LIBERATION DAY: 90 day pause on all tariffs except China

[jbycho 577]

Could liberals get any dumber? 

[The Psychic Observer 495]

Trump said multiple times tonight on Air Force one that he's not going to tolerate trade deficits and that he's collecting billions of dollars from China.

He has no idea how tariffs or trade work.

[jbycho 577]

5 minutes ago, The Psychic Observer said:

Trump said multiple times tonight on Air Force one that he's not going to tolerate trade deficits and that he's collecting billions of dollars from China.

He has no idea how tariffs or trade work.

Ok. 

[Gepetto 1,285]

 

[The Real timschochet 6,388]

To be honest, while I predicted these tariffs would be catastrophic for the economy, I thought that would be long term and take many months to show. I didn’t expect things to go south so quickly. This is damn scary. 

[CaptainObvious1 319]

3 minutes ago, The Real timschochet said:

To be honest, while I predicted these tariffs would be catastrophic for the economy, I thought that would be long term and take many months to show. I didn’t expect things to go south so quickly. This is damn scary. 

So is 10 million illegal Mexicans crossing the border and not paying taxes and being paid illegally by schmucks like you.   Or idiots like Biden wanting to waive college loans for people that made poor choices in turn punishing those that made responsible choices.  Deal with it.  Your inheritance from dad will survive.

[seafoam1 2,797]

4 minutes ago, The Real timschochet said:

To be honest, while I predicted these tariffs would be catastrophic for the economy, I thought that would be long term and take many months to show. I didn’t expect things to go south so quickly. This is damn scary. 

Everyone knows you are scared timmy. You post it 100 times a day. No one cares. 

[supermike80 1,794]

1/2 of the country are liberal.  And it has been proven enough times that liberals are 100% emotion first.  So they are selling off their investments in droves.  I'm certain you have 20 something, even 30 something liberals that are doing stupid things with their 401k's, because they are utterly without logic.   

It's a shame but the folks on the right need to understand this liberal feeling issue.  It's very real and manifests itself in sooo many things.

[The Real timschochet 6,388]

Just now, supermike80 said:

1/2 of the country are liberal.  And it has been proven enough times that liberals are 100% emotion first.  So they are selling off their investments in droves.  I'm certain you have 20 something, even 30 something liberals that are doing stupid things with their 401k's, because they are utterly without logic.   

It's a shame but the folks on the right need to understand this liberal feeling issue.  It's very real and manifests itself in sooo many things.

You’re really arguing here that most of the folks selling their stocks are liberal? Seriously? What about all of the international stock exchanges that are tanking this morning? Are they all liberal too? 
 

Some of the nonsense I read here is just amazing. 

[supermike80 1,794]

1 minute ago, The Real timschochet said:

You’re really arguing here that most of the folks selling their stocks are liberal? Seriously? What about all of the international stock exchanges that are tanking this morning? Are they all liberal too? 
 

Some of the nonsense I read here is just amazing. 

Yes..I am willing to bet the majority of the selloff is liberal driven.   It's not a hard stretch

[seafoam1 2,797]

2 minutes ago, The Real timschochet said:

You’re really arguing here that most of the folks selling their stocks are liberal? Seriously? What about all of the international stock exchanges that are tanking this morning? Are they all liberal too? 
 

Some of the nonsense I read here is just amazing. 

Keep being scared timmy. 

[The Real timschochet 6,388]

3 minutes ago, supermike80 said:

Yes..I am willing to bet the majority of the selloff is liberal driven.   It's not a hard stretch

You do realize that almost every conservative economist believes these tariffs are a total disaster right? And most of the Republican politicians that are willing to be honest do as well? Are they all liberal now too? Never mind, why do I bother? 

[supermike80 1,794]

1 minute ago, The Real timschochet said:

You do realize that almost every conservative economist believes these tariffs are a total disaster right? And most of the Republican politicians that are willing to be honest do as well? Are they all liberal now too? Never mind, why do I bother? 

And every economist will say DONT SELL OFF YOUR SH!T....Yet, liberals are doing it.   

You get that right?  If youre in the early stages of your career you should not do anything?

Yeah, you shouldn't bother.   I think the board agrees that would be welcomed from you

[Strike 5,181]

8 minutes ago, The Real timschochet said:

You do realize that almost every conservative economist believes these tariffs are a total disaster right? And most of the Republican politicians that are willing to be honest do as well? Are they all liberal now too? Never mind, why do I bother? 

Whenever you say ALL or ALMOST ALL I know your just making sh*t up, and you NEVER support those assertions.  It's pathetic and has no credibility.

[The Psychic Observer 495]

5 minutes ago, supermike80 said:

And every economist will say DONT SELL OFF YOUR SH!T....Yet, liberals are doing it.   

You get that right?  If youre in the early stages of your career you should not do anything?

Yeah, you shouldn't bother.   I think the board agrees that would be welcomed from you

Economists don't give investment advice.  They are not saying DONT SELL OFF YOUR SH!T.  What they are saying is that these tariffs are very stupid and very bad for the US and global economy.

Trump fanboy Bill Ackman said we're headed to a self induced economic nuclear winter.  Is he now a liberal?

[The Real timschochet 6,388]

7 minutes ago, supermike80 said:

And every economist will say DONT SELL OFF YOUR SH!T....Yet, liberals are doing it.   

You get that right?  If youre in the early stages of your career you should not do anything?

Yeah, you shouldn't bother.   I think the board agrees that would be welcomed from you

I agree that people shouldn’t sell. I agree that many who do are panicking. (Though others are simply making a different calculation.) 
It’s your assertion that it’s mostly liberals because they’re emotional- that’s the ridiculous part. If you truly believe this there is a deep flaw in your thinking, though it does explain some of your other beliefs. 

[The Psychic Observer 495]

1 minute ago, Strike said:

Whenever you say ALL or ALMOST ALL I know your just making sh*t up, and you NEVER support those assertions.  It's pathetic and has no credibility.

Can you name one economist that is not in the admin or not a Trump fanboy that thinks that this policy is a good idea?

[The Real timschochet 6,388]

3 minutes ago, Strike said:

Whenever you say ALL or ALMOST ALL I know your just making sh*t up, and you NEVER support those assertions.  It's pathetic and has no credibility.

Can you find an economist, independent of the White House, who approves of these tariffs? I can’t. 

[The Real timschochet 6,388]

1 minute ago, The Psychic Observer said:

Can you name one economist that is not in the admin or not a Trump fanboy that thinks that this policy is a good idea?

Beat me to it. 

[supermike80 1,794]

2 minutes ago, The Real timschochet said:

I agree that people shouldn’t sell. I agree that many who do are panicking. (Though others are simply making a different calculation.) 
It’s your assertion that it’s mostly liberals because they’re emotional- that’s the ridiculous part. If you truly believe this there is a deep flaw in your thinking, though it does explain some of your other beliefs. 

If you can sit there and tell me you don't think liberals are more emotional than the general public, then I don't know what to say to you.

[thegeneral 2,877]

It’s the liberal’s fault

Can’t make this stuff up.

[Strike 5,181]

3 minutes ago, The Psychic Observer said:

Can you name one economist that is not in the admin or not a Trump fanboy that thinks that this policy is a good idea?

*I* am not the one making assertions and have no desire to do the research.  @The Real timschochet made an assertion that I KNOW he just made up so I am pointing that out.

[Strike 5,181]

3 minutes ago, The Real timschochet said:

Can you find an economist, independent of the White House, who approves of these tariffs? I can’t. 

I already responded. 

[The Psychic Observer 495]

7 minutes ago, Strike said:

*I* am not the one making assertions and have no desire to do the research.  @The Real timschochet made an assertion that I KNOW he just made up so I am pointing that out.

If you KNOW he made it up then clearly you can name one economist, right?

Truth is he didn't make it up.  Everyone who has been following the news and listening to the economists knows this is true.

[Engorgeous George 2,117]

16 hours ago, shadrap said:

Hey, nice start to the day.  Regarding all the hate & doomsday predictions by some in here(not you) maybe give it some time.  New tariffs were announced 5 days ago.  I'm a wait & see guy.  If the public has the patience for 6 months we will come out better.  IMHO

I am not active in the Market.  I have a brother who is a day trader so i follow the swings for conversational purposes..  

[supermike80 1,794]

17 minutes ago, thegeneral said:

It’s the liberal’s fault

Can’t make this stuff up.

I'm not saying it's the liberals fault.  That wasn't my point.  Do I feel liberals, like Tim, are panicking?  Absolutely.  No question about it

[Engorgeous George 2,117]

25 minutes ago, Strike said:

Whenever you say ALL or ALMOST ALL I know your just making sh*t up, and you NEVER support those assertions.  It's pathetic and has no credibility.

Tim has the same impediment as does Trump.  They both cannot help themselves but to speak in absolutes when the world is much more subtle and varied. They are the obverse and reverse sides of the same coin.

[Strike 5,181]

12 minutes ago, The Psychic Observer said:

If you KNOW he made it up then clearly you can name one economist, right?

Truth is he didn't make it up.  Everyone who has been following the news and listening to the economists knows this is true.

No one listens to *ALL* of anything.  It's not actually possible. 

[The Psychic Observer 495]

Trump just said he's raising China tariff to 50% if they don't remove their retaliatory tariff.

He's not well.  He's gonna get himself killed.

[The Psychic Observer 495]

1 minute ago, Strike said:

No one listens to *ALL* of anything.  It's not actually possible. 

Forgetting the fact that he is deploying hyperbole which anyone with a working brain can infer, I'm still waiting for you to name one economist outside of Magaworld that thinks this is a good idea.

[Strike 5,181]

Just now, Engorgeous George said:

Tim has the same impediment as does Trump.  They both cannot help themselves but to speak in absolutes when the world is much more subtle and varied. They are the obverse and reverse sides of the same coin.

Yep.  He SHOULD say every economist he has heard but he wants to pretend it's absolute.  On the rare occasion something like this is absolute it should be well documented and Tim should be able to share that documentation.  If not, he's making it up.  And usually he's just making it up.

[Beaker15 233]

2 hours ago, The Real timschochet said:

To be honest, while I predicted these tariffs would be catastrophic for the economy, I thought that would be long term and take many months to show. I didn’t expect things to go south so quickly. This is damn scary. 

Stock market and economy are not one in the same.  Underlying economy still very solid.  Only prolonged tariffs will hurt economy.  I am willing to bet that we get deals worked out relatively quickly and the now 25% effective tariff rate is lowered to around 10% where the economy will avoid a recession.

[Strike 5,181]

4 minutes ago, The Psychic Observer said:

Forgetting the fact that he is deploying hyperbole which anyone with a working brain can infer, I'm still waiting for you to name one economist outside of Magaworld that thinks this is a good idea.

So you admit Tim made it up.  Cool.  Too bad we wasted so much back and forth when we are already in agreement on my point.

[thegeneral 2,877]

9 minutes ago, supermike80 said:

I'm not saying it's the liberals fault.  That wasn't my point.  Do I feel liberals, like Tim, are panicking?  Absolutely.  No question about it

Panicking or pointing out this is a huge fockup of epic proportions?

[Engorgeous George 2,117]

4 minutes ago, Beaker15 said:

Stock market and economy are not one in the same.  Underlying economy still very solid.  Only prolonged tariffs will hurt economy.  I am willing to bet that we get deals worked out relatively quickly and the now 25% effective tariff rate is lowered to around 10% where the economy will avoid a recession.

I suspect and hope you are correct.  As for being certain enough to bet, well I am generally not a betting man, not anymore. (I do get that your use of that term was simply an expression )

[The Psychic Observer 495]

Just now, Strike said:

So you admit Tim made it up.  Cool.  Too bad we wasted so much back and forth when we are already in agreement on my point.

Do I think Tim personally talked to every economist in the world before making that statement?  Of course not.  Does that imply he "made it up"?  Hardly.

I bet you're a lot of fun to conversate with in real life.

 

[supermike80 1,794]

2 minutes ago, thegeneral said:

Panicking or pointing out this is a huge fockup of epic proportions?

Woah hold the phone.   Tim is pointing out this is a huge fock up?  When?

[Mike Honcho 5,080]

59 minutes ago, supermike80 said:

1/2 of the country are liberal.  And it has been proven enough times that liberals are 100% emotion first.  So they are selling off their investments in droves.  I'm certain you have 20 something, even 30 something liberals that are doing stupid things with their 401k's, because they are utterly without logic.   

It's a shame but the folks on the right need to understand this liberal feeling issue.  It's very real and manifests itself in sooo many things.

 

40 minutes ago, Strike said:

Whenever you say ALL or ALMOST ALL I know your just making sh*t up, and you NEVER support those assertions.  It's pathetic and has no credibility.

 

33 minutes ago, Strike said:

*I* am not the one making assertions and have no desire to do the research.  @The Real timschochet made an assertion that I KNOW he just made up so I am pointing that out.

You gotta love Strike, Tim responds to someone completely making assumptions and generalizations, attacks Tim for making assumptions and generalizations, nada, zip, nothing for the other person doing it.

[The Real timschochet 6,388]

7 minutes ago, Engorgeous George said:

Tim has the same impediment as does Trump.  They both cannot help themselves but to speak in absolutes when the world is much more subtle and varied. They are the obverse and reverse sides of the same coin.

What I wrote is that almost all economists believe these tariffs are a disaster. Perhaps that is absolutist, but the fact is I haven’t been able to find one who thinks otherwise. Now I have found plenty of political thinkers, some quite smart, who have defended these tariffs or who believe they will work for various reasons. (And some have made compelling arguments based on one principle- that principle being that Trump’s ultimate goal is to get other nations to lower their tariffs. If that is truly his goal, then perhaps this will work. But if it isn’t his goal then these arguments fail.) But no economists. At least not one that I can find. Is that nuanced enough for you? 

[MDC 7,111]

9 minutes ago, Beaker15 said:

Stock market and economy are not one and the same.  Underlying economy still very solid.  Only prolonged tariffs will hurt economy.  I am willing to bet that we get deals worked out relatively quickly and the now 25% effective tariff rate is lowered to around 10% where the economy will avoid a recession.

Will that be enough time to get all the new manufacturing facilities off the ground?