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Trump announces 25% tariff on all imported vehicles!

All the Trump problems and Tariff discussions will be a forgotten thing within the next month or so.
Two carrier groups pre-positioned, B2 Bombers moved to Diego Garcia.
Additional US missile defense systems deployed to Israel
Yep. You guessed it. US will attack/retaliate against Iran.
All the arms manufacturers will get orders and shares will go up.
US will go further into debt but................
Trump will be seen as defending the world against those horrible people and US patriotism will soar!
I hope I am wrong but I am fairly confident I will be correct.
1744065725031.png
 
bigleonski said:
Hmmmm, my superannuation manager is suggesting now is the time to buy. It may go down a little further (never try to pick the bottom), but at some point it’ll do what it always does.
Question begs is the market likely to go down significantly more before it stabilizes and then rises?

Anyone have a crystal ball?
Click to expand...
I thought this was a good Live Wire post from Marcus Padley about buying in the current market:
How will we know it’s the bottom?

“We are in the hands of one man, and he doesn’t know what he’s doing”
 
Shopkeep said:
Not sure Walmart shoppers want to pay Filson Pioneer prices for their basics. The irony here is that if (and that's a big IF) this plan works and hundreds of thousands or millions of low value manufacturing jobs come back to the US you will need a massive wave of immigration to fill those jobs (I am sure the Bangladeshis will be available as they will no longer be in the T Shirt making business). Anyway, as we don't make anything in Australia and are a service economy I am off to my job mowing my neighbours lawn, his job is mowing my lawn, somehow we make it work and keep unemployment at 4.1% which is the same as yours.
Click to expand...

Nah no need for more immigrants here. Were chock full of highly "educated" Liberal Art/ Gender/ Women's studies majors that are up to their eyeballs in student loans. Starbucks can only hire so many baristas :ROFLMAO:
 
DaveB said:
All the Trump problems and Tariff discussions will be a forgotten thing within the next month or so.
Two carrier groups pre-positioned, B2 Bombers moved to Diego Garcia.
Additional US missile defense systems deployed to Israel
Yep. You guessed it. US will attack/retaliate against Iran.
All the arms manufacturers will get orders and shares will go up.
US will go further into debt but................
Trump will be seen as defending the world against those horrible people and US patriotism will soar!
I hope I am wrong but I am fairly confident I will be correct.
View attachment 7892490
Click to expand...
It’s really unlike me to defend the Trumps but most of those assets have been there for some time, primarily for operations targeting the Houthis in Yemen which has been ongoing and far less effective than planned. Probably the Europeans fault (if you ask JD).

Interesting article from NYT here:
U.S. Strikes in Yemen Burning Through Munitions With Limited Success
 
If you believe this statement from the article:
But if deflating financial asset bubbles is the price to pay, it seems like they’re willing to take the heat. Their rhetoric feels unified. Trump, Lutnick, Bessent: They’re all aligned on the message of short-term pain.

Then they should have pushed for a much more structured approach on tarriffs. Almost all gains in the market has come from essentially 10 companies. Target tarriffs in those corporations sectors and you would have achieved a rebalancing of cash to the treasury.

It's worrisome that the current approach very well could reduce interest rates and at the same time create inflation. Stagflation would truly destroy the lifes for the American worker.
 
S52 said:
Nah no need for more immigrants here. Were chock full of highly "educated" Liberal Art/ Gender/ Women's studies majors that are up to their eyeballs in student loans. Starbucks can only hire so many baristas :ROFLMAO:
Click to expand...
Surely AI/robots can/will replace baristas?
 
S52 said:
Nah no need for more immigrants here. Were chock full of highly "educated" Liberal Art/ Gender/ Women's studies majors that are up to their eyeballs in student loans. Starbucks can only hire so many baristas :ROFLMAO:
Click to expand...
You can’t get a decent coffee in Starbucks for love or money so you don’t want them making your T Shirts!
 
Many times, at least in the States you can now order a flat white which gets closer to a decent coffee but there is always a smaller and better independent alternative around the corner.
BTW I thought with all the mainlander refugees in Hobart driving up the rents you now have decent coffee down there???
 
S52 said:
Nah no need for more immigrants here. Were chock full of highly "educated" Liberal Art/ Gender/ Women's studies majors that are up to their eyeballs in student loans. Starbucks can only hire so many baristas :ROFLMAO:
Click to expand...
I think they should get the details of everyone that buys Starbucks drinks and re-educate them.
What dishwater it is.
 
DaveB said:
You only need baristas if you are making coffee.
So Starbucks could use anyone or anything, even a robot. .....except the robot will probably be made in China
Click to expand...
Using Taiwanese chips
Speaking of chips , and in the midst of the current global madness, I'm getting a bit peckish.
83b4706209b46882-600x338.jpg
 
DaveB said:
I think they should get the details of everyone that buys Starbucks drinks and re-educate them.
What dishwater it is.
Click to expand...
Not dishwater. Its water filtered through charred coal. a strong note of burnt sour wood accompanies starbucks. Its by far my least enjoyable coffee.
I'm convinced they have to toast it to death to make a uniform flavor across their bean suppliers. unfortunately that is a burnt flavor that i really don't like.

The dishwater is the folgers brand of coffee. Looks like tea, tastes like dish water.

I do have to say that australia, and in particular melbourne has excellent coffee. :)
 
Ok, so I'm the only person that's drinking Starbucks here... Then again, I'm also drinking their decaf espresso (excuse me, as an American I'm drinking expresso)...
 
parb said:
decaf espresso.... You'll burn in hell you heathen.... ;)
Click to expand...
I went from 2+ cups of coffee and 2-3 red bulls a day to no caffeine at all cold turkey and realized that I felt no different at all, so I switched to decaf a few years ago... I've tried a half-caf once since then, that was a mistake according to my better half who had to deal with me :ROFLMAO:
 
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