1. #104821
    I thought this would happen. CBOE Market Volatility Index (VIX) went up to 50.87 and going up. Last time it went up into the 50, it was 2008.


  2. #104822
    The Insane Nymrohd's Avatar
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    Quote Originally Posted by Rasulis View Post
    That's another thing that people don't understand. It takes a long time to build stuffs in the US. Even in low regulation states. I lived in Shanghai 2005 - 2007, and travelled to China multiple times since up to 2017. Each visit the skyline of Shanghai was different. It is like watching a city constantly being remodeled. That was how fast thing used to move in China.

    Also, there is a matter of scaling. With much larger population base and non-existent regulations, it still took China a decade and a half to get to become a global powerhouse manufacturing. How long would it take the US to scale their manufacturing to that level? China also heavily subsidized their nascent industries. Trump administration is actively cutting fundings for everything.

    Where are we going to get the skilled workers? US population is rapidly aging, and the current government is actively dissuading brown immigrants from coming to the US. Have people looked at the photographs of winners of US high school science competitions? For the last three decades, Brown has been the dominant color.

    The US policies are contradictory to the stated goals.
    I've seen construction in China be active for 16+ hours in a day across two shifts. And it wasn't an emergency.

  3. #104823
    Quote Originally Posted by Rasulis View Post
    Trump liberated $20M from Dave Portnoy Account.

    Some MAGA sportscaster.

    At least oil is down. WTI broke the $60 break even barrier for a split second. At the same time, well service cost is going up. Oil companies are not happy right now.
    The Trump administration is trying to sell this as a win, ignoring the fact that oil is going down because demand craters during recessions. The market is anticipating the future and punishing oil for it. It should be obvious that most people aren't going to be traveling when the country is burning to the ground.

  4. #104824
    So, China is basically starting to embargo rare earth minerals from going to certain countries. The US is one of those countries.

    https://www.yahoo.com/news/china-str...155604268.html

    The Ministry of Commerce for the People’s Republic of China is sanctioning the following materials: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. Although these resources aren’t widely known to the public, they’re crucial for producing some of our most advanced technologies. For example, some of these materials are used in the magnets found in the motors of electric vehicles, while others are used for creating superconductors. Some are also used in storage media to improve efficiency and performance, and several more are found in nuclear reactors.
    So, motors for electric vehicles. Guess Elon is going to be finding out that making Teslas is going to get a bit harder now and more expensive.

  5. #104825
    Quote Originally Posted by Draco-Onis View Post
    The Trump administration is trying to sell this as a win, ignoring the fact that oil is going down because demand craters during recessions. The market is anticipating the future and punishing oil for it. It should be obvious that most people aren't going to be traveling when the country is burning to the ground.
    The price at the pump probably won't go down. At least not by much. The price of crudes is down. However, refining & delivery costs are up.

  6. #104826
    https://newrepublic.com/post/193674/...arade-birthday

    DONALD WANTS TO THROW HIMSELF A HUNDRED MILLION DOLLAR MILITARY PARADE

    we are a wealthy nation with nothing else to do with our money

    do you think soldiers will get knee-high leather boots for the goose stepping?

  7. #104827
    Quote Originally Posted by Rasulis View Post
    The price at the pump probably won't go down. At least not by much. The price of crudes is down. However, refining & delivery costs are up.
    Also, they are changing from winter blend in the US to summer blend of gas. It tends to be a bit more expensive.

  8. #104828
    China doesnt export rare earth minerals, they export the processed goods. Something like 90% of rare earth minerals get processed in China so its a bit of a moot threat. The 34% tariff will kill Elon tho. That will finally bury Tesla in that market

  9. #104829
    Quote Originally Posted by NED funded View Post
    The 34% tariff will kill Elon tho. That will finally bury Tesla in that market
    That's so sad! Alexa, play Despacito.
    confirmed by my uncle nitnendo and masahiro samurai

  10. #104830
    So, the EU maybe threatening to block the US from bidding on any public works projects.

    https://www.msn.com/en-us/money/comp...40016df3&ei=12

    Brussels has threatened to bar American companies from bidding for taxpayer-funded contracts as Europe seeks to retaliate against Donald Trump’s tariffs.

    Stéphane Séjourné, executive vice president of the European Commission, said the EU has “the cards” to hit back at Mr Trump’s new levies of 20pc on goods and 25pc on cars.

    “We could decide to withdraw all American companies from European public procurement,” Mr Séjourné, who is also commissioner for industrial strategy, told Radio France.

    It represents a fresh threat to the US defence industry as European capitals are considering how much of the spending in their rearmament drive should go to American manufacturers compared to domestic suppliers.

    American dominance in the tech industry may make it difficult for the EU to eject all US companies from public sector contracts, but other industries with major European operators could be booted out of bidding for work.

    “It’s an economic bazooka because for certain services we have no other option but to choose the Americans, particularly digital services,” said Mr Séjourné.

    “So this has implications for European companies, and we need to look at the sectors in which and for what we can do this, but it’s one of the topics on the table and under discussion with the American administration.

    “This also has major impacts for American companies, and, to use Donald Trump’s vocabulary, we also have the cards and the tools to make the Americans give in.”

    His comments come amid fears that America’s trade war risks tipping the anaemic European economies into recession, despite plans from Germany to boost defence and infrastructure spending.

    European governments are major customers of the US defence industry, and have been prompted to spend more by Mr Trump’s complaints that Nato allies spend too little, effectively free riding on America’s expenditure.

    However, Mr Trump’s seeming ambivalence towards Ukraine and to Nato, as well as the apparent softening of the White House’s stance on Russia, has sparked fears that US supplies may prove unreliable in the event of any row between the transatlantic partners.

    As a result, European politicians are increasingly keen to build up domestic supply chains as a more trustworthy alternative to making purchases from the US.

    Robert Habeck, Germany’s economy minister, said the EU had the upper hand in negotiations with Mr Trump.

    He added: “The stock markets are already collapsing and the damage could become even greater. America is in a position of weakness.”

    Mr Habeck indicated that there was widespread support for Mr Séjourné’s proposals: “We have to take a close look at the anti-coercion instrument, which are measures that go far beyond tariff policy,” he said.

    Sentiment among European investors slumped this month, according to the Sentix survey.

    Melanie Debono, at Pantheon Macroeconomics, said: “The higher-than-expected US trade tariff hikes announced at last week’s “liberation day” are weighing heavily on investor sentiment.

    “The plunge in global financial markets all but wiped away investors’ joy surrounding greater defense and infrastructure spending in Germany and the EU.
    Maybe this is what Trump means when he says countries are talking to him. Maybe they are telling him to go fuck off.

  11. #104831
    Quote Originally Posted by gondrin View Post
    He added: “The stock markets are already collapsing and the damage could become even greater. America is in a position of weakness.”
    Oh, he's going to be fucking livid about the "w" word being used and fuck things up even more, isn't he
    confirmed by my uncle nitnendo and masahiro samurai

  12. #104832
    Quote Originally Posted by DarkTZeratul View Post
    I think you may have misunderstood the point of noting that. It was never "Reagan was against tariffs, therefore Reagan was actually good," it was "even Ronald Reagan, Patron Saint of Modern Conservatism, knew that what Trump is doing is a terrible idea." Like when people point out that he actually advocated for pathways to citizenship for immigrants, instead of treating everyone who isn't a full citizen as a foreign enemy. No one's trying to rehabilitate him, just point out how far they've fallen from even what they claim to be their aspirational lodestone.
    Except once again, the tariffs he was against where nothing like the ones Drump put in. Terrible comparison and one only someone trying to sane wash Reagan conservatism which led to this bullshit in the first place. Drump is just burning the economy because of his obsession with trade deficits, Reagan was against tariffs that would protect actual jobs that existed in the US at the time. Massive fucking difference.
    Last edited by Tech614; 2025-04-07 at 05:50 PM.

  13. #104833
    Void Lord Breccia's Avatar
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    Quote Originally Posted by Rasulis View Post
    At least oil is down.
    Oil is down due to boosted production, here and abroad. Trump had zero to do with it and the threat of tariffs probably held it back. The fact that he's taking credit for it is just further proof of how much of a con man he is.

  14. #104834
    Quote Originally Posted by Edge- View Post
    https://newrepublic.com/post/193674/...arade-birthday

    DONALD WANTS TO THROW HIMSELF A HUNDRED MILLION DOLLAR MILITARY PARADE

    we are a wealthy nation with nothing else to do with our money

    do you think soldiers will get knee-high leather boots for the goose stepping?
    I shouldn't be laughing at his antics. I lost about 30% of the value of my holdings because of him. But I did anyway.

    My one consolation is that the Bay Area real estate, after two years of ho hum, decided to go crazy after he won the election. I read the New York is having the same phenomena while the rest of the country is experiencing the reverse.

  15. #104835
    Quote Originally Posted by Rasulis View Post
    I shouldn't be laughing at his antics. I lost about 30% of the value of my holdings because of him. But I did anyway.

    My one consolation is that the Bay Area real estate, after two years of ho hum, decided to go crazy after he won the election. I read the New York is having the same phenomena while the rest of the country is experiencing the reverse.
    I'm not looking at any of my stocks. Ride it out, forget they exist, hodling works in the longterm etc. etc.

  16. #104836
    Quote Originally Posted by Rasulis View Post
    I shouldn't be laughing at his antics. I lost about 30% of the value of my holdings because of him. But I did anyway.

    My one consolation is that the Bay Area real estate, after two years of ho hum, decided to go crazy after he won the election. I read the New York is having the same phenomena while the rest of the country is experiencing the reverse.
    The states where real estate prices didn't move in 2008 will probably do the same thing now especially with people fleeing red states due to a number of horrors.

  17. #104837
    Banned Teriz's Avatar
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    So Trump's pet ghoul Stephen Miller was on the news shows saying that Trump inherited a failing economy from Joe Biden that was only days away from recession.

    These guys are shameless liars.

  18. #104838
    https://x.com/kyledcheney/status/1909261165462421602

    Trump has lost his appeal case on the maryland father deportation

    He plans to beg the supreme court to bail him

    https://www.politico.com/news/2025/0...vador-00276237

    For those that dont know, all the Trump admin has to do to comply with the court order its so desperately trying to fight off and amend what at best can be described as an error is to ask the Salvadoran government to return him. Thats it. The government doesnt even deny that it was wrong to deport him

  19. #104839
    Quote Originally Posted by Teriz View Post
    So Trump's pet ghoul Stephen Miller was on the news shows saying that Trump inherited a failing economy from Joe Biden that was only days away from recession.

    These guys are shameless liars.
    this is honestly one of the reasons i hate them so fucking much

    they casual ease with which they will tell you that they're not peeing on you and that it's raining whilst you stare at them, micropenis in hand, peeing on you

  20. #104840
    I hope the US fucking crashes and burns. The orange buffoon can be the king of the ashes of your clown nation.

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