Trump was the emotional vote, and he is governing emotionally.
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Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
31–40 of 205 posts
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#32I wonder if he and his friends opened a bunch of options the morning of and are now collecting their winnings... he does have a bunch of crypto pump and dumpers as advisors.
Or short sell one day before the tarriff announcements.
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#33I wonder if he and his friends opened a bunch of options the morning of and are now collecting their winnings... he does have a bunch of crypto pump and dumpers as advisors.
I would think that it would be put options wouldn't it? Aren't puts the ones where you want the stock to go down?
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#34There are two silver linings to all this: 1. The evisceration of American soft power will really diminish the direct and indirect harm the US intentionally and unintentionally causes. Just look at China, South Korea and Japan deciding to respond to tariffs together [1]. That is an absolutely astonishing event given fairly recent history. Future retellings of history will correct portray the US as the actual Evil Empi…
From the first paragraph of your linked article:
> BEIJING, March 31 (Reuters) - China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion.
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#35I wonder if he and his friends opened a bunch of options the morning of and are now collecting their winnings... he does have a bunch of crypto pump and dumpers as advisors.
You're thinking of Puts and Put-ins. However it would be funny if they did calls.
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#36I wonder if he and his friends opened a bunch of options the morning of and are now collecting their winnings... he does have a bunch of crypto pump and dumpers as advisors.
I would think that it would be put options wouldn't it? Aren't puts the ones where you want the stock to go down?
they have terrible names. I can never remember. A put option I think gives me the right to sell you a stock at a price.
So say, ACME is trading at 110. I can buy the right to sell you ACME at 100. You say ok because it's at 110.
But then ACME crashes to 50.
I buy it at 50 and you are on the hook to buy it from me at 100.
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#37Earlier quoted context omitted.
Does anyone here know what is the impact of this for Lesotho in practice? I found an article[1] but perhaps someone here knows more or is there in person. > Lesotho exported $237m of goods last year to the US and imported $2.8m. Agoa[2], which has allowed tariff-free access to the US market for thousands of product types since 2000, created a thriving garment industry, accounting for about 20% of GDP. > There are abo…
I want the people who work to make the things I use to earn more than $150 per month. A sane tariff policy would be set up to penalize these very low wage exporters to give competitive advantage to exporters and local producers with higher wages but also to incentivize higher wages in a way that set rates make producers more profitable if they paid workers more (and likewise other human development and environmental…
This makes sense. I think even MAGA might agree if you pitch it as "we use tarrifs to prevent American labor from being undercut.
But it is clear that the reasoning here is "I want tarrifs, how do I easily get them". And then they found the easiest possible way to say something about 'countries putting a tarrif on the US'.
The stupid theory behind this is effectively: not having a minimum wage is equivalent to putting a tarrif on the US. Which would suggest that the low US minimum wage is actually already a tarrif on the EU.
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#38I feel bad for Lesotho- 50% is tough.
Yeah, it sucks and I bet these countries won't forget this for a very long time.
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#39It makes plenty of sense if you consider that it wasn't designed to benefit the US, but rather to drive US trade to our competitors.
Considering how open they've been about their clear conflicts of interest (Trump launching a cryptocurrency on day 1 of his presidency, being in charge of a publicly traded company that he's made no effort to remove himself from, and the Diablo cheater being in charge of a department that gets to determine "efficiency" while also bidding on government contracts), I think we should really consider the possibility that…
Too bad oversight is "inefficient"
Re: Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error
#40Earlier quoted context omitted.
Does anyone here know what is the impact of this for Lesotho in practice? I found an article[1] but perhaps someone here knows more or is there in person. > Lesotho exported $237m of goods last year to the US and imported $2.8m. Agoa[2], which has allowed tariff-free access to the US market for thousands of product types since 2000, created a thriving garment industry, accounting for about 20% of GDP. > There are abo…
I want the people who work to make the things I use to earn more than $150 per month. A sane tariff policy would be set up to penalize these very low wage exporters to give competitive advantage to exporters and local producers with higher wages but also to incentivize higher wages in a way that set rates make producers more profitable if they paid workers more (and likewise other human development and environmental…
"incentivize higher wages in a way that set rates make producers more profitable if they paid workers more"
That sounds amazing..how would that work?