For those economics experts out there

[Kaepsknee]

There's a really long form answer out there. I doubt you actually give a shit about it as you just seem to care about winning partisan talking points. In the event anyone does I will do my best to link to some good economics articles explaining.

TLDR version is this: Tariffs and trade wars are bad mmmkay, Trump and his advisors do know this but are using them as the least bad option to negotiate with China. China has already been waging a trade war for 20+ years on us we just haven't been paying attention and/or hoping they would come around on the free trade wagon at some point. Now, we are in a space where in the next 10-20 years China may be able to dictate the rules of world trade(they are already setting up a parallel network to ours). This would be bad for everyone except China and really more specifically Chinese 1%r's. There's also a set of strategically important industries that China is very quickly taking over because of state sponsorship that it would be bad for the whole world if they succeeded. Trump & company are picking this fight now in the hopes we still can win it and force concessions from China. It might already be too late.

Also see Chinese US currency holdings. If China/Russia succeeded in removing the US dollar as the world reserve currency it would be bad news for us and possibly the world as well.

People forget that the world reserve currency was about 3 heartbeats from going Euro during the dark days. They couldn’t do it then and they can’t do it now. And it sure as hell won’t be wuan.

China need the US to be the US to maintain their economy. That’s our only saving grace at this point.

 

[2001400ex]

Another reason why tariffs are stupid. They have to do this shit to cover their political asses.https://twitter.com/thehill/status/1021774606514966528

That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.

Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works.[/b]

lolwut?

Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.

Tariffs are stupid.

But you’re more stupid with your stock market shit. There are over a 1000 other reasons why the stock market would go down on a particular day.

Yes and I said as much... Did you read my quote? When the stock market goes down every time Trump announces tariffs.... In a period of increasing corporate profits....

 

[Swaye]

Another reason why tariffs are stupid. They have to do this shit to cover their political asses.https://twitter.com/thehill/status/1021774606514966528

That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.

Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works.[/b]

lolwut?

I'm sure this was unintentional by why does your chart stop 6 months ago?

I don't have the skills of the @chartsuperioritydawg so I have to take what I can find online. I checked the DJIA yesterday though and it was at 25300, which is right in line with the depiction, so I said fuck it, close enough.

 

[ThomasFremont]

Stop using the stock market as a political indicator. It’s not.

 

[UW_Doog_Bot]

Stop using the stock market as a political indicator. It’s not.

 

[2001400ex]

Stop using the stock market as a political indicator. It’s not.

View attachment 13388

So what you are saying is, the best completed quarter under Trump didn't grow as fast as the 6 best quarters under Obama.

 

[USMChawk]

Another reason why tariffs are stupid. They have to do this shit to cover their political asses.https://twitter.com/thehill/status/1021774606514966528

That's the thing. Trump can start this tariff war. But most of the cost is really passed to the people who voted him in.

Also, anyone who posted that the stock market is up now. You totally fucking missed the point. And have zero clue how the stock market works.[/b]

lolwut?

Yes the stock market is up overall. Because there are many influences. My point is, every time a new tariff is announced, the market reacts negatively. And I was asking what people thought that means.

It means tariffs are bad. Trump is on record that he doesn’t want tariffs and that he wants open, fair, trade. The problem is our trading partners have imposed tariffs on our goods, for decades, and are used to the status quo. So, he’s imposing commensurate tariffs on them with the end game of eliminaning/reducing tariffs. It’s called a Trade War. Sometimes in war, you have to temporarily sacrifice for the long term goal. He’s covering the farmers losses while this plays out.

Ty will be successful next year POTD.

And you didn’t even have to wait a year. You had to wait one whole day.
http://www.foxnews.com/politics/201...-eu-officials-on-soybeans-energy-tariffs.html