What do Warren Buffett, Jamie Dimon, and Marjorie Taylor Greene have in common?
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Ultimate Clemson Legend [108045]
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Associate AD [1079]
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Re: What do Warren Buffett, Jamie Dimon, and Marjorie Taylor Greene have in common?
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Apr 6, 2025, 1:03 PM
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They all have p*nises?
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Paw Master [17114]
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Yea, no one saw those tariffs coming***
Apr 6, 2025, 3:03 PM
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Oculus Spirit [43125]
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wasn't expecting them to be so drastic
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Apr 6, 2025, 6:26 PM
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It's going to get really ugly and nothing good can come from it for years at best. Huge tax increases never work even with huge spending increases but we aren't likely to see any spending bills until next election when the dems route the pubs
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Ring of Honor [21586]
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Re: wasn't expecting them to be so drastic
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Apr 6, 2025, 7:48 PM
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The problem there is huge capital expenditures aren't just becoming more and more expensive (and are about to get even more so, thanks to tariffs choking global trade and as such investment) but investors above all else crave stability. They want to know that today's situation on the ground will be the same one two years from now after all that money's spent and their doors are about to open, and five years after that when they're trying break even, and ten years after that when they're trying to actually make a profit...but stuff is so turbulent under Donald nobody has any idea what's going to happen next week.
And nobody sane would entrust their financial fate to Donald Trump staying fair, consistent, or even keeping a deal he himself made. Mexico, Canada, and Japan all thought they had deals. With Donald. But Trump 47 comes across like he doesn't even remember what he said or did as Trump 45.
Who's going to invest in America when we're acting like random and unpredictable lunatics?
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Ultimate Clemson Legend [108045]
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Markets have already finished the instability decline.
Apr 7, 2025, 8:18 AM
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Way I see it, there will be three forces causing the market declines we will see for a WHILE.
First decline was over the UNCERTAINTY. Tariffs are on, then off, then on, then less, then off. No one could predict anything, so markets declined.
Second stage we're in now, and that's the ENACTMENT of the tariffs. Provides SOME stability, at least knowing how screwed you are. But Trump lied to the public, lied to everyone, and went broad based, and they were NOT reciprocal. They are universal at 10% for planet Earth, then go up from there based on the percentage gap in our trade deficit with that country, NOT ON TARIFFS. This makes them WAY worse than markets expected, so we're tanking now. We now have 10% tariffs on countries we have SURPLUSES with. And some countries without human beings or ANY TRADE.
So yeah, we will have a big jolt. The third stage I fear may be the worst. It will not be sudden, but over time (4-6 months) it will spell a recession, possibly worse. This will be the stage where markets react to the IMPACT of the tariffs. The economic numbers that come out in future months will push another decline that will be slow, steady, and possibly horrible.
Then again, Trump can change his mind at a moment's notice, and even then uncertainty then comes back into play. Just no real reason for any optimism at this point. The explanation that makes the most sense for everything trump is doing, is simply to destroy the country. Really, the economy, the military, social safety nets, trade, alliances, everything, out the window. He still says foreign countries pay tariffs, not Americans, and they're not a tax, for crying out loud. Stop paying attention to what Trump says, and pay attention to what he DOES. If you do that, then things become clear, and horrifying.
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Tiger Titan [48500]
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Tiger Titan [48500]
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Replies: 7
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