- Joined
- Jun 24, 2017
- Messages
- 10,937
- Reaction score
- 6,168
- Location
- In yo' grill
- Gender
- Male
- Political Leaning
- Slightly Conservative
True story:
The owner of one of one of my local Chinese carry-out joints claims her newly minted accountant son, living with his parents and educated here in the States, found he could make more money via job offers he was getting when visiting China - vs working here in the States.
So, he packed his bags and went off the China.
I have no idea what to make of this? Was she speaking in terms starting wages? Or, greater financial opportunity? I dunno'. But she claimed the kid told her his job offers in China were for more money.
FWIW, my conversation with the mother took place sometime just before Covid.
I haven't touched much of anything. I am in my 30's I don't have enough time to worry about this right now. If anything it dipping is good for me.Sounds like someone stomping their feet because they pulled their money out of the market.
Trump has accepted a worse version of the status quo lol. What will happen in 90 days? More of Trump being a ***** it seems.And only a moron would accept the status quo and enjoy getting hosed in the process. Thank you sir. May I have another?
Nobody is going to plan production around a 90 day time-line. What were asking people to do is wait to plan things around whenever the president eventually makes a trade deal and pay more for things right now.
Mostly people haven't ended up panicking because Trump folds so fast on his really stupid ideas.We're what......a couple points off the all time highs and all for a few weeks of disruption?
People who didn't panic are still up since the election and those who know just a little bit made out quite well.
They just made the change today. How would I have data?Have any core pce data to back up that claim?
It looks like the left is right and Maga on this board on wrong. These tariffs are about finding a tax stream to pay for tax cuts for corporations and the wealthy.Just look at the reaction to China’s tariffs here on DP. They aren’t even impacting prices yet and members, at least on the left, are demanding that an American President acquiesce to Xi Jinping. How far will you take that? What happens if China decides the punishment for any U.S. intervention in an invasion of Taiwan is that your socks and toys will be restricted, banned, or cost more? Are Americans gonna abandon Taiwan for ankle socks (at least in the arena of public opinion)? I do wonder.
I haven't touched much of anything. I am in my 30's I don't have enough time to worry about this right now. If anything it dipping is good for me.
It isn't good for my parents though who are retired and the general future of the United States.
It looks like the left is right and Maga on this board on wrong. These tariffs are about finding a tax stream to pay for tax cuts for corporations and the wealthy.
Enjoy your more expensive Chinese ankle socks so that Peter Thiel can keep more of his billions.
They just made the change today. How would I have data?
And how would youhave data prices are going up? CNN tell you?
Well you see... Putting a 30% tariff on goods drives up their prices.
was reciprocal what he was after ?
The best thing for me to do so I don't need to spend hours upon hours doing research is to ride it out. I have 30 years to make up for it.So you were sure Trump was ruining our economy but you didn't touch your investments?
You and Trump have that in common! Lol.I have absolutely NO idea what he thinks he's after!
If I did, I wouldn't be asking.
I’m sure a big part of this is a battle of egos. As noted previously, this trade war was started by Biden in September. I’m sure Trump doesn’t want China’s retaliation for that in December to go unanswered. And vise versa for Xi. So here we are.I have absolutely NO idea what he thinks he's after!
If I did, I wouldn't be asking.
Well apparently someone is hiring Americans or we would have not had full employment under Biden. This trade war is not about employing Americans it is about Trump getting cash out of the American people so he doesn't need Congress and can cut income taxes on his billionaire buddies.The tech sector suffers from the same problem as manufacturing and will ultimately meet the same fate. More and more of it is being offshored to India and Asia for the very same reason. Why deal with the legal and economic baggage of the American worker when you can hire someone over there for less drama and comparative peanuts?
But Trump said CHINA would pay for it????Well you see... Putting a 30% tariff on goods drives up their prices.
So you can explain how the previous tariffs by Trump and carried over by Biden effected you personaly I assume.
I’m sure you believe that but the devil is the details. Who was hiring during Biden Administration? The government and the hospitality industry were responsible for the majority of job growth. If you think cleaning shit stains from the toilet for minimum wage is the American dream then you root for that. In terms of the trade war, Biden started in September so your CT doesn’t hold water.Well apparently someone is hiring Americans or we would have not had full employment under Biden. This trade war is not about employing Americans it is about Trump getting cash out of the American people so he doesn't need Congress and can cut income taxes on his billionaire buddies.
We're what......a couple points off the all time highs and all for a few weeks of disruption?
People who didn't panic are still up since the election and those who know just a little bit made out quite well.
This is a gob-smackingly stupid argument.People will only buy the product at +30% if they think it's worth +30%. For a lot of stuff, they won't. They'll buy something similar from another seller, or spend their money on something they think provides more value. That forces the exporter to reduce the price, or the importer to take a hit on the profit margin. In either case, the result is a product that may cost consumers more, but not +30%. People are pretty value-conscious.
That's a fair point. The only issue some of us have is absolutely nothing of value has been accomplished for decades by engaging in civil, non chaotic trade diplomacy.
Perhaps the bull in the China shop approach was needed to get other countries to the table for serious rebalancing of trade policies even with the short term pain and disruptions it would cause.
The best thing for me to do so I don't need to spend hours upon hours doing research is to ride it out. I have 30 years to make up for it.
Attempting to time the market with this idiot in charge is even more foolish than trying it in a normal period.
You should know this if you have any amount of investments yourself.
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