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Business, Economics, and Taxes: Eat Cereal for Dinner

ScoobyDoo said:
White House announces that the 90 day pause is fake news.
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Of course they do...they could have milked the "Trump listened to the people" meme through our crap media all week and probably got the markets back to 42k...but why do that when he has a war he can use to Wag the Dog.
 
That is because it is being gamed. This is some 1980s level crap going on and unlike then now they aren't even bothering to hide it. Someone (or likely someones) is propping up the market to their own ends...either to stop the bleeding or to keep the dip buyers from jumping in full force. Nothing about this smells right...

We will never know but methinks a few of the Tech Lords were tired of losing so they agreed to prop each other up.
 
Businesses love stability and certainty.

So, here we have the Trump administration saying two different things on two different networks at exactly the same time.

On TV at the same time:NAVARRO: “This is not a negotiation.”LUTNICK: “Of course they are” open to negotiation.
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bsky.app

Carl Quintanilla (@carlquintanilla.bsky.social)

On TV at the same time: NAVARRO: “This is not a negotiation.” LUTNICK: “Of course they are” open to negotiation. 🤡
bsky.app bsky.app
 
Handyman said:
That is because it is being gamed. This is some 1980s level crap going on and unlike then now they aren't even bothering to hide it. Someone (or likely someones) is propping up the market to their own ends...either to stop the bleeding or to keep the dip buyers from jumping in full force. Nothing about this smells right...

We will never know but methinks a few of the Tech Lords were tired of losing so they agreed to prop each other up.
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So there’s probably a Signal chat?
 
What continues to irrationally irritate me is the absolute cover up bullshit the administration continues to generate in an effort to patch the plot holes so large in their logic that aircraft carriers could float through.

The math was bullshit, obviously. The WH said it was based on that countries tariff, value of dollar, and other economic factors. Then the math shook out as essential "country exports to US minus US exports to country divided by US exports to country" and then "reciprocal tariff was that % divided by 2."

115 countries were "reciprocal tariffed" at the baseline 10%, but yet had a trade deficit with the US themselves, or had zero trade with the US at all (Heard and McDonald Island).

When called on this, the WH had to backpedal that they placed these 10% tariffs on uninhibited islands to prevent higher tariffed countries from using them as loopholes. But if the tariffs are meant to be on the country of origin, then these "loopholes" don't exist, so what was the point of tariffing the Penguins in the first place?

Then you have the fake numbers generated above for Vietnam. Trump enacted a 46% tariff, which would be a 92% trade deficit, but claimed that was the tariff rate Vietnam was charging us.

I'm not an expert on trade, nor tariffs, but, Vietnam balked first and said they would lower their tariff rates in an effort to get Trump to drop the 46%.

Just what was Vietnam tariffing? Conveniently, the WH provided a handy graphic that flew in the face of the 46% tariff poster board flaunted last week. In it, they showed the *highest* tariff rate Vietnam imposed was 35% on liquor/wine/beer. Everything else was 15% or *lower*. In a gesture of goodwill, the leader of Vietnam offered a flat 5% tariff of US goods.

The Trump administration declined.

As someone who has worked with numbers, percentages, mathematic formulas, and what not for my career for decades, in an industry where some items are broken down to the ten-hundreth, i am fucking deeply offended at this administration for their absolute bastsrdization of mathematics for the personal gain of King Yam Tits.
 
aparch said:
What continues to irrationally irritate me is the absolute cover up bullshit the administration continues to generate in an effort to patch the plot holes so large in their logic that aircraft carriers could float through.

The math was bullshit, obviously. The WH said it was based on that countries tariff, value of dollar, and other economic factors. Then the math shook out as essential "country exports to US minus US exports to country divided by US exports to country" and then "reciprocal tariff was that % divided by 2."

115 countries were "reciprocal tariffed" at the baseline 10%, but yet had a trade deficit with the US themselves, or had zero trade with the US at all (Heard and McDonald Island).

When called on this, the WH had to backpedal that they placed these 10% tariffs on uninhibited islands to prevent higher tariffed countries from using them as loopholes. But if the tariffs are meant to be on the country of origin, then these "loopholes" don't exist, so what was the point of tariffing the Penguins in the first place?

Then you have the fake numbers generated above for Vietnam. Trump enacted a 46% tariff, which would be a 92% trade deficit, but claimed that was the tariff rate Vietnam was charging us.

I'm not an expert on trade, nor tariffs, but, Vietnam balked first and said they would lower their tariff rates in an effort to get Trump to drop the 46%.

Just what was Vietnam tariffing? Conveniently, the WH provided a handy graphic that flew in the face of the 46% tariff poster board flaunted last week. In it, they showed the *highest* tariff rate Vietnam imposed was 35% on liquor/wine/beer. Everything else was 15% or *lower*. In a gesture of goodwill, the leader of Vietnam offered a flat 5% tariff of US goods.

The Trump administration declined.

As someone who has worked with numbers, percentages, mathematic formulas, and what not for my career for decades, in an industry where some items are broken down to the ten-hundreth, i am fucking deeply offended at this administration for their absolute bastsrdization of mathematics for the personal gain of King Yam Tits.
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As a healthcare professional, I suggest you shut up and take the medicine that makes you progressively worse, you mentally ill twit.

The stock market was overpriced over five years anyways because of stimulus or something. The necessary remedy is for it to be properly priced within five business days.
 
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Oh Jeb, your own linked story says the EU offered this exact deal in 2018 and Trump turned it down. Just like when Canada “backed down” by doing what they were already doing.
 
psych said:
As a healthcare professional, I suggest you shut up and take the medicine that makes you progressively worse, you mentally ill twit.

The stock market was overpriced over five years anyways because of stimulus or something. The necessary remedy is for it to be properly priced within five business days.
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Good work you might be learning something. As for your obvious mental illness, vote in your lords, they will save you, lmfao.

Stocks are absolutely over valued, this has been common knowledge for the last 4 years. They are currently pumped up on 5 years of unprecedented stimulus. Company earnings and stock prices are way out of whack.

The Dow didn’t go from 25k to 45k in just over 4 years on real growth.

https://www.nasdaq.com/articles/money-printing-and-inflation:-covid-cryptocurrencies-and-more
All-in spending was approaching $13 trillion as of mid-2021. That’s more than the US spent in it’s 13 most expensive wars combined.

Modern Monetary Theory (MMT) argues that the government can solve economic problems by printing money until it causes inflation, at which time taxes need to increase to rein in that money. Quantitative Easing did not bring inflation as measured by the Consumer Price Index (CPI), so that experiment has been declared a success, but the reality is that QE did inflate stock and bond prices, so there was inflation but not in the usual metric.

This was know in November of 2021. More money only flowed in from there from the Fed.


Its time to pay the piper.
 
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