How about that stock market!

[The~Kid]

The most retarded shit, written by todays "experts" you will only find in the NY Times.....


"Free Trade" has never existed..... it's some Double-Think BS and term that is the very opposite of "Free Trade" and whatever one wants to call it it's been subsidized by the standard of living of the average American since post WWll.... how much longer should Americans sacrifice their standard of living in the name of supposed "Free Trade".


https://www.nytimes.com/2025/04/06/world/europe/trade-trump-tariffs-brexit.html

 

[BABMusic]

One thing I also sensed today is that Jerome Powell is in situation he hates. He wants to pretend that he is going to fix the inflation problem and will not cut rates, yet everyone is going to be putting pressure on him to go back to zero and QE again. Powell hates Trump and that's the reason he doesn't want to cut, but he'll feel so much pressure that he will cave. He's not a Paul Volcker, who had a spine.

 

[Tonelover]

One thing I also sensed today is that Jerome Powell is in situation he hates. He wants to pretend that he is going to fix the inflation problem and will not cut rates, yet everyone is going to be putting pressure on him to go back to zero and QE again. Powell hates Trump and that's the reason he doesn't want to cut, but he'll feel so much pressure that he will cave. He's not a Paul Volcker, who had a spine.

Powell just wants to do his job without having a maniac single handedly wrecking the world economy overnight. He'll have to lower rates to save the markets but that's going to be inflationary. What is he supposed to do, bow down and kiss the ring?

Got some good news this weekend though. Trump won his golf tournament.

 

[BABMusic]

What is he supposed to do, bow down and kiss the ring?

If Powell was serious about fixing inflation, rates would be 20% right now. That's the minimum it would take to fix all the inflation that's happened over the last 15 years. He would never do that because the housing market would collapse, and so would car sales and anything that relies on borrowing a huge amount of money. Powell's net worth is $55 million -- he does not care about you or me. He's just actor that wants to look good.

The thing I'm most concerned about is if we cut rates again, what does that tell the rest of the world? The US is insolvent and has no realistic way to paying back what we owe them. The US dollar could collapse.

 

[Tonelover]

If Powell was serious about fixing inflation, rates would be 20% right now. That's the minimum it would take to fix all the inflation that's happened over the last 15 years. He would never do that because the housing market would collapse, and so would car sales and anything that relies on borrowing a huge amount of money. Powell's net worth is $55 million -- he does not care about you or me. He's just actor that wants to look good.

The thing I'm most concerned about is if we cut rates again, what does that tell the rest of the world? The US is insolvent and has no realistic way to paying back what we owe them. The US dollar could collapse.

And what is Trump's net worth? He cares about you and me right?

We all have lots of concerns and that will never end, But what Maniac in Chief is doing certainly isn't helping things.

 

[311boogieman]

I'll just put this here.

Forgot who posted it several months ago but I now have it on an always open tab

https://usdebtclock.org/

 

[The~Kid]

If Powell was serious about fixing inflation, rates would be 20% right now. That's the minimum it would take to fix all the inflation that's happened over the last 15 years. He would never do that because the housing market would collapse, and so would car sales and anything that relies on borrowing a huge amount of money. Powell's net worth is $55 million -- he does not care about you or me. He's just actor that wants to look good.

The thing I'm most concerned about is if we cut rates again, what does that tell the rest of the world? The US is insolvent and has no realistic way to paying back what we owe them. The US dollar could collapse.

People forget Powell and every Chairman have one job and one job only at the end of the day and that is to maintain a 2% inflation.


Whatever the immediate effects on inflation the Tariffs will have that is the way Powell will go so if inflation goes up he will raise interest rates, if it goes down he will lower them and it's that simple really.

The Fed was already on pace to cut interest rates more not to 0% but depending on the outlook on inflation it was set to make a few more point cuts. Now it really just depends on the immediate apparent effects on inflation Tariff or no Tariff.

 

[The~Kid]

In either case get ready for a bumpy ride...... because this is going to be one crazy train tomorrow.....

 

[BABMusic]

And what is Trump's net worth? He cares about you and me right?

We all have lots of concerns and that will never end, But what Maniac in Chief is doing certainly isn't helping things.

Well, I'm not republican or democrat, so I can criticize anyone in a fair way. Trump's net worth is way more than Powell, and he probably doesn't care about me or you either. The inflation problem has been going on for many decades, but it got way worse after the 2008 mortgage bond collapse. Bush II was to blame for a lot of that because he inflated that housing bubble. Obama then bails out the banks, and we didn't see the inflation show up for many years. In fact, we saw deflation during the years of 2009-12. Once that money in the banks started getting lended again, it gradually showed up in housing prices and other things. Then Covid happened and both Biden and Trump hit the gas on stimulus.

Trump has many faults and I don't deny that, but I do appreciate that his faults are usually blatantly obvious. With Biden or others like Mitt Romney, they'll just lie to your face with a smile. Billions to Ukraine for example, had little to do with helping Ukraine. As far as this tariffs thing, I am still trying to figure out what Trump's real goal is here. I suspect it's to get better trade deals and that he won't actually enforce them.

 

[Monkey Man]

Also he put 10% in the column that implied that's the tariffs we charge them. So a lie.

The overseas column explicitly states:

"Tariffs charged to the USA
Including currency manipulation and trade barriers".

So not a lie.

OTTOMH we weren't importing US beef or at the very least cock-blocked it in some way, as an example of a "trade barrier". I'm sure there'd be many others in the "fees" / duties / taxes categories.

While it's true that America has been giving foreign aid and stuff to the world but so have we.

Just for the record the US has given more foreign aid through the decades than anyone else.

 

[The~Kid]

The overseas column explicitly states:

"Tariffs charged to the USA
Including currency manipulation and trade barriers".

So not a lie.

OTTOMH we weren't importing US beef or at the very least cock-blocked it in some way, as an example of a "trade barrier". I'm sure there'd be many others in the "fees" / duties / taxes categories.


Just for the record the US has given more foreign aid through the decades than anyone else.

In school at the least it was taught that post WWll the US didn't tariff other countries out of good will and that the WTO made it so all countries in it would trade freely which is the case except for the US. The US subsides "free trade" in that sense and has since the end of WWll essentially subsidizing the world......


In regards to the currency manipulation a lot of that is going around too and while the US can't Straight up do that at least with what Trumps doing it makes it more attractive relative to any other investment given how weak the dollar is becoming now. Weak dollar, no tarrifs if a country invest here and it brings jobs back. Win win win......

And with Powells only job being keeping or bringing inflation down to 2%, whatever the Tariffs do to inflation if they bring it up or down or have no effect you have Powell there and the Fed as guardrail regarding inflation now more than ever and probably more prepared than it's ever been to deal with such matters and another win.

 

[The~Kid]

That is what America..... the only man with the gun in the room says and the other men in the room with no guns will agree, right or wrong or whatever it may mean to them and do what the man with the gun says......


Simply put because the other men have no guns........ It seems everyone in the world has forgotten who the only man with the gun in the room is..... it's not a guy from China or Germany or a guy from Europe.......


Every country has had the United States good will for years now post WWll at the cost of the average Americans standard of living....... and gotten nothing in return. The man with the only gun in the room...... not just President Trump but the country as a whole and America pretty much laying it down and saying how it's going down and ending the BS......


The Kumbaya shit is over and other countries can tariff each other and call it "Free Trade" and see how that works but the US is done participating in so called "Free Trade" that isn't even free. Tariff each other all you want but don't Tariff us anymore.........

 

[Erock]

no one has read this man's book it seems. Keep your cool, stay level headed and don't panic. We are gonna see a wild ride this week, but the level headed will make out fine once the ride is over.

 

[Thumbpicker]

The overseas column explicitly states:

"Tariffs charged to the USA
Including currency manipulation and trade barriers".

So not a lie.

OTTOMH we weren't importing US beef or at the very least cock-blocked it in some way, as an example of a "trade barrier". I'm sure there'd be many others in the "fees" / duties / taxes categories.


Just for the record the US has given more foreign aid through the decades than anyone else.

I don't agree that biosecurity and the GST is a trade barrier. The first is legit the second is the a level playing field.

Re: them paying more - yes they have more than 10 times our population. So fair enough they pay more.

Also I'm glad we don't import fatty US grain fed beef. Why would we - we have plenty of our own beef. We already have a trade deficit with them and they have a trade surplus with us. Get real - we don't need more commodities - that's what we already do ourselves.

Anyway why are you supporting them - is it because you're not really Australian - you're an import. Go home then - I'm sure it's heaps better in Sth Africa. Or go pay your $5m USD for your Gold Trump citizenship card and move to where you can suck up to them a bit more.

 

[Bad Brain]

What it boils down to here is that America has been subsiding the worlds economy

What do you mean? A trade deficit isn't a subsidy. It means that the US buys more from another country than they buy from us.

 

[Floyd Eye]

I don't agree that biosecurity and the GST is a trade barrier. The first is legit the second is the a level playing field.

Re: them paying more - yes they have more than 10 times our population. So fair enough they pay more.

Also I'm glad we don't import fatty US grain fed beef. Why would we - we have plenty of our own beef. We already have a trade deficit with them and they have a trade surplus with us. Get real - we don't need more commodities - that's what we already do ourselves.

Anyway why are you supporting them - is it because you're not really Australian - you're an import. Go home then - I'm sure it's heaps better in Sth Africa. Or go pay your $5m USD for your Gold Trump citizenship card and move to where you can suck up to them a bit more.

Dude. No one gives a fuck what you agree or disagree with regarding what a trade barrier is. You can make up whatever bullshit you want about biosecurity, that doesn't change the facts. Your country is in effect erecting trade barriers. You've been running around for months now talking about how stupid Trump is, tariffs only hurt the US, etc.. If that's true then why the fuck do you care about a 10% tariff that allegedly only hurts the US ?

Then you rip on people here, calling them insularists or whatever and then in the next breath you blame Trump for you losing 100k from your portfolio. It appears your income is 100% investment income. You're pretty much already retired and based on the toys you own and the quality of life you enjoy I'd say you're doing pretty fucking good. Better than me it appears and my ass is working 60 hours a week at a good paying job yet you are here lecturing me about putting my country and economy first ?

Any fucking excuse you can come up with to rip on the US I guess. I think I liked it better when you bent over backwards to compare Australia to the US. At least then you weren't being a completely insufferable, insulting prick.

 

[MadAsAHatter]

What do you mean? A trade deficit isn't a subsidy. It means that the US buys more from another country than they buy from us.

Pretty sure, like most people who say this, @The~Kid meant the US put money into the economy of other countries by buying goods. Trade imbalance is probably a better term to use. The US purchases more form other countries than those countries do from the US. The US is effectively subsidizing other countries economy by buying the amount of goods we do when we're capable of producing them in house. Otherwise those goods would possibly go unsold; or sold at a cheaper price, and result in a loss of income/GDP for other countries. The US also takes a hit because those same countries don't buy near the amount of goods from us.

 

[MadAsAHatter]

You've been running around for months now talking about how stupid Trump is, tariffs only hurt the US, etc.. If that's true then why the fuck do you care about a 10% tariff that allegedly only hurts the US ?

This is one of the 2 questions I've asked to people who are against tariffs and have yet to receive any semblance of a real answer.
1) If tariffs are so bad why do so many other countries have them?
2) Why do other countries care how much of a tariff the US (or any other country) charges if the exporter is not the one paying it?

 

[Bad Brain]

The US is effectively subsidizing other countries economy by buying the amount of goods we do when we're capable of producing them in house.

It's not a subsidy though. It isn't a charity or even a trade policy (That I'm aware of). It is the natural result of countries like China producing goods that Americans want for less money than other competitors, including America itself.

 

[MadAsAHatter]

It's not a subsidy though. It isn't a charity or even a trade policy (That I'm aware of). It is the natural result of countries like China producing goods that Americans want for less money than other competitors, including America itself.

You're getting hung up on terms again and losing sight of the overall point.

Regardless of the reason, the US puts more money into other countries' economy than they put into the US's. No it's not a subsidy, but the US is supporting a decent sized part of other countries' economy. Other countries don't support our economy near as much.