I was 4 1/2...I don't remember shit about it. I was too busy winding up Evil Knievel or looking through the bionic mans magnifying eye.
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POLITICAL THREAD
- Thread starter kybobcat
- Start date
Liberation Day = most self destructive political decision in the US since the Iraq War
Then why complain? Oh, I forgot, TDS. That and you still don't understand what is going on.
About the crash, What crash? A bit over dramatic don't you think? Plus, ebbs and flows. It is people like you who jump ship when ish gets hard (stock market goes down) when most intelligent people say wait it out, history proves it corrects itself in time.
What am I saying, "most intelligent people"? You don't qualify in that statement. I have a bunch of bananas here, why don't you take your shoes off and I will teach you a little math.
Better seek some cover, I heard the sky is heavy with all of those carbon emissions.
Then where were ya'll in 2017 to 2020 when debt increased by 40%? It increased by 30% under Biden and y'all had a cow.
You're just making stuff up. Nobody on here celebrates deficit spending. Are you drunk?
And Trump, in case you haven't been paying attention, is trying to do something about it. What do you think DOGE is ABOUT?
And Trump, in case you haven't been paying attention, is trying to do something about it. What do you think DOGE is ABOUT?
Keep doing your thing but these folk won't believe ya. In the words of @Craftydragon he'll rather trust billionaires than some liberal on RR. Eventhough literally everything you posit is on point.
It's been like 10min since I posted and the market has gone from being down 1k points to 1500.
I said debt. Deficit spending is not the same as national debt.
We have a national debt of 37T. Deficit spending is the difference between our budget and what we spend in a year. If we budget 4T and spend 7T we have a deficit for that year of 3T.
Also a Trade Deficit which is what I was talking about in my tariff post is completely different from a budget deficit which is what you're referring to
Funny you should post this. My wife and I were just discussing this last night. I personally don't own stock. She does and has invested and is teaching my daughter to invest her money in stocks. They have done pretty good so far and of course my wife will not sell either. It is suckers like that who are the ones those in the stock market who make money like.
I feel like Eddie Murphy and Dan Akroyd, waiting for FCOJ to bottom out, before I start buying. LOL
Deficit spending CAUSES the National Debt chief.
Deficit spending CAUSES the National Debt chief.
Well, those numbers are false. Milwaukee had around 30K more votes than Dane did. Not to mention Dane people don't have a life. But make yourself feel good calling a 10% loss as ballot box stuffing. It's a Club MAGA go to feel good emotion over getting off their a$$es and actually voting.
I think you’re starting to catch on. Now where are investors going to put their money? Their mattresses? Or do you think there may be another less risky asset class money might flow to?
Exactly. And actually, NOW is the time to BUY. So far, the market is at the same level that it was 11 months ago. We've bled off 11 months of "earnings" Buying now is easy money.
Regardless, the country is much better off with Trump than Harris.
What makes those "sources" any more trustworthy than the ones who show the math is right?
Oh....they were doing SOMETHING. Spending money we didn't have.
370 billion a year in tariffs on US Exports globally.
50 billion a year in tariffs on Foreign imports into the US.
That math isn't complicated.
I'm cranky today, because it's colonoscopy prep day, so you bastards had better tread lightly. LOL
50 billion a year in tariffs on Foreign imports into the US.
That math isn't complicated.
I'm cranky today, because it's colonoscopy prep day, so you bastards had better tread lightly. LOL
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The facts have been checked.🤣
Plenty of time to sit and type I suppose. 😵💫
Fox Business is shocked that Wall Street is "shorting" Trump's agenda. 🤣 🤣
Ummm... LOL
Ummm... LOL
In "spurts" (pardon the pun) LOL
You don't even know what my original point is. You just write this stuff for "like" clicks as nobody knows wtf you're talking about.
First of all, the "tariffs charged to the U.S." on the chart he presented is literally the trade deficit we have with the country. So that fact alone means what he is presenting is false. Look at the 90% example below.
I'll explain it with a question for ya.
Example 1
Say you have 2 trading partners.
Country A is this political thread
Country B is all of reddit.
Is it reasonable for Country B to not want a trade deficit with Country A? Why?
The answer should be an obvious no.
The math behind these tariffs is basically deficit over exports.
Country B being the bigger country would be expected to receive more goods than they give, correct? There's only so many people on this thread versus the millions on Reddit.
What Trump is doing is taking the deficit of country B and dividing it over the exports from Country A. He takes this and divides the number by 2 to get the reciprocal tariff rate.
Say Country A trades Country B, 10B of goods while Country B trades A 1B of goods. Being that we in Country A are a smaller country, this makes perfect sense as we only have so many people.
Country B has a 9B trading deficit.
Trump is taking 9B, the deficit, and dividing it over 10B, exports from A, which yields 90%.
This 90% will be on his chart as "tariffs charged to the U.S."
The reciprocal tariffs appear to be half of that number or 45%. He's doing this to make sure trade is even between the two countries.
But think about it. How could trade ever be even between these two countries? It can't, which leads to Example 2.
Example 2
Say you have two countries, Country C with 1m people and Country D with 10m people. Each country wants to buy one good for each person in their country. Say each good is $1.
In this example, everyone got received 1 item.
One country would receive 10M goods while the other would receive 1M goods.
I.E. The country with 10M people will have a $9m deficit with the country of 1M people. Did Country C screw over Country D? Trump would say yes but that makes zero sense. Both countries got what they wanted but because of the difference in population, at least in this example, you have high tariff rates for the smaller countries.
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OK, so some voted. Net form that, your claim is that 10% of WI voters were illegals & thus won the election for Dims? You really going to stand by that silly sh!t? If not, what's that got to do with Dims winning?
Neighbor lost two huge limbs last night. He had a chainsaw (as do I) and we got them cut up in short order this morning. One of them missed my car by mere feet. (It's a POS anyway, because that's all I drive (no car payment in over 15 years) LOL
All is well here at the Welder's household! My son is getting ready to leave for class and he just told me that he heard my phone going off nearly all night due to a severe weather alert. The first time I heard it is when I awoke at 0630, lol.
Besides my normal night time meds, I also partake in a little Delta 8 about an hour before I plan on going to sleep ; works like a charm.
Illegals aside, it's f***ing Wisconsin, who KNOWS what those weirdos are going to do election to election.
GO BENGALS.
Speaking of sports, The Cardinals have been a pleasant surprise at the start of the season so far. Ivan Herrera hit three 'taters (a first for a Cardinal catcher) yesterday, and he did it w/o a torpedo bat.
Recall driving down I71 from Cincy a month or two later. A wide (1/2 mile?) swath of downed trees crossed 71 thru a forested area in Oldham. Was unbelievable. I was at work when these occurred, but DW took photos from our apartment balcony of actual funnel clouds. We still have somewhere. Son was 6 mo. old.
Builders employ a lot of people and provide a lot of inventory for homebuyers.
Who does your heart bleed for?
Which is why I have no clue how they'll turn out - good/bad/indifferent. So waiting and seeing. But sure gives short-term ammo to opponents to blame them for any ill-economic changes.
You’ve convinced me. Not only should we drop tariffs so spec builders can continue building spec houses, we should also make sure we don’t deport any illegal aliens because they also rely on that labor.
While we’re at it, maybe the federal government can subsidize mortgage rates for buyers of spec homes rather than trying to rebalance the economy of the US so mortgage rates drop.
Because Trump didn’t give any sources so people went out to figure out why the tariff %’s he showed didn’t match what those countries laws are and people doing what they do figured out what Trumps numbers are exactly by taking the governments numbers and doing math and matching Trump’s numbers exactly. He even said the numbers don’t necessarily represent those countries tariffs they just represent trade imbalance created through fraud or something. I guess I trust the people who showed their math rather than the people just telling me to trust them. You all seem to be in the no math just blind trust camp. That’s fine, but it leads to bad economic outcomes because feels aren’t reals in the economy.
