For the Trump supporters I have one quick question...what is the purpose or goal of the Trump tarriffs....
- Thread starter shonuff253
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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.
Did I say something that was untrue or is it just wrong to mention people of color being hurt by liberal policies?Many of color? I stopped ready you 💩post right after that.
Because China says they aren’t talking you believe them? They had 5,000 total covid deaths too.
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.
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.
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
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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.
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.
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.
For @zingerdawg and @Zonadog as well.
As I said on the 24th, Trump was lying about meetings with China. Because of course he was. That's what he does.
Bessent just confirmed that there have been no trade negotiations with China.
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He said they have been talking. No one has sat down together yet and negotiated anything. I guarantee you things have been discussed, but no one is going To sit down and hammer out a deal until they have an idea one can be made. This is just a reach from you and your Twitter source. China has confirmed there have been talks. Just nothing substantial. 🤦♂️
Trumps says will evaluate trade deals in upcoming weeks
President Donald Trump said on Tuesday that he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept. Trump and top officials say they are currently negotiating many economic deals with countries amid a trade war that has...
Not a fan of how we are playing this trade war, but I do believe Kyle Bass on all things China. It is all about perception to them.....and there are surely proxies for leadership discussing what each side is looking for.He said they have been talking. No one has sat down together yet and negotiated anything. I guarantee you things have been discussed, but no one is going To sit down and hammer out a deal until they have an idea one can be made. This is just a reach from you and your Twitter source. China has confirmed there have been talks. Just nothing substantial. 🤦♂️
Trumps says will evaluate trade deals in upcoming weeks
President Donald Trump said on Tuesday that he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept. Trump and top officials say they are currently negotiating many economic deals with countries amid a trade war that has...www.yahoo.com
Absolutely there is. Both sides would be idiotic not to be feeling out the other. I am sure they are. I am not a fan of how he is handling the trade deals either. I am a fan of what he is trying to do. Willing to see what happens.
President Donald Trump claimed Tuesday that the U.S. doesn’t “have to sign” any trade deals, inadvertently admitting that his administration hasn’t made any progress during the 90-day pause on his tariffs.
MAGA! Art of the Deal!
MAGA! Art of the Deal!
The greatest con man in history. Give him 1st place points for that.
Top 3 most prolific liar in history but will likely climb to 1st by the end of this presidency.
Top 3 most prolific liar in history but will likely climb to 1st by the end of this presidency.
I was watching that too.
I am pulling for him to do well, because I want the country to do well.
He says so much crazy sh** daily, makes you wonder if he even knows what he is saying.
Telling the new Prime Minister today sitting right beside him that we (He) wants to make Canada our 51st state while the Prime Minister is telling him "We are not for sale" is just mind-blowing stuff.
Anyway, I truly do want him (or any other President) to succeed........my retirement accounts are pulling for him too!
Straight up savage what he is doing there. He is right. I don’t like the way he is handling it, but they are going to be in a heap of shit for a minute if we are not buying from them. They run their country like a bunch of drunken Canadian idiots. Bout to come home to roost. He is playing hardball with everyone.
Or a healthcare plan! Expecting each one any day now!
Well. That isn’t what Trudeau said. More than once. I would assume he would know more than some guy on Twitter. But he is also a moron and has turned his country into a complete mess. So who knows.
Trudeau says US wants to collapse Canada's economy with tariffs - BBC News
Canada has imposed its own retaliatory tariffs, which will remain in place until the US reverses course.
www.bbc.com
Opinion - Justin Trudeau was bad, but Mark Carney will be far worse
Justin Trudeau's time as prime minister was marked by authoritarianism and economic decline, while Mark Carney's rise to lead Canada represents a more radical transformation, aimed at turning the country into an administrative region within a larger system of corporate governance.
Carney might be one of the smartest people in the world in global finance.Well. That isn’t what Trudeau said. More than once. I would assume he would know more than some guy on Twitter. But he is also a moron and has turned his country into a complete mess. So who knows.
Trudeau says US wants to collapse Canada's economy with tariffs - BBC News
Canada has imposed its own retaliatory tariffs, which will remain in place until the US reverses course.
Opinion - Justin Trudeau was bad, but Mark Carney will be far worse
Justin Trudeau's time as prime minister was marked by authoritarianism and economic decline, while Mark Carney's rise to lead Canada represents a more radical transformation, aimed at turning the country into an administrative region within a larger system of corporate governance.
Maybe. But he is an idiot when it comes to everything else. He will have a full blown mutiny on his hands if Canadians can’t come over here to get healthcare anymore.
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