Stock tumble for second-straight day as tariffs take effect
A total of $3.4 trillion in value has now been wiped out since
November 6.
https://www.nbcnews.com/business/markets/stock-tumble-second-straight-day-tariffs-take-effect-rcna194681
Good news for Short Sellers:-)
ALl those tariffs equalled
More Bad Polls Land
On Tue, 4 Mar 2025 21:51:43 +0100, D <nospam@example.net> wrote:
ALl those tariffs equalled
Now the Borg has second thoughts
"Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick
says"
Interesting, if tariffs remain, the state of Texas will suffer the
most
"Because Texas is the origin, destination or transit point of
two-thirds of binational trade, clearly, Texas will be more affected
than other states that are not as integrated," Tony Payan, the
director of the Center for the U.S. and Mexico at Rice University's
Baker Institute, tells Axios."
Trump is learning his lesson the hard way.
Trump is learning his lesson the hard way.
On Wed, 5 Mar 2025 13:33:00 +0100, D <nospam@example.net> wrote:
Trump is learning his lesson the hard way.
Trump may roll back Mexico and Canada tariffs as soon as today
==============
A first class Dummkopf....it shows consequences are not considered.
He's not even close to evaluating consequences...a young adult type of reasoning....that does not consult with others.
On Wed, 5 Mar 2025 13:33:00 +0100, D <nospam@example.net> wrote:
Trump is learning his lesson the hard way.
What we don't know as a fact is if these tariffs are related to
1. Drug trafficking, and/or
2. T-Borg receiving $$$ via exemptions
Trump administration signals that the tariffs against Canada and
Mexico may soon have exemptions
https://apnews.com/article/trump-tariffs-canada-mexico-china-lutnick-2b269614084027a4894aa14f3dc16227
They are tired of politicians who talk endlessly and become filthy rich.
He is a short termist businessman
On Wed, 5 Mar 2025 22:14:36 +0100, D <nospam@example.net> wrote:
They are tired of politicians who talk endlessly and become filthy rich.
Oh, like the T-Borg is not swimming in the swamp's monies. Did you
donate 1 million to dine with him?
Also, I think
there was another part to my message.
This is part of his recipe for success.
Paul Krugman
....
...
What's a rug-pull? A textbook example just happened in
Argentina, where Javier Milei, the president, touted a new
cryptocurrency called $Libra. The currency's price soared as
thousands of small players bought in, while insiders sold
their holdings for huge profits. Then the price collapsed,
leaving small players owning worthless bits of code.
Does this sound familiar? It should: the $Trump coin,
introduced with great fanfare by Trump in January, attracted
billions in dollars from MAGA fans, then quickly lost more
than 80 percent of its value. The great bulk of $Trump coins
were initially bought by a handful of "whales," large
investors, although it's not clear whether their intent was to
scam small buyers or simply to bribe the president.
JAB wrote:
Paul Krugman
....
...
What's a rug-pull? A textbook example just happened in
Argentina, where Javier Milei, the president, touted a new
cryptocurrency called $Libra. The currency's price soared as
thousands of small players bought in, while insiders sold
their holdings for huge profits. Then the price collapsed,
leaving small players owning worthless bits of code.
Does this sound familiar? It should: the $Trump coin,
introduced with great fanfare by Trump in January, attracted
billions in dollars from MAGA fans, then quickly lost more
than 80 percent of its value. The great bulk of $Trump coins
were initially bought by a handful of "whales," large
investors, although it's not clear whether their intent was to
scam small buyers or simply to bribe the president.
Crypto is just a modern day Ponzi scheme...
The only trace of value of crypto is its utility. It is good for:
1. Tax evasion.
On Thu, 6 Mar 2025 22:33:31 +0100, D <nospam@example.net> wrote:
The only trace of value of crypto is its utility. It is good for:
1. Tax evasion.
"The IRS is clear crypto may be subject to Capital Gains Tax or Income
Tax in the US. You'll pay Capital Gains Tax anytime you make a gain
from selling, trading, or spending crypto. You'll pay Income Tax when
you earn new tokens - like mining rewards, staking rewards, and even airdrops."
(WSJ) - The world economy could face a crash similar to the Great
Depression of the 1930s unless the U.S. rows back on its plans to
impose steep tariffs on imports, a senior official at the
International Chamber of Commerce warned
https://www.wsj.com/economy/trade/tariff-war-risks-sinking-world-into-new-great-depression-235fffeb
period of transition
what we're doing is very big
On Tue, 04 Mar 2025 21:33:23 -0600, JAB <here@is.invalid> wrote:
(WSJ) - The world economy could face a crash similar to the Great
Depression of the 1930s unless the U.S. rows back on its plans to
impose steep tariffs on imports, a senior official at the
International Chamber of Commerce warned
https://www.wsj.com/economy/trade/tariff-war-risks-sinking-world-into-new-great-depression-235fffeb
US stocks drop after Trump says he won't rule out a recession
US stocks tumbled Monday, continuing a steep selloff driven by
concerns about the impact of President Donald Trump's tariffs on
economic growth.
All three major indexes opened sharply lower Monday after Trump said
the US economy would see "a period of transition" and refused to rule
out a recession, in an interview that aired Sunday.
When asked on Fox News' "Sunday Morning Futures With Maria Bartiromo"
if he was expecting a recession this year, Trump said "I hate to
predict things like that. There is a period of transition because what
we're doing is very big."
https://www.cnn.com/2025/03/10/investing/us-stocks-drop-after-trump-says-he-wont-rule-out-a-recession/index.html
period of transition
He had no idea of future consequences....differences in wages between
US workers vs low paying workers elsewhere means if jobs were brought
back to US, the cost of these products would be much higher.
what we're doing is very big
Oh, he has a "plan" but does not explain it....he's just playing with
a control panel, and not knowing the end result.
I am also waiting for Musks Icaros moment
On Mon, 10 Mar 2025 22:27:21 +0100, D <nospam@example.net> wrote:
I am also waiting for Musks Icaros moment
He's a Pinball Wizard who does not understand his "accomplishments"
come from standing on the shoulders of giants, and others doing the
grunt work.
https://www.youtube.com/watch?v=288cvHTOn_k
Pinball wizard?
On Tue, 11 Mar 2025 10:25:15 +0100, D <nospam@example.net> wrote:
Pinball wizard?
Tommy (The Who album)
...
...
Synopsis
...
...
As Tommy grows older, he discovers that he can feel vibrations
sufficiently well to become an expert pinball player ("Pinball
Wizard"). His parents take him to a respected doctor ("There's a
Doctor"), who determines that the boy's disabilities are psychosomatic
rather than physical. Tommy is told by the Doctor to "Go to the
Mirror!", and his parents notice he can stare at his reflection. After
seeing Tommy spend extended periods staring at a mirror in the house,
his mother smashes it out of frustration ("Smash the Mirror"). This
removes Tommy's mental block, and he recovers his senses, realising he
can become a powerful leader ("Sensation"). He starts a religious
movement ("I'm Free"), which generates fervour among its adherents
("Sally Simpson") and expands into a holiday camp ("Welcome" /
"Tommy's Holiday Camp"). However, Tommy's followers ultimately reject
his teachings and leave the camp ("We're Not Gonna Take It"). Tommy
retreats inward again ("See Me, Feel Me") with his "continuing
statement of wonder at that which encompasses him".[7]
https://en.wikipedia.org/wiki/Tommy_(The_Who_album)
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