Happy “Liberation Day” aka Economic Disaster Day

[BeaverFever]

Expert from Trump’s own alama mater, Wharton School of business: “this is the biggest policy mistake in 95 years”

 

@Deluge. @gatomontes99  @Nationalist

Edited 16 hours ago by BeaverFever

[gatomontes99]

3 hours ago, BeaverFever said:

LMAO oh right.  Now I remember Trump promising that if you elect him and the stock market will crash like never before. 
NOT

You people will say anything. Pathetic. 

Because you don’t have any coherent point. 
 

 

Stock market crashes are the best time to make money. It will go back up. It's like buying a TV on sale.

But my initial point was that tariffs that are excessive and conditional, force behavior. What's funny is that you guys are arguing that tariffs don't work by telling us how they've changed behavior.

10 minutes ago, Aristides said:

You do that, the sellers want your money.

https://www.bnnbloomberg.ca/investing/2025/04/04/chief-strategist-who-foresaw-tariff-shock-says-worst-is-yet-to-come/

 

So far today.

If they are stupid or desperate enough to sell, I will buy. It's going back up.

[Aristides]

9 minutes ago, gatomontes99 said:

Stock market crashes are the best time to make money. It will go back up. It's like buying a TV on sale.

But my initial point was that tariffs that are excessive and conditional, force behavior. What's funny is that you guys are arguing that tariffs don't work by telling us how they've changed behavior.

If they are stupid or desperate enough to sell, I will buy. It's going back up.

I'm not selling but I'm not buying either. This has a long way to go yet. After the great depression which was largely caused by a tariff war it took 15 years and a world war before it started going back up.

Edited 16 hours ago by Aristides

[gatomontes99]

8 minutes ago, BeaverFever said:

Expert from Trump’s own alama mater, Wharton School of business: “this is the biggest policy mistake in 95 years”

 

@Deluge. @gatomontes99  @Nationalist

In 2018 they said this:

Quote

Trump’s tariff plan is flawed on several fronts, according to experts at Wharton and Fordham University. Trump’s objective to protect the fortunes of U.S. steel and aluminum makers will end up raising prices for those products and hurt all sectors that use them, notably the automobile and energy industries. That, in turn, will depress the stock markets, whose upward climb he has taken credit for, said Wharton finance professor Jeremy Siegel.

https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/us-tariff-plan/

The fact is that steel and aluminum spike momentarily and then came back down to pre tariff levels. USA steel and aluminum jobs increased.

5 minutes ago, Aristides said:

I'm not selling but I'm not buying either. This has a long way to go yet. After the great depression which was largely caused by a tariff war it took 15 years and a world war before it started going back up.

Lmao..ok...Hitler just caused the great depression. Younl guys love your hyperbole.

[Aristides]

1 minute ago, gatomontes99 said:

In 2018 they said this:

The fact is that steel and aluminum spike momentarily and then came back down to pre tariff levels. USA steel and aluminum jobs increased.

The fact is the tariffs had to be dropped after less than a year because the US imports 90% of its aluminum and it was driving up the prices and crushing the industries that use it. 

Edited 15 hours ago by Aristides

[BeaverFever]

13 minutes ago, gatomontes99 said:

Stock market crashes are the best time to make money. It will go back up. It's like buying a TV on sale.

Well that is the bright side a  train wreck. I will remind you this is the opposite of what Trump said would happen and the opposite of why people voted for him. He promised stock markets would go up “on day 1”amd has never said stocks going down was a good thing 

 

22 minutes ago, gatomontes99 said:

If they are stupid or desperate enough to sell, I will buy. It's going back up.

You understand that when markets crash, companies go out of business, people lose their jobs and their savings?  Not everyone can afford to ride it out or buy the dip especially if they are at or near retirement 

[Aristides]

How Trump manufactured his fake tariffs.

This is what happens when you put ignorant dishonest people in powerful positions.

Edited 15 hours ago by Aristides

[gatomontes99]

27 minutes ago, Aristides said:

The fact is the tariffs had to be dropped after less than a year because the US imports 90% of its aluminum and it was driving up the prices and crushing the industries that use it. 

Biden increased Trump's tariffs.

[BeaverFever]

11 minutes ago, gatomontes99 said:

The fact is that steel and aluminum spike momentarily and then came back down to pre tariff levels. USA steel and aluminum jobs increased.

Because those tariffs were REMOVED after USMCA and the US steel and aluminum jobs came at the expense of US industries that buy steel and aluminum. US still imports large amounts of steel and aluminum especially from Canada which still supplies most of your high grade aluminum which Americans can’t produce efficiently due to your high cost energy market. 

3 minutes ago, gatomontes99 said:

Biden increased Trump's tariffs.

Not against every single product from every single country in the whole world

[User]

1 hour ago, BeaverFever said:

Once again: your refusal to comment on the actual topic of this thread other than cheap insults is your silent confirmation that I’m correct. 

Except, I did. My comment is no more a cheap insult to you than yours was. If you say crap on here, my responding to it IS on topic. The very topic you chose to bring up. 

 

[Aristides]

4 minutes ago, gatomontes99 said:

Biden increased Trump's tariffs.

Quote

Though domestic production of steel and aluminum increased, it did not happen fast enough to bring prices back down quickly. The enormous cost and limited availability of electricity needed to power the smelters, for aluminum in particular, was a significant headwind. This lag was a major reason, said Hauk, that Trump lifted the tariffs on Mexico and Canada in June 2019.

 

[Deluge]

1 hour ago, BeaverFever said:

Expert from Trump’s own alama mater, Wharton School of business: “this is the biggest policy mistake in 95 years”

 

@Deluge. @gatomontes99  @Nationalist

Trump did say we don't need anyone, so perhaps this is the time to Cut China off. 

[BeaverFever]

55 minutes ago, gatomontes99 said:

Biden increased Trump's tariffs.

And in fact contrary to your fake news Biden decreased them, which is among many of the facts mentioned in the real news

 

24 minutes ago, Deluge said:

Trump did say we don't need anyone

LMAO you are learning that’s not true in real time

[BeaverFever]

55 minutes ago, User said:

Except, I did. My comment is no more a cheap insult to you than yours was. If you say crap on here, my responding to it IS on topic. The very topic you chose to bring up. 

 

So that was you saying YOU disagree with him?  Is that how MAGAs have to tone down their language to avoid being targeted by MAGA cancel culture?

 

And given the gargantuan size of this policy - we’re the destruction of the American and global economy and THE centrepiece of his entire presidency- how can anyone who agrees that this is massive incompetence say they still support him?  We’re not talking about something trivial like tampons in the men’s room here or an issue where recognized experts and schools of thought are divided on both sides, we’re talking about something of the highest importance and relevance to lives across the country and around the world where practically EVERYONE agrees these policies aren’t just wrong but reflect an unprecedented level of ignorance and incompetence lacking an even basic level of knowledge and understanding

[robosmith]

8 hours ago, Nationalist said:

I have in other threads. Look it up.

So you got NOTHING. Figures.

You're obviously not talking about stocks, so that means you're talking about your houses.

Which take longer to adjust to new market realities, but THEY WILL, you just DON'T KNOW IT YET.

[Deluge]

1 hour ago, BeaverFever said:

And in fact contrary to your fake news Biden decreased them, which is among many of the facts mentioned in the real news

 

LMAO you are learning that’s not true in real time

You don't know shit in real time. MSNBC is for woke cultists only. 

The truth is that we're going to feel some pain for maybe up to two years until Trump gets on top of things, and that beats the shit out of watching the country bleed out under Kamala Harris. 

Edited 13 hours ago by Deluge

[Hodad]

What's happening to people like @gatomontes99 right now is rather sad. 

Campaign: Trump's policies as described and their effects described sound great!

In office: Trump's policies weren't as described and the the effects are the opposite of what was promised, still great!

 

Because they have no grounding in reality. It's simple cultish devotion. Like the notion of papal infallibility, no matter what kind of mess is being made or the harm being done, if Trump did it, it's right. Hail Melania, full of grace. 

Don't look at the news, don't listen to all those economists (heretics!) and whatever you do, don't look at your 401K. Just have faith. He moves in mysterious ways. 

[User]

Just now, Hodad said:

Because they have no grounding in reality. It's simple cultish devotion. Like the notion of papal infallibility, no matter what kind of mess is being made or the harm being done, if Trump did it, it's right. Hail Melania, full of grace. 

You have no room to talk about cultish devotions after we witnessed Biden be mentally unfit to be President or how you hide from people on here when you are called out for the bogus crap you post. 

 

[Deluge]

2 minutes ago, Hodad said:

What's happening to people like @gatomontes99 right now is rather sad. 

Campaign: Trump's policies as described and their effects described sound great!

In office: Trump's policies weren't as described and the the effects are the opposite of what was promised, still great!

 

Because they have no grounding in reality. It's simple cultish devotion. Like the notion of papal infallibility, no matter what kind of mess is being made or the harm being done, if Trump did it, it's right. Hail Melania, full of grace. 

Don't look at the news, don't listen to all those economists (heretics!) and whatever you do, don't look at your 401K. Just have faith. He moves in mysterious ways. 

Hodad just wants to get back to America being the world's doormat - you know, back when the hair sniffer and the rest of the DEI sluts were still in charge. 

[User]

55 minutes ago, BeaverFever said:

So that was you saying YOU disagree with him?  Is that how MAGAs have to tone down their language to avoid being targeted by MAGA cancel culture?

Yes, I disagree with Hodad's absurd generalizations of people being Conservatives. Yes, Hodad has to hide from people here to avoid being called out like this. 

57 minutes ago, BeaverFever said:

And given the gargantuan size of this policy - we’re the destruction of the American and global economy and THE centrepiece of his entire presidency- how can anyone who agrees that this is massive incompetence say they still support him?  

America is not being destroyed. 

The problem is that no matter what Trump does, just winning the election, and you guys are screaming he is literally Hitler and destroying the country. When you are always turned up to max volume on your cries, then that is all you ever sound like. 

I do not support Trumps tariff policies, at least not the mixed messaging and ways he skews trade balance as being taken advantage of like he does. 

If his plan was clearly articulated that he wants truly even tariffs with all these countries and this is simply a negotiating tactic, I am on board. However, constantly saying he is going to make Canada the 51st state, or that tariffs are going to make us money, while ignoring that any money raised by tariffs is actually just a tax on Americans... no, don't like any of that stupid rhetoric. 

How can I support Trump?

Support is not 100% for or against, I support Trump in general and agree and disagree with things he does. 

1 hour ago, BeaverFever said:

We’re not talking about something trivial like tampons in the men’s room here or an issue where recognized experts and schools of thought are divided on both sides, we’re talking about something of the highest importance and relevance to lives across the country and around the world where practically EVERYONE agrees these policies aren’t just wrong but reflect an unprecedented level of ignorance and incompetence lacking an even basic level of knowledge and understanding

Well... tampons in the men's restroom is only trivial to folks like you when we point out the stupidity of it and oppose it. It was certainly important enough for Democrats to push it and defend it and for you to defend it now. 

 

[herbie]

All will be well and good when you buy Alaskan grown bananas and your daughter can work sewing clothes in a NY sweatshop like her great grandmother did in 1907.
Just so long as you believe there will be thousands of American jobs on the assembly line sticking the rubber blades on windshield wipers because the company is so loyal and altruistic they'll build a whole new factory overnight in Alabama and not just raise the price you pay $5 ea.

[robosmith]

3 hours ago, Hodad said:

What's happening to people like @gatomontes99 right now is rather sad. 

Campaign: Trump's policies as described and their effects described sound great!

In office: Trump's policies weren't as described and the the effects are the opposite of what was promised, still great!

 

Because they have no grounding in reality. It's simple cultish devotion. Like the notion of papal infallibility, no matter what kind of mess is being made or the harm being done, if Trump did it, it's right. Hail Melania, full of grace. 

Don't look at the news, don't listen to all those economists (heretics!) and whatever you do, don't look at your 401K. Just have faith. He moves in mysterious ways. 

I am looking at my IRAs and seeing a large investment opportunity for my "too good to be true" strategy.

Since I've been out of the market since the 2nd half of Trump 1, I see these declines as a opportunity to get back in.

Only ASSUMING that Trump backs off or manages to "negotiate" a "success" cause he cannot stand the heat.

That is the biggest part of the gamble this time, so I an only investing in small increments at this time.

[User]

13 minutes ago, robosmith said:

I am looking at my IRAs and seeing a large investment opportunity for my "too good to be true" strategy.

Since I've been out of the market since the 2nd half of Trump 1, I see these declines as a opportunity to get back in.

Only ASSUMING that Trump backs off or manages to "negotiate" a "success" cause he cannot stand the heat.

That is the biggest part of the gamble this time, so I an only investing in small increments at this time.

What do you mean you are looking at your IRA's and see a large investment opportunity...

Where have your IRA's been invested this whole time if you are out of the market?

Nothing you say makes any sense here. 

[SpankyMcFarland]

3 hours ago, Deluge said:

You don't know shit in real time. MSNBC is for woke cultists only. 

The truth is that we're going to feel some pain for maybe up to two years until Trump gets on top of things, and that beats the shit out of watching the country bleed out under Kamala Harris. 

Some pain for two years? I don’t recall candidate Trump promising that. 

[Legato]

39 minutes ago, robosmith said:

I am looking at my IRAs and seeing a large investment opportunity for my "too good to be true" strategy.

Since I've been out of the market since the 2nd half of Trump 1, I see these declines as a opportunity to get back in.

Only ASSUMING that Trump backs off or manages to "negotiate" a "success" cause he cannot stand the heat.

That is the biggest part of the gamble this time, so I an only investing in small increments at this time.

Are the Irish eyes smiling?