Stock Market is f*cked

[QUOTE=TheMan;14985516]That tax cut the GOP want to give to the rich (again) won't do that[/QUOTE]

No but we'll see what actually gets written up.

Do I think it's possible to balance the budget? No... too much wasted money, but in all honesty the country as to start somewhere. If every president makes such an attempt it is possible IMO.

The American people will have to continue to pay and possibly pay more taxes no doubt... but our expenses obviously need to be cut first. I see that happening despite all the backlash... Trying to get something for the money we've invested in Ukraine is a start, but it too needs to have a goal/pullout in mind. I don't know how more people don't respect that decision. The Mineral rights were estimated to be what, 500B up to a trillion? That certainly helps... A 20% tariff is 3 trillion over a ten year period and raise taxes on average 2k per household ([URL]https://taxfoundation.org/blog/trump-tariffs-revenue-estimates/[/URL])

Our expenditures have never had anything to do with our tax intake. The only reason we even take taxes is to keep inflation in check. And inflation is the only negative byproduct of Federal Spending. There is no reason to pay off the national debt, not the domestic part that we owe ourselves anyway. Foreign debt is another story but that has been pretty steady and not out of control.

The problem Trump has though is due to tariffs he will see inflation rise, and then the Fed is once again going to have to turn off the water tap. Because inflation is the only reason to keep spending in check.

Ukrainian/Russian peace is gonna overshadow this stock market beatdown. Watch.

[QUOTE=Doomsday Dallas;14985549]Ukrainian/Russian peace is gonna overshadow this stock market beatdown. Watch.[/QUOTE]

Well it should.... the war has gone on for years and we've had a huge financial participation in it. The stock is obv. volatile given what's been going on and what will continue to go on for some time. One of those is expected and the other is not... saving lives is important and rightfully should make headlines.

"Headlines" aren't really a thing any more.

[IMG]https://i.redd.it/k59ut6q2b3oe1.jpeg[/IMG]

Don't forget the MAGA's talking point.

This will only cause a little minor pain at first.

[i]The U.S. stock market has lost $4 trillion in value since Feb 19.[/i]

[IMG]https://i.redd.it/waqj5ddkm4oe1.jpeg[/IMG]

[QUOTE=rawimpact;14985510]This is what is needed. Reduce debt, balance the budget.[/QUOTE]

Yeah and you do that marginally.

Let's say you have 2 departments: d1 and d2; I have 200 employees in d1 and 300 in d2, I move 50 employees from d1 to d2 to see how efficiently both run and if not much has changed then obviously d1 was inefficient and are able to pick up the slack and d2 just becomes less efficient as they become bloated with a larger workforce, then cut 100 employees in d2 and see what reactions that causes. Cuts like this require testing, corporations do instant layoffs all the time because it raises stock prices and they can borrow against that increase, but when the govt does that what do they do?

The economy spits out a killer CPI report today and the market is just limp. During Biden's term this same report made the market shoot up with joy and had MAGA cultists putting on their tin foil hats calling the numbers fake.

Horrible sign.

I suppose good inflation numbers don't matter when you understand the coming tariffs are going to cause inflation and usher in a recession.

This thread will age like milk. Look at the forest not the trees. A global industrial shift is being actively cultivated as we speak. If you've any kind of savy to what's been going on you'd know instability is expected, as step one is literally to be actively rocking the boat - on purpose. It's a shakedown of industrial framework. Trump actively seeks for methods to heavily penalize industries that jump or operate overseas and heavily incentivizes ones that will commit to operating within the US border. Chaos today - maybe, sure, but... prosperity tomorrow? Absolutely. That's the plan at least, get it?

And unlike traditional bureaucratic strategies bogged down by endless back and forths and tepid steps in the right direction Trump moves fast and makes aggressive moves, kinda freaks a lot of people out especially the ones in government used to working so damn slow. The way he's moving the waiting period for things to stabilize doesn't have to be 10 years out. He's been quite clear with all his rhetoric that he intends for nothing less than rapid progress to the tune of by mid term he wants to be reporting back W's for everyone especially his critics. Critics you know his ego is big right? Well, that ego wouldn't accept it any other way than for a result by mid-term.

The democrats idea of "more jobs" has always been bloating the shit out of the government or adding government contracts. This is stupid and is and always has been unsustainable, because these government people are all paid off of taxing the crap out of the working class many of which have been struggling to make ends meet in the private sector lest they jump from private to government themselves but this is an ultimately unsustainable economy. Everyone can't work in the government or what are we even governing anymore? If industry and private sector jobs keeps bleeding to fund the government then the money will run out. Look at Greece FFS.

Trumps plan is brazen - as far as the tariffing goes - it's much more aggressive than I've seen before (usually it's just cutting red tape and incentives etc) but that's exactly what the American people voted for when they voted for Trump. Something brazen to not just lean towards a course correction, but rather to leap far ahead into a course correction because many felt we went so far off the rails. The idea is so vastly superior to any crap I've ever heard from any Democrat's economic plan ever. If you think I'm wrong - go ahead and list Kamala's plan? Biden's? What was Obama's economic plan?

"we've got to bolster the middle class!" *Kamala's voice*... - the **** does that even mean. GET THE INDUSTRIES BACK HERE. This big picture strategy is bold, a bit risky, but will likely end up a really good thing if you're in the US (and willing to work the private sector). If you are from another country that greatly benefited from unfair US trade practices in the past, or worked a lazy US government job, yeah, you'll have to work harder now and might actually have to try to compete for a living for a change. Terrible I know.

[QUOTE=Off the Court;14985741]The economy spits out a killer CPI report today and the market is just limp. [b]During Biden's term[/b] this same report made the market shoot up with joy and had MAGA cultists putting on their tin foil hats calling the numbers fake.

Horrible sign.

I suppose good inflation numbers don't matter when you understand the coming tariffs are going to cause inflation and usher in a recession.[/QUOTE]
Inflation was at 9%

None of you stand for anything. You have no values. No morals. No sense of right and wrong. You just want what's going to benefit you and that's it.

The same people that piss and moan about corporations taking over everything are the same ones that will cry about said corporations losing value in the market.

Blah blah. Wheel of shit, lol. Drill down on anyone and you will find that nobody actually believes anything.

Almost every economist on the planet agrees that free and open trading benefits the economy of all involved the most. Tariffs are just an indirect form of taxing the population. And it has become clear that Trump prefers this over taxing the wealthy because he has far less control over our actual tax dollars. When he collects it all ion the form of a tariff he can do what he wants with that money.

In order to believe in this, you have to buy into trickle down, and now that the wealthy are richer than they have ever been it is pretty apparent that trickle down doesn't do anything for the middle class or lower class who are further separated from the wealthy.

[QUOTE=Hey Yo;14985754]Inflation was at 9%[/QUOTE]

He inherited the covid inflation that every country did and then the FED recovered it. It's been in the 2% range for 9 months now.