451–460 of 1001 posts
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.
I'd say you should brace yourself for rides like this for the next 45 months.
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
It could all be refinanced to three month bills without any issue at all.
Ultimately balance sheets have to balance. In a floating exchange rate system there is no aggregate out.
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.
>I'm more focused on upping my cash reserves and bracing myself for a recession. I'm doing the same because I'm legitimately in fear of both economic troubles and/or losing my job as a result of all this uncertainty. I have cut my personal spending to nearly zero aside from essentials and have been hoarding my money. It's the only sensible option when planning for one's future becomes impossible.
I have been in the job market since 1996 and had to find a job both last year and the year before. I’m on my 10th job. None of the fundamentals ever change:
Live below your means so you can take a job that pays less than you are making, keep an emergency fund, keep an updated resume and career document. Also keep an active network and always be interview ready.
Also play the political game at your job and be sure to be in profit centers not cost centers. Market yourself both internally and externally.
The stock market today seriously reeks of insider trading. Most stocks were down pre-market, but suddenly went up at 9:30 when the big boys joined the trading. And that right after the announcement of further escalation with China. I was really wondering about that, but it seems clear in retrospect that some people were ahead of the curve by a few hours.
I’m convinced this was his plan all along, and his friends were all in it.
Earlier quoted context omitted.
EU has already had tariffs on US goods for a long time.
Not as broadly to that extent though. Trump's tariffs are 10% of anything, so Europe will reciprocate in kind.
What percentage is VAT in Europe? Typically around 20%? Maybe Trump should enact a 10% sales tax instead of a tariff and then everyone would obviously be completely fine with it, problem solved.
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.
We are in for this ride, at indefinite intervals, for the next 3.75 years. Well, unless congress grows a collective sack (unlikely) or President Trump comes to his senses on macro economics (past experience suggests this is impossible). > How are businesses supposed to plan anything in this environment? They cannot. This is how you can tell Trump was never a real businessman, but rather a TV host and a celebutante. I…
We in Argentina feel for you: it's exactly the same for us, replacing Trump with Milei. And with the added humiliation of Milei being a lapdog to Trump.
This phrase of yours "unless congress grows a sack" is exactly how we feel about our own congress in Argentina.
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
That doesn't pass muster. If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection.
Announce a controversial decision. See if it sticks. If not, claim it was a joke and you never meant that. Drama, manipulation, and a US government tactic, all in one.
Except they implemented the decision and are responding to countries’ willingness to negotiate fair trade terms, just like with Mexico. Nobody is saying “just joking”. If people weren’t 1000% dismissive of the leader’s stated intentions they might be able to follow along. It’s been crystal clear to me that the goal has always been to renegotiate trade terms not to live in a world with persistent reciprocal tariffs.
Art of the deal. Thank you President Trump!