A lot of omelette faces coming to the usual suspects when this strategy works out.
OT: Stock and Investment Thread
- Thread starter RU05
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Got a link for that, only see the Van Drew soundbite stating 30k
We'll likely see these announcements spaced out after every big down market day, until we run out of countries, lol, but if we still retain the baseline 10% tariffs, the economy will continue to suffer, with inflation going up and recession becoming more likely. Doing them in series also allows the insiders to make a series of killings in the market.
Nonsensical post. They're obviously talking about economic decisions that threaten the world economy. There are a million military situations that would threaten the world economy more. Do better.
How about getting rid of the f’in AMT!!!Jeff Van Drew recently said the cap will go up, but probably only to $30k for singles and $60k for married. Lots of members of Congress don't want to increase it at all, but there are enough NJ/NY reps that will block any bill without some relief.
Regardless, if the rates stay the same (highly likely) that SALT cap increase would be a very nice tax cut for us!
Clueless reply. The obvious main focus of this tariff strategy is China. In other words, isolate China and stop/reverse the growing economic and concomitant military power of China before they invade Tawain. Try thinking strategically.
Sorry but what exactly do you think is going to happen if the deficit continues to rise (as it is planned to do even though we’re supposedly cutting all of these costs and raking in money with tariffs)? Is France taking back Louisiana anytime soon? So long as our GDP continues to grow, we continue to have American companies and brands lead their respective industries around the world, we will be fine.
It’s not being addressed. The debt ceiling will go up 4t as one of the first orders of business of the fully controlled Republican 3 branches of government. It will eventually be raised again like it always does. You cannot cut taxes and shrink the deficit. The idea that Trump suddenly cares about shrinking the deficit given what is progressing in Congress and after his first term is just not based in any type of fact.
Our poorest state (Mississippi) almost makes more per capita than Germany and actually probably does when you factor in cost of living.
In fact: “The U.S. middle class has thrived over the past 40 years. In fact, Americans of all economic backgrounds have done well. The share of households earning more than $100,000 has tripled over the past five decades, and the share earning less than $35,000 fell by 25%. For most of this period, workers in the bottom 10% of income distribution experienced stronger wage growth than those with higher incomes.”(Source)
We are spoiled, hence the bitching, but the reality is we are a highly prosperous nation and we would not be well served to buck the current world order.
Sacrifice what for what? You want Americans to sacrifice their jobs for some love letter to a different era for the idea of us all working in steel mills again? There is no wealth, standard of living, or unemployment crisis here, so why do we need to sacrifice?
Please elaborate here, what exactly can’t we get that we couldn’t get somewhere else and would absolutely need in the event of “conflict” so long as we don’t nuke our standing as the world’s leader?
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Xi has increasing problems at home, including with the military. This is the perfect time to lean on them. Hard.
2025 in a nutshell- The world financial system is in crisis, but there is one asset that many are fleeing to for safety. Up >100% in a week.
Yuan falls to 18 year low vs dollar. So great!
With the SALT cap, AMT is a non-factor. I would rather pay 28% AMT and have no cap versus paying 31% with the current 10k SALT cap.
This is on purpose—they weaken their currency to mitigate the impact of tariffs. The tariff increases cost, but weakening the currency means the dollar buys more. If you’re focused on exports, weak currency means your stuff is cheaper…importing a strong currency means you can buy more…so this also makes China more competitive relative to any nascent US manufacturing competition (though usd has been weakening in recent days relative to Euro).
Many have suggested a weapon they have in the trade war is selling their us treasury reserves…a consideration for them is that doing so (while it may hurt us in other ways) would offset the strategy above.
JPM does what JPM does.....kick *** and take numbers. Outstanding report.
Interesting point. I hope if the SALT cap is increased, the AMT exemption will be adjusted as well.
PPI inflation plummets. Based on this report and yesterday's CPI, the next PCE print will be the lowest since the COVID inflation spike.
FX can absorb tariff costs? Where did I hear that before?
USD will still have to stop plummeting
Bloomberg reporting Trump asks Xi to call him. 47 blinked. Xi smiling.
Here is one article
and another
and another
Sorry I see some may be blocked
and another
and another
Sorry I see some may be blocked
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It's a political dance. They'll find a way for both Xi and Trump to get together but look tough. Meanwhile we do know Chiner has been begging others for help.
China reaches out to EU, ASEAN members to take on US tariffs
Australia rejects China’s call to ‘join hands’ amid Trump tariff fallout
Xi is a dumbass. Everyone is Asia hates China with a passion with the exception of like North Korea and Iran. They just put up with them due to desperation to borrow, hence why China ends up extorting them afterwards. If there's ever a war with them, everyone in Asia will happily stick a knife in their backs, especially Russia and its satellite countries like Kazakhstan and Kygyzstan who both are furious over the way that China has their brothers and sisters in concentration camps in East Turkestan/Xinjiang and Mongolia who also want to get their lands back.
I can only access the Yahoo article with a bitcoin money manager providing his opinion, which is favorable for....bitcoin. Is there anything official from Trump or someone else in his Admin?
This is likely by design on China’s part. The dollar has precipitously weakened against the Euro.