Tariff Drop, Negotiating Ploy?

[william the wie]

Well, now you know why Moore had to go, and he won't be the last major $100 million establishment smear job against a patriotic Senate candidate before 2020.

Looking at muni rates in blue states a few things are obvious:

With IL paying 3.75% on tax exempt bonds while the Fed pays 3% taxable on the ten year treasury over and above the more general unfunded liabilities of the Blue wall the blue states are generally bad credit risks. They currently own the top 10 worst rated states for finances, which would not normally be a big deal but what is happening is the exact opposite is of what the blue wall needs

Massive out migration funded by natural disasters and homeowners insurance is having a very different effect than usual and the national economic stats is amplifying this periodic shift.

The SALT and mortgage deduction caps are making this pothole expand rapidly.

Blue states are raising taxes that are no longer deductible.

The war on regulation and the tax bill have made the Blue wall less desirable due to SALT and state/local regulation competition working against them.

Red states are generally experiencing wage push inflation it appears to be hitting double digits here in FL.

That means Fed rate hikes are going to be common until further notice.

The Blue Wall has big problems

 

[Toddsterpatriot]

Well, now you know why Moore had to go, and he won't be the last major $100 million establishment smear job against a patriotic Senate candidate before 2020.

Looking at muni rates in blue states a few things are obvious:

With IL paying 3.75% on tax exempt bonds while the Fed pays 3% taxable on the ten year treasury over and above the more general unfunded liabilities of the Blue wall the blue states are generally bad credit risks. They currently own the top 10 worst rated states for finances, which would not normally be a big deal but what is happening is the exact opposite is of what the blue wall needs

Massive out migration funded by natural disasters and homeowners insurance is having a very different effect than usual and the national economic stats is amplifying this periodic shift.

The SALT and mortgage deduction caps are making this pothole expand rapidly.

Blue states are raising taxes that are no longer deductible.

The war on regulation and the tax bill have made the Blue wall less desirable due to SALT and state/local regulation competition working against them.

Red states are generally experiencing wage push inflation it appears to be hitting double digits here in FL.

That means Fed rate hikes are going to be common until further notice.

The Blue Wall has big problems

Red states are generally experiencing wage push inflation it appears to be hitting double digits here in FL.

There isn't 10% inflation in Florida.

 

[Picaro]

Well, now you know why Moore had to go, and he won't be the last major $100 million establishment smear job against a patriotic Senate candidate before 2020.

Looking at muni rates in blue states a few things are obvious:

With IL paying 3.75% on tax exempt bonds while the Fed pays 3% taxable on the ten year treasury over and above the more general unfunded liabilities of the Blue wall the blue states are generally bad credit risks. They currently own the top 10 worst rated states for finances, which would not normally be a big deal but what is happening is the exact opposite is of what the blue wall needs

Massive out migration funded by natural disasters and homeowners insurance is having a very different effect than usual and the national economic stats is amplifying this periodic shift.

The SALT and mortgage deduction caps are making this pothole expand rapidly.

Blue states are raising taxes that are no longer deductible.

The war on regulation and the tax bill have made the Blue wall less desirable due to SALT and state/local regulation competition working against them.

Red states are generally experiencing wage push inflation it appears to be hitting double digits here in FL.

That means Fed rate hikes are going to be common until further notice.

The Blue Wall has big problems

I think it's just population increases in the southern states, along with housing prices going up at in the top end and low end housing markets. We're seeing a return of dubious mortgage lending again on the rise; most people erroneously think those were regulated away, but they're highly mistaken nothing was done about them. We're seeing that here in parts of Texas, with Californians and Red River wetbacks flooding in. The infrastructure couldn't handle what we already had, especially roads and utilities.

But the biggest is of course the ongoing concentration and monopolization of industries, especially since the 2008 collapse and bailouts. Those leveraged buyouts require increases in prices to pay for them plus a profit.

 

[william the wie]

Well if the economy in the Blue Wall does not improve by the end of this month by a lot, the old definition of a recession, two quarters of negative growth, will have been reached. The problem is mostly in the real estate market and while so far no big increase in invisible lightening strikes not many stories about reconstruction either.

 

[Picaro]

The big boys can still get free money from the Fed. When they choke on that, look for speculators and many mutual funds and institutional managers to start going short and racing back to blue bonds.

 

[william the wie]

The big boys can still get free money from the Fed. When they choke on that, look for speculators and many mutual funds and institutional managers to start going short and racing back to blue bonds.

IL has been in non-bond default for more than 20 years. For all the gory details on that ask 2a guy to start or revive a thread on the subject.

The shift out of Silicon Valley is being driven by the wage expense for software engineers in the rust belt being only 25-30% of that in Silicon Valley. Also CA is and has been in technical default for quite sometime and I kid you not state buildings are being used as collateral to roll over debt. (CA guarantees repayment of a huge number of in state local muni zero coupon bonds. The guarantees are not listed as state debts even though the localities went either bankrupt or into default. Firing the police and fire departments is another Cali trick that is somewhat dubious but popular cost savings as well. )

In Greater NYC a huge percentage of housing prices are adversely affected by the mortgage deduction cap.

What kind of idiot would buy these guaranteed to default issues?

 

[Toddsterpatriot]

The big boys can still get free money from the Fed. When they choke on that, look for speculators and many mutual funds and institutional managers to start going short and racing back to blue bonds.

The big boys can still get free money from the Fed.

Nobody gets free money from the Fed.
Currently, at the Fed Discount Window, the rate charged is 2.00%.
Is that a good rate for banks to borrow at?
Well, at the end of last week, banks were borrowing $8 million in primary loans at the Discount Window.

Seems like the big boys don't need 2% money from the Fed at the moment.

 

[Flopper]

Assuming Trump's end game is a level playing field is this mostly histrionics to get Canada and Mexico off their high horses? How hard ball will this get? What kind of collateral damage to bystanders such as China and the EU is he willing to inflict?

I doubt it will bring Mexico to the bargaining table since they are not a major producer of either product but they do produce ore needed for production. So the tariffs are not likely to hurt Mexico. They might even help them a bit, Canada however is a different story. They are large producers of both Aluminum and Steel.

Retaliation is a given. Every government is under pressure to apply tariffs to protect their industries. The most probably retaliation will be agricultural products, particularly Soybeans. The US is the largest producer in the world but has a lot of completion. Both China and Canada have large growing production and will not hesitate to retaliate. The only thing that holds back retaliation is knowledge that a worldwide trade war could result in which there would be no winners.

This is just another one of Trump's crazy ideas. He made a campaign promise and he thinks he needs to fulfill. Every time he feels the pressure from the media on one issue, he creates another to grab the headlines to distract his opponents.

 

[Flopper]

Assuming Trump's end game is a level playing field is this mostly histrionics to get Canada and Mexico off their high horses? How hard ball will this get? What kind of collateral damage to bystanders such as China and the EU is he willing to inflict?

You're not forming the question the right way, the question is, "how much is China, Canada and Mexico willing to pay for their government patsies as they betray capitalist concepts and exploit America before they decide to change their ways"?

This is long overdue. Trump just solidified the Rust Belt votes and I predict he will also get more votes from Black and Hispanic communities who want opportunities and their dignity back, not subsidizing some communist/socialist foreign government to steal these jobs.

It might well help steel mills and aluminum production. However, it is very likely to have a negative effect on US car dealers, Auto manufacturers, Boat manufacturers, The beer industry, and Retailers. If other countries retaliate, it will hurt all Americans. Fears of inflation will become reality and the stock market will plummet. Nobody wins a trade war.

 

[william the wie]

Assuming Trump's end game is a level playing field is this mostly histrionics to get Canada and Mexico off their high horses? How hard ball will this get? What kind of collateral damage to bystanders such as China and the EU is he willing to inflict?

I doubt it will bring Mexico to the bargaining table since they are not a major producer of either product but they do produce ore needed for production. So the tariffs are not likely to hurt Mexico. They might even help them a bit, Canada however is a different story. They are large producers of both Aluminum and Steel.

Retaliation is a given. Every government is under pressure to apply tariffs to protect their industries. The most probably retaliation will be agricultural products, particularly Soybeans. The US is the largest producer in the world but has a lot of completion. Both China and Canada have large growing production and will not hesitate to retaliate. The only thing that holds back retaliation is knowledge that a worldwide trade war could result in which there would be no winners.

This is just another one of Trump's crazy ideas. He made a campaign promise and he thinks he needs to fulfill. Every time he feels the pressure from the media on one issue, he creates another to grab the headlines to distract his opponents.

Mostly agree but Canada has never wanted a trade agreement with Mexico and desperately wants one with the US. Mexico's president knows this about Canada. Playing one against the other is a game theory gimme.

 

[william the wie]

Assuming Trump's end game is a level playing field is this mostly histrionics to get Canada and Mexico off their high horses? How hard ball will this get? What kind of collateral damage to bystanders such as China and the EU is he willing to inflict?

You're not forming the question the right way, the question is, "how much is China, Canada and Mexico willing to pay for their government patsies as they betray capitalist concepts and exploit America before they decide to change their ways"?

This is long overdue. Trump just solidified the Rust Belt votes and I predict he will also get more votes from Black and Hispanic communities who want opportunities and their dignity back, not subsidizing some communist/socialist foreign government to steal these jobs.

It might well help steel mills and aluminum production. However, it is very likely to have a negative effect on US car dealers, Auto manufacturers, Boat manufacturers, The beer industry, and Retailers. If other countries retaliate, it will hurt all Americans. Fears of inflation will become reality and the stock market will plummet. Nobody wins a trade war.

Don't know where you live but inflation was here in FL long before the tariff talk wage push inflation was here at least in the building trades.

 

[Zander]

Trump haters obsess over every utterance or phrase that he makes. One thing they never learn is that with Trump, it's all a negotiation. Trump starts every negotiation with a hard line- and he gets great results.

Democrats want to go in with a pre-greased asshole and knee pads. Then they'll wonder why we are getting ass fucked!

We'll see how it plays out.

 

[william the wie]

Trump haters obsess over every utterance or phrase that he makes. One thing they never learn is that with Trump, it's all a negotiation. Trump starts every negotiation with a hard line- and he gets great results.

Democrats want to go in with a pre-greased asshole and knee pads. Then they'll wonder why we are getting ass fucked!

We'll see how it plays out.

The problem with Trump is you can never figure out his end game. Take his tax bill, is the goal to flip CA, IL, NJ & NY by cutting off the Ds cash line in those states or what?

 

[OnePercenter]

Assuming Trump's end game is a level playing field is this mostly histrionics to get Canada and Mexico off their high horses? How hard ball will this get? What kind of collateral damage to bystanders such as China and the EU is he willing to inflict?

You're not forming the question the right way, the question is, "how much is China, Canada and Mexico willing to pay for their government patsies as they betray capitalist concepts and exploit America before they decide to change their ways"?

This is long overdue. Trump just solidified the Rust Belt votes and I predict he will also get more votes from Black and Hispanic communities who want opportunities and their dignity back, not subsidizing some communist/socialist foreign government to steal these jobs.

You're overthinking this. Trump could care less about jobs, it's all about the market gains.

 

[tycho1572]

Trump knows exactly what he’s doing. His goal is to accomplish everything he promised during his campaign. His main goal is to improve the lives of every American.
The approach this man is taking is genius!

Trump is a lot smarter than some think. In a way... he reminds me of Colombo. lol

 

[OnePercenter]

Trump knows exactly what he’s doing. His goal is to accomplish everything he promised during his campaign. His main goal is to improve the lives of every American.
The approach this man is taking is genius!

Trump is a lot smarter than some think. In a way... he reminds me of Colombo. lol

What a chump! Trump firmly believes that he is the President of the United States of Corporate America. He has done NOTHING for the working class.

 

[tycho1572]

Trump knows exactly what he’s doing. His goal is to accomplish everything he promised during his campaign. His main goal is to improve the lives of every American.
The approach this man is taking is genius!

Trump is a lot smarter than some think. In a way... he reminds me of Colombo. lol

What a chump! Trump firmly believes that he is the President of the United States of Corporate America. He has done NOTHING for the working class.

Try selling that nonsense to the millions who are now employed. lol

 

[william the wie]

Trump knows exactly what he’s doing. His goal is to accomplish everything he promised during his campaign. His main goal is to improve the lives of every American.
The approach this man is taking is genius!

Trump is a lot smarter than some think. In a way... he reminds me of Colombo. lol

What a chump! Trump firmly believes that he is the President of the United States of Corporate America. He has done NOTHING for the working class.

Wellyou don't get any pay checks or know any one who does.

 

[william the wie]

Trump knows exactly what he’s doing. His goal is to accomplish everything he promised during his campaign. His main goal is to improve the lives of every American.
The approach this man is taking is genius!

Trump is a lot smarter than some think. In a way... he reminds me of Colombo. lol

What a chump! Trump firmly believes that he is the President of the United States of Corporate America. He has done NOTHING for the working class.

Try selling that nonsense to the millions who are now employed. lol

At very best 1%er is a trust baby and more likely he's still living in mom's basement.

 

[OnePercenter]

Trump knows exactly what he’s doing. His goal is to accomplish everything he promised during his campaign. His main goal is to improve the lives of every American.
The approach this man is taking is genius!

Trump is a lot smarter than some think. In a way... he reminds me of Colombo. lol

What a chump! Trump firmly believes that he is the President of the United States of Corporate America. He has done NOTHING for the working class.

Try selling that nonsense to the millions who are now employed. lol

The millions of Americans that are under employed or must work a second or more jobs to make ends meet?