some of the best comedy is the truth wrapped up in a SMILE ( or cheeky grin )Funniest comment on FinTwit this morning:
April 2 - Liberation Day
April 3 - Margin call day
i would argue better than doing nothingI suppose Trump thought the tariffs seemed to be a good idea at the time. The market appears to disagree at the moment.
Just didn't have to lower taxes for the top end. The deficit is still going to double.i would argue better than doing nothing
but UGLY was coming fast , even if nothing was said or done
much like popping the boil today ( rather than next week )
there was a better alternative .. REALLY slash spending and borrowing .. but the howls of pain would have been deafening
Oil embargoChina is screwed with these tariffs, like screwed screwed. Even if they devalue their dollar I don't seem them doing well.
I suppose they can mark up goods for now, offshore, drop their tariffs. All of those still come with problems.
Didn't the US do something similar to Japan just before ww2?
the very , very top earners normally use trusts , foundations and other structuresJust didn't have to lower taxes for the top end. The deficit is still going to double.
The tariff income is going to hardly hit the sides.
We shall see.the very , very top earners normally use trusts , foundations and other structures
so 'the top end tax' is a little misleading , yes they are earning big bucks but also putting in the hours and taking the risks and many are only upper middle-class
now MAYBE those top earners will earn/invest more ( and maybe not )
the deficit is very likely to enlarge , but will that extra debt be used productively ( still to be answered )
any improvement in government income will reduce the need for extra borrowing
Trump's solution will NOT be pain free , but it MIGHT reduce the cumulative pain experienced mid-term ( depending on how many non-government jobs are created )
the lower and normal middle-class always have a target painted on their forehead , and yes this class will reduce spending, consuming and reduce the various taxes collected ( sales, excise etc etc )We shall see.
I am literally betting he is crushing the lower and middle class which will bring a recession. This will further reduce the tax take.
The Speculator in the UK , hardly a left wing magazine, called it the biggest US tax rise in history with no offsets for most.
The money is going to the government, it is a (regressive) tax on the people.
actually, I see this as a positive, as Norfolk Island has different tax status than the mainland ( minor, but there nevertheless)As the rest of Australia was dealt a 10 per cent tariff from Donald Trump this morning, Norfolk Island received 29 per cent.
The White House offered no explanation for the disparity
It's almost as if he's trying to tell the rest of the world something...
Tariffing uninhabited islands by name prevents tarriffed nations from pulling a fast one and trying to say goods are "from" the uninhabited island themselves, for example the fisheries.
Hopefully I'll get all the stocks at the prices I want.am looking for small nibbles and selected stocks but have missed all targets so far
maybe later today if there is a second wave down
i prefer small buys into a down trend ( and sells into the up trend )
more likely a well-hidden silver-lining if you weren't heavily leveragedHopefully I'll get all the stocks at the prices I want.
It's weird that Trump even said "it will get worse before it gets better and market pundits act surprised.
Might be a blackswan curve ball somewhere in here as well.
On china?Oil embargo
Still a lot more money to get sucked out of the markets yet, me thinks.Hopefully I'll get all the stocks at the prices I want.
It's weird that Trump even said "it will get worse before it gets better and market pundits act surprised.
Might be a blackswan curve ball somewhere in here as well.
that Tweet about April 3rd being margin call day seemed to have a whiff of truth to thatStill a lot more money to get sucked out of the markets yet, me thinks.
I can't see many quarterlies showing steady growth for quite a while.
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