Trumps Tariffs
- Thread starter p_rehbein
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I know from 10 years ago if they taxed Americans 100% they still would have a budget deficit. Not sure if that is still the case today. However, I still think it was funny business in the 90's when we we started shipping jobs away we changed the way we did our national accounting.
For simplicity every transaction we conduct between a buyer and seller we call GDP. Used to be before we shipped jobs out and sold off our companies. We used GNP or Gross National Product. Which measured transaction's of American ownership. Now we use GDP which just measures transactions that happen here at home not concerned with the ownership.
So I would be curious if still taxing Americans 100% would leave a budget deficit since a portion of the transaction is going to leave our country.
For simplicity every transaction we conduct between a buyer and seller we call GDP. Used to be before we shipped jobs out and sold off our companies. We used GNP or Gross National Product. Which measured transaction's of American ownership. Now we use GDP which just measures transactions that happen here at home not concerned with the ownership.
So I would be curious if still taxing Americans 100% would leave a budget deficit since a portion of the transaction is going to leave our country.
The yield, when he started doing it T-Bills where yielding 5%. Even now with the rate decrease they still yield 4.3%. So he can sit on cash buying short term treasuries since he is only locking up his cash for a month to a year. I agree with him that the market really is overpriced right now. So he is just sitting on the cash getting a higher than normal yield until opportunities to buy present themselves.
Still is because if you think the US dollar is done then your actions would lead you to buy hard assets like metals. Or even go outside the US where some yields are even higher even factoring in the currency conversion. The date it was made was done prior to Moody's downgrade a week ago. I wonder if he had some inside track that US debt was going to be downgraded?
The timeline is still unknown regarding the currency ... but I think he was sounding the alarm that is where the currency is heading.
So in the short term he is positioned one way and I am sure he is planning for the long term, it was only a short clip and I doubt that there is any advice we could offer him that he does not know already far, deeper and better than we do.
It would take time for anyone to move their assets.
Do you know what TDS is?
It’s an angry reaction of a confused individual which is exposed when they are faced with the beautiful hair of Donald Trump. We call these people leftists.
They’re not asking questions to understand or to reach a consensus. No, it’s simply an angry reaction due to their inadequacies.
Just think of any topic. Here are a few that come to my mind right now.
First they want to burn Wall Street but when the Republicans do something they don’t like, then they want to bootlick Wall Street.
They “hate” the military industrial complex and war and when Trump says “See you later Zelensky, good luck with the rest of your acting” then the liberals are like “AAArgh support the military industrial complex in an endless war”.
They loved Elon Musk for producing electric cars. As soon as they saw Musk hanging out with the blonde guy: “Aaaargh let’s burn the Teslas”.
I mean this is the mental state of this folks who are fed an ideology which doesn’t allow them to think for themselves or be able to have fact-based arguments or coalitions despite disagreements in ideology.
The State of the union was a prime example of how insane they looked by staying silent and not applauding when a child with brain cancer is shown a bit of care and love by the rest of the adults.
So, don’t explain anything logical to the leftists. They’re incapable of processing.
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I agree currency is done just a matter of when, as believers we already know where it is headed, a single universal means of exchange. Yeah no advice I would ever even try to give him he already made his. The problem he is just having now is what any of us trying to be a value investor would have just really hard to find a value company trading with a low or reasonable P/E today as well as future earnings.
Well because he states he likes to think. 
“I'm not terribly affected by the fact that the crowds are agreeing with me or disagreeing with me. I'll do whatever my own sense tells me. The trick is simply to sit and think.” — Warren Buffett
Relatively speaking I am sure he could move his assets quickly if he would like to.
“I'm not terribly affected by the fact that the crowds are agreeing with me or disagreeing with me. I'll do whatever my own sense tells me. The trick is simply to sit and think.” — Warren Buffett
Relatively speaking I am sure he could move his assets quickly if he would like to.
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Well because he states he likes to think.
“I'm not terribly affected by the fact that the crowds are agreeing with me or disagreeing with me. I'll do whatever my own sense tells me. The trick is simply to sit and think.” — Warren Buffett
Relatively speaking I am sure he could move his assets quickly if he would like to.
“I'm not terribly affected by the fact that the crowds are agreeing with me or disagreeing with me. I'll do whatever my own sense tells me. The trick is simply to sit and think.” — Warren Buffett
Relatively speaking I am sure he could move his assets quickly if he would like to.
A recent example was when he sold off some of his Apple holdings he had to explain he was doing so for tax purposes. Seeing at that time Biden and Harris were saying that if they were reelected they were going to tax unrealized capital gains. So just no way he can make a big move and it not affect the market or it be done quiet.
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In countries like Spain, Italy, Greece there’s no culture for such. Even the receipt states that the tip is included. Further north in Europe, like the Scandinavian countries, there’s another story. Many places they even ask for tips even if you have to fetch all foods and drinks yourself at the counter…
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That's the norm now. They tap a few buttons to enter your order, then when you go to pay- they flip the terminal to ask you just one more question.... 18%, 22%, 26%-- or would you like to enter a custom tip? You would have to click "custom tip" to elect "no tip."
The new rule is, if I'm standing at a counter when you take my order-- there's no tip in order.
The new rule is, if I'm standing at a counter when you take my order-- there's no tip in order.
