Market futures down (2 Viewers)

[Mycroft]

Take 9 minutes to educate yourself.

That guy is either a dumbass, or he thinks you are a dumbass who will believe his spin and lies.

He spins at 0:33 in that video when he says, "The trade deficit does not represent, at all, trade policies." The fact is, trade policies DO affect whether we have trade deficits or not. When Trump makes a deal with another country that results in the US selling more to that country, our trade deficit with that country will be reduced. That is TRUMP'S trade policies affecting whether we have trade deficits or not.

At 2:53 in that video he states that government deficit spending "is our trade deficit". This is utterly false. The government does not produce goods and services that are sold to other countries. The government does not buy goods and services from other countries. The American people and American businesses do that. All the government is able to do is make it harder or easier for the American people and for American businesses to do trade with other countries.

That's as far as I went in that video. I won't subject myself to more of that guy's spin and lies.

 

[The Mark]

Sure, but that really has nothing to do with the economy. It's only about their gambling games.

That's my point: Why should anybody care about whether gamblers win or lose bets? Life goes on. Businesses do what they need to do.

And MY point was that, if they're making bets based on what they predict the economy will do, it's at the very least concerning when their bets are that it will encounter issues.

By no means a sure thing, but concerning.

 

[Mycroft]

So you ARE saying that we are being "ripped off."

What part of "we ARE being "ripped off" because of the unfair, un-reciprocal and unbalanced trade practices of other countries." do you not understand?

I pay my barber for cutting my hair. She buys nothing from me. Am I being "ripped off?"

Let me know when some government prevents your barber from buying something that you are trying to sell her by making the price she has to pay higher than what you are asking her to pay.

Oh...wait...you AREN'T trying to sell anything to your barber? Then your analogy is a failure.

The fact that we buy goods and services from another country doesn't mean we have a trade deficit. We spend money and we get something. The fact that we CANNOT sell things to that other country...even though we buy stuff from that country...means we have a trade deficit.

 

[Airyaman]

That guy is either a dumbass, or he thinks you are a dumbass who will believe his spin and lies.

He spins at 0:33 in that video when he says, "The trade deficit does not represent, at all, trade policies." The fact is, trade policies DO affect whether we have trade deficits or not. When Trump makes a deal with another country that results in the US selling more to that country, our trade deficit with that country will be reduced. That is TRUMP'S trade policies affecting whether we have trade deficits or not.

At 2:53 in that video he states that government deficit spending "is our trade deficit". This is utterly false. The government does not produce goods and services that are sold to other countries. The government does not buy goods and services from other countries. The American people and American businesses do that. All the government is able to do is make it harder or easier for the American people and for American businesses to do trade with other countries.

That's as far as I went in that video. I won't subject myself to more of that guy's spin and lies.

Jeffrey Sachs, world renown economist, or some rando named Mycroft...who should I believe when it comes to economics...

 

[BabaVoss]

The decline will be precipitous due to the trade barriers. We're watching America commit economic suicide.

Incredibly, we are doing it intentionally,

 

[BabaVoss]

The US LOSES tons of money to other countries every year.

We do? How is that?

 

[BabaVoss]

When more of our money goes to other countries than what we receive from other countries, that is the definition of a trade deficit.

Yes. This is NORMAL. It would be unusual to NOT have some trade imbalance,

We are losing money.

No. We are buying more than we sell. That’s all it means.

 

[Mycroft]

And MY point was that, if they're making bets based on what they predict the economy will do, it's at the very least concerning when their bets are that it will encounter issues.

By no means a sure thing, but concerning.

Again...Why should anybody care about whether gamblers win or lose bets? Life goes on. Businesses do what they need to do.

 

[Master Debator]

Who gave permission for their money to be used by gamblers?

Those retirees.

Seems those retirees bear some responsibility for their actions. Don't you think?

In any case, that doesn't change the fact that gambling in the futures markets is NOT an indication of the economy. It just means a lot of people are leaving their own financial futures in the hands of gamblers.

I don't know if you lack total self awareness or are just ignorant of what the stock market is or both but your ha ha sucks to be the people who invested in America's future rhetoric is a pretty clear admission that Trump is slashing and burning that future for all its worth.

 

[The Mark]

Again...Why should anybody care about whether gamblers win or lose bets? Life goes on. Businesses do what they need to do.

Because it may indicate that, in their experience, things aren't looking good.

 

[Mycroft]

Jeffrey Sachs, world renown economist, or some rando named Mycroft...who should I believe when it comes to economics...

Krugman, world renown economist, spoke. A lot of people believed him. He was wrong. Now he doesn't speak so much anymore.

Perhaps Sachs should stop speaking, too.

 

[Shrink726]

What part of "we ARE being "ripped off" because of the unfair, un-reciprocal and unbalanced trade practices of other countries." do you not understand?


Let me know when some government prevents your barber from buying something that you are trying to sell her by making the price she has to pay higher than what you are asking her to pay.

Oh...wait...you AREN'T trying to sell anything to your barber? Then your analogy is a failure.

The fact that we buy goods and services from another country doesn't mean we have a trade deficit. We spend money and we get something. The fact that we CANNOT sell things to that other country...even though we buy stuff from that country...means we have a trade deficit.

Please provide me with a few specific examples of where we're unable to sell or goods or services because of these supposed unfair policies.

 

[Mycroft]

Because it may indicate that, in their experience, things aren't looking good.

shrug...

Everyone has an opinion. The fact that those gamblers are putting their money...and a lot of other people's money...on the line (and some losing A LOT of money) doesn't mean they are correct. It just means they are gambling.

 

[ElChupacabra]

It sucks to be a gambler who gets spooked over nothing but fear and panic.

Well, the fear and panic is currently caused by the trade policies of the US president which have upended the ability of futures traders to know where things are heading. This is the same problem all sorts of businesses are having in predicting how much to pre-order inventory etc. When you factor in this effort is led by the same business genius who bankrupted most of his businesses, some concern should be expected.

 

[BabaVoss]

shrug...

Everyone has an opinion. The fact that those gamblers are putting their money...and a lot of other people's money...on the line (and some losing A LOT of money) doesn't mean they are correct. It just means they are gambling.

You think investors are ”gamblers”?

 

[Lethargic Aptitude]

Jeffrey Sachs, world renown economist, or some rando named Mycroft...who should I believe when it comes to economics...

Your Wallet?

 

[poweRob]

The slip-n-slide continues.

 

[Mycroft]

Please provide me with a few specific examples of where we're unable to sell or goods or services because of these supposed unfair policies.

yawn...

Here's one: US auto makers cannot compete with European auto makers in Europe. Not, because US autos are inferior, but because the European government places a high tariff on US autos that price them out of the European market.

 

[ElChupacabra]

shrug...

Everyone has an opinion. The fact that those gamblers are putting their money...and a lot of other people's money...on the line (and some losing A LOT of money) doesn't mean they are correct. It just means they are gambling.

Well, the stock market is always a gamble, but how much fluctuation there is depends on a variety of factors. Some are driven by world events/disasters, others by the economic policies of nations that cause instability. Many industries are impacted by the tariff policies of the US, so it's hitting all sorts of stocks. Nvidia is losing value because it stated the impact of the US restrictions on semiconductors to China and more competition in the semiconductor market. Businesses always gamble to some degree because a part of planning is knowing what the potential future might be. If that potential future has more variables, businesses tend to contract to avoid potential large losses or gaps between their projected revenue and their actual revenue.

 

[Mycroft]

Well, the fear and panic is currently caused by the trade policies of the US president which have upended the ability of futures traders to know where things are heading.

If they were smart gamblers, they wouldn't react with fear and panic. They would wait and see "where things are heading".

This is the same problem all sorts of businesses are having in predicting how much to pre-order inventory etc.

This is a different issue. This is not about the futures market.

And, this is something that businesses ALWAYS have to deal with no matter who is President or what their trade policies are.

 

[Mycroft]

Well, the stock market is always a gamble, but how much fluctuation there is depends on a variety of factors. Some are driven by world events/disasters, others by the economic policies of nations that cause instability. Many industries are impacted by the tariff policies of the US, so it's hitting all sorts of stocks. Nvidia is losing value because it stated the impact of the US restrictions on semiconductors to China and more competition in the semiconductor market. Businesses always gamble to some degree because a part of planning is knowing what the potential future might be. If that potential future has more variables, businesses tend to contract to avoid potential large losses or gaps between their projected revenue and their actual revenue.

Yes. And this also applies to the everyday lives of everyday people. Welcome to life.

But we aren't talking about life. We are talking about the futures market. Life doesn't depend upon the futures market...unless individuals voluntarily tie their lives to that market...ie, gamble.

 

[ElChupacabra]

If they were smart gamblers, they wouldn't react with fear and panic. They would wait and see "where things are heading".

That's not how planning for the future works in the business world. If Donnie Boy knew anything about this, he would have been more strategic on how to negotiate trade deals.

This is a different issue. This is not about the futures market.

It most certainly is.

And, this is something that businesses ALWAYS have to deal with no matter who is President or what their trade policies are.

Sure, but not like this. But I know, the markets are tanking because they hate Trump.

 

[poweRob]

Not in maga-land.

Up is down, cold is hot, ugly is beauty....

Or... "It's necessary medicine".

 

[ElChupacabra]

Yes. And this also applies to the everyday lives of everyday people. Welcome to life.

It does, but how much so can depend on the actions of others. In this case, we have a president who has not been a particularly successful businessman in most of his ventures, deciding to implement a very disruptive trade war against most of this country's trade partners. The instability created is due to the tariffs placed and the predicted price increases of affected goods. If Donnie Boy were not president, this would likely not be a "welcome to life....under Donnie Boy" moment.

But we aren't talking about life. We are talking about the futures market. Life doesn't depend upon the futures market...unless individuals voluntarily tie their lives to that market...ie, gamble.

Well, how companies react to policy and instability most certainly is, and the resulting instability could cause them to lay people off if there's a higher chance of recession.

 

[Mycroft]

That's not how planning for the future works in the business world.

The futures market is not "planning for the future".,

It is "gambling on the future".

Nobody says, "I need to bet on the futures market so I can grow my business and sell more product." They say, "I am betting on the futures market so I can make a profit."