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There was a 20.9% loss in the Dow from Dec 2021 to Sep 2022.
How many of the current doomsayers here were doing the same back then?
Also, what is the historic trend for the Dow?
Good play - back to reality 😎
A 9% drop in 2 days should get your attention, if it drops another 11.9% in the next week that would be significant. If it levels out then it's just noise.
The markets don't like uncertainty.
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The only people who complain are those who don't understand how the markets work, or those who did not sell at the right time.
The market is always just noise....
Any news on how Vietnam is responding to the new tariffs?
The Gap, H & M, and Patagonia have all voiced their support.
Pretty sure I heard they are wanting to “talk” about it.
Can you point to a direct action by the president that's responsible for that drop?
You're comparing a 9 month drop to 50% of that in 2 days.
Did the president fuck off to a Saudi Arabian golf tournament during that drop?
The stock market is not the whole story here.
I'm not comparing the drops, I'm comparing the absence and presence of the doomsayers.
Anyone with a reasonable understanding of the stock market would either have already sold ahead of the most likely reaction to the reciprocal tariff announcement, or is holding due to the historic trend of the stock market.
So what youre saying is the drop in the last 2 days is not in line with regular market noise?
It's a reaction to a specific action that hasn't run its course yet and so is not clear where this goes.
The thing is if this triggers a recession there's not likely to be stimulus and QE to help, at least not if they are going to stick to the plan.
I didn't say anything about market noise.
And the market will still recover....
I think it’s important to remember these are “reciprocal tariffs”, meaning these other countries are raping us. I’m amazed at the outright morans who keep saying, “No it’s only right that they rape America (us). Trump is wrong and will only make them mad. We can’t survive if we don’t pay them and let them kept raping us.”
Don’t think they are true reciprocal tariffs. I Could be wrong but I think they are a calculation based on trade deficits with each country and not a retaliation for tariffs imposed on us. Again, I could be wrong as new sources are not very reliable these days.
How is Australia raping the US?
Australia and the US have(had) a free trade agreement, no tariffs for goods entering either country, the US exports $31.9B annually to Australia, and imports $14.3B from Australia, so a $17.5B trade surplus, but a 10% tariff is now applied to Australian goods.
The US exports $0.49B annually to Russia, and imports $2.9B from Russia, so a $2.4B trade deficit, but no tariff is being applied to Russian goods.
If 🍊 was an agent of the Kremlin, what would he do different?
Currency manipulation is also part of the equation.
I don’t know. So it’s ALL wrong? What are the other misalignments? Why is there a tariff on Australia? Maybe provide a list of all the misalignments, and then give your solution to fixing the $36T debt. Also give a better solution to charging a tariff. If it will bring revenue back to the US and knock down the debt, then why are you so mad about it?
Pit Row
They are not reciprocal tariffs. Even Trump admitted that by showing the stupid chart during press conference.
And the narrative of other countries ripping off the us is even more braindead. Germans arent forcing you to buy their cars, chinese don't force you to buy their electronics, canadians don't force you to buy their stuff. You want what others have, you buy it. Only one responsible for that is you!
Its not the other countries fault that you don't have more products other countries desire, to balance out trade.
Well, thanks for exposing to us all that you don't understand tariffs.....
Part lies, part false information.
But i don't think you're able to see that. We're at a point where you won't be able to admit 2+2 is 4 if Trump says otherwise.
I'm just pointing out they are not “reciprocal tariffs”, so your statement...
"I think it’s important to remember these are “reciprocal tariffs”, meaning these other countries are raping us."
is bullshit.
Maybe you should start questioning what else is bullshit!
I don't know if it's been mentioned yet, but how hilariously pathetic is the tariff fomula is?
Tariff = (Export-Import)/Import
You gennuinely cannot make up this level of stupidity 🤣
I think there are a few misunderstandings here.
Trump faithful/loyalists/diehards here see posts against him and this tariff situation and think oh you're just mad about the pain you're going to feel.
Can't speak for everybody but no, it's more like concern and disbelief that you really can't see the damage this is causing and will cause to the USA more than anyone else. Everyone else will weather this - there is now a common foe pushing us to get together and work together more favorably in the future. The huge degree of USA isolationism that has been created in a few short weeks will hurt the USA for years to come, more than anyone else. All due to the irrational words and actions of one person. And his yes men.
First off, the White House termed these “Reciprocal Tariffs”.
Second, there’s about 57ish countries on the reciprocal tariff list.
Out of that information, which parts are an outright lie?
Don't dumb it down, Ɛ and φ are important, 4 * 0.25 = 1
Ah yes, how silly of me! How could I be so stupid 😂
So Trump is the common foe?
What else is “bullshit”?
Which of countries listed by the White House have the US’s best interest?
Okay, I could be wrong on all counts. Let’s talk about Hunter Biden and his communication to his dad during his tenure at the Ukrainian Energy company. The question is, what role did Joe play in this?
“Reciprocal Tariffs”
^^^ this is a lie.
The US has free trade agreements with Jordan, Singapore, Chile, Morocco, Australia, Dominican Republic, Bahrain, Oman, Peru, Korea, so there are no tariffs for US goods exported to those countries, zero, zilch, nothing.
All the numbers for other countries have no relationship with tariffs for US goods exported to those countries.
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