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Yet the market was up again today

Posted on: July 24, 2018 at 17:45:36 CT

tiger4real MU

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Why is the market shrugging it off? I don’t know, obviously, but it’s interesting to follow.

There is no debate that tariffs are, over the long run, a “tax” on the consumer. So why lower taxes and then throw in tariffs? And why does the market not seem to care? My theory is because the market knows at this point that a Trump is to be taken with a grain of salt. We wants to re-negotiate trade deals and this is how he is doing it.

I have a steel company client I met with today and I asked them about tariffs and their business. I was surprised to hear them say it’s been a non event (so far). They are a small business (roughly 700 employees) so that’s much different obviously than Whirlpool.

But the market is telling us, at least as of now, a trade deal is going to eventually get done. We’ll see. Hate on him all you want, I totally get it, but I wouldn’t bet against him.

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REPLY

MESSAGE THREAD

Why would Trump wreck the best thing going for him? - tjwheeler UI - 7/24 17:32:03

this post didn't age well - blake1771 KC - 7/24 19:41:13

that's what trump has asked for. notice none of the libs - 90Tiger MU - 7/24 20:17:36

I'll wait for something other than a Trump tweet before - tjwheeler UI - 7/24 19:59:26

you continue to make this straw man. it's a tactic, for - 90Tiger MU - 7/24 20:18:13

No, it's really not. Trump believes tariffs are needed. - tjwheeler UI - 7/24 20:42:26

you fail to recognize the carrot and stick approach. he's - blake1771 KC - 7/24 20:03:44

yes - but tj is upset he's trying, i guess. don't challenge - 90Tiger MU - 7/24 20:19:22

I'm not upset. I think he's foolish.(nm) - tjwheeler UI - 7/24 20:42:42

I don't think he loves them. - tjwheeler UI - 7/24 20:08:59

that isn't what you said earlier (nm) - 90Tiger MU - 7/24 20:22:07

Sure is(nm) - tjwheeler UI - 7/24 20:42:56

Wages are flat or falling - raskolnikov MU - 7/24 19:38:33

RE: Why would Trump wreck the best thing going for him? - 90Tiger MU - 7/24 18:44:20

Trump never thinks long-term - raskolnikov MU - 7/24 19:46:24

He thought about Wisconsin, Michigan, Pennsylvania, - 90Tiger MU - 7/24 20:35:24

Okay. I still think it's economically & politically stupid(nm) - tjwheeler UI - 7/24 18:45:56

we know. most do. that isn't what you asked in your OP - 90Tiger MU - 7/24 18:52:24

you think I'm literally asking why he'd do it? - tjwheeler UI - 7/24 19:00:03

that's 5 times you've gone on record in this thread. I'm - 90Tiger MU - 7/24 19:03:25

Then why do you continue to ask me? - tjwheeler UI - 7/24 19:07:09

i haven't once (nm) - 90Tiger MU - 7/24 20:13:43

So, what do you get from being a jerk so much?* - tjwheeler UI - 7/24 20:44:53

china's economy is starting to tank and US GDP will be - afleet MU - 7/24 18:31:40

Thanks. It's not my forte, and I wasn't aware of - tjwheeler UI - 7/24 18:43:05

He's only been talking about redoing trade deals for 30 - MUTGR MU - 7/24 18:23:13

Sure, but doesn't mean it's economically or politically - tjwheeler UI - 7/24 18:40:30

RE: Sure, but doesn't mean it's economically or politically - MUTGR MU - 7/24 18:51:38

either tj forgot what his OP was OR, more likely, he just - 90Tiger MU - 7/24 18:59:28

I've berated no one in this thread. That's your game. - tjwheeler UI - 7/24 19:00:39

hey tj, why do you think trump would do something so - 90Tiger MU - 7/24 19:04:20

My question was why he'd be so stupid. - tjwheeler UI - 7/24 18:56:50

this isn't complicated. try listening to someone when you as - 90Tiger MU - 7/24 18:48:35

You're right it's not. I think tariffs are economically and - tjwheeler UI - 7/24 18:50:35

tj, you're on record 12 times saying tariffs are economicall - 90Tiger MU - 7/24 18:54:39

I'm just responding to your repetitive/condescending posts* - tjwheeler UI - 7/24 18:58:18

RE: I'm just responding to your repetitive/condescending posts* - 90Tiger MU - 7/24 18:59:44

Cool. - tjwheeler UI - 7/24 19:01:00

people don't pay attention to anything, buddy. it's like h - 90Tiger MU - 7/24 18:27:59

He's a phuck up and only interested in - JG MU

- 7/24 17:52:15

^^^people like this are the reason DT is pres^^ (nm) - Sarazen MU - 7/24 18:29:44

OOO that hurts - JG MU

- 7/24 18:58:50

"He's....only interested in his own economy" - MIZ45 MU - 7/24 18:18:02

That’s ignorance that can only come from someone dumb enough - Emoji Man MSU - 7/24 18:01:47

Don't mind him.. he gets his analysis from ThinkProgress - Spanky KU - 7/24 18:02:59

It is uncanny how accurate I am - JG MU

- 7/24 18:06:46

uncanny? No... But a taint? - Spanky KU - 7/24 18:15:06

The only way to destroy the foreign tariffs is to - 4TigersinMichigan MU - 7/24 17:50:59

I categorically disagree. - DC Jayhawk KU - 7/24 18:50:15

First of all, we should only be dealing with china. Period. - GA Tiger MU - 7/24 18:23:38

RE: The only way to destroy the foreign tariffs is to - MrBlueSky MU - 7/24 17:53:07

Tell me more. I'm all ears.(nm) - tjwheeler UI - 7/24 17:54:08

RE: Tell me more. I'm all ears.(nm) - Ferg STL - 7/24 18:01:52

Yep. I didn't realize people actually believed in tariffs - tjwheeler UI - 7/24 18:12:05

nobody here is saying they like tariffs. can you read or ar - 90Tiger MU - 7/24 18:29:03

When did I say anyone liked them? - tjwheeler UI - 7/24 18:35:45

semantics (nm) - 90Tiger MU - 7/24 18:43:23

No, two very different statements. - tjwheeler UI - 7/24 18:45:07

Try again.. nice edit - Spanky KU - 7/24 17:45:49

Yet the market was up again today - tiger4real MU - 7/24 17:45:36

Thanks for the response. - tjwheeler UI - 7/24 17:49:14

sitting around accepting tariffs on US goods and doing - 90Tiger MU - 7/24 18:03:46

Where did I say he was an imbecile with zero thought? - tjwheeler UI - 7/24 18:13:47

lol when haven't you? (nm) - 90Tiger MU - 7/24 18:26:58

What you said(nm) - 4TigersinMichigan MU - 7/24 18:05:23

The problem with that strategy is it’s very costly - tiger4real MU - 7/24 17:57:23

That's a false dichotomy, though. - tjwheeler UI - 7/24 18:16:36

He’s doing what he thinks is best for the country. What I - Emoji Man MSU - 7/24 17:42:26

+1(nm) - afleet MU - 7/24 18:34:08

I could not agree more - 4TigersinMichigan MU - 7/24 17:56:48

Sure, except... - tjwheeler UI - 7/24 17:51:23

You're not wrong - MIZ45 MU - 7/24 18:16:18

But international companies make products and even - tjwheeler UI - 7/24 18:18:10

Key word - imports (nm) - MIZ45 MU - 7/24 18:20:59

Key word- parts(nm) - tjwheeler UI - 7/24 18:22:30

Which isn't what I was speaking of (nm) - MIZ45 MU - 7/24 18:27:33

Okay. (nm) - tjwheeler UI - 7/24 18:36:52

Ok (nm) - MIZ45 MU - 7/24 18:38:12

so he's doing what he thinks is best long term rather than - 90Tiger MU - 7/24 18:05:06

Okay, but I think he'll pay a heavy political and economic - tjwheeler UI - 7/24 18:20:41

Lots of conservatives get upset and lash out (At times I’m - Emoji Man MSU - 7/24 18:27:21

But, I see lots of conservatives who don't even agree - tjwheeler UI - 7/24 18:37:44

yeah, i know. it's all over the papers (nm) - 90Tiger MU - 7/24 18:27:19

Did your parents not validate you enough? My God, dude(nm) - tjwheeler UI - 7/24 18:38:18

Trump’s made the case that the Intellectual Property of - Emoji Man MSU - 7/24 17:58:36

Okay, I can buy that issue as being important, but isn't - tjwheeler UI - 7/24 18:19:51

Part of the same issue. Nothing gets done without Chinese - Emoji Man MSU - 7/24 18:29:09

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