How about that stock market!

  • Thread starter Thread starter Tonelover
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The~Kid said:
Great well where the hell has real free trade been for the US over the past 70+ years......

You mean free trade for everyone else except America? Meanwhile we export the good jobs to the rest of the world and they export the shit jobs to America and they tariff US goods while we dont tariff them..... that isn't free trade.
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Tariffs, like other taxes, don't preclude free trade. They impede trade. Countries that enact tarrifs make their imports more expensive. The hope is that US tariffs encourage other countries to bring their businesses here so as to avoid the tariff costs in order to maintain market share. The other hope is to bolster domestic industry in cases where that's not feasible. Maybe these are good goals, but they will raise costs for goods we previously purchased when they weren't subject to tarrifs.
 
Bad Brain said:
Tariffs, like other taxes, don't preclude free trade. They impede trade. Countries that enact tarrifs make their imports more expensive. The hope is that US tariffs encourage other countries to bring their businesses here so as to avoid the tariff costs in order to maintain market share. The other hope is to bolster domestic industry in cases where that's not feasible. Maybe these are good goals, but they will raise costs for goods we previously purchased when they weren't subject to tarrifs.
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And you can choose to buy those goods or not. And those countries all tariff us, usually double on average what the new Trump tariffs are. So all those countries can fuck off. And all the people here crying about it can fuck off.
 
Is this the real crash that should have happened in 2020? Not yet convinced, but it's becoming more interesting.
 
Tonelover said:
Pretty sure it's the real crash that is happening right now.
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I was mostly in cash money markets before this happened, and some precious metals stocks. I may start buying, but don't want to catch a falling knife if this is the real crash. If the Dow drops to $30,000, I would say it's the real crash.
 
Bad Brain said:
Tariffs, like other taxes, don't preclude free trade. They impede trade. Countries that enact tarrifs make their imports more expensive. The hope is that US tariffs encourage other countries to bring their businesses here so as to avoid the tariff costs in order to maintain market share. The other hope is to bolster domestic industry in cases where that's not feasible. Maybe these are good goals, but they will raise costs for goods we previously purchased when they weren't subject to tarrifs.
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Why do other countries do it to the US and we didn't do it to them. Out of some post WWll Good Will that ended more than 70+ years ago. It's not really "Free Trade" and it never has been and it's just been subsidized and paid for by the average Americans standard of living.


The US is supposed to perpetually just allow other countries to tariff it and protect their economies and citizens financial interest while America willingly subsidizes good jobs for them for cheap goods in exchange for substandard jobs here and lower standards of living. Meanwhile more and more crap service jobs being the only opportunities for people on average as a result......



I get what you say and understand the fundamentals of basic economics but this isn't "free trade".
 
Bad Brain said:
Tariffs, like other taxes, don't preclude free trade. They impede trade. Countries that enact tarrifs make their imports more expensive. The hope is that US tariffs encourage other countries to bring their businesses here so as to avoid the tariff costs in order to maintain market share. The other hope is to bolster domestic industry in cases where that's not feasible. Maybe these are good goals, but they will raise costs for goods we previously purchased when they weren't subject to tarrifs.
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This may be the hope, but the fear is retaliatory tariffs. China just announced a 34% tariff, and they have found another supplier of soybeans. That's the equivalent of dropping an economic bomb in the Midwest. Expect tariffs on bourbon/whiskey--an economic bomb on TN and KY distillers and farmers. And so on, and you know exactly what states they are targeting.
 
BABMusic said:
I was mostly in cash money markets before this happened, and some precious metals stocks. I may start buying, but don't want to catch a falling knife if this is the real crash.
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We are nowhere near the bottom.
 
BABMusic said:
I was mostly in cash money markets before this happened, and some precious metals stocks. I may start buying, but don't want to catch a falling knife if this is the real crash. If the Dow drops to $30,000, I would say it's the real crash.
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Historical perspective dude. Anyone who claims this is a real crash is an idiot. It was completely manufactured by some dudes who are currently getting even richer.
 
JackTripper said:
This may be the hope, but the fear is retaliatory tariffs. China just announced a 34% tariff, and they have found another supplier of soybeans. That's the equivalent of dropping an economic bomb in the Midwest. Expect tariffs on bourbon/whiskey--an economic bomb on TN and KY distillers and farmers. And so on, and you know exactly what states they are targeting.
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And it doesn’t piss you off that China already tariffs is at double what the new Trump tariffs are ? They need us way fucking more than we need them.
 
Floyd Eye said:
It was completely manufactured by some dudes who are currently getting even richer.
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I agree on that point. I don't know yet if this is the real crash. When your whole stock market is divorced from real earnings and based on momentum buying, then the collapse is manufactured as well. Some people believe that the crash is designed to lower rates again to zero. If that happens, the dollar is going to see hyperinflation.
 
Floyd Eye said:
And it doesn’t piss you off that China already tariffs is at double what the new Trump tariffs are ? They need us way fucking more than we need them.
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Not really. First, I don't buy Made in China crap. But I understand there is a market for it and I acknowledge your point. Second, China gives us slave labor, at $2-$4 an hour. Kids here working at Taco Bell make wages 500% greater than a Chinese laborer.

And I wouldn't assume they need us more than we need them. We have more to lose than they do. Nor would I assume they will cave. They are a culture thousands of years old, been involved in wars that have lasted a century. They are also very nationalistic. I'm not talking about waving the flag to support their country like we do here, I'm talking about standing in breadlines to support their country. It's a race to the bottom.
 
JackTripper said:
Bingo, coinciding with slowing if not negative GDP growth. Welcome to stagflation, something we haven't seen since the 1970s, and a tough cycle to break.
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I guess it's good that I bought my Friedman amp last year. I probably couldn't afford it in a few years.
 
China can fuck right off. They have their tentacles so deep in our shit it is not even funny. They probably recognized 50 years ago if not longer that they could easily screw the US over. Too bad we didn't put our foot down a long time ago.

No pain no gain.
 
It's this zero interest rate thing that screwed up the housing market. If that's what the goal is with this sell-off, they are going to cause an even larger divide between the haves and have nots. Contrary to what people thing, the 4.25-4.5 interest rate we have now is not "high". If our system cannot even handle 4.5 rates, then that shows you how weak everything is.
 
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