Trumps Tariffs
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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.
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.
So then no irony really, but he is making an astute observation on the currency and acting accordingly.
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.
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.
Sorry bro I will stick to my comedy stitch then.......LOL I thought maybe I could grow as a person but as Michael Corleone said every time I try and get out they pull me back in.....LOL It is crazy today though just the amount of anger going around from everyone.
America first. I don't care how other countries handle tips and overtime. This is backwards thinking when you worry that the government won't take in enough money if they let you keep yours.
Government does not have a revenue problem. It has a spending problem.
Just curious why you find this to be? Or more so why it would for him specifically?
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.
The government is the problem agreed, but most all are also funded into office and so they have their overlords.
I think we can see this going back to the Gilded Age (robber barons) and has gotten progressively worse over time.
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 was just curious is all. You are correct he would have to take time and he is going to have to think about it. Reasons being is because of who he is soon as the news hit the street that he was moving that sum of money it is going to move that sector of the market. As well as when the news got out he is going to be paying a higher price. Hedgers and traders are going to come out to buy and drive the price up then sell and take their short term profit driving the price back down.
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.
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…
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.
Stocks and anything valued in US dollars. It is a two step process, to sell one, and then buy something like gold or silver
No, if everyone collecting Social Security and Medicare were to die suddenly from some mistake with a vaccine then our budget would be balanced and the US government would look much more solvent.