441–450 of 777 posts
I don’t expect Trump to make sane or rational decisions. But can anyone explain why the GOP senate is just standing by? Surely they are getting hit on the effects of the tariffs like everyone else. Doesn’t compute.
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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?
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Are you pretty young? The narrative when it was happening was pretty catastrophic. I remember reading about people not being able to get prescriptions, for example, because no one knew how imports worked. I don't know how things panned out, but the discussions in the early days around Brexit were absolutely on par or even worse than what we're seeing in these two days of discussions around tariffs.
I don't know what 'pretty young' is, apart from condescending, but I voted in it, so I remember as well as you do I imagine. Regardless of contemporaneous comparisons, the up-thread comment I initially replied to suggested there was some ongoing worse 'crisis' in the UK than the current situation in the US, if they meant to refer to Brexit it was not clear at all, regardless of whether anyone things that's an ongoing…
'Pretty young' would imply maybe you haven't been voting for very long, and are likely under 25.
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I was bringing this up with a guy yesterday who was genuinely supporting the policies and somebody chimed in that they were not worried at all, because everyone wants to trade with the big boy in town. Trust is not important if they are afraid of you (I'm paraphrasing). Quite a different perspective, but it is consistent with an observation I made about a lot of US comments, people are quite happy for their country/g…
Devil’s advocate: If you (the US) massively subsidize the world order through your financial markets, military defense, and foreign aid, it’s only fair that you get to take advantage of your position. Historically, the US has done this at the expense of its working class. Now there is a populist feeling that we are owed a long due “payback” for our generosity. The Bernie/AOC left believe the payback is owed by our el…
People don't want to admit wealth distribution is the problem because that would make them "communists". It's an emotional response. I'm scared how far they take it.
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The vision is to convert the American economy from one with infinite profit margins (ads and software) to a manufacturing one with single percentage profit margins and limited growth potential due to tariff environment. So I think a 80-90% drop in the overall market value is justified.
I don't think these tariffs would affect software. ?
Do you think that Apple, Google, Fb will be able to continue operating in the EU as frictionlessly as they do today ?
US software now has to respect borders.
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Reversing the actions would require either a 2/3 veto proof majority or Trump realizing he is wrong, both of which will probably take a while...
I don't think this is quite true. Because these tariffs have been levied under the guise of a national emergency, they technically need to be confirmed by the legislature within X number of days. The House is playing tricks to not hold a vote, and I'm not sure if they need cloture in the senate, but I don't think they need 2/3 to slap the tariffs down.
https://www.congress.gov/119/bills/hres211/BILLS-119hres211r... - see page 4
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I was bringing this up with a guy yesterday who was genuinely supporting the policies and somebody chimed in that they were not worried at all, because everyone wants to trade with the big boy in town. Trust is not important if they are afraid of you (I'm paraphrasing). Quite a different perspective, but it is consistent with an observation I made about a lot of US comments, people are quite happy for their country/g…
Yeah, that's an idiotic take... The US has benefited massively from soaking up the best brains globally. That's not going to keep happening; I have plenty of colleagues already who are refusing to travel to the US. We may well even swing into brain drain as Trump et al move closer to executing their cultural revolution. Meanwhile, all those other countries will start trading more with each other. The US stands to be…
I highly doubt people were ok with that because the US had low tariffs on their countries exports to the US.
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They are the least isolationist they have to sell their goods, often by building the roads that carry them.
I think term is protectionist ? Not an economist.
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The US wasn't even in a crisis until 2025. We weren't in a stellar position (high deficits and debt, low unemployment but high underemployment). It was all recoverable before Trump started this trade war and doing things like cutting departments that actually brought in revenue.
> was all recoverable The debt was never recoverable