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The Great Trump Tariff War

OldSoulon said:
They also suffered through three years of Biden’s Historically High Inflation (BHHI)
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That high inflation was far more damaging to retirees then a couple of bad days on wall street. Most retired people with 401K holdings large enough to suffer real losses during a market correction have already moved a lot of those assets into lower risk non stock alternatives. For the great majority inflation has been and remains the greatest threat to a secure retirement.
 
Happier said:
Trumps DUMB tariff chaos is making Europe Great Again!

www.politico.eu

World wants more trade with Europe since Trump-driven uncertainty, von der Leyen says

Commission president says “Europe is “wide awake” to possibilities of “new world order.”
www.politico.eu www.politico.eu
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The world may want more trade with Europe but what makes you think Europe wants more imports from the world? Why would they want to replace the United Sates as the consumer of first AND last resort? Is it Europe's long post WW2 history of high tariffs and other import barriers that has you believing they're going to step right in here?
 
pjmedia.com

This Is China's Real Problem and Trump's Real Strength

pjmedia.com pjmedia.com

Without getting too technical, China desperately needs to escape what economists call the Middle Income Trap. That's when a Third World (or even Second World) economy comes this close to making the move from poverty to enjoying a middle-level income, then to joining the wealthy nations of the world.

South Korea escaped. Israel escaped. Singapore and Taiwan did, too. All four used to be dirt poor, or nearly so. All are now among the world's high earners. Argentina was one of the world's wealthiest countries a century ago but backslid into the middle rank under a crippling combination of economic populism and political corruption. Javier Milei is working furiously to fix all that, but I digress.

These countries escaped in two steps. The first was by exporting well-made manufactured goods. The second was transitioning to a consumer-based economy much like ours. That second step is where China has trouble.

China faces all kinds of headwinds as it sits right at the top of the middle-income heap without quite going any higher. Those headwinds include shrinking demographics, stalled productivity growth, a real estate crisis, a consumer confidence deficit, and more.
 
winbypin said:
Lol. Your level of desperation is alarming actually. People taking out loans/using your debit card are sidelining that money. I guess paying yourself back is better than paying some bank but the money is missing an opportunity to grow in the market too. People of retirement age and taking their withdrawals are using the money for living expenses but that money is also then out of the market and also their 401k avoiding fluctuations.

I am not sorry this is happening to you.
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More chiggering. You said people don't use their 401K on living expenses. You have had several people correct your dumb statement and you just keep doubling down. What is wrong with you?
winbypin said:
Gold Rush GIF by Discovery
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Reality Reaction GIF by Married At First Sight
 
lotr10 said:
That high inflation was far more damaging to retirees then a couple of bad days on wall street. Most retired people with 401K holdings large enough to suffer real losses during a market correction have already moved a lot of those assets into lower risk non stock alternatives. For the great majority inflation has been and remains the greatest threat to a secure retirement.
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Retirees had 4 great years on Wall Street plus COLA increases that were basically in line with inflation. It was a golden age to be retired.
 
Happier said:
Trumps DUMB tariff chaos is making Europe Great Again!

www.politico.eu

World wants more trade with Europe since Trump-driven uncertainty, von der Leyen says

Commission president says “Europe is “wide awake” to possibilities of “new world order.”
www.politico.eu www.politico.eu
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Any thoughts on this question Happy?

nypost.com

Tariffs and ‘trade wars’ — Trump asks tough questions critics won’t answer

If there soon is a rush of nations to cut a deal with the United States so as not to be left out of the American market, will there follow another hysterical Wall Street spasm — not to sell, but in…
nypost.com nypost.com

Why do most nations prefer trade surpluses and protective tariffs?

Are Europe, Asia, China and others stupid? Are they suicidal in continuing their trade surpluses and protective or asymmetrical tariffs?

Is the United States uniquely brilliant in maintaining a half-century of cumulative trade deficits?

Do Americans alone discover the advantages of a $1 trillion annual trade deficit and small or nonexistent tariffs?

Why don’t America’s trading partners prefer deficits like ours — given we supposedly believe they are either advantageous or perhaps irrelevant?
 
underthelights said:
fortune.com

Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters

In "one of the largest single-month changes" it has ever made to its forecast, S&P Global Mobility wiped off 700,000 cars from its annual U.S. sales estimate
fortune.com fortune.com
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Honda is considering switching some car production from Mexico and Canada to the United States, aiming for 90% of cars sold in the country to be made locally in response to new U.S. auto tariffs, the Nikkei newspaper reported Tuesday.
 
winbypin said:
I'm not the one suggesting people buy gas and eggs using a 401k debit card/loan.
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Some do. If they did not, there would no need for a debit card attached to 401K accounts. Can you think of a reason for a debit card unless you were entering into a transaction where money is debited in return for a good or service?

LOL. You keep making stupider statements with every post.
 
ProV1 said:
Some do. If they did not, there would no need for a debit card attached to 401K accounts. Can you think of a reason for a debit card unless you were entering into a transaction where money is debited in return for a good or service?

LOL. You keep making stupider statements with every post.
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You do realize it's a loan right?

1000006838.png


Once you do that, the funds are not in your 401k and not impacted by market fluctuations.

Now, please proceed to clown yourself boy.

Mr Rogers Clown GIF
 
lotr10 said:
That high inflation was far more damaging to retirees then a couple of bad days on wall street. Most retired people with 401K holdings large enough to suffer real losses during a market correction have already moved a lot of those assets into lower risk non stock alternatives. For the great majority inflation has been and remains the greatest threat to a secure retirement.
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Proof. Most retirees do not time the market and keep their money in the stock market because they live longer, meaning their money has to work for them. Bonds and money market accts don't cut it. https://money.com/older-americans-own-most-stock-market/

80% of the stock market is owned by people 55 and over that is a fact. Last 2 years S&P 500 was up over 50% thats beats the crap out of inflation. Laughable when posters talk about what retirees should do with their money. This has been a self-induced sell off by the dummy in the White House hopefully it does not lead to a recession. Let me explains this in simple terms. If you have 10k in the market and the market goes down 20% that is 2k, 100k - 20k, 500k - 100k see how that works. Warren Buffet made more money after age 65 than he did in his entire life before 65, why because it takes money to make money, and most people really don't start to have a lot in their 401k's and IRA's till they are 55-60 years old.
According to bestselling author Morgan Housel (“The Psychology of Money”), the 93-year-old Berkshire Hathaway co-founder, chairman and CEO earned 99% of his wealth after the age of 65. “If Buffett retired at age 65, you would have never heard of him,” said Housel during a 2022 interview with CNBC.May 8, 2024

Know the facts before you talk about retirees' money.
 
Stirred not Shaken said:
Proof. Most retirees do not time the market and keep their money in the stock market because they live longer, meaning their money has to work for them. Bonds and money market accts don't cut it. https://money.com/older-americans-own-most-stock-market/

80% of the stock market is owned by people 55 and over that is a fact. Last 2 years S&P 500 was up over 50% thats beats the crap out of inflation. Laughable when posters talk about what retirees should do with their money. This has been a self-induced sell off by the dummy in the White House hopefully it does not lead to a recession. Let me explains this in simple terms. If you have 10k in the market and the market goes down 20% that is 2k, 100k - 20k, 500k - 100k see how that works. Warren Buffet made more money after age 65 than he did in his entire life before 65, why because it takes money to make money, and most people really don't start to have a lot in their 401k's and IRA's till they are 55-60 years old.
According to bestselling author Morgan Housel (“The Psychology of Money”), the 93-year-old Berkshire Hathaway co-founder, chairman and CEO earned 99% of his wealth after the age of 65. “If Buffett retired at age 65, you would have never heard of him,” said Housel during a 2022 interview with CNBC.May 8, 2024

Know the facts before you talk about retirees' money.
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You think any of those people blamed a president for brief losses?
 
Jeez... it's remarkable how many economic savants we have on the Left side of this debate forum. I'm assuming you're all deca-millionaires or more by now given your deep and wide-ranging understanding of so many topics related to investing and given your prodigious ability to generate massive income in your 50s and 60s due to superior intelligence and education?
 
ZfishInMason said:
Jeez... it's remarkable how many economic savants we have on the Left side of this debate forum. I'm assuming you're all deca-millionaires or more by now given your deep and wide-ranging understanding of so many topics related to investing and given prodigious ability to generate massive income in your 50s and 60s?
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There is no savant to it. Real simple, takes time to build wealth, and again simple math: If you had invested $10,000 in the S&P 500 in 1990 and reinvested all dividends, it would be worth approximately $317,784 in 2025. This represents a return of 3,077.84% or an average annual return of about 10.31%. From Google AI
Don't have to be a rocket scientist to become wealthy just time and discipline.
 
Warren Buffet who knows more about money than any yappi poster and more than that king of bankruptcy said this about tariffs: “The Tooth Fairy doesn’t pay ’em!” Buffett said with a laugh. He added, “You always have to just, ‘And then what?’ You always have to ask that question in economics, always say ‘and then what?'”

Trumpy and his band of "geniuses" I don't think thought about the "and then what"?
 
Stirred not Shaken said:
There is no savant to it. Real simple, takes time to build wealth, and again simple math: If you had invested $10,000 in the S&P 500 in 1990 and reinvested all dividends, it would be worth approximately $317,784 in 2025. This represents a return of 3,077.84% or an average annual return of about 10.31%. From Google AI
Don't have to be a rocket scientist to become wealthy just time and discipline.
Click to expand...

Stirred not Shaken said:
Warren Buffet who knows more about money than any yappi poster and more than that king of bankruptcy said this about tariffs: “The Tooth Fairy doesn’t pay ’em!” Buffett said with a laugh. He added, “You always have to just, ‘And then what?’ You always have to ask that question in economics, always say ‘and then what?'”

Trumpy and his band of "geniuses" I don't think thought about the "and then what"?
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So you're saying that Warren Buffet has the right attributes to be PoTUS? The answer is, no.

And I wasn't talking about Warren Buffet... I was talking about the Lefty Yappi posters, most of whom are financial wizards in their own minds.
 
Stirred not Shaken said:
Proof. Most retirees do not time the market and keep their money in the stock market because they live longer, meaning their money has to work for them. Bonds and money market accts don't cut it. https://money.com/older-americans-own-most-stock-market/

80% of the stock market is owned by people 55 and over that is a fact. Last 2 years S&P 500 was up over 50% thats beats the crap out of inflation. Laughable when posters talk about what retirees should do with their money. This has been a self-induced sell off by the dummy in the White House hopefully it does not lead to a recession. Let me explains this in simple terms. If you have 10k in the market and the market goes down 20% that is 2k, 100k - 20k, 500k - 100k see how that works. Warren Buffet made more money after age 65 than he did in his entire life before 65, why because it takes money to make money, and most people really don't start to have a lot in their 401k's and IRA's till they are 55-60 years old.
According to bestselling author Morgan Housel (“The Psychology of Money”), the 93-year-old Berkshire Hathaway co-founder, chairman and CEO earned 99% of his wealth after the age of 65. “If Buffett retired at age 65, you would have never heard of him,” said Housel during a 2022 interview with CNBC.May 8, 2024

Know the facts before you talk about retirees' money.
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Are you seriously arguing that inflation isn't a bigger economic risk to retired people then the stock market?

Most retired folks have adjusted their accumulation phase high growth stock heavy portfolio's into well diversified lower risk dividend paying stocks, bonds, treasury's, CD's, annuity's, gold and real estate, among the options.

I doubt very much that retirees contributed much to the panic sell off we saw last week. BTW, if retirees sold their stock holdings in panic you would see market drops greater the 50%.
 
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