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Posted
8 minutes ago, Firemans4Horn said:


is that your mailing address?

How do you think that I am able to tolerate posters like you? I’ve seen some stuff man. You are an amateur psycho. Ingest more tweets clown. 

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Posted
fucking idiot
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So wait…which is it…are we going make great, beautiful deals with 200 countries, so these tariffs that we are using for leverage will go down (and thus not yield much revenue), or are big, beautiful tariffs going to stay so high that they raise so much revenue (from US consumers, by the way) that they replace the income tax?
Dumbest. Fucking. Timeline.
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Posted
3 minutes ago, Pancho said:

fucking idiot

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Except none of this is going to happen.  I take that back, we will have lower income taxes when our incomes themselves go to shit..  And manufacturing will continue to move out to tariff neutral countries....

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Posted
13 minutes ago, Brisketexan said:


So wait…which is it…are we going make great, beautiful deals with 200 countries, so these tariffs that we are using for leverage will go down (and thus not yield much revenue), or are big, beautiful tariffs going to stay so high that they raise so much revenue (from US consumers, by the way) that they replace the income tax?
Dumbest. Fucking. Timeline.

Do you even bonanza for America, bro?

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Posted
1 hour ago, Pancho said:

fucking idiot

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I believe him when he says many people will have their income tax eliminated - 30% of $0 of income = $0 income tax.

#winning

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Posted (edited)
1 hour ago, Pancho said:

fucking idiot

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Navarro must have gotten to him again+He had a few green market days last week= he’s back on his tariff horse. 
 

It’ll take another big red dip before Bessent can talk some sense into him. It’s basically been like this since 1/20.

Edited by Bateshorn
Posted

I cycle with some older people and yesterday I made the comment about new bikes going up since we get our carbon fiber from China and 3 of them said China is backing down. I then spent 10 minutes showing them that wasn’t the case. I really feel like they listened. Lol 

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Posted
16 minutes ago, dieucla98 said:

I believe him when he says many people will have their income tax eliminated - 30% of $0 of income = $0 income tax.

#winning

And I believe him when he says the focus will be on people making less than 200k. To be paying all the tariffs. 

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Posted
43 minutes ago, Clintonaldo said:

I cycle with some older people and yesterday I made the comment about new bikes going up since we get our carbon fiber from China and 3 of them said China is backing down. I then spent 10 minutes showing them that wasn’t the case. I really feel like they listened. Lol 

And then they went home, turned on OAN and forgot EVERYTHING you told them.

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Posted (edited)
8 hours ago, Pancho said:

 

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public service announcement: if you were ever gonna cheat on your taxes, now is exactly the time to do it.  The IRS is gutted.

 

Edited by Gatorubet
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Posted
22 minutes ago, Firemans4Horn said:

 

The shelves at Albertson’s are going to be pretty bare. Grocery margins are already super thin and I don’t think suppliers are going to want to sell at a loss.

Posted

How do grocery contracts work?  What's their term?

Also, more broadly, how are tariff increases typically handled in commercial contracts?  My guess would be the buyer is responsible for all applicable taxes applied by the destination country.

Posted (edited)
37 minutes ago, TwiceHorn said:

How do grocery contracts work?  What's their term?

Also, more broadly, how are tariff increases typically handled in commercial contracts?  My guess would be the buyer is responsible for all applicable taxes applied by the destination country.

The short version is that commodity products are priced by market forces in real time and fundamentally subject to demand.
The long answer is extremely complex and the extremely long, but relatively straightforward in that you can’t price in what the market won’t accept, so who ends up wearing the cost increase comes down to 1) elasticity, 2) who has leverage and, 3 on the other hand, who has the balance sheet to use a secular cost increases to consolidate share. 
The bigger and stronger a player is, the most likely it is that for inelastic goods  they eat cost or even lower prices to take share unless they think nobody else can. 

Contracts are unimportant. Most high volume relationships are done on what amounts to papered up handshake. 

Edited by Bozo_Casanova
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Posted

Met up yesterday w/ my buddy who's trying to sell his home in Westlake so he & his wife can settle permanently in the PNW. The tariffs have fucked him twice w/ buyer's backing out during the option period due to the market volatility.

Posted

So how bad is this gonna get, and for how long?

What I mean is, some items will be easier than other to start making here, or to find other arrangements for, besides China.

How long will our shelves be empty, and of which products specifically?  Clothing and electronics seem obvious, but what about medications and other essentials?

I have food and water for about 6 weeks, and toilet paper and paper towels for maybe twice that long.  What else do we need to be doing?

Posted
7 minutes ago, TexArcher said:

So how bad is this gonna get, and for how long?

What I mean is, some items will be easier than other to start making here, or to find other arrangements for, besides China.

How long will our shelves be empty, and of which products specifically?  Clothing and electronics seem obvious, but what about medications and other essentials?

I have food and water for about 6 weeks, and toilet paper and paper towels for maybe twice that long.  What else do we need to be doing?

Shortages would be the least of our problems in the “bad” scenario. 

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Posted
21 hours ago, Firemans4Horn said:


 

Seems bad

I know what's eatin' you, kid. But I got two thousand dues-payin' members in my local— that's seventy-two thousand a year legitimate and when each one of 'em puts in a couple of bucks a day to make sure they work steady— well, you figure it out. And that's just for openers. We got the fattest piers in the fattest harbor in the world. Everything that moves in and out— we take our cut.



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