[DrVenture]

Originally Posted by 3798j

Two Warren Buffet quotes worth noting today...

"Be fearful when others are greedy and greedy when others are fearful."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

As someone who planted two beautiful shade trees on either side of his Southern facing patio 25 years ago, I would be the one who plants them and is sitting in the shade. As someone who sold a large amount of higher risk stocks before the market began receding, I also abide by the first quote.

There is definitely money to be made in this chaos. First you need vast amounts of dry powder. Then one needs to determine if are we closer to a beginning or closer to an end. My observation is that most people have a very hard time buying into weakness.

Another relevant quote, "Do you feel lucky..."

[XutvJet]

Originally Posted by Tyga11

Buy American and you won't have to worry about this

A new Ford F150 is full of Mexican, Chinese, Asian, and Canadian parts. All those parts are subject too. American auto companies are some of the worst offenders. It's a global economy.

To believe that American jobs will come back because of this is hilarious. A vast majority of Americans don't want to be factory workers.

This is all such a shame.

[Tyga11]

Originally Posted by ASAP

care to share with all of us what the American alternative to an M3 Comp X is?

Cadillac CT4 BlackWing

I'll be damned if I was going to pay 25% more for anything foreign because of a tariff.

We need to stop giving these companies the power.

[Tyga11]

Originally Posted by XutvJet

A new Ford F150 is full of Mexican, Chinese, Asian, and Canadian parts. All those parts are subject too. American auto companies are some of the worst offenders. It's a global economy.

To believe that American jobs will come back because of this is hilarious. A vast majority of Americans don't want to be factory workers.

This is all such a shame.

Who knows. Why are these countries allowed to tariff us? Why does no one say anything?

Let's see how this plays out. I'm willing to take a little blood and ride this out and see if it turns out for the better.

[RockCrusher]

Originally Posted by Tyga11

Who knows. Why are these countries allowed to tariff us? Why does no one say anything?

Let's see how this plays out. I'm willing to take a little blood and ride this out and see if it turns out for the better.

I'm with you. Yeah the headlines are "scary". Market is down some. 'course, that means for every share sold there was a buyer.

And silliness prevails.

Example: Stellantis announced 900 temporary layoffs due to the tariff bite. Yeah, right.. Just like that.

And I read some news stories about businesses encouraging people to buy buy buy now before prices go up.

Let's see how this plays out.

[ASAP]

this is good for a few laughs... i tested it and its true lol

https://www.latintimes.com/trump-acc...a-so-ai-579899

[Mech Spec]

"Why are these countries allowed to tariff us?"

Are you being serious? A tariff is a TAX on your OWN COUNTRY. Other country puts tariff on US stuff, they are taxing themselves.

Your response to other people imposing high taxes on themselves for arbitrary reasons is "we should do that too!"

[ASAP]

Originally Posted by Tyga11

Who knows. Why are these countries allowed to tariff us? Why does no one say anything?

Let's see how this plays out. I'm willing to take a little blood and ride this out and see if it turns out for the better.

the part that you seem to be missing is that the EU imports only 1/3 of what we import from them... simply because no one wants our shit outside of what we offer in tech, military, farm equipment and a few minor other industries... they virtually do not buy american cars because they do not meet their needs... yea the guy in florence italy is gonna be buying a suburban lol... have you traveled outside of the US in your life mate?

[ASAP]

Originally Posted by Tyga11

Cadillac CT4 BlackWing

I'll be damned if I was going to pay 25% more for anything foreign because of a tariff.

We need to stop giving these companies the power.

yes GM products are brilliant lol... cheapest BMW M car for 20k less vs a Vette -

[Donut Lord]

Originally Posted by ASAP

yes GM products are brilliant lol... cheapest BMW M car for 20k less vs a Vette -

Came from a Gen 5 Camaro, no they aren't! haha jk

[Sedan_Clan]

I think this approach needs to given time before we can fully assess its effectiveness. The sky is falling …..but it isn’t. Tariffs aren’t new, and it wasn’t that long ago that the U.S. survived completely off tariffs (…pre income tax). People and businesses will adjust, and life will continue to go on.

[dumptruck]

I cant with you people smdh

[Mech Spec]

Guys 100 years ago wasn't that long ago! Also nothing bad happened in 1929!

Also America was a great place to live in the early 1900's! (Hint: it was atrociously bad compared to post ww2 except for a very small subset of people)

[3798j]

"Buy when there's blood in the streets." - - - Baron Nathan Mayer Rothschild, a 19th-century British banker.

[floridaorange]

Originally Posted by ASAP

it's a bit hard for me to believe that ONLY current policies are driving this...

if you look at the unemployment report over many months, you'll see most job growth and hiring came from GOVT and Healthcare... white collar / professional jobs have not been good for at least 2 years.... and the number of people I know across ALL industries that I talk to that have been laid off is massive... with very little prospects in finding another good job that pays as well.

So fundamentally a huge part of the employed population is now slowly starting to be unemployed and losing the wage growth they've had... all while inflation has slowed down albeit still not within any accepted targets.

Housing market is effectively frozen right now as well...

All of those things have been true for months now... with only the stock market rolling up until the last month... now I think things will get worse but the downturn didn't start a month ago... unless folks solely look at their 401k... of which most america does unfortunately because they aren't well educated...

now none of these things define a recession... but if gdp turns negative.... then it will be seen in many metrics... i continue to be of the mindset that nothing since Covid has been real as prices are finally catching up to most consumers

All facts

[Tyga11]

Originally Posted by Sedan_Clan

I think this approach needs to given time before we can fully assess its effectiveness. The sky is falling …..but it isn’t. Tariffs aren’t new, and it wasn’t that long ago that the U.S. survived completely off tariffs (…pre income tax). People and businesses will adjust, and life will continue to go on.

He's going to negotiate a better deal. The democrats are fine with running a huge deficit and our economy would crash within 5 years. He's getting away of this. He actually has the balls to do something and inflict a little short term pain to bring back American jobs.

I see nothing wrong with any of this. I would actually be in favor of increasing the tariffs even more and let them blink first. We have all the leverage here.

When it comes to cars, I have no issue with never buying a foreign car again.

[Tyga11]

Originally Posted by ASAP

yes GM products are brilliant lol... cheapest BMW M car for 20k less vs a Vette -

It's actually not a bad car. Have you driven one? It's not as good as a BMW but it's close and you will get the same enjoyment. Go test drive one and stop watching YT Videos

[dumptruck]

Originally Posted by ASAP

are you able to explain the benefits of implementing these tariffs to an average person and how is this supposed to help anyone?

if the idea here is to replace income tax w tarriffs... then good job, you just created a consumption tax which only benefits the wealthy... and you will still run a deficit which could be even worse if consumers stop purchasing based on the price... the last time we had tarrifs of this level, the world was nowhere near as interconnected... remember income tax is a requirement, a consumption tax will only be collected if consumption continues... this is all devoid of any reasonable economic explanation which is why no one has done it...

My current theory is that this is an inroads to bypassing congress and installing tyranny. Sure, the pesky constitution gives congress the power to appropriate tax dollars, but the executive currently controls how tariffs are spent. If all revenue is now derived through tariffs, congress has nothing to appropriate and all spending becomes dependent on a partisan executive. Why outlaw and disband congress openly like other dictators when you can just render them superfluous and ignore them?

"We are in a second revolution and it will be bloodless if they let it."

[dumptruck]

Wow, lots of censorship in this thread.

[Tyga11]

Originally Posted by RockCrusher

I'm with you. Yeah the headlines are "scary". Market is down some. 'course, that means for every share sold there was a buyer.

And silliness prevails.

Example: Stellantis announced 900 temporary layoffs due to the tariff bite. Yeah, right.. Just like that.

And I read some news stories about businesses encouraging people to buy buy buy now before prices go up.

Let's see how this plays out.

We needed a correction anyways. Nasdaq is down like 20% off ATH. That's normal. This is flushing all the scared money out

[dumptruck]

Originally Posted by Tyga11

We needed a correction anyways. Nasdaq is down like 20% off ATH. That's normal. This is flushing all the scared money out

[Tyga11]

Originally Posted by dumptruck

If your time horizon is at least >5 years why do you care? The market always comes back. I have been buying the past 2 days...AMZN is below $180 now...