6 minutes ago, JohnSnowsHair said:

that's awesome. we would be there if we stayed in our "starter" home, but I was kind of a snob and wanted to move to a much nicer area in the exurbs for our "forever" home when I was in my late 30s in 2017. so we reset on the mortgage then, and then refinanced to a 15 year at low interest when rates bottomed in 2020.

Yeah, that's where I am now. Stayed in the "starter" and got the insanely low rate in 2019. Moving is always an option. Hell, maybe I'll be able to pay cash when that time comes. @Dave Moss

Trump's economy.

8 minutes ago, jsdarkstar said:

Trump's economy.

I'm still waiting for kz to post a meme of Trump dancing in front of all that red. I'm sure he's looking for it now.

hey, at least gasoline futures are crashing........cause recession.

15 minutes ago, Paul852 said:

Yeah, that's where I am now. Stayed in the "starter" and got the insanely low rate in 2019. Moving is always an option. Hell, maybe I'll be able to pay cash when that time comes. @Dave Moss

Take your money out of the stock market and put it in real estate

Just now, Dave Moss said:

Take your money out of the stock market and put it in real estate

Yeah man, I blew it by not taking out when this administration started.

3 minutes ago, SPIDER-MAN said:

is that for real?

Last month these guys were ready to go to war, ready to cut the power, ready to hurt America. After a month to think about it it seems like they might be ready to deal. I hope so because this is a major pain in the ass.

 

5 minutes ago, The_Omega said:

Last month these guys were ready to go to war, ready to cut the power, ready to hurt America. After a month to think about it it seems like they might be ready to deal. I hope so because this is a major pain in the ass.

 

Yeah, that dude clearly cares about his citizens more than the guy we got. Thanks for the info.

Anyway, got any fun memes for the market crash or nah?

23 minutes ago, JohnSnowsHair said:

is that for real?

It is.

 

Some quick thoughts on "Liberation Day," also known as "Liquidation Day."

Obviously, these tariffs are way beyond anything the market expected. I think very little of Trump and the administration, and even I am stunned with 54% on China (20% existing + 34% new) and 32% on Taiwan. The only word for these tariffs is suicidal. If these remain in place for any significant period of time, we are going to have a serious recession which will be marked by stagflation -- the tariffs will raise prices and economic activity will collapse. The idea that a ton of manufacturing will come back to the US is ridiculous -- it would take years to make those investments, and Trump just froze capital markets that companies would need to access. They will be better off simply waiting out the Trump presidency. Guys don't invest billions in new facilities during recessions. 

The most concerning part of all of this is how remarkably stupid and disingenuous it is - specifically, the way they calculated "tariffs" leveled by other countries. Taking the trade deficit and dividing by the level of exports is just insane and bears no resemblance to reality. More importantly, if that is how they view tariffs, then these don't go away until we have a trade balance or surplus with a country. That simply can't be accomplished with most countries since the US is the largest consumer economy in the world. So, there's no real answer to what the actual goal is.

Best case is this is just the usual Trump -- do something retarded, then others make "concessions" that are meaningless, Trump declares victory and MAGA fools splooge on themselves. Another option -- industries pledge loyalty to Trump and make donations to get exemptions -- it's just a shakedown. Unfortunately, Trump is so economically illiterate that he believes this is great policy because he thinks Xi simply writes a check to the US Treasury. It's really frustrating that someone like Bessent, who knows better, is going along with this.

Basically, this is why electing an imbecile who has supreme yet misplaced self-confidence is a bad idea. 

49 minutes ago, The_Omega said:

Last month these guys were ready to go to war, ready to cut the power, ready to hurt America. After a month to think about it it seems like they might be ready to deal. I hope so because this is a major pain in the ass.

 

Who was ready to go to war, and who with? 

6 minutes ago, vikas83 said:

 

The most concerning part of all of this is how remarkably stupid and disingenuous it is - specifically, the way they calculated "tariffs" leveled by other countries. Taking the trade deficit and dividing by the level of exports is just insane and bears no resemblance to reality.

Whenever I think Trump couldn't possibly be any stupider, he always manages. 

 

9 minutes ago, vikas83 said:

 

Basically, this is why electing an imbecile who has supreme yet misplaced self-confidence is a bad idea. 

"But weren't you better off 6 years ago than you are today"

4 minutes ago, M.C. said:

 

Nixon’s Madman Theory

5 minutes ago, M.C. said:

 

Bill, no one was confused about the fact that Trump is crazy before yesterday. He all know he is crazy and stupid.

1 hour ago, The_Omega said:

Last month these guys were ready to go to war, ready to cut the power, ready to hurt America. After a month to think about it it seems like they might be ready to deal. I hope so because this is a major pain in the ass.

 

What’s the deal? Drop the dairy tariffs that Trump signed and that have never taken effect once since we’ve never exceeded the minimum?

so, this is what it's like watching spock play 3d chess?

30 minutes ago, Gannan said:

Whenever I think Trump couldn't possibly be any stupider, he always manages. 

That’s his true talent 

9 minutes ago, DrPhilly said:

What’s the deal? Drop the dairy tariffs that Trump signed and that have never taken effect once since we’ve never exceeded the minimum?

Owning the libs

1 minute ago, Dave Moss said:

Owning the libs

If he throws in a sieg heil for good measure can we keep the libs out of it?