Random Thoughts.....What Are You Thinking?

Nasdaq -4.77% atm, is this bloodbath enough? >.>

He won't stop, America has to do this.

Are you also a ***eater Panta??

I've clearly developed Old Man processing in my brain, because I for one think that while painful, a hardcore correction on the valuation of Money is probably what would be the best longterm. It won't be pretty for those who have to live through it and fix it...but the times its happened in the past have in the long run resulted in better days.

I've clearly developed Old Man processing in my brain, because I for one think that while painful, a hardcore correction on the valuation of Money is probably what would be the best longterm. It won't be pretty for those who have to live through it and fix it...but the times its happened in the past have in the long run resulted in better days.u

I am all for Americans trying to fix economy and negotiate a deal that they are happy with. but this just doesn't work, it isn't fair and it's terrible.

Saw gas had gone up by 20 cents in one day here. All because one idiot doesn't know what he is doing. No, America doesn't have to do this. It's completely pointless, not one American will benefit from it. Things are getting worse for no reason other than one man's ego. They are openly lying about every facet of this fiasco. Short term pain transition to long term pain. There are no gains to be had.

Corporations have no loyalty to anyone, unions have increased the demands of american workers above everyone else in the world.

Corporations will (have) fire all American workers, build factories in other nations and ship the final products back to the United states and saving hundreds of millions in doing so. Mass millions of Americans out of work and the destruction of the American manufacturing economy, also reliance on aggressive nations to make their war materials and medications isn't intelligent strategy if they ever decide to cut the us off over a dispute.

Tariffs force companies to build factories in the US and employ US workers, short term it will hurt because America doesn't make anything anymore and so imported goods will be more expensive. Long term it will be a massive win, because America will be making all these things from American workers and the taxes and profits will all go back into the us economy.

One of the reasons so many western nations are importing so many 3rd world immigrants is to work in the factories and industries, that are in effect cheap labour to undercut the American worker.

Seems pretty simple to me.

Not only is it good, but it is needed to be done or the country will face utter collapse in 20-30 years. Already in massive and almost unrecoverable debt.

They didn't know what the word meant. They're too stupid to be allowed to participate.

They're about to find out though, this is the real find out phase for the *** around.

Jobs are -never- coming back. Period.

It costs 10 cents an hour to pay a chinese child slave to build a phone.

It costs $100 an hour to pay an american to build a phone.

It's not happening. Ever. Ever ever? Never.

Tariffs force companies to build factories in the US and employ US workers, short term it will hurt because America doesn't make anything anymore and so imported goods will be more expensive. Long term it will be a massive win, because America will be making all these things from American workers and the taxes and profits will all go back into the us economy.

They did. They want factories back in the USA soil. They also think men shouldn't play in women sports, men can't get pregnant, that the USA should be energy independent and that a country with open border is not a country.

Honestly, wtf are you even advocating for?

Keep having 10 year olds in China be forced to build your phones?
Keep having politicians and NGOs steal tax money?

The road we were headed down was coming to a dead end VERY fast.

Jobs are -never- coming back. Period.

It costs 10 cents an hour to pay a chinese child slave to build a phone.

It costs $100 an hour to pay an american to build a phone.

It's not happening. Ever. Ever ever? Never.

zero chance people are going to start working as cheaply as Mexico, as China, as Indonesia.

The issue here is this is entirely based on trade balances. these effective tariff rates are just ratios of the trade imbalances. Nothing more. No other policy considerations like currency policy or unfair trade practices or non trade barriers.

But even setting that aside, it is dumb because we are a services and ideas based economy, so we are a net importer of physical goods, but are a net exporter of intellectual ones - We take in flows to our capital markets, via services transfers, and through our vast multinational corporations who employ a lot of people here supporting our subsidiaries overseas. None of that shows up on trade balance.

We have a bunch of very high paid jobs making Netflix subs and providing banking services and designing phones and stuff which balances out the cheap clothing and parts and stuff coming in. It is very nice that we are able to have one person working at netflix or something to buy the labor of dozens doing back breaking manual labor overseas in balancing out those payments. And we are at 4.1% unemployment. To the extent we want high tech manufacturing, we can do subsidies or more targeted policy to get it back. We are a super rich nation because we have a lot of individual people creating wealth on the order of dozens in another country and we benefit from that in trade.

It's dumb to base this whole thing on trade imbalances because that's based on a fundamental lack of understanding of how our economy works or why this is such a rich country. It discounts that we are paying for these trade imbalances with stuff we make for free. It also discounts situations where we import from one country and export to another, and the country we have a trade imbalance with has in turn a trade imbalance with a country we have a surplus with.

Basically, it's disappointingly wrong and lacking any nuance on how the economy actually works. It also is bad policy that is going to create a giant mess if its the case for more than a couple months.

"conservative"

"conservative"