Do you feel like the winds of change are blowing today too?
POSTED BY: 6ixStringJack
UPDATED: Sunday, September 6, 2026 16:05
VIEWED: 185382
PAGE 133 of 479
Whatever.
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"I don't find this stuff amusing anymore." ~Paul Simon
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Quote:Investors discounted everything Trump has ever said about trade and tariffs. We’re all going to pay for that mistake.
Originally posted by 6ixStringJack:
Whatever.
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"I don't find this stuff amusing anymore." ~Paul Simon
By James Surowiecki | April 4, 2025, 4:35 PM ET
In general, Trump is uninterested in policy, but trade is the one exception, and always has been. His attitude toward trade—namely, that trade deficits are horrible and tariffs are great—has been strikingly consistent for almost 40 years. The way he talks about trade has stayed the same, and his position on tariffs has stayed the same.
What happened on Wednesday, in other words, was not a case of the president throwing the market a curveball. It was a case of him doing exactly what he’d promised to do and what he’s wanted to do for decades.
Understanding Trump’s view requires no great interpretive skills, because his position on trade is a very simple one: If the U.S. has a trade deficit with another country, that means the U.S. is being “ripped off” (a phrase he has used many times in his political career).
For Trump, any trade deficit means that Americans are being played. And Trump hates few things in this world more than feeling that he’s been played.
As former Treasury Secretary Larry Summers wrote on X, “This is to economics what creationism is to biology, astrology is to astronomy, or RFK thought is to vaccine science.” The Trump formula was silly and deceptive, but it was also a perfect expression of his view that trade deficits are evidence that America is being ripped off.
In 2017, during his first year in office, he said: “The United States has trade deficits with many, many countries, and we cannot allow that to continue.” He’s told us who he is and what he wants. We’re all going to pay the price for believing otherwise.
https://www.theatlantic.com/ideas/archive/2025/04/wall-street-trump-ta
riffs/682304/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Investors discounted everything Trump has ever said about trade and tariffs. We’re all going to pay for that mistake.
"What mean this 'we', kimo sabe?"
BTW, trade deficits are bad. So are trade surpluses. “Neither a borrower (deficit) nor a lender (surplus) be“.
Especially not massively and over the long term.
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"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger
AMERICANS SUPPORT AMERICA
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Quote:Signym, "we" in that sentence means "investors" plus unspecified others who are affected by what investors do. An extreme example: The Great Depression was the result of what investors did when the stock market crashed in 1929.
Originally posted by SIGNYM:Quote:
Investors discounted everything Trump has ever said about trade and tariffs. We’re all going to pay for that mistake.
"What mean this 'we', kimo sabe?"
BTW, trade deficits are bad. So are trade surpluses. “Neither a borrower (deficit) nor a lender (surplus) be“.
Especially not massively and over the long term.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal."- Henry Kissinger
AMERICANS SUPPORT AMERICA
Here's a more nuanced explanation:
The Stock Market Crash:
The crash, which began with "Black Thursday" (October 24, 1929) and continued with "Black Tuesday" (October 29, 1929), saw a dramatic and rapid decline in stock prices, wiping out billions of dollars in wealth.
Pre-Existing Economic Weaknesses:
Before the crash, the US economy had several vulnerabilities:
• Overproduction: Industries were producing more goods than consumers could buy.
• Uneven Wealth Distribution: A large portion of the population had limited purchasing power, while a small segment held a disproportionate amount of wealth.
• Speculative Investing: Many people invested in the stock market on margin (borrowing money to buy stocks), creating a bubble that was unsustainable.
• Weak Banking System: Banks were not well regulated, and many had invested heavily in the stock market, making them vulnerable when prices crashed.
• Global Economic Instability: The aftermath of World War I and the global economic downturn also contributed to the instability.
The Crash as a Catalyst:
The stock market crash shattered consumer and business confidence, leading to:
• Reduced Spending: People stopped buying goods and services, causing businesses to cut back on production and lay off workers.
• Bank Failures: Many banks failed, further reducing the money supply and credit availability.
• Increased Unemployment: Millions of people lost their jobs, leading to widespread poverty and hardship.
The Great Depression:
The period following the crash, from 1929 to 1939, is known as the Great Depression, a severe global economic downturn characterized by high unemployment, deflation, and widespread economic hardship.
https://www.google.com/search?q=The+Great+Depression+was+the+result+of
+what+investors+did+when+the+stock+market+crashed+in+1929.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Wow! I keep hearing shit that makes me go wow, Trumps fucked. Trillions lost so far...
T 
Tariff Disaster Has MAGA Media Panicking. The guy in the middle says he is down 7 million bucks. All these guys and others in the video pushed for Trump, voted for Trump. Oh well...
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We're all just freaking out man.
Meanwhile, in reality...
94% of stock is owned by 8% of people.
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"I don't find this stuff amusing anymore." ~Paul Simon
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Tariffs Cause Another Stock Market Rout—Losses Approach $5 Trillion As Dow Plummets Another 2,200 Points
https://www.forbes.com/sites/dereksaul/2025/04/04/tariffs-cause-anothe
r-stock-market-rout-losses-approach-5-trillion-as-dow-plummets-another-2200-points/
tick tock tick tock
T
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You did plenty Barry.
Half of this mess that needs fixing you contributed to.
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"I don't find this stuff amusing anymore." ~Paul Simon
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Quote:Trump's plan to encourage American manufacturing by imposing huge import tariffs was doomed from the moment he offered to negotiate with targeted countries.
Originally posted by 6ixStringJack:
We're all just freaking out man.
Meanwhile, in reality...
94% of stock is owned by 8% of people.
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"I don't find this stuff amusing anymore." ~Paul Simon
The key to making it work was to convince businesses that the new arrangement is durable. Nobody is going to invest in building new factories in the United States to create goods that until last week could be imported more cheaply unless they’re certain that the tariffs making the domestic version more competitive will stay in place forever and ever.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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