Trump Administration Predictions (5 Viewers)

[AccessBlaster]

It's the same argument used against tariffs, if you dare impose them, prices will skyrocket. If undocumented workers are removed from construction sites and other industries, prices will rise. But maybe prices are artificially low because we choose to ignore reality. Maybe we need those increases to shock us into the next phase of our development.

 

[Isaac]

that is, in fact, a bit how I think of tariffs. maybe it's not the end of the world if some prices rise a little bit. assuming there are a half dozen other good consequences to the tariffs, meaning that price alone shouldn't be the ONLY thing in the world that we consider.

plus, some of those supply chain members are going to come into agreements with each other to help mitigate them.

some like to say that the importer "always" pays the cost, but that's not true. there is nobody on this forum that can guarantee me that Nike suppliers in China might not say "hey, we'll lower our price by 20%" to help mitigate the tariff prices - nobody can say they know that. it could go either way. anybody might end up bearing the brunt of the tariffs. all I know is we now have half a trillion more dollars coming into the USA - that much we do know. actually i take that back, as it contradicts what I just said. (thinking out loud here LOL)

 

[Pat Hartman]

Manufactures use China and other Asian countries to make their production cost as low as possible so as to maximize their profits. They do not pass on the cost savings from slave labor (which some use) to the consumer. If it is cheaper to manufacture in Thailand because the tariffs are lower, they will move to Thailand. That is yet another pressure point in this tariff situation.

A better question is - Do you really think your sneakers really need to cost $250 and up?

 

[The_Doc_Man]

The sneakers don't cost $250. The celebrity's name on the sneakers cost $200. The sneakers only cost $50. (Rounded, of course.)

 

[Pat Hartman]

I guess that's why I don't buy Nikes.

The price inflation is similar to what we see with Coffee and Phones. If Starbucks and Apple can charge stupid prices for their products, then so can other companies. As long as the ignorant think these products are "cool" they continue to have a market and they raise the prices for similar items. Reminds me of the fights with my teenage daughter about her insistence on ONLY Jordash jeans. Personally, if you want me to wear something with an apple logo, you need to be paying ME.

 

[Isaac]

I buy only Skechers these days. The comfort of not having to bend over to put my shoe on is just too good to resist. Plus they have a shoe for almost every occasion. I personally think $75 is overpriced for their shoes but I keep buying them anyway

 

[Thales750]

The "shock and awe" campaign that Trump uses is to get the attention of others. He is right that for a long time, our trade partners had been taking some advantage of us, and the Liberals were allowing it because they are not hard negotiators. They are appeasers. Trump is not an appeaser, or at least he is only a selective appeaser, and I think that much is clear.

I am more interested in effects of reducing the size of government and reducing the number of regulations, because the regulatory nature of the last several years has drained some profits due to cost of compliance. Some regulations DO make sense, but some of them ... not so m

@Thales750 My question was about the health of the economy currently. Typically, when the economy is strong, the previous administration tries to take credit. But if it’s struggling, the current administration gets the blame. Your stance seems to be that none of that matters Trump’s an idiot.

Politics aside for a moment, generally speaking, how is the economy doing today?

Well, my banking fees just went up 40%, pretty sure you can't blame that on Biden.

 

[AccessBlaster]

Well, my banking fees just went up 40%, pretty sure you can't blame that on Biden.

What do you blame it on?

 

[moke123]

I've lost track of agencies. Do we still have a consumer financial protection bureau?

 

[Isaac]

I've lost track of agencies. Do we still have a consumer financial protection bureau?

I think it's been mostly defunded

 

[moke123]

I think it's been mostly defunded

So much for having anyone to stand up against the bank fees.

For the first time in my life I now have a $400 deductible on my health insurance.

 

[Thales750]

What do you blame it on?

Financial sector greed pure and simple.

We have seen in the last few years an emergence of testing the limits of price increasing across all sectors. Which proves that the conservative bs about money supply causing the problem is actually complete bs. This inflation was triggered by the events in Covid, but it was sustain by AI driven pricing and market evaluation. Pure and simple. You can discount this out of hand like some of the other closed minded people posting on this thread , or you can try to expand your thinking.

Most people are incapable of seeing patterns. That's a fact, and when faced with information that runs counter to their preconceived notions it hardens their shell even more. Look around you, you see them everywhere.
If all the wealth is owned at the top, the top will pay all the taxes. End of story. We are at the end of capitalism that way it has existed since the beginning of agriculture, and it has been ending since the beginning of the automation era. You folks just can't see that.

You think the economy is better because Trump is in office, so you naturally frame your response to prove that all people have this either-or mentality to match yours. The Dems are evil, and only people Like Pat and Steve, and people like them (Doc), can embrace that.

Don't be one of them.

 

[spaLOGICng]

I am putting a follow up on my calendar for November 7th, 2028, to see how well this convo aged.

 

[AccessBlaster]

You think the economy is better because Trump is in office, so you naturally frame your response to prove that all people have this either-or mentality to match yours. The Dems are evil, and only people Like Pat and Steve, and people like them (Doc), can embrace that.

Don't be one of them.

I see the economy as doing okay because I check the S&P 500 every morning. What I see is one crash followed by a lot of new highs. The tariff issue seems to be giving way to solid trade deals with our partners. I’ve also noticed that no matter how high the stock market climbs, it barely gets mentioned. But if Trump secures a good trade deal, it’s crickets.

As for high prices, be grateful you haven’t had to endure liberal rule like we have in California. Our costly summer gas blend kicks in around April driving prices even higher until Oct.

 

[AngelSpeaks]

I see the economy as doing okay because I check the S&P 500 every morning. What I see is one crash followed by a lot of new highs. The tariff issue seems to be giving way to solid trade deals with our partners. I’ve also noticed that no matter how high the stock market climbs, it barely gets mentioned. But if Trump secures a good trade deal, it’s crickets.

As for high prices, be grateful you haven’t had to endure liberal rule like we have in California. Our costly summer gas blend kicks in around April driving prices even higher until Oct.

Illinois has a costly summer blend plus a new increase in gas taxes.

 

[Isaac]

So much for having anyone to stand up against the bank fees.

For the first time in my life I now have a $400 deductible on my health insurance.

what changed about the health insurance?

as for bank fees, who knows, maybe it will go back to competition, the person with the best service and fewest fees advertised wins

 

[Pat Hartman]

Well, my banking fees just went up 40%, pretty sure you can't blame that on Biden.

I'd blame the rise in banking fees on tariffs Or maybe its because the Fed is thinking about lowering their payment to banks to NOT make actual loans. Not sure who thinks paying banks to NOT make loans is a good idea. That is how banks always made money in the past. Now, they make their money on ridiculous fees. And they still get to keep "bankers hours" because they can even though computers do all the work. And they still get to hold your deposits until the "check" "clears". That used to be three business days even though we know that EFT's are happening at faster than light speed.

 

[Pat Hartman]

So much for having anyone to stand up against the bank fees.

Those people reside in Congress. It's Congress (State and Federal) that allows usurious interest rates and allows punitive bank fees. All the CC companies are headquartered in the two states that allow the usurious interest rates and even though YOUR state doesn't allow them, the CC HQ state dictates the rules.

 

[Thales750]

I see the economy as doing okay because I check the S&P 500 every morning. What I see is one crash followed by a lot of new highs. The tariff issue seems to be giving way to solid trade deals with our partners. I’ve also noticed that no matter how high the stock market climbs, it barely gets mentioned. But if Trump secures a good trade deal, it’s crickets.

As for high prices, be grateful you haven’t had to endure liberal rule like we have in California. Our costly summer gas blend kicks in around April driving prices even higher until Oct.

We have some of the best gas prices in the world. Texas has always been somewhat insolated from the rest of the US.

 

[AccessBlaster]

We have some of the best gas prices in the world. Texas has always been somewhat insolated from the rest of the US.

Congratulations, your state isn't being run by failed liberal policies.