Jump to content

Bateshorn

Legacy Members
  • Posts

    5661
  • Joined

  • Last visited

Everything posted by Bateshorn

  1. Tariffs might initially be inflationary, in that they will cause a price spike, long term they are aggressively deflationary, as they are a defacto sales tax. Goods with inelastic demand will become more expensive as the government pulls money out of the economy (pr domestic producers raise prices to collect more profit) via customs collection, and the resulting pass through pricing, while elastic goods will see their demand drop, reducing overall economic activity. There is a reason that big tariff bills had a bad propensity to induce panics and recessions during the 19th century: they tended to kill economic growth and smother the economy. Luckily, we aren't on the gold standard, which excerbated those panics....at least we aren't right now.
  2. Most of the national debt is actually held by the federal government. It's money we owe ourselves. It's how Social Security will cover it's revenue short fall in a few year's if the current tax and benefit numbers aren't adjusted.
  3. While it hasn’t been consistent, he seems to get mouthy about tariffs after a green day.
  4. It’s a key ingredient in making steel.
  5. “Termed out”
  6. Pharmaceutical grade copium.
  7. Este. If I wanted overpriced oak bombs. I’ll just drink Yellowtail then set a 100 bill on fire. Ana being a Cakebread or Silver Oak honk is very on brand .
  8. I'm going to go snap up some CdP and other Rhones plus Right Bank Bordeaux's this weekend. It's going to be a long 4 years.
  9. We are getting dangerously close to a Katie-bar-the-door moment where retail long investors start to panic.
  10. The other issue is the authority he is using under the National Emergencies Act can be revoked by Congress in an expedited fashion and without his signature. Of course the House GOP cucked it self for this year and blocked an effort to force a congressional vote, but the uncertainty question remains. You can’t build an industrial policy on the back of an economics provision designed to give President’s short term economic powers. Sure companies will say all the right things. But I’m not actually going to put real money into a factory in Cleveland under such an impermanent policy.
  11. Like Zores? or Tsores? Trouble? He's definitely a paskudnyak. To be fair, I picked up most of my Yiddish from my friends who were from Brookline when I was at Bates. And that was a looooooong time ago, so it's pretty rusty.
  12. I don't know how he manages to be a putz and a schmuck at the same time, since that's usually not possible, but he's just breaking rules all over the place.
  13. I normally think the Surl is fucking insane with it's "Seen hotter on campus" bullshit, but that is.......well, Cringe is being charitable.
  14. It's also hard to tell if the CPI number is showing a gradual cooling of inflation, or has just caught the beginning of consumers snapping their wallets shut out of fear and uncertainity. If there wasn't so much policy turmoil, it would look more like a butter smooth former air force pilot landing.
  15. I guess we are going to find out how rubber the cat is.
  16. Also, Delta business travelers and their constant status whining are insufferable AF.
  17. I’ve seen this episode of “Just kidding about the tariffs with Howard Lutnick.”
  18. El no habla, actually. For our hispanic longhorns: He's one of *those.*
  19. We are going to end up in a Hot war with Canada because Trump is envious that Trudeau could fuck both his wife and his daughter. And he's not wrong.
  20. Este. He hates Trudeau and thinks of them as pushovers. Those of us who actually know Canadians know that beneath that very pleasant demeanor, they are fucking nails. Also: Those guys can get their war and genocide on.
  21. With out advanced trading tools, watching the buyers/calls try to rally the market is sort of sad/fascinating. It's like they'll fight the market back up to something approaching stabiliy/equilibrium, then a fresh wave of selling will pull them out to sea.
  22. Eggs? Slow down there Thurston Howell.
×
×
  • Create New...