Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.
This will be an interesting experiment.
America, Inc.
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Re: America, Inc.
There will be a 2-3 week delay before the tariff/tax takes effect due to paperwork and notifications of the seller and buyer of products.HitRed wrote:Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.
This will be an interesting experiment.
Canada, Mexico and China is our largest trading partners. There will be retaliation. Wall Street will be adversely effected, especially once inflation starts and a recession possibility.
Really HitRed....you call this an interesting experiment?
This interesting experiment can result in a recession or worse. We already experimented with tariffs in 1930 which made the depression worse.
https://www.investopedia.com/terms/s/sm ... ff-act.asp
Re: America, Inc.
Recession is already baked in.
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His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.
It should be an interesting experiment.
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His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.
It should be an interesting experiment.
Re: America, Inc.
HitRed wrote:Recession is already baked in.
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His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.
It should be an interesting experiment.
Please explain how the recession is already baked in. Oh...I see! It's all Biden's fault!
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jusplay4fun
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Re: America, Inc.
You are FINALLY getting it, pee-rat.Pack Rat wrote:HitRed wrote:Recession is already baked in.
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His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.
It should be an interesting experiment.
Please explain how the recession is already baked in. Oh...I see! It's all Biden's fault!
JP4Fun
Re: America, Inc.
You should increase tariffs on Canada, we export beef and oil, those items need to be more expensive.
Interesting experiment, $75 steaks, gas $30/gallon. Cheeseburger? $20.
You'll somehow blame Biden.
Interesting experiment, $75 steaks, gas $30/gallon. Cheeseburger? $20.
You'll somehow blame Biden.
Re: America, Inc.
Steve Hanke
https://fred.stlouisfed.org/series/fedfunds
Since 1980 when the Fed raised rates then reversed rates the gray areas (recession) happened. It’s a strong correlation. The number of months till it happened varies. We are long in the tooth to have one.
Re: America, Inc.
Interesting article of trade between the provinces.
Canadian booze-makers hope U.S. tariff threats help smash trade barriers at home
https://www.cbc.ca/news/canada/british- ... -1.7444161
Canadian booze-makers hope U.S. tariff threats help smash trade barriers at home
https://www.cbc.ca/news/canada/british- ... -1.7444161
Re: America, Inc.
Billionaires will look after your best interests, lol.HitRed wrote:Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.
This will be an interesting experiment.
Re: America, Inc.
HitRed wrote:
Steve Hanke
https://fred.stlouisfed.org/series/fedfunds
Since 1980 when the Fed raised rates then reversed rates the gray areas (recession) happened. It’s a strong correlation. The number of months till it happened varies. We are long in the tooth to have one.
You like correlations? Recessions since World War II have happened under Republican Presidents.
https://www.jec.senate.gov/public/index ... presidents
Re: America, Inc.
It's true that we are way overdue for a recession.
Until this nonsense happened, however, it was supposed to be a relatively mild recession.
The tariffs have a chance to turn a mild recession into a catastrophe. Don't need to remind people about Smoot-Hawley, I'm sure, and the root causes of WWII.
Until this nonsense happened, however, it was supposed to be a relatively mild recession.
The tariffs have a chance to turn a mild recession into a catastrophe. Don't need to remind people about Smoot-Hawley, I'm sure, and the root causes of WWII.
“Life is a shipwreck, but we must not forget to sing in the lifeboats.”
― Voltaire
― Voltaire
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jusplay4fun
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