How about that stock market!

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VonBonfire said:
The bottom line is Australia will have to pay for the privilege of selling their wares here now. You can toss up some retaliatory tariffs but you'll lose.
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Why - we never charged tariffs on the US. So to call them reciprocal tariffs is a complete lie.

Enjoy the price of your hamburgers going up and the fat content going through the roof from your grain fed beef being too fatty and not combined with our leaner grass fed beef.
 
Thumbpicker said:
Why - we never charged tariffs on the US. So to call them reciprocal tariffs is a complete lie.
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In case you didn't know brother:

50% reciprocality across-the-board with a 10% minimum.

That's the "fine-print" version and most weren't informed of it unless they kept up with Trump's side of things, which the MSM obviously did not.

So yeah, whether we'd been charging 5% or 0%, we were always going to end up with the 10%.

Fun fact (I think IIRC)
We're 1 of only 2 countries in the world who've copped 10%; everyone else will have to pay more.
 
VonBonfire said:
Other countries and their whiny spoiled coat tail riding entitlement minded citizens are greedy which is why they are complaining that the playing field is being leveled.
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Nobody forced US corps to outsource to other countries. It was greed. And those other countries "entitlements" you speak of aren't free, the people pay for them with their tax dollars.
 
VonBonfire said:
What's funny is a lot of retired Americans are forced to do this thanks to our leaders failing to implement tariffs @Thumbpicker
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Most of the people pissed off about this are well to do people....... regular people are like "recession", "crash" great whatever it takes to stop the BS apparently the market at 40,000+ points is supposed to be good for everyone but it ain't so fuck it to hell is what I say and time to get on with a 21st century model for the US vs an outdated 20th century model only really benefiting the well to do people.


Most people who are upset yeah, they are well to do people that really just make a living at the cost and the back of the average American and their standard of living.
 
I had actually been expecting a sell-off for a long time now because this market was mostly momentum buying, similar to 1999. I've had most of my investment money in money markets and some in gold stocks like PHYS. Because of this, I didn't lose very much last week. I only had a small portion in stocks. Now, as I said before, I think it's possible we could see another big rally this month. I could be wrong, as I'm just speculating and thinking of probabilities.
 
Monkey Man said:
In case you didn't know brother:

50% reciprocality across-the-board with a 10% minimum.

That's the "fine-print" version and most weren't informed of it unless they kept up with Trump's side of things, which the MSM obviously did not.

So yeah, whether we'd been charging 5% or 0%, we were always going to end up with the 10%.

Fun fact (I think IIRC):
We're 1 of only 2 countries in the world who've copped 10%; everyone else will have to pay more.
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Well on the board he flashed it up he titled the board reciprocal tariffs - so maybe get the title right because it implies they are what the title says - but yes I did know that. It's still a dog act because he's doing the very thing to us he didn't like being done to the US.

Also he put 10% in the column that implied that's the tariffs we charge them. So a lie.
 
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The~Kid said:
Most people who are upset yeah, they are well to do people that really just make a living at the cost and the back of the average American and their standard of living.
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So you're saying everyone who has means did it by exploiting people? That's a little simplistic and overbroad, even for you. Plenty of people are well off because they worked damn hard for it and made wise financial decisions.
 
I love Portnoy but I mean jeez....... is the sky really falling...... can't afford to go out and make Pizza reviews anymore anywhich way or make a living um....... no offense but doing nothing..... I bet more people wish they had a multi million dollar job being a modern day Bro pretty much for a living.


Welcome to Well To Do America and the ones suffering from the tariffs on both the left and right....... vs the average American actually suffering from modern day Globalist BS for the past 25-30 years.


 
The~Kid said:
I love Portnoy but I mean jeez....... is the sky really falling...... can't afford to go out and make Pizza reviews anymore anywhich way or make a living um....... no offense but doing nothing..... I bet more people wish they had a multi million dollar job being a modern day Bro pretty much for a living.


Welcome to Well To Do America and the ones suffering from the tariffs on both the left and right....... vs the average American actually suffering from modern day Globalist BS for the past 25-30 years.


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Globalist - what a wank of a term to mean you are insularists and traitors to the anglosphere. Better start learning Russian so you can kiss their butts a bit more. The whole world needs to kick the yanks out of everything forever and say f them. Let them rot in their own solitary confinement - they are already madder than a cut snake.
 
Thumbpicker said:
Globalist - what a wank of a term to mean you are insularists and traitors to the anglosphere. Better start learning Russian so you can kiss their butts a bit more.
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No offense here but America has laid out a financial safety net or how do I put it a handicap giving every other country essentially 8 free holes ahead of it or more in some cases after WWll. Imagine a handicap in poker where America can only make limit bets and everyone else can make no limit bets or you get to see our hand and we don't get to see yours......


Exporting our good jobs and manufacturing and also financial security for people here in exchange for shit service job being imported out of good will. Allowing them to tariff us to promote and protect their industries, economy, market and financial Security for their people and respective country while America gets screwed over.


Let's not pretend this isn't whats been happening.....


WWll ended a long long long long time ago and while America IMO is very much aligned with the West and it is the true West pretty much and still will be best the in terms of economy, technology and ingenuity and that has always and will always be the case for the forseable future.....

Along the way with this Globalist Kumbaya shit and the good will since 1945 allowing countries to tariff it to promote and encourage rebuilding of allies after the War..... it's been 70+ years.....

How long is America supposed to perpetually subsidize the world for in your opinion because that's what we have been doing out of good will for 70+ years..... forever or until the country runs dry and it all becomes some Mad Max/Skid Row country?


Hey I admit if Australia doesn't tariff and we are imposing tariffs on them that is BS and that should be addressed especially being a partner and a part of The Common Wealth. ImO partners and those a part of The Common Wealth like Canada or Australia and even India or partners like Mexico in North America America or Japan/South Korea in South East Asia should really have sensible tariffs applied if any.


What it boils down to here is that America has been subsiding the worlds economy forever now and it can't do it perpetually forever or until the economy here can't sustain it any longer and Americans are tired of subsiding others economy at the cost of their standard of living. We gave the Globalist NAFTA and WTO shit a shot for 30 years now...... it's completely failed every American on average and they are tired of continuing the same shit.
 
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What's ironic IMO is these same people that say don't get involved in foreign countries......


Don't fight wars or be the World Police.....


How about when America was the worlds CEO or Free Piggy Bank for the past 30-40+ years or lets be real since post WWll. Allowing countries to go along un challenged having them tariff us with no tariffs to meaningful parts of their industry out of good will post WWll.....


Same people who say don't be the World Police now are upset America is done being the Worlds Free Bank.


So it's okay to be the World Police as long as it benefits you but when it doesn't then you want America to be World Police or a Free Bank in this case.
 
The~Kid said:
No offense here but America has laid out a financial safety net or how do I put it a handicap giving every other country essentially 8 free holes ahead of it or more in some cases after WWll. Imagine a handicap in poker where America can only make limit bets and everyone else can make no limit bets or you get to see our hand and we don't get to see yours......


Exporting our good jobs and manufacturing and also financial security for people here in exchange for shit service job being imported out of good will. Allowing them to tariff us to promote and protect their industries, economy, market and financial Security for their people and respective country.


Let's not pretend this isn't what been happening.....


WWll ended a long long long long time ago and while America IMO is very much aligned with the West and it is the true West pretty much and still will the best in terms of economy and technology and ingenuity and that has always and will always be the case for the forseable future.....

Along the way with this Globalist Kumbaya shit and the good will since 1945 allowing countries to tariff it to promote and encourage rebuilding of allies after the War..... it's been 70+ years.....

How long is America supposed to perpetually subsidize the world for in yout opinion because that's what we have been doing out of goof will for 70+ years..... forever or until the country runs dry and it all becomes some Mad Max/Skid Row country?


Hey I admit if Australia doesn't tariff and we are imposing tariffs on them that is BS and that should be addressed especially being a partner and a part of The Common Wealth. ImO partners and those a part of The Common Wealth like Canada or Australia and even India or partners like Mexico in North America America or Japan/South Korea in South East Asia should really have sensible tariffs applied if any.


What it boils down to here is that America has been subsiding the worlds economy forever now and it can't do it perpetually forever or until the economy here can't sustain it any longer and Americans are tired of subsiding others economy at the cost of their standard of living. We gave the Globalist NAFTA and WTO shit a shot for 30 years now...... it's completely failed every American on average and they are tired of continuing the same shit.
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While it's true that America has been giving foreign aid and stuff to the world but so have we. We don't get any foreign aid at all from the USA - and that's the way it should be. Also the US has a trade surplus with us - so they are treating us very badly to throw Trump's words back at him.
 
Thumbpicker said:
While it's true that America has been giving foreign aid and stuff to the world but so have we. We don't get any foreign aid at all from the USA - and that's the way it should be. Also the US has a trade surplus with us - so they are treating us very badly to throw Trump's words back at him.
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Great this isn't just about Australia but you forget that and I get where your coming from but your really missing the forest for the trees here or in this case one tree.

IMO if there are tariffs on Australia and they don't tariff us that doesn't make sense and maybe that should be addressed especially being a strategic partner in the region.
 
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About a month ago my investor put about 1/3 of my portfolio into insurance annuities. When he first suggested it, I was like WTF? Again, no expert here, but the way he explained it is that big insurance companies need cash. Prudential for example allows me to let them 'borrow' some of my money for use and then they give me a return. That return can be 4% - 8%. So although that is not an awesome return, the benefit of the insurance annuity is that protects the investor up to 10% in a down turn. So my money would never go negative in that fund and in fact, give me an added 10% cushion.

I hope I explained that right. If anyone knows more about these let me know. For now though - it seems very logical. We will adjust that I'm sure as these mature. Some are 1 year and some are 3 year.

BABMusic said:
Well, based on what I experienced, we'd all be in time-out if this were the TGP.
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Since you are new, this may be some good reading/reference for you :lol: Starting on Page 3 :yes:
 
Wizard of Ozz said:
tariffs_2-3508191.jpg
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Funny, someone, maybe you, just posted that in another thread here a few days ago. It is funny how some people panic and then knee jerk. I won't name names. The smart ones take advantage of this after the sell off to buy low. Those that panic and act irrational probably should hand the money investing reigns over to someone who knows what they are doing.

Edit: that includes myself
 
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