BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 Please let me know when this is a trade war. Link to comment
BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 This comes out on a day the Stock Market is down 300 points and down 8 out of the last 9 days. And....farm commodities in the tank. Link to comment
Moiraine Posted June 25, 2018 Share Posted June 25, 2018 15 minutes ago, BigRedBuster said: This comes out on a day the Stock Market is down 300 points and down 8 out of the last 9 days. And....farm commodities in the tank. I don't know how much people care about the stock market unless it supports their team. 50% of Americans have 0 stocks. Tariffs probably aren't affecting a lot of people yet. 1 Link to comment
BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 1 minute ago, Moiraine said: I don't know how much people care about the stock market unless it supports their team. 50% of Americans have 0 stocks. Tariffs probably aren't affecting a lot of people yet. You're right on stocks. But, that's still 50% of the country. Then, you add in the number of people affected by low commodity prices. That's not just farmers. That affects a very large part of the US. Take Nebraska. Farmers not making money also affects the business's in town including everything from pivot dealers, car dealers, home builders/contractors....etc. These areas are also where Trump won the election. Many of these people won't feel this until some point down the road. But, if we stay on this path, it will be felt. Link to comment
FrankWheeler Posted June 25, 2018 Share Posted June 25, 2018 Not only do 50% of Americans own no stocks. The top 10% own 84% of all stocks. Top 20% own 92%. So, 80% of Americans together own just 8% of all stocks. Stocks just aren't relevant to most people. 1 Link to comment
Moiraine Posted June 25, 2018 Share Posted June 25, 2018 34 minutes ago, BigRedBuster said: You're right on stocks. But, that's still 50% of the country. Then, you add in the number of people affected by low commodity prices. That's not just farmers. That affects a very large part of the US. Take Nebraska. Farmers not making money also affects the business's in town including everything from pivot dealers, car dealers, home builders/contractors....etc. These areas are also where Trump won the election. Many of these people won't feel this until some point down the road. But, if we stay on this path, it will be felt. Ya, that's what I'm thinking. Most people haven't felt the effects... yet. Also, we were due for a downturn/recession regardless of who's president. I'm guessing the trade war Trump has manufactured out of thin air will speed it along. And I don't wish for it, but if it has to happen I hope it's before November. It will be interesting to see if the people who've looked the other way when it comes to Trump's bigotry and adultery will do the same when it comes to their pocketbooks. Link to comment
BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 21 minutes ago, FrankWheeler said: Not only do 50% of Americans own no stocks. The top 10% own 84% of all stocks. Top 20% own 92%. So, 80% of Americans together own just 8% of all stocks. Stocks just aren't relevant to most people. Like I said in my last post about farm commodities. Stock prices can affect people who don't even own them. For instance, if stocks continue to fall, companies possible will not have funding for projects which affects rank and file employees...etc. It's not as simple as many people think. Link to comment
FrankWheeler Posted June 25, 2018 Share Posted June 25, 2018 18 minutes ago, BigRedBuster said: Like I said in my last post about farm commodities. Stock prices can affect people who don't even own them. For instance, if stocks continue to fall, companies possible will not have funding for projects which affects rank and file employees...etc. It's not as simple as many people think. Agreed for the most part. Except for the example you gave after the massive tax break corporations received. Link to comment
BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 7 minutes ago, FrankWheeler said: Agreed for the most part. Except for the example you gave after the massive tax break corporations received. For some companies, the trade war will wipe out gains from those. Link to comment
FrankWheeler Posted June 25, 2018 Share Posted June 25, 2018 1 hour ago, BigRedBuster said: For some companies, the trade war will wipe out gains from those. Which is something I don't understand from Trump. It seems like if he would have just stepped aside after the tax cuts that the economy and stock market would have just continued to climb. Link to comment
Moiraine Posted June 25, 2018 Share Posted June 25, 2018 2 hours ago, BigRedBuster said: Like I said in my last post about farm commodities. Stock prices can affect people who don't even own them. For instance, if stocks continue to fall, companies possible will not have funding for projects which affects rank and file employees...etc. It's not as simple as many people think. I think this is all a timing and awareness thing. So far most people haven't been negatively affected by these things. And some of the negative effects of falling stock prices won't be blamed on falling stock prices. It all depends on how the political parties do at blaming the other side. I'm sure it there is a recession this year it will be blamed on Obama. Link to comment
BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 57 minutes ago, FrankWheeler said: Which is something I don't understand from Trump. It seems like if he would have just stepped aside after the tax cuts that the economy and stock market would have just continued to climb. The stock market was on a trajectory that wasn't sustainable. It was also (as almost anything with the market) almost all based on speculation. The bubble was going to pop one way or the other. The trade war was just the pin that popped it. The problem is that the continued idiotic decisions of the administration is continuing to beat it down. Link to comment
FrankWheeler Posted June 25, 2018 Share Posted June 25, 2018 16 minutes ago, BigRedBuster said: The stock market was on a trajectory that wasn't sustainable. It was also (as almost anything with the market) almost all based on speculation. The bubble was going to pop one way or the other. The trade war was just the pin that popped it. The problem is that the continued idiotic decisions of the administration is continuing to beat it down. So he's drumming up a trade war to stop a speculative bubble. The man is a genius! Link to comment
BigRedBuster Posted June 25, 2018 Share Posted June 25, 2018 42 minutes ago, FrankWheeler said: So he's drumming up a trade war to stop a speculative bubble. The man is a genius! More geniuser than the world has ever seen. Link to comment
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