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Posted
45 minutes ago, Underdog said:

President Weak-kneed flip flopping on China tariffs, we’ll see how much money his inner circle makes this go around on insider trading. 

To be clear isn’t the news just that he might flip flop on his trade war with China but hasn’t decided? Then the stocks all shot up based on hope and vibes? Bc economic outlook looks bleak over even just the next quarter. Recession, job losses, etc are only about a month away 

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Posted
7 minutes ago, Pig Bellmont said:

To be clear isn’t the news just that he might flip flop on his trade war with China but hasn’t decided? Then the stocks all shot up based on hope and vibes? Bc economic outlook looks bleak over even just the next quarter. Recession, job losses, etc are only about a month away 

It's all vibes. Tesla shit the whole bed in their Q1 numbers and it's up 7%+ today. This is a hell of a way to run a country.

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Posted (edited)

This is the pump phase of the pump and dump. If you didn't buy on Monday, probably best to wait until Until the Orange Man from Queens loses his temper on Friday and fires up Truth Social on Sunday. 

 

Being serious:  All the economy's fundamentals are looking not great and getting worse. Buying and selling right now is like trying to time the market post Bear, pre Lehman.  The damage is done. It's all about hoping there are pieces to pick up on the other side. 

Edited by Bateshorn
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Posted

The treasury secretary is essentially saying China needs to change their entire economy and the market is cheering it. At some point, you just have to laugh and buy. Again, Dems have to come up with better talking points than a lower market. 

Posted
1 minute ago, Hugo Stiglitz said:

Can’t wait for the corporate tax cuts and stock buybacks to artificially inflate the market again. 

It is painfully clear that while there are savvy traders out there, most of Wall Street, even big money, doesn't understand the dysfunction at 1600 Penn at any level.  I mean, the neck beards on r/WSB might as well be the primary test subjects for RFK, Jr. autism trials. 

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Posted
Just now, Dr. Teeth said:

The treasury secretary is essentially saying China needs to change their entire economy and the market is cheering it. At some point, you just have to laugh and buy. Again, Dems have to come up with better talking points than a lower market. 

Yeah.  It's like Navarro and Trump ranting about VAT's.  I'm sure the entire rest of the world is just going to scrap their entire tax code because you said so. That's definitely going to happen. 

Posted (edited)

What is the fucking deal with VAT?  The only one with which I am familiar is Europe's, and it applies equally to domestic or imported goods purchased for consumption or use in Europe.

I cannot figure any way in which it affects trade balances.

I guess because it isn't charged on goods exported from Europe?  

Edited by TwiceHorn
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Posted
30 minutes ago, The Royal We said:

It's all vibes.

At this point, that statement is rock-solid truth.  That's because "reality" is so insane and impossible to calculate at present and predict in the future that it simply cannot form a basis for any business or valuation decisions.  When objective reality goes "poof," all you HAVE LEFT to base your decisions on is "vibes."  Which, of course, is a terrible place for an economy to be, because "vibes" aren't real either, and thus they can change 180 degrees in an instant without any external, objective event to cause that direction change.

The market and many stocks were more disconnected from reality and fundamentals than was healthy.  The Trump admin's approach to uprooting and trashing the entire global economy not only does not improve that situation to tether things more closely to reality, it actually makes things worse in that respect.

There's nothing about Ron Vara's approach to things (and that's exactly what we're seeing implemented here -- an economic approach that comes from a LITERAL pathologically lying madman) that makes long-term sense or will make anything better.  It's all bad.  All of it.  Even the tiny slivers of it that MIGHT be somewhat good in a different or limited context (see, e.g., targeted tariffs having their place), are executed in such a way as to be super shitty.

Posted
Just now, TwiceHorn said:

What is the fucking deal with VAT?  The only one with which I am familiar is Europe's, and it applies equally to domestic or imported goods purchased for consumption or use in Europe.

I cannot figure any way in which it affects trade balances.

It doesn't.  The problem here is that the people bitching about them are so, so, so dumb.  FFS, it works pretty much like a sales tax, and nobody claims that Texas's sales tax - which tacks 6.25% onto every shoe sold here, whether it was made in Austin, Boston, or Shanghai - skews any trade balance.  Because it doesn't.  At all.

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Posted
2 minutes ago, TwiceHorn said:

What is the fucking deal with VAT?  The only one with which I am familiar is Europe's, and it applies equally to domestic or imported goods purchased for consumption or use in Europe.

I cannot figure any way in which it affects trade balances.

Think of the dumbest, most idiotic arguments made by dumbasses on surly. Now imagine them in the white house. That Helobious-level of thinking is what's steering the ship now. 

 

They're probably all jacked up on VAT because someone mentioned it and they latched onto it like a dog with a bone

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Posted (edited)
12 minutes ago, TwiceHorn said:

What is the fucking deal with VAT?  The only one with which I am familiar is Europe's, and it applies equally to domestic or imported goods purchased for consumption or use in Europe.

I cannot figure any way in which it affects trade balances.

I guess because it isn't charged on goods exported from Europe?  

Correct. On exports, the exporter can file for a credit to absolve them of their payments on receipt prior to export. Going the other direction, the VAT gets charged on imports upon arrival to release from customs. 

Trump and Navarro's obsession with it is dumb as fuck. Instead, they should implement a VAT as part of the tax bill, and offset the income tax cuts revenue loss.  You'd think a party that has been wistfully dreaming of a national sales tax for decades would get that, but we live in the stupidest timeline. 

I think one of the only clever things Paul Ryan did was suggest a Carbon based VAT during the initial Trump tax bill, but Grover Norquist threw a fit and it died on the vine. 

Edited by Bateshorn
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Posted
6 minutes ago, Horn Under a Bad Sign said:

At least the national parks will be less crowded this summer ---- and for the next three years.

image.jpeg.80ba038a9dbf72bf95bf4ed18aabbc92.jpeg

nah, they'll be sold off and privatized over the next few years and you won't get to visit them at all. tired of winning yet?

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Posted
1 minute ago, Longhorn_Fan68 said:

nah, they'll be sold off and privatized over the next few years and you won't get to visit them at all. tired of winning yet?


By not letting people visit, the overstressed national parks will recover from years of overuse. Trump is actually an environmentalist. 

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Posted
3 hours ago, The Royal We said:

It's all vibes. Tesla shit the whole bed in their Q1 numbers and it's up 7%+ today. This is a hell of a way to run a country.

Well, when business is down 2 billion that means there are significant cost savings for the company when you cut a large part of the accounting department who don’t have to process sales anymore.

Tesla is getting lean and mean baby, a self-DOGE!!! 

 

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Posted
18 minutes ago, Horn Under a Bad Sign said:

At least the national parks will be less crowded this summer ---- and for the next three years.

image.jpeg.80ba038a9dbf72bf95bf4ed18aabbc92.jpeg

Jokes on you, libtard: all the western ones will be unstaffed and on fire.  OTOH, nobody will stop you from jumping into Thunderhole at Acadia and drowning in the Gulf of Maine. Freedom!!!

Posted
2 hours ago, Bateshorn said:

Correct. On exports, the exporter can file for a credit to absolve them of their payments on receipt prior to export. Going the other direction, the VAT gets charged on imports upon arrival to release from customs. 

Trump and Navarro's obsession with it is dumb as fuck. Instead, they should implement a VAT as part of the tax bill, and offset the income tax cuts revenue loss.  You'd think a party that has been wistfully dreaming of a national sales tax for decades would get that, but we live in the stupidest timeline. 

I think one of the only clever things Paul Ryan did was suggest a Carbon based VAT during the initial Trump tax bill, but Grover Norquist threw a fit and it died on the vine. 

I guess is is as simple(ton) as Europeans pay more for their own goods than they charge Americans because of VAT.

That's.  Just.  We tall did.

Posted
1 minute ago, Horn Under a Bad Sign said:

Why are y'all whining when you've recently got the best jobs, the biggest paychecks, and the greatest economy the world has ever seen? Talk about ungrateful!

 

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page people GIF

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Posted
17 minutes ago, Firemans4Horn said:

“Sorry, not sorry your tourism business failed. We’ve been busy searching business travelers buttholes”

 

 

My CEO would beg to differ. 

Posted
7 hours ago, Bateshorn said:

It is painfully clear that while there are savvy traders out there, most of Wall Street, even big money, doesn't understand the dysfunction at 1600 Penn at any level.  I mean, the neck beards on r/WSB might as well be the primary test subjects for RFK, Jr. autism trials. 

Its not clear to me that these gigantic index moves both up and down are "trader led," not even close. Before news even is out for a few minutes, the market can spike 2% or more. That is 100% algorithmic trading with no person pushing the buy button. That kind of insane volume is coming from computers, and that in its own right is scary. Its not so much that computers don't understand the dysfunction as much as it is they don't fucking care.  they are programmed to exploit the markets to make money.  Thats it. The rest of us are along for the ride and don't influence shit. They don't give a fuck about your bundle of blue chips or your 401K. They would gladly dock your net worth by 50% if it adds a few bips to their profits. Just another example of this country selling out the individual to benefit the corporations. 

 

 

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