He said FAKE NEWS literally just a day ago.... This man cannot be trusted about anything
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Trump temporarily drops tariffs to 10% for most countries
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Re: Trump temporarily drops tariffs to 10% for most countries
#92Probably the bond market reaction caught the admin off-guard, possibly indicating a liquidity crisis. As usual, wont someone think of the overleveraged hedge fund managers?!
if you think he wasn't going to do something like this from the start then I have a bridge to sell you
Re: Trump temporarily drops tariffs to 10% for most countries
#93He'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.
Idk Xi is much more consistent with the CCP than Trump is with anything.
Re: Trump temporarily drops tariffs to 10% for most countries
#94[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.
> His textbook. Art of the deal.
It ain't his. https://en.wikipedia.org/wiki/Tony_Schwartz_(writer)
> We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them.
Pretending the man didn't repeatedly bankrupt his own companies and stiff his vendors is underestimating him. We've decades worth of knowledge about how "his plan" goes.
Re: Trump temporarily drops tariffs to 10% for most countries
#95One 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…
The number of people who are paid to be "professional knower of things" and "professional predictor of things" who are now saying "I never could have predicted that Trump would do something as crazy as this" is just baffling.
In a sane world all these people would be ignored by media outlets moving forward.
Re: Trump temporarily drops tariffs to 10% for most countries
#96Earlier quoted context omitted.
Lots of stocks are up 10-15% instantly after this announcement. Curious if we'll get reports of suspicious options volume capitalizing on this information.
why do people still trust stock markets if manipulating them is that easy?
Because even with crises, over the long term the only direction is up.
Its probably not so much that people trust it but either you invest broadly (index funds) and trust long historical data that the likely direction is up or you think you have more information than other people and can beat the market.
Re: Trump temporarily drops tariffs to 10% for most countries
#97Earlier quoted context omitted.
Lots of stocks are up 10-15% instantly after this announcement. Curious if we'll get reports of suspicious options volume capitalizing on this information.
Wouldn't be too suspicious, since Trump people told people to buy into the stock market before announcing this. https://truthsocial.com/@realDonaldTrump/posts/1143082727259...
Do you really think he didn't tell his friends to buy options an hour before the tweet?
Re: Trump temporarily drops tariffs to 10% for most countries
#98Re: Trump temporarily drops tariffs to 10% for most countries
#99My dream scenario: The rest of the world would band together and upper the mininum tariffs levels against US imports to 10% for 90 days.
The fundamental problem is that tariffs are a tax on the citizens of the country that charges them. Retaliatory tariffs that are high enough or specific enough to shape immediate consumption decisions can move the needle (which is why you do see such responses happening). A universal 10% tariff can affect its target in the long term, but as a short term measure it does nothing but take money out of the pockets of local businesses.