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Dow down another 1500 points Sunday evening.

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Paradoxical said:
It is. But globalists want manufacturing to stay overseas, cheap goods from China, poorly educated blacks and whites to stay on welfare, illegals to steal the jobs they would have and "free" healthcare and schooling for all.
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What was our unemployment rate prior to this mess?
 
Paradoxical said:
It is. But globalists want manufacturing to stay overseas, cheap goods from China, poorly educated blacks and whites to stay on welfare, illegals to steal the jobs they would have and "free" healthcare and schooling for all.
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Lets pretend that manufacturing moves to the US which is not going to happen obviously but lets pretend. Who will work in all that manufacturing? Your unemployment rate is very low right now. You realistically do not have even the 1/10th of manpower needed for all the manufacturing that you want to move. Not to mention that you don't have even 1/100th of the specialists for the more high value add manufacturing that might move on top of what you already have. So how exactly is this supposed to work?
 
JohnRawls said:
Lets pretend that manufacturing moves to the US which is not going to happen obviously but lets pretend. Who will work in all that manufacturing? Your unemployment rate is very low right now. You realistically do not have even the 1/10th of manpower needed for all the manufacturing that you want to move. Not to mention that you don't have even 1/100th of the specialists for the more high value add manufacturing that might move on top of what you already have. So how exactly is this supposed to work?
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MAGA thinks it's a video game
 
JohnRawls said:
Lets pretend that manufacturing moves to the US which is not going to happen obviously but lets pretend. Who will work in all that manufacturing? Your unemployment rate is very low right now. You realistically do not have even the 1/10th of manpower needed for all the manufacturing that you want to move. Not to mention that you don't have even 1/100th of the specialists for the more high value add manufacturing that might move on top of what you already have. So how exactly is this supposed to work?
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Workers would theoretically trade up in jobs.
 
Luce said:
What was our unemployment rate prior to this mess?
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See......that's not important now......see....Trump is in charge.....so all of the things MAGA screamed and cried about don't matter.
Potential recession? - Its a good thing!
Price increases? - Great!
Stock Market down - Wonderful.
 
JohnRawls said:
Who the hell cares if Madascar is calling or Israel, there are 4-5 countries that are only relevant in this:
1) EU
2) China
3) Japan/South Korea
4) Canada/Mexico

Is any of them calling?
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Just caught this bit of news.

EU prefers to talk than fight with US over Trump's tariffs​

LUXEMBOURG, April 7 (Reuters) - European Union ministers broadly agreed on Monday to prioritise negotiations to remove tariffs imposed by President Donald Trump over retaliation even as it prepared a first set of targeted countermeasures.​
The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% from Wednesday for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.​

Apparently driving the EU to the table to negotiate the tariffs issue.
 
Was able to trade out of my positions in my cash account during that bump for a slight gain rather than a $31,000 loss to add to the multiple 6 figure losses in my fixed portfolio. Whomever released that fake news I owe them a beer (or 50).
 
NuffSaid said:
See......that's not important now......see....Trump is in charge.....so all of the things MAGA screamed and cried about don't matter.
Potential recession? - Its a good thing!
Price increases? - Great!
Stock Market down - Wonderful.
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I love how the bastards are all saying the stock market doesn't matter anymore.
 
dobieg said:
Workers would theoretically trade up in jobs.
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A manufacturing factory job isn't a 'trade up' unless you happen to be a master luthier at the Fender custom shop or Martin Guitars.
Any American manufacturing will remain boutique and artisan on a small scale.
The day of affordable American made mass produced products are gone. The 1970's aren't coming back.
 
eohrnberger said:
Just caught this bit of news.

EU prefers to talk than fight with US over Trump's tariffs​

LUXEMBOURG, April 7 (Reuters) - European Union ministers broadly agreed on Monday to prioritise negotiations to remove tariffs imposed by President Donald Trump over retaliation even as it prepared a first set of targeted countermeasures.​
The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% from Wednesday for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.​

Apparently driving the EU to the table to negotiate the tariffs issue.
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Yes, that's nice. The tariffs are still there and the EU is preparing to drop countermeasures.


And the stock market is down 5000 points.
 
ttwtt78640 said:
Wanting changes and getting changes are very different things.
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This quite true.

ttwtt78640 said:
IMHO, if Trump continuously changes his foreign trade/tariff policy then the resulting impact of market uncertainty will get worse.
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Yes, the market hates uncertainty, and we are seeing their reaction to it.

We are also seeing trading partners coming to the table to negotiate the tariff policies which impact them.
 
JohnRawls said:
Lets pretend that manufacturing moves to the US which is not going to happen obviously but lets pretend.
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Maybe we can get a MAGA to explain how elimihating/lowering tarrifs brings manufacturing jobs back to America? I can see how imposing large tarrifs does that......but lowering them and extending free trade type environments does the opposite. There is no impetus to move to the US if you can export there cheaply.
 
dobieg said:
Workers would theoretically trade up in jobs.
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Yes, in 2-3 years, as factories come on line. Even Trump gave that timeline.

In the meantime?
 
Luce said:
I love how the bastards are all saying the stock market doesn't matter anymore.
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Right?
There was a time when MAGA would cream their jeans every time their idol made a twitter post on how stocks were increasing under him.
 
eohrnberger said:
This quite true.


Yes, the market hates uncertainty, and we are seeing their reaction to it.

We are also seeing trading partners coming to the table to negotiate the tariff policies which impact them.
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Which ones, specifically? China? Canada? Mexico? You know, our three largest trading partners?

How about the EU? Yes, they say they want to talk, but they're about to add some pressure of their own, first.
 
ElChupacabra said:
Until he changes his mind again about something, and back on the rollercoaster we go. The one thing that is consistent though, is the market fares better at any sign tariffs may go away.
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Agreed.

ElChupacabra said:
The key thing to remember here all we know is 50 countries want to negotiate, but we have no idea what those outcomes will be or if they are of any value.
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This quite true.
 
HenryChinaski said:
A manufacturing factory job isn't a 'trade up' unless you happen to be a master luthier at the Fender custom shop or Martin Guitars.
Any American manufacturing will remain boutique and artisan on a small scale.
The day of affordable American made mass produced products are gone. The 1970's aren't coming back.
Click to expand...


What a load of crap. First US manufacturing is ranked second in the world after China. And then the idea someone flipping burgers wouldn't trade up to working in a manufacturing plant with likely much higher wages and benefits is comical.
 
www.euronews.com

Von der Leyen offers Trump 'zero-for-zero' tariffs deal on all goods

"Europe is always ready for a good deal," Ursula von der Leyen says as trade tensions with the United States reach all-time high. #EuropeNews
www.euronews.com www.euronews.com

Von der Leyen offers Trump 'zero-for-zero' tariffs deal on all industrial goods​


From the perspective of analysts, it is an intelligent offer from the Europeans. If Trump rejects it, part of the Republican electorate might not understand it, since the new tariffs were supposedly a response to the tariffs imposed by other countries.

This would justify to European citizens the harsh measures against US technology companies, which could be banned in European countries, and would demonstrate that Europe was not the problem, while Trump was.

If he accepted the offer, it would put enormous pressure on China, the country with the most closed markets, and would reactivate the alliance against a common economic "enemy."
 
eohrnberger said:
Just caught this bit of news.

EU prefers to talk than fight with US over Trump's tariffs​

LUXEMBOURG, April 7 (Reuters) - European Union ministers broadly agreed on Monday to prioritise negotiations to remove tariffs imposed by President Donald Trump over retaliation even as it prepared a first set of targeted countermeasures.​
The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% from Wednesday for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.​

Apparently driving the EU to the table to negotiate the tariffs issue.
Click to expand...

I mean, the deal is simple here no? Europe will say remove the tariffs and Europe does nothing since it is already 0 tariffs between us excluding agriculture. Agriculture might be a problematic point because both sides subsidize their farmers heavily and if those subsidies are not removed then nobody will agree on 0% here and regulations. And removing those subsidies is political suicide for Europe and America, farmers are actually enthusiastic voters.

There is certain benefit to be able to more or less freely trade between all countries.
 
dobieg said:
What a load of crap. First US manufacturing is ranked second in the world after China. And then the idea someone flipping burgers wouldn't trade up to working in a manufacturing plant with likely much higher wages and benefits is comical.
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Manufacturing was moved off shore due to overhead and rising costs, salaries, facility maintenance, the cost of raw materials and the cost to ship them.
Levis and Nike can't produce jeans and sneakers in the US and remain competitive. Their jeans and sneakers would be sold for $350 a pair.
 
JohnRawls said:
Lets pretend that manufacturing moves to the US which is not going to happen obviously but lets pretend. Who will work in all that manufacturing? Your unemployment rate is very low right now. You realistically do not have even the 1/10th of manpower needed for all the manufacturing that you want to move. Not to mention that you don't have even 1/100th of the specialists for the more high value add manufacturing that might move on top of what you already have. So how exactly is this supposed to work?
Click to expand...
The unemployment rate was artificially low because illegal aliens held many of the jobs in construction factories and service industries. Unbelievably, if someone is out of work for just 4 weeks, after that he is taken off the ledger of unemployed. So, what happens is that struggling citizens, white and black had menial jobs and quit or got fired and looked for something else but in the meantime the contractor, factory worker, restaurant hired an illegal alien for cheaper and that guy couldn't get a job anywhere else. 4 weeks go by and VIOLA! He is like he doesn't exist when it comes to unemployment. He falls into a category of discouraged worker. When you combine the two, the total is really 7.7% of people not working. This does not include illegal aliens who are not working and that could be 3-7 million or more. We provide services to those people, and free medical and free schooling for their kids
 
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