Ford offers employee pricing to EVERYONE!!

[Offthemat]

  On 4/6/2025 at 3:43 AM, scourge165 said:

so we actually NEEDED global trade

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Our farmers had been encouraged to utilize the low interest rates to invest in machinery and expanding their operations.  European farmers had likewise recovered from the war and were producing more than they needed, so they put tariffs on our agriculture.  Our farmers were going broke by 1928.  When the Fed started raising interest rates in early 1929, it was to clamp down on the over valuation of the stock market, but it crushed the farmers.  
 

Home construction had gone much the same way.  By 1928 there were too many houses and home construction jobs vanished.  This ravaged the construction materials sector.  
 

You want to see a crash?  Let the Fed come out and raise interest rates by 50 points, much less the 300 increase of early 1929.  By 1932 the Fed had removed one third of the currency from the economy.  They’ve failed us again.  Much of the loss in the stock market is due to a much expected correction. 

[scourge165]

  On 4/6/2025 at 5:07 AM, Offthemat said:

Our farmers had been encouraged to utilize the low interest rates to invest in machinery and expanding their operations.  European farmers had likewise recovered from the war and were producing more than they needed, so they put tariffs on our agriculture.  Our farmers were going broke by 1928.  When the Fed started raising interest rates in early 1929, it was to clamp down on the over valuation of the stock market, but it crushed the farmers.  
 

Home construction had gone much the same way.  By 1928 there were too many houses and home construction jobs vanished.  This ravaged the construction materials sector.  
 

You want to see a crash?  Let the Fed come out and raise interest rates by 50 points, much less the 300 increase of early 1929.  By 1932 the Fed had removed one third of the currency from the economy.  They’ve failed us again.  Much of the loss in the stock market is due to a much expected correction. 

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This is just absurd. You've had sky rocketing earnings reports.

Claiming "much" of the crash we've seen in the past few trading days is ACTUALLY just from an "expected correction," is absurd.

 

The Bears have called for a "correction," or a recession 98 out of the last 2 times. 

But, I asked a question, you didn't answer it, you simply explained why agriculture wanted a bailout. 

 

  On 4/6/2025 at 5:07 AM, Offthemat said:

You want to see a crash?

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No. Which is exactly why I'm against Trump's across the board tariffs. 

 

Laying THIS at the feet of the Fed is...absolutely insane though. There's just no other way to put it. The Fed guy 75 basis points last year and inflation was coming down to the targeted 2% range.

You don't just KEEP cutting or keep rates artificially low or you get...what? Inflation. Something we already had after Covid cost the economy 15T dollars and Trump added 8T to the market. 

 

But you took 6 words and...ignored the entire premise of the post. 

That's...almost akin to discussing this with Jimmy at that point. 

Edited April 6 by scourge165

[JimmySpeaks]

  On 4/6/2025 at 5:16 AM, scourge165 said:

This is just absurd. You've had sky rocketing earnings reports.

Claiming "much" of the crash we've seen in the past few trading days is ACTUALLY just from an "expected correction," is absurd.

 

The Bears have called for a "correction," or a recession 98 out of the last 2 times. 

But, I asked a question, you didn't answer it, you simply explained why agriculture wanted a bailout. 

 

No. Which is exactly why I'm against Trump's across the board tariffs. 

 

Laying THIS at the feet of the Fed is...absolutely insane though. There's just no other way to put it. The Fed guy 75 basis points last year and inflation was coming down to the targeted 2% range.

You don't just KEEP cutting or keep rates artificially low or you get...what? Inflation. Something we already had after Covid cost the economy 15T dollars and Trump added 8T to the market. 

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Which is why leverage will force blanket tariffs into targeted tariffs 

 

 

 

Edited April 6 by JimmySpeaks

[Offthemat]

  On 4/6/2025 at 5:16 AM, scourge165 said:

But, I asked a question, you didn't answer it, you simply explained why agriculture wanted a bailout. 

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Your question has a false premise.  The tariffs had a negligible effect on the economy because trade had already fallen off.  

[scourge165]

  On 4/6/2025 at 5:41 AM, Offthemat said:

Your question has a false premise.  The tariffs had a negligible effect on the economy because trade had already fallen off.  

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...so now Smoot-Hawley had a "negligible effect on the economy?"

 

That's just ridiculous. Exports had increased during the 20s and then fell off in 1930 as other countries fought back with reciprocal tariffs, but the 'the tariffs had a negligible effect,' is objectively ridiculous. 
 

In fact, exports wouldn't reach the 1929 levels again until 1942...which is how many years after the end of the great depression? 1. 

Edited April 6 by scourge165

[scourge165]

  On 4/6/2025 at 5:41 AM, Offthemat said:

Your question has a false premise.  The tariffs had a negligible effect on the economy because trade had already fallen off.  

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"A depression making bill....we must not retreat into the disastrous policies of the past."

-Specifically speaking on Smoot-Hawley...but, now Smoot-Hawley had a "negligible effect."