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Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

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Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#331

Post by 8note »

gonzo41 wrote: post #184
owebmaster wrote: post #161

Earlier quoted context omitted.

> I'm tempted to think (hope? dream?) that the markets and trade will rebound if all this chaos makes American politics swing back The pump'n'dump scheme against Ukraine will forever change how small countries see the US support for democracy, even if it changes back to the previous status-quo.

The US treatment of Ukraine is having a massive impact on how everyone thinks about security. All the US had to do was supply it's old weapons to Ukraine whilst replenishing it's stock (creating jobs in America) and things would have been fine. Now we're all in a world were Europeans are openly talking about developing nuclear weapons. Taiwan is totally on it's own, and Greenland is worried about being annexed. There…

canada is also worried about being annexed, and that nato partners wont heed the call to article 5 against a US invasion and naval blockade

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#332

Post by ameetgaitonde »

sebmellen wrote: post #262
percentcer wrote: post #225

Earlier quoted context omitted.

Why is it important to force reindustrialization?

Let’s axiomatically presume that vertical integration (of your supply chain, manufacturing, software development, labor force, etc.) is the key to “innovation” in the abstract. You can see this starting to happen with BYD, the Chinese electric car company, for example. With the above in mind, let’s say your goal as a country is to develop your industries so you can achieve broad vertical integration. Soft economic as…

What makes you think the United States has lost hard economic assets? Also, have you considered that there are different types of innovations, that are affected by the structure of an economy and its research institutions?

The US has dominated radical innovations, China has excelled in incremental innovations. We're potentially throwing away our advantage in the former by decimating our research capacity (something conspicuously absent in your concept of what drives innovation), and there is no clear plan to take the necessary steps to rebuild our capacity in the latter.

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#333

Post by blatantly »

Cheap stocks people. Got my eye on some that below a certain price it would be a no brainer to buy. Global trade is rerouting around the bottleneck.

Didn't think there would be an opportunity so soon after March 2020.

Got my eye on a tech stock that has dropped about 40% already but was undervalued before IMO.

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#334

Post by dboreham »

gonzo41 wrote: post #184
owebmaster wrote: post #161

Earlier quoted context omitted.

> I'm tempted to think (hope? dream?) that the markets and trade will rebound if all this chaos makes American politics swing back The pump'n'dump scheme against Ukraine will forever change how small countries see the US support for democracy, even if it changes back to the previous status-quo.

The US treatment of Ukraine is having a massive impact on how everyone thinks about security. All the US had to do was supply it's old weapons to Ukraine whilst replenishing it's stock (creating jobs in America) and things would have been fine. Now we're all in a world were Europeans are openly talking about developing nuclear weapons. Taiwan is totally on it's own, and Greenland is worried about being annexed. There…

Quick note that Europeans have had nuclear weapons since 1945.

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#335

Post by ants_everywhere »

inatreecrown2 wrote: post #160

Isn't it obvious that Trump's goal are not these tariffs, but renegotiated trading agreements? But everybody just seems to love to proclaim this the end of US.

No I think the goal is to isolate the US and make it no longer a global power. That's explicitly the goal of several powerful people who were instrumental in Trump's rise to power.

This includes not only foreign adversaries (and those who work for them) who helped Trump, but also ideological crypto currency fans who fantasize about ending the idea of nation states in general.

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#336

Post by telchior »

Majromax wrote: post #92
walterbell wrote: post #23

2024 paper (40 pages) by Stephen Miran, current chair of the Council of Economic Advisers, which has influenced tariff policy, https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese... The root of the economic imbalances lies in persistent dollar overvaluation that prevents the balancing of international trade, and this overvaluation is driven by inelastic demand for reserve assets. As global GDP grows, it beco…

I know that a quotation is not necessarily an endorsement, but this is a fantastically short-sighted idea. > it becomes increasingly burdensome for the United States to finance the provision of reserve assets How dare countries want pictures of dead Presidents so badly that... they're willing to send real goods to the United States for its consumption, with no expectation of reciprocation. > and the defense umbrella…

> unfathomable that a nation in such a privileged position would decide it's tired of such a systematic set of advantages.

That's just the thing, you've got it exactly backward! The US has been "looted, pillaged, raped and plundered by nations near and far," and it's far less rich than it should be.

Icarus is taking flight, the rest of the universe better watch out. And for those stuck getting carried along toward the sun... tough shit, there's not going to be enough time to convince a population of born and bred narcissists that it's really hot up there before the meltdown.

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#337

Post by tjbiddle »

JackYoustra wrote: post #233
gU9x3u8XmQNG wrote: post #50

Earlier quoted context omitted.

100% agree with this perspective. It’s surprising how few others seem to note this. Thanks for posting it.

Why would shareholders want to tank the value of their shares?

Buy the dip?

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#338

Post by [deleted] »

Vegenoid wrote: post #195
paxys wrote: post #172

Earlier quoted context omitted.

The next president is going to be Trump. If people don't think that's at least a serious possibity they are extremely deluded about the situation the country is in right now.

We have repeatedly seen Trump say something that sounds ridiculous, and his supporters say "that won't actually happen, and if it does I won't support it", and then he does it and his supporters support it. He has recently said he may try for another term as president, and confirmed "No, no I'm not joking". If you don't take his threats seriously by now, and the willingness of the GOP to get behind whatever he wants,…

[deleted]

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#339

Post by mathfailure »

kalkin wrote: post #271
mathfailure wrote: post #252

Earlier quoted context omitted.

Exactly. Europe thinks it may join Ukraine in a war against Russia to actually win that war. My point is that this is quite a reason why a nuke war may occur. And if U.S. turns back away from Europe - Europe might 'sober up' and not seek the prolongation of a conflict. Non-nuke wars end somehow. One side usually loses, without such a loss - there would be no end for the war and more and more people would die. A bitte…

There's nothing in my comment to "exactly" in support of your point. If the US backs away from Europe it may be more likely to encourage Ukrainian surrender. Russia may be more likely to attack Poland. Germany may be more likely to develop its own nuclear deterrent. Or none of these things may happen. Extrapolating from tariffs to world peace demands a bit more than loose speculation at the continental level.

Surely there is:

> Europe clearly at least has a shot

I doubt Europe would be that cocky without a full support from their "big bro" from across the ocean.

As for attacking Poland - that sounds quite uncalled for: Poland doesn't have a meaningful share of Russian natives living there historically for the Poland to start oppressing them to the point Russia would start a war against Poland. I can't even think of any reason why Russia would attack Poland.

Re: Trump's Tariffs Wipe Out over $6T on Wall Street in Epic Two-Day Rout

#340

Post by insane_dreamer »

outer_web wrote: post #28
lreeves wrote: post #10

You know the craziest thing about watching this as an outsider in Canada is that we as a nation are losing one reliable trading partner (and obviously losing an ally but that's another conversation). Germany - losing a trade partner. Japan? And so on. But the US has lost 180 reliable trading partners. You're already seeing in the first week burgeoning trade alliances between nations who wouldn't have cooperated befor…

I think less 4d chess and more Erlich Bachman school of negotiation. Bullying people in inferior bargaining positions has somehow worked thus far.

Also for many countries it can’t be remedied because the tariffs are based on trade imbalances (not reciprocal, that is a lie). What does the US make that Cambodia needs/wants? There’s no way for them to close the gap on trade other than to stop selling to the US.
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