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Trump temporarily drops tariffs to 10% for most countries

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Re: Trump temporarily drops tariffs to 10% for most countries

#181
post #144

Announce tariffs, the buddies buy. Announce pause, the buddies sell. Someone just made a truckload of money.

When you say "buddies" what you really mean is "banks", "hedge funds" and "people to whom it was obvious that announced tariffs were bonkers". If you had the foresight and market sense, you could have made money, too. But you were scared, sold low, and now when it came back up, you suddenly found yourself at a loss (or the so-called "unrealised profit") Don't blame the markets.

Of course they were bonkers. You still had to know when the bottom was and when he was going to announce the reversal. Many people assumed he would keep it up for at least a week before pulling back. If he had the market would have pulled back even more. It's easy to time the market when you're from the future.

Re: Trump temporarily drops tariffs to 10% for most countries

#182
Trump has now shown his hand. Even with the tariffs on China remaining, it’s clear that Trump will back down on any extreme positions he takes. So, expect the china tariffs to be backed off soon too (once he gets some concession that he can brandish as a win).

In 3 months, sell your positions, let him play his stupid games and re-buy once he backs down, because he will. Or just hold and ride it out.

10% sounds like where we’ll default to in the long-term because that was the ‘base rate’ for everybody anyway. He just wants to rattle his sabre, especially with China.

It’s quite pathetic, really, but weirdly I feel slightly more calm about the situation now that I realise he hasn’t got the bottle to follow through.

Re: Trump temporarily drops tariffs to 10% for most countries

#183

The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.

Trump didn't back down until after the 30 year auction went well, which doesn't support your hypothesis.

Re: Trump temporarily drops tariffs to 10% for most countries

#184

Earlier quoted context omitted.

It's almost like the whole point is just to enable insider trading on a scale we've never seen before.

Doesn't make much sense, if you're insider trading you profit more if you move one stock a lotlotlot vs all the stocks merely a lot.

Like I said, on a scale we've never seen before.

Re: Trump temporarily drops tariffs to 10% for most countries

#187

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

Think the hope and idea is there’s concrete agreements established before the 90 days are up

What makes you think this?

Separate, possibly unrelated question: what was trump’s goal when he created and rug pulled the Trump coin?

Re: Trump temporarily drops tariffs to 10% for most countries

#188

The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.

Do you have a link or article title for reading about the dropping of tbills

It was in the FT but they reported it as rumour.

Re: Trump temporarily drops tariffs to 10% for most countries

#189
post #78

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

There's definitely going to be another change before 3 months are up.

Yep. He flip flops like a dying fish. There is no way to predict what idea he's going to have 90 days from now.
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