Dow, all time high
- Thread starter Louigi
- Start date
Yeah, Amazon stock has been crazy. I remember when the were just a book store. I just sold some Starbucks stock for a client of mine from Seattle. They got it in the 90's. They got screwed on their whole foods stock because Amazon bought them with cash. Huge capital gain tax.
I love this. Who's expectation is for it to drop another 600 points tomorrow... someone who shorted it?
Some dude who makes a living keeping track of it. I didn't get his name.
No, it was on the Yahoo! Finance page.
I still believe these stupid ass trade wars, the Fed, and just the traditional ineptitude of the financial sector are going to sink us. There already millions in bailouts going to the farmers over this trade war shit. Look at the deficit now. Ford's announcement is not good at all.
That dumbfvck who managed to bankrupt a casino is a lit powder keg.
So you believe we should continue to allow other countries to screw us on trade and what about we audit the Fed? Hell let's just shut all the farmers down, we don't need food anyway. Let's just keep giving money to companies like Solyndra and the like. They are much more beneficial to us than the farmers anyway.
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Eh, it's not really that simple. There's a lot of thing going on including growth in emerging markets, interest rate rises and a stronger dollar that are happening right now. Plus at some point there has to be a correction.
I would prefer to end the Federal Reserve. You can audit it all you want but who's going to conduct the audit? And Donald Trump probably has no idea what the Federal Reserve even does.
We are not going to win a trade war with China.
Oh, no... the financial retard believes the voices in his head.
And, I'm not knocking the welfare going to the farmers. I'm using it to illustrate how we lose the trade war either way.
So was the trade war worth it with Canada and Mexico? And you do realize that trade with China now includes giving them our intellectual property as well?
We have plenty to win it in the long run. The question is how much short term pain will we have.
Down 822 points today
October is always a bad month. Expected another 600 points tomorrow.
"We"? We who? Some "we's" are going to be juuuust fine, regardless.
I'm sure you know that we cannot compete with them from a labor perspective. We all know this. The only possible leverage I can see is that we're their biggest customers. But, not their only customers.
And, this "intellectual property" variable is just another aspect of their culture in contradiction with ours. If you copy someone over there, or replicate something, they see that as honorable and the highest form of flattery. Back in the 1970s, Fender and Gibson and Gretsch and Rickenbacker (all the big name instrument manufacturers in the USA) were placing lawsuits on Japanese manufacturers who were offering "copies" of their models. Those US companies won those lawsuits... back then!
The intellectual property aspect affects me DIRECTLY, right now. I have to hope that people will pay more for my product than theirs. They can create something similar, but not exact, because my attention to detail is much better, and, the overall quality of the product is just better. But, they sell theirs for a quarter of what mine cost, sometimes even less. And, American distributors are acting as intermediaries for them! And, I see every Trump supporter, good-ole-boy musician on Facebook buying the cheap crap and claiming they're MAGA'ing at the same time. Derp!
We absolutely can't. Not with people encouraging $15/hr minimum wages while they have no restrictions and can pay 15 cents/hr. Huge advantage for them.
If the US wins, this will be how it happens. They just simply can't afford having us tell them to F off for too long.
There's an idea. Let's push for slave labor.
If their workers make peanuts, they can last a long time. China owns a LOT of our debt as well. They start unloading treasuries and bailing on our currency and we lose the reserve currency status, and we're proper-fvcked for perpetuity. I don't think most Americans realize how dependent they are on China. But, we'll get to find out. Our president has filed for 6 bankruptcies.
"Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.
Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.
PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession.
Why the discrepancy? Perhaps this will give us an idea: Trump told Washington Post reporters that he counted the first three bankruptcies as just one."
Why would you want to do that? I was just reconfirming your stance that they have a huge labor advantage over us. That advantage isn't in the quality of the labor (in fact, American labor is more skilled), the advantage is in the cost (or lack thereof) of their labor.
I never even said we should do anything to counter that advantage... that's all you man.
Correct. So they probably want to avoid the US telling them they can take that debt and stick it.
Actually, what you said was that America was at a disadvantage because our workers can actually gain leverage and get a legal minimum wage for themselves.
You know where the worst place to be is? In someone's debt. Having someone indebted to you is a powerful place to be. Trying to win a trade war, when you're already in their debt, is ANOTHER reason that a trade war is not winnable. I know it sucks for some people to accept that, but it is the reality we find ourselves in now. If your ego is bruised by the idea of us "having to take it from them", well, that's tough-titty. As always, Mr. Trump is merely offering the illusion of having control over this situation.
Is that not an advantage for China?
I agree. But that assumes that there will be someone to make you honor that debt.
I have no problem accepting that China could win a trade war. So, I'm not sure where that's coming from. And I've stated numerous times that I'm not a fan of tariffs (or export taxes, or any governmental interference hindering free trade - like subsidies for green energy and things of the like).
So, you just like arguing with me about things you basically agree with? I can handle that.
Hmm, whattya know.
I hope you traded on the information and made some money. If not, you should start to follow his predictions - I'm sure he'll make you rich!
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