Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Donald Trump the Megathread part II - mod warnings in OP, Updated 18/03/25

1592593595597598721

Comments

  • Registered Users, Registered Users 2 Posts: 119 ✭✭pats22b


    could all of this be based on the theories of a non existent economist -



  • Registered Users, Registered Users 2 Posts: 5,704 ✭✭✭yagan


    This time probably with Wall street money behind it.



  • Registered Users, Registered Users 2 Posts: 1,196 ✭✭✭Emblematic


    I would expect shares to continue to drop but in the longer run USD to rise. The dollar rising is something the Trump administration probably does not want as it negates some of the effect of the tariffs. On the other hand is mitigates some of the inflationary effects.



  • Registered Users, Registered Users 2 Posts: 933 ✭✭✭Detritus70


    How would it rise if everyone was trading it for something else?

    I can't see it short to medium term. Fair enough, you did say long term. But that would involve the US coming to it's senses.

    Fully Automated Luxury Gay Space Communism



  • Registered Users, Registered Users 2 Posts: 5,704 ✭✭✭yagan


    I see more downside for the USD in the immediate, medium and longterm.

    It's normal strengthening is associated with it being a safe haven, whereas the US is this time the origin of the volatility.

    Gold is always an obvious safe haven domestically in the US, but even that's being eschewed for other currencies.

    Edit to add all of those are current indicators, but Trump's already signaled he wants to mess with the safest asset there is, the long term T bond.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 3,330 ✭✭✭Field east


    Are the mid term elections not under the control of each state and not under the control at federal level.?

    So two points if this is the case.
    (1) will the Governers/ administration in the Blue/ democratic leaning states make sure what you are suggesting will not happen - so anyone who wants to vote can vote

    (2) There is a REALPOSSIBILITY that SOME of the governers /administration in red states are not TOO ENAMOURED with Trumps behaviour and what it’s doing to the economy and might not be too happy to carry out trumps bidding re voter suppression, etc.



  • Registered Users, Registered Users 2 Posts: 14,646 ✭✭✭✭Igotadose


    Well, given Navarro's yet another convicted felon, no surprise he invented 'Ron Vara' (obvious anagram) as his phony economic adviser. CFTrump, of course, loved it and it gave him the pseudointellctual cover he needed.



  • Registered Users, Registered Users 2 Posts: 15,020 ✭✭✭✭briany


    If Trump is dumb by any measurement, then what does that make Hillary Clinton, Kamala Harris, the Democratic party and the Republican party? Geniuses??

    They've all been defeated by him and yet some people cling to this strange fiction that he is dumb, and rarely question the intellect of those other people, and they say this without qualification.

    The problem with calling him dumb, despite him being the biggest political force in the USA today is that it's dismissive. It just says that "he'll shoot himself in the foot too bad to recover from sooner or later, so I don't really have to do anything". Now, THAT is dumb, because all evidence has been to the contrary. Not only has he not sabotaged himself to that point, but he looks poised to end US democracy entirely.

    How much do I have to say that simply calling him 'dumb' plays entirely into his hands? Because it has.

    And I'll tell you something else - you can go back and watch many interviews of him in the 90s and 80s where he sounds like a completely different man, speaking calmly and with decent articulation. Few these days seem to stop to think that maybe most of the stuff he's saying these days in public is strictly meant as red meat for the base. Why should we think this? Because he's said as much at rallies . He's said before something like, 'I talk about this trans thing and you people go crazy, so I just keep talking about it!' He knows what he's doing in that regard. He knows how to play the rubes. He knows how to stir up the lowest common denominator. He is a political PT Barnum.

    Again, there is a difference between being dumb and being ignorant. Trump is deeply ignorant in many ways, but highly effective in manipulation when it comes to getting what he wants, which is power and admiration.



  • Moderators, Sports Moderators Posts: 29,555 Mod ✭✭✭✭Podge_irl


    He is dumb. That a significant portion of voters in the US don't realise that or are themselves deluded fools doesn't change that.

    Remaining ignorant of everything, including basic economic facts when you are surrounded by whatever advisors money can buy also makes you dumb.

    He is effective in a very limited way that has been successful. But a large part of that is luck of timing - he absolutely doesn't have a carefully nuanced plan for how he approached everything.



  • Registered Users, Registered Users 2 Posts: 20,712 ✭✭✭✭Tony EH


    No matter what the rich lose, it's still the people on the lower ends of the ladder that will lose an awful lot more.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 5,588 ✭✭✭10000maniacs


    Tough to know what Europe needs to do.



  • Registered Users, Registered Users 2 Posts: 3,330 ✭✭✭Field east


    Based on Sanders recent utterings/statements re the state of the economy , the issues that US Senate/ Congress/ Trump should be addressing re the environment, education, health and other sectors with some basic issues to be addressed and that effect the American less well off such as housing , I cannot see why individuals have a problem with him .

    I assume that he knows that what he is proposing cost money and he has plans as to how to source it.
    The only problem that some Americans have with him is that his source of funds to finance the above is to increase taxes paid be the rich companies/individuals



  • Registered Users, Registered Users 2 Posts: 20,712 ✭✭✭✭Tony EH


    Don't be concluding that just because Trump has managed to rally the stupid, the nasty minded, the unpleasant and the bigoted that he's, somehow, engaging in an advanced strategy here. The guy isn't that smart. He's just found himself at the head of driven cult of people that will hang on his every word, no matter how ridiculous they are and they're more than willing to gloss over the ludicrous.

    There's nothing intelligent or wise going on with him. He's just telling dumb people the lies they want to hear and doesn't care how it looks or what the destructive consequences will be. He's a narcissistic sociopath that's surrounded himself with like minded sociopaths and they'll tear the nation apart for their own aggrandisement.



  • Registered Users, Registered Users 2 Posts: 5,704 ✭✭✭yagan


    I used to have to listen to him on the Howard Stern when I was with a landscaping crew back when he was lapping up the Martha Marples attention. The blue collared loved him, a silver spoon slob that's just like us!

    He sounded dumb to me then, full of what is now known as "main player syndrome", but then a lot people I was surrounded by in the US were entirely self centred. There's nothing smart about Trump.

    His tariff formula removes all doubt that there really isn't anything going on in his head other than me, me, me.



  • Moderators, Education Moderators Posts: 5,577 Mod ✭✭✭✭spockety


    The system which supports people being very wealthy relies on the rest of the huge mass being relatively happy with their lot in life. If Trump can't keep the middle class comfortable and happy, the billionaires will start to worry about losing the social cohesion that prevents baying mobs from lynching them.



  • Moderators, Sports Moderators Posts: 29,555 Mod ✭✭✭✭Podge_irl


    Because he has a significant history of proposing punitive tariffs for no other reason than encouraging manufacturing back to the US, which is both economically illiterate and an insurmountable historical issue when you need to counter someone doing that exact thing (albeit doing it more stupidly than Sanders would have).

    Also he is stupidly old, and this can't be emphasised enough - not a Democrat!.



  • Registered Users, Registered Users 2 Posts: 5,704 ✭✭✭yagan


    And those who'll suffer most would still vote him again tomorrow.



  • Registered Users, Registered Users 2 Posts: 20,712 ✭✭✭✭Tony EH


    You can't fix stupid.

    However, there's plenty of ignorant folk that might eventually cop on when they start to feel the pinch.



  • Registered Users, Registered Users 2 Posts: 3,330 ✭✭✭Field east




  • Moderators, Sports Moderators Posts: 29,555 Mod ✭✭✭✭Podge_irl


    An absurd number of people who voted for him simply didn't believe he was going to do the things he was very explicit that he was going to do. I don't know what anyone can do to counteract that level of deliberate ignorance.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 5,704 ✭✭✭yagan


    They'll double down, believe that lost jobs are being stolen rather than a consequence of Trumps tariffs, that inflated prices are just foreign countries extracting profits from the great USA.

    They reelected "every day is table flip day"! Trump voters don't even believe in government, they think it's a conspiracy against them.



  • Registered Users, Registered Users 2 Posts: 2,817 ✭✭✭Glaceon


    My father-in-law is a staunch conservative, my wife remembers him having shouting matches with his dad (who was a Democrat from an immigrant family) over politics. I brought this up during the summer and he dismissed it all as scaremongering, saying that the courts wouldn't let him do even half the stuff he proposed. But on a recent call, his tone has changed to one of concern.



  • Registered Users, Registered Users 2 Posts: 9,332 ✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    Yeah I’m listening to you and you make a good point in that if a republican thinks they’re about to lose their seat, they may not play the MAGA game - a long way off I guess and plenty more bull to come no doubt before mid-term.

    It’s the people though that decide - I’m hoping their tolerance for less money in their pockets will win out on the day but even that isn’t a certainty anymore



  • Registered Users, Registered Users 2 Posts: 5,577 ✭✭✭eightieschewbaccy


    US uncle wouldn't be particularly liberal but hated Trump since day one. He kept telling my mother as he was coming in for term 2 that checks and balances would kick in. But honestly his tone has changed dramatically. Basically he prefers not to discuss the direction the country is currently going at this stage.



  • Registered Users, Registered Users 2 Posts: 15,861 ✭✭✭✭Goldengirl


    Thanks for this . Worth watching

    She doesn't pull her punches Rachel Maddox .

    I didn't think I could be more shocked by what is going on in Trump's Presidency but this .. Jared Kushner finding an advisor for Trump based on a book cover and this guy Peter Navarro inventing his own personal " expert " Ron Vara , and advising Trump on his favourite trade policy , world wide tariffs under this pseudonym .

    This just says it all . I am gobsmacked by how a business man, never mind the leader of the biggest economy in the Western World could even have somebody like that getting near enough to email them never mind advise them on World Trade Policy .

    It just beggars belief 😐.



  • Registered Users, Registered Users 2 Posts: 14,646 ✭✭✭✭Igotadose




  • Registered Users, Registered Users 2 Posts: 25,109 ✭✭✭✭Kermit.de.frog


    I think the first step has to be getting the differential in tariff with competitors removed. That's damaging in itself. The UK, Turkey and more than likely next week Israel will all be on the 10% baseline tariff. Our exporters will be left with 20%. That's an immediate competitive disadvantage.

    That difference could have faster impacts on us especially with the UK if Irish companies decide to move production to take advantage of that. It's not a comfortable position for Irish companies who export goods like food and drink to the US. I think that will impact Irish jobs faster than the actual tariff tbh.

    Let's start there anyway.



  • Registered Users, Registered Users 2 Posts: 740 ✭✭✭RickBlaine


    The funny thing about those digital ones and zeros is that they can be exchanged for goods and services like food and medical care!

    I don't know if sycophants like that genuinely believe the sh*t they are shoveling, or if it is part of a rage baiting for clicks scheme, but if I ever posted something as nonsensical as that I'd be embarrassed to leave my house.



  • Registered Users, Registered Users 2 Posts: 15,861 ✭✭✭✭Goldengirl


    It's too depressing . Am off out into the blue 😎



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 9,036 ✭✭✭Big Ears


    The first and most simple thing a company with do is pass the extra cost of the tariff onto the consumer.

    Some companies might decide to take a hit, and reduce the profit they make per sale, in order to keep the quantity of sales higher. This may also be done in conjunction with increasing the cost on the consumer somewhat.

    Some may look to see if the foreign company selling the product will reduce their price, but that becomes much harder if the dollar becomes devalued (and the sale is in $). There is no guarantee the foreign company will accept this, and even if they agree a small reduction, they may still have to increase the price on the consumer to maintain the same level of profit.

    So while occasionally you'll have exceptions, in the main the primary thing tariffs will do is increase the price on the end consumer.



Advertisement