From NorthJersey.com:
Six-figure salary needed to buy a home in 30 states. This is how much you’ll need in NJ
Earning more than $100,000 a year is something many of us can only dream of. What if we told you that salary is the annual income needed to buy a home in more than half the United States?
At the start of 2025, an annual household income of $116,986 is required to be able to afford the nation’s median-priced home of $418,489. This is a nearly 50% increase from the income that was needed in 2020, according to Bankrate’s 2025 Housing Affordability Study.
With this, homebuyers in 30 states and the District of Columbia need to make a six-figure annual household salary to afford the typical home in their area. In 2020, only six states and the District of Columbia required a six-figure annual income.
“Between elevated mortgage rates and the rise of home prices nationally to a record level, many aspiring homebuyers feel like owning a home is out of reach,” Bankrate senior economic analyst Mark Hamrick said in the report. “We can’t say when these conditions will ease, but we should note that home prices and availability widely vary around the nation and even throughout larger communities or metro areas. Some combination of patience and flexibility is called for.”
New Jersey has the eighth-highest annual income required for residents to afford the state’s median-priced home. To become a homeowner in the Garden State, a median household income of $160,001 annually is needed to afford the state’s median-priced home of $539,100. This is a 54.15% increase from the annual income needed in 2020, which was $103,794.
Good chance we’re going to start seeing retaliatory tariffs on services.
If so, hang on.
I saw yesterday that Germans were buying large amounts of coffee.
Sorry about your jobs…
Sure things were worse under Biden?
Drat
401K pronouns are now was / were.
Went to cash in the 529’s and 401K in February.
BREAKING NEWS!
FRI, APR 4 2025
7:00 AM EDT
Dow heads for another 1,000-point drop, futures indicate, after China retaliates to Trump tariffs: Live updates
Futures down bigly.
A STAGFLATIONARY SHOCK OF HISTORIC PROPORTIONS
Bloomberg Economics Chief Economist Tom Orlik about a tariff announcement so large it could break the system of world trade.
Short term pain, for Long term horror
Boomer you did this ^^^^^^^^
Trump will change his mind by Monday.
*REPUBLICANS DEBATE CREATING NEW 40% TAX BRACKET
more taxes for middle to pay tax cuts for billionaires
In any case, we will be moving into a future with higher prices, less product choice, and much weaker foreign alliances. The tanking of the stock market, and other possible asset price repercussions, may tip America into recession and increase joblessness.
This is perhaps the worst economic own goal I have seen in my lifetime. I cannot think of any credentialed economist colleague—Democrat, Republican, or independent—who would endorse it. And I haven’t even mentioned the risk that some foreign nations will retaliate against American exporters, damaging our economy all the more.
– Tyler Cowen
I have been heavy on s&p and like others down a lot. I understand nobody has a crystal ball, but what would you do if you are 95% in s&p? And you don’t need it for the near term?
I took huge losses when I sold during covid and that was a wrong move.
I’m 44. It only just clicked to me that every recession in my life started during a GOP administration. Not once under a Dem.
(To be fair, you can’t blame Trump for the Covid one. Bad luck)
– The Stalwart
Sanctions removed on Putin’s ally while the dumpster fire is burning elsewhere.
https://www.cnbc.com/2025/04/03/trump-treasury-sanctions-putin-russia-rotenberg-ukraine.html
Ten 391
Holy!
Everyone was waiting for the panic down move. The VIX touched 45. Is this the end or is this really the end?
From yesterday….
NVDA, AMD, TSLA, SHOP, MDB, CVNA, TTD, SQ, ROKU, TWLO, Wayfair etc….
Basket short 100% winners, another 10% day….on them…reminiscent of Cathie Wood days. Always cautious when shorting is this easy.
No panic yet. You will know it when you see it. A decent shot in happens this morning. I think it will need to be when the European markets are still open, so before 12 today. It could be 10-11 AM, with a really big flush and then we end green on the day with a big drop in the VIX from the peak level.
Bear in mind, we have yet to see the economic destruction that is going to be created by this instability. I don’t believe that’s been priced in at all. So even the flush right now might be merely a short term bottom. It’s unknowable because we don’t know how negotiations are going to take place across the next couple of weeks
Rent,
I was using the look but no touch approach with the stocks during Covid and a few pull backs. Part of the reason is cap gains tax implications also. FWIW, bought some QQQ yesterday after hours (now down in the AM bigly), with some retirement money sitting as cash. Don’t touch if you don’t need the money for 5 – 10 years.
Someone.
Yes. When you miss the ferry, you have to wait for the next one.
BREAKING: Dow futures extend losses to -1,000 points, bringing 2-day losses to -2,700 points.
Someone, Look don’t touch is what it is now.
The capgains tax did hit me back then.
Although I have about 30% in SEP IRAs that wouldn’t be affected by selling. The good thing is I don’t need any of it for 10+ years.
In cash for about 1 year – if I don’t make fancy purchases.
DJT nearly hit the 16s, this morning in premarket trading. $Trump coin was in the 8’s this morning. Two more Trump disasters for investors. Still, plenty of billions made by the idiot in chief.
JUST IN: 🇺🇸 California to ask countries to exempt it from any retaliatory tariffs on the US.
Libturd
You still holding Sofi? Would you add to it at $9 or wait for to see if it drops more?
Ten 389
Speaking of fancy purchases. I just landed an LG cabinet depth fridge for nearly half price. Listed at HD/Lowes/local appliance stores for $2400. Listed at LG for $2900, but they are having a big sale and was listed for $2,000. Then, the silly site put up an 8% promo code. Capital One Shopping was running a 15% cash back at LG. Free installation and they are paying us $50 to remove the Samsung it is replacing. Purchased it with the new AMEX Business Platinum deal where if you spend 20K in 6 months, you get 200K in points. I referred Gator to it for an extra 25K each. Amex points can be converted into 1.1 cents per point with the schwab Amex card into your Schwab account. I don’t spend 20K that often, but I owed Uncle Sam 17K after a very good investing year and the points make paying the taxes with a credit card a no brainer. The fee (if you pay online and not through turbotax) was 1.75%. Fridge comes today. I ordered it on Wednesday. If guys are neat, I’ll tip them $20 each. Tariffs be damned.
HMB,
I did sell about half of my SOFI. It’s a very long-term play. I think they will be the first JP Morgan of the fintechs. Like you, I plan to double the position again when market levels. I have no idea when that is, but I’ll give up a bit of missed gain to ensure it doesn’t drop further with everything else. As you already know, SOFI moves about 3X as much as the market does on big days up and down. But she always comes back since a lot of people see in them what I saw early. Remember, CEO said this was an invest in the business year. He has been 100% transparent since day one and always has exceeded his promises which Wall Street constantly says won’t happen. Either way you play it, barring a fundamental change in their business, I think your money is safe in the long run. If the tariffs hold, look for an entry into AN.
This one is interesting. Wealthy Americans have same death rates as poor Europeans
https://arstechnica.com/health/2025/04/wealthy-americans-have-death-rates-on-par-with-poor-europeans/
They probably did not count all the heart attacks from looking at 401ks recently.
The economy is still strong. I don’t see a tariff war lasting. I say buy the blood. We are at peak emotional fear….crypto already bottomed and it usually frontruns the market. Start buying some biotech if you want to buy stocks. High risk is where you want to start buying the blood….1o year dropping.
Speaking of which, Sofi now only pays 1% on cash holdings
You mean in their brokerage?
Just transfer it immediately into your savings for nearly 4%.
I don’t use their brokerage. But I would assume the Robin Hood/TastyTrade crowd would have no issue with it.
My only issue is that they don’t reimburse ATM fees like my Primus and Schwab accounts do.
My banking method works like this:
My only brick and mortar is Capital One free 360 performance savings account and I use it primarily to deposit cash. They ACH transfer quickly and they have no fees, no minimums and pay 3.7 apy. You don’t even get an atm card, but it’s 100% free and there is a branch nearby me in Nutley close to where D goes to therapy and where there is a decent ShopRite compared to our POS in Bloomfield.
Sofi is my day to day bank. Have a savings and checking account. This one has an ATM card and it’s free to make withdrawals through CVS/Walgreens/Quickcheck and 7/11. They do charge a small fee on cash deposits, which is why I have that other account. savings pays 3.8 apy and your money is automatically moved from savings to checking to pay bills or checks. No overdrafting unless you truly are broke. No ATM fees from Sofi if you go out of network. Payday is three days before check arrives. Quick ACH transfers, online check deposit and Zelle plus bill pay. Great app and website. Very intelligently programmed and super intuitive.
Then I have my free schwab checking account for major money moves.
I have about five other checking accounts from taking advantage of transfer promotions where a lot of my multi sale money is earning 5% waiting to be deployed in Vegas/Costa Rica real estate.
People, you should never owe a bank a penny and you should be paid high threes interest on all your money. If you aren’t, move.
MP has been a great recent pick of mine. Remember my last two stock suggestions before AN were NICE and MP. NICE hasn’t been so nice, but MP has been great.
MP has been a great recent pick of mine. Remember my last two stock suggestions before AN were NICE and MP. NICE hasn’t been so nice, but MP has been great.
And do all your short-term investing in tax-shielded retirement accounts fools.
Sorry for the double post.
UPDATED FRI, APR 4 2025
9:42 AM EDT
Dow drops 1,100 points, crushed for a second day on fears Trump has ignited a global trade war: Live updates
no prob
Libturd says:
April 4, 2025 at 9:40 am
Sorry for the double post.
Nasdaq -3.7%
I was expecting a dead cat bounce.
Rent,
Bounce will occur, but if tariffs hold, it will indeed be a dead cat.
Americans have a terrible diet which only worsened with the poisoning of the entire food supply the past 20 years, their collective life expectancy is headed down. If you want a statistical outlier, Asian Americans in just about every state have a higher life expectancy than all your world’s countries with the highest life expectancy. Singapore, Hong Kong, Japan….Asian Americans, particularly in the Northeast, outlive them all by several years.
You guys forget how bad it was during the tech bubble/financial crisis bears. These things move quick. Likely, we are only halfway there. These tariffs are huge and the inflation is going to be bad. I’m not even sure if lowering interest rates will help as businesses won’t borrow and raising inflation rates is the only attack on inflation. Trump can’t even play the Union label game since he’s crushed so many of them. Just not a lot of options besides removing the tariffs and Trump claiming his minor tariff victories at this point. If crypto busts, look out below. Of course Trump and Lutnick (plus the asshole in El Salvador) are huge money laundering advocates.
BRT is correct on the diet thang. It helps that Asians, especially the Japanese eat tons of fish and veggies. Our diet is based on corporate profits. The bad stuff is the cheapest.
All of a sudden, those DOGE savings don’t mean a damn thing. I feel terrible for all of those recently laid off.
The worst part of all of this is that It Wasn’t Broke. So why did Trump try to fix it? Grift, baby, Grift!
Anyone thinking about the impact that cheap gas will have on the sale of electric cars? Elon should be concerned.
Crude is down to $61.50!
I eat poki most days now.
Thanks Lib
I will wait for it to drop more.
I’ll be at at one funeral and one Shiva this weekend. After not being to a funeral in over 10 years, I’ve been to 5 recently. All of them lived into the 90s.
None of them are Asians.. so can’t say it’s the sea food. lol.
Trump came down the escalator ten years ago. Did big business position correctly in response to that (moving more of their supply chains onto US soil)? I suppose we will soon see who was swimming naked against the threat that tariffs were coming.
Lots of business media punditry saying it takes 3 years to open a new plant. They had 10 years notice that this was coming.
If you guys like Korean food this is my main site for recipes
Has lots of kimchi and side dishes too
https://www.koreanbapsang.com/
We make the instant pot kimchi stew a few times a month. Wife and kids prefer soup to stew so we use 5-6 cups of water instead of the 2 she uses in the recipe.
We might be in a lasting economic paradigm shift, like when the US went off the gold standard. Or . . . Trump gets some concessions from each country and leaves on an effective 2% tariff.
As of today, the US consumer is the sun that the rest of the economy’s planets orbit around. Trump might push this so far that that dynamic breaks. That would be bad for Americans. We will see.
Lat year I changed the way I eat and what I eat, that was now some forty some pounds ago. I am in better shape than I was just out of college. The perception shift is huge but once it happens you realize that most people are in fact queuing up at the supermarket to purchase marketed processed poison.
I wish I made this change at 29 and not over a decade later but better now than ten years from now I suppose.
IMO the biggest hurdle is breaking past the increased cost of better food, without yet understanding the long term benefits. On the flip side, I find that fueled properly one consumes less food so it helps to balance out.
Would expect a bounce to the 200DMA and then back down, but I’m with Lib – and almost every executive out there – I feel these tariffs will be just a distant memory in a month’s time.
Sweet, delicious poison . . .
The department of education could be good for one thing. If it could circulate a mandatory health training for all schoolchildren:
Processed snack foods (chips, cookies, candy and soda) = poison
Fast food = poison
Most restaurants = poison (the chef is putting in so much butter and such)
Alcohol = poison
Cigarettes or smoking or gaping anything = poison
Drugs = poison that foreign enemies want you to take to weaken our country’s geopolitical position, like the us did to Russia and Iran with Afghan poppy farming and China is doing to us with fentanyl
I’m a Trump suppporter but I believe an excuse tax of $.01 per gram of sugar in a food product is good public policy.
*vaping
*excise
SP500 flirting with being down compared to price one year ago.
Some historical data on import taxes and affects on the market (from Fool.com). I don’t go to Fool.com since it became more of a marketing tool over the years. But data is data.
1955 to 1962: The average tariff rate on U.S. imports increased from 5.9% in 1955 to 7.6% in 1962. That 1.7 percentage-point increase was spread across seven years but contributed to several sharp declines in U.S. stocks. The S&P 500 fell into four corrections and two bear markets during those years, the worst of which involved a 28% decline.
1980 to 1983: The average tariff rate on U.S. imports increased from 3.1% in 1980 to 3.7% in 1983. That 0.6 percentage-point increase was spread across three years but contributed to two corrections and one bear market. The S&P 500 suffered a 27% decline in 1980.
2017 to 2019: The average tariff rate on U.S. imports increased from 1.4% in 2017 to 2.7% in 2019. That 1.3 percentage-point increase was spread across two years and contributed to two market corrections, the worst of which involved the S&P 500 declining more than 19% from its high.
To summarize, relatively small bumps in the average tax on U.S. imports (no more than 2 percentage points over a few years) have historically correlated with sharp declines in the U.S. stock market. That’s concerning, because the tariffs outlined by President Trump on April 2 will increase the average tax rate on U.S. imports by 19 percentage points to 22%, a level not seen since around 1910, according to Fitch Ratings.
The US market is big, the US trade deficit is big. The advantage is with the US in the long term. Lets see how much short term pain US consumers can bear. Retirees who are heavy into the market are sweating bullets right now I‘m sure.
Chad,
Nice try. Let’s wreck the greatest economy in the world to see if we can make it number one again. Seriously?
crushednjmillenial – shame on you for voting for Trump.
Was the data I provided on correlation of import taxes with market and economy not available to Lutnik? Of course it was.
Did he see it coming – of course he did.
Did he profit from all this? I bet my bottom dollar – yes.
Sugar is not poison. It’s only poison if you sit on your ass all day and overconsume. Dj Metcalf is absolutely ripped…and he eats a lot of candy. He uses it for energy. He burns so much energy that he needs carbs.
My own diet. Make sure to have my fruits, salad with other veggies, and protein shake as my first meal. Then usually have bone broth, small 100 calories of guac, various peanuts, and a yogurt. Then I have smoked salmon 4 oz (eat salmon on most days)with a bean/cheese burrito from wholefoods (has 56% daily fiber and lots of protein 3 times a week)….and then other days have pizza, beef or turkey jerky, soups, or even fast food. Then I have an ice cream bar and a donut with some milk and protein shake to end the day (going on my cut for 2 months…so eliminating the ice cream and donut). I also have candy (about 100-200 calories) on most days. In perfect health based on last blood work in Feb. 108/70 blood pressure. Good to go…still building some muscle in my 40s.
Point is….you can still have enjoyable foods, just keep it in moderation. And if I get fast food, I don’t hold back. For example, at mcds i would get a big mac, quarter pounder, either the premium ckn sandwich or mcchicken, cheeseburger, and fries. Has no effect because I don’t abuse it.
Also, I don’t drink on weekdays. Only on the weekends I will have a drink. Drinking messes up my sleep, so I try to avoid it for those reasons.
Sugar is the new “fat.” You will soon see that they were wrong about blaming sugar. It all comes down to overconsumption of food. That’s all that matters. Gluttony is a sin. That’s the poison. Too much of anything is no good. It’s wrong to call sugar poison.
I don’t think the advantage is with the US at all. We lack cheap labor, the lynchpin of manufacturing. We closed our borders too. Worse yet, we have a service economy filled with fat people who wouldn’t know an honest days worth of work. Finally, AI and robotics have made manufacturing much less labor intensive. We can’t all fix the robots. Heck, most Americans don’t know how to change a light bulb.
Go to other countries around the world and they still fix things. In India, auto mechanics ride around on bicycles. In Central America, when you wreck your car, they bondo that shit back to new. In America, we pay $1,000 a panel to China for a replacement panel that cost them $20 to manufacture. Fat chance we are returning to a manufacturing economy.
Finally, the last nail in that coffin is that Trump and MAGA will be long gone before the first new plant is built.
Wow. Look at oil and even gold is collapsing.
UPDATED FRI, APR 4 2025
10:55 AM EDT
Dow drops 1,500 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens!
Boomer you did this ^^^^^^^^^^
Crushed: I would not have guessed you were a Trump supporter.
Yet BitCoin is up. Hmmmmmm.
And now you know this was all one big Trump/Lutnick Grift.
We’re in a trade war with China.
We’ve completely pissed off the EU.
Canada no longer trusts us.
The stock market is off 10%.
Inflation is headed higher.
Layoffs are starting.
And one thing people share is that the 10Yr is below 4%.
Wow. Yay.
Cleveland-Cliffs lays off more than 1,200 workers as tariffs hit demand.
A number of North American steel manufacturers are struggling to deal with the impacts of the Trump administration’s trade policy.
The ten year is an indicator that the economy is going to falter hugely. It’s one of the most important economic indicators out there.
Stellantis to temporarily lay off 900 US workers as tariffs bite
By Kalea Hall, David Shepardson and Nora Eckert
April 4, 20254:35 AM EDTUpdated 7 hours ago
Donald Trump’s schedule for April 4, 2025
1. Crash the market to a $2.5 TRILLION loss.
2. Fly to Florida to play golf.
Here are some divergent thoughts. Don’t shoot the messenger as none of this is
my idea.
Key Points of what they are trying to accomplish besides the grift.
→ Lower yields eases the debt and refinancing it
→ Spending cuts restore some fiscal discipline which congress won’t do
→ Tariffs jumpstart domestic growth (takes a while)
→ And geopolitics gets rewritten in America’s favor
It’s disruption by design—with enormous stakes.
If it works, it’s a defining success for Trump:
→ Debt under control (7% of GDP Today huge deficits)
→ Manufacturing reborn (takes time if it is even possible)
→ Global leverage restored (Not militarily we already have it, with Trade no cheating)
→ Trumpism vindicated in 2026 (Democrats are wringing their hands in anticipation of a win here, it might not come fully)
If it fails:
→ Inflation (Already here can it get worse?)
→ Retaliation (Canada cutting off energy? It’s being discussed)
→ Lost midterms (Lots of pissed off people )
→ Strategic drift (No longer friends with many countries)
18 months to find out if this massive gamble even begins to pay off.
YES YES YES I KNOW ORANGE MAN IS BAD DUMB AND MEAN HE DID NOT THINK THIS UP. YOU WOULD BE CORRECT.
It was that gay man Yale Professor and former Hedge Fund Manager under Soros who is now Treasury Secretary Scott Bessent. His 3-3-3 Plan is happening…Will we survive it? Only time will tell.
Some more tangent aka different thoughts here.
https://tanviratna.substack.com/p/trumps-tariff-gambit-debt-power-and
Gold was/is a bubble. You leave that chit now and go after high risk like crypto. Gold will never be more desirable in the coming years than now. You sell into that chit. And you buy what everyone tossed away because of “risk.” Get into biotech while it’s a firesale….best sales in the market. Beat to chit.
Libturd says:
April 4, 2025 at 11:01 am
Wow. Look at oil and even gold is collapsing.
11:16, it is as much about execution than vision, if you agree.
As much as some of us hate Trump, if this is the vision, we will success. However, does he have the chops? What is his history with financial matters?
And… at a philosophical level, maybe we Americans need to Find Out how much we Fucked Up by voting him.
Kamala Harris is an angel in comparison.
In any case, we will be moving into a future with higher prices, less product choice, and much weaker foreign alliances. The tanking of the stock market, and other possible asset price repercussions, may tip America into recession and increase joblessness.
This is perhaps the worst economic own goal I have seen in my lifetime. I cannot think of any credentialed economist colleague—Democrat, Republican, or independent—who would endorse it. And I haven’t even mentioned the risk that some foreign nations will retaliate against American exporters, damaging our economy all the more.
– Tyler Cowen
* we will success = we wish success
“ I cannot think of any credentialed economist colleague—Democrat, Republican, or independent—who would endorse it. ”
Lib – Gold collapsing? Dude $3,167.57 yesterday was an all time high. I almost sold lol….
Sell off is because you got a margin call. What do you sell? Apple stock or gold?
Powell sees tariffs raising inflation, slower growth, and says Fed will wait before further rate moves
PUBLISHED FRI, APR 4 202511:25 AM EDT
I agree. An incredibly bad look.
Very Stable Genius says:
April 4, 2025 at 11:14 am
Donald Trump’s schedule for April 4, 2025
1. Crash the market to a $2.5 TRILLION loss.
2. Fly to Florida to play golf.
Congratulations to those of you who bought shares of Nike yesterday. Vietnam already in talks to drop their tariffs.
Some anecdotal stories from my circle on immigration.
Coworker is a Canadian and so is his wife. They are worried if they leave the US and visit Canada they won’t get back in. TN visas….non-immigrant work visas only you have to renew every three years too and that time is fast approaching. In theory they can work remotely from Canada, but they have investment rental unit properties here.
Another friends sister moved to Ireland. She is American her husband is not. He is playing the game with his Green Card by coming back every few months. They have rental properties here. He was just stopped for additional questioning at JFK..They let him go but you know they probably will continue to do so.. He needs to get the citizenship and stop being lazy about it.
Juice,
Gold looks like an absolute bubble. I would sell. That’s just what I see.
How is gold a bubble with uncertainty so high?
Wishful thinking.
Pumps I mentioned my gold holdings in a previous post. I have held since 9/11.
It has a sentimental value…Which means it represents uncertainty and flight to safety of nervous investors.
I only see gold going higher…. It will continue to climb too as there are countless informercials on TV. Grandma and Grandpa after their brains are fried from watching CNBC and MSNBC and those gold informercials might actually sell their Amazon and Apple stock and pivot a million to gold because the Orange Man is bad bad bad..
BTW if any of you tell grandma and grandpa to buy crypto as a safe haven I hope you don’t need that inheritance because it will be gone. The rug pull on Crypto will be at least two chapters in economic history books…. from Tulip mania to Meme Coin mania.. as lessons never learned from the collapse.
Lib,
I understand what the administration is trying to do, I didn’t say I agree with it. Everything revolves around a strong economy in the US. Even if Trump were successful, the US would gain at the expense of other countries. Much of the world hates the US right now. I personally love steady, stable, and consistent. Why were such large tariffs chosen? Trump probably could have had better results with lower tariffs and a lot less worldwide turmoil.
“Fed will wait before further rate moves”
Hahah he gets fired and soon.. Emergency rate cut will be next or else.
Rent/Juice,
It’s hard to see it, that’s why it is a bubble. You will not have stronger demand than you do now….that’s when you have to sell.
I believe peak emotional fear topped yesterday, and it will only go down from here as tariff deals are struck. Expect a huge V recovery at some point. Gold will go down as people exit to make real money chasing stocks or crypto again.
Much of the world hates the US right now.
Yup by design… We no longer trust the USA to save us anymore. They have been saving us since the 1940s however it’s now time to retool out factories for weapons, build warships and man the seas with a navy for once to protect all trade. We need those tankers full of oil just like everyone else.
Strait of Malacca 23 million barrels a day (Middle East and Russian crude)
Strait of Hormuz 21 million barrels a day (Middle East crude)
Suez Canal and SUMED Pipeline 7 million barrels a day.. (Middle East and Russian crude.)
Danish Straits 5 million barrels a day (Russia crude)
Trump ‘not backing down’…..
US equities downgraded
60% odds of recession
Pumps talking about or trying to influence people to buy crypto one day might actually get you beaten to death. Not by me now, but by your own family.
https://www.youtube.com/watch?v=N8f-BQFo7lw
Chad,
Niall Fergusson explains the gamble toward the end.
https://youtu.be/vDBZeHhx3YE?si=YcAvzgO3rCeI-A-Q
However, along with it. This morning in Bloomberg Radio they had a Boston based academic that said something in a rush, but stuck big time. The statement was
” OrangeTurd feels confident and unrestrained because he has now a true believer level of confidence because he feels he was saved by god from the bullet to achieve his believe.”
This changes the game in my opinion. We are dealing with an unhinged religious fanatic that is pursuing his vision of god based grandeur no different than Joan of Arc, Bin Laden, Jim Jones and other religious wack-a-doodles.
It’s really too bad we have to wait until July for the next season of South Park..
Trailer.
https://www.youtube.com/watch?v=oUIK01ek-Ko&t=62s
Trump will be known as the ONLY global leader to push the World into recession.
Agreed. It is about risk-adjusted returns.
This all may work, but the voluntary choice to introduce risk to the system makes these decisions highly unlikely to be optimal. Not necessarily bad. Just far from the best option of many. However, the recklessness and sloppiness has been consistent for the past 10 weeks.
Chad Powers says:
April 4, 2025 at 12:04 pm
Lib,
I understand what the administration is trying to do, I didn’t say I agree with it. Everything revolves around a strong economy in the US. Even if Trump were successful, the US would gain at the expense of other countries. Much of the world hates the US right now. I personally love steady, stable, and consistent. Why were such large tariffs chosen? Trump probably could have had better results with lower tariffs and a lot less worldwide turmoil.
UPDATED FRI, APR 4 2025
12:36 PM EDT
Dow drops 1,600 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens: Live updates
No you don’t!
The so called “administration” doesn’t know what the hell they are doing.
Chad Powers says:
April 4, 2025 at 12:04 pm
Lib,
I understand what the administration is trying to do
I think the confusion around all this is whether these tariffs were meant to stay… or whether this was just an over the top move to have these countries remove their tariffs.
After all, should other countries drop their tariffs, in order to incentivize domestic demand the tariffs need to stay on, no?
It’s almost as if they’re trying to influence production, in spite of consumer preferences.
Juice,
Crypto is exactly what you should be buying. I don’t make the rules..
“Not necessarily bad”
says the other freaking genius while the stock mkt crashes and the economy collapses
Dow down 1500 points and the cult members trying hard to justify it
We’d be so much better off with a Democrat who doesn’t know what the hell they are doing.
Very Stable Genius says:
April 4, 2025 at 12:45 pm
No you don’t!
The so called “administration” doesn’t know what the hell they are doing.
Thank Goodness you post these persuasive updates everyday. I have no idea where else to find this information.
Very Stable Genius says:
April 4, 2025 at 12:52 pm
Dow down 1500 points and the cult members trying hard to justify it
Pumps,
Good news: My YouTube loving father in law, who has zero investment knowledge, seems to agree with you.
Bad news: His investment track record is particularly poor.
Jim Cramer: “if you wanted to make the market crash, i think you would go with this game plan”
which one to go down first to blame this shittery?
bessent, navarro, lutnick
the less idiotic will win imo, that’d be bessent.
Well Cramer is never right, so face ripping V rally incoming for sure…
bessent needs to fix those horse tooth dentures. sssshhhhtat.
D-FENS …. I always knew you were a douchebag.
Doooooooooooouuuuuuucccccccchhhhhhhheeeeeebbbbaaaagggg
54% tariff on China.
I wonder what they will do? Again they claim the don’t peg it to the dollar but reality is quite different. PBOC is still currently targeting the yuan’s value against the dollar, not its value against any basket of currencies.
1 USD = 7.2978 CNY
Will they actually allow its exchange rate to be set by the market?
Hey FoxNews , Just curious, why did you take your Dow Jones stock market ticker off the screen last night and have kept it off?
“what would you do if you are 95% in s&p”?
That would have never happened to me, so that’s like asking me “what would you do if you were as dumb as Pumpkin?” Maybe kill myself?
Maybe take one of those online risk reward quizzes that online brokerages offer and then do some kind of proper asset allocation in the future. Do some matching of specific cash future needs to appropriately risky assets.
I remember seeing people a few weeks ago online arguing that since “stocks always go up in the long run”, some sort of 130% long leveraged strategy to US stocks was the ideal asset allocation even for retirees, lol.
UPDATED FRI, APR 4 2025
1:16 PM EDT
Dow drops 1,800 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens
Very Stable Genius says:
April 4, 2025 at 12:40 pm
UPDATED FRI, APR 4 2025
12:36 PM EDT
Dow drops 1,600 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens: Live updates
Crypto rebounds fasters than stocks. That’s historically been the play: ride up crypto first, then buy stocks, then sell crypto first, then sell stocks. Crypto once again proves it’s been a leading indicator especially since it’s open 24/7 and global.
Speaking of Canada. Lots of tough talk from the various Premiers up North…but there is one who says otherwise.
Danielle Smith the Premier of Alberta (Where four million barrels a day of oil come from and most is shipped to the USA).
She refuses all calls from Canadians to cut off oil & gas going to America.
“The reason I object to that is because if the United States reciprocates and turns off oil & gas coming to Canada, Ontario and Quebec will get zero oil & gas. The only way they get their oil & gas is from America.”
Yup we refine it for them… They will bend the knee and kiss the ring…it’s only a matter of time…
Pumps – again why did NFTs fail?
TikTok Executive order coming today before the ban tommorrow. I gather nobody wants to pony up and pay whatever insane valuation they have given themselves. 18 billion in revenues…..135 million monthly active user in USA.
Juice,
Nft’s are art. Honestly, there will come a time when the market values them high again (think baseball cards or any other collectible). Art usually always finds its way to the top. I don’t mess with NFT’s and never will. I am not a collector, I am here to make money. Not that collectors don’t make money, but not my thing. Imho, digital art will come back though. No idea when….can be waiting a long time.
Juice, sorry for the slow response, but the refrigerator came. It’s truly amazing how much stuff these things hold.
Let’s try and break down the 3-3-3 plan. And I never shoot the messenger unless they are clearly moronic.
→ Lower yields eases the debt and refinancing it
The oft used excuse Presidents make for bad economies, but it is true it makes debt cheaper to pay off. But then why is Trump planning on huge corporate tax cuts that didn’t work last time and won’t work this time?
→ Spending cuts restore some fiscal discipline which congress won’t do
Great, something we all agree upon. And yes, lots of government workers suck. But many do not. The cost benefit of keeping the effective ones and riffing out the bad ones is huge. Why is this not being practiced? (because it’s all one big show to keep DJT up).
→ Tariffs jumpstart domestic growth (takes a while)
How so? Everything is significantly more expensive, probably lower quality (American Cars for example) and no one is spending because we are in a depression. Massive job losses, no cheap labor, etc. This is a pipe dream. Even the educated ones can’t get my order right both in retail and in restaurants. I orderd a Scott’s rotary spreader. they sent me 5. They were banded together from the factory in China. I sold the other four for half price. When was the last time a restaurant got your order right and didn’t leave something out. You order ten subs from a fancy sandwich shop in town and they don’t label which is which. Manufacturing ain’t happening here. We are too fat and too stupid.
→ And geopolitics gets rewritten in America’s favor
It’s disruption by design—with enormous stakes.
How so? Geopolitics is the analysis of the geographic influences on power relationships in international relations. Who are we improving relationships with? Our military spending and benevolence have always gave us preferential status when push came to shove. It’s made our debt much more easily to obtain than from any other country ensuring the dollar remained the reserve currency. I don’t see any geopolitical advantage except that we may be more self-sustaining. But isolationism is a dangerous game. See World War II for what happens when you ignore what goes on in the rest of the world.
If it works, it’s a defining success for Trump:
→ Debt under control (7% of GDP Today huge deficits)
Not with his tax plans. And god forbid he sends everyone a check to maintain the show? We saw what kind of price gouging by American companies and inflation that resuled during covid.
→ Manufacturing reborn (takes time if it is even possible)
It simply ain’t going to happen for the reasons I listed above. Throw in the time factor and forget about it.
→ Global leverage restored (Not militarily we already have it, with Trade no cheating)
And what does that get us? Slightly more profit margin for our corporations and government. You can get the same by reducing aid to these countries. Or through sanctions. Not by burning bridges with your century old allies.
→ Trumpism vindicated in 2026 (Democrats are wringing their hands in anticipation of a win here, it might not come fully)
This is true. And it is always best when split power creates better checks and balances.
If it fails:
→ Inflation (Already here can it get worse?)
→ Retaliation (Canada cutting off energy? It’s being discussed)
→ Lost midterms (Lots of pissed off people )
→ Strategic drift (No longer friends with many countries)
18 months to find out if this massive gamble even begins to pay off.
I know we are in the heat of the moment. But so far, Trump has thrown a shitload of pasta at the wall and all we have ended up with is a spaghetti pile on the floor. Of course, it’s the best organic homemade pasta. Not made by the hands of crime-infested immigrants, but by hard-working, American born citizens and farmers who are the envy of the world.
NFTs as art is the funniest thing I have ever heard from you Pumps.
Tell that to the fully tatted dude I met in Costa Rica with ExPat who was planning to retire off of his two monkey cartoon drawings. He even gave me two stickers of them for free.
https://tinyurl.com/bdf8htwz
Holy shit, today is worse than yesterday!
This is like a gender reveal gone wrong.
Pumps NFTs failed because of the belief gap.
Same with other crypto assets…a belief gap that is too large isn’t going to be crossed. A majority of Americans are not confident in it’s future. Probably even more so that Trump is now pumping it too.
Kock yourself out Diamond Hands.
TikTok lives!! Another 75 days anyway..
Lib – And what does that get us?
I will quote the Oracle of Omaha…
“A world that adjusts to something very close to free trade … more people will live better than in a world with significant tariffs and shifting tariffs over time.”
Won’t happen however people are simply too greedy…
Meanwhile I eat my Poke and think….I’ll pay 2x the cost of McDonalds for something that is clearly “better” for my waistline and cholesterol than a crappy (no $10 burger combo). I even splurge for the Mexican Coke with the real sugar in it.
Choices people! I’ll drive my Japanese-made Subaru Outback for another 100k miles because it runs just as well as it did the day I bought it in 2018 and it’s paid off.
I’ll even keep my ol’ Bimmer which has a “book value” somewhere around $10k because it runs great and offers more smiles per miles than anything else that I can think of on a sunny day!
God Bless America.
Life is great folks! Lib gets it. Many on the board absolutely get it. But it’s filled with choices. Money helps, but good sense trumps that.
the idea you’re going to reshore this type of manufacturing is laughable. wheat timbs would cost $500 if made here. basic vans would be $200. a north face jacket would be $750. americans are not paying that kind of money for clothes and shoes.
-Derek Guy
Went to my local Ikea today to get a couple of mattresses. Finishing up the 2nd bedroom in the neighbor’s house we bought. First visitors arriving at the end of the month from Ridgewood. Hopefully our place will be up to Ridgewood standards. We do have a train station in town so there is that.
I buy most of my clothes from eBay….some are used. Just sayin. 11th commandment….never pay retail
Tik Tok gets a 75 day extension. Kiss the ring and it all can be yours.
Enjoying the show? You should have been as smart as De-Fence and bought Nike.
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.
So I’m assuming they bought the panels, likely from some company that wasn’t Sunrun and Sunrun later bought the contract. I would still peruse the contract. The way I got them was I was able to nullify the contract if I wanted to because they didn’t put them back on my home within 30 days. To be honest, the company is a complete mess and can’t keep track of anything. I was able to get a year of free power out of them without them billing me.
Every baseball card I’ve ever owned is just about worthless other than my Ricky Henderson rookie. Sometimes things are just trash.
BRT,
Captain Cheapo is proud.
So, by destroying my 401k, losing my job, and paying higher prices
is the only way to improve my 401k, get a job, and pay lower prices?
sounds very logical and reasonable
2:36 it sounds like your case was fairly “special”, I will investigate, but it all seems fairly cut and dried. We’ll make up for it on the sale, but yeah, it’s a big pain. The “contract buyout” represents the remaining years on the contract that we are apparently obligated to fulfill. My caveat is to stay away from solar and not to commit to some stupid long term deal with these vultures.
DOW DROPS 2,000 POINTS AS TRUMP TARIFF MARKET ROUT DEEPENS: Live
Art is art….eventually they will find value in some of the original nft’s. Was the mona lisa valuable the day it was painted? Art takes time. Prob when these og nft buyers get older, they will get nostalgic over it, and drive it up. Again, I don’t want to touch nft’s, but I am not going to call it worthless.
Nocal….I am sick in the head. I actually enjoy mcds over most foods. I guess because i know i can only have it on occasion. I don’t eat meat often, mostly salmon.
Now here’s the big question? Redeploy a little this weekend ahead of a Trump Tariff cancel or wait longer. I’m gonna go up to 30/70.
Norcal, don’t you have an attorney in the family or friends? Just have the read through it.
The entire global economy is melting down in real time and Bitcoin is basically flat for the past week. Just saying.
Done.
Bought a little AN and SOFI to go with my S&P and QQQ. Just dipping my toes in the water. Center of Nasdaq channel was 16,800. Will keep scaling in until 13,500. And you all thought I was nuts when I originally mentioned those numbers.
Wash, rinse, repeat.
why would he cancel
you reading comments from his supporters in here? they all very happy with the destruction and don’t want turn around
Libturd says:
April 4, 2025 at 3:22 pm
Now here’s the big question? Redeploy a little this weekend ahead of a Trump Tariff cancel or wait longer. I’m gonna go up to 30/70.
3:24 I do. But we probably won’t contest it. It’s a lien against the home and we are about to sell.
Dow drops 2,100 points Friday,
S&P 500 loses 10% in 2 days as Trump’s tariff market rout deepens: Live updates
Putting Solar panels on your house will be like putting a pool in the backyard. When it comes time to sell, fewer buyers will be interested.
Since you’re providing updates to us all, what was the jobs report compared to expectations?
Very Stable Genius says:
April 4, 2025 at 4:01 pm
Dow drops 2,100 points Friday,
S&P 500 loses 10% in 2 days as Trump’s tariff market rout deepens: Live updates
I agree with D-Fens here.
Most people don’t stay in there homes for more than 7 years. Calculate their ROI based on that number. It will never make sense then.
Hey Pumps, BitCoin was over 100K not that long ago. It’s dropped 20% too. The trend is yo friend.
There was a jobs report? HA HA HA HA HA.
Strong growth, but unemployment went up. Now if there is strong growth, why are we all fucking it all up?
Cambodia’s Minister of Commerce, Cham Nimul, proposed cutting tariffs on US imports to 5% down from 35%
Can I have an interest rate cut now please?
Yah I just can’t justify it. Why complicate home ownership any more than it already is?
If there were some green energy magic bullet out there that I could buy, I would do it. I just can’t see bolting those ugly panels to my roof.
Libturd says:
April 4, 2025 at 4:04 pm
I agree with D-Fens here.
Most people don’t stay in there homes for more than 7 years. Calculate their ROI based on that number. It will never make sense then.
Hey Pumps, BitCoin was over 100K not that long ago. It’s dropped 20% too. The trend is yo friend
Argentina 🇦🇷 in final negotiations with the US 🇺🇲 to become the first zero-tariff country.
Where is smallgov? Where is fast eddie?
Are they hanging their head in shame? For all the noise they made they should at least tell us where they are hiding their money.
Can we agree now that Kamal would have done a better job with the economy?
Update: We’ll probably just blow SUNRUN off. Won’t be paying them off. Realtor doesn’t think it’ll matter. Whatever claim they may have is tenuous. Fuck Em.
U.S. goods trade with Cambodia totaled an estimated $13 billion in 2024. U.S. goods exports to Cambodia in 2024 were $321.6 million. U.S. goods imports from Cambodia totaled $12.7 billion in 2024. Wanna do the math on how much money we will save on their lowered tariff? 80 million dollars. That’s 23.5 cents for every American. Enough to buy one egg at today’s reduced egg prices.
Now are we great?
For comparison’s sake the average American has 80K in the market (big mode of course). We all just lost $12,000 for that 23.5 CENTS of annual savings.
Donald will be claiming this a major victory on Trump Social tonight and MAGA will all salivate.
D-Fence,
Shall I do Argentina?
In 2024, U.S. total goods trade with Argentina reached an estimated $16.3 billion, with the U.S. goods trade surplus being $2.1 billion. It’s hard to find the exact amount that Argentina charged us but probably around 10%. I know we charged a 2% tariff on our fuel imports. Figure an 8% savings. So 8% of 9 billion divided by our population is $2.11!
So between Cambodia and Argentina, we have saved enough money to buy a one liter bottle of Coca Cola. Remember. We each lost around 20K on this journey to beverage bliss.
Down only $19,997.70 now.
Keep those victories coming in.
Do you predict there will be more bilateral deals in the coming months or fewer?
Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years
PUBLISHED FRI, APR 4 2025 12:01 PM EDT
-UPDATED 12 MIN AGO
Samantha Subin
Hard to picture Trump turning tail. He has the look and sound of those old guys who get convinced about their delusions and nothing is going to change his mind. He’s been a mercantilist for 40 years and now he’s surrounded himself with a bunch of yes men who also think its a great idea, and tell him what he wants to hear. Trump is such a dipshit he’ll probably start blaming the selloff on evil foreign investors, George Soros, or whatnot, because he’s certainly not going to accept the blame himself, which he’s never done his entire life.
D-Fens,
It will not have been worth it. Trust me. Let me know when there is a deal with Mexico or Vietnam.
I’ll leave the breaking news reports to vsg
Four the past four years FoxNews has talked about the stock market every single day but today they are like “don’t worry about the stock market, take one for the team, keep your mouth shut because the guy with six bankruptcies knows best.
They are not news. They are an entertainment channel.
4 dead soldiers coming, but orange is leaving to entertain at a Saudi-owned golf tournament highlighting one of his golf properties. In the midst of the trillions erased from the market. Where is the outrage of Venom Eddie?
I don’t know that any of us can predict what will happen, but I hope it works. Maybe some of you hope it doesn’t?
We are so fucked.
There was nothing to work.
First they came for the federal workers, and I did not speak out—because I was not a federal worker.
Then they came for the colleges, and I did not speak out—because I was not in academia.
Then they came for the businesses, and I did not speak out—because I was not a business owner.
Then they came for the traders, and I did not speak out—because I was not a trader.
Then they came for the middle class—and there was no one left to speak for me.
5:15 You are so stupid.
When you have people commenting like this (on foxbusiness), there is no hope even in the next election. God bless AmeriKa!
The market will be fine, a recession will lower prices. You do know the economy is cyclical – ever hear what goes up, must come down? At the end of the day – we will be better off especially if the courts stop trying to manage executive action… Get a grip
A recession will affect those who supported Trump. Vital areas with thriving economic climates will still have expensive real estate. It’s the other crap holes that will get worse under this administration. FAFO time in America. Are we Greeeeeat yet??/
Maybe, I’d bet real estate in the Washington DC area will not fare well. Pretty sure those areas are as blue as they come.
NorCal – You are an fuking communist not a capitalist…Did you put them on the roof and sign a contract or did you assume the lease from the previous homeowner? The new buyers should be taking over the lease…
It also depends allot on the contract but they could actually repossess the panels. Not paying will be a hard ding on your credit and they could still sue you for the balance. You can expect to be sent to collections and having debt in collections fucks your credit harder than time…..
My opinion only but Suzy the Realtor is the last person I would be taking any advice from. She screwed up here…Sue her ass if you are a real capitalist…
Outside grilling chicken this evening and I hear the humm of a pool pump. Seems my neighbor opened his pool today….A bit early for sure but he and his wife are sun lovers they will probably fire up the heater this weekend even if it’s cold and raining….
Interesting.. The world now hinges on a TikTok deal or no deal…
“ByteDance representatives called the White House to indicate that China would no longer approve the deal until there could be negotiations about trade and tariffs”
https://apnews.com/article/trump-tiktok-china-bytedance-social-media-tariffs-665e46fd5bb555e97c4d7301e07230df
We live in the dumbest timeline
D-Fens,
I think my solar deal might actually make it more appealing. I don’t own them, I just purchase the power they generate at a fixed priced that is capped at 1.9% growth each year. Currently at 13.6 center per kw hr. At year 20, there is a purchase option or they just come down. Was never a dime out of my pocket.
NorCal, just speculation here, but it sounds like Sunrun bought whatever company initially installed the panels, and they are so backlogged on all their crap that it took them years to realize and just sent you a threatening letter to try to solve their pickle quickly. That’s what they did to me without even realizing that they took my panels off for me. I even had a Sunrun rep in my house showing me potential installation options a week before their dumb case manager sent me a threatening letter.
There is zero communication through all levels of that company. Nothing but turnover as well. I still have reps from Sunrun come by my house to try to convince me to install panels and they are amazed when I tell them I already have them and they own them. The guys that did my reinstall (from another company) were subcontracted by them and told me a million stories of how stupid they are.
Here’s what I would do. I’m assuming they were responsible for some sort of maintenance until the panels were paid off. They likely were in default of their contractual obligations if that much time went by without them contacting you about the panels. I actually went through my contract and showed them how they were in default of the contract seven ways until Sunday and got the rep to immediately rescind the letter.
The real estate agent/attorney you used is a whole other bag of worms.
There is no debt problem.
Government spending is not out of control.
We are fine if other countries don’t want our exports and put up barriers to trade.
We should allow an unelected body in Brussels to set our Trade Rules.
The UN is a force for good..it prevents wars we should cecede our veto to them.
Extra taxes in the USA is the price of freedom for the whole world.
We should be the world police.
All our extra production should be given away.
Grandma and Grandpa should all get heart/liver/lung transplants if their organs are failing. So what they smoked…It should not be a consideration.
Our neighbors should be allowed to traffic large amounts of killer illegal drugs into our country, it’s the price of good relations.
We take in more immigrants than any other country since the beginning of time. That is not enough. There should be no visas or barriers to entering the USA. All are welcome including murders, rapists, the insane and critically ill.
It’s ok to bankrupt our grandchildren and great grandchildren. It’s to save all of the above.
So, yea, lets elect a madman with no scruples to nuke the world’s economy.
Nuke? More like a scratch on trade….
Leader of the WTO says only 1% less trade.. Are you saying she is wrong?
https://www.tbsnews.net/world/trump-tariff-could-lead-contraction-global-merchandise-trade-volumes-1-year-wto-chief-1107406
I am saying you are picking and choosing stories that will comfort you.
Pick? I have been a talking about these topics for decades.
I am the last one to use histrionics….here or anywhere else.
You just don’t like the message. It is not even my message..I am not picking stories that are in the MSM…it’s far from my job to do so…
8:29, I used a little help from ai, because I’m not an economist:
A slowdown in trade would not solve these issues and, in many cases, would make them worse:
1. “There is no debt problem.”
Reality: The U.S. has $34+ trillion in national debt, and reducing trade would shrink the economy, leading to less tax revenue and more borrowing.
2. “Government spending is not out of control.”
Reality: Cutting trade won’t cut spending. In fact, if businesses suffer from lost exports, the government might increase spending (stimulus, bailouts, unemployment aid).
3. “We are fine if other countries don’t want our exports and put up barriers to trade.”
Reality: If U.S. exports decline, millions of jobs in manufacturing, farming, and tech would be at risk. The U.S. exported $2.1 trillion in goods in 2023—losing this would devastate industries.
4. “We should allow an unelected body in Brussels to set our Trade Rules.”
Reality: The U.S. is not under Brussels’ control (the EU makes trade rules for its members). The real risk is that if the U.S. withdraws from trade agreements, other nations will set the rules without us, making U.S. exports less competitive.
5. “The UN is a force for good… it prevents wars, and we should cede our veto to them.”
Reality: Trade slowdown won’t change the UN’s role or affect the U.S. veto. If the U.S. disengages from global trade, it could lose influence over international policies, making the world less stable.
6. “Extra taxes in the USA is the price of freedom for the whole world.”
Reality: Less trade could lead to more taxes, not fewer. Why? A shrinking economy means lower tax revenue, forcing the government to increase taxes to make up the difference.
7. “We should be the world police.”
Reality: Reducing trade doesn’t change global conflicts. If the U.S. weakens its global economic ties, other nations (like China) will fill the power gap, possibly making the world less safe.
8. “All our extra production should be given away.”
Reality: The U.S. isn’t just “giving away” production—it exports goods for profit. If exports decline, U.S. businesses suffer and workers lose jobs.
9. “Grandma and Grandpa should all get heart/liver/lung transplants if their organs are failing. So what if they smoked…It should not be a consideration.”
Reality: Healthcare costs wouldn’t improve if trade slowed down. In fact, many medical supplies and drugs are imported—so cutting trade would increase costs.
10. “Our neighbors should be allowed to traffic large amounts of killer illegal drugs into our country; it’s the price of good relations.”
Reality: Drug trafficking is a law enforcement issue, not a trade issue. Cutting legal trade won’t stop illegal smuggling—it just weakens the economy.
11. “We take in more immigrants than any other country since the beginning of time. That is not enough. There should be no visas or barriers to entering the USA. All are welcome including murderers, rapists, the insane, and critically ill.”
Reality: A weaker economy means fewer jobs, making it harder for immigrants to support themselves. Immigration policy is separate from trade policy—one doesn’t solve the other.
12. “It’s ok to bankrupt our grandchildren and great-grandchildren. It’s to save all of the above.”
Reality: A trade slowdown would increase government debt, not reduce it. The only way to reduce debt is economic growth, which requires strong trade and productivity.
Final Thought: Trade restrictions and economic slowdown won’t fix these issues—in many cases, they’ll make them worse by shrinking GDP, raising costs, and reducing global influence. Would you like to explore better solutions to these issues?
Rent -Ai is useless.
Do you really think the trade negotiations won’t end and soon? I have spelled out the useless WTO and how now China has to resorted to using TikTok as an an advantage.
REALLY WHAT MORE DO YOU NEED?
Have you no patriotism? Did you forget where you have the privilege to live…….
Yes I know it’s tough to swallow, but please take a look at what is going on in Canada.. They are using this to split up. Premier of Alberta now supports Quebec becoming it’s own “country”.
My point is look elsewhere for news. You actually might find it “enlightening”…
Do you predict there will be more bilateral deals in the coming months or fewer?
Assuming that is Trumps goal (he has said the opposite- that the tariffs are not a negotiating tactic) maybe Trump should just go back to the TPP (Trans Pacific Partnership)?
Accomplishes much the same thing, but without all the chaos.