Trump Plays Dangerous Game Of Chicken With Trade Tariffs

Discussion in 'Politics' started by Tom B, Jun 3, 2018.

  1. Humpy

    Humpy

    Living in your own little world in the US you only see one side of the story.
    The Rest of the World is a much bigger place.
    He treats us with contempt.
     
    #461     Jul 16, 2018
    Stocktracker likes this.
  2. Sprout

    Sprout


    Easy fact check:

    highest in-party support ever, <- don't know what this means

    approval rating higher than obama at this point of presidency, -> False
    https://www.factcheck.org/2018/04/presidential-approval-numbers/

    gdp about to hit 3% per the atlanta fed, -> False
    https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

    QQQ/IWM making fresh highs, -> True

    obama care gone, -> Sabotage

    lowest unemployment ever for blacks, hispanics and women -> Fudgy
    https://www.npr.org/2018/01/08/5765...loyment-rates-for-african-americans-hispanics
     
    #462     Jul 16, 2018
  3. Sprout

    Sprout


    3,4 bankruptcies? um, no more like 6. It's true he has never declared personal bankruptcy.
    https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

    https://www.washingtonpost.com/news...rumps-business-empire/?utm_term=.7ed3123c41d8

    https://www.forbes.com/sites/timwor...s-actually-a-pretty-good-record/#7c0f35f6486a

    The guy gets props for branding himself like a pro athlete and a presidential election upset. However, imho, his skills and strengths are more aligned with the private sector than the public one.
     
    Last edited: Jul 16, 2018
    #463     Jul 16, 2018
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  4. schweiz

    schweiz

    #464     Jul 16, 2018
  5. @ironchef this is completely understandable. However, you have to look at the long run if you want to be savvy and frugal at the same time.

    A few facts about car buying:

    - Buy a used car: Buy a used vehicle that is one/two years old. On average, new cars lose 10-11% of their value the moment they are driven off the lot. By the end of the first year, that same car will lose another 10% on average. In the years immediately after that, the depreciation a vehicle experiences becomes more gradual.

    - Sell it before its value drops: Around the sixth year of a vehicle's life, it will experience the second steepest drop in depreciation. Although it happens at different times for different vehicles, it usually occurs between years six and seven. Atlernatively, you can drive it to the ground, but you need to have a Japanese car (think Toyota, Honda) for this, so the maintenance/repair cost does not over-burden you financially.

    - Reliability is everything!: Make sure the car is reliable. The savings that one may get via an American car may just end up getting washed down with the low reliability. Take into consideration the inconvenience and time cost and the $3k saving may not be all that. Most reliable cars tend to be Japanese, followed by German and then American. Here is a CR survey on car reliability.

    Hope this helps.
     
    #465     Jul 16, 2018
    Optionpro007 likes this.
  6. dozu888

    dozu888

    in party support - https://qz.com/1295674/donald-trump-now-owns-the-republican-party/
    atlanta fed - https://www.frbatlanta.org/cqer/research/gdpnow.aspx
    approval rating not false - in your own link he was higher on certain days... and if not for the 90% negative media coverage he'd be much higher than obama.
    obamacare is a head wind for small biz. removal is not sabotage.

    point is there is a lot good stuff going on, that's reflected in my tax bills and my portfolio.... the haters have to be in denial of all that and keep pushing the narrative.
     
    #466     Jul 16, 2018
  7. dozu888

    dozu888

    so you are a foreigner.... that means the 'cry uncle' strategy is working then.... tell your government to come clean on fair trade and all is fine.
     
    #467     Jul 16, 2018
  8. Perhaps. I don't like or trust politicians in general, so I am biased for any type of real 'executive' leadership. If you look at interviews Trump gave three decades ago, he was already talking about how other countries were taking advantage of American generosity and how it was destroying/affecting our own native industries. Not sure what the end result will be, but if I am not mistaken, the economic changes he has and is trying to implement will have good economic repercussions well after he has passed away...

    https://www.investors.com/politics/editorials/income-tax-revenues-trump-tax-cuts-economic-growth/
     
    #468     Jul 16, 2018
  9. dozu888

    dozu888

    have discussed many times... this bankruptcy narrative is just the fake news media brain washing... yes personal bankruptcy is a big deal... 6 out of that portfolio going bad is about industrial average for commercial real estate... the man is a successful bizman, period.

    imo the public sector can't hold candle to the private in terms of efficiency... so bringing some best practice from the private into the public is a good thing.... and in terms of foreign policy, he's certainly doing better than that know-nothing community organizer.
     
    #469     Jul 16, 2018
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  10. dozu888

    dozu888

    yes, watched several interviews from decades ago... the man is a true patriot and trying to bring the country back to greatness.... very lucky to have this potus.
     
    #470     Jul 16, 2018
    Optionpro007 likes this.