Sweet

I think the ‘basic math’ is overcomplicating things. The problem isn’t that there is a trade deficit, it’s that there is a large fiscal deficit. Fix it and most other things will take care of itself. Sprinkle tariffs and non-tariff barriers on countries not trading fairly, or for industries of national importance, and move on. Easy in theory, harder to do politically I acknowledge.

Wtf lol. Was that even a real price?

case in point about it not being about tariffs

Trump wants to eliminate the trade deficit with countries. He said this to the Israelis PM yesterday, something along the lines of getting their trade deficit to zero. So offers of zero tariffs from the EU is unlikely to be what he is after, but perhaps it’s enough for now. Who the hell knows.

Thanks for the explainer

Interesting chart and earning. Whats the thesis? Must be a reason why stock is a dumpster.

Genuinely not sure Trump wants trade with China. Yes lots comes from China right now, but supply chains can shift over time.

100%. China has been doing all this for years. They were given a pass because it was this ‘opening up China’ strategy by Kissinger et al. They believed that if China made its markets free China might become free too. The gambit failed.

Druck was so pissed off at the editing that he logged into to post this:

I live in an area where there is little forest cover. One thing I always notice and appreciate about the US is the amount of wildlife and trees there are. Terrible to lose that.

lol it’s a cunning plan

Lol, yeh. People are reading their own feelings in the tea leaves of this thread.

Spek, you’re missing an important detail, he was amateur comedian called ‘Count Dankula‘ on YouTube and it was a joke. Public or private, he was fined for a joke. It’s ridiculous in either case. It’s not the same as stalking the streets and threatening to gas the Jews. It was a joke with a dog raising its paw. He said this at the start of the video: ”My girlfriend is always ranting and raving about how cute and adorable her wee dog is so I thought I would turn him into the least cute thing I could think of which is a Nazi.” The comparison to a green card holder is different. Having a permanent resident card is a privilege given to you by the US. You aren’t a citizen yet, and I think at any time the US is allowed to reconsider whether you should be there. I bet people aren’t being thrown out of the US for jokes or misgendering people online.

Yeh, the futures guys had to pay other traders to take their contracts lol, which is why the price was negative. What a time.

Don’t agree Spek. In the UK there were cops turning up to the doors of people because they misgendered someone and it being recorded as a non-crime hate incident. This would go on your record and would be flagged during background checks which could prohibit you from some jobs. Mark Meekhan was fined £800 in Scotland because he trained his girlfriend’s dog to raise its paw when he said ‘gas the Jews’ as a joke. The video of it got it and the cops got involved. Lee Price was jailed because he sent a racist tweet - yes jailed for being a knob head. Racism isn’t even discrimination. Bradley McCarthy jailed because he goaded police and shouted at the police dog during the recent immigration rioting. There are many more cases. It’s wrong. I do agree that just because there is free speech doesn’t mean you should use it to be an asshole. But hurry words are just words, mute the person, block them… it’s social media. Jail though? Come on.

I’m from Europe, and I disagree. Europe does have a problem with ‘free speech’ and ‘misinformation’. Things Americans (and probably Canadians) say online could land European in trouble. 60 minutes did something on this recently - fast forward to 7 mins: This is simply wrong.

Europe is operating a type of liberal authoritarianism. The idea that ‘misinformation’ as decided by the EU should be fine is ridiculous. There is also a political element to this too - they don’t like Musk. All this is why trust in European institutions is very low.

Sure, but it makes sense ti think out what could be the case if that assumption is wrong though. In fact, that assumption could be correct and the administration figure out they went too hard and end up at the same position - whether with foresight or not. We’ll find out.

One way this is being played out, and I hate to be one of these 4D chess types, but we must entertain the possibility. Is that the administration really want to tariff certain countries, but they don’t want to be seen to single those countries out. So they tariff everyone and slowly make deals with those countries they want, leaving certain countries (China) with the high tariff they always wanted.

On the tariffs or the obligations to reply lol? On the video, it made me laugh that people still believe there is some kind of four d chess here. Trump believes in tariffs, end of story. They’ve been implemented horribly. It could have been so much better but I think they get changed and everyone will then claim they were right. On my obligation to reply, well since you asked nicely I now feel I am obligated dammit

Geez Luke, I think you are reading my post a bit too seriously. The ‘lols’ should have been clue.

I hope you don’t think that because I posted this that I agree with it lol. Because I have no obligation to answer any of your questions - which I hope are rhetorical lol.

Trump retweeted this:

Lol, there was no way I was following anyone in oil companies, even the GOAT, after my misadventure. It worked out well for me in the end, but barely.