I dont understand all this rich people fancy dandy stock shit. It just all seems like fake bullshit to me
Well when you simmer a bunch of vegetables and/or meat and/or bones in water for a long time, the flavours end up in the water, and when Drumpf tariffs a country and the country responds, the stock goes down because it’s harder to get ingredients for stock
Here is what I was told today by someone who voted for Trump, almost word-for-word:
What he’s trying to do is create a level playing field. Other countries charge us a large tariff and we charge nothing. He’s trying to make it more even, so that we get something in return. How many US cars are driving around Japan? None. How many Japanese cars are driving around the us? That’s the point, to make things more even. So we will see. All we have had for the past 20 years is social activist presidents and not one of them had a business mind.
His base doesn’t care. They don’t see stonks crashing news. By the time news gets to them it’s all racial crime, trans athletes, and Democrat watchdog shit.
Mfw 4 of the last 20 years of presidents was this guys Guy lmao
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This follows Trump’s deeply held belief–perhaps his only deeply held belief–that every single interaction is zero-sum and has a winner and a loser. His base has bought into that wholeheartedly. The idea that multiple parties can win (or lose) in a given interaction is totally anathema to this worldview. If another country is mad about it, the US must be winning.
perhaps his only deeply held belief
Well he also truly loved Abe Shinzo
How many US cars are driving around Japan? None.
also false, it’s around 1% iirc but it’s not none. and it’s partly because American cars are too fucking big for small Japanese urban streets
Also, American companies don’t give a shit about foreign regulations or cost competitiveness and the dollar is artificially inflated so it can’t compete lmao. So mostly they export “status” cars like Mustangs, Chargers, Camaros, and Challengers because why the fuck would they do anything but the bare minimum to reap the highest profit (the domestic market)?
They’re trying to solve a whole heap of contradictions with tariffs alone it’s so stupid.
The average Ford F-1488 (or whatever number they’re up to now) taking up 2.5 lanes of a 1 lane Japanese street, just tearing up walls and houses
“not my problem, they should add more lanes, obviously”
how many japanese people choose to drive an inferior product? basically nobody. how many will choose to drive an inferior product when it is even more expensive? even less.
I don’t think they even have American car factories there while most of the cars from Japanese brands are at least assembled if not fully manufactured here
Other countries charge us a large tariff
false, most of them are single digits
I would normally say presidents don’t actually affect the economy that much in the short term but he really seems to have nuked this shit. It’s scary but also fascinating. Are we going to have like 50% unemployment in 3 months?
the columnist showed up to Costco and was expecting low-intensity warfare between tribes of poors in the produce section
These cukes are mine, motherfucker!
the sample stations are strategic supply points
“Mike! Mike! Were you at?”
“I created a beachhead near the frozen foods.”
“No-no-no! Get over here at the canapé samples!”
“Can-a-what?”
"Just get over here!’
Are we going to have like 50% unemployment in 3 months?
I think we will surely have double digit unemployment this year if Trump doesn’t change course and act at least a little bit sane. The US economy is under the control of a deluded, delusional abject moron’s ego and vanity. Maybe next Friday stocks will “only” be down ~3% after a vertiginous yo-yo rollercoaster ride. Trump might take that to mean his ideas are already proving to be a success. And the economy keeps taking one bump and bruise after another. In two weeks time the stock market could be down ~15%. Trump’s broken brain might lead him to decide the up-down crazy volatility is “built-into” his plan.
What scares me is Trump seems utterly disconnected from reality. He will succeed in forcing countries that are weak and/or poor to beg and plead with him. I’m certain he’s going to go on tv and puff out his chest how he got Cambodia to bend the knee. Of course any sane person knows China will never do that. But does Trump know that? If he doesn’t - can he learn that it’s impossible?
-–
Ninja edit
I’ll repeat something I said a couple months ago. Back then I had no idea how insane things would get so fucking fast. We are in crazytown.
In my mind’s eye I keep thinking of Trump’s head (and maybe his voice sorta?) morphed onto Dennis Hopper’s character in Speed. The dialog has been edited a bit to be topical for today.
TV reporter says “America is held hostage at the whim of a mad man.”
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
Would be cool if we could have a no confidence vote and snap election
Oh well
Yeah we could elect Cory Booker who could rename the gulf of mexico back but keep every other one of trumps policies
Accelerationism (to 2028)
Please no I’m watching this shitshow from afar
I mean, who would be the alternative though?
Interim US President John “Guy” Doe is ready to take the reigns
Lol if Bernie actually ran again i’d write in HRC
Baron trump
To fucking Trump and Musk? Ted Cruz would be an improvement
Maybe but Ted Cruz would lose a Presidential election to Charles Manson.
I’m saying, who even has the elite backing and popular support to replace Trump right now? I don’t think anyone does, really.
Anyway, he’s seemingly doing some good JDPON work here.
Trying to decide exactly when to put my life savings into this dumpster fire. Its like GameStop stock all over again except this time it’s an entire country’s economy
Funnily enough, Gamestop is up 11% today
Buy the dip
Wish I had more disposable income. I would have been raking in dough from short ETFs like SOXS, TECS, SQQQ, SDOW, AIBD, and TSLS. Probably a good time now to buy China ETFs, they seem resistant to this dip–at least some of them, I noticed US and Western ETFs started tanking a couple days ago first while China’s stayed in the green or had very low losses for a while longer, now most are being hit the same today. I believe China and International ETFs will probably do better than S&P 500 in the future.
China stocks are down too no? Regardless, risky move to invest in stocks in a country that regularly kneecaps companies imo
Yes, but from my experience so far, if I were to pick what to invest in the stock market, it would be China’s corporations as they seem to have more reliable growth. I made a lot of money I lost before back when I switched from choosing my own stocks to investing in ETFs and mutual funds, especially from China ETFs.
You could short on margin I guess lol
Too risky, especially now. I honestly don’t recommend shorting or buying with margin, especially for poor folk. You risk losing a lot of money. Saw too many idiots having to owe $100Ks.
I also don’t advise buying the short ETFs I mentioned above now. It’s probably too late.
does this mean rich people are at least losing some money? that’s cool
Not as much as you’d think. They shifted their positions largely to cash a while back.
Also property. Just buy houses and sit on them, it’s a foolproof plan!
What’s the Marxist take on this?
Is this actually good for western-aligned capitalists? Are they in it for the long con where they take a hit now but can clean up later when a desperate populace sells their homes to BlackRock and allows the reintroduction of indentured servitude in order to afford eggs? Or are the losing factions big and powerful enough to reverse this aberration?
The “crash it and buy the dip” strategy only works if you’re confident that asset prices will recover after the crash. There is no guarantee that’s the case. Trump is doing damage to the US economy that won’t be easily recovered. Even if free and fair elections happen in 2028. Even if a Democrat manages to win. Even if they reverse every one of Trump’s economic policies. Even if all of this is true, Trump is doing damage that may not be reversible.
Let’s say you’re a company overseas that sells a lot of products in the US. You go to great lengths to make your products compatible with American markets and appealing to American consumers. Think of a company in China that makes products for Walmart stores. Walmart works closely with manufacturers. If you want to sell something at Walmart, you need to go through their processes, make products to their specifications, etc. You have to make custom versions of your product just for Walmart stores. Walmart is such a large market that it is worth it for manufacturers to do this, but it is a long and expensive process.
Imagine you’re such a Chinese manufacturer, producing products specifically to sell at Walmart. Now you get hit with a massive tariff. Suddenly your Walmart sales drop in half or more. You’ve spent millions tailoring your products to the needs and preferences of Walmart, and now that investment is just gone. Poof. Millions lost in an instant.
Now imagine that after 2028, all the tariffs go away completely. Are you going to be so eager to go through the process of interfacing with Walmart again? Would you invest those millions again, knowing that in 2032 another Republican arsonist can roll into office and put the tariffs right back up again? I think you would rather spend your finite resources tailoring your products to the consumers of saner countries.
Or consider US arms manufacturers. They’re losing a fortune on cancelled arms sales in Europe and other allied countries. The US is now showing itself to be an unreliable ally. As long as the US was a rock-solid member of NATO, countries didn’t mind buying F-35s from Lockheed Martin. But if the US’s allegiances can swing wildly with each election, that’s no longer the case. The F-35 is a modern fighter that runs on American software. Ukraine just found out that a lot of American tech can be remotely disabled at the flip of a switch. Even if a Democrat wins in 2028, and they’re the biggest NATO supporter in all of history, would you trust the US? Or would you rather buy something made in Europe that is less risky? If you’re Poland looking to buy a jet fighter, one from France probably looks a lot better than one from the US right now. At least France is unlikely to suddenly decide that Putin is great.
Or the ultimate issue - the US’s status as the world reserve currency. Trump is currently setting fire to the global trade order put in place after WW2. Remember. This system was built by the US. We dictated the terms of it. We built a system that gave us immense profit and benefit. And Trump is slaughtering the goose that laid the golden egg. The US gains huge economic benefits from being the wold reserve currency, and Trump is in the process of ending that. That isn’t something that can just be regained, regardless of who is sitting in the White House in 2029.
This is why I am very skeptical of the narrative that billionaires want Trump to crash the economy so they can buy cheap assets. Buying cheap assets during a crash is only a windfall if the prices of those assets go back up at some point. But Trump is doing a lot of damage to the US economy that simply won’t be easy to repair, regardless of what happens in the next election.
To add on to your overseas factory analysis, I work pretty heavily with SEA imports. Most of these factories run pretty tight margins. Depending on how long the tarrifs last and the closure of the deminimis exemption, we’re expecting to see factory closures as a result. Even if the tariffs get removed, that production capacity will be lost and not quickly spun back up.
Imo it’s the former. Take a hit in the short run but ruin everyone else and buy what they have left. They genuinely could be trying to reshore industries but they will be even more monopolized than before so they could offset the losses by dictating the new cost of everything.
Don’t backtrack Mr President
LINE GO DOWN
My phone chugged scrolling past this
That’s bad.
MOREI’m buying 1DTE OTM puts every day when we get a dead cat bounce until it hits big
i’m too scared to and also too lazy to open a robinhood account (and don’t trust them). fidelity has me in the playpen.
probably for my own good.
i did sell my shares and locked in my tiny profit before this shitshow and am now 95% HYSA and 5% gold
but i hope you get your bag!
Post the gains please
I’m not doing that on the communist forum lol
Didn’t really think about it, fair enough
