Tariffs

MWB said:
You are right, you don't lose until you take it out........

But if you put all of your money in a money market account and only transfer it to the market once a year or so. You defiantly got a big gain when you removed it from the Cash collum into the investment collum this morning.
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Did it two Weeks ago, no fees for moving accounts around,
Last time i lost $100,000 in 2008,

Loss is loss, not looking for a Rebound, will move it back it to the same ETF after the markets stabilize, I left 1% in the 4 ETF i had, and if i would have kept it all in, then it would have been a $60,000 down fall, moving them into a US treasury account only took a $3,000 hit.
 
I'm not so sure that the approach taken is as haphazard as some might think. I think there is a lot more at play here than just simply a tariff war. There are many other barriers to trade than just tariffs for example, Australia totally bans beef imports from the US while exporting billions of pounds into the US. No tariff on their part.

You could take a scalpel to try and remedy the inequities which would take years if ever to complete, or you can burn the motherfucker down (or give that perception) and resolve the issues in short order so the US can really benefit in a much shorter period of time. Pick your medicine!

As far as the markets, they have been reacting like a teenager girl going through puberty, acting on emotion rather than fundamentals. A case in point, about a year or so ago the tech sector took a dip and market analyst and financial news were all saying the tech industry, primarily chip makers, was contracting pointing to a possible recession on the horizon. The real story, the large institutional investment firms were just rebalancing their portfolios to abide by their investment guidelines in respect to limitations on how much any one stock can be as a percentage of their overall holdings. So they HAD to sell these shares to be compliant with their own investment rules (think NVIDIA and TSM). After the truth of the sell off came out, they quit prognosticating about that subject and moved on to their next panic subject and those shares bounced back quite nicely! I have done the same myself, I bought NVIDIA, Tesla, and TSM 5yrs ago and have rebalanced my portfolio 3 times in the last couple yrs, and fuck ya, I'm bragging!:ROFLMAO:
 
THD said:
I'm not so sure that the approach taken is as haphazard as some might think. I think there is a lot more at play here than just simply a tariff war. There are many other barriers to trade than just tariffs for example, Australia totally bans beef imports from the US while exporting billions of pounds into the US. No tariff on their part.
:ROFLMAO:
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It's actually perfectly legal to import American beef to AU, they just haven't done so since 2003 (Mad Cow) due to biosecurity concerns . . .
 
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
 
South Bay said:
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
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Gas pricing makes no sense with the cost of oil these days. I am sure Gov Newson will make up some BS excuse.
 
South Bay said:
It's actually perfectly legal to import American beef to AU, they just haven't done so since 2003 (Mad Cow) due to biosecurity concerns . . .
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I stand corrected, and as a matter of fact beef has been approved for import from the US since 2019.
Bad example on my part, but there are other barriers that hurt or make it difficult to sell imported US goods.
 
South Bay said:
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
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Exactly, Last week you were paying $7 for a Widget made in China, next to that Widget was one made in the USA for $7.99. Now after Trump tariff's the Made in China one costs $14 don't be surprised when the Made in the USA one costs $14.99 soon.
 
South Bay said:
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
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Gas prices in CA have very little to do with crude oil prices. Now, they will raise them when crude raises, but they will not lower them. Refinery shut downs, blends, additives, those all drive up our prices. You can thank Liberal Progressive Democrats for gas prices in CA....they own it.
 
Realbadlarry said:
Gas prices in CA have very little to do with crude oil prices. Now, they will raise them when crude raises, but they will not lower them. Refinery shut downs, blends, additives, those all drive up our prices. You can thank Liberal Progressive Democrats for gas prices in CA....they own it.
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stephenheins.substack.com

“California’s Dangerous Path: Oil Refinery Takeovers and the Coming Supply Crisis” By Charles Rotter

“California’s energy policies have been walking a tightrope for years, but now, the state is contemplating an extreme measure that could tip into full-blown crisis mode: taking over oil refineries.”
stephenheins.substack.com stephenheins.substack.com

The Phillips refineries in Wilmington and Carson are shutting down soon. Combine that with talks of state takeover of refineries... Yeah. We fucked.
 
I hope Zelden can eliminate the "boutique fuel" bullshit mandated by various states and counties. Other than adjusting RVP/wax point for temperature regionally, all fuel should be one standard nationwide.
 
So now the tariffs are off again? I can't keep up with the stable genius. No one is ever going believe his bluffs anymore. What whipsaw
 
DeepBusch69 said:
So now the tariffs are off again? I can't keep up with the stable genius. No one is ever going believe his bluffs anymore. What whipsaw
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He must of finally listened to the advisors that told him he was going to put the country into a recession and tank the stock market with widespread tariffs versus smartly placed ones. Hence why China is not part of the 90 day hold.
 
Sand Shark said:
He must of finally listened to the advisors that told him he was going to put the country into a recession and tank the stock market with widespread tariffs versus smartly placed ones. Hence why China is not part of the 90 day hold.
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Lol

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I'm sure other countries are feeling that Trump holds a strong hand and they definitely need to accede to his terms.
 
Trump did not cave in. The 10% across the board tariff still stands for 90 days while negotiations are done for those countries that agreed to have talks on trade. IIRC, US tariffs on most countries were about 2.5% prior to Trump starting this initiative. Countries that retaliate or refuse to negotiate will pay a higher tariff rate. That is not a cave.

And you cannot use a single reference point such as the stock markets to determine if a recession is looming. The markets are reacting to headlines which is creating the volatility we are seeing. The real threat this week to the economy was the Treasury auctions and the sell off of foreign owned debt. The auctions seemed to go well but Japan started dumping treasury bonds this week driving up yields and causing uncertainty in the bond markets, and that could have a very negative effect on the economy. I don't fully understand the bond markets, I just read that the impact of our debt being dumped can be disastrous for the economy.

Did Trump take it to the edge before today's announcement, or did he just get lucky? A lot smarter people than me know the answer to that.
 
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