| Author |
|
Mark Haslett
Byrne Robotics Member
Joined: 19 April 2004
Location: United States
Posts: 6765
|
| Posted: 09 April 2025 at 5:20pm | IP Logged | 1
|
post reply
|
|
What’s more likely?
Trump got really worked up about “trade deficits” and stumbled upon
Tariffs as a potential remedy which no one has been able to talk him out of
for 30 years, or…
Trump was told by someone that a strongman leader can use tariffs as a
weapon to manipulate markets and to reorganize the entire world with
everyone waiting at your feet to experience your next whim?
|
| Back to Top |
profile
| search
|
| |
ron bailey
Byrne Robotics Member
Joined: 16 October 2016
Location: United States
Posts: 1200
|
| Posted: 09 April 2025 at 5:35pm | IP Logged | 2
|
post reply
|
|
Basically, tariffs are Trump's hammer (because that's all he comes close to being able to understand, economically), and he sees the relationship with the world only in terms of nails. Sadder is how he came about relying on Peter Navarro: he assigned Jared Kushner the task of finding an economic advisor, and he found him through an Amazon search and came upon his book, Death By China. The rest is sad history.
|
| Back to Top |
profile
| search
|
| |
Brennan Voboril
Byrne Robotics Member
Joined: 15 January 2011
Posts: 1810
|
| Posted: 09 April 2025 at 5:39pm | IP Logged | 3
|
post reply
|
|
90 day pause announced, except on China - which is not at 125%. Markets are roaring back. Nasdaq up nearly 10%.
|
| Back to Top |
profile
| search
|
| |
James Woodcock
Byrne Robotics Member
Joined: 21 September 2007
Location: United Kingdom
Posts: 8054
|
| Posted: 09 April 2025 at 6:26pm | IP Logged | 4
|
post reply
|
|
Guess it dropped enough for him and his mates to make a shit tonne of
money due to the fall/rally
This is getting slightly predictable now.
Meanwhile my pension pot has lost a 10% over the last few weeks.
|
| Back to Top |
profile
| search
e-mail
|
| |
Brennan Voboril
Byrne Robotics Member
Joined: 15 January 2011
Posts: 1810
|
| Posted: 09 April 2025 at 6:43pm | IP Logged | 5
|
post reply
|
|
I rather think Trump was staring into the abyss of a collapse of the world financial system and blinked. And, let's remember bear markets have the most fierce rallies.
|
| Back to Top |
profile
| search
|
| |
Dave Kopperman
Byrne Robotics Member
Joined: 27 December 2004
Location: United States
Posts: 3667
|
| Posted: 09 April 2025 at 7:03pm | IP Logged | 6
|
post reply
|
|
For those on the fringes of capitalism (such as people with retirement accounts), losses are quick but gains are slow.
|
| Back to Top |
profile
| search
| www
|
| |
James Woodcock
Byrne Robotics Member
Joined: 21 September 2007
Location: United Kingdom
Posts: 8054
|
| Posted: 09 April 2025 at 7:12pm | IP Logged | 7
|
post reply
|
|
Strange isn't it?
This will take over 6 months to correct itself I think.
That's assuming he doesn't do any more raids on the stock
market, which is what I now think he and his mates are
doing.
While destroying democracy of course.
And to anyone who thinks that is hyperbole, let's talk in
three years time when he goes for his third term shall we?
|
| Back to Top |
profile
| search
e-mail
|
| |
Dave Kopperman
Byrne Robotics Member
Joined: 27 December 2004
Location: United States
Posts: 3667
|
| Posted: 09 April 2025 at 8:59pm | IP Logged | 8
|
post reply
|
|
If I took everything into account, it took my wife and I roughly a decade to completely pass the effects of the 2008 Recession through our personal finances. Trump effectively wiped out ten trillion dollars in the course of a week, and there's no sign of any real stability coming up (markets like stability, and so do I). The effects of this month alone could have an impact for the middle class for years to come.
|
| Back to Top |
profile
| search
| www
|
| |
Michael Penn
Byrne Robotics Member
Joined: 12 April 2006
Location: United States
Posts: 12860
|
| Posted: 09 April 2025 at 9:32pm | IP Logged | 9
|
post reply
|
|
He's just trolling us?
>> Stocks Stage Furious Rally as Trump Pauses Some Tariffs China tariff increases to 125%; Dow soars 2,900 points, Nasdaq jumps 12% on 90-day reprieve
[Wall Street Journal] >>
|
| Back to Top |
profile
| search
|
| |
James Johnson
Byrne Robotics Member
Joined: 16 March 2009
Location: United States
Posts: 2202
|
| Posted: 09 April 2025 at 9:48pm | IP Logged | 10
|
post reply
|
|
To narrow this down, the White Brains Grifter blinked.
He used the people "whined"and "yipped" excuse to step away. No. The people were getting pissed that he was fucking over their livelihoods.
Tariffs that he was placing out there were ridiculous.
|
| Back to Top |
profile
| search
|
| |
Brian Miller
Byrne Robotics Member
Joined: 28 July 2004
Location: United States
Posts: 31510
|
| Posted: 09 April 2025 at 10:07pm | IP Logged | 11
|
post reply
|
|
Now he’ll try to claim the stock market had the biggest increase in the
history of forever and tomorrow because of him.
|
| Back to Top |
profile
| search
|
| |
Mark Haslett
Byrne Robotics Member
Joined: 19 April 2004
Location: United States
Posts: 6765
|
| Posted: 09 April 2025 at 10:33pm | IP Logged | 12
|
post reply
|
|
Has the tariff merry-go-round done its last spin?
Or will the carny I the White House keep yanking this lever until the handle
falls off?
|
| Back to Top |
profile
| search
|
| |