For the Trump supporters I have one quick question...what is the purpose or goal of the Trump tarriffs....

[shonuff253]

Bump when deals don’t happen, and China deal doesn’t happen.

Bump when a peace deal doesn’t happen….and because surely you will say it is one sided and Putin will invade again….if a peace deal does happen, bump when Putin invades again.

On China - no one disputes that a trade war hurts them exponentially worse than it hurts us. That said they are more willing to endure pain. As I said above, saving face is their priority in any deal. I don’t believe everything Trump says, but I do believe that our people are talking to theirs. And the Chinese saying publicly that they aren’t talking is as predictable as them saying they had 5,000 Covid cases when everyone else had a million. I know you don’t like Trump but that doesn’t automatically mean you should take the Chinese take on things over his. His answer looked authentic to me. It doesn’t always.

On Russia - literally the only card Z has is continued American support in terms of weapons, intelligence, etc. And when the guy is seemingly willing to continue this War indefinitely as is with no realistic shot at victory…..it isn’t a wild thing to say that effectively it is the US continued support that is prolonging the War. From that standpoint, Putin holds all cards here if we want this to end.

It needs to end. Doing so in a way that makes Putin look bad or look like he caved is an impossibility. If the US wasn’t involved at all, Putin would take the whole country.

I am 1000 times more supportive of Trump’s policy on getting a peace deal than Biden’s Brovado costing thousands of lives a week.

I dont like the tariff rollout but optimistic it can end with US economic interests advanced. Solely because we have real leverage.

They aren't even talking right now and Trump is lying about that. lol

 

[shonuff253]

I agree. Deals need to happen soon.

No not a deal, either an end to this in two weeks or were in alot of trouble. Shipping is down, home sells are down (2009 levels), refinancing rates are down, the dollar is in the basement right now, bond yields climbing, international tourism to the US has fallen off a cliff and consumer confidence is at a historic low at this point of a new administration. One of this things happening not a big deal but all ramping up in severity at the same time all because of one thing...tarriffs. You have to see this is not a good situation we are in.

 

[DawglegrightinSC]

Many of color? I stopped ready you 💩post right after that.

Did I say something that was untrue or is it just wrong to mention people of color being hurt by liberal policies?

 

[DawglegrightinSC]

How are we getting screwed?

I stopped responding, you are not a serious person.

 

[-lowcountrydawg]

They aren't even talking right now and Trump is lying about that. lol

Because China says they aren’t talking you believe them? They had 5,000 total covid deaths too.

 

[-lowcountrydawg]

No not a deal, either an end to this in two weeks or were in alot of trouble. Shipping is down, home sells are down (2009 levels), refinancing rates are down, the dollar is in the basement right now, bond yields climbing, international tourism to the US has fallen off a cliff and consumer confidence is at a historic low at this point of a new administration. One of this things happening not a big deal but all ramping up in severity at the same time all because of one thing...tarriffs. You have to see this is not a good situation we are in.

The reason home sales have been at historic lows for several years now is historic inflation that led to historic fed rate increases. Criticize Trump all you want on tariffs but when Biden policy led to rates going from 3 to 7, don’t blame people for not selling out of their 3 percent loan into a 7.

Agree that we need to move on deals in principle soon. The market seems to believe that will happen.

 

[-lowcountrydawg]

No not a deal, either an end to this in two weeks or were in alot of trouble. Shipping is down, home sells are down (2009 levels), refinancing rates are down, the dollar is in the basement right now, bond yields climbing, international tourism to the US has fallen off a cliff and consumer confidence is at a historic low at this point of a new administration. One of this things happening not a big deal but all ramping up in severity at the same time all because of one thing...tarriffs. You have to see this is not a good situation we are in.

Btw a weaker dollar is not a bad thing. It got boosted as we made historic rate increases…leading the world economy to do the same. Lower rates will mean lower dollars. And lower rates are the only thing that will unfreeze the housing market and make it more affordable.

 

[DawglegrightinSC]

Before you can understand what Trump is trying to accomplish through tariffs you must understand the why.

We are 36 trillion in debt and running a 2 trillion dollar deficit each year. The interest alone on our debt is close to a trillion and if we do not address spending soon it will be too late. This would be much easier if we actually had control of both houses. Unfortunately there are too many Reps on the take who love getting rich off of us and will do nothing to cut spending. So, back to your question.

Trump only has a few tools in his belt that do not require congress to vote:

1. DOGE really needs to find a trillion or more in waste it can cut from the budget. This is taking longer than expected and the results are not promising.
2. Tariffs-We have a 1.2 trillion trade deficit each year. We will work that amount down drastically through trade deals and collect the rest in tariffs.
3. Bring in trillions in foreign investment. This will stimulate the economy, bring in jobs, new tax revenues, revitalize communities, lower unemployment costs...
4. Drill baby drill-Lower cost of fuel which brings down inflation and spurs on the economy.
5. Lower interest rates (This will be slower and less than desired as the Fed does not always do what is best for the economy.
6. Tax cuts in the middle class will help offset the cost of tariffs
7. Massive cut in regulations. Our country and economy can't run with all this ridiculous red tape.


I am sure I am missing a few things but will add later after work.

8. Lower rent, taxes and crime by deporting 10 million illegals.

 

[shonuff253]

The reason home sales have been at historic lows for several years now is historic inflation that led to historic fed rate increases. Criticize Trump all you want on tariffs but when Biden policy led to rates going from 3 to 7, don’t blame people for not selling out of their 3 percent loan into a 7.

Agree that we need to move on deals in principle soon. The market seems to believe that will happen.

Not worse since March 2024, or March 2023, or March 2022 or even March of 2021 coming out of COVID but freaking March 2009 the height of the mortgage crisis. Again one of these things not a big deal but all of them happening at the same time is literally unheard of...this has never happened.

How many more canaries in the coal mines do you need to see that Trump has no idea what he's doing

https://www.realtor.com/news/real-estate-news/existing-home-sales-report-data-march-2025/

 

[willdup]

Btw a weaker dollar is not a bad thing. It got boosted as we made historic rate increases…leading the world economy to do the same. Lower rates will mean lower dollars. And lower rates are the only thing that will unfreeze the housing market and make it more affordable.

Nobody could have seen this coming, other than anyone who has even a cursory understanding of the history of tariffs and trade wars and how they always unfold.

 

[-lowcountrydawg]

Not worse since March 2024, or March 2023, or March 2022 or even March of 2021 coming out of COVID but freaking March 2009 the height of the mortgage crisis. Again one of these things not a big deal but all of them happening at the same time is literally unheard of...this has never happened.

How many more canaries in the coal mines do you need to see that Trump has no idea what he's doing

https://www.realtor.com/news/real-estate-news/existing-home-sales-report-data-march-2025/

The housing market has been frozen for two years. The canary in the coal mine in that sector was rates more than doubling. If we get some rate relief, it will pop back.

For all the talk of US assets being perceived as riskier now, etc…..the yield required by investors for US treasuries is back below where it was when the tariffs were announced. The spike in yields a few weeks back was de-leveraging of the basis trade because markets were moving so quickly.

 

[-lowcountrydawg]

They aren't even talking right now and Trump is lying about that. lol

If you haven’t seen it yet, the interview with Kyle Bass airing live now on CNBC is really good. I’ll post it when it comes up online. They bring him on to talk all things China. He definitely leans conservative but is an expert on China…..this issue is more political in nature but I’ve seen him dozens of times talking about the Chinese economy independent of tariffs.

 

[-lowcountrydawg]

If you haven’t seen it yet, the interview with Kyle Bass airing live now on CNBC is really good. I’ll post it when it comes up online. They bring him on to talk all things China. He definitely leans conservative but is an expert on China…..this issue is more political in nature but I’ve seen him dozens of times talking about the Chinese economy independent of tariffs.

Bump with interview….