Trump to Canada...

[Redbull7]

Canada has their own tariff on Chinese steel for what its worth. They absolutely are not "not a good player"

You understand there are other bad players in the market besides china, right ? Egypt, turkey, India, and even Swedish countries all use Canada as their channel to the U.S market .As someone with firsthand knowledge of this industry, I can assure you that Canada is a repeat offender and is not responsible .

 

[Spencer_York]

Am I crazy or could the US basically wipe all of the cartels off the face of the earth with just a few days of military intervention? Hell we could probably do it without a single boot on the ground.

Not saying that’s the right thing to do and don’t know what all the geopolitical ramifications would be, but am I crazy in thinking that we could just squash the cartels? Or would it increase cartel violence in the US? Seems like the Cartels have been very cautious not to directly harm US citizens or do anything else that would provoke US military action.

I don't think it would be feasible even if we would be willing to accept mass civilian casualties. It would also lead to big time reprisals on American citizens

 

[fatpiggy]

Donald Trump: Tariffs won’t cause inflation

Guy who works for Trump: tariffs won’t cause inflstion

Every other economist: tariffs cause inflation

Fatpiggy: I believe the Trump guy

Well, "Every other Economist" also told us that inflation was temporary. Deficits don't matter. And they preach the failure that was MMT.

So I'm going to go with the Trump guy and try something new.

 

[Redbull7]

If the US does that, what does that do to
the American gun market?

The consumer gun market is tied to consumer spending. It’s been crap the last 2 years . We need inflation to come down before we see a rebound there. Defense gun sales are still pretty good. Much of our stockpile has been sent to Ukraine or Israel so expect consistent demand for the next 4-5 years .

 

[fatpiggy]

The American demand for drugs is voracious. There are probably just more customers but on the whole it has increased

Both illegal and legal drugs.

We are addicted to anti-depressants, adderal, etc, All that shit is way over prescribed.

 

[Casa_del_Tigre]

“Restructuring The Global Trading Statem” by Harvard PHD Stephen Miran



Tariffs ultimately make the tariffed nation less wealthy (ie they work) if implemented correctly. So he posits (and his theory is currently being implemented so we can just watch the results in real time)

I’m just pointing out both parties agree with tariffs. Biden didn’t end the trade war. He agreed with it.

It comes down to Trump aligns with democrat economic policies. It gets confusing when democrats have to hate them while also wanting the same policies.

Gold and cryptos didn’t rally on Trump wining the election because he’s fiscally conservative.

 

[dbjork6317]

Well, "Every other Economist" also told us that inflation was temporary. Deficits don't matter. And they preach the failure that was MMT.

So I'm going to go with the Trump guy and try something new.

Can you source a quote from a credible economist that says “inflation is temporary?”

Also, is your source for that Trump? He has said prices will come down, which insinuates that inflation is, in fact, temporary.

 

[fatpiggy]

Can you source a quote from a credible economist that says “inflation is temporary?”

Also, is your source for that Trump? He has said prices will come down, which insinuates that inflation is, in fact, temporary.

Transitory, my bad. Point stands that they were dead wrong.

They were wrong about inflation coming down too. Remember they cut a 1/2 point just prior to the election (to help dems, lol), with another .25 point expected at the next meeting because inflation had subsided? Well, the next cut didnt come, and real interest rates have gone UP since they cut. Spare me that these "every other economist" are some know it all. Maybe you forgot about the book "The smartest people in the room" and the story of long term capital management. They have been dead wrong in many aspects.

And yes, her name was Janet Yellen. Maybe you have heard of her.

 

[fatpiggy]

Can you source a quote from a credible economist that says “inflation is temporary?”

Also, is your source for that Trump? He has said prices will come down, which insinuates that inflation is, in fact, temporary.

No. Prices can still come down and be inflationary. It's called disinflation.

Prices actually coming down is deflation. I dont have the time to explain, but AI can tell you the difference if you ask it.

 

[ChicagoTiger85]

“Restructuring The Global Trading Statem” by Harvard PHD Stephen Miran



Tariffs ultimately make the tariffed nation less wealthy (ie they work) if implemented correctly. So he posits (and his theory is currently being implemented so we can just watch the results in real time)

https://www.nationalreview.com/2024/09/trumps-terrible-tariffs/

https://www.nationalreview.com/corner/economists-understand-tariffs-just-fine-oren-cass-does-not/

 

[fatpiggy]

https://www.nationalreview.com/2024/09/trumps-terrible-tariffs/

https://www.nationalreview.com/corner/economists-understand-tariffs-just-fine-oren-cass-does-not/

There is one problem, those policies are not being implemented. Maybe they are right, maybe they are not. But I don't need to discuss them becuase they did not win the election and those policies are not being implemented.

Im specifically talking about the paper written by Trumps incoming, Harvard PHD trained, economic advisor.

If you notice, his ideas are being implemented.

Care to discuss the paper, possible economic effects and potential outcomes?

So far no one has read the paper.

His paper claims that tariffs can be implemented in a way such that the tariffed nations become less wealthy. This is in defiance of generally accepted theory and at least 5 posters in this thread.

It seems like an important paper for people discussing tariffs and economics.

 

[ChicagoTiger85]

There is one problem, those policies are not being implemented. Maybe they are right, maybe they are not. But I don't need to discuss them becuase they did not win the election and those policies are not being implemented.

Im specifically talking about the paper written by Trumps incoming, Harvard PHD trained, economic advisor.

If you notice, his ideas are being implemented.

Care to discuss the paper, possible economic effects and potential outcomes?

So far no one has read the paper.

What I linked to was criticizing the policies being implemented.

 

[fatpiggy]

What I linked to was criticizing the policies being implemented.

On day 3? Have they even been implemented yet? I'll answer that for you. They have not been implemented yet.

And i can tell you haven't read the paper. If you had you would know that they only way it works is with gradual implementation.

 

[tgrharley]

Would love to hear how Canada is "freeloading" and why forcibly annexing (aka invading) another sovereign nation and one of our closest allies is a good idea. Some of y'all would jump off a cliff if Trump said you should

Invading?? Hyperbole much?

 

[UrHuckleberry]

On day 3? Have they even been implemented yet? I'll answer that for you. They have not been implemented yet.

And i can tell you haven't read the paper. If you had you would know that they only way it works is with gradual implementation.

So you want discussion on the policies actually being implemented, but also, don't discuss the policies because its only been 3 days and they haven't been implemented yet?

 

[fatpiggy]

So you want discussion on the policies actually being implemented, but also, don't discuss the policies because its only been 3 days and they haven't been implemented yet?

No.

Discuss the theories behind the policies being implemented to see if the do what they are intended to do. What is he doing differently? Why hasnt it been done in the past? Or has it been done and what were the results? Why does his theory reach conclusions different than generally accepted theroy? And then, give them time to work. Policies don't show results the second they are implemented.

The paper specifically says the tariffs can't be implemented all at once and shock the market. They must be implemented gradually, over time. A 20% tariff should be implemented at a rate of 2% a month until the full 20% is reached. etc. read the paper for yourself if you would like.

And if you notice what happened the last few days? Small tariffs were placed on several countries.

So is it fair to measure results when the policy has not even been put in place?

 

[UrHuckleberry]

No.

Discuss the theories behind the policies being implemented to see if the do what they are intended to do. What is he doing differently? Why hasnt it been done in the past? Or has it been done and what were the results? Why does his theory reach conclusions different than generally accepted theroy? And then, give them time to work. Policies don't show results the second they are implemented.

The paper specifically says the tariffs can't be implemented all at once and shock the market. They must be implemented gradually, over time. A 20% tariff should be implemented at a rate of 2% a month until the full 20% is reached. etc. read the paper for yourself if you would like.

So is it fair to measure results when the policy has not even been put in place?

Your first sentence is what he said. @firegiver , I think you said you read the paper right?

 

[fatpiggy]

Your first sentence is what he said. @firegiver , I think you said you read the paper right?

Have you head of google notebook? Serious question, not sarcastic.

It is amazing. You can upload any PDF file and it will summarize, make a study guide, create a podcast etc. It is unbelieveable.

Get that paper and put it in google notebook. its crazy