scourge165

I haven't followed how the economies of Vietnam or Cambodia have done under Democrat and Republican leadership James....so I wouldn't know how to respond to this. I know how the AMERICAN Economy has done under Democrat and Republican Leadership... and the reason you don't see anyone saying, "hey, look at how many more jobs the Republicans created vs the Democrats," or "look how the Democrats have added more to the debt," is because...they can't, it's not true and it's easy to show how it's not true.

I don't know what you're talking about. Steel Mills? Is that a normal small business that people are looking to start? And then some anecdote about someone calling the police on a kid?

Yeah, you should be. The S&P was up 70% during Obama's time in office vs 28% during Trump's time in office(I'm leaving out this week but it probably should be included since he just wiped out one of the strongest years of growth in 3 days), despite coming in during the housing crisis left him. So...yeah, I would be saying "thanks Obama." You must have a self managed 401K...which is fine, but that's user error, not on Obama issue. Google it, look it up. See who added the most to the debt, who has added the most jobs...any metric. But telling me 'MY 401K did bad during this period when we were in one of the longest bull runs in recent history...I don't know what the point of that is.

No, not really. I assure you if I saw our President plunging us needlessly into a recession that would harm the entire nation, it's make me a little irritable under ANY circumstances. The rest of your whining, you say the tariffs are higher and I should be "open to learning." And you? You just keep using the equivalent of Wikipedia? I don't actually think I said that, but ANY consideration to YOU being wrong? Were the THOUSANDS of economists then OR now wrong? I've laid it out for you as SIMPLY as possible. Smoot-Hawley Passes at a time when the US Economy is about as strong as it's EVER been. Unemployment is virtually non-existent. If you want to work, you can work. Inflation, there is no inflation. .6 Passing it, JUST as what happens this week causes the Market to Crash. Within 7 months of signing it into Law, unemployment goes from ~1% to 12% on it's way to 15%.

Just to clarify, are they trying to argue that...the Democrats won the election because of illegal immigrants voting in Wisconsin? I'm sorry, I'm late here and don't have the time or energy to go back and look into all this.

This is my issue thus far. So many of these that are added to the running total are contracts that they're cancelling that they've already paid for or WILDLY misleading in order to justify their jobs. I've even seen projections that DOGE will end up costing money with cancelling contracts and then having to hand them back out or a slew of other things. I never cared about Elon Musk beyond what he did as the CEO of TESLA just as I don't care what Jensen Huang does beyond the CEO of NVDA. But he has become...so clearly full of it, I don't trust him. And the way he, after forcing the X algorithm to make him the most viewed man, he takes a nonsensical conspiracy, says, "hmm, that's interesting," just to amplify it and then he doesn't have to take any responsibility for. That's exactly how propaganda is spread. The Russians did this with Zelenskyy's two "Yachts." It was one of hundreds of posts that started on a small, insignificant little forum and then they started spreading it. I do like cutting off funding to UNRWA. You had Israeli Hostages there. The Palestinians are NOT happy or content to watch their little piece of the world grow and blossom like Israel is. They will not stop until they kill all the Jews. Evidence...Hamas leaders saying they wish all the Jews returned to the Holy Land...as "it'd be easier to kill them all at once." I don't think funding Israel and the Ukraine is the same thing...one is on it's heels and we're effectively giving the Ukraine old American equipment and then spending that money in quite literally EVERY congressional district and spending to buy new American weapons. But I don't know that Israel needs funding either. Beyond helping with intelligence and occasionally taking out Houthi Rebals- Though again, very skeptical the group we took out that Trump then put up on Twitter was a terrorist group as it was configured exactly like a Religious gathering, but that's a larger discussion. That Region will never be safe while the people support the extremists and the extremists will keep showing up while the place they call home is being decimated. What's more, a strategy to turn their children into weapons and "push them toward Martyrdom," has become a core Tennent of their belief system. If Iran could fall or be taken back by the people(they called it the white revolution in the 1970s as they were the most Pro-American Middle Eastern Country with much of our culture, our music, fashion, women walking around with some ankle showing...maybe even some knee. I don't know how else you solve this problem when this is the cycle;

Ok...this is gonna be it for me tonight...unless I can't sleep on these chairs, but I find this particularly funny when Kirk is defending the "liberation day" tariffs, yet his argument is all for targeted tariffs, but then also claims that corporations "Owe it to you," speaking to a citizen...to provide them jobs;

No, I did...I was just being facetious. Other comments about how it wasn't good enough...etc... Also, I've spent the last two days sitting in a Hospital room waiting for a parent to get transferred to Hospice watching what COULD be the worst economic meltdown since...The Housing Crisis or since the Great Depression(I don't see Trump stepping in and bailing people out as it'll make him look bad) so...some of my jokes may not quite be landing.

These are the economists that the TRUMP administration clamed these tariffs were a GOOD idea... https://finance.yahoo.com/news/the-white-house-cited-these-economists-to-justify-its-tariffs-they-arent-thrilled-193615537.html?.tsrc=fin-notif Tell me when I've used enough sources? It would also appear you missed the part about the league of Nations met in an attempt to lower tariffs. Also...how else can I explain this to you... How about this. If I say EVERY person is going to pay 50% taxes on their income and THEN I say if you work in JUST these fields you'll pay 60% taxes, but you actually only collect 13% taxes on the first group and then you collect 24% on the 2nd group...which is higher? It really shouldn't be a difficult concept, but...you may need to dig deeper than...."Investopedia." Kinda like when you repeat the Trump administration is just matching the tariffs and it turns out they're doing anything but that. LOL...this is the Trump administration. "Thought and precision?"

For instance James(can I call you James? Calling you Jimmy makes me feel like I'm talking to a child who cares most about WWE, John Cena and Grilled Cheese Sandwiches; https://finance.yahoo.com/news/the-white-house-cited-these-economists-to-justify-its-tariffs-they-arent-thrilled-193615537.html?.tsrc=fin-notif

Yeah, as usual, this is cute "Jimmy." But I'm not presenting myself as "the greatest authority on everything." I can see why it may feel like that to someone as...staggeringly ignorant as you are, but no, I LISTENED to the greatest economic minds, I went to school for History and Finance. So I TRY to stay informed and educated. When the greatest minds in the field speak or something has actually happened and was a significant historical event, I try and...learn from that so I can understand it and apply it to what is happening in the modern world. You think it has to do with intelligence...it doesn't. It just has to do with being an adult and wanting to stay informed. I've also cited all my sources, but this is a guy who "LOL...leading in AI?????????? OMG," and "it's 12 hours later, I thought the great depression was starting now." You do realize...it didn't get the moniker the GREAT depression until years later? It went through stages of recession to start and then months after when unemployment hit 12.5% and Hoover tried to dictate how companies operated that we sank deeper...and yet, it still wasn't "the great depression" yet. So it's not so much me being "the world’s greatest authority," though I could understand how it seems like it to someone who'd never heard of Nvidia or scoffed at that 'crazy futuristic AI,' it's really...just your ignorance.

One more thing I can add here...since a lot of these surface level links just list Smoot-Hawley AMONG the reasons for the great depression...is anyone seeing how the PROMISE of tariffs has a MASSIVE impact? The market has...well, crashed. It's well in Crash Territory now. We worked on this yesterday. Ok, so we've seen what happens when you ANNOUNCE tariffs. So now, with that understanding, lets go in chronological order. The stock Market Crash of 1929- That was October 1929 Banking Panics, the run on the banks, that was when unemployment hit double digits in 1930 and 1931. "The Smoot-Hawley Tariffs? When WAS-THAT-PASSED? In other words, when did the United States signal to the rest of the world that the League of Nations meeting to reduce Tariffs in 1927, they were going to go the OTHER way with that? MAY OF 1929. But hey, keep telling me "there I go again," and that Smoot-Hawley didn't cause the great depression...it MERELY "Crashed World Trade." People keep telling me that wasn't the issue. It was...well...just something else. Not that. They also keep telling me about this...."plan" that is going to alleviate all the suffering and contraction of the GDP and the TRILLIONS flooding out of the US Markets. Can someone share with me beyond "Powell isn't selling?"

Ok...so you're really not understanding what Trump has proposed or what effective tax rate is. I'm really seeing ignorance as the driving factor behind a lot of the "so what, he has a plan," responses. This is of course, as Krugman pointed out not factoring in that it's going to have an exponentially larger impact due to how much GLOBAL trade we have no... Ignorance has gotten us into this mess(yesterday I had to argue with people that the tariffs weren't passed through the house until after the market crashed, had to explain unemployment was at ~1% when passed, inflation at about .6%, 2.5% unemployment when signed into law and then ~13% by the end of 1930 on their way to over 15% within a year. Today I guess I need to explain what the actual tariffs were...when we made the worst policy blunder in American History and how Trump has unequivocally said they're going higher. https://www.statista.com/statistics/1557485/average-tariff-rate-all-imports-us/ Note...the SHARP increase in tariffs are JUST what he's put into effect already. The actual tariffs don't start until April 9th(which is when we get his with reciprocal tariffs) and then...well, as happens in trade wars, just as we started out at about 15.8% and went up from there, we'll likely do the same here.

Ok...so you just told me about this big plan Trump has. -You asked if "I know who's selling." So I asked...what's the plan. You respond with NOTHING about the plan and "Jerome Powell's not." I don't know where Powell said he wasn't selling his stocks. I do know where he said that they were going to be worse on inflation than expected. I'd bite and ask where Powell said he's NOT selling the market, but...I don't care about what the head of the Fed says about his own personal portfolio. I mistakenly thought you had something to add.

Yeah, I didn't expect you to answer my question about his plan, but...no. This is above Smoot Hawley(and this is BEFORE he's added Semiconductors, again, the thing that has been DRIVING the market and responsible for about half the gains in the SPX the last two years, the NASDAQ...PHARMA, LUMBER, Energy among other thing that he said he WILL be adding. https://www.newsweek.com/smoot-hawley-tariff-act-1930-donald-trump-reciprocal-2055368 https://www.cnbc.com/2025/04/03/us-tariff-rates-under-trump-will-be-higher-than-the-smoot-hawley-levels-from-great-depression-era.html I don't know what else you need, but what do you mean "there I go again?" I was ridiculed on here about a year ago for saying Trump was calling for "across the board tariffs," and said that was ridiculous. Now it's "he has a plan." And that plan...apparently isn't to work out better trade deals? That's like playing Russian Roulette with one in every chamber.

Sure. If these were ANYTHING resembling reciprocal, then...yeah, there'd be some argument for some of them. They are not. They were just made up "tariff rates," based upon trade deficits.

Yeah, I know he said that is not the plan. Then, there is no plan but tariffs and it's...mind bogglingly stupid. Who has been selling? Everyone, but foreign money has been being pulled out of American Markets. When you drop 4000 points on the SPX in 2 days, well over 20% in the Russell from ATHs(crushing small caps)....and I could go on, but...we all know these two days are among the worst market drops of all-time. In the top 5(1st in net loss)...everyone is selling. No longer a risk-off trade, it's just a 'get out trade.' But...go ahead and tell me who you think is?

No, these are WELL above Smoot-Hawley. And this is the thing, this is why the League of Nations had to meet just 2 years before we re-started our OWN tariffs in 1929. Again, if you looked at China for example, they stole META's IP with ChatCCP...you could put EXPORT tariffs on them. Their FSD and EVs? You don't want BYD to get a Foothold in the US, you could put import tariffs on them. Those would make sense. If TSM didn't ALREADY plan to spend HUNDREDS of billions to move and diversify away from China, tariffs on semiconductors. Now that's the one that I dislike the most as I've been in NVDA for 6 years, AVGO for 3 years, and TSM for over 2 years now, but hey, that would also make sense. Again, if they weren't already investing in the US, that'd be another area that it'd make sense. If you were worried about the slave labor in China....you could put 25% tariffs on them. That'd...hurt, but we put twice 54% on them(we think, the guy actually in charge of trade isn't sure). This is something you do in a video game where you also attack Russia and you just do stupid things because it's a simulation. War of the Worlds type thing(not the movie, some game I've seen advertised). I have NEVER in my life hoped that a man I dislike so much...ends up being so successful that it's just undeniable. Nothing would make me happier. I do not believe people are grasping the scope of his though. I don't think Trump thinks it's a problem, I think if we just "get through it," it'll work. And I don't think he's afraid of losing both houses...I think we're going to have to strap in for at least an '08 like recession, but I don't think Trump will spend what it takes to pull us out of it(hence why I think a depression is legitimately on the table).

1-Pretty sure he was talking about in the US 2-Bernie wasn't a socialist. He was a social Democrat. 3-That's been tried, it's actually successful. It's not plausible when you have a massive deficit and 90% of your budget is Military Spending, Social Security and Medicare. People call Bernie a socialist. Well...don't call us Free Market Capitalists any longer. Virtually all the same arguments used against one are used against the other. It's big Govt controlling the supply with inordinate tax rates. You want a new Cell Phones? Get ready to pay 500 more for it, OR build it in the US(that should take 5 years) and then you'll probably pay 750 more per phone(today's money) as you KNOW American's aren't working the hours and for the pay they do in China. So how do you think we'll make it work? There are millions of jobs we can't fill now, but we're going to fill the skilled down labor, no unions,...and we're going to do it by letting in as few people as possible and deporting 10M(apparently)?

I mean...Jim Kramer isn't my guy for picking stocks and all of his little games, but we've heard from SOOO many economists, Nobel Laureates...Krugman, Historians over time. The plan, I presume you mean is to work out deals with these Countries in the next ~4-5 days and try and find some trade deals, right? Trump is saying that's not what he wants, but lets say it is. Lets say we "just" lost Japan, China, South Korea and they don't back down. Lets say we end up with "just," those three Nations. You're at best strengthening your biggest rival(or 2nd pending on where you rank Russia) and significantly weaken your influence on that region(and then Taiwan? How are we putting tariffs on Taiwan)? Oh, and he's still planning on tariffs on Semiconductors(that was behind about half the market growth in '23 and '24), Pharmaceuticals, Timber(house I just built would have been about ~230-250K more under these tariffs vs Biden). And then the tariffs were just based on...no rational reason. So PLEASE try telling me why everyone but Trump is right...not just now, but for the last 100 years? Seriously, I'll take it. I'd really prefer to not have the in-law suite in use at all times.

Ok. I am PRAYING that plan works out perfectly. I have zero faith in Trump's "plan" given what everyone(figuratively, but the vast majority) of the people who worked with him in '16-20 said about him, but I'd LOVE to see this work out. It's a plan that could save...a relatively minor amount(GDP growing at 3.8% as it was projected to vs contracting at nearly 3%) and turning the world...THE WORLD against us in an attempt to lower the interest rates on the 10 year. It's a heavy handed attempt to intentionally harm the economy in order to strong arm Powell into cutting the rates(Which could be disastrous also if done prematurely) They're also saying they're planning to raise the tax rates on millionaires to a top marginal tax rate of 40-41%. If it DOESN'T work out, you'll be saving MAYBE 50B over the next DECADE on the 10 year T-Bills while plunging the US into a recession that...if all the Countries that SAY they're going to form their own trade deals...which they are doing as we speak, his "plan" goes to hell. Finally...I don't believe he's got a plan. He shared his plan and then took an AI fake of Warren Buffett to say he thought it was brilliant(he did NOT, Buffett thinks it's as awful as everyone else does.

Great. It took longer than 8 hours of trading...

Yeah...the silly little screw ups with Trump...like when he drew on a map and just extended it into Alabama just because he said the storm could go there... But what he's doing here is too big and dangerous to find quite as funny. Though, I mean, really, they talked about how serious they were going to be when deciding on tariffs.

Well...just imagine if Trump or Biden weren't there to receive fallen soldiers? The Market is crashing and we're unloading 4 dead service members and Trump is BACK where he normally is...BACK on the Golf Course.

https://finance.yahoo.com/news/how-trump-has-talked-about-stocks-under-biden--in-5-stages-180052595.html?fr=sycsrp_catchall