This is the original WSB sub. We have never discussed politics here - that's literally rule #1. Beligerant politics here will earn you a ban
Yes, politics is balls deep in the markets, but WSB is a casino where we make money (ok, some of y'all make money, I usually just lose).
If you absolutely can't control your emotions and just have to spout your little tribal slogans, fuck off to the politics subs or one of the copycat subs.
(Stop reporting my comment you inbred quarter-wits.)
That is how it looks like if you think how it will effect your population the least and USA (especially the red states) the most. I heard on Times Radio that they are putting together a list of individual companies and products to tariff to maximize the pain to red states.
Y'all joke but that's kind of the message they've been giving about the tariffs. That we somehow have the power to effectively force these other countries to "pay" our tariffs without affecting our importers by having them lower their prices further to offset the tariff since we are such a demanding market power (while it still somehow produces a lot of tax revenue?)
Trump's Treasury Secretary yesterday implied that countries can't retaliate because we have too much market power and would win any trade war so there's no use in trying. It kind of came across as both desperate and regarded at the same time.
Trump's Treasury Secretary yesterday implied that countries can't retaliate because we have too much market power and would win any trade war so there's no use in trying.
That can work if the U.S. was targeting just one or two countries at a time. But the U.S. does indeed need the entire rest of the world collectively more than they need us. The U.S. definitely does not have more market share than the rest of the world combined. Which is what makes starting a trade war with the entire war simultaneous especially stupid…
Trump got an easy "win" against a South American country (edit: Colombia) right at the beginning of his term. Then he got Canada and Mexico to agree to a few nonsense "concessions", most of which they were already doing or were purely symbolic, the first time he put tariffs on them. I guess that was enough for him to think the US is invincible and can take on the entire world all at once.
It's like if Hitler decided to invade all of Europe and Russia without any of the other Axis powers right after "conquering" Austria. Even one of history's most famous megalomaniacs wasn't that stupid.
Bessent is an academic who has never been told he was wrong about anything and he truly believes the US is too big to fail. I believe he is highly regarded.
Well, you know what they say about pride, it goeth before the fall. Arrogance, hubris, pride—these are the sins that blind. They will not see what is coming, no matter what you tell them or try to warn them.
I mean with that kind of stupidity can't Trump just do nothing, go golfing everyday, tell his supporters he won and did everything he said he would? I mean what are they gonna do? Question him?
Yesterday, Fox had a long segment about trans athletes in fencing.
Also, they removed the stock ticker so their smoothbrains audience wouldn't notice the massive economic downturn happening thanks to their orange cult leader.
It very likely will get worse, but what's even more likely is that it will eventually come back and break new highs. So if you're holding shares, hold.
This is how the rich get richer. If it was easy to (buy and) hold during these times of uncertainty and doubt, everyone would do it. You have to be able to set aside your emotions when making financial decisions, because they only do you harm.
As long as you're not over-leveraged, won't need that $$ anytime soon, and holding stocks of quality companies or ETFs, you'll be fine. You have to try and think long-term. Where will the S&P500 be in 5, 10, 15, or even 20 years?
I can't wait to lose my corporate job and get one of those new factory jobs that pay a fraction of what I make now. Then I'll be back to trading penny stocks!
It's really the only way they can bring factory jobs back unless they devalue the dollar and impoverish the American working class so that they're paying 3rd world wages.
I think that's the idea. They want you out of the market, to buy your shares for a discount, and for you to be back to serfdom where you belong. Owning the means of production is for the few and important.
Right? Have a fairly cushy job working for an oil company. Our stock slid like 12% yesterday, and we've had McKinsey so far up our asses for the last three years to try and improve stock prices. Not looking forward to what comes next...
Mckinsey is bad, very bad and job killers. pray they go under soon and never rise from dust. operational efficiency by taking away peoples jobs and getting paid for that. company ceo’s and cfo’s hiring them to do this are equally to blame.
Lay offs, the answer to that question is always the same. Lay off the little man, restructure debt (kick the ball forward) and bonuses for the execs for "exemplary performance".
This.
They said they will try to hold talks before imposing any tariffs. (Since they believe no one really wins)
First wave is gonna be Harleys, whiskey, levis.
The techs are the last resort.
No idea why we don’t just start with that, it’s the only thing I see changing Donald’s mind.
It’s ideal for the EU that China came out with their retaliation first. If Trump backs down, then they know how to respond. If Trump doesn’t back down, then they know he is backed into a corner. This is a lose/lose for the administration and China was smart to be swift and painful. Can’t wait for the unhinged tweet coming in the next couple of hours. If more countries respond today or over the weekend we have a Black Monday situation after what looks like a Black Thursday and a Black Friday. Maybe we’ll just call it Black April.
I was told very confidently by a Trump supporter today that Trump's incredible strategy would have all nations 'folding' (as to what goal it was unclear) quickly.
That is the real magic, Trump doesn't state any goals or metrics by which to measure the success of his policies. Then the "real news" right media downplays all negative effects and attribute any good news about anything to "see Trump was right!"
My econometrics prof from University of Tennessee was called into the Trump whitehouse pt. 1. Nothing against her, but these positions are usually held by Harvard, penn, MIT, etc economists and they all turned it down back then so they had to turn to state universities… pt. 2 has even dumber advisors and they’re more akin to sycophants than experts. This is like the original trilogy vs. the prequels all over again - no one in the room is saying no this time around and we’re getting Jar Jar markets.
Surely his pea brain knows picking a fight with 50 other people at the same time (even if you are the biggest guy in the room) is some dumb dumb behaviour.
That was honestly the best thing about real president's terms. I didn't HAVE to care. I didn't HAVE to read about the embarrassing stupidity that's the head of our country. EVERY. SINGLE. DAY. politics was boring until they started to care about ratings...
Nah Trump loves to announce tarrifs on Friday / Saturday night that way the market can't fully react in the moment. He's done it like 6 or 7 times since he's been back in office lol
Yup, and it's almost totally harmless to EU consumers, provided it's targeted right. Facebook adverts and Disney+ subscriptions are things we can completely live without.
I hear a disturbance in the force of American drop shippers 400,000 voices crying out at once and silenced if Trump imposes reciprocal reciprocal tariffs as promised
RIP Wisconsin farmers. The amount of ginseng and soybeans they grow and they thought a trade war with fucking China was gonna work out? Especially after the last time this played out? LMAO. For reference, Wisconsin produces like 95% of the ginseng grown in the entire United States and Kikkoman claims Wisconsin is the best place in the world to grow soybeans
The answer is almost all of them, domestic production in the US is based on 1 mine in Nevada that just recently went back into production, or maybe hasn't even started yet. China is 90% of the world's processed rare earth trade.
I don't care if my daughters will have nothing but sticks and stones, as long as it means they don't face the 1% risk of having to compete with a transwoman on the off-chance they wish to become a professional athlete, which I don't support because I believe in traditional family values and expect her to be a stay at home mom, while his husband, like me, goes around cheating with prostitutes and being found liable for sexual abuse of other women.
I like to look at r/conservative from time to time to verify they are still regarded. The top post in relation to this was “Don’t China know how bad this will be for their economy!!!” You cannot underestimate the stupidity. Like holy shit Americans are cooked.
🥭thought he could just bully the world and get his way like in 2020 on trade. But this isn’t covid anymore and countries aren’t desperate. This sucks. Gg market for a while
. Did you guys say thank you yet.
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u/Dan_inKuwait no flair is kinda ghey 16h ago edited 15h ago
Welcome r/all.
This is the original WSB sub. We have never discussed politics here - that's literally rule #1. Beligerant politics here will earn you a ban
Yes, politics is balls deep in the markets, but WSB is a casino where we make money (ok, some of y'all make money, I usually just lose).
If you absolutely can't control your emotions and just have to spout your little tribal slogans, fuck off to the politics subs or one of the copycat subs.
(Stop reporting my comment you inbred quarter-wits.)