Carnifex
SasqWatch
Oh I'm sure we'll see cabinet melt-downs again, similar to the first time around. It's still a relatively new administration, give it some time for psyche fatigue to set in and the whirling cabinet will engage.
The War in America
- Thread starter Drithius
- Start date
Now he just announced a 90 pause on all tariffs except for China. This guy can't make up his mind.
Yeah, seems like his cabinet managed to talk sense into him. Just look at the stock markets! What a roller coaster! I had placed a bid on NVIDIA stocks at 95$. If I had placed 98$ instead, I would have won 10$ per stock already. He made the stock market world's biggest casino 
10 minutes away and the situation changes entirely.
10 minutes away and the situation changes entirely.
Drithius
Magic & Loss
US tariffs on China increased from 104% to 125%, and will he or won't he: "We’re going to be announcing very shortly a major tariff on pharmaceuticals"
Makes you yearn for his first term, where the daily dose of crazy was somewhat contained... now it's just all-out idiocy wreaking havoc everywhere.
Makes you yearn for his first term, where the daily dose of crazy was somewhat contained... now it's just all-out idiocy wreaking havoc everywhere.
I'm actually pretty pissed right now. I had several buy orders that were very close to being filled and would have been great bargains. Now it's back to the waiting game...Yeah, seems like his cabinet managed to talk sense into him. Just look at the stock markets! What a roller coaster! I had placed a bid on NVIDIA stocks at 95$. If I had placed 98$ instead, I would have won 10$ per stock already. He made the stock market world's biggest casino
Also this shows that approximately 10% tariffs on most countries except China is their goal/strategy as the analysts said I was referring to in a post above. Anything over that is Trump show. Everything points to that at least 10% tariffs will stay once this shit show is over.
Source:
It's tough to be stingy
maybe things come down again but 100$ seems to be the lower bound for NVIDIA at the moment.
Nintendo paused the pre-orders of the Switch 2 in the US due to the price uncertainty. Now he's messed up big time. Nothing is as scary as parents who can't buy the latest toy for their kids. 
dteowner
Shoegazer
Or perhaps the threat worked exactly as planned as 70 countries ran to the negotiating table and now have a 90 day deadline to complete negotiations. Nobody here will admit to that, I'm sure.
Are you really going to pretend that he had that planned from the beginning? I think it's a lot more realistic that he was talked into doing it (the pause) within the past few days due to how badly the markets were tanking and the panic it was creating.
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dteowner
Shoegazer
You really ought to think a bit before you type. As soon as you roll out "unjust", you've clearly completely missed how business works. "Bullying or blackmail" I just might grant you. Probably overstating and clearly overly emotional, but not bleeding heart nonsense like "unjust" in this context. As for Russia, they're already tariffed into oblivion. You might remember crucifying Trump for even bringing tariff relief into the Ukraine negotiation, but you've clearly ignored the fact that Biden's sanctions (a liberal word for tariff, in this case) which you loved with all your heart weren't unwound by Trump at this point. Other than that rather critical detail, you nearly got it right.
dteowner
Shoegazer
Since it's the exact same play that he ran successfully on Mexico and Canada just a couple months ago, yes I will "pretend" that it's the exact same intentional play that he ran successfully and so far it's looking successful yet again.
dteowner
Shoegazer
Hope you didn't change your investments, my friend.
edit- well, I see you tried. easy come, easy go, I guess.
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"So far" meaning a single afternoon?
Of course the markets are going to spike on that news. It's nothing more than poorly disguised manipulation. There will still be significant volatility in the coming months, and the overall health of our economy remains to be seen. Anyone claiming it's already a success only sounds like a bleating sheep.
Why would I do that? If someone has to change their investments, they weren't good in the first place.Hope you didn't change your investments, my friend.
dteowner
Shoegazer
I say "so far" since just because everyone sprinted to the negotiating table doesn't guarantee successful agreements within 90 days. I expect things will work out fine overall but I'm not going to count those chickens just yet. With all the hyenas and gleeful second-guessers around here, throwing the parade prematurely would be unwise.
Drithius
Magic & Loss
It takes some serious mental somersaults to defend repeatedly playing Chicken with the economy. Yeah... genius... that's it.
dteowner
Shoegazer
Not really that challenging at all to defend something that's working. I wouldn't call it "genius" (seems a bit of "elephant gun for a fly" to me but I'm just a dumbass engineer, not an economist) but I don't let Trump Derangement Syndrome force me to blindly condemn a successful strategy, either.
I'm guessing you're not an investor.
I mentioned having some buy orders. That's not changing my investments or strategy in any way other than simply adding shares. I add to my positions when the market dips.
*Edit* I realize you wouldn't have any way of knowing what my buy orders were for since I didn't specify. They were all for stocks and ETFs that I already own.
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dteowner
Shoegazer
No worries. Wasn't really busting your chops beyond razzing you a bit for saying the market hadn't bottomed when it appears that (at least for the near term) it has, just like I stated. I don't meddle in the specifics of others' finances. FWIW, I've got no investments beyond 401k's and a personal IRA so saying I'm not an investor is a fair statement, not that it really matters.