Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

Look at this moron, lol.

This is not a correction. It's a self inflicted head wound.

It's Hawley-Smoot. Stupid. Read history, people. Read an economics textbook.

It's actually worse than then in every metric. Smoot-Hawley raised tarrifs from 13.5% to 19.8%. The Trump Tarrifs take them from 2.5% to 24% virtually overnight.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

Look at this moron, lol.

This is not a correction. It's a self inflicted head wound.

It's Hawley-Smoot. Stupid. Read history, people. Read an economics textbook.

They could also just watch the “anyone” Ferris Bueller clip which summarizes the whole sorry mess of tariffs and the Great Depression in about a minute or so.

Anonymous wrote:

Anonymous wrote:What’s Trump’s endgame here?

I think it’s time everyone realizes has no end game. Someone on a golf course in New Jersey in 1987 told him tarriffs were a good idea and that idea has been bouncing around in his head since then. There is nothing to gain here, the administration has not made any serious investments in increasing manufacturing capacity and therefore companies can’t just magically shift all their production to the United states. He’s just flushing the economy down the toilet because he’s a moron and he doesn’t know better.

Yup. This is a guy who went bankrupt in the casino business multiple times. He’s not bright. He has no plan.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

This you?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

lolololol

I can’t with this.

We deserve this because people this stupid somehow have control.

Oh well.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

Look at this moron, lol.

This is not a correction. It's a self inflicted head wound.

It's Hawley-Smoot. Stupid. Read history, people. Read an economics textbook.

Anonymous wrote:What’s Trump’s endgame here?

I think it’s time everyone realizes has no end game. Someone on a golf course in New Jersey in 1987 told him tarriffs were a good idea and that idea has been bouncing around in his head since then. There is nothing to gain here, the administration has not made any serious investments in increasing manufacturing capacity and therefore companies can’t just magically shift all their production to the United states. He’s just flushing the economy down the toilet because he’s a moron and he doesn’t know better.

Anonymous wrote:What’s Trump’s endgame here?

My speculation is that he imagined imposing these tariffs and then having world leaders get in line to meet with him to “negotiate a deal”. He envisioned a stream of oval office pressers with grateful leaders gushing over his brilliance for the cameras. And of course part of those negotiations would include a little something personal for Trump himself.

Federal Reserve chair, Jerome Powell, weighs in on the tariffs today. Predictably, Trump posted on Truth Social telling Powell what to do (because that's how high-level discussions are conducted these days--via tweets).

Powell's comments:

Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.”

“While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected,” he said. “The same is likely to be true of the economic effects, which will include higher inflation and slower growth."

Mr. Powell characterized the risks of that outcome, which he warned could include higher unemployment, as “elevated.”

“While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent,” he said in a speech at a conference in Arlington, Va., on Friday.

Trump:

Minutes before Mr. Powell’s speech, the president went on Truth Social and called on the Fed chair to lower interest rates as he attacked him for being “always ‘late.’”

https://www.nytimes.com/2025/04/04/business/economy/powell-trump-tariff-inflation-risk.html

What’s Trump’s endgame here?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

With all due respect, a 10% two day drop is not anywhere close to normal. Something like this has only happened a handful of times in history.

Last time in 2008

I worked as a quant for couple of years and most trading today is automated. In fact we had situations with traders calling and yelling at us because the programs were telling to do something that clearly wasn't the optimal choice. The wild volatility we see today is the result of automated trading. So these programs analyze thousands of moves and reacts to the smallest action that will yield the smallest possible profit. I am afraid this is the future. Get ready for more volatility. The human part of trading is gone and it's long been gone.

Not this time. While quant induced swings are a growing problem and exacerbate movements, something we saw play out during Covid, this is human based and has a clear policy based cause.

We started a global trade war and announced the largest tarrif and tax hikes in US history.

God help us next week when the quants get going. As you say, it's only going to get worse.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

A moron defending a moron. Why not just acknowledge the L every now and then?

Anonymous wrote:

Anonymous wrote:Job report shows only a 4K loss of federal jobs. The real estimate is about -275k federal jobs so far. Those haven’t hit the report yet but they will eventually.

I don’t get the obsession with manufacturing jobs. Most people do not strive to work in factories, they are generally not considered desirable jobs. Also, new factories are mostly automated with minimal staffing. We actually manufacture more than ever, it just takes a lot less people.

Thisis part of the Dem problem. You simply couldn't be more wrong. These jobs are highly sought after outside of urban areas. People in Michigan, Ohio, Indiana, Pennsylvania do seek out factory jobs. Getting a job on an auto assembly line is like winning the lottery.

Weird because I remember both Hillary Clinton and Joe Biden not only promising to bring well-paying green energy jobs to rural Appalachia but also promising to pay them to retrain and rural voters said "nah, we'd rather sit around and collect government assistance (never "welfare" of course, because they're white!) waiting for a con man to bring our coal jobs back."

How'd that work out for Appalachia, by the way?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Depression? Can we get any more drama queeny?

Dow down 2200 points.

BFD. Corrections happen. Sorry you think the casino owes you wins every damn day.

The market is up. The market is down. Kinda like gravity.

With all due respect, a 10% two day drop is not anywhere close to normal. Something like this has only happened a handful of times in history.

Last time in 2008

I worked as a quant for couple of years and most trading today is automated. In fact we had situations with traders calling and yelling at us because the programs were telling to do something that clearly wasn't the optimal choice. The wild volatility we see today is the result of automated trading. So these programs analyze thousands of moves and reacts to the smallest action that will yield the smallest possible profit. I am afraid this is the future. Get ready for more volatility. The human part of trading is gone and it's long been gone.

That’s nice but Trump didn’t have to impose these tariffs. Everyone believes everything he says anyway, why didn’t he just take credit for the Biden administration?