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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

#711

Post by lazide »

kristopolous wrote: post #693
heigh wrote: post #625

Earlier quoted context omitted.

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’ held the presidency up until quite recently, among other things.

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

#712

Post by [deleted] »

csense wrote: post #531
cycomanic wrote: post #324

Earlier quoted context omitted.

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…

> "if you don't want it to be done to you don't do it to others" Doesn't work. We opened trade to China in the '70s. They took advantage of us, stealing IP, manipulating currency, paying their people terrible wages, crapping all over the environment. We let their companies freely in the US, they very severely restricted US business ventures in China. Detroit, a former shining city in the industrial heartland, is now…

[deleted]

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

#713

Post by Vilian »

lazide wrote: post #711
kristopolous wrote: post #693

Earlier quoted context omitted.

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’ held the presidency up until quite recently, among other things.

Us-american left is considered right in the rest of the world

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

#714

Post by senordevnyc »

markus_zhang wrote: post #668
senordevnyc wrote: post #647

Earlier quoted context omitted.

I feel similarly, and I actually just got laid off last week. However, I don’t think tariffs are going to result in no more IT jobs, I’m sure there will be jobs available, they might just not pay as much as they have.

I wish you good luck. Man I don't know what I can do. I can't Uber because I only have one car. I can't onlyfan because I'm not a nude female. I can't twitch because there are already millions out there. I don't know what I can do. Seriously.

You haven’t lost your job yet, right?

If you do, or you already have, then you’ll look for another job, or start working for yourself. You’ll be OK.

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

#715

Post by sebmellen »

lossolo wrote: post #669
sebmellen wrote: post #541

Earlier quoted context omitted.

The idea of an "atomic bomb" would have seemed fantastical before it was developed. Bioweaponry is underfunded, far more dangerous than you think, and is a hot topic for the PRC [0]. And let's be clear — the US did not "lose a war" in Afghanistan or Iraq. Yes, we had failed pseudo-occupations. That is not the same as losing a war. No country, save perhaps Iraq during the Gulf War, has experienced the force of a moder…

> And let's be clear — the US did not "lose a war" in Afghanistan or Iraq. Yes, we had failed pseudo-occupations. That is not the same as losing a war. You do not wage war for the sake of war, war is a tool for achieving political goals. What you're saying is that the U.S. won battles in these wars, but ultimately lost because they failed to achieve their political objectives — which were the very reasons the wars we…

What were America's political objectives in those wars? There are stated and unstated objectives. We don't really know if they were achieved or not. Maybe Iraq was a Haliburton enrichment play... That's still going on [0]!

But you're not really right here. In both cases, American forces dismantled the initial enemy: the Taliban regime fell in 2001, and Saddam Hussein’s government collapsed in 2003. Combat superiority wasn’t the issue.

We "lost" because all of those wars were occupations. Locals just didn't care enough to keep us there, or vehemently opposed American presence. It's really, really hard to occupy a country that doesn't want you there, even if your military capacity is vastly superior.

Defending a nation like Taiwan or Japan is a totally different story. If you are defending a country from an external threat, they want you to stay.

I was responding to the above commenter, who wrote:

  > Living in fantasy land is how the richest nation the world has ever seen could lose a war to teenagers in Afghanistan.
What I'm pointing out is that the US has extreme combat superiority that no country has ever had to reckon with. And we have never waged "total war".

[0]: https://ir.halliburton.com/news-releases/news-release-detail...

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

#716

Post by pmags »

mike_hearn wrote: post #638
makeitdouble wrote: post #156

Earlier quoted context omitted.

Reading the parent's comment I was expecting the UK GDP to have been plunging since Brexit, but that's not the case apparently[0]. Some sectors clearly profited from it, compensating for those who went down the drain. GDP isn't everything and from the outside the UK feel like in a very bad place, but I wonder what's the metric that really captures that status. Inequalities aren't getting that much wider as well. http…

Yup. Sadly, discussion of Brexit on HN is trash tier. Almost every claim about it you'll find here is completely wrong. Not in the sense of differing values or priorities, but in a "this is totally made up" kind of way. It's really concerning that so many people's understanding of the UK and Europe have suffered such a huge rupture with reality. The map is not the territory! Leaving the EU had no effect on the Britis…

Can you provide some citations / documentation of your claims about "no effect"?

As a non-EU / non-UK reader I went searching for more detailed analysis after reading your post. The first detailed analysis I found was the UK Office for Budget Responsibility's Brexit Analysis. [1]

The OBR's analysis suggests outcomes like the following (all quoted from that assessment) that seem to suggest some degree of negative economic impact:

* The post-Brexit trading relationship between the UK and EU, as set out in the ‘Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will reduce long-run productivity by 4 per cent relative to remaining in the EU.

* Both exports and imports will be around 15 per cent lower in the long run than if the UK had remained in the EU.

[1] https://obr.uk/forecasts-in-depth/the-economy-forecast/brexi...

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

#717

Post by tjbiddle »

otterley wrote: post #414
tjbiddle wrote: post #337

Earlier quoted context omitted.

Buy the dip?

Most wealthy people’s wealth is in investments. If the value of the investments goes down, there are fewer resources to “buy the dip.” It doesn’t hold water as a theory. Basically robbing Peter to pay Paul.

Yes, but investors move in and out of cash positions. Bershire Hathaway is currently sitting on $334 billion in cash. If you're an active investor, you'll have periods of both buying and selling - so you'll have cash, or you won't have cash. To assume 100% is allocated at all times is incorrect.

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

#718

Post by lazide »

Vilian wrote: post #713
lazide wrote: post #711

Earlier quoted context omitted.

‘The left’ held the presidency up until quite recently, among other things.

Us-american left is considered right in the rest of the world

Which has nothing to do with the situation at all, does it?

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

#719

Post by IAmGraydon »

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”?

Fox News is irrelevant when Americans see their retirement account lose 65% between now and late 2026.

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

#720

Post by IAmGraydon »

heigh wrote: post #624
senorrib wrote: post #42

Earlier quoted context omitted.

Real estate, bonds, foreign stocks, oil. There's a billion options out there. Or they can just sit and wait. Losing for a bit of inflation is better than losing 20-30% in a recession.

Gold is going off the charts

Completely false. It has fallen nearly 5% since the tariffs were announced.
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