SAJ-99
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Stick a mic in front of the big orange guy and the bait practically makes itself.
Anybody Buying Yet? Where’s the Bottom?
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Forkyfinder
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NDGuy
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Calls paid
Forkyfinder
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Rip roarin day for any company dependent on china.
Hope you guys didnt sell
Hope you guys didnt sell
Depends on the sell day I guess, still a fair bit away from 6 month highs. But agreed, these are the days you don’t want to miss by trying to time things.
(*so far… market giving a little back already)
noharleyyet
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Hope you guys didnt sell
people were selling? i thought this thread was titled "anybody buying yet?"
in any event, i agree with an assessment that i read that the market isn't just reacting to a "deal" with china, it's reacting so positively because it seems Bessent has a delivered a far more cogent strategy regarding china than basically anything we've heard to date from the admin. I can get behind it, as long as the adults continue to have the conversations.
The whole plan was to get the conversation started. If people didn't understand that i really don't know what to say.people were selling? i thought this thread was titled "anybody buying yet?"
in any event, i agree with an assessment that i read that the market isn't just reacting to a "deal" with china, it's reacting so positively because it seems Bessent has a delivered a far more cogent strategy regarding china than basically anything we've heard to date from the admin. I can get behind it, as long as the adults continue to have the conversations.
"plan" is a pretty strong word there.
Forkyfinder
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Im not a believer in deep 4d chess. So dont take me too far here. But if the admin all said "geeze we really need a good trade deal with china" do you think that the leverage would exist to make one happen? Trump being bold and saying things to the effect of you can tariff your way out of income tax - makes him sound like a believer that its true. It isnt. But it really doesnt matter in terms of negotiating.people were selling? i thought this thread was titled "anybody buying yet?"
in any event, i agree with an assessment that i read that the market isn't just reacting to a "deal" with china, it's reacting so positively because it seems Bessent has a delivered a far more cogent strategy regarding china than basically anything we've heard to date from the admin. I can get behind it, as long as the adults continue to have the conversations.
Trump kind of plays face down poker with politics. You can attribute it to design or incompetence, and i have some of each. My observation is that its more effective.
well, time will tell on its effectiveness. there's a lot more going on than just china - if the goal was leverage with china we really didn't help our leverage by sledgehammering our longtime allies and trading partners in the nose. they probably would've loved to team up on some china leverage, instead we had them starting up their own trade talks with china without us at the table. trump touts isolationism, history tells a bad story there.
trumps initial plan had some of the most hawkish in his admin sweating bullets at one point. the initial rollout of everything then the rollbacks and hemming and hawing on much of it since has all but proven a lack of plan and cogent strategy.
credit where credit is due if things work out well. i'm not a partisan hack like some think i may be.
Forkyfinder
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Of course - why i engaged. Trumps initial plan was public info though - no idea what happens behind closed doors. He's either doing it for show or getting convinced of reasonable policy behind closed doors. All i care about are results.
I agree with your sentiment about allies - but at the same time - my dairy farming family was put out of the milk business. At least partially due to the fact that canada has had really unfair import tariffs on milk that we do not.
Dairy Trade Flows Between The US And Canada
US - One of the most common questions asked of the Foreign Agricultural Service (FAS) office based in the United States Embassy in Ottawa, Canada is why Canada is able to restrict the entry of US dair
www.thedairysite.com
I like this post because it reflects on the tenets of Trump's expressed plan. He expresses different things and seems to change course quite often. Was his change of course and purpose part of his plan to negotiate?
He has tough enough skin to ignore the doom-gloom press when the markets plummeted. He also seems to use the press to his advantage, they accused him of being inept, impulsive, crazy, and serious. Countries read/hear those accusations and conclude, "If the US press says he is, I'd better get a deal that works for me."
The far left was quick to object to his abject lack of history knowledge citing 'tarrif's are bad, boo!" He's using tariffs to provoke allies into making trade deals, using deals with allies to provoke deals with China, using a potential deal with China to leverage improved deals with allies.
He's using tariffs as a tool that hasn't been done before. He never set out to apply tariffs solely to earn income- sure, he boasted about making money off the tariffs, but he aimed to achieve a better balance in trade. Some of this balance will be seen instantly (like today's emotional market froth), additional balances realized years later, as more factories are built.
jryoung
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I'm sure they are already well supplied.
Bonasababy
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Yep. FED sure agrees as well.
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