Posts Made By: Maurice Clark

Originally Posted by Jim Moscheck

Man, this forum software is really getting wonky. I tried editing the above post and it won't let me.

Must be suffering from all the garbage spewed out by dickie dodgeball!  izzy:

S& down 1.1%, Nasdaq down 2%. All as a result of dickie's orange god's car tariffs. Still laughing dickie?

Originally Posted by Jim Moscheck

The dealership told me they have a very high inventory right now and they are in good shape for most cars, but not the model I wanted, for the immediate future, but when those are gone the replacements will be 25% more if Trump follows through on his tariffs.

In trumpworld that is called "reducing inflation". richie will cheer.

Beautiful images Jim. I can see why you are not worried about satellites! 

Originally Posted by Richard Davis

Not to worry.  Good time for you to buy them back since you sold all your stocks a month back.

Do you regret selling them now and getting out of the market?

I don't know about Rod dickie, but I certainly am glad. The US stock market has had it worst month in ages.

Worst month and quarter for S& 500 in more than two years
Stephanie Chalmers profile image

By Stephanie Chalmers

The S& 500 may have finished in positive territory today, but March was not a good month for the major US index.
S& 500 year to date (LSEG Refinitiv)

The S& 500 had its biggest quarterly decline since the third quarter of 2022, and its biggest monthly percentage loss since December 2022.

It was a similar monthly milestone for the Nasdaq, which had its worst quarter since Q2 2022.

Originally Posted by David Cotterell

"Hi, guys, Rich here.  Sorry for that post yesterday - I should have checked the story more carefully and I am sorry for any upset I may have caused.  I shall endeavour to do better in the future."

s/

Hi David,

You were a day late. Yesterday was April Fool's day. Good one though.

Maurice

Originally Posted by Jim Moscheck

It’s tough being a world traveler, but someone has to do it. Spending my kids inheritance one cruise at a time.

Smart move Jim. As the old joke says... "I being of sound mind, I spent every cent I ever earned".
Enjoy the cruise. Hope to see you "Down Under" sometime for some great observing.

Maurice

Originally Posted by Rod Kaufman

It's equally likely a safe bet that the ardent and fervent supporter of the Trump "JD" Putin-commie team also believes Trump when he calls his tariffs "Liberation Day" while the rest of us call it "Recession Day"...

Hi Rod,

Recession is right. With all the tariffs dickie's orange god just announced, get ready for big price increases. And if other countries retaliate and a full-blown trade way results, the entire world could be headed for recession. It will be interesting to see what happens on Wall Street tomorrow.

By the way, I hope you are not a big beef eater. I see he is intending to ban imports of Australian beef, supposedly because Australia does not import any uncooked beef from the US. I guess it shows he does not understand the concept of bio-security.

Maurice

Originally Posted by Rod Kaufman

Lol! I gotta admit for a sucky day for all in the market, you're post is truly a laugher!

For starters, your "investments" in the market must be the only ones that didn't take a hit today which not only speaks to the veracity of the statement but seems consistent with the team-messaging from Fox's Faulkner that we all gotta contribute to the "war effort" in seeing these tariffs through no matter how much pain and sacrifice they entail.

Hi Rod,

Got to agree. dickie dodgeball is just parroting right-wing spin. And you do have to wonder if he really does have any investments in stocks. Stockmarkets around the world took a massive hit yesterday. Here is an excerpt from yesterday's editorial of that bastion of left-wing pinko conspiracies The Economist:-

"Almost everything Mr. Trump said this week—on history, economics and the technicalities of trade—was utterly deluded. His reading of history is upside down. He has long glorified the high-tariff, low-income-tax era of the late-19th century. In fact, the best scholarship shows that tariffs impeded the economy back then. He has now added the bizarre claim that lifting tariffs caused the Depression of the 1930s and that the Smoot-Hawley tariffs were too late to rescue the situation. The reality is that tariffs made the Depression much worse, just as they will harm all economies today. It was the painstaking rounds of trade talks in the subsequent 80 years that lowered tariffs and helped increase prosperity.

On economics Mr. Trump's assertions are flat-out nonsense. The president says tariffs are needed to close America's trade deficit, which he sees as a transfer of wealth to foreigners. Yet as any of the president's economists could have told him, this overall deficit arises because Americans choose to save less than their country invests—and, crucially, this long-running reality has not stopped its economy from outpacing the rest of the G7 for over three decades. There is no reason why his extra tariffs should eliminate the deficit. Insisting on balanced trade with every trading partner individually is bonkers—like suggesting that Texas would be richer if it insisted on balanced trade with each of the other 49 states, or asking a company to ensure that each of its suppliers is also a customer."

They also denounced Trump's trade war as "the most profound, harmful and unnecessary economic error in the modern era."

Originally Posted by James Lacey

What he's doing is entirely bonkers. It will not bring back manufacturing to the US or lower prices. These reciprocal tariffs are also equally insane. We must import stuff because we don't make it or have enough of it. Coffee from Central and South America and lumber from Canada come to mind. Even if we opened every national park for logging, we could never produce enough lumber to sustain our building and construction commerce. So, imposing tariffs there merely because you see a trade deficit is simple-minded and naive. Every case of trade needs to be examined and considered on its merit. The tariffs are not even "reciprocal." Instead, they are being imposed simply because there is a trade deficit, regardless of whether or not that trade imbalance is logical or benefits us. A trade imbalance does not inherently mean the other country cheats us. This policy is reckless and careless and will cause unnecessary pain.

Hi James,

It is not only bonkers, but it has been done without any intelligent or human input.

It has been shown that, if you put the phrase "balance bilateral trade deficits" into AI engines, the administration's approach (or some close approximation) is what you get. That is the case with ChatGPT, Gemini, Grok, and Claude. If you put the phrase into Grok, you get the EXACT formula the White House used. In other news, Grok is the AI platform owned by... Elon Musk.

You can see how stupid their "approach" was. They put a tariff on Heard Island, which is uninhabited, except by penguins, I wonder what they will export to the US, and a 29% tariff on Norfolk Island, which has no manufacturing or exports to the US! Their only industry is tourism.

The way these tariffs have been "calculated" was first figured out by Author and economist James Surowiecki. This is his explanation:

    "Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

    So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is"