The Stock Market Was Overdue for a Correction

[TheGreatSatan]

So they use the excuse of tariffs to get 'er done.

The market has been mainly 7 stocks strong, and that is never a good thing. It was bad enough decades ago with 'the nifty fifty', now down to seven.

Gold, IMO, is overvalued as well.

Democrats should buy the fear porn and sell sell sell

 

[TheGreatSatan]

Friends of America have no tariffs on America. America has no tariffs on its friends.

 

[konradv]

So they use the excuse of tariffs to get 'er done.

The market has been mainly 7 stocks strong, and that is never a good thing. It was bad enough decades ago with 'the nifty fifty', now down to seven.

Gold, IMO, is overvalued as well.

Trump is overdue for a correction. The market was fine, until Donny got his grubby little hands on it.

 

[dudmuck]

 

[OhPleaseJustQuit]

I’ll enjoy watching you lie to yourself.

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It's a kick, and it'll get better as the Trump Golden Era continues to unfold.


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[OhPleaseJustQuit]

This is our President playing with our lives.

View attachment 1096916

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Please go on proving to us just how childish you are, as this post does so well.





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[rightwinger]

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It's a kick, and it'll get better as the Trump Golden Era continues to unfold.


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Wealthy investors are not that confident in the Trump economy

WTF is he doing!

 

[OhPleaseJustQuit]

Wealthy investors are not that confident in the Trump economy

WTF is he doing!

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What gives you the idea that he confides in me?




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[kyzr]

Wealthy investors are not that confident in the Trump economy

WTF is he doing!

Trump is leveling the tariffs so the US is not at a disadvantage.
Trump wants to increase manufacturing in the US.

I'd have preferred if he was more of an incrementalist, say starting with cars, then move on to the other big ticket items that we have a shot of manufacturing competitively.

The only justification I can think of for "ripping the tariff bandaid off" is that we need the added revenue to keep the dollar from losing "reserve currency" status by reducing the deficit.

 

[rightwinger]

Trump is leveling the tariffs so the US is not at a disadvantage.
Trump wants to increase manufacturing in the US.

I'd have preferred if he was more of an incrementalist, say starting with cars, then move on to the other big ticket items that we have a shot of manufacturing competitively.

The only justification I can think of for "ripping the tariff bandaid off" is that we need the added revenue to keep the dollar from losing "reserve currency" status by reducing the deficit.

Trump is making a big gamble
Like you said, rather than make incremental bets, he is throwing all his money into the pot.

I don’t mind selective tariffs but to start a Trade War with the whole world is a losing strategy.

 

[Independent thinker]

So they use the excuse of tariffs to get 'er done.

The market has been mainly 7 stocks strong, and that is never a good thing. It was bad enough decades ago with 'the nifty fifty', now down to seven.

Gold, IMO, is overvalued as well.

I've been warning my wife for about a year now. Biden artificially inflated the stock market through government debt and increasing the size of government. Eventually it was going to have a big correction. The bubble had gotten really big and, yes, Trump took a toothpick to that bubble and burst it but it was going to burst anyway.

 

[John Edgar Slow Horses]

I've been warning my wife for about a year now. Biden artificially inflated the stock market through government debt and increasing the size of government. Eventually it was going to have a big correction. The bubble had gotten really big and, yes, Trump took a toothpick to that bubble and burst it but it was going to burst anyway.

Trump did this, not Biden.

Trump did this.

 

[rightwinger]

I've been warning my wife for about a year now. Biden artificially inflated the stock market through government debt and increasing the size of government. Eventually it was going to have a big correction. The bubble had gotten really big and, yes, Trump took a toothpick to that bubble and burst it but it was going to burst anyway.

The economy was fine as it was
Market was strong, we had strong economic partnerships, the world wanted American products

Trump blew it up and started a Trade War
The world is pissed at America and will seek out other trade partners who keep their agreements

 

[kyzr]

Trump is making a big gamble
Like you said, rather than make incremental bets, he is throwing all his money into the pot.
I don’t mind selective tariffs but to start a Trade War with the whole world is a losing strategy.

He's not throwing all his money in he pot, he's throwing all of OUR money in the pot.
Someone said that a $40T Debt is the "tipping point" for the US to lose reserve currency status.
If that is true now is the time to pull the ripcord, break the glass, and hit every button you can to cut the deficit.
I even like that Congress is considering adding 1% to the top tax rate, to 40%.

Senate GOP approves framework for Trump's tax breaks and spending cuts after late-night session

The Republican-controlled Senate has approved a budget framework that includes multitrillion-dollar tax breaks and spending cuts

www.boston25news.com

Over 10-years
$7T in more spending (extending tax cuts plus new Trump tax cuts)
$4T in spending cuts (unspecified, but DOGE should easily cover this, plus new tariff revenue of about $500b/yr)

What I don't see anywhere is the total 2026 budget cost.
Trump-45 budgets were $4.xT and Biden's budgets were $7.xT

I see no mention of a Rescission Package deleting Biden's wasteful spending items
$375b to Podesta
$20b to EPA slush fund (Zeldin)
$2b to Stacy Abrams
$42b for charging stations (not built)
$140b annual DOGE savings

That is $579b annual savings, plus new tariff revenue, from a Biden $7.3T 2025 budget or $6.3T UGH. Still too high.
Revenue is only ~$5T, so we still need to cut spending and raise revenue by at least $1.3T a year.
My recommendation would be to send Welfare back to the states in phases to save the $1.3T a year.

 

[rightwinger]

He's not throwing all his money in he pot, he's throwing all of OUR money in the pot.
Someone said that a $40T Debt is the "tipping point" for the US to lose reserve currency status.
If that is true now is the time to pull the ripcord, break the glass, and hit every button you can to cut the deficit.
I even like that Congress is considering adding 1% to the top tax rate, to 40%.

Senate GOP approves framework for Trump's tax breaks and spending cuts after late-night session

The Republican-controlled Senate has approved a budget framework that includes multitrillion-dollar tax breaks and spending cuts

www.boston25news.com

Over 10-years
$7T in more spending (extending tax cuts plus new Trump tax cuts)
$4T in spending cuts (unspecified, but DOGE should easily cover this, plus new tariff revenue of about $500b/yr)

What I don't see anywhere is the total 2026 budget cost.
Trump-45 budgets were $4.xT and Biden's budgets were $7.xT

I see no mention of a Rescission Package deleting Biden's wasteful spending items
$375b to Podesta
$20b to EPA slush fund (Zeldin)
$2b to Stacy Abrams
$42b for charging stations (not built)
$140b annual DOGE savings

That is $579b annual savings, plus new tariff revenue, from a Biden $7.3T 2025 budget or $6.3T UGH. Still too high.
Revenue is only ~$5T, so we still need to cut spending and raise revenue by at least $1.3T

When have you ever seen a serious effort to cut the national debt?

Democrats will buy stuff
Republicans will cut taxes

 

[kyzr]

When have you ever seen a serious effort to cut the national debt?
Democrats will buy stuff
Republicans will cut taxes

True.
That was then, this is now. Interest on the Debt is over $1T a year. We either balance the budget or the dollar collapses.

 

[Ringo]

 

[rightwinger]

True.
That was then, this is now. Interest on the Debt is over $1T a year. We either balance the budget or the dollar collapses.

Trump added $8 trillion to the debt last time
He won’t make any effort this time

 

[Independent thinker]

The economy was fine as it was
Market was strong, we had strong economic partnerships, the world wanted American products

Trump blew it up and started a Trade War
The world is pissed at America and will seek out other trade partners who keep their agreements

The "Economy" was fine, Americans were not. That's why Trump won. The left define the economy as facts and figures while millions of Americans did NOT have a good economy and couldn't afford to live anymore.

Bill Maher said it best when he opined about Americans not being able to afford to live anymore and democrats told them, "Fuck your feelings, look at these charts".

 

[John Edgar Slow Horses]

True.
That was then, this is now. Interest on the Debt is over $1T a year. We either balance the budget or the dollar collapses.

There is nothing from 'then' to think anything with change 'now.'

Trump, the marxist, is asking for an increase in the deficit.