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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

#691

Post by lazide »

heigh wrote: post #625
lazide wrote: post #100

Earlier quoted context omitted.

Trump has consistently avoided consequences from breaking the rules. You can’t fight someone like that within the rules, and right now the left will throw anyone who starts breaking the rules in jail while consistently being unable to hold the opposition accountable. It’s enforced self destruction.

Not sure what your position is here. “The left is trying to hold people to account, but that makes them less popular.”?

Clearly that is not what I said.

The only people the left are capable of holding accountable appear to be other people on the left, or disposable flunkies on the right, so the only thing the left appears to be accomplishing with this approach is self destruction, or clearing out deadwood on the right.

Mostly just self destruction.

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

#692

Post by bluefirebrand »

paxys wrote: post #408
bluefirebrand wrote: post #303

Earlier quoted context omitted.

The man is 78 years old There's a good chance he doesn't even live to the end of this term, forget running for president again at 82...

Trump's father lived to 93, and mother to 88. He doesn't have any serious medical conditions (that we know of). There isn't a high chance that he's going to die of natural causes in the next 4 years.

> > He doesn't have any serious medical conditions (that we know of).

He hasn't disclosed his medical records, which is something presidents are normally expected to do. You have to wonder why he disclosed his records in 2016 and not in 2024

> There isn't a high chance that he's going to die of natural causes in the next 4 years

Of course there is, he is Seventy Eight and Visibly Obese

His parents living longer is not a strong predictor

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

#693

Post by kristopolous »

heigh wrote: post #625
lazide wrote: post #100

Earlier quoted context omitted.

Trump has consistently avoided consequences from breaking the rules. You can’t fight someone like that within the rules, and right now the left will throw anyone who starts breaking the rules in jail while consistently being unable to hold the opposition accountable. It’s enforced self destruction.

Not sure what your position is here. “The left is trying to hold people to account, but that makes them less popular.”?

Anyone who says the left is doing anything which requires power should not be taken seriously at all.

The left is people like Richard Wolff, Naomi Klein, Noam Chomsky, Slavoj Žižek, Ralph Nader, Norman Finkelstein, Vandana Shiva, Chris Hedges, Michael Parenti, Cornel West.

The left has almost no organized political power in the US. Except for a few city councils and a couple state houses, it's zero.

When people use "the left" as a catch-all for "not us", some broad brushed painting of "outsiders" this isn't a serious conversation, they're just waving their arms around and making sounds.

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

#695

Post by OJFord »

rsynnott wrote: post #654
OJFord wrote: post #602

Earlier quoted context omitted.

Alright take 2020 then: year started $1.32/£, ended at 1.37. The world was shaken by SARS-nCoV-2019, but I do not remember us feeling particularly extra shaken by Brexit crisis. That is not really relevant anyway, the up-thread suggestion was that there was some current ongoing crisis more significant than anything happening in the US. That user didn't even mention Brexit, but if that is what they meant, no, I assure…

Thing is, Brexit didn’t _really_ happen in 2020. The UK was, for practical purposes, in the single market until 2021 under a transition arrangement, and even after that, it kind of petered out over years. Some special arrangements are _still in place_: https://www.politico.eu/article/uk-brexit-border-checks-dela...

Ok. I'm still awaiting to hear how it's currently a situation of terrible crisis that the US would not want to sink to.

If there are any crises in my UK news, they're in the Ukraine, Israel, USA, and perhaps Greenland & Canada by extension. To the extent there's crisis in the UK that I'm aware of, it's the same USA-inflicted event that the rest of the world's dealing with too.

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

#696

Post by jordanb »

renata wrote: post #664
tasuki wrote: post #640

Earlier quoted context omitted.

Why was it not sustainable? Clearly the houses were there, and the non-working spouses, and the car and the children...

Well, we can't count on the entire rest of the world having all their factories bombed and being the only nation with reasonable manufacturing capability all the time .

The US was not an export-focused economy in the 50s and 60s. In fact trade as a percent of GDP bottomed out in those decades. Arguing that the prosperity for the average person was only "sustainable" in an environment where there wasn't foreign competition is an argument for tariffs.

https://www.stlouisfed.org/on-the-economy/2020/march/evoluti...

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

#697

Post by judahmeek »

franktankbank wrote: post #631
judahmeek wrote: post #578

Earlier quoted context omitted.

That's only if American tire companies choose to invest as if the tariffs will stick around for longer than Trump does.

This isn't the first time Trump imposed tariffs. Did Biden remove them during his term?

Biden did remove some of them.

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

#698

Post by popalchemist »

loudmax wrote: post #185
popalchemist wrote: post #85

Earlier quoted context omitted.

In the case of Trump, never attribute to ineptitude what can be explained by greed. He is tanking the US economy so he and his billionaire cohort can buy things (businesses, real estate, stocks, etc) at a low price. Thus amassing more control and capital. This is how the Russian oligarchy came into power.

Trump's businesses have repeatedly declared bankruptcy. Don't rule out ineptitude.

Yes, he is inept. But in this case, he is following a playbook that was deliberately written to achieve the ends that this series of actions is bringing about.

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

#699

Post by anigbrowl »

hackly wrote: post #649
anigbrowl wrote: post #302

Earlier quoted context omitted.

Isn't it obvious that you can't negotiate effectively if nobody trusts you?

Trust doesn’t matter if you have the most powerful military force in the world. You think the middle eastern countries surrounding Israel trust Netanyahu? Nope, but they sure fall in line and keep the negotiated peace because let’s face it, all of them combined will crumble before a single Israeli battalion. Might does indeed work in negotiations regardless of trust.

Talk about hubris. The US military is specified to fight a 2 front war, but has proved singularly unable to defeat other countries in occupation. The idea the US can just blackmail the world by force may be about to be tested, but I wouldn't be willing to bet on its success.

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

#700

Post by mvdtnz »

heigh wrote: post #622

Has anyone checked out Fox News recently? There is zero, and I mean zero coverage of the implications of the tariffs. W.T.F. At what point do you go “okay, we’re actually on par with North Korea”?

jfc do some reading about North Korea before making idiotic comparisons like that.
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