From Politico:
Where Trump’s tariffs will really hit home
When President Donald Trump unveils his broad slate of new tariffs Wednesday, one industry that typically gets a sympathetic ear from the former real estate magnate is likely to feel especially vulnerable — homebuilding.
Tariffs on imported goods will slam the housing sector – which represents about 16 percent of GDP – just as it’s starting to show signs of life after years of stymied sales due to soaring home prices and high mortgage rates. But the market’s comeback is fragile, and the typically busy spring selling season has been a disappointment so far. The last thing it needs is a price hike on the materials used in new home construction and remodeling.
“Our conversation with the White House has been consistent from Day One – that tariffs will increase the cost of housing because of the building materials we import from Canada, Mexico and China,” said Jim Tobin, president and CEO of the National Association of Home Builders.
Trump was elected in part because of Americans’ frustration with inflation. And housing costs are the biggest single factor in inflation, making up fully one-third of the Consumer Price Index. Trump released an executive order on the first day of his presidency to tackle the rising cost of living, singling out housing as a big target. Now, Tobin said, the president is undercutting his own plans.
“Canada, Mexico and China are our biggest building material trading partners,” he said. “He has pledged to build more housing, and we believe the tariffs work against that goal.”
The rumored 25 percent tariffs on all Mexican and Canadian goods would hit the construction industry particularly hard. Of the 30 percent of lumber that is imported, 70 percent comes from Canada. It’s already tariffed at 14.5 percent, and lumber prices in March were nearly 16 percent higher than they were a year earlier.
Mexico, meanwhile, is the main source of a material used in drywall, with 74 percent of the imported gypsum and lime in 2024 originating there. And ceiling fixtures and electronics often come from China.
“There isn’t a room in a newly constructed home that will not be affected by these tariffs,” Tobin said, noting that manufacturers have already increased their costs in anticipation.
The additional levies could drive up the cost of a new home by about $9,200, according to builders NAHB surveyed. A private survey conducted by Zelman & Associates in February found that builders expected home prices to increase by between 4 and 6 percent – a jump that works out to between $16,700 and $25,000 for a $419,000 home (the median home price in the fourth quarter of 2024).
Did Elon really quit Doge (or get fired), or was that an April Fools joke?
No idea, but Canada excluding Tesla from its EV tax rebate is a Chefs Kiss.
https://www.reuters.com/business/autos-transportation/canada-freezes-rebate-payments-tesla-bans-it-future-rebate-programs-due-tariffs-2025-03-25/
Must be due to all that fentanyl they can’t export anymore.
Everyone enjoying the show?
UPDATED THU, APR 3 2025
6:53 AM EDT
Trump’s tariffs incite fury in China and dismay in Europe
Dan Mangan
Kevin Breuninger
Jesse Pound
Christina Wilkie
Megan Cassella
Erin Doherty
Holly Ellyatt
This is CNBC’s live coverage of President Donald Trump’s announcement of new tariffs targeting dozens of U.S. trade partners.
S&P futures -3.3%
NASDAQ-100 -3.6%
Pre-market
NKE -8.8%
LULU -11.2%
GM -1.2%
TSLA -4.5%
NVDA -4.2%
AMZN -5.6%
Love that we tariffed an island nation with zero inhabitants, and a second island nation whose only residents are a US army base.
Did Grok come up with the list and nobody bother to fact check?
Is it a good time to buy stocks and real estate yet?
What’s the argument in favor of letting other countries charge higher tariffs than the U.S. does to them?
That we’re benevolent.
And the number they put in the tariff column isn’t the tariff at all, but the trade deficit divided by the imports. Setting the “reciprocal” tariff as half of the trade deficit divided by the imports makes zero sense at all, they aren’t even related concepts, let alone equivalent figures.
Which is why island nations whose residents are a US military base was shown as having a tariff, when it doesn’t in reality.
Boomers reporting to factories
Trump’s tariffs are the most expensive and masochistic the US has pursued in decades.
A very crude estimate of Trump’s tariffs puts the projected loss at $20 trillion dollars, or well over $200,000 per family of four.
– Lawrence H. Summers
Grim,
I saw that too. It proves Trump‘s lack of economic knowledge. But we all knew that already. Well, we all knew that but half the country isn’t willing to admit it.
Ten 407
“We are bewildered,” said Thitinan Pongsudhirak, a senior fellow of the Institute of Security and International Studies at Chulalongkorn University in Thailand, an American treaty ally.
“It’s worse now to be a U.S. ally than to be an adversary. As an adversary, at least you know what you’re getting,” Thitinan said. “To be an ally and then be treated like an adversary … that is not expected; it’s not nice.”
Australian Prime Minister Anthony Albanese, whose country got off relatively lightly with a 10 percent blanket duty, offered a similar sentiment. “The administration’s tariffs have no basis in logic, and they go against the basis of our two nations’ partnership. This is not the act of a friend,” Albanese said.
What time does the shooting start?
I’d like to be fashionably late to the party.
“If you wait by the river long enough, the bodies of your enemies will float by”
Trump touted these ICE arrests. Half were already in prison.
Hehe.
Look at what you made your President. An angry OrangeOldPussyGrabber.
Hehe.
You’re Fired.
The Apprentice.
Holy Fucc. It’s finally starting to sink in. You elected Biff from Back to the Future.
Hehe.
“You almost have to be an amateur psychologist on this. It’s like Trump is stuck in the ’80s. His music, his clothing, his thinking. He’s been on this tariffs thing forever and every economist — conservative or liberal — will tell you they just don’t work … I think the biggest myth perpetuated on this country is that Donald Trump understands anything about business.”
– Tim Walz
VSG, here is an update to your last post. Same author.
Never before has an hour of Presidential rhetoric cost so many people so much. Markets continue to move after my previous tweet. The best estimate of the loss from tariff policy is now is closer to $30 trillion or $300,000 per family of four.
9:35 PM · Apr 2, 2025
Boomer, you did this ^^^^^^^
UPDATED! at 8:13 AM EDT
THU, APR 3 2025
Dow futures tumble 1,200 points on fear Trump’s tariffs will spark trade war: Live
updates
Brian Evans
John Melloy
Pia Singh
Gets rid of century old law. Hope the women of the world like the shoes they have, they ain’t getting more without paying a hell of a lot more. Oh, and if you have a child, they better enjoy the toys they have.
Trump hates kids. And women.
Donald Trump signed an executive order as part of his ‘Liberation Day’ plans that charges a 30 percent tax on orders under $800 from foreign retailers — a move that could change the face of online shopping forever.
The president spent Wednesday unveiling his sweeping tariff plan, delivering a fiery speech accusing other nations of taking advantage of the US.
Now, a jittery Wall Street is bracing for chaos Thursday morning as US stock markets open for the first time since Trump unveiled the higher-than-expected tariffs.
Initially overshadowed by the broader tariff announcement, an executive order that closes what’s known as the ‘de minimis’ loophole, a century-old trade law that allows imports valued under $800 to enter the US duty-free — provided they are shipped directly to individual buyers.
Shutting down this exception could be the death knell for companies like Shein and Temu, which rely on direct shipments from China and Hong kong that allowed them to bypass US import fees with the loophole.
Under the new rules, imports valued at $800 or less will now face either a 30 percent duty or a $25 per-item fee, with that rate set to double to $50 per item after June 1..
The impact will be huge. US Customs and Border Protection processes over one billion de minimis shipments per year, with Shein and Temu alone accounting for nearly 600,000 packages daily.
More than 90 percent of all packages coming into the US now enter via de minimis —making this one of the biggest shakeups to online shopping in years.
You were all warned. I slept like a baby last night. Lots of MAGA supporters are going to be very hurt by this.
I’ve been watching the Vietnam War documentary on AppleTV+. Man was such a movie overdue. The parallel between the prewar zealots and MAGA are indistinguishable. Though nearly everyone in the world knew we were fighting a bullshit war that we could never win, a tremendous amount of our population wanted it to continue. There was nothing the anti-war movement could do to convince Nixon and the blind Patriot types to see this. MAGA is a stain on our world. You have to be an idiot to not see it by now. It’s only going to get worse as he loses grip.
Trade war it is..
Again trade has never really been fair trade and free trade hence the creation of the WTO. To anyone paying attention knows the WTO out of Brussels is a morass of bureaucracy and their designs for a multilateral trading system is neither fare trade or free trade.
It’s all filled with groups of trade alliances as well as large nations/unions like the US, EU, China and Brazil and other trade groups that all work to control market access, via bans, duties, fees, quotas and other means.
C-4 (cotton producers)
G-20
G-10
ASEAN
MERCOSUR
NAFTA
ACP
SELA
Cairns Group
FIPS
G-6
Quad
Their Trade dispute process is years long an many times unfair and unenforceable.
Trump is taking a chain saw to it and the bureaucracy…The WTO has now become irrelevant.
Is this a good thing? Short term obviously nope. Long term? It won’t last…The pain will be felt everywhere. Will it force real change for free trade and fair trade? I would say for some countries there will have to be political change first. Generally the trade groups hold vast political power in their home countries. Few are going to give up that power because the money and privileges it gives those that are in control. It’s always FU pay me for them…
Temu and China are going to be sending hundreds of High Flying Weather Balloons over America soon carrying packages with nothing in them
America will shoot those balloons down with it’s stealth jets and 1 million dollar missiles.
‘murica. With it’s superior fighting force. Time to go jerk off to another Top Gun or other war movie with Russia or China being the enemy. Americans are so stupid they have permanent DNA changes hating other countries from years and years of war movie propaganda.
Sunday is coming, go ask the Guy in the Sky to please send you some money. Those houses of worship are going to be hurting soon, passing the basket around six times cause the Lord ain’t gonna help them either, they need MONEY
Juice,
How many millions are you worth?
How big was the diamond the 7 year old clawed out of a mine for your wife with his bare hands?
Fair trade. Children have been working in factories so you can brag about how rich you are.
If Americans are suffering so much, how come they are now the size of a small minivan?
Ungrateful fuccs.
Juice.
It’s going to hurt us way more than it’s hurts them, hence the reason these unfair tariffs exist. If they didn’t, they wouldn’t exist in the first place. And to make matters much, much worse, the pain is going to be incredibly regressive. Get ready for the food kitchens and the ration books. Oh, and hoarding.
Again, Trump is correct in theory, but his execution is so bad, no good will come of it. Perhaps, this is why he was always such a business failure.
Realistically, Trump will be removing these tariffs on Friday claiming victory for America as he gets a few countries to lower their tariffs by materially insignificant amounts. But he will claim it will revive American manufacturing, which it won’t make an iota of difference to supporting. We lack cheap, skilled labor. Perhaps Trump’s insidious plan is to make us so poor, we will be able to compete with our third world compatriots?
Ten 403
I wonder what the VIX be at?
The most powerful country was America. Till it put an ORangeFacedMegalomaniacCombOver in charge.
When fucc’n Americans can’t buy shit, they got nuthin’ to do. Every woman in America is going to go berzerk when she tries to buy clothes this weekend. Men will be blamed for her inability to online shop anymore. But Grim should make out, especially if he makes some cheaper swill for the regular folks. Drinking, drug use, domestic violence, petty theft, smashed car windows, divorces due to job loss, it’s all coming your way America.
Oh, but it has a silver lining. There are plenty of venture capitalists just waiting to buy your house at half price when you can’t afford it or get divorced. The vultures are circling overhead, in typical American fashion, to take anything they can get their grubby fingers on.
I would say for some countries there will have to be political change first. Generally the trade groups hold vast political power in their home countries. Few are going to give up that power because the money and privileges it gives those that are in control. It’s always FU pay me for them…
Crude is down nearly 7%. Gas will be cheap. Too bad you won’t be able to afford to fix or buy a car.
You guys remember when I said the last election would be a choice between senile and crazy. And that you all better vote for senile, because crazy was much more dangerous?
Suck it! https://tenor.com/bbGPr.gif
Libturd says:
April 3, 2025 at 8:49 am
Crude is down nearly 7%. Gas will be cheap. Too bad you won’t be able to afford to fix or buy a car.
Lib you have enough money to afford to buy a new car every three years until you die.
The question is will your grandchildren be able to.
Lib,
How many more cars do you realitically need until you take your last breath?
I was reading a FoxBusiness article yesterday (I know I shouldn’t have gone there!), and MAGA is still blaming democrats. Go figure!
Rent,
After watching CNBC rip into Trump for an hour I switched over to Fox News to see their take on it. It was the Waters show (I am not familiar with this entertainer), and they first were discussing some kind of Biden coverup. They then moved onto the JFK assassination and then the Trump assassination attempt. The final theory being, clearly it was the CIA in Trump’s case, so it had to be the CIA in JFK’s. MAGA logic at work. I then put on another episode of the Vietnam documentary. I liked the 70s. It was so raw.
Naz futures down 4.5%.
Are we Great yet Gary, Smalls?
Boomer,
This is the legacy you left your children. Weren’t you lazy fat greedy azzes supposed to leave the world a better place than you got it? What about all that “free love” “MaryJane”, United we stand, divided we fall shit?
Boomer f’n loser. Greedy ol’ fuccs. Always about them and no one else. Like’s donating other’s money. Or profiting off someone else’s misery, then donating a building or wing to a hospital to look altruistic when what they are is parasitic.
Boomer, you did this, all of it. ^^^^^^^^
Is this what happens when we use chat gpt to set our tariffs ?
Librurd on a serious note why were the markets up positive on several days leading to todays meltdown? Seems like we all knew this was coming, were the markets trying to flush out some last minute moves? Trying to keep investors calm before the storm?
Rent,
It is their fault. They had a responsibility to put up a good candidate. Instead they served up a bowl of steaming hot turds with no seasoning.
Democraps didn’t vote, they ain’t eating that shite.
But the repukes, they loved their man. They would go all Jonestown for him. You know this is true.
The kids would have voted for Bernie. The boomers hated Bernie, they want everything for themselves. Greed is fuel that runs them. But the turd served up was even too much for them to stomach. So they didn’t vote. There wasn’t, and isn’t, no one in the Democrap party that they can agree on is someone who is actually good, cause at their core the Democrap leadership isn’t much better, they just gaslight and deflect better, but at the end, are the same type of criminals as the Repukes.
And now you have OrangeFaceCombOver.
Enjoy.
DJT has a 17 handle now. Trump’s former 9.2 billion of pure grift is now worth a little over 2 billion. Just like everything else the cult leader touches, he’s destroyed due to his arrogant execution where he always know better than the experts. Fake news. Yeah right.
Libturd says:
April 3, 2025 at 9:09 am
Naz futures down 4.5%.
Are we Great yet Gary, Smalls?
Well, if opening your bank statement, or getting cheap deals makes you bust a nut, than no.
Cause for many, that is the thing that turns them on more than anything else.
Walking,
No one, except for me, thought the tariffs would be this bad. It was also end of month beginning of month, where Wall Street is known to do what is called “window dressing.” In the short run, the market can often behave erratically. In the long run, it follows fundamentals. Patience rewards those who follow the fundamentals. Patience punishes the momentum traders.
Walking,
No one, except for me, thought the tariffs would be this large. It was also end of month beginning of month, where Wall Street is known to do what is called “window dressing.” In the short run, the market can often behave erratically. In the long run, it follows fundamentals. Patience rewards those who follow the fundamentals. Patience punishes the momentum traders.
DJT is wealthy. He is powerful. He can blow up another country with some breaths from his lips.
He can get you arrested if he feels like, and have you deported. He can make other countries cry and whimper.
He alone can start World War Three.
He is a God. There is no magical guy in the sky. Donald Trump is as close to being a God as one actually exists.
Now get down on your knees and say Sir Yes Sir to the Almighty Trump.
Your king has spoken.
Libturd says:
April 3, 2025 at 9:19 am
DJT has a 17 handle now. Trump’s former 9.2 billion of pure grift is now worth a little over 2 billion.
MAGA and Modi supporters in India have a lot in common. Although I think Modi supporters are smarter fools.
I was talking to my offshore team leads this morning. And they are arguing that the Tariffs are good for America. It is going to bring jobs and manufacturing to the US, etc – same talking points that MAGA bought here.
As we discuss here – the devil is in the details. Detailed planning and execution matters. Maybe America will pull this off. Americans just need to get with the idea of paying more for everything – and I don’t think we are ready yet.
My wife – was at Target last night, and said the store was empty. She said she had the best shopping experience in a long time. I asked her about prices and she said she didn’t check! lol. My wife and I are not big shoppers.. so maybe this is time for people like us to go shopping.
Phoenix, there is more to this world than money. But when you are living check to check, having a little more of it sure relieves stress.
Remember, I used to live in an illegal basement apartment in Clifton right next to an oil-burning furnace. Before that, I paid $50 a month to share a room in Lincoln Park. Nothing was more relieving than getting my first 100K saved. I think the second great break came when my investments were making me more than I earned through labor. Now I can retire without worry. A lot of people waste their time watching TikTok reels or taking on a hobby that keeps them happy. I plan to do so upon retirement. I currently spend an inordinate amount of my spare time studying investment strategies so I will have the time to do whatever the fuck I want when I retire. Those 10K electric mountain bikes look awfully cool.
It’s not ChatGPT.
It’s Lutnick….On CNBC he said “world of fairness”…..
He probably has several billion dollars offshore through various proxies and pass thru shell companies shorting all the markets. They are cleaning up right now…
I currently own three stocks with a total of 100K invested in all three. They opened down 8%, 8% and 6% respectively. Go MAGA!
Interesting, there are two stocks in the green from my investment club (two pharmas). And the insurance company Brown and Brown (at 125) that I sold my dad’s NVDA for when it was 135 and moved into BRO at 90 maybe 6 months ago. Figured it would be all red.
I’ll be watching AN like a hawk. Forget new cars for a while.
Listening to Bloomberg Surveillance, the last interview a british gentleman. The biggest question is was if Krasnov the OrangeTurd is the equivalent of UK Prime Minister Clement Atlee who sunset the British Empire.
His concern is based that Nixon officially ended Bretton Woods, but it has lived on unofficially. This might be the end of it. It’s a state of financial panic worldwide, like many before, but USD is dropping as traders are fleeing the USD opposite of what has happened in the past and the rush to US Treasuries is coming from US internal flows not from International demand. It’s logical that the best way for China and others to retaliate is to sell USD. His concern was if its the end of USD as the world reserve/trading currency.
Current headline on Daily Mail.
All of the young kids I work with should be so happy to read this and look at their statements.
I guess since they aren’t living in an illegal basement in Clifton next to a furnace they ain’t suffering enough. Maybe they don’t want to get raped.
Terrifying graph says it all as Wall Street reacts to Trump’s tariffs… wiping trillions off of 401(K)s in minutes
Heck I can’t believe how much I lost today and I’m barely in it. The breadth of this is incredible.
THIS is MAGA!
Damn, this guy was a Green Beret. Taken out by a 5f 4inch blonde.
I thought these guys could protect themselves. Guess not.
On January 27 – months into their love affair and just hours after meeting with a divorce attorney – Bonnell vanished without a trace.
Four weeks later, his headless torso was found floating in a pond three miles from his home.
And the murder suspect is Bonnell’s wife Shana Cloud, 50.
According to investigators, the licensed nurse shot her 50-year-old husband multiple times, then chopped up his body and threw his dismembered remains in the water.
Only his torso has been found. The whereabouts of the rest of his body – including his head – is currently unknown.
It’s kind of cute to see MAGA all singing “the sun will come out … tomorrow” in unison though.
The sun’ll come out tomorrowwwwww
Oh, you gotta hang on ’til tomorrow, come what may
Tomorrowwwwwww, tomorrowwwwwww, I love you, tomorrowwwwww
You’re always a day away
Juice, I usually don’t agree with you, but yes on your 9:30 comment.
Lutnik and his buddies are cleaning up. He has engineered all of this. You could tell from the excitement in his face in the interview with Chamat and David. A trillion for him and a trillion for Musk as he put it.
Take a breath. Try some yoga. Hot bath perhaps. It’s okay. It’s only money. No need to panic, you can always make more. You still have your house, children, job, and plenty of cold hard cash.
It’s not like someone wiped out your future.
It’s not like you are out at the dumpster eating someone’s elses leftover ramen.
It’s not like you are going to be homeless living in your beat up Altima.
It’s okay. You are going to be fine. It’s not like you have to stop at FastEddie’s place for some ChexMix hoping you get there before it’s all gone.
There are plenty worse off than you. Even worse than sleeping next to an oil burner.
Maybe you can take in some poor lad and let him sleep next to your furnace.
Libturd says:
April 3, 2025 at 9:48 am
Heck I can’t believe how much I lost today and I’m barely in it. The breadth of this is incredible.
THIS is MAGA!
If this has hammered the poor wealthy in this country so much that they are crying, what do you think this is going to do to the middle class and the poor?
Ahhh,
Fuck them. It’s all about Meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
I’ll have to by Firestone instead of Michelin.
Nahh, no you won’t. But you might. To save a dollar. Or maybe you will splurge.
Cause you can if you want. Y’all ain’t broke.
Not yet…
I’m glad my kids college funds are in cash.
UPDATED!
THU, APR 3 2025 10:07 AM EDT
Dow craters 1,300 points, S&P 500 heads for worst drop
Boomer you did this ^^^^^^^
‘muricans,
Pull yourself up by your bootstraps.
When I was a kid I walked to school in 8 feet of snow with two tons of books in my backpack.
My daddy beat me until I made dinner, cleaned the house, and built him a barn.
My boss had me working three hundred hours a day in a 900 degree sweatshop for a buck fifty.
You kiddies don’t know what work is. You think I got this 5000 square foot house and Chevy Tahoe by sittin’ on my azz?
Now get to work you goldbricker, my pension needs to be paid, and my Medicare, Social Security, and tax money my government likes to send to foreign countries needs to be paid.
Now get out of here, it’s time for my Cardizem and a nice nap watching Fox News.
Boomer ^^^^^^
Hold my beer says:
April 3, 2025 at 10:07 am
I’m glad my kids college funds are in cash.
You might want to convert them to Renminbi
$NKE is down 12% today
Destruction of America’s best
Okkkkay Phoenix….take a breath
Phoenix
Not hawk tua coin?
My biotechs are up …. Mwaaaahaaaaa
Peter Hegseth said America is going to need a war to get out of the depression Trump has put it in.
He has a plan he made with Tulsi.
Please download Signal to get your instructions and where to report for duty. It’s not classified. It’s all good.
Over and out.
Is your kid going to Chicago U to become a cobbler? Is that the plan?
Very Stable Genius says:
April 3, 2025 at 10:17 am
$NKE is down 12% today
Destruction of America’s best
California Closet just woke up.
California Closet will be the new Trump bedroom.
Hey,
A cobbler is a respectable trade. So is a tailor.
Tzeitel married Motel. Tevye was cool with it.
Whom would if hurt if I were a rich man?
Tevye said it first, now it’s Lutnick’s turn.
Tradition!!!
Oofah. Indexes worsening. Nas approaching 5%.
Biotech!
VSG – Vietnam, China, and Indonesia are taking the hit here as
there are no Nike shoes made anywhere on this side of the globe. Your pudgy sausages for fingers cannot sew or assemble fast enough.
Tevye was a cool dude.
Stronger than fucc. 5 daughters and a wife.
Still managed to sing and be happy.
Newsmax is down to 43.
American’s couldn’t make Nikes because more would be stolen than packaged.
Microsoft pulling out AI datacenter plans from all over the world
https://www.msn.com/en-us/money/other/microsoft-pulls-back-on-data-centers-from-chicago-to-jakarta/ar-AA1CdljN
10:30 Tevye would have curb smashed your face Phoenix
You can do better, easily. I’d take a Yujin or Leeso coin any day over that mid grade Midwestern classless dicc spit lubricator.
Women in this country used to have class. Now they are all half naked, untalented, loudmouth Karens that like to bully fast food workers.
All of the entertainers here are have nip slips, or “wardrobe malfunctions” or are just plain gross where they pee on patrons or spread their legs wide open like Sabrina Carpenter just did at her last performance.
Hold my beer says:
April 3, 2025 at 10:18 am
Phoenix
Not hawk tua coin?
NorCal says:
April 3, 2025 at 10:34 am
10:30 Tevye would have curb smashed your face Phoenix
Stop projecting, and start producing some dog videos. Woof Woof.
Currrrrrb smassssssh … bbbbbbooooooooom
Microsoft was doing that anyway pulling back on capex. They are trying to force everyone to buy a Microsoft CoPilot license at $30 per user per month. FYI out of the box Microsoft Office license is $33 per month for an E3 license. They are trying to jam everyone now in renewals.
BTW you can easily proxy all inference to Chat GPT or other AI through a proxy and share one account. Nobody really needs a better search of Microsoft office docs via Copilot. Most data older than a few months is usually garbage anyway.
Reality is feeling the effect of the imaginary world of a large chunk of the population that have become power brokers, as the old world of power brokers whittle away. The problem is the new power brokers are corrupt and power hungry deep in their soul so they can’t visualize a new benevolent reality.
Ok, so you got tariffs and you want to go back to 1970 and “Turn the Machines back on” Mortimer Duke yelled in Trading Places. So where is an honest, results driven with goal of re-industrialization equivalent to Japan’s Ministry of Industry and Trade that is going to bully the big money boys (GS,JPM, blackrock, Vanguard, State Street, KKR, etc) to invest and finance in selected industries and company and carry year long financial losses to rebuild that world?
Or in the other hand after doing lots of Ketamines. You came up with the great idea of having a tech driven leisure society with Medicare for All and Universal Basic Income.
Or the power brokers are so intellectually deficient and mentally off balance that they don’t know what they want but their combined mommy/daddy issues will bring their decision making to admire a gigantic NYC bs nepo baby known as Krasnov theOrangeTurd.
I’ll just keep using DeepSeek
It’s free and I’m a cheapskate.
Not buying any more of that Microsoft crap. M series Apple is much better, more efficient.
Can leave it on all day it doesn’t waste any energy.
The funny thing is that there are more self-imagined “diamond hands” in US stocks than ever. Because stocks always went up in the long run, they decided to forget the past periods of being underwater 10 to 15 years. Fine if you’re 30 now and still investing into a decline, not so good if you’re 65 years old and planning to spend 5% annually of your 130% weight to the S&P. We will see.
F’n CoPilot shit keeps reinstalling itself on Windows machines. Then phones home to daddy ever 5 minutes.
Bill Gates is one nasty fucc. Stole DOS, ruined countless hours of work with Blue screens of death, left gaping holes in the security of his platform. Then takes money that could have been used to fix his garbage software and pretends to be a philanthropist.
I hope I live long enough to read his name in an Obituary.
Nas approaching a -6% day.
Democrap party:
Aides to Joe Biden are revealing their concerns about how he was ‘out’ of it and the lengths they had to go to in order to keep him looking presidential during his final years in the White House. Biden needed florescent tape fixed to the carpet to show him where to walk at events. That way the 81-year-old would know where to go without having to have an aide guide him. And one top aide said then-president was so out of it during preparation for his now infamous debate with Donald Trump that he thought he was ‘president of NATO.’
Left the house at 07:30 this morning to get a haircut. German TV last night and radio this morning were covering the US tariffs. The economy here has been going downhill starting with the pandemic and then killed by the energy spikes due to the war in the Ukraine and then the Nord Stream Pipeline being taken out. Lots of anxiety here now about the future of the auto industry. 2025 wasn’t starting out good anyway but the public mood has turned very sour.
There were tornado sirens going off from about 3:30AM until the morning. Coworkers were sitting in basements. I swear there was a tornado warning siren pointed at my hotel room Havana style.
In hindsight, buying VIX between $13-15 was such a low risk play, there was no way the vix would stay low with trump doing trump.
Just turned green to red on my account -.03% so flat on the day. Carvana losing 20% hedged everything.
What’s Trump’s favorite part of a book? CHAPTER 11!
Hehe
Can’t take credit for this one, but it’s a hoot.
Oh, is the 24hrs up on that Russia/Ukraine war yet?
How is the Green T-Shirt holding up these days?
Texas had multiple earthquakes today.
Is it finally the Rapture?
I’m not religious so wondering from the religious ones should I be stocking up with water and canned goods?
Negative consumer confidence, kills consumer spending, kills government revenues. Trump plans to cut corporate taxes on top of this growing the deficit tremendously.
This is MAGA.
BRT,
Carvana cheats on their books. AutoNation is clean and really overperforming and now bought a loan company. Looks great. Waiting for my entry.
Non-farm payrolls tomorrow.
Wow, I didn’t think trump was this crazy….boy, was I wrong.
I feel bad for anyone retiring now, or anyone who has a child that will soon be going to college. They are completely f’ed. What a disaster. I hope this doesn’t turn into a depression….negative growth is like a train, once it gets going, it is hard to stop. Things were fine, all this fear mongering over debts, and for what? Now instead of living calm lives with stability, we blew it all up in the name of debt. F’ing disgusting.
Lib, this has been obvious for years. Got to play them all the way down last round and somehow they magically “fix” everything to 50x their stock. It’s a gift that keeps on giving.
There used to be a guy on twitter who compiled a great portfolio of stocks he nicknamed the “FASP”, the Fallen Angel Sh1t Pile that you long for ridiculous gains and short with a simple thesis that they would all crash to hell and buyers would always return to pump it up even higher. Long on major horizontal supports and short when they break uptrends.
NVDA, AMD, TSLA, SHOP, MDB, CVNA, TTD, SQ, ROKU, TWLO, Wayfair etc….
If you check them today, there’s a whole collection of 10 to 20% bangers on the downside.
This is the FAFO portion of our show.
Chad: I was recently in Europe, actually 3 times this last year, and the mood from my recent trip was one of anxiety, and a sense of going backwards. Economy not great overall in much of Europe, and a real tilt towards the left or the right, with the right seeming to have the upper hand. Not a lot of young people getting married, and forget about having kids. Although, Croatia, and Slovenia the young people seem to be getting married and or at least having kids.
My entire life these republicans cried about debt and demand austerity…..for what? Who the f/k cares about govt debt…seriously. Just make sure the system keeps going…that’s all we f/ing care about. Going backwards by cutting back is not a f/ing option. Just provide liquidity so people can continue to spend and keep the economy growing. F’k the debt. It’s pure noise….imaginary numbers that can easily be made whole.
I ask who owns this debt? No one knows. I always ask this, but never ever get a real answer. As I see it, debt fearmongering is nothing more than a tool of control. Use it to create fear and then use this fear as a system of control.
Throw some big number out there like 36 trillion, but in the end, who the f/k is owed to? They have no idea. Will tell you social security….or bonds….or whatever bs they want to tell us. It’s all bs.
BRT,
I’m sure there’s gold in those hills, much like there was a lot of money to be made in options, which I avoid like the plague as well. What I am doing had worked for me quite well and I’m fairly risk averse. It’s like Crypto and gold. I know both occasionally have their day. But a lot are wiped out by them. My method, though I’m sure I am leaving a little money on the table, would make Buffet and Graham proud. I only have about ten more years before I have to lock my wealth down anyway.
The worst part about this genius calculation of Tariffs is that it is DESIGNED to affect the biggest partners in trade. I mean, even an enemy couldn’t come up with a better plan to hurt America… or maybe it could!
Tariffs on Russia – 0%
3b, where art thou?
And where is Eddie/Gary/Fast, and where is Smalls? How are we going to be “fair and balanced” without them?
Pumps,
I think debt matters to some extent. I watched debt service almost destroy Montclair. It eventually does the same thing to national governments. Though, what Trump has done is both complete genius, but was handled absolutely atrociously.
Dude makes up a story about how the other party ruined the country, meanwhile, it was Covid that was responsible for what few problems we had. The economy was firing on all cylinders, and though debt was increasing, it was moving at the same pace it always has. A few cuts in defense spending or reigning in some benefits could have slowed it down. Yet Trump generates this fentanyl/immigration/inflation issue which are mostly unrelated and and talks a great game blaming everything on the Dems and immigrants and lies his way back into the oval office only to make the same mistakes he made the first time around but this time dismantles our democracy at the same time because 7 billion in Meme Coin and DJT SPAC money isn’t enough. For him, the only pussies he grabbed were those of the dumb politicians and supporters who believed him. Worst of all, Trump is going to somehow shrink the size of government and increase it at a quicker pace than Biden did spending it on infrastructure.
Again, Trump has the right ideas. He just never knows when to stop. Same with the Casinos. Same with his real estate empire.
Trump doesn’t have the “right ideas”. He’s a known imbecile.
Lib,
Who is the debt owed to? That’s all I ask. No one knows. No one has ever been able to give me a straight answer because there is none. It’s the wizard of oz my friend. Local debt, like montclair, is not the same as Federal debt. Montclair is like household debt, but Federal debt is not like any other debt…and you know why.
That debt gives conservative politicians their power. Their supporters don’t understand the difference between household debt and federal debt…and they eat it up every single time a politician comes in yelling about debt being the end of the world. It’s in these conservatives blood to hate debt, and the politicans use it to put fear in them and gain their support.
It’s all bs. It’s all about control and power.
Conservative politician doesn’t like a program that helps a democrat gain power….what do they do? That’s right, they use debt to take out that program….you are witnessing it with Trump as we speak. Honestly, seems like MAGA is more about hurting democrats than making america great again.
Rent: Why do you care where I am? I don’t read or comment on your posts.
Don’t be such a conspiracist Pumps.
Our debt exists and is owned by more establishments than I care to list. You can google it. Rest assured, if we did not spend so much on our defense, the willingness of all of these entities to invest in our safe, stable, reserve dollar backed treasuries would not exist. So as we get larger, continue to earmark a ton of revenues to our military and grew our GDP, we could issue more and more treasuries for entities to invest in. Lately, it’s been more and more foreigners and other countries seeking stability for their wealth. Not so sure this will continue after today. Hence, the lower yields. But I honestly think Trump has no clue as to how any of this works. Heck, I don’t think he knew how our government worked at all prior to his first term. Now we get to sit back and watch it all unfold when the C students are running the show.
Or you, could just overdose on Salvadorian prison videos, JFK assassination info and watch Boebert continue to make AOC look like Einstein.
Just to piggyback off what I am saying….
Trump came into this term with a strong economy that was equivalent to the roaring 20s 2.0. Since he ran his election on fear, he had to fix a “roaring economy” with 4% unemployment, strong markets, strong growth, and amazing stability. In a blink of an eye, he blew it all up on the fear of debt and trade imbalances. Holy f/k, is this real? Am I living in the twighlight zone?
This is beyond crazy….all for what? America was already the strongest economy in the world by a mile…it was already the richest country in the world by a mile….it was already the most envious economy on the planet. Its stock market was beating the chit out of the rest of the world. Please explain to me why he just destroyed this all based on the promise that he is making us rich? \
Instead of making a chit load of money, I am not scared that a depression is coming. Cool story…
“Honestly, seems like MAGA is more about hurting democrats than making america great again.”
That’s the show. MAGA centralized their power through this. First they made tons of lies about them. Now they have a mandate to follow through on their lies.
Not to say there isn’t anything wrong with the Dems. There’s plenty.
Lib,
I am neither Dem or Repub….Their game sucks.
As for the debt, again, who is it owed to? No one knows. It’s meaningless (to a point). The economy actually thrives on debt….if you paid it all off, it would crash the economy. Destroy demand. It’s all bs, esp when the fed controls the liquidity in the system. They can expand or tighten. It’s a nothing burger. How all the debt fear in the 80s work out? How about in the 90s? How about 2010? They were all wrong….the economy went on one of its strongest growth runs from 2010-2024….and that was with a pandemic triggered supply crisis that let to inflation. It’s all bs.
Tangle’s centrist take: (Thursday is free)
My take.
Reminder: “My take” is a section where I give myself space to share my own personal opinion. If you have feedback, criticism or compliments, don’t unsubscribe. Write in by replying to this email, or leave a comment.
We’ve never seen anything like this in modern times, so I don’t know what happens next.
I know that there are good reasons to criticize the existing global order, but I have a lot of questions about why Trump chose this approach.
The biggest questions now are what the political and economic impacts are going to be.
Let me start with a bit of radical honesty: I have no idea what’s going to happen now. I’m not an economic journalist, an economist, a trade expert, nor a tariff expert, and our modern globalized world has never experienced any major power trying anything like this. So I just don’t know what is going to happen, and despite the confident predictions you may hear from some corners, I don’t think anyone does.
Most of the economists I trust and follow (regardless of their political orientation) are absolutely, 100% sure that President Trump is in the process of making a massive, term-defining mistake. They are predicting rampant inflation, a recession, and an era of economic disruption that is entirely of his making. They similarly predict that this tariff strategy will isolate us from our most important trading partners and push them into China’s sphere of influence, an outcome that would be antithetical to one of Trump’s core goals.
But I’ve heard some pretty compelling arguments in the opposite direction from some serious economists like Oren Cass or Stephen Miran. I recently listened to Bob Lighthizer, the former U.S. Trade Representative during Trump’s first term, get interviewed on Tucker Carlson’s podcast. Lighthizer made a number of strong points about the success of tariffs in Trump’s first term (despite mainstream skepticism) and the fact that Biden maintained many of those tariffs when he came into office. Perhaps most compellingly, Lighthizer starts by focusing on where decades of the trade practices Trump is targeting have gotten us.
He asks listeners to look at our hollowed-out working-class towns, at our shrinking middle class, at what life is like for the two thirds of our workers without college degrees, then ask themselves if our modern system of global trade is really working. I think starting from a position of challenging the status quo is essential and smart, and I’m open to the idea that our trade policies, founded on an obsession with growth and cheap goods, are hurting us.
If Trump’s goal is to reduce the barriers on American exports other countries have erected, he may well get a few wins. Israel, for instance, already agreed to lift all duties on U.S. imports in an effort to be exempted from new tariffs. Trump can already point to Apple, Johnson & Johnson, Eli Lilly, and Hyundai as major companies who have been talking about expanding their manufacturing operations in the United States. Yes, Trump’s belief that trade deficits represent us being taken advantage of is totally wrong, but it doesn’t make those potential gains any less real.
Another benchmark the administration could be hoping to achieve is to lower the yield on the 10-year Treasury note (T-note). That yield is the annualized return investors earn by holding a U.S. T-note with a 10-year maturity; if it is coming down, it is a sign investors are seeking safety from uncertain economic conditions. Treasury Secretary Scott Bessent believes a lower yield will force the Federal Reserve to cut rates, which the administration wants. After the tariff announcements, the ten-year T-note yield fell — potentially the exact indicator Bessent was looking for.
Even if those goals amass into coherence, with no articulation of the administration’s long-term strategy on file, supporters are left offering haphazard, conflicting explanations. As The Atlantic’s Derek Thompson noted, some people in Trump’s orbit say the goal is to raise trillions in revenue and then ultimately get rid of income taxes. But other supporters have said the goal is to force other countries to remove their tariffs, creating an era of genuinely free trade. Some point to the administration’s initial justification of national security, or increasing American manufacturing, or creating leverage over Mexico or Canada or Europe or China — or all of them all at once. For some people it’s all about fentanyl and the imports of Chinese goods. Again: With so many explanations, it’s impossible to nail down the intended objective or what success looks like.
I’m not trying to be critical for the sake of being critical; the entire situation genuinely raises a laundry list of questions about the administration’s plan. If the point is to force other countries into reciprocity and fair trade, then why did Trump move forward with a large tariff increase on Israel after it removed all its tariffs on us? If it’s to impose reciprocal tariffs, why is the Trump administration using a custom formula to levy these tariffs based on trade balances rather than tariff rates?
So, what is the endgame here? Many of these countries will have to rewrite their industrial policies before reworking their tariffs or trying to give the U.S. what it wants, which I think is a balanced trade deficit with individual countries but might just be equal tariff rates. How should small developing countries react? Some of the territories on the tariff list don’t even have inhabitants. It could take a country like Cambodia years to prepare before reducing its tariffs on the U.S. without cratering its own economy. Lesotho, an African country with a GDP smaller than that of most U.S. territories, just got hit with a 50% tariff rate because it’s a part of the South African Customs Union (SACU). How does Lesotho work its way out of these tariffs without South Africa? And why did South Africa get a lower tariff rate than Lesotho when both tax us equally?
Our treatment of Indonesia is another head scratcher. Indonesia has a high tax on coffee imports because it is a major exporter of coffee. Trump has slapped a 32% tax on coffee imports from Indonesia, even though the United States exports zero coffee to Indonesia. Where’s the reciprocity there?
We’ve levied massive tariffs on Cambodia and Vietnam now, too — potentially because a lot of countries have moved their operations out of China and into Cambodia or Vietnam to avoid the China-U.S. trade war that’s been ongoing for several years now. So what happens to those companies now? We import 98% of the clothing sold in the U.S. — primarily from Southeast Asia. Are we supposed to divert hundreds of thousands of Americans from higher-paying jobs to manufacture clothing, stand up those manufacturing plants, and start producing our own clothes? How does that help us?
How does this help us confront China? If they are a more open trading partner than we are, won’t we lose trading partners — and therefore political power — to them? What’s the plan there?
What is the explanation for the exceptions? Oil imports have been exempted from Trump’s tariffs, as have semiconductors (something we actually need to be re-shoring the production of). What are the administration’s explanations for making these exemptions if the impacts of the tariffs are supposed to be so uniformly strong? We don’t know, and they don’t say.
There are plenty of political questions, too. First, why didn’t Trump’s first-term dealmaking work out? Let’s not forget that we are mostly living in Trump’s trade world — the one he created in his first term by abandoning the Trans-Pacific Partnership, signing new trade deals, and levying new tariffs — most of which Biden did not change in any meaningful way. He called those deals the greatest in history; now he’s trumpeting broad tariffs by arguing they are all terrible deals.
Then there’s the question of how he’ll sell this to the country. The initial economic analysis on these tariffs is, well, not great. The Budget Lab predicts an average loss of $3,800 in purchasing power (in 2024 dollars) per household in 2025. JPMorgan’s chief economist said the impact of the tariffs could bring the economy “perilously close to slipping into a recession” this year. The S&P futures tanked, losing $1.3 trillion of market cap in four minutes. Trump is following through on his campaign promises with these tariffs, which provides some political cover. But he’s also been beating the drum of “short-term” pain for long-term gain.
How short? Six months? A year? His entire term? We don’t know and he doesn’t say — but his administration will be kneecapped in 2026 if the plan is to let Americans’ stock portfolios and retirement plans crater while he promises a golden age of manufacturing sometime in the undefined future.
Some people on the left, like Sen. Chris Murphy (D-CT), have insisted that the tariffs are not an economic policy but a “tool to collapse our democracy.” Murphy claims what Trump really wants is a means to compel loyalty from every business leader and industry — to solicit donations, public support, and fealty in exchange for sanctions relief. I don’t doubt that Trump relishes the power or influence these tariffs may afford him, but I think Murphy is wrong.
For starters, I don’t think this plan is going to draw industry leaders to the president for favor. I think it is going to draw their ire, and probably cost Trump some support. More to the point, I think Trump’s fundamental belief that the United States is getting ripped off by globalism is much like his view on immigration: It is one of the few genuine ideological perspectives that he is rigid and consistent on. He’s had it since long before he was in office, and tariffs have always been a key part of the resolution in his mind. With only one term left, he seems to earnestly believe he can pursue them without facing real political consequences — and without inflicting too much economic damage on the American people.
It may well be six months or a year or several years until we get an answer, but we’re going to find out how true all of that really is.
3b 12:05, that is one way to plead “the 5th” for all your stupid pro-maga comments in the past
Bezos still wants to be Elon. Amazon makes a bid for TikTok…
Facebook can’t be sitting this one out. Just the other day Zuck said he screwed up, strategic missteps as TickTok is the platform of choice for Gen Z and younger millenials..
Phoenix
Since everything is about to go up in price
Here’s another cheap instant pot recipe for you.
https://youtu.be/9S2goVZFFG4?si=-F5IqA7hOr4h6O0l
It’s the best homemade recipe for chicken congee I’ve tried. I’ve made this one a few times.
UPDATED
THU, APR 3 2025 12:41 PM EDT
Trump tariff fallout begins as layoffs, price hikes and retaliation tank markets: Live updates
Dan Mangan
Kevin Breuninger
Christina Wilkie
Michele Luhn
This is CNBC’s live coverage of how U.S. trade partners, industries and employers are responding to President Donald Trump’s new tariffs.
What happens is foreign countries stop buying US debt in response to the tariffs?
Did anyone else go buy things before the tariffs hit?
We bought a car last month and I bought a few
Pairs of boots last night.
Meanwhile after blowing 32 billion on a so so cybersecurity tool. Alphabet/Google/ Youtube announces new video editing feature “Shorts” just incase there is a TikTok ban and there is a mad rush to replatform.
https://www.cnbc.com/2025/04/03/youtube-announces-shorts-editing-features-amid-potential-tiktok-ban.html
12:33,
That’s a looong way to say Russia wanted it this way.
re: “Did anyone else go buy things before the tariffs hit?”
I bought some eggs…
Lots of people I know bought cars.
Where Things Stand
Security officials fired:
President Trump fired at least three senior National Security Council officials at the urging of the far-right conspiracy theorist Laura Loomer, according to a U.S. official with direct knowledge of the matter. The dismissals came a day after she met him in the Oval Office with a list of administration personnel she deemed disloyal to him. More firings were possible.
Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market
PUBLISHED THU, APR 3 202512:45 PM EDT
Libturd says:
April 3, 2025 at 8:28 am
You were all warned. I slept like a baby last night. Lots of MAGA supporters are going to be very hurt by this.
https://m.youtube.com/watch?v=G8tIBYitHPc&pp=ygUYaSB3YXMgaHVydCBhdCB3b3JrIHRvZGF5
12:56 cars were already far too expensive prior to this latest salvo.
Zuck wants to be Bezos. Did you see the photo of him staring at Sanchez’ cleavage at the inauguration?
Juice Box says:
April 3, 2025 at 12:43 pm
Bezos still wants to be Elon. Amazon makes a bid for TikTok…
Facebook can’t be sitting this one out. Just the other day Zuck said he screwed up, strategic missteps as TickTok is the platform of choice for Gen Z and younger millenials..
He asks listeners to look at our hollowed-out working-class towns, at our shrinking middle class, at what life is like for the two thirds of our workers without college degrees, then ask themselves if our modern system of global trade is really working.
They sound great on my new Stax The SR-X9000. The diaphragm is made of ultra-thin engineering film that is 20% larger than the previous flagship SR-009S. The diaphragm mass has been reduced to create a lightning-fast reaction speed and high-frequency response range that elevates headphone listening to a whole new level.
The childrens cries come through so clear on these. Absoultely amazing. The sound of counting money is also a joy to listen through with this model.
It’s a bit too tinny with the sound of my car window breaking and my new Mayback sun glasses being stolen, but the laughs from the thieves and the sound of the stolen car they used comes through loud and clear, with the bass from the exhaust going to a new level.
Have not yet experienced the sounds of gunshots through them, I think live will be better along with the accompanying screams.
NorCal says:
April 3, 2025 at 1:00 pm
12:56 cars were already far too expensive prior to this latest salvo.
cheapcheapcheap. skate.
Dear Google,
Privacy is normal.
Brave Browser said so.
HMB
Never heard of that. I will give it a try.
Can switch up with oatmeal for breakfast it looks like.
I can trace every bad financial move I have made to a car purchase.
1:05 Gross. Those bolt-ons and that joker face are vomit inducing.
So in summary, what’s the argument? Orange man bad? MAGA dumb?
D-FENS says:
April 3, 2025 at 7:17 am
What’s the argument in favor of letting other countries charge higher tariffs than the U.S. does to them?
During his Rose Garden address Wednesday announcing sweeping new global tariffs aimed at reducing America’s reliance on imports, President Trump took a couple rhetorical detours to praise his administration’s recent work on bringing down the price of eggs.
“They were going through the sky, the egg prices. They were going through the sky, and you did a fantastic job,” he told Secretary of Agriculture Brooke Rollins, who was sitting in the audience.
Coming in the middle of a speech about trade protectionism, it was a somewhat ironic aside: Much of Rollins’ effort has, in fact, involved importing less expensive eggs from countries now facing higher tariffs in order to ease the domestic supply crunch that sent grocery store prices soaring.
Just back from a work event in Tampa seems like another planet down there on the gulf. Everyone in the downtown area goes for a jog before work and then later at night…Thousands of joggers streaming by my hotel early morning until late at night. Up for a middle of the week 5k run in 90 degrees? Sure thing just let me take my shirt off and go for it.. I was tired from just watching them, lots and lots of superfit young people…
Hold,
-Since January upgraded Apple tech as I figured unless they build in the USA, Apple will have to eat into their profit to keep prices down or charge higher. For family 2 printers, 3 M4 MacAir, 1 Mini Mac, 1 iPhone plus spent a few grand in a great old beater Tahoe to keep it going hopefully ~2yrs.
-What happens when foreigners buy our debt? Interest rate rise because their value drops. Fed Reserve can only control overnight rate by buying/selling short term treasuries and along with the Treasury can have some effect on longer term rates by timing size and term legth of new debt – aka Qualitative Easing/Tightning.
Pumps,
US Govt debt paper because is so trusted allows exponential financialization of economic transactions. As an example, in my Interactive Brokers brokerage account I have the ETF GSIE. My broker lends it out, they make money by charging interest on the lending and is shared with me and it shows that the collateral the borrower counterparty put up was US Govt Debt due 11/35. So if no US Govt debt to offer as collateral that investor could not get shares to sell short.
Libturd,
It could be, be OrangeTurd is such a dumbass to execute it. But it was the playbook of Spanish Fascist Dictator Francisco Franco which forced autotarky in Spain with the government at the center as traffic controller to his supporters. Economic and political restrictions made a post WW2 Spain poor forcing mass emigration. If it starts happening herem lok for an Emigration problem, not an Immigration issue.
(Some people on the left, like Sen. Chris Murphy (D-CT), have insisted that the tariffs are not an economic policy but a “tool to collapse our democracy.” Murphy claims what Trump really wants is a means to compel loyalty from every business leader and industry — to solicit donations, public support, and fealty in exchange for sanctions relief. I don’t doubt that Trump relishes the power or influence these tariffs may afford him, but I think Murphy is wrong. )
Or they have nothing left to lose?
Libturd says:
April 3, 2025 at 8:28 am
You were all warned. I slept like a baby last night. Lots of MAGA supporters are going to be very hurt by this.
Just saw this. Was thinking the same thing at the same time. Can you imagine the amount of insider trading that took place across the last 48 hours? Especially into the rally yesterday? The other thing is the pure fearlessness of the connected people, because they know that there’s no way they will be pursued or prosecuted
Juice Box says:
April 3, 2025 at 9:30 am
It’s not ChatGPT.
It’s Lutnick….On CNBC he said “world of fairness”…..
He probably has several billion dollars offshore through various proxies and pass thru shell companies shorting all the markets. They are cleaning up right now…
Speaking of Oakland…..Lib….Food & Wine released its annual Global Tastemakers Awards on Wednesday, where it highlighted a selection of the country’s best restaurants in addition to the best U.S. cities for food and drink. Burdell, which was added to the coveted Michelin Guide last summer, claimed No. 1 in the magazine’s ranking for the top 15 U.S. restaurants as well as the No. 1 spot for the best overall U.S. winners.
Phoenix
You can also use chicken stock instead of water. Gives it even more flavor.
It traditionally gets toppings too. Like pork floss, pickled vegetables, fried egg. Or kimchi.
This is a traditional soy sauce egg used for congee, soups, and a side dish with a lot of meals.
https://youtu.be/IqSmgXM8E1I?si=gmuCBCVEVOkaQWbM
Asians also eat chicken congee when they’re sick. It’s like their version of chicken noodle soup.
Now economists know how scientists felt when he said “inject bleach”
Fox News removed the DOW ticker. 🤣🤣
Government was ‘injecting’ Trillions into the economy and it did not benefit the average American. That’s being annihilated. There will be pain.
Very Stable Genius says:
April 3, 2025 at 1:27 pm
Now economists know how scientists felt when he said “inject bleach”
Out of everyone, Lutnick, Kushner and everyone connected are making so much money right now that it makes Crackhead Hunter look quaint by comparison. The corruption is a thick ooze. I would even put out there that they purposely made the tariffs above and beyond anyone’s expectations just to increase the payoff. This is a historic day. The ultimate Trump corruption day.
No rules, and no enforcement. Stunning.
It’ll be interesting to witness the fallout from all of this nonsense and to watch this complete tool try and run for a third term even as he torpedos his “second term” in these early days. I hope he loses the House and Senate in two years. That’ll be a big wake-up call for MAGA and the end of this circus.
I think Trump’s ultimate bar is to accumulate more than Vladimir.
Nor Cal: Diversion. Ignore
Free Luigi
Chicago says:
April 3, 2025 at 1:23 pm
Just saw this. Was thinking the same thing at the same time. Can you imagine the amount of insider trading that took place across the last 48 hours? Especially into the rally yesterday? The other thing is the pure fearlessness of the connected people, because they know that there’s no way they will be pursued or prosecuted
Juice Box says:
April 3, 2025 at 9:30 am
It’s not ChatGPT.
It’s Lutnick….On CNBC he said “world of fairness”…..
He probably has several billion dollars offshore through various proxies and pass thru shell companies shorting all the markets. They are cleaning up right now…
I am a big second hand buyer, and hoping the tariffs will have (relatively) minimal effect on my durable goods purchases. There’s an art to finding these items and framing ones bid to make it reasonable to the seller.
In the 90’s people would fly from America to Europe with suitcases full of coveted goods. Now looks like the tide will turn the other way.
My neighbor had her car stolen from her this way. Lost a car worth 8 k for 2k. Storage fees on a 300 dollar bill. They talked her into giving it to them.
If she blasted them 3 years from now and I was on the jury, I’d acquit.
Never let a good crisis go to waste.
It ain’t the 30’s where your neighbor will help you keep your farm. today Fucccers will steal it for a buck and sell it for a million.
Boomer Remover says:
April 3, 2025 at 1:39 pm
I am a big second hand buyer, and hoping the tariffs will have (relatively) minimal effect on my durable goods purchases. There’s an art to finding these items and framing ones bid to make it reasonable to the seller.
Are you on crazy pills? Is this English?
Rent: You are extremely obnoxious, a self righteous blow hard. Please reference my pro MAGA comments? You can’t, because they are none. Now of course in your simple mind if I don’t blindly agree with all of your silly comments, and wild speculations , and conspiracy theories, then that makes me a MAGA supporter. You are the flip side of the same coin.
This software update failed.
Kamala roll it back?
On the insider trading. MAGA can do no wrong.
Eggs are probably going to go up again, since the only meat we’ll be able to afford to eat is the chickens.
Zuck wants to be Bezos. Did you see the photo of him staring at Sanchez’ cleavage at the inauguration?
One step at a time. He’s pumping the steroids/HGH just like Bezos did. Next comes divorce. Then, maybe, he can complete the transformation.
Wow, I didn’t even think of the insider trading. Could you imagine having access to the wild chit trump will say prior to it? Ultimate form of corrruption….and there is nothing you can do about it.
Yeah, no way Trump’s people in the know refused a fat envelope or bitcoin from a hedge funder.
Separately, everyone seems to be cutting off their nose to spite the people social media taught them to hate.
“I would even put out there that they purposely made the tariffs above and beyond anyone’s expectations just to increase the payoff”
And just think how many more opportunities to be had because of the inflated tariffs. Ample opportunities to bribe….errr…I mean negotiate their tariffs downwards with Trump and those privy to the negotiations will profit.
D-FENS, stop being so credulous. Did you see the clownish formula they used to determine the tariff rates that Grim talked about earlier. This has nothing to do with reciprocity. How we can be this many years into Trump and grown adults still take what he says at face value is mind blowing.
BREAKING!
In a shocking development Canada announces it will build a coalition of countries who share their values to build their economy and trade opportunities and will exclude the United States.
“If the U.S. no longer wants to lead, Canada will.”
Trump straight up lies about everything and anything. He knows his supporters would let him shit down their throats in the name of ‘Murica.
UPDATED
THU, APR 3 2025 2:44 PM
Dow drops 1,400 points, S&P 500 loses 4% as stock market rout on Trump’s tariffs worsens
VSG,
This is only the beginning. A few more market days like this and I have a feeling the marches on Washington will begin.
What kind of idiot trusts a man who stands in front of a boarded up church holding a bible, that never belonged to a congregation in his life. MAGA supporters.
Oh Lib, I doubt marches matter to the fool. Seriously. He’s touched.
The voters that elected this fool and all of those who stayed home just might be regretting their decision. Most of them probably don’t own stock.
Just wait. After today comes the portfolio sell offs. I have a pretty strong feeling that this is going to compound badly. Remember, America put Donald in to make life more affordable. Their savings are shrinking. Inflation is increasing. Everyone knows someone who was laid off and crime will start picking up too. Then the drug overdoses will increase. Finally, MAGA supporters will give up and even Republican judges aren’t going to rule in his favor. The Trump name will be hated by both sides. You can see it here with the absence of the peanut factory. Even some of my MAGA friends have asked me what the hell is going on. Remember, the moment you know MAGA is over, employ what you hopefully pulled out. We are going to bounce back quickly once the Dem world peace tour returns. The world knows it’s a MAGA issue and not an American issue. Speak to your international friends. They know. There was a reason I went on the warpath. Knew all this was coming. I honestly didn’t think it would happen so fast. Just wish the Dem stooges as they like to be called would get off their asses and would start protesting instead of getting walked all over.
And when it’s over, hopefully the one good thing that will come of this debacle is that the Dems won’t take their position for granted. Though I doubt it. I’m pretty sure the identity politics thing will at least be mostly a thing of the past.
And yes, I feel the worst for those seeking out higher education. Even my son is now caught up in it trying to find the appropriate grad schools. This just may be another lost year like the Covid years. This generation is so fucked. All of a sudden, playing the beer-muscled white alpha male ain’t as fun as it used to be.
The only thing that Trump cares about more than money is his name. Trust me. He thinks he exonerated himself by getting reelected. Sure, he got a few suckers. But that’s over. He won because the Dems were straight up idiots. Trump always did put on a good show.
They won’t Lib. They’re passive and complicit. Most aren’t leaders. They feign concern. No wonder congress approval ratings have hovered around single digits for ages. We are getting what “we” voted for. Trump will write checks to farmers once they complain. He’ll back down on cuts to programs for the elderly perhaps. What really matters is getting Congress back in DEM control in the midterms. If “we” are incapable of doing that. If the passive electorate stays home (again) we are really and truly screwed. Biden sleep walked though his last term and the US performed really well economically. Proving the POTUS can operate on a brain stem and not blow up the World. This guy is different.
I have faith in America. We’ve been through much worse. For now Trump is obeying the federal judges. If he stops doing that, then all bets are off.
Here comes the EOD selloff. Hold your gats.
An email just came in. One of my corporate clients wants to reduce our consultants rates across the board. Probably trying to take advantage of the situation.
What’s a little haircut amongst friends?
Canada and China would be a good team together. China could build its road there. Then Build its belt in Mexico.
And there you have it the Belt and road initiative
Kung Pao Tine anyone?
re: Did Elon Quit..
His jet has not left DC since last month. He has a WH office as shown on the All In Podcast last week.
He also called the report of him leaving now Fake News.
Nike just lost nearly $10 billion in market cap in under an hour—because Trump slapped a 46% tariff on Vietnam, where Nike has over 450,000 workers and 130 factories.
The stock cratered nearly 7%, and investors hit the panic button.
That’s not “America First.” That’s tanking American companies while pretending it’s patriotism.
I dunno Juice Box….see, Juuuice is a MAGA’tard even though she denies it. “Pray for me schmuck”
I heard the Pillow Guy is running for Governor of Minnesota. I guess he has to figure out a way to swindle the millions he owes everyone for blatantly lying.
3:36 Make America Make Sneakers again.
“That’s tanking American companies while pretending it’s patriotism.”
Trump is clearly into HOKAs. And blow!
UPDATED THU, APR 3 2025
3:38 PM EDT
Dow drops 1,600 points, S&P 500 heads toward biggest loss: Live updates
It makes more sense IMO to make it based off of the trade deficit. For example, China hyper subsidizes some industries to make it impossible to produce certain things domestically because the imported products come in cheaper than the cost to produce domestically. Nobody has ever proposed a better solution/action to all of this and the argument has continually been, “well, there is nothing we can do, it’s cheaper anyway”.
VSG -Vietnam’s exports are 85% of its GDP…Sell to WHOM?
You think the kids in Brazil are going to pay $250 retail for sneakers?
Do you realize the tariff on auto parts causes car insurance premiums to go up?
Insurers paying higher prices for parts
Boomer you did this ^^^^^^^^^
Lib: The Dems will probably win the midterms, as well as the Presidency in 2028 unless there is some rebound between now and them. But I disagree they won’t back down on the silly Woke policies and identity politics, in fact they will probably go the other way. 4 years of Biden and Harris led to Trump being elected again, which should not have happened after the chaos of his first term. But, it did, and although you appear reluctant to admit it, it was not just the uneducated white trash NASCAR Christian nationalists or whatever you want to call them that voted for him. A reasonable assumption is that after these last few days/ weeks they may be sorry. But for the election many chose Trump over Harris, that says a lot. And even Obama was less than enthusiastic about endorsing Harris, that says much too.
Nonetheless the Democrats will most likely win the midterms and the 2028 Prez election, and we will be back with AOC, and Newsom, Warren , and more of the same nonsense as last time. And so, the system is broken , and it won’t be fixed, the decline continues.
If you like a $3,500 iPhone📱 we should build them in the US or a $1,000 iPhone built in China.
Which option is best?
SUNRUN solar has a “claim” against our home. It’ll cost us $20k to pay off the balance. Avoid them at all costs. The previous owner signed the deal, it transferred to us. We’ll take the hit and sell the place. The new owner will own the 23 Solar Panels free and clear. FUN!!!
There she is. 6% on the Nasty!
All this tariff talk has me thinking…
I would argue that house prices, healthcare, and education have all gone up significantly because other products like tvs have become much cheaper. So the savings from these products went into house prices etc. You had food come down in price significantly…a lot of things. So the excess money went into bidding up scarcer products like housing. Even the move from one income households to two: I would argue that the majority of that extra income went into mostly housing and healthcare (in the form of insurance).
When the upper brass of Bay Area tech flocked east to pay their respects to Donald Trump earlier this year, they surely expected some preferential treatment in return. But instead, the president just hit them where it hurts.
Trump revealed sweeping new tariffs on Wednesday, including a 10% baseline tax on all imports and double or triple that much for certain countries. He dubbed the non-baseline tariffs “reciprocal” and noted that some goods would not be subject to those levies, including semiconductor chips, in a win for Silicon Valley. Nonetheless, on Thursday, the very tech executives who kissed Trump’s proverbial ring watched as his tariff announcement slammed the very thing they’re duty-bound to protect: the value of their companies.
One bright spot, reduced valuations for tech firms means more layoffs and available homes in desirable place near SF. Booooyah
Grok response on when I asked if I was correct.
I see where you’re coming from, and it’s a compelling angle. The shift from single-income to dual-income households—especially since the mid-20th century—did pump more money into the economy, and it’s plausible that a chunk of that extra cash got funneled into housing and healthcare. I wouldn’t say I “agree” or “disagree” outright since I’m here to unpack it rather than take sides, but let’s dig into it.
Housing makes sense as a prime suspect. When two earners enter the picture, a family’s purchasing power jumps, and they might aim for a bigger house, a better neighborhood, or just keep up with rising prices. Studies like those from the National Association of Realtors show how home prices started climbing faster than inflation around the 1970s—right when dual-income households became more common. If everyone’s got more to spend, sellers and builders can charge more, especially in desirable areas where supply’s tight. So, yeah, that extra income could’ve bid up housing costs over time.
Healthcare’s trickier, but your insurance point tracks. As more families had two earners, many got access to employer-sponsored health plans, which became standard in the U.S. post-WWII. This flooded the system with demand—more people insured, more care sought. But costs didn’t stay low: premiums, co-pays, and out-of-pocket expenses soared. The Kaiser Family Foundation’s data shows annual family premiums hitting over $20,000 by the 2020s. So, that second income might’ve just been swallowed by insurance hikes rather than unlocking better care.
Education could fit too—dual incomes might’ve pushed families to chase pricier schools or colleges, though that’s less direct than housing or healthcare. Still, the pattern holds: more money in the system, more competition for limited goods.
The counterpoint? Not all that extra income went there. Some got eaten by taxes, childcare (a new cost for many dual-income families), or just keeping up with lifestyle creep—fancier cars, vacations, whatever. And structural stuff—like medical tech costs, regulatory bloat, or land scarcity—drove those prices up independently of household income trends.
I’d say your argument holds weight: a lot of that second income likely did flow into housing and healthcare, amplifying demand in already strained markets. But it’s probably one gear in a bigger machine. What’s your take on how much of it’s demand versus, say, policy or market quirks?
Ask Groc how much longer before DNA gets delisted?
All the indexes are down between 4% and 7% yet DJT was only down 1.87%. Hmmm. Yeah, I know it’s been hammered lately, but I guess wealthy MAGA are hanging on for now.
Biotech sector prob the best value out there in stock market land….just saying.
Betting on it! Big Time.
In not so important (I guess) news, Oracle hacked again.
https://finance.yahoo.com/news/oracle-tells-clients-second-recent-213011742.html
JPMorgan’s Michael Cembalest wrote this a few weeks ago:
“The stock market is unique – it cannot be indicted, arrested or deported; it cannot be intimidated, threatened or bullied; it has no gender, ethnicity or religion; it cannot be fired, furloughed or defunded; it cannot be primaried before the next midterm elections and it cannot be seized, nationalized or invaded. It’s the ultimate voting machine, reflecting prospects for earnings growth, stability, liquidity, inflation, taxation and predictable rule of law.”
VSG ~ 3:51pm,
You got that from CNBC Dan Ives.
I say neither. A iPhone cost ~$75 or less per phone. Rest is pure Apple profit. Apple can take a big hit and still be very profitable.
Is Cook going to bite the bullet to keep market share or he will keep his nose high and Android or other mobile OS will pop up and take market share. Will Amazon bring back the Fire Phone, Microsoft bring back the Windows OS and you still have Nokia and Blackberry.
Trump’s new tariffs ‘worse than the worst case scenario,’ Wedbush’s Dan Ives says
Listen to Lutnick lying about the Tariff formula
https://www.cnbc.com/2025/04/03/commerce-secretary-lutnick-says-trumps-reciprocal-tariffs-will-spur-countries-to-examine-their-trade-policies.html
The moment Lutnick wants to lie, he brings up a story that goes like “I was talking to …. “ or “I was in the car with..”
This is fine
How much cash to set aside? 2 yrs worth? This time seems worse than the pandemic.
How Much? https://www.youtube.com/watch?v=EJR1H5tf5wE
Wall Street had its worst day since the height of the Covid crash after President Donald Trump’s tariffs sparked fears of a US and global recession.
Trump seems unfazed. Asked about tumbling stocks on Thursday as he boarded Air Force One to attend a golf dinner in Miami — as the Dow Jones was down 1,400 points — Trump said: ‘I think it is going very well.’
Woof! Guess the dog was resisting.
NJ Trooper Arrested, Dog Found Shot Dead In Passaic County Condo: Cops
A New Jersey State Trooper is facing criminal charges after police say a dog was found shot dead inside a Wayne condo following reports of a disturbance.
Christine Grady – Anthony Fauci’s wife who worked for the NIH in Maryland was offered a new post in Alaska…
It were her choice……stay and serve or go..She chose to go…
https://x.com/ThisDayinCovid/status/1907463598999281766
So, it appears not only are the tariff math simplistic without reason, the original deficit numbers also appear to be from chatbots.
https://arstechnica.com/tech-policy/2025/04/critics-suspect-trumps-weird-tariff-math-came-from-chatbots/
Ask chatbot what Tunisia (for example) owes America, then use it in the 5h grade math equation. Repeat. Compile to a sheet. Generate report. Done!
Even a 5th grader wouldn’t cheat this bad.
NorCal,
SunRun bought out Vivint and owns the panels on my home. I’ve dealt with them a lot. They threatened to sue me during a roof replacement but I threatened to sue the back and got them to back down. I know my contract in and out which is why they backed down. If you could post more info on the SunRun situation with your home, I might be able to help.
Rent – re: Chatbots… Government is not going to attract the best and brighest to dig in and do the work. You said chatbot but really it more like vibe coding.
https://www.youtube.com/watch?v=Tw18-4U7mts
Just spent this week some “elite” coders for an AI project. First thing I did was check what kind of crap they post online and when we had our meetings and would finally get past the business use of AI we would talk about some experiences with the early web and being creative which led to discussions about multimodal AI.
Some of these coders want to be the next Silicon Graphics and build an expensive proprietary platform…Several were working on building entire platforms for gaming and other less honorable pursuits. I had to mention a late 90s story about SEO and ranking porn manually for Google to get their attention. At least a few were thinking of commercial uses where they can make some real money. Again well funded company just raised a 1/2 billion for AI….None of them want to build a chatbot or really anything agentic….They are already light years ahead…..
I would say interesting times ahead..
I am upset….No not really.
Some coward hiding behind a nom de plume attacks me…
Sigh!
Look…I am here for free debate. Make your point and move on…
I will tell you why. It’ simple I will live longer than you…..I used to wait for hours for the BBS to download the updates.
9:29 we has a contract we “inherited” when we bought the house. Apparently there are a few years left on the contract. We’ve been asked to “clear the balance” of $20k. The next owner will own the panels free and clear. We’ll recoup the money on the sale. I just think it was a shitty contract to begin with. But it came with the house.
U.S. stock market has wiped out $9.6 trillion since Inauguration Day
By
Joseph Adinolfi
U.S. stocks have had a rough go of it since President Donald Trump was sworn into office for his second term in January.
Since Jan. 17, the Friday before Inauguration Day, the U.S. stock market has seen $9.6 trillion in value erased, according to data from FactSet and Dow Jones Market Data. Of those losses, $5 trillion has been erased just over the past two days — the largest two-day loss on record.
Major equity indexes were seeing their losses deepen in early trading on Friday. The Dow was down by more than 1,200 points in recent trading, bringing its losses since the market opened on Thursday to nearly 3,000 points.
The S&P 500 was down by 3.6%, while the Nasdaq Composite was off by 3.8%, leaving it on the cusp of bear-market territory. The Russell 2000 has fallen by another 4.1% since it became the first major U.S. equity index to enter bear-market territory on Thursday.
MAGA!!!!