Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
BS1000 exposes himself as a typical right-wing stooge. In other news, the sky is blue.
1) Tariffs will help destroy international relations, cause inflationary issues and cloud visibility for US corporations. Its an indefensible policy move, with indiscriminate punishments issued by a grouchy child.
2) Dump will help himself and various criminals the world over by promoting cryptocurrency. A criminal helping criminals...all operating in plain sight.
3) US citizens are whisked away by masked gunmen like we live in a 3rd world country.
4) The Epstein relationship will hang over his orange head. But the loyalists will stay silent like sheep.
In any decline, those at the bottom always take it worst of all. Many of them voted for this, thinking this would be their big chance to get out of their rut. They will get crushed economically. I'd also assume that a lot of older Trump voters will get hit hard as labor conditions continue to deteriorate. Lots of forced early retirements are coming their way.
I wonder if any of them will comprehend how they screwed up their lives and futures? Probably not. Doubtful that Elon Musk realizes how badly he screwed Tesla, either.
Donnie boy is acting like he holds all the cards, but the aftershocks and ramifications of his protectionist policies will reverberate for a very long time. Once new trade relationships are formed without and around us, the cheese will stand alone.
Auto Industry Takes $12 Billion Hit From Trade War
"President Trump’s tariff war has inflicted almost $12 billion of losses on global automakers, the biggest hit they have faced since the pandemic. The scary reality: This may be just the beginning."
"For the world’s 10 largest automakers, not including those in China, net profit is currently forecast to fall by roughly a quarter this calendar year to its lowest level since 2020, when the pandemic led to cash-draining factory shutdowns."
U.S. Manufacturing Activity Contracted From March To July
“From March to July, U.S. manufacturing activity contracted, according to the Institute for Supply Management’s monthly survey. The Manufacturing PMI last registered at 48, below the 50 score that differentiates growth and decline.”
“Tom Derry, ISM’s CEO, says Trump’s tariffs are already weighing on manufacturers that can’t pass on the additional cost to their buyers, or U.S. consumers.”
“A few investments and pledges aimed at beefing up domestic manufacturing appear timed to appease the president, and may or may not come to fruition. The latest is from Apple, which is planning to commit an additional $100 billion to the U.S., after saying in February it would spend more than $500 billion in the country over four years to make servers and parts for its key products.”
“Even if some firms do reshore production, how fast that can be achieved is in question. Manufacturers might struggle to find the American workers they need, and new facilities might face higher prices for steel, copper and aluminum, all of which Trump has tariffed.”
Metric Change Total Visitors −11.3% Convention Attend. −10.7% Hotel Occupancy Rate −6.5 Air Travelers (Harry Reid Airport) −6.3% Traffic from California (I-15) −4.3% International Arrivals −9.8% Gambling proceeds casinos +3% (so/called high roller degenerates still spending and losing)
Real estate, stocks and crypto at all times highs and recession numbers for visitors to Vegas?? Shouldn’t they be up 5%? Don’t need to worry about tip taxes if Canadians don’t show up… But tariffs are so good …
Comments
1) Tariffs will help destroy international relations, cause inflationary issues and cloud visibility for US corporations. Its an indefensible policy move, with indiscriminate punishments issued by a grouchy child.
2) Dump will help himself and various criminals the world over by promoting cryptocurrency. A criminal helping criminals...all operating in plain sight.
3) US citizens are whisked away by masked gunmen like we live in a 3rd world country.
4) The Epstein relationship will hang over his orange head. But the loyalists will stay silent like sheep.
We're coming closer and closer each and every day. I despair of living long enough to see this repaired.
I wonder if any of them will comprehend how they screwed up their lives and futures? Probably not. Doubtful that Elon Musk realizes how badly he screwed Tesla, either.
Donnie boy is acting like he holds all the cards, but the aftershocks and ramifications of his protectionist policies will reverberate for a very long time. Once new trade relationships are formed without and around us, the cheese will stand alone.
"President Trump’s tariff war has inflicted almost $12 billion of losses on global automakers,
the biggest hit they have faced since the pandemic.
The scary reality: This may be just the beginning."
"For the world’s 10 largest automakers, not including those in China,
net profit is currently forecast to fall by roughly a quarter this calendar year
to its lowest level since 2020, when the pandemic led to cash-draining factory shutdowns."
https://msn.com/en-us/autos/electric-cars/auto-industry-takes-12-billion-hit-from-trade-war/ar-AA1K4ODX
“From March to July, U.S. manufacturing activity contracted,
according to the Institute for Supply Management’s monthly survey.
The Manufacturing PMI last registered at 48, below the 50 score that differentiates growth and decline.”
“Tom Derry, ISM’s CEO, says Trump’s tariffs are already weighing on manufacturers
that can’t pass on the additional cost to their buyers, or U.S. consumers.”
“A few investments and pledges aimed at beefing up domestic manufacturing
appear timed to appease the president, and may or may not come to fruition.
The latest is from Apple, which is planning to commit an additional $100 billion to the U.S.,
after saying in February it would spend more than $500 billion in the country
over four years to make servers and parts for its key products.”
“Even if some firms do reshore production, how fast that can be achieved is in question.
Manufacturers might struggle to find the American workers they need, and new facilities
might face higher prices for steel, copper and aluminum, all of which Trump has tariffed.”
https://www.msn.com/en-us/politics/government/trump-pledged-to-bring-back-manufacturing-the-sector-is-sputtering/ar-AA1K3b8F
Metric Change
Total Visitors −11.3%
Convention Attend. −10.7%
Hotel Occupancy Rate −6.5
Air Travelers (Harry Reid Airport) −6.3%
Traffic from California (I-15) −4.3%
International Arrivals −9.8%
Gambling proceeds casinos +3% (so/called high roller degenerates still spending and losing)
Real estate, stocks and crypto at all times highs and recession numbers for visitors to Vegas?? Shouldn’t they be up 5%? Don’t need to worry about tip taxes if Canadians don’t show up…
But tariffs are so good …