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Started By
Message
Your Discomfort Means It's Working
Posted on 4/6/25 at 7:44 am
Posted on 4/6/25 at 7:44 am
Pretty good blog on the topic of tariffs.
Excerpt:
Link to the blog.
Excerpt:
quote:
I have consistently argued that market participants have been falsely conditioned by our monetary and fiscal policy in this country to always expect comfort and never expect interruptions from the market moving higher, or the quality of life status quo that we believe we are entitled to here in the United States to suffer.
This concept was the basis for my article explaining why I thought the next market crash would “break the brains” of market participants.
Now let’s zoom out and think about what President Trump is trying to accomplish with his tariff agenda. He is essentially saying that the status quo in the United States isn’t working and large changes need to be implemented—changes that will shock the global economy—to remedy the issue.
“Who is the status quo not working for?” some of you will ask me from your Porsche, driving down PCH, or from your desk overseeing your millions in the market.
Link to the blog.
13
Posted on 4/6/25 at 7:46 am to Stinger_1066
The things people tell themselves to justify dysfunction.
Posted on 4/6/25 at 7:46 am to Stinger_1066
Tariffs are the first step in world negotiations on the economy.....and the USA will lead the way. I would rather lead, than follow.
Posted on 4/6/25 at 7:50 am to Stinger_1066
quote:
never expect interruptions from the market moving higher, or the quality of life status quo that we believe we are entitled to here in the United States to suffer.
A self-imposed market shock?
quote:
Now let’s zoom out and think about what President Trump is trying to accomplish with his tariff agenda. He is essentially saying that the status quo in the United States isn’t working and large changes need to be implemented—changes that will shock the global economy—to remedy the issue.
This doesn’t say anything other than Trump is changing shite just to change it. There is no substance to support why Trump is doing this, he’s just doing it because “change.” quote:
“Who is the status quo not working for?” some of you will ask me from your Porsche, driving down PCH, or from your desk overseeing your millions in the market.
What a dishonest non-sequitur. Anyone thinking about retiring just got told by Trump and the market you can kick that plan down the road, because the economy that you built your retirement on doesn’t work. Doesn’t matter that we had the best economy in the world, doesn’t matter that the middle class was thriving or that the US economy was weathering headwinds better than any other economy, we had to change it and you have to pay for it. Not from your Porsche or millions in the market, but your 30 or 40 year retirement account you worked your arse off for that now looks very different because we had to kick ourselves in our own dick.
Posted on 4/6/25 at 7:55 am to Stinger_1066
quote:
I’m ready to buy American and I know I’m not alone.
Nothing is stopping him from buying American.
About the only solid point he makes IMO is that we don't know how this shakes out yet. The rest is repeating the arguments I've seen here: we needed change, this is change, therefore this is positive. But you can always make things worse with the wrong sort of change.
Posted on 4/6/25 at 7:56 am to CollegeFBRules
quote:
Anyone thinking about retiring just got told by Trump and the market you can kick that plan down the road
Did you vote for Trump or Kamala?
Posted on 4/6/25 at 8:03 am to Stinger_1066
quote:
The shock of this event will eventually begin to wear off, and we will achieve a new level of homeostasis—just maybe with financial asset prices lower. Future volatility may come from a cascading deleveraging in the financial world, and I don’t see this as a negative either. Does Fartcoin still have a bid? Yes? Well then, all the excess that should have been carried out has not been carried out yet. And who knows—maybe at about the same time the lower and middle class starts to get their financial footing, stocks will actually return to somewhat of a reasonable valuation so that John Q. Public can get a chance to take a bite of the apple.
Reads like BernieBro fanfic
quote:
Some people want to argue that the policy isn’t a net positive—it’s just generating other trade-offs that “aren’t worth it”. Even if on net balance that’s the case, I still think it’s worth it as a method of breaking the chains of the directional status quo in this country. If we have to rearrange the furniture to bring manufacturing back to the U.S. and give people in middle America something to do other than abuse fentanyl smuggled into our country, I’m for it. Bring manufacturing, not drugs, to Kensington. I’m ready to buy American and I know I’m not alone.
Yup. Definitely BernieBro fan fic
Posted on 4/6/25 at 8:03 am to CollegeFBRules
quote:
middle class was thriving
You and I have a different definition of thriving. Just barely keeping your head above water, having no emergency funds, and your children having to choose between shite jobs with no future is not what I call thriving. I don’t think anyone would call that thriving. Your whole point is based on a fallacy.
Posted on 4/6/25 at 8:03 am to RogerTheShrubber
quote:
The things people tell themselves to justify dysfunction.
Tell us about how you are good with other dudes railing your woman.
Posted on 4/6/25 at 8:03 am to Flats
quote:
About the only solid point he makes IMO is that we don't know how this shakes out yet. The rest is repeating the arguments I've seen here: we needed change, this is change, therefore this is positive. But you can always make things worse with the wrong sort of change.
Correct.
Many standard talking points (that often contradict each other), no substance, and nothing in the way of expectations. This is MAGA porn.
Posted on 4/6/25 at 8:04 am to oldskule
quote:
Tariffs are the first step in world negotiations on the economy.....and the USA will lead the way. I would rather lead, than follow.
Very "globalist" of you.
Posted on 4/6/25 at 8:05 am to CollegeFBRules
quote:
the middle class was thriving
I find your disconnect from reality to be fascinating.
Posted on 4/6/25 at 8:05 am to jimmy the leg
quote:
Tell us about how you are good with other dudes railing your woman.
What a bizarre thought on a sunday morning.
I bet you used to really love Penthouse Forums.
Do you have any thoughts on the retarded OP?
Posted on 4/6/25 at 8:05 am to RogerTheShrubber
quote:
Very "globalist" of you.
Given that you are a CCP cheerleader, the irony is thick.
Posted on 4/6/25 at 8:06 am to Stinger_1066
quote:
market participants have been falsely conditioned by our monetary and fiscal policy in this country to always expect comfort and never expect interruptions from the market moving higher, or the quality of life status quo that we believe we are entitled to here in the United States to suffer.
These are facts, but the current level of discomfort is a small fraction of what's to come. Bringing govt spending to heel, leveling up our foreign trade, living within our means, will expose our economy for what it is. Namely sick, hollowed out, disfunctional, and addicted to extreme overconsumption.
We've been borrowing to consume for over half a century. Borrowing to consume means less consumption, by someone, in the future to repay that debt. Even if you default, or inflate away the debt, somebody pays the cost of that borrowing. Collectively, our future consumption collapse will be drastic and austere, and it will not be optional. If bad debt exceeds the size of the economy, everybody pays.
Will US voters tolerate real pain? Probably not, especially not if they think it's caused by Trump's tariffs or cutting govt jobs, rather than by the prior decades of irresponsible, unaffordable consumption. Easy fix is available, just fire up the magic money computers and restart the party. Nobody will tell them that it's economic suicide.
This post was edited on 4/6/25 at 8:20 am
Posted on 4/6/25 at 8:06 am to jimmy the leg
quote:
I find your disconnect from reality to be fascinating.
It's all in how you warp the definition of "the middle class"
And most negative pressure on the various forms of the term come from domestic government policy, which leads to the old anti-Leftist axiom, "only Leftists want more government to fix the problems created by government". But that's "conservative" now, somehow.
Posted on 4/6/25 at 8:07 am to Flats
quote:
About the only solid point he makes IMO is that we don't know how this shakes out yet.
Correct.
Even the idiot, so called experts piss'n and moan'n on here don't know.
Fun to watch them write stupid shite though.
Posted on 4/6/25 at 8:07 am to wallowinit
quote:
You and I have a different definition of thriving. Just barely keeping your head above water, having no emergency funds, and your children having to choose between shite jobs with no future is not what I call thriving. I don’t think anyone would call that thriving. Your whole point is based on a fallacy.
Please tell me what in any of what is happening now is going to change the spending habits of Americans, if that is your prime argument against? Not one thing. So if debt is the issue, this is not going to fix anything.
Posted on 4/6/25 at 8:07 am to jimmy the leg
quote:
Given that you are a CCP cheerleader,
Here we go with the talking point ideology.
Shame you cant think deeper than that.
Posted on 4/6/25 at 8:08 am to SlowFlowPro
quote:
Many standard talking points (that often contradict each other), no substance, and nothing in the way of expectations. This is MAGA porn.
You described your posts.
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