Trump Escalates Trade War as Stock Market Continues to Free Fall!!!

[Saylors_Tiny_Willie]

https://www.wsj.com/opinion/donald-trump-tariffs-canada-doug-ford-trade-war-ba0c6147

[red viking]

17 minutes ago, Tripnsweep said:

It's Bidens fault

[Wrestleknownothing]

Just now, red viking said:

It's Bidens fault

Thanks, Obama

[Saylors_Tiny_Willie]

20 minutes ago, Wrestleknownothing said:

Thanks, Obama

Must tan suit.

[Wrestleknownothing]

2 hours ago, 1032004 said:

I laughed at “everything’s computer!”

How about when he said, "I love Tesler"?

Buffoon.

[Offthemat]

5 hours ago, Saylors_Tiny_Willie said:

Trump showed the notes to the reporters and told them his staff gave them to him.  He said I don’t need notes, I’m not Joe Biden, and never read from them.  

[Boring]

2 hours ago, Offthemat said:

Trump showed the notes to the reporters and told them his staff gave them to him.  He said I don’t need notes, I’m not Joe Biden, and never read from them.  

So Trump tells the truth (that he never reads from notes), and you mock him for it? For the record he was telling the truth, mainly because he's illiterate. 

[Offthemat]

2 hours ago, 666 said:

So Trump tells the truth (that he never reads from notes), and you mock him for it? For the record he was telling the truth, mainly because he's illiterate. 

Haha nope.  You’re reading me exactly wrong.  

[Wrestleknownothing]

5 hours ago, Offthemat said:

Trump showed the notes to the reporters and told them his staff gave them to him.  He said I don’t need notes, I’m not Joe Biden, and never read from them.  

Great job focusing on exactly the wrong thing.

The President of the United States is doing a sales pitch on the lawn of the White House complete with prices and financing options because he is Musk's puppet.

Between the two of them they incinerated $859 billion of Tesla's market cap and trillions of dollars of the US stock market cap. So Trump decides it is time to target helping the richest man in the world.

If you look closely you can see the strings Musk is pulling to make Trump's mouth move. But Musk is a poor ventriloquist so I love Tesla comes out I love Tesler. Such a buffoon.

Trump doesn't care about you. Trump holds you in contempt.

[Offthemat]

51 minutes ago, Wrestleknownothing said:

Great job focusing on exactly the wrong thing.

The President of the United States is doing a sales pitch on the lawn of the White House complete with prices and financing options because he is Musk's puppet.

Between the two of them they incinerated $859 billion of Tesla's market cap and trillions of dollars of the US stock market cap. So Trump decides it is time to target helping the richest man in the world.

If you look closely you can see the strings Musk is pulling to make Trump's mouth move. But Musk is a poor ventriloquist so I love Tesla comes out I love Tesler. Such a buffoon.

Trump doesn't care about you. Trump holds you in contempt.

Wrong thing?  Tiny specifically said Trump was reading from a Tesla sales pitch.  I didn’t hear any pitch, other than exasperation at the campaign of hate that’s being waged against the guy who is volunteering his time, showing his devotion to this country by helping it out of a hole.  You are deep green with envy for both men.  
 

I consistently read about how stupid they are and how much smarter you are than they.  Problem is, it’s you doing all the telling.  And I don’t trust your objectivity.

A meme I read fits you.  It said:  If someone gave you $500,000 on the day Jesus was born, and gave you the same amount every day until now, you still wouldn’t have as much money as Elon Musk has.  So he doesn’t care about the $18.26 in your checking account.  Now shut up and go sit down.  

[Wrestleknownothing]

43 minutes ago, Offthemat said:

Wrong thing?  Tiny specifically said Trump was reading from a Tesla sales pitch.  I didn’t hear any pitch, other than exasperation at the campaign of hate that’s being waged against the guy who is volunteering his time, showing his devotion to this country by helping it out of a hole.  You are deep green with envy for both men.  
 

I consistently read about how stupid they are and how much smarter you are than they.  Problem is, it’s you doing all the telling.  And I don’t trust your objectivity.

A meme I read fits you.  It said:  If someone gave you $500,000 on the day Jesus was born, and gave you the same amount every day until now, you still wouldn’t have as much money as Elon Musk has.  So he doesn’t care about the $18.26 in your checking account.  Now shut up and go sit down.  

You are getting sensitive. The Musk/Trump economy must be getting to you. But worry not. Trump will end inflation on day 1, he will end the war in Ukraine on day 1. I can't wait for day 1.

But always keep in mind, Trump has contempt for you.

As for your math (or the math someone else did that you blindly accept), it may have been true at one time, but after the incineration job Musk/Trump has done to the economy, it is no longer true. And do you only listen to people who have more money than you? Is that how you measure your own self-worth? By your net worth? That would be a sad way to live. As long as we are quoting memes, it has also been said that behind every great fortune lies a great crime.

[Offthemat]

25 minutes ago, Wrestleknownothing said:

You are getting sensitive. The Musk/Trump economy must be getting to you. But worry not. Trump will end inflation on day 1, he will end the war in Ukraine on day 1. I can't wait for day 1.

But always keep in mind, Trump has contempt for you.

As for your math (or the math someone else did that you blindly accept), it may have been true at one time, but after the incineration job Musk/Trump has done to the economy, it is no longer true. And do you only listen to people who have more money than you? Is that how you measure your own self-worth? By your net worth? That would be a sad way to live. As long as we are quoting memes, it has also been said that behind every great fortune lies a great crime.

Your quote is attributed to Balzac, of whom it is written  “has also been a darling of Marxist critics going back to Engels himself, who wrote that he “learned more in Balzac than in all the historians, economists, and statisticians of his time.””

[mspart]

10 hours ago, Wrestleknownothing said:

You are getting sensitive. The Musk/Trump economy must be getting to you. But worry not. Trump will end inflation on day 1, he will end the war in Ukraine on day 1. I can't wait for day 1.

https://finance.yahoo.com/personal-finance/banking/article/6-eggs-and-other-inflation-pain-points-heres-where-prices-are-rising-181129344.html

The Consumer Price Index surged 2.8% over the prior year in February, and the month-over-month increase was 0.2% — both measures cooling from January.

You were saying?

mspart

[Wrestleknownothing]

49 minutes ago, mspart said:

https://finance.yahoo.com/personal-finance/banking/article/6-eggs-and-other-inflation-pain-points-heres-where-prices-are-rising-181129344.html

The Consumer Price Index surged 2.8% over the prior year in February, and the month-over-month increase was 0.2% — both measures cooling from January.

You were saying?

mspart

I can never understand when people post a story that refutes their claim, then say it supports their claim. Were you hoping I would just accept your statement and not read the story?

The first sentence is "Inflation is still running hot, little surprise to consumers feeling the sting in everyday purchases." Come on, art.

[Wrestleknownothing]

Jaimie Dimon outlines the other cost to the economy of "The Dumbest Trade War in History (and we were being kind when we said that)" - WSJ

Dimon noted that 25% to 30% of his clients are hesitating on business investments due to tariffs and other uncertainties, emphasizing that prolonged uncertainty hinders decision-making.

[Bigbrog]

A lot of these threads remind me of this meme and the saying..."Wishing and hoping the president fails is like hoping the pilot of the airplane you are on fails, just because you don't like him"  How about supporting the USA no matter what letter is running the country.  And celebrating other countries over your own shows complete and utter ignorance that isn't worth arguing with. 

I like some of what Trump is doing and I don't like other stuff he is doing, just as I did when Biden was in office, but never once did I want either guy to fail as that would mean we all fail as a country.

[Wrestleknownothing]

I am not hoping he fails. I am pointing out that he fails.

The only prices he has brought down are the price of stocks. 

[mspart]

On 3/12/2025 at 4:57 PM, Wrestleknownothing said:

I can never understand when people post a story that refutes their claim, then say it supports their claim. Were you hoping I would just accept your statement and not read the story?

The first sentence is "Inflation is still running hot, little surprise to consumers feeling the sting in everyday purchases." Come on, art.

The second sentence says, "The Consumer Price Index surged 2.8% over the prior year in February, and the month-over-month increase was 0.2% — both measures cooling from January".   Come on WKN.

Even better, inflation is lower than it has been since Dec.   So it has gone down.   That was my point.  

https://www.cnbc.com/2025/03/12/cpi-inflation-report-february-2025.html

https://www.wsj.com/economy/cpi-inflation-january-2025-interest-rate-83e0a0c4

https://www.bloomberg.com/news/articles/2025-03-12/us-inflation-comes-in-lower-than-forecast-offering-some-relief

Each site says the same.   Feb lower than expected and lower than the past few months.  

mspart

[Offthemat]

Egg prices are dropping; oil, gas, and diesel prices are lower; bond and mortgge rates have come down.  And more, in less than two months.

[Wrestleknownothing]

1 hour ago, Offthemat said:

Egg prices are dropping; oil, gas, and diesel prices are lower; bond and mortgge rates have come down.  And more, in less than two months.

No one who is serious blames a President for bird flu. While oil is lower, to say mortgage rates are lower is to cherry-pick mid-January as your point of comparison. They are lower, but not much given that they are still very high.

Consider what is happening with consumers:

U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy.

The deterioration in sentiment and inflation expectations reported by the University of Michigan Surveys of Consumers on Friday was across political party affiliation, with consumers saying "frequent gyrations in economic policies make it very difficult for consumers to plan for the future."

That mirrors similar concerns in some business surveys. The uncertainty created by Trump's on- and off-again tariffs as well as an escalation in trade tensions risks derailing the economic expansion. Fears of higher prices, which drove consumers' long-term inflation expectations to levels last seen in early 1993, create a challenge for Federal Reserve officials as they consider the next steps for monetary policy.

https://www.reuters.com/markets/us/us-consumer-sentiment-deteriorates-sharply-march-2025-03-14/

When consumers are uncertain they do not spend. That is bad for the economy.

And I previously quoted Jamie Dimon saying 25% to 30% of his clients are delaying investments due to the uncertainty driven by Trump's policy/whims.

And then consider the stock market. Trump inherited a booming, healthy stock market that was up over 50% in the trailing two year. Since he has started his trade war, a trade war the Wall Street Journal says it is being kind to call the dumbest trade war in history, the market is down 9% in less than a month.

[Offthemat]

2 hours ago, Wrestleknownothing said:

to say mortgage rates are lower is to cherry-pick mid-January as your point of comparison. They are lower, but not much given that they are still very high.

The start date for consideration is Jan. 20.

 

2 hours ago, Wrestleknownothing said:

Consider what is happening with consumers:

I believe most consumers spend the bulk of their money on housing, food, and transportation, the prices of which are dropping and not rising.  Their time is consumed with working, staying healthy, making it to wrestling or baseball events, etc.  They see or hear the headlines but notice, for now, things are getting better, or at least, smoothing out.  

 

2 hours ago, Wrestleknownothing said:

And then consider the stock market.

The stock market isn’t reacting to tariffs, it’s a normal correction that has been in the forecast for some time.  It happens occasionally and there’s always an excuse, Arab selling, good news, bad news, war, etc.  What was the similar drop attributed to in 2022, I forget.  It would have started as soon as the election was over if it was caused by tariffs as Trump ran on increasing tariffs, it was not unexpected, nor unforeseen.  
 

On tariffs, why do people believe that 250+% tariffs on U.S. dairy products to Canada are fine, but 25% tariffs on Canadian products to the U.S. are catastrophic?  The tariffs Trump imposed during his first term didn’t cause the harm that was predicted.  They were mostly retained by the biden administration and in some cases, increased.  In any case, they could only be said to have benefited obtaining the trillions of investments companies, many foreign, have committed to.  Jamie Dimon isn’t real reliable.  I bet you’re smarter than him, aren’t you?

Just wanted to add that during these last few days of the stock market losses, our stocks went up. 

Edited March 14 by Offthemat