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F.D.I.C.
so red-assed
F.D.I.C.
we've had radical tariffs four previous times in US history (1816, 1837, 1890 and 1930)
all four times it led to a depression (2+ years of economic contraction)
https://www.historians.org/perspecti...en-disastrous/The president whose actions most resemble Trump’s is Andrew Jackson, who thought he could somehow renegotiate this trade in 1837, and so inaugurated a new depression that flowered after he left office. He tried to defund Britain’s role in this credit chain by removing deposits from the Second Bank of the United States (which facilitated this Atlantic cotton trade) and demanding gold for US land sales. This was, in the words of Trump, “a deal like no other,” mostly to support Jackson’s slaveholding friends who had discovered gold in North Georgia and western North Carolina. But that gold was not nearly enough to cover these complex transactions. The Bank of England, sensing that too much gold was being exported to the US to cover these transactions, cut off the British banks, raised the bank rate, and plunged the US into a depression that lasted six long years.
Just when you need a House, well, the House.
He & Musk lured ya's up to Wisconsin a while back there and you won a Judgeship up there, but, lost those 2 House seats down in Florida whilst you was MIA.
The old House, Winester.
WOOF, WOOF!!!
CEOs sound off on Trump's tariffs
https://www.ft.com/content/4a94bdc9-b3fd-4e6b-910d-926ee1c53083While fewer than a fifth of the blue-chip stocks in the S&P 500 index had held first-quarter earnings calls by Tuesday, tariffs were cited on more than 90 per cent of them, according to FactSet. The term “recession” was mentioned on 44 per cent of calls, compared with less than 3 per cent on those covering the fourth quarter of 2024.
Norfolk Southern, a big US freight railroad group, on Wednesday said tariffs could slow down shipments of cars and intermodal containers, while coal production might cool “amid significant uncertainty around export trade”. Boeing also said on Wednesday that the US trade war with China would force it to find alternative buyers for some of its aircraft.
Tariffs will drive up the cost of gas-fired power generators, just as US electricity demand grows at a rate “unlike anything we’ve ever seen since the end of World War II”, John Ketchum, chief executive of NextEra Energy, owner of the largest US power utility, said on Wednesday.
Gas turbine manufacturer GE Vernova said its costs could rise as much as $400mn this year, while oilfield services groups Halliburton and Baker Hughes warned that Trump’s trade war could dent earnings, disrupt supply chains and push down oil prices, causing a pullback in drilling.
Baker Hughes’ shares fell 6.4 per cent on Wednesday after it said tariffs could cost the company up to $200mn in earnings before interest, tax, depreciation and amortisation this year, a hit of about 4 per cent.
AT&T and Verizon, two of the biggest US telecoms groups, warned that tariffs could raise the price of phone handsets and wireless routers.
“If the tariff is going to be as high as they say on the handsets, we are not planning to cover that in our work. That’s just not going to be possible,” Verizon’s chief executive Hans Vestberg told analysts this week.
Boston Scientific said tariffs would cost the medical-device maker about $200mn this year, even as it raised its profit guidance. Johnson & Johnson last week maintained its annual earnings forecast but noted $400mn in costs related mainly to tariffs on medical devices.
At 3M, chief executive William Brown said “tariffs are going to be a headwind this year”. The manufacturer of Scotch tape and Post-it notes said it would try to soften the blow by moving production and inventory around its network of 110 factories and 88 distribution centres, by cutting costs and by raising prices.“We’re trying to be pretty smart, strategic and surgical about this,” Brown said.
At builder PulteGroup, chief executive Ryan Marshall said tariffs would add about $5,000 on average to the sale price of new homes.
“Whether it’s the volatility in the stock market, concerns about tariff-induced inflation, the fluctuation in interest rates or the growing talk of recession, demand in April has been more volatile and less predictable day-to-day,” Marshall told analysts.
Aerospace and defence company RTX said it could suffer an $850mn hit to pre-tax operating profit from Trump’s tariffs if they remained in place to the end of the year. GE Aerospace said it would raise prices to help offset roughly $500mn in extra costs.
Dump just got owned
Peak projection right here. Not sure I've ever seen a post that projects so hard while accusing the other poster of projecting.emoji wall trying to mask the butthurt projection
I didn't ignore the advice of the President when he said it's a great time to buy. I didn't miss out on the best buying opportunity since COVID. I wasn't the one begging for stocktips on ST and then once I missed the obvious dip admitted I sat on my hands. There is nothing for me to be butthurt about, that's all you bro.
I thought your knowledge about polling was hilarious but now that you've started trying to talk about the stock market it's even funnier than polling.
You going to answer this or dodge again? Where were all your market updates and whining in 2022 when the DOW ended 9% down, the S&P ended 18% down, and the NASDAQ ended 33% down? Or were you not yet a "real world financial guy" back in 2002?
What is the purpose of these tariffs?
Could China have even imagined a better global scenario than what Trump is handing to them?
Your question is still pending first. What stocks did you buy on Trump's advice and when?
I bought before Trump posted that it was a good time to buy and I'm pretty sure I told you it was a good time to buy before Trump did. It doesn't matter what stocks I bought because regardless of what I bought you'll just claim, like you've been doing from the start, that I didn't buy anything. You could have thrown a dart on a board and picked anything during that dip. A beginner like you could have emptied your powder into SPY and called it a day. What I bought, or didn't according to you, doesn't matter. You didn't buy anything during the best opportunity since COVID and you're still butthurt that you ignored my advice and you've been lashing out ever since.
So, you going to answer my questions or dodge for the third time. Where were all your market updates and whining in 2022 when the DOW ended 9% down, the S&P ended 18% down, and the NASDAQ ended 33% down? Or were you not yet a "real world financial guy" back in 2022?
TSA doing the bow-and-arrow 3 point celebration after a made shot to bring his team to being only down 30 in the fourth
So neither one of us did anything.I bought before Trump posted that it was a good time to buy and I'm pretty sure I told you it was a good time to buy before Trump did. It doesn't matter what stocks I bought because regardless of what I bought you'll just claim, like you've been doing from the start, that I didn't buy anything. You could have thrown a dart on a board and picked anything during that dip. A beginner like you could have emptied your powder into SPY and called it a day. What I bought, or didn't according to you, doesn't matter. You didn't buy anything during the best opportunity since COVID and you're still butthurt that you ignored my advice and you've been lashing out ever since.
So, you going to answer my questions or dodge for the third time. Where were all your market updates and whining in 2022 when the DOW ended 9% down, the S&P ended 18% down, and the NASDAQ ended 33% down? Or were you not yet a "real world financial guy" back in 2022?
Biden wasn't the direct cause of any sudden market swings in any direction so there was no need to whine about Biden.
Trump is the absolute direct cause of the market disruption because of these re ed no- plan egomaniac tariffs.
It's ridiculously obvious to most everyone here not under the influence of an alt right Podcaster. You're venturing into derp territory.
Incoming shaqdunkondudley.gif when the next big pharma or big tech company announces another plant being opened to employ a few more thousand people, still down 40 two minutes left
https://www.theglobeandmail.com/inve...y-bill-market/Warren Buffett’s Berkshire Hathaway Now Owns 4.89% of the Entire U.S. Treasury Bill Market
In a striking demonstration of conservative financial positioning amidst global market uncertainty, Warren Buffett’s Berkshire Hathaway has amassed a staggering $300.87 billion in U.S. Treasury bills, accounting for an estimated 4.89% of the entire T-bill market, according to Berkshire’s latest financial reports.
...
Staggeringly, Berkshire now holds more T-bills than the U.S. Federal Reserve, which currently has holdings of just over $195 billion in Treasury bills. That milestone exemplifies just how large Buffett’s position in short-term government debt has become — and how few corporate players can rival it.
Buffett’s massive footprint in the T-bill market signals strong ins utional demand for low-risk instruments and may serve as a cautionary tale for investors chasing yield in riskier assets.
...
Kung Fu Tigers Claw to the eye by Xi!!!
Go Kang Xi!!!
APOLLO: “Trade Between China and the US Collapsing .. The consequence will be empty shelves in US stores in a few weeks and Covid-like shortages for consumers and for firms using Chinese products as intermediate goods.”
Kang Xi shut the door on a Friday mornin
is Trump talking about the special carve outs that he negotiated with Target, Walmart and Home Depot?
Kang Xi just opened up a can of Shut The Up
This stupid senile mother er having delusions now
This stupid senile mother er having delusions now
And some re ed americans will actually believe that
Kang Xi is not going to waste his valueable royal time talking on the phone with this buffoon
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