He's turned the US stock market into the same model as China's - the entire up/down rests on the leaders words.
Which makes them fairly uninvestable.
Trump temporarily drops tariffs to 10% for most countries
61–70 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#62He said FAKE NEWS literally just a day ago.... This man cannot be trusted about anything
Re: Trump temporarily drops tariffs to 10% for most countries
#63If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...
when the market dropped 1100 points in a day was the time to buy. Buy the DIP!!!
Always buy the dip. Because if the dip keeps dipping long enough you got other problems to deal with.
Re: Trump temporarily drops tariffs to 10% for most countries
#64So he's basically gaming the market with insider trading.
Did you expect something else?
Re: Trump temporarily drops tariffs to 10% for most countries
#65[flagged]
Textbook. His textbook. Art of the deal. He's not unstable, just very aggressive. He did have a plan. We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them.
Exactly. He has run a lot of businesses in the past, with consistent results. When running the US, he'll apply similar strategies, and we'll have a similar result.
Re: Trump temporarily drops tariffs to 10% for most countries
#66Announce tariffs, the buddies buy. Announce pause, the buddies sell. Someone just made a truckload of money.
Re: Trump temporarily drops tariffs to 10% for most countries
#67How can anyone take him seriously on this sort of stuff? He flip/flops constantly. If he isn't a serious negotiator, other countries/companies aren't going to take his threats seriously.
*How can anyone take the US seriously? Also see: https://www.bbc.com/news/articles/c5yrr0e7499o > Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs. > Governments sell bonds - essentially an IOU - to raise money from financial markets for public spending and in return they pay interest. > The US does not normally see high int…
Any reasonable person does.
Re: Trump temporarily drops tariffs to 10% for most countries
#68[flagged]
Textbook. His textbook. Art of the deal. He's not unstable, just very aggressive. He did have a plan. We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them.
It is absolutely not textbook. It is massively self-destructive. In no universe is this a win.
This is a retreat by Trump. It's him losing. It makes him look like a joke. Or, more correctly, more like a joke.
Trump desperately wants tariffs. He thinks they're free money. He has been saying this for years and still people desperately try to sane wash it into some masterful 4D chess. The only reason this laughable 90-day pause happened is because the US house of cards is on the precipice of absolute collapse, so Trump had to bow into Bessent's attempts to turn this into some sort of China containment.
So are all those factories coming back...or aren't they? Are tariffs going to replace income tax, or aren't they? Something something war with China. Just absolute insanity by a group of charlatans, self dealers and clowns who have no idea what they're doing.
Re: Trump temporarily drops tariffs to 10% for most countries
#69The Chinese are warning their citizens about travel to the U.S. > China issued an alert warning its citizens and students of the potential risk of traveling in the U.S. and attending schools there. > > “Recently, due to the deterioration of China-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the ri…
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Re: Trump temporarily drops tariffs to 10% for most countries
#70One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…
It's a confirmation to those that still needed it that finance people are stupid and ideologically blinded. Trump's been speaking of tariffs for years, what made them think his mandate would be good for them?