BigGame90

Thanks for the info. Something a human being thinks about and wants to discuss all the time.  Have any other thoughts on your post since you felt the need to post it? Have any other discussions or facts about the estimates that may or may not be wrong? 

@cd329

 How many times have you said Trumps name today? I won't go check your posts but I'd put the O/U at 11.5 and would take the alt line at over 19. 

It's funny seeing liberals crying about more taxes. I thought they loved taxes? Or is that only when they don't have to pay them? 

@THEMUGG

 Most of us know why. Third is a bot and anything WSC says to that "poster" will not get answered unless it's more propaganda to go with the answer. WSC knows this which is why WSC never tries to have a discussion with Third. WSC is good to harp on the right by saying the right only attacks the left.  Go click on thirds name. Everything reads like left leaning propaganda and literally no discussions or original thoughts that a human would have. 

@fubah2

 Is the tariffs going to cost the auto industry or will the current auto default rates cost the auto industry? Subprime auto loans are defaulting at a record pace. But yeah, it's the tariffs that are going to destroy the auto industry.   Not the fact that massive auto loans were given out to subprime borrowers which in turn caused auto prices to spike to ridiculous prices. Hint, same reason why college education went through the roof. When the govt and banks are handing out money to anyone that wants it, prices are going to rise. 

Since WSC wants facts (your post is clearly speculation without saying the numbers are speculative which is misleading). 

From Sept 24' Before Trump was in office... https://www.federalreserve.gov/econres/notes/feds-notes/rising-auto-loan-delinquencies-and-high-monthly-payments-20240926.html    But yeah, it's Trumps fault, right?  That spike starts AFTER Biden takes office and while inflation was hitting decades highs. With all defaults, it takes time to hit the books. 

@wallstreetcappers

 You're right, you never said the jobs reports are off. You also never corrected OP when OP was constantly stating overinflated numbers and not revising. In not saying anything, you are skipping over the fact that OP is not giving the facts, like what you ask for in here. You're quick to correct people you deem are on the right, and tend to let the left slide. Do you wonder why you typically get more push back from those you deem to be on the right and not the left? Because you let the left slide and are quick to jump on the rights mistakes. There is something to say about saying nothing. 

I can't comment on what you might think is police profiling because I've never seen it. I have seen police pulling over cars that are far outside of the rules of the road. I see a lot of cars around my area that have fully tinted front windows and have yet to see one pulled over for a fix it ticket. Would you call it profiling if a certain race had their front windows tinted and were constantly pulled over? I mean, you can't even see who's driving to judge. Would it also be profiling if that same car was pulled over and had guns drawn because the windows were tinted? Or is it only profiling if the driver is anything but white? 

Since this forum loves polls, I would be curious to see CEOs thoughts on DEI in the workforce. I'll just wait for third to clip my first sentence and find a way to rag on Trump. 

As for your preference on govt spending on social programs, how's the homeless spending in CA going? Billions and billions unaccounted for. But yeah, lets give the govt more of our taxes so they can lose more. While we're at it, let's just keep raising taxes so the govt can have even more unaccounted missing funds to the tunes of billions. Would you be willing to compromise and not have pensions for govt workers? Afterall, they are living off tax payers backs, do they really need a pension? Isn't working 4 days a week basically a pension by getting 20% time off while received full pay?

@wallstreetcappers

 Was America winning the last several years while credit delinquencies were skyrocketing? Or did nobody pay attention because media never brought it up? Pretty easy to check the FRED (https://fred.stlouisfed.org/series/DRCLACBS) sites to see the rates of delinquency rates.  Was the GDP increasing on the backs of debts that are currently defaulting? But it's Trumps fault for trying to bring pricing down, right? Banks just giving out credit to anyone that asks, people spend on garbage, prices continue to go up, Biden continues to claim victory, people regurgitate with the media tells them, nobody looks under the hood because it's just easier to blame Trump for trying to stop the runaway train. 

You care about Trump lying now, but said nothing when the jobs reports (the fake numbers that were blasted all over here and OP would NEVER go back to update the actual numbers) was coming in excessively high and then were constantly lowered. Every. Single. Month. A large portion of "jobs created" were also govt jobs which are paid off the backs of tax payers, collected from taxes which is what the tariffs are supposed to help. 

@Midnight1

 Lets say the economy keeps burning hot, how long before EVERYONE is priced out (houses, cars, travel etc) and credit defaults explode? (see above link for defaults if you care to see why the economy was dOiNg So GrEaT under Biden. You can also look back at what lead up to the early 2000s and 2008 if you want to see how history is going to repeat. Tariffs aside. Who pays for bail outs when people can't pay their debts and default? It's great to spend on credit and keep the economy rolling, but what happens when the bill comes due and they can't pay for their reckless spending that helps keep prices up? Who pays? The responsible tax payers pay. Why should they have to suffer because people are irresponsible with credit? Same goes for irresponsible banks. Now you have a problem because Trump is trying to create revenue for the govt by way to tariffs? You do realize that inflation is also a tax, just like a tariff, right? If banks are going to give credit to anyone, the govt is going to give "free" covid monies, prices are going to rise. Govt doesn't care because they make a % of those increased prices. 

I'll say it again, tariffs are not the reason for what might come. Everything is negotiable. 

@thirdperson

 Did Ebay also require sellers to list inflation prices when the economy shut down and inflation picked up? 

@Midnight1

I think trying to show any tAriFf cost would be absolutely ridiculous. Did businesses show additional inflation prices as inflation was hitting decades high during Bidens term? Inflation is basically a tax just like a tariff. Where do you draw the line?

 Do you think highlighting the inflation costs would have stopped people from purchasing items during Bidens term? If you didn't know that shirt was originally $22.00 how would you know the tariff made it $37.00? Why does a seller have to pass the tariff tax onto the consumer? Why can't the business eat the cost? Why can't the importer and exporter both agree to eat the tariff tax and take a hit as to not pass the cost onto the consumer? Why can't all three eat the cost? There is no solid answer that says any tariff NEEDs to be passed on to the consumer. Tariffs have been around in the past, why would anyone suddenly want to show the additional cost?

Just because I know you'll never come back to update your propaganda...

According to Amazon

Amazon (AMZN) is denying reports that it will display the impact of tariffs next to the price of products on its e-commerce site, which drew the ire of the Trump administration on Tuesday.

"The team that runs our ultra low cost Amazon Haul store considered the idea of listing import charges on certain products," Amazon spokesperson Tim Doyle said in a statement. "This was never approved and is not going to happen.”

Amazon can't even get on the same page with their own media company 

@thirdperson

 According to the highly regarded Institute for local self-reliance, Amazon has already forced small retailers to go out of business.  See https://ilsr.org/articles/fact-sheet-how-breaking-up-amazon-can-empower-small-business/    As Amazon has grown, the number of independent businesses has fallen. Between 2007 and 2017, the number of small retailers fell by 65,000. About 40 percent of the nation’s small apparel, toy, and sporting goods makers disappeared, along with about one-third of small book publishers.

While Amazon touts sellers as “partners” in public, within the company, it refers to them as “internal competitors.” Both the House investigation and reporting by the Wall Street Journal have found that Amazon has spied on sellers and appropriated data about their sales, costs, and suppliers. It’s then used this information to create its own competing versions of their products, often giving its versions superior placement in the search results. Amazon has also been caught using its venture capital fund to invest in startups, only to steal those startups’ ideas and create rival products and services. In some cases, “Amazon’s decision to launch a competing product devastated the business in which it invested."

Maybe Amazon should be showing how much they siphon off sellers by way of their fees and how they undercut small retailers prices. Tariffs are NOT the issue with amazon. 

What are your thoughts on Amazon, since you brought up the topic, maybe you'd like to follow up? 

What are your thoughts about quoting the Washington post while Amazon is basically the owner of the WP? 

@Midnight1

 I don't have any idea on the numbers for DOGE.

Why are you so upset about DOGE? What has DOGE done to you? 

@Midnight1

 Alleges...could...potential... 

 Stopped reading after seeing those speculations. Bring facts or else it's just non sense. 

Don't forget about the lovely 5 year fixed rate mortgages the Canadians loved (fixed for the first 5 years of the new loan, adjustable after that). The same adjustable rate mortgages that crushed the housing market in ~08'. The adjustable rate mortgages allow for lower payments (rates are lower than a 10/20/ or 30 year fixed that is popular in the US). Rates started rising shortly after covid and that 5 year timer is getting close from when rates started to rise. So anyone that had bought or refinanced into a 5 year fixed (don't get confused when you hear fixed rate because they can be adjustable after that) will get hit with a large monthly increase when that 5 year fixed loan period ends. 

I haven't read the article, but if this is an additional tax applied after a sale, it appears Canada is trying to collect more taxes on home sales as people try to exit their low interest rate loans before that 5 year fixed period ends. IF rates do not come down there might not be any options to re-fi since rates will be high. It seems like Canada is just trying to siphon off any last "tAx" they can as people rush for the exits. Those not paying any attention will blame Trump in the years coming. 

@wallstreetcappers

 When I hear DEI, I imagine people that originated the idea have the same mindset as post #336 in the Trump Tariffs thread. Racists. 

Gas just dropped ~20-30cents the last few days in my area. 

Eggs also down. I was seeing ~$17/dozen a week or two ago and it's at ~$11/dozen today. 

Afterall they are WHITE and speak English 

What exactly does your comment have to do with the topic? What are you insinuating here? 

@Midnight1

Just wondering as going back to check can take awhile, did you believe the bat theory for covid? Did that come from Chyna? 

I'll check later but maybe you know the answer, does Norway have tariffs towards the US? Are the tariffs Trumps imposing more, less or equal to what is charge to the US? Are the new tariffs Reciprocal Tariffs? 

Ahh yes. We should be listening to one of the largest derivatives dealers in the US/World. But lets blame the economy on tariffs and completely forget about derivatives.