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Business, Economics, and Taxes: Eat Cereal for Dinner

Handyman said:
Well lets put it this way...MTG put a bunch of money in bonds right before "Liberation Day" and Andrew Ross Sorkin yesterday on CNBC basically accused members of Congress of insider trading. If you know what you are looking for you know exactly what it is going on.

(basically your fears are 100% correct)

Capital is leaving (actually you could argue it is being forced out) and heading East whether to the EU or China. And if Trump keeps up his war with China we will be lucky to only get a massive recession out of it. And if they dare threaten the Income Tax...
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That's against the law.

And it's another law that no one with any power cares about.
 
Handyman said:
Well lets put it this way...MTG put a bunch of money in bonds right before "Liberation Day" and Andrew Ross Sorkin yesterday on CNBC basically accused members of Congress of insider trading. If you know what you are looking for you know exactly what it is going on.
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If yields went up then prices went down, so her putting money in bonds would not have been a good idea.
 
Sheesh, when I used to watch a bit of CNBC back in the 90s, early 2000s, I never noticed how much of an overwhelming prick Santelli is.
 
French Rage said:
If yields went up then prices went down, so her putting money in bonds would not have been a good idea.
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Well nothing she does is smart ;) She timed it wrong because she is an idiot who spent too much time trying to crowdfund money so her son could drink on his 21st birthday. (yes that happened)
 
ScoobyDoo said:
That's against the law.

And it's another law that no one with any power cares about.
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Prior to 1913 there was no permanent Income Tax. Lincoln's was repealed after the Civil War and the one imposed in 1894 was ruled Unconstitutional in 1895. Congress started it, and they can end it and Trump is not even hiding they want to end it and replace it with tariffs.
 
We're just a week and a half out from the China shipping fee being charged to ships unloading at US ports. Smaller ports have already been notified that without a hold on the implementation, shipping companies will likely only dock at the large ports to avoid paying the fee at every port they stop at.

If it holds, we would be looking at Covid-esque backups at the active ports and layoffs and closures at the smaller ones.
 
Well, for the first time in a long time I get to say thank you to the Jones Act.

Everything will still be horribly expensive but at least we won’t starve up here.
 
aparch said:
We're just a week and a half out from the China shipping fee being charged to ships unloading at US ports. Smaller ports have already been notified that without a hold on the implementation, shipping companies will likely only dock at the large ports to avoid paying the fee at every port they stop at.

If it holds, we would be looking at Covid-esque backups at the active ports and layoffs and closures at the smaller ones.
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A friend went to buy appliances for their new home on Friday...salesman basically told them if they don't buy now the price will be 25% higher in a couple weeks because of all of this. I said the salesman was being optimistic...
 
dxmnkd316 said:
Yup! I wish they would raise the price of these games and actually make them good. But we all know that would just go into shareholder pockets.
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TBF, nowadays there are indie games being developed by one or two people and cost $20 that are far better than a lot of AAA games.

Stardew Valley being a prime example and the new Steam hit Schedule I (a really fun drug dealing/empire game) being a recent one.
 
Handyman said:
Yup. There is a reason Trump keeps pimping the 1890s buddy...
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I’d have to look up the info tot be absolutely certain, but IIRC, the 1890s saw a recession to start the decoder, and then two other economic “panics”, as they were labeled, and then another recession mid-decade, along with a third recession to end the decade.

With no FRB, we saw a lot of boom-then-bust periods, but I think the 1890s might’ve been the worst prior to the Great Depression.

You’re premise makes sense.
 
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