Stock Market Losses Under Trump

[thetragichippy]

17 minutes ago, CardinalBacker said:

Biden rebuilt the economy. Trump destroyed it… twice. 

Biden needed fluorescent tape on the stage so he could find his way off.......

I firmly believe he had no clue what was going on around him.......and when the good doctor is under oath, we shall see how big of a cover up

[Boyz N Da Hood]

2 hours ago, thetragichippy said:

It really impresses me how Trump can turn people that were OK with Biden's economy into people now that are soooo concerned with the economy......

I'm curious if they will keep the same energy the next 3 years. 

and the same people that were OK with a President that needed fluorescent tape on his stages to guide him off........ 

It's also impressive how some were so concerned with the economy last administration are ok now

[baddog]

45 minutes ago, Boyz N Da Hood said:

It's also impressive how some were so concerned with the economy last administration are ok now

Hey, no whataboutisms. 🤦‍♂️

[Big girl]

55 minutes ago, Boyz N Da Hood said:

It's also impressive how some were so concerned with the economy last administration are ok now

I know, right. 😃😃😃😃

[Big girl]

5 hours ago, Reagan said:

Did you know before 1913, tariffs is how we funded the government?  If we can get fair trade tariffs we should be able to cut taxes.  

What happened in the 30s as a result of tarriffs 

[Boyz N Da Hood]

1 hour ago, baddog said:

Hey, no whataboutisms. 🤦‍♂️

Glad u responded! How'd the market close?

[CardinalBacker]

Ok… here’s my sarcasm-free perspective. 
 

Other countries charge tariffs for goods we export. Americans have preferred that tariffs NOT be charged on good into this country because we like cheap stuff. They send consumables our way and we send treasures back theirs. At the end of the day, we aren’t “paying” their tariffs on our goods. Their citizens cover those costs at the point of purchase.  But by the same token, they aren’t going to be laying “our” new tariffs, either. Those costs will be passed on the American consumer by way of higher prices. 
 

They idea that we’re somehow “sticking it to China” with a 145% tariff collected on Chinese goods that you and I will pay at the cash register is laughable. 
 

I’m all for balancing the trade deficit. But that’s impossible unless Americans are willing to pay more to buy American goods. It sounds good on paper, but there’s a reason business moved their production overseas…. They couldn’t compete because Americans don’t care whether Nikes are made here or in the Philippines… 

We’ve been preaching “buy American since the 1970s and it hasn’t happened.  And it won’t. 
 

Personally I’m in favor of a smaller trade deficit and I believe that tariffs are a decent way to try and even things out. But it’s hard to argue with a straight face that Trump’s approach has been anything but disastrous. All he’s proven is that trillions of dollars of wealth can disappear with a few stupid tweets, and it really looks like he doesn’t know what he’s doing-and that makes investors, lenders, businesses very, very bearish. 

[LumRaiderFan]

1 hour ago, CardinalBacker said:

Ok… here’s my sarcasm-free perspective. 
 

Other countries charge tariffs for goods we export. Americans have preferred that tariffs NOT be charged on good into this country because we like cheap stuff. They send consumables our way and we send treasures back theirs. At the end of the day, we aren’t “paying” their tariffs on our goods. Their citizens cover those costs at the point of purchase.  But by the same token, they aren’t going to be laying “our” new tariffs, either. Those costs will be passed on the American consumer by way of higher prices. 
 

They idea that we’re somehow “sticking it to China” with a 145% tariff collected on Chinese goods that you and I will pay at the cash register is laughable. 
 

I’m all for balancing the trade deficit. But that’s impossible unless Americans are willing to pay more to buy American goods. It sounds good on paper, but there’s a reason business moved their production overseas…. They couldn’t compete because Americans don’t care whether Nikes are made here or in the Philippines… 

We’ve been preaching “buy American since the 1970s and it hasn’t happened.  And it won’t. 
 

Personally I’m in favor of a smaller trade deficit and I believe that tariffs are a decent way to try and even things out. But it’s hard to argue with a straight face that Trump’s approach has been anything but disastrous. All he’s proven is that trillions of dollars of wealth can disappear with a few stupid tweets, and it really looks like he doesn’t know what he’s doing-and that makes investors, lenders, businesses very, very bearish. 

lol, why would anyone be interested in the perspective of anyone that thinks Biden rebuilt the economy?

Just like you and the other clowns on here that predicted Trump would lose to Harris looked like chumps post election, you’ll look like chumps, once again, when the tariffs are lined out and the market takes off.

[Boyz N Da Hood]

27 minutes ago, LumRaiderFan said:

lol, why would anyone be interested in the perspective of anyone that thinks Biden rebuilt the economy?

Just like you and the other clowns on here that predicted Trump would lose to Harris looked like chumps post election, you’ll look like chumps, once again, when the tariffs are lined out and the market takes off.

"Remember, Reagan, it’s easier for some to attack the poster rather than deal with the post." 

☝🏾 

 

O the irony lol

[5GallonBucket]

11 hours ago, Boyz N Da Hood said:

It's also impressive how some were so concerned with the economy last administration are ok now

I’m concerned…..family 7 talking here…..Im very concerned…

BUT I’m willing to take this economy on for the hope of good long term….. we shall see if people stick thru it…..we ll see who has fortitude.  Trump ran on this and warned everyone and many people voted for it….and not just conservatives…..all voting blocks were up.  People on all sides need to be humbled.  Right and left……American and foreign

Have you not not seen what the last president(as well many past ones from both parties) and the politicians were spending money on. 
 

our own greed and lack of disciplined standards have caused outsourcing…..3 of many areas that need major attention and of course the superior issue….God almighty.

[CardinalBacker]

8 hours ago, LumRaiderFan said:

lol, why would anyone be interested in the perspective of anyone that thinks Biden rebuilt the economy?

Just like you and the other clowns on here that predicted Trump would lose to Harris looked like chumps post election, you’ll look like chumps, once again, when the tariffs are lined out and the market takes off.

Well… things were moving slowly when Trump took over, then he made tax cuts which exploded the debt, but heated up the economy. Then then it all went to hell in 2020… we were in worse shape when he left than when he took office. Biden took over and inflation ramped up, then eased… but the economy was in better shape when Biden left office than when he took office.  Trump inherited a steady, but not hot economy this January, then destabilized everything with his haphazard approach to tariffs. There’s not forethought or strategy, he just picks who he’s mad at each morning.  Inflation is up, oil prices are crashing, unemployment is headed up, the stock market is down… America and the rest of the world can’t make a rational decision about investing in the future because trump has proven that he doesn’t mind trimming 20% off of the value of our publicly held wealth if it gets him a few “attaboys” from his minions. 
 

It’s obvious to everyone but his devoted followers that he doesn’t know what he’s doing and it’s hurting all of us. 

[LumRaiderFan]

9 hours ago, Boyz N Da Hood said:

"Remember, Reagan, it’s easier for some to attack the poster rather than deal with the post." 

☝🏾 

 

O the irony lol

Everyone is guilty of it sometimes, but it’s all you do, and you do it very poorly.

I couldn’t even guess the links I have posted to back my point, I can’t remember you even posting one.

[LumRaiderFan]

1 hour ago, CardinalBacker said:

Well… things were moving slowly when Trump took over, then he made tax cuts which exploded the debt, but heated up the economy. Then then it all went to hell in 2020… we were in worse shape when he left than when he took office. Biden took over and inflation ramped up, then eased… but the economy was in better shape when Biden left office than when he took office.  Trump inherited a steady, but not hot economy this January, then destabilized everything with his haphazard approach to tariffs. There’s not forethought or strategy, he just picks who he’s mad at each morning.  Inflation is up, oil prices are crashing, unemployment is headed up, the stock market is down… America and the rest of the world can’t make a rational decision about investing in the future because trump has proven that he doesn’t mind trimming 20% off of the value of our publicly held wealth if it gets him a few “attaboys” from his minions. 
 

It’s obvious to everyone but his devoted followers that he doesn’t know what he’s doing and it’s hurting all of us. 

It’s gonna be alright, can’t fix the mess we’re in overnight.  And how is it that it’s hurting you?

[Boyz N Da Hood]

3 minutes ago, LumRaiderFan said:

Everyone is guilty of it sometimes, but it’s all you do, and you do it very poorly.

I couldn’t even guess the links I have posted to back my point, I can’t remember you even posting one.

Think I'll choose to pull my big boy britches up, slide on my square toes like I do everyday and go out and work and enjoy this Beautiful Friday to end the week.. when we get done this evening I'll sip on some crown and check in to see what yall are bitching about.... 

[LumRaiderFan]

1 minute ago, Boyz N Da Hood said:

Think I'll choose to pull my big boy britches up, slide on my square toes like I do everyday and go out and work and enjoy this Beautiful Friday to end the week.. when we get done this evening I'll sip on some crown and check in to see what yall are bitching about.... 

Be safe out there, we’ll be here, I’m sure.

[baddog]

7 minutes ago, Boyz N Da Hood said:

Think I'll choose to pull my big boy britches up, slide on my square toes like I do everyday and go out and work and enjoy this Beautiful Friday to end the week.. when we get done this evening I'll sip on some crown and check in to see what yall are bitching about.... 

Don Julio. Lol

[thetragichippy]

11 hours ago, CardinalBacker said:

But it’s hard to argue with a straight face that Trump’s approach has been anything but disastrous.

Several ways to look at it. He has a 90 day pause on everyone but China.  We import 549 BILLION from China each year. I'm not sure it that includes TEMU and other direct apps. While our prices on certain things may go up, can China afford to cut that in half? While they can sell to other countries, we can buy from other countries. 

I'll admit (unlike others) figuring out global markets, trade and general world economics are WAY above my level of understanding fully. I will leave it was this. Trump did well enough in 2016 that he was able to run again, despite all the legal attacks, he won both popular and electoral votes....The majority of people in this country wanted him a second term. No one loves Trump more than Trump......I'll repeat that for those of you in the back.....No one loves Trump more than Trump......He does not want to go down as a bad or lame duck President. His ENTIRE legacy will be around if he can reset the world trade or not.  I don't think he would risk it if he (and his team) didn't think it could be done. 

and you may think Trumps plan is disastrous, and maybe China does too......but if it was so planned that you could follow it, the rest of the world could as well.......The challenging part about Trump, is you NEVER know if he bluffing or serious, and that works to his advantage in negotiations.....

[baddog]

Stocks starting out in the green…..for those who haven’t taken a gander.

[CardinalBacker]

1 hour ago, LumRaiderFan said:

It’s gonna be alright, can’t fix the mess we’re in overnight.  And how is it that it’s hurting you?

Well, he sure created it overnight, didn’t he?

[5GallonBucket]

2 hours ago, CardinalBacker said:

Well… things were moving slowly when Trump took over, then he made tax cuts which exploded the debt, but heated up the economy. Then then it all went to hell in 2020… we were in worse shape when he left than when he took office. Biden took over and inflation ramped up, then eased… but the economy was in better shape when Biden left office than when he took office.  Trump inherited a steady, but not hot economy this January, then destabilized everything with his haphazard approach to tariffs. There’s not forethought or strategy, he just picks who he’s mad at each morning.  Inflation is up, oil prices are crashing, unemployment is headed up, the stock market is down… America and the rest of the world can’t make a rational decision about investing in the future because trump has proven that he doesn’t mind trimming 20% off of the value of our publicly held wealth if it gets him a few “attaboys” from his minions. 
 

It’s obvious to everyone but his devoted followers that he doesn’t know what he’s doing and it’s hurting all of us. 

What’s love without discipline(pain)

band aides only work for so long

 

[LumRaiderFan]

31 minutes ago, CardinalBacker said:

Well, he sure created it overnight, didn’t he?

So no mess before he got in office?

I know you got fingers crossed that he’ll fail, but he won’t.

Enjoy your window to crow, it won’t last.

[LumRaiderFan]

3 minutes ago, 5GallonBucket said:

What’s love without discipline(pain)

band aides only work for so long

 

The thing is if anyone else was doing this, wouldn’t hear a thing,

It’s all TDS driven.

[CardinalBacker]

Here’s the problem. We’ve got the second highest deficit recorded ever for the first half of fiscal year 2025. 
 

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The only time our deficit spending for a similar time period was in the first half of fiscal year 2021… the pandemic. The payments made on our debt in this year window were $582 billion, up 10% from a year ago. 
 

Our cost to borrow has exploded at the same time our borrowing is exploding, too. 
 

We have to cut spending and raise taxes, period. Anything else is not going to work. And I have no idea why Trump is trying to play tough with China on trade when they OWN most of our debt.  
 

They sent us consumables and we gave them our treasure. Our greed required us to then borrow “our old money” back from them to survive, and now rates have gone up, as they were always prone to do. 
 

People don’t realize how badly we’re hooked at this point. 
 

It’s time for Americans to realize that the way things have been (borrowing to cover everyday expenditures on a federal level) wasn’t sustainable. 

[baddog]

19 minutes ago, CardinalBacker said:

Here’s the problem. We’ve got the second highest deficit recorded ever for the first half of fiscal year 2025. 
 

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The only time our deficit spending for a similar time period was in the first half of fiscal year 2021… the pandemic. The payments made on our debt in this year window were $582 billion, up 10% from a year ago. 
 

Our cost to borrow has exploded at the same time our borrowing is exploding, too. 
 

We have to cut spending and raise taxes, period. Anything else is not going to work. And I have no idea why Trump is trying to play tough with China on trade when they OWN most of our debt.  
 

They sent us consumables and we gave them our treasure. Our greed required us to then borrow “our old money” back from them to survive, and now rates have gone up, as they were always prone to do. 
 

People don’t realize how badly we’re hooked at this point. 
 

It’s time for Americans to realize that the way things have been (borrowing to cover everyday expenditures on a federal level) wasn’t sustainable. 

Deficit spending is just a nice way of saying overdraft, or better yet, hot check. When you take in $5 trillion and spend $7 trillion, it reminds me of my wife in our early years, except for the amounts. Lol

I agree with your last statement.

[baddog]

Stocks at 439. How can that be?