25% tariffs on Canadian and Mexican imports.

[cubsfan]

1 minute ago, Blake Hampton said:

Also Musk now has fucking access to the Treausry!?

 

He's stopping the grift - awesome - saving us billions over the weekend. Gotta love it.

[cubsfan]

10 minutes ago, Parsad said:

 

Yes, and Trump would have minimized inflation during the pandemic...just like egg prices are dropping right now under his watch!  Geez!  

 

Haha - he's only been in office 2 weeks!   

[Dinar]

1 hour ago, wisdom said:

Most planes that came back successfully in the Second World War did not have damaged cockpits and engines. 
 

There were people who concluded that they needed to put armour on the wings and fuselage.

 

Have you considered that a lot more cross over on the southern border but don’t get caught?

 

Unbelievable!

Leave Abraham Wald out of this.

[cubsfan]

9 minutes ago, Dalal.Holdings said:

 

Here's another one: if Canada cuts off oil to the USA, then Ontario and Quebec lose their own oil supply (see Line 9)!

 

 

 

 

 

Ouch - I had no idea. Looks like Justin screwed the pooch on that one.

 

I feel for you Canadians, but heck, we had Biden...

[Castanza]

Y’all need to relax… the world isn’t going to end because a potential 25% tariff… 

 

 

[Gregmal]

18 minutes ago, Blake Hampton said:

sorry but no. Inflation (CPI) has been running at 2.9% YOY with fuel prices actually decreasing 5%. Fuel is an input cost for essentially everything. When the price of oil increases, the price for everything generally increases.

lol sorry but no. Textbook meet 2006-2014. 
 

In other news, it’s not the 1970s.

[TwoCitiesCapital]

On 2/1/2025 at 5:53 PM, cubsfan said:

 

Way too much common sense there. Tariffs are very effective tool for foriegn policy.

 

 

 

We have leverage - sure. 

 

But I don't know if it's common sense to fuck over your neighbors simply because you have leverage and don't want to cut spending. 

 

"I could spend responsibly - but why should I when I can simply  bully those I have power over?!?!" 

 

But what do I know. I'm just a raging liberal that subscribes to the leftist views of the WSJ

Edited 3 hours ago by TwoCitiesCapital

[james22]

 

[Spekulatius]

1 hour ago, SharperDingaan said:

Dow Futures down 550 points+,  Nasdaq Futures down 500 points+ , S&P Futures down 100 points+ , WTI up 1.52.

C'mon Orange Boy ...  lets go for a 1,000!, the market is speaking!

https://www.cnbc.com/index-futures/

 

SD

The things up during Trumps presidency so far are :

1) shitcoins

2) egg prices

3) oil prices

4) interest rates

5) Elon’s arm

 

Rest is all down, go figure

 

 

[cubsfan]

9 minutes ago, james22 said:

 

 

@james22 Please - no more facts!

 

Play stupid games, win stupid prizes (tariffs)

[changegonnacome]

Alot of folks seem confused about what's happening here....let me help

 

Trump is introducing a defacto US federal sales tax levied on imported goods.......its just being hidden such that it wont show up on your Amazon/Walmart receipt or when you buy that new car from the dealer.

 

It's a tax revenue raising measure, masquerading as nationalism.....I must say this nationalism vehicle for stealth tax rises seems to be working a treat as evidenced by a bunch of posters here who've seem to have bought the spin hook, line and sinker.

 

Sure the Republican spin points have a sliver of truth to them (like all good talking points):

 

- some of the 'taxes/tariffs' will get eaten by foreign producers taking a margin hit, they will pay some of this new federal sales tax

- some import substitution might occur which will be good for American manufacturing

- and some currency appreciation might take a little bit of the sting out of it at the point of sale

 

But all these minor spin points are just there to muddy the water on the big big picture reality.."Donald Trump just raised taxes" ...the US federal government , under Trump, just got bigger and is going to be taking more money out of American pockets and sending it to D.C. to prop up busted entitlement programs and various tax breaks like carried interest. He's sucking those tax tariff dollars up into the Federal budget swamp to help plug the 7% deficit...while pretending that without touching entitlements DOGE is going to meaningfully shrink the deficit.......that folks believe this nonsense he sellings just tells you what a brilliant salesmen he is.

[Parsad]

13 minutes ago, Spekulatius said:

The things up during Trumps presidency so far are :

1) shitcoins

2) egg prices

3) oil prices

4) interest rates

5) Elon’s arm

 

Rest is all down, go figure

 

 

 

+1!  Hilarious!  Cheers!

[Spekulatius]

I think the damage that the USA has done with contract breach and covert bullying to its reputation cannot be repaired any more. The USA is not a reliable partner any more as every agreement like NAFTA has been broken. The problem with Trump’s Art of the Deal is that it only works once. I don’t think the result gains will be worth it, a reputation gained in decades has been shot in days. Peter Zeihan has it right and will be going it alone. Japan, Canada, Europe, UK, Australia need to chart their way too separate from the USA and perhaps better together than separate. Welcome to the multipolar world.

[Parsad]

8 minutes ago, changegonnacome said:

Alot of folks seem confused about what's happening here....let me help

 

Trump is introducing a defacto US federal sales tax levied on imported goods.......its just being hidden such that it wont show up on your Amazon/Walmart receipt or when you buy that new car from the dealer.

 

It's a tax revenue raising measure, masquerading as nationalism.....I must say this nationalism vehicle for stealth tax rises seems to be working a treat as evidenced by a bunch of posters here who've seem to have bought the spin hook, line and sinker.

 

Sure the Republican spin points have a sliver of truth to them (like all good talking points):

 

- some of the 'taxes/tariffs' will get eaten by foreign producers taking a margin hit, they will pay some of this new federal sales tax

- some import substitution might occur which will be good for American manufacturing

- and some currency appreciation might take a little bit of the sting out of it at the point of sale

 

But all these minor spin points are just there to muddy the water on the big big picture reality.."Donald Trump just raised taxes" ...the US federal government , under Trump, just got bigger and is going to be taking more money out of American pockets and sending it to D.C. to prop up busted entitlement programs and various tax breaks like carried interest. He's sucking those tax tariff dollars up into the Federal budget swamp to help plug the 7% deficit...while pretending that without touching entitlements DOGE is going to meaningfully shrink the deficit.......that folks believe this nonsense he sellings just tells you what a brilliant salesmen he is.

 

+1!  Yup, just a tax grab to bolster revenue.  Doesn't affect the personal or corporate tax rate, but will fill the coffer with as much American money as foreign money.  Although Trump's retail products will take a hit...but MAGA cult followers will pay anything for what he's selling...they've already bought in to the Art of the Steal!  Trump's also willing to sell his followers a couple of bridges!  Cheers!

[Gregmal]

Wait wait wait, now all of a sudden we can claim he’s doing what some of his biggest critics said we needed, ie trying to balance the deficit, supposedly raise taxes, etc…and it’s omg look at what he’s doing?!? lol my god. Really is derangement syndrome. 

[cubsfan]

6 minutes ago, changegonnacome said:

Alot of folks seem confused about what's happening here....let me help

 

Trump is introducing a defacto US federal sales tax levied on imported goods.......its just being hidden such that it wont show up on your Amazon/Walmart receipt or when you buy that new car from the dealer.

 

It's a tax revenue raising measure, masquerading as nationalism.....I must say this nationalism vehicle for stealth tax rises seems to be working a treat as evidenced by a bunch of posters here who've seem to have bought the spin hook, line and sinker.

 

Sure the Republican spin points have a sliver of truth to them (like all good talking points):

 

- some of the 'taxes/tariffs' will get eaten by foreign producers taking a margin hit, they will pay some of this new federal sales tax

- some import substitution might occur which will be good for American manufacturing

- and some currency appreciation might take a little bit of the sting out of it at the point of sale

 

But all these minor spin points are just there to muddy the water on the big big picture reality.."Donald Trump just raised taxes" ...the US federal government , under Trump, just got bigger and is going to be taking more money out of American pockets and sending it to D.C. to prop up busted entitlement programs and various tax breaks like carried interest. He's sucking those tax tariff dollars up into the Federal budget swamp to help plug the 7% deficit...while pretending that without touching entitlements DOGE is going to meaningfully shrink the deficit.......that folks believe this nonsense he sellings just tells you what a brilliant salesmen he is.

 

You can believe that, and that's just fine. It is true, he has been left a steaming pile of shit by the last adminstration, that he intends to do something about - the deficit.

 

IF he doesn't deliver for the middle class - his power will evaporate - and you'll be delighted.

 

He's trying to do many things at the same time as cutting taxes.

 

 DOGE will work, but he'll encounter massive resistance from the federal government freeloaders that don't deliver.  I chuckle when I think about all the Twitter geniuses here that predicted Twitter would implode when Elon took his blowtorch to the company. He cut, what 80% of the staff - all useless, self entitled...   Twitter is a massive success now.

 

Elon is just taking the "Silicon Valley" model to the Federal government.  Having lived in that world for 30 years - I understand it well. When things aren't working - make deep, deep cuts - retrench and repair. Rehire where you cut a little too deep. Save the company. But MOSTLY change the culture rapidly back to success, accountability and productivity. Generously reward the people that help you do it.  IT's a painful model - but it worked over and over and over again in Silicon Valley. Those laid off will find another job.

 

My view - it will work REALLY well for the federal government because their is so much waste and lack of accountability.  Mainly what you need is tough management willing to not waste taxpayer money.  Elon will likely succeed.  No one has ever had the balls to do it at the Federal level. Trump has the balls to try. It will be interesting.

[dwy000]

8 minutes ago, Gregmal said:

Wait wait wait, now all of a sudden we can claim he’s doing what some of his biggest critics said we needed, ie trying to balance the deficit, supposedly raise taxes, etc…and it’s omg look at what he’s doing?!? lol my god. Really is derangement syndrome. 

The problem is he ran on the distorted idea that tariffs are paid by the foreign countries not Americans. And Fox News took up the mantle and the mindless masses bought it. 

 

If he said he was raising taxes to reduce the deficit thru tariffs he would have lost in a landslide. 

 

The only derangement syndrome is watching the people twist themselves into a pretzel trying  to justify why increasing taxes is a good thing when he promised tax cuts. 

[cubsfan]

18 minutes ago, Spekulatius said:

I think the damage that the USA has done with contract breach and covert bullying to its reputation cannot be repaired any more. The USA is not a reliable partner any more as every agreement like NAFTA has been broken. The problem with Trump’s Art of the Deal is that it only works once. I don’t think the result gains will be worth it, a reputation gained in decades has been shot in days. Peter Zeihan has it right and will be going it alone. Japan, Canada, Europe, UK, Australia need to chart their way too separate from the USA and perhaps better together than separate. Welcome to the multipolar world.

 

Yeah, I guess that makes us just like Russia and China.
So I guess the rest of the world will align with them.

 

Like Greg says - everyone take a deep breath.

[dwy000]

6 minutes ago, cubsfan said:

 

You can believe that, and that's just fine. It is true, he has been left a steaming pile of shit by the last adminstration, that he intends to do something about - the deficit.

 

IF he doesn't deliver for the middle class - his power will evaporate - and you'll be delighted.

 

He's trying to do many things at the same time as cutting taxes.

 

 DOGE will work, but he'll encounter massive resistance from the federal government freeloaders that don't deliver.  I chuckle when I think about all the Twitter geniuses here that predicted Twitter would implode when Elon took his blowtorch to the company. He cut, what 80% of the staff - all useless, self entitled...   Twitter is a massive success now.

 

Elon is just taking the "Silicon Valley" model to the Federal government.  Having lived in that world for 30 years - I understand it well. When things aren't working - make deep, deep cuts - retrench and repair. Rehire where you cut a little too deep. Save the company. But MOSTLY change the culture rapidly back to success, accountability and productivity. Generously reward the people that help you do it.  IT's a painful model - but it worked over and over and over again in Silicon Valley. Those laid off will find another job.

 

My view - it will work REALLY well for the federal government because their is so much waste and lack of accountability.  Mainly what you need is tough management willing to not waste taxpayer money.  Elon will likely succeed.  No one has ever had the balls to do it at the Federal level. Trump has the balls to try. It will be interesting.

You think Twitter is a massive success?  He literally had an email 2 weeks ago that they were barely breaking even and growth was stagnant. Just wait till that debt comes due 

Edited 2 hours ago by dwy000

[Eng12345]

1 minute ago, dwy000 said:

You think Twitter is a massive success?  He literally had an email that they were barely breaking even and growth was stagnant. Just wait till that debt comes due 

Yeah there's a reason he's filing lawsuits to force advertisers to place ads on his shitty platform. 

 

NO CASHFLOW

[Gregmal]

6 minutes ago, dwy000 said:

The only derangement syndrome is watching the people twist themselves into a pretzel trying  to justify why increasing taxes is a good thing

Totally agree. And those that supported the last guy, and Clown Harris and the Canadian guy, endorse that. That was their whole game, raise taxes. So they’re done now. No one cares because Trump is the byproduct of what they’ve done. 
 

But yes, let’s mention he’s raising taxes while ignoring or purposely leaving out the tax cuts that are coming…

Edited 2 hours ago by Gregmal

[Gregmal]

4 minutes ago, cubsfan said:

 

Yeah, I guess that makes us just like Russia and China.
So I guess the rest of the world will align with them.

 

Like Greg says - everyone take a deep breath.

Spek also said Trump was totally finished as a politician after Jan 6.

[cubsfan]

2 minutes ago, dwy000 said:

You think Twitter is a massive success?  He literally had an email that they were barely breaking even and growth was stagnant. Just wait till that debt comes due 

 

Oh I do think it's a massive success. Running with 80% less employees with the same level of service. And destroying the MSM at the same time. Massive success.

 

Consider it Elon's gift to America: Saving Free Speech

[Gregmal]

1 minute ago, cubsfan said:

 

Oh I do think it's a massive success. Running with 80% less employees with the same level of service. And destroying the MSM at the same time. Massive success.

 

Consider it Elon's gift to America: Saving Free Speech

Does it really matter either way? It’s a total rounding error to him financially; but oh yea!, they(as in randos on the internet) really got him good….

[dwy000]

Just now, cubsfan said:

 

Oh I do think it's a massive success. Running with 80% less employees with the same level of service. And destroying the MSM at the same time. Massive success.

 

Consider it Elon's gift to America: Saving Free Speech

Did Laura or Sean feed you that line?  Zero growth, suing your advertisers for leaving and barely able to cover your bills.  That's hardly success