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Six months into tariffs, businesses have no idea how to price anything

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Re: Six months into tariffs, businesses have no idea how to price anything

#681

Post by stinkbeetle »

jmyeet wrote: post #507
stinkbeetle wrote: post #380

Earlier quoted context omitted.

> If you listen to any oil and gas experts and ask them which president was the best for the oil and gas industry, do you know who they'll say? Trump? Absolutely not. Bush? No. It's Obama. Hmm, it's not that I couldn't believe it was Obama, but this is like a 2nd-hand appeal to authority. I would be interested in a bit more data to see why this is. > Why? Because policy was stable during Obama. Now of course we can s…

Here's a chart of US daily crude oil production [1] and you see it takes off around 2010 or so. Now this is when fracking started to enter production and we started drilling in the Permian Basin but all this happened under Obama. Now the 2015 oil crash is something I could talk a lot about. I'll try not to turn this into a wall of text. In Obama's last term he faced a hostile Congress and wanted to pass some wind and…

> Here's a chart of US daily crude oil production [1] and you see it takes off around 2010 or so. Now this is when fracking started to enter production and we started drilling in the Permian Basin but all this happened under Obama.

Yes around 2012 it started to rise, but that was a long way into his first term. Although if you're just going by production, it has been and is far higher after Obama's presidency. So I'm not sure what we make of that. And as you say, the crash happened during his term too.

So I think any kind of careful stable energy policy is really over selling it, yes the industry did well under him for a period of several years, but that looks more like being "lucky" with disastrous Middle East and North Africa interventions and destabilization (not all initiated by Obama of course) coming to a head, along with the birds of "the 1980s called" attitude toward Russia coming home to roost, which drove up oil prices to sustained near record highs that did it. And it wasn't just the prices, but the general attitude from energy companies and consumers that oil production must be diversified away from OPEC and Russia.

Re: Six months into tariffs, businesses have no idea how to price anything

#682

Post by cyanydeez »

stirfish wrote: post #633
cyanydeez wrote: post #556

Earlier quoted context omitted.

Market bubbles combined with parallel political bubbles are probably the real black swan event coming down the pike

What is a political bubble? I googled it, but I'm getting definitions closer to "my news feed only shows me what I want to see"

Start with the idea of political capital and end with the monumental loss of value and trust in the political system

Re: Six months into tariffs, businesses have no idea how to price anything

#683

Post by fundad »

yifanl wrote: post #581
fundad wrote: post #525

Earlier quoted context omitted.

I question the president’s cognitive state if he openly stated there would be some “pain” and then when the statistics show he was correct, he attacks the BLA director and claims the economy is booming. The president and his defenders are playing us when they appear to want a growing economy. They don’t.

Thankfully, the president doesn't need to be fully cognitive to be president, they just need to win an election every 4 years.

What did JD Vance know about Trump’s health when he joined the campaign and why did he keep it from us?

Re: Six months into tariffs, businesses have no idea how to price anything

#684

Post by platevoltage »

AlecSchueler wrote: post #657
platevoltage wrote: post #595

Earlier quoted context omitted.

What is a dictatorship if not what you just described?

Dictatorships have dictators. The power flows from that one person (think Hitler or Stalin), the military is probably loyal to them rather than other state apparatus and there tends to be no codified route to succession in the event of their death. China is different in all these cases, even after the significant moves by Xi to consolidate power. You could argue that I'm the days of Mao there was a dictatorship in pl…

The President of the USA is the commander in chief. The military is loyal to the Commander in Chief until the President changes. What happens when the President never changes. If you want to say “they are actually loyal to the constitution”, if that were the case, they would have mutinied a while ago.

Re: Six months into tariffs, businesses have no idea how to price anything

#685

Post by platevoltage »

Der_Einzige wrote: post #565
platevoltage wrote: post #111

Earlier quoted context omitted.

See this is what I don't understand. Everything you just said about China is a positive. Everything you said about China is achievable in the USA, and we at least HAD a head start on soft-power influence. Instead we should just have tariffs instead of actually making the lives of Americans better while FIGHTING affordable housing, high speed rail, and EVs. We've got an entire team of goons who would rather rack up pe…

Hockey games are often AS violent as MMA fights with less regulation and more equipment which can cause injury. People really watch Hockey cus they want to see the guys beat each other up - not because they care about the puck. https://en.wikipedia.org/wiki/Fighting_in_ice_hockey https://en.wikipedia.org/wiki/Violence_in_ice_hockey

You missed the point.

The point of Hockey is to score the most points, not win the most fights. If fact, you are penalized for fighting. The more violent team often loses the game.

The point of MMA is to win the fight by using violence.

The people who watch this metaphorical hockey game for the violence have a 4 letter acronym that they label themselves with.

Re: Six months into tariffs, businesses have no idea how to price anything

#686

Post by AlecSchueler »

platevoltage wrote: post #684
AlecSchueler wrote: post #657

Earlier quoted context omitted.

Dictatorships have dictators. The power flows from that one person (think Hitler or Stalin), the military is probably loyal to them rather than other state apparatus and there tends to be no codified route to succession in the event of their death. China is different in all these cases, even after the significant moves by Xi to consolidate power. You could argue that I'm the days of Mao there was a dictatorship in pl…

The President of the USA is the commander in chief. The military is loyal to the Commander in Chief until the President changes. What happens when the President never changes. If you want to say “they are actually loyal to the constitution”, if that were the case, they would have mutinied a while ago.

I'm not talking about the USA, and I'm not sure what you're trying to say in context of what I am talking about.

Re: Six months into tariffs, businesses have no idea how to price anything

#687

Post by buyucu »

simonh wrote: post #678
buyucu wrote: post #658

Earlier quoted context omitted.

Saudi and Gulf States are run by violent dictators who are Western puppets. Did you forget about MBS 'the Bonesaw' ?

He did that because he’s a western puppet? The west puts up with them despite such vile behaviour. It’s simply absurd to argue the west can’t tolerate prosperous non western nations when there are many of them we get on with just fine, or despite severe cultural differences. The USA spearheaded integration of China with the international trading system. Their development was an intentional goal.

to screw the Soviets. It was a clever political move to weaken the Soviet Union.

Re: Six months into tariffs, businesses have no idea how to price anything

#688

Post by tmountain »

BobbyTables2 wrote: post #652
tmountain wrote: post #488

Earlier quoted context omitted.

American companies will move manufacturing offshore long before they’ll open factories in the U.S. The economics of using domestic labor for cheap goods don’t add up.

Will? They did a long time ago!

Yeah, I should have prefaced with "given a choice". I'm aware of the current manufacturing situation in the U.S.

Re: Six months into tariffs, businesses have no idea how to price anything

#689

Post by jibal »

gdilla wrote: post #664
blurbleblurble wrote: post #550

Earlier quoted context omitted.

They sold us out in the name of holy apocalyptic chaos and destruction

All they had to do was prey on fragile white grievances, and it worked.

"If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you." -- LBJ

Re: Six months into tariffs, businesses have no idea how to price anything

#690

Post by Propelloni »

AlecSchueler wrote: post #514
Propelloni wrote: post #436

Earlier quoted context omitted.

So it is a tyranny of the majority? That's not the vibe I get from China at all.

I wouldn't have said that either, no. What vibes do you get?

That China is a society that strives to control the lives of its subjects in all imaginable ways. It's a totalitarian one-party-dictatorship.
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