Trade Wars

[Steve81]

And now we're back to drumphy withdrawing tariffs for 30 days....saw something that one province at least was going to keep up their tariffs for now, can't blame them. What a mess.

Honestly, the best thing other countries can do is treat us like fucking North Korea. Maybe then the MAGA shitheads will get the message. Hell, at this point, a mass drawdown on retirement accounts to intentionally crash the market is starting to sound more appealing. With their net worth shot to hell, it makes dragging these fucks into the street for a public execution that much easier.

 

[lovinthehd]

Honestly, the best thing other countries can do is treat us like fucking North Korea. Maybe then the MAGA shitheads will get the message. Hell, at this point, a mass drawdown on retirement accounts to intentionally crash the market is starting to sound more appealing. With their net worth shot to hell, it makes dragging these fucks into the street for a public execution that much easier.

That stock market dip did get the retirement crowd woken up a bit. Glad I transferred mine to a money market fund in anticipation of drumphy's effect on the market with his grandiose poorly thought out plans.

 

[Steve81]

That stock market dip did get the retirement crowd woken up a bit. Glad I transferred mine to a money market fund in anticipation of drumphy's effect on the market with his grandiose poorly thought out plans.

My plan right now is to have enough cash equivalent investments to ride the storm so I don’t have to sell stock. I wasn’t that exposed to begin with since I’m not especially aggressive, but I’m expecting a poop show.

 

[lovinthehd]

My plan right now is to have enough cash equivalent investments to ride the storm so I don’t have to sell stock. I’m not a particularly aggressive investor in any case.

I just converted my IRA from a fund to the money market. It was near a high anyways, and I have options down the road but at my age not much interest in riding the market out thru drumphy's term.

 

[mtrycrafts]

My plan right now is to have enough cash equivalent investments to ride the storm so I don’t have to sell stock. I wasn’t that exposed to begin with since I’m not especially aggressive, but I’m expecting a poop show.

And you certainly don't want to pay the taxes on the sales if you can help it. I weathered out the last depression, had some extra cash so I bought a few goodies.
Not young anymore, not sure how many I can ride out.

 

[Steve81]

I just converted my IRA from a fund to the money market. It was near a high anyways, and I have options down the road but at my age not much interest in riding the market out thru drumphy's term.

That works, though I wonder if you could get FDIC backed CD’s for a little extra interest and security while enjoying the tax advantages of the IRA.

As for me, I was actually in Denver a couple weeks back hashing stuff out with my advisor; he’s a pretty smart guy (I was actually impressed), and we went over everything in detail. They were goodly enough to give me a free vacation too

 

[mtrycrafts]

That stock market dip did get the retirement crowd woken up a bit. Glad I transferred mine to a money market fund in anticipation of drumphy's effect on the market with his grandiose poorly thought out plans.

No sweat in an IRA or some such. Taxes would take a chunk, even cap gains in a non-protected account.

 

[lovinthehd]

That works, though I wonder if you could get FDIC backed CD’s for a little extra interest and security while enjoying the tax advantages of the IRA.

As for me, I was actually in Denver a couple weeks back hashing stuff out with my advisor; he’s a pretty smart guy (I was actually impressed), and we went over everything in detail. They were goodly enough to give me a free vacation too

Haven't really explored my options yet as to what to do longer term. FDIC would be good so hopefully one of my banks has an option perhaps with a transfer.

 

[lovinthehd]

No sweat in an IRA or some such. Taxes would take a chunk, even cap gains in a non-protected account.

Well, might depend how bad things get. FDIC level protection means little to the oligarchs, eh?

 

[Trell]

Well, might depend how bad things get. FDIC level protection means little to the oligarchs, eh?

Well, FDIC is on the chopping board.

>>>Dec 13 (Reuters) - U.S. bank stocks were unfazed on Friday after a report that President-elect Donald Trump's team had floated the idea of shrinking or eliminating a top banking regulator, with analysts saying such a plan would not win the necessary political backing.

In recent interviews with bank regulator candidates, Trump advisers have asked whether the incoming president could abolish the Federal Deposit Insurance Corp (FDIC) and move its deposit insurance function into the Treasury Department, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Officials from the newly founded Department of Government Efficiency (DOGE), which has been tasked with finding major government savings, participated in the interviews, the WSJ said. ...<<<

https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13/

 

[lovinthehd]

Well, FDIC is on the chopping board.

>>>Dec 13 (Reuters) - U.S. bank stocks were unfazed on Friday after a report that President-elect Donald Trump's team had floated the idea of shrinking or eliminating a top banking regulator, with analysts saying such a plan would not win the necessary political backing.

In recent interviews with bank regulator candidates, Trump advisers have asked whether the incoming president could abolish the Federal Deposit Insurance Corp (FDIC) and move its deposit insurance function into the Treasury Department, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Officials from the newly founded Department of Government Efficiency (DOGE), which has been tasked with finding major government savings, participated in the interviews, the WSJ said. ...<<<

https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13/

What a surprise.

 

[Steve81]

What a surprise.

Stable genius at work. I thought I was halfway bright, but he’s clearly seeing moves that I don’t

 

[GO-NAD!]

And now we're back to drumphy withdrawing tariffs for 30 days....saw something that one province at least was going to keep up their tariffs for now, can't blame them. What a mess.

Trade war truce? Not so fast. Trump has Canada's auto sector in his sights | CBC News
So, the big three auto makers got reprieve for a month. What is that going to accomplish? How long does he think it would take to shift production out of Canada and Mexico? How are the auto makers going to contend with higher production costs? Has anyone considered the loss of the Canadian and Mexican markets for these vehicles?

The stable genius is clueless and it's about time MAGA woke up to that fact.

 

[mtrycrafts]

Well, might depend how bad things get. FDIC level protection means little to the oligarchs, eh?

I guess what I tried to convey is that you can trade in an IRA/Roth, etc. without worrying about tax consequences on gains whereas outside of such tax-free account you would pay taxes.

 

[mtrycrafts]

Stable genius at work. I thought I was halfway bright, but he’s clearly seeing moves that I don’t

Stand by. His next bright idea will be one big department under his control, a king, eliminating everyone and he will run it.

 

[GO-NAD!]

Trade war truce? Not so fast. Trump has Canada's auto sector in his sights | CBC News
So, the big three auto makers got reprieve for a month. What is that going to accomplish? How long does he think it would take to shift production out of Canada and Mexico? How are the auto makers going to contend with higher production costs? Has anyone considered the loss of the Canadian and Mexican markets for these vehicles?

The stable genius is clueless and it's about time MAGA woke up to that fact.

Trump pausing tariffs on some Canadian goods until April 2 | CBC News
This pause just kicks the can down the road a few days, so the Canadian government will not be lifting the initial counter-tariffs applied to $30 billion worth of imports from the US. They will remain in effect until/unless the Trump administration drops this trade war and agrees to conform with CUSMA, the trade agreement signed by Trump. However, they did agree to delay implementing the second round of counter-tariffs on a further $125 billion worth of imports from the US until April 2nd.

 

[highfigh]

It's really unfortunate that your country has an inadequate Constitution so does France's.

Exactly, how is it inadequate?

 

[GO-NAD!]

How Trump’s ‘51st State’ Canada talk came to be seen as serious - Oman Observer
While most Americans probably still think it's a joke, if they're thinking about it at all, it has gone well-past the joke stage now.

He (Trump) told Trudeau that he does not believe the treaty that demarcates the border between the two countries was not valid and that he wants to revise the boundary. He offered no further explanation.

The border treaty Trump referred to was established in 1908 and finalized the international boundary between Canada, then a British Dominion, and the United States.

Trump also mentioned revisiting the sharing of lakes and rivers between the two nations, which is regulated by a number of treaties, a topic he's expressed interest about in the past.

While the article describes Canadians as "frayed and deeply concerned", I would put it along the lines of "severely pissed off".

 

[Verdinut]

Exactly, how is it inadequate?

You are an American fellow. Trump can do whatever he wants. You should know the answer a lot more than I on this topic.

 

[Trell]

You are an American fellow. Trump can do whatever he wants. You should know the answer a lot more than I on this topic.

You should think so, but alas, that's not the case.