many families still lack the ready resources to deal with a $400 emergency; and
(8) Trump's tariff war risks alienating our (investing) allies who are critical props to the Treasury market and thus the interest burden on our national debt.

Sounds like the perfect storm to me.

One of the problems of extreme wealth inequality is that the wealthy need to find investments for their wealth. All too often the invest becomes aggressive lending (this is the underlying reason for the 2008 Great Recession). So you see extreme debt and a constant downward pressure on interest rates as because the supply available for lending is so high. It creates financial volatility and is a drag on growth because the middle class is starved of funds to consume / invest.
movielover
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And the Feds pushed risky lending to unqualified buyers. No money down mortgages? (90 / 10?)
DiabloWags
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Trump to set tariffs on semis in the next few weeks. Says they could be as high as 300%, except for INTC.

Pay for Play for NVDA and AMD.

Extorting Corporate America Trump style.
Govt wants its cut!!!


 
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