Helluva year

[stoneaxe27]

It is total BS that drug companies charge a lot more for the same drug in the US than in other countries. So I hope the courts don't overturn this one. What I was commenting on is that first with Biden and now Trump so much "legislation" is happening in the executive branch. We know that agencies like the EPA have done this for years but the oval office? It definitely is on a steep upward trend.

EO's bind those federal agencies that are under the Executive, and those employees that serve at the Executive's pleasure. They are meaningless and unenforceable against third parties, citizens and are meant for show. EPA was authorized by Congress to pass regulations.

 

[stoneaxe27]

I assume these court challenges will be brought by the left?

No, they will be brought by pharmaceutical companies, and drug wholesalers.

 

[BigWill]

The EOs on items like this are likely unconstitutional and unenforceable. Just be patient until the courts weigh in.

Joes was asleep. as chronicled in the current and oncoming "books" from insiders that worked with Dr. Jill to run his term !

Like her chairing the ONLY Cabinet meeting in Joey's last year.

I am patiently waiting for more information on his AND his Staff's misuse of the Autopen !

 

[Uncoach]

Or Bolton !

Bolton was not an Econ guy, but agreed. Bolton is the forever war world police foreign policy expert. Bolton is a loser neocon. Trump described the battle field perfectly this morning. Bolton never bothered to be concerned with body parts being strewn all over the place. Nobody of sound mind listens to Bolton or Haley WRT foreign policy, let alone the Obama/Biden shmucks.

 

[BigWill]

EO's bind those federal agencies that are under the Executive, and those employees that serve at the Executive's pleasure. They are meaningless and unenforceable against third parties, citizens and are meany for show. EPA was authorized by Congress to pass regulations.

So you agree that the plethora of District Judges attempts to curb the power of the Executive Branch is an overreach of their designed function !

 

[Uncoach]

Wow. Did Starmer finally figure out he was sinking the UK as we know it?

 

[stoneaxe27]

I would argue that the surge in stocks shows that the administration’s policy of browbeating other nations into fairer trade practices is beginning to have a positive impact. It’s not just about U.S. tariffs. It’s about opening up foreign markets.

Except there hasn't been any correction of the real trade issues with China, such as Intellectual property theft, and government subsidies to Chinese manufactures, producers. Only a cancelation of the exorbitant tariffs that were imposed and imposed back in retaliation, for what 90 days.

 

[BigWill]

I'm sure there will be some.

I'm just doubting there will be COVID style panic/shortages, like someone predicted on here a couple weeks ago.

So that's a big NO on any toilet paper ?

 

[Uncoach]

So that's a big NO on any toilet paper ?

Would never have a shortage if we used one or 2 squares only as Sheryl Crow suggested years ago. As she's gotten older, I wonder if that is still working well for her.

 

[stoneaxe27]

So you agree that the plethora of District Judges attempts to curb the power of the Executive Branch is an overreach of their designed function !

To curb the attempts of the Executive to use power he does not have, is the way to state what the courts are doing correctly.

 

[Uncoach]

🤣 🤣 🤣

 

[Uncoach]

LOL. Schumer can't believe a word that comes out of his own mouth.

 

[BigWill]

Bolton was not an Econ guy, but agreed. Bolton is the forever war world police foreign policy expert. Bolton is a loser neocon. Trump described the battle field perfectly this morning. Bolton never bothered to be concerned with body parts being strewn all over the place. Nobody of sound mind listens to Bolton or Haley WRT foreign policy, let alone the Obama/Biden shmucks.

Satire for Bolton.

Couldn't remember the USMA General he used as COS for the Joint Chief of Staff.

But I would find a place for Flynn.

 

[stoneaxe27]

Satire for Bolton.

Couldn't remember the USMA General he used as COS for the Joint Chief of Staff.

But I would find a place for Flynn.

Heck yes, don't let that convicted felon, traitor out of the Administration. His problem is that he isn't a talking hollow headed host on FOX.

 

[Uncoach]

This is crazy talk.

 

[BigWill]

Wow. Did Starmer finally figure out he was sinking the UK as we know it?

View embedded media

My Grandparents were easily assimilated into the USA as they were born and from Scotland !
Some would say what they speak in Scotland is English !

Mary Anne's parents from Germany had to learn to speak, become functional in ENGLISH !

 

[Uncoach]

 

[BigWill]

Heck yes, don't let that convicted felon, traitor out of the Administration. His problem is that he isn't a talking hollow headed host on FOX.

Hunter is still around ?

Back from his vacation in South Africa ?

 

[Uncoach]

I wondered about this place.

 

[Uncoach]

If true does this mean the mayors of these cities broke US law?

 

[dtrain79]

Not really. Did he come off all of his tariffs? We are back to regular eb and flow of the markets. Does the market get a better than average pop with every trade deal announcement? Who knows, but I am very optimistic.

Trump has come off most of the tariffs that spooked the market into a huge sell off. The S&P is down about 5% since it's high 3 months ago. Which to me demonstrates that the current policy is disfavored but not panic inducing.

I do think we will need to wait until late 2025 to evaluate the impact of the uncertainty introduced over the last 6 weeks. It's certainly less profound today than it was when Trump imposed punitive tariffs largely across the board.

There's just not a whole lot of evidence regarding the impact of early April economic decisions in May data. Other than consumer sentiment (definitely down). I can tell you that the business I'm in has been profoundly impacted by the uncertainty (April was very rough), but also that very well may be a temporary blip that is largely "made up" later.

 

[dtrain79]

I assume these court challenges will be brought by the left?

Drug companies I would think.

The President can't set unilateral price controls.

 

[BigWill]

🤣 🤣 🤣

View embedded media

He's mowing dirt !

See Joel Salatin podcasts, for how to make some extra $ !

Free Range layer chickens or small mobile meat chicken schooners !

 

[Uncoach]

BTW, Vance is much better than originally advertised.

 

[BigWill]

Drug companies I would think.

The President can't set unilateral price controls.

Yet I can recall Joey Political Ads proclaiming his lowering of drug prices !

 

[Uncoach]

YES!! RDS! You da man!!

 

[dtrain79]

I would argue that the surge in stocks shows that the administration’s policy of browbeating other nations into fairer trade practices is beginning to have a positive impact. It’s not just about U.S. tariffs. It’s about opening up foreign markets.

I keep wondering about why people think Trump's real goal was to "open up" foreign markets. Nothing in his history - including rejecting the TPP - would indicate as such. He's spoken about how great he thinks tariffs are for years, too. The outlines of the final deal with Britain indicate a modest improvement for American producers (and a somewhat worse outcome for American consumers) and the tariff results with China have higher rates both ways (look, I think good arguments can be made for a "tough on China" policy generally so I don't beat my chest and yell about this being bad, I think there are trade offs).

What appears to have happened is that the stock and bond markets spooked even Trump, and we've stepped off the ledge (hopefully forever). Now we just have to make what amounts to a noisy retreat to cover the initial mistake.

If the US growth rate is, say, 1% in 2025 and then improves from 2026-28, no one will remember this much. If the results in the immediate are worse (including a recession), it will cloud the whole of Trump's term because voters trusted him on the economy.

 

[Uncoach]

 

[stoneaxe27]

View embedded media

Instead of listening to the headlines on FOX and RW media, and the short clips, watch the entire debacle. Clearly it was an ICE riot, where they had to come outside of the gate to arrest the mayor. Then allowed the oversight visit by the representatives. ICE needs more effective leadership.

 

[Uncoach]

Instead of listening to the headlines on FOX and RW media, and the short clips, watch the entire debacle. Clearly it was an ICE riot, where they had to come outside of the gate to arrest the mayor. Then allowed the oversight visit by the representatives. ICE needs more effective leadership.

LOL. That's not what happened.

 

[BigWill]

You guys need to stop all this angst about tariffs and Trump and FOCUS on what HALF (or 54 %) the population focuses on to make them smile !

Travis AND what's her name were seen and photographed out at a Mother's Dinner TOGETHER !

We also found out what Travis loves best about her cooking !

Pop Tarts !

 

[BigWill]

Stocks soaring. DJI is already up 2.5% on the day.

2.61 now, but who's counting !

 

[BigWill]

Wow. Did Starmer finally figure out he was sinking the UK as we know it?

View embedded media

"Sinking the U.K.", is that because of climate change ?

 

[stoneaxe27]

LOL. That's not what happened.

You haven't watched the footage. I did, several times unfortunately as that was covered ad nauseum by the news media.

 

[BigWill]

Instead of listening to the headlines on FOX and RW media, and the short clips, watch the entire debacle. Clearly it was an ICE riot, where they had to come outside of the gate to arrest the mayor. Then allowed the oversight visit by the representatives. ICE needs more effective leadership.

You are correct about more effective leadership !

Don't hyperventilate or get dizzy !

I meant the ICE agents should have made MORE arrests !

 

[BigWill]

Remember when I said Elon was UP around $ 30,000,000,000 + and I was poo pooed, by some financial prognosticators here ?

Well it turns out I low balled his gains from TT following at 225 !

TESLA is almost at 325 !

Which means Elon is UP somewhere about $ 50,000,000,000 +/- depending how many Millions of shares he owns !

 

[Uncoach]

"Sinking the U.K.", is that because of climate change ?

It's the extra weight of a certain preferred immigrant group and the government bringing them in without vetting and letting them run wild.

 

[djpc]

I keep wondering about why people think Trump's real goal was to "open up" foreign markets. ....

I've always taken Trump to be pro free trade. Even going back to the 80s, while maybe not using the phrase "open up foreign markets" he was decrying situations where US markets were open to foreign countries but their markets are not open to ours.

This is from 2018:

I suppose a person could believe he's telling bald-faced lies on the subject and has been for nearly 40 years.

His recent actions have been to lower tariffs at each juncture where a trading partner has taken an action to lower barriers for US goods, sometimes even when they only agree to sit down and have discussions. My engineer brain perhaps extrapolates too quickly but the trend I see is: thumb your nose at the US, tariffs go up. Engage in a process of bidirectionally lowering barriers, tariffs go down. For those willing to reciprocate, zero barriers is the end game of that process. Or at least near zero, there are some strategic measures any country that wants to preserve its sovereignty and ability to function might take.

 

[dtrain79]

I've always taken Trump to be pro free trade. Even going back to the 80s, while maybe not using the phrase "open up foreign markets" he was decrying situations where US markets were open to foreign countries but their markets are not open to ours.

This is from 2018:

View embedded media

I suppose a person could believe he's telling bald-faced lies on the subject and has been for nearly 40 years.

His recent actions have been to lower tariffs at each juncture where a trading partner has taken an action to lower barriers for US goods, sometimes even when they only agree to sit down and have discussions. My engineer brain perhaps extrapolates too quickly but the trend I see is: thumb your nose at the US, tariffs go up. Engage in a process of bidirectionally lowering barriers, tariffs go down. For those willing to reciprocate, zero barriers is the end game of that process. Or at least near zero, there are some strategic measures any country that wants to preserve its sovereignty and ability to function might take.

Your engineering brain probably doesn't realize that US exports pay an average of roughly 3-4% duties when hitting foreign shores, while those importing to the US pay about 2-3% in American tariffs. Obviously, some products have no tariffs while others are higher than this range of under 5% on both exports/imports.

I suppose it is possible that Trump has zero idea how free trade the world actually is in 2025. He is deeply uninformed on many key facts about reality. And how a 10% across the board tariff alone is an explosion on the rate of import levies (which are overwhelmingly paid by the consumer).

But I think you are just lying to yourself on this one, as most rational Trump supporters seem to do when they have to answer the question on why Trump is doing this (i.e., he thinks tariffs are good or he thinks imposing them is the best way to free trade). I consistently see the latter as the answer, but the latter doesn't actually comport with where America falls in the free trade system (low import/export duties both directions).

Edit: The more I consider this, the more I think Trump may well still think it's the 1980s when places like Japan/Korea really were seeking to block American imports.

 

[BigWill]

If true does this mean the mayors of these cities broke US law?

View embedded media

There is an ongoing Investigation about MASSIVE criminal movements of funds moved illegally around Epstein and his buddies !

The more you used the Lolita Express or stayed on his Island or used his other properties, the more likely you were involved, either sexually or financially !