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Mark Haslett
Byrne Robotics Member
Joined: 19 April 2004
Location: United States
Posts: 6759
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| Posted: 09 April 2025 at 5:20pm | IP Logged | 1
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What’s more likely?
Trump got really worked up about “trade deficits” and stumbled upon
Tariffs as a potential remedy which no one has been able to talk him out of
for 30 years, or…
Trump was told by someone that a strongman leader can use tariffs as a
weapon to manipulate markets and to reorganize the entire world with
everyone waiting at your feet to experience your next whim?
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ron bailey
Byrne Robotics Member
Joined: 16 October 2016
Location: United States
Posts: 1199
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| Posted: 09 April 2025 at 5:35pm | IP Logged | 2
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Basically, tariffs are Trump's hammer (because that's all he comes close to being able to understand, economically), and he sees the relationship with the world only in terms of nails. Sadder is how he came about relying on Peter Navarro: he assigned Jared Kushner the task of finding an economic advisor, and he found him through an Amazon search and came upon his book, Death By China. The rest is sad history.
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Brennan Voboril
Byrne Robotics Member
Joined: 15 January 2011
Posts: 1811
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| Posted: 09 April 2025 at 5:39pm | IP Logged | 3
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90 day pause announced, except on China - which is not at 125%. Markets are roaring back. Nasdaq up nearly 10%.
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James Woodcock
Byrne Robotics Member
Joined: 21 September 2007
Location: United Kingdom
Posts: 8051
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| Posted: 09 April 2025 at 6:26pm | IP Logged | 4
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Guess it dropped enough for him and his mates to make a shit tonne of
money due to the fall/rally
This is getting slightly predictable now.
Meanwhile my pension pot has lost a 10% over the last few weeks.
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Brennan Voboril
Byrne Robotics Member
Joined: 15 January 2011
Posts: 1811
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| Posted: 09 April 2025 at 6:43pm | IP Logged | 5
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I rather think Trump was staring into the abyss of a collapse of the world financial system and blinked. And, let's remember bear markets have the most fierce rallies.
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Dave Kopperman
Byrne Robotics Member
Joined: 27 December 2004
Location: United States
Posts: 3661
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| Posted: 09 April 2025 at 7:03pm | IP Logged | 6
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For those on the fringes of capitalism (such as people with retirement accounts), losses are quick but gains are slow.
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James Woodcock
Byrne Robotics Member
Joined: 21 September 2007
Location: United Kingdom
Posts: 8051
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| Posted: 09 April 2025 at 7:12pm | IP Logged | 7
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Strange isn't it?
This will take over 6 months to correct itself I think.
That's assuming he doesn't do any more raids on the stock
market, which is what I now think he and his mates are
doing.
While destroying democracy of course.
And to anyone who thinks that is hyperbole, let's talk in
three years time when he goes for his third term shall we?
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Dave Kopperman
Byrne Robotics Member
Joined: 27 December 2004
Location: United States
Posts: 3661
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| Posted: 09 April 2025 at 8:59pm | IP Logged | 8
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If I took everything into account, it took my wife and I roughly a decade to completely pass the effects of the 2008 Recession through our personal finances. Trump effectively wiped out ten trillion dollars in the course of a week, and there's no sign of any real stability coming up (markets like stability, and so do I). The effects of this month alone could have an impact for the middle class for years to come.
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