America, Inc.

by **HitRed** on Fri Jan 31, 2025 4:01 pm

Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.

This will be an interesting experiment.

by **Pack Rat** on Fri Jan 31, 2025 9:46 pm

HitRed wrote:Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.

This will be an interesting experiment.

There will be a 2-3 week delay before the tariff/tax takes effect due to paperwork and notifications of the seller and buyer of products.

Canada, Mexico and China is our largest trading partners. There will be retaliation. Wall Street will be adversely effected, especially once inflation starts and a recession possibility.

Really HitRed....you call this an interesting experiment?

This interesting experiment can result in a recession or worse. We already experimented with tariffs in 1930 which made the depression worse.

https://www.investopedia.com/terms/s/sm ... ff-act.asp

by **HitRed** on Fri Jan 31, 2025 11:54 pm

Recession is already baked in.

—-

His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.

It should be an interesting experiment.

by **Pack Rat** on Sat Feb 01, 2025 12:09 am

HitRed wrote:Recession is already baked in.

—-

His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.

It should be an interesting experiment.

Please explain how the recession is already baked in. Oh...I see! It's all Biden's fault!

by **jusplay4fun** on Sat Feb 01, 2025 1:13 am

Pack Rat wrote:
HitRed wrote:Recession is already baked in.

—-

His team has huge amounts of experience, connections and confidence. And the power of the presidency. And the power of the USA. And the leading market in the world. We have never had a presidency so business oriented. It isn’t all money though. Stopping the fentanyl epidemic would help all the countries.

It should be an interesting experiment.

Please explain how the recession is already baked in. Oh...I see! It's all Biden's fault!

You are FINALLY getting it, pee-rat.

by **HitRed** on Sat Feb 01, 2025 8:30 am

Steve Hanke

https://fred.stlouisfed.org/series/fedfunds

Since 1980 when the Fed raised rates then reversed rates the gray areas (recession) happened. It’s a strong correlation. The number of months till it happened varies. We are long in the tooth to have one.

by **HitRed** on Sat Feb 01, 2025 8:42 am

Interesting article of trade between the provinces.

Canadian booze-makers hope U.S. tariff threats help smash trade barriers at home

https://www.cbc.ca/news/canada/british- ... -1.7444161

by **Pack Rat** on Sat Feb 01, 2025 11:18 am

HitRed wrote:Trump has an unprecedented 12 billionaires for his administration. Tariffs go in effect tomorrow on Canada, Mexico and China. And the markets don't seem to be worried.

This will be an interesting experiment.

Billionaires will look after your best interests, lol.

by **Pack Rat** on Sat Feb 01, 2025 11:40 am

HitRed wrote:

Steve Hanke

https://fred.stlouisfed.org/series/fedfunds

Since 1980 when the Fed raised rates then reversed rates the gray areas (recession) happened. It’s a strong correlation. The number of months till it happened varies. We are long in the tooth to have one.

You like correlations? Recessions since World War II have happened under Republican Presidents.

https://www.jec.senate.gov/public/index ... presidents

by **HitRed** on Sat Feb 01, 2025 9:21 pm

CBC News

by **Dukasaur** on Sun Feb 02, 2025 8:04 pm

It's true that we are way overdue for a recession.

Until this nonsense happened, however, it was supposed to be a relatively mild recession.

The tariffs have a chance to turn a mild recession into a catastrophe. Don't need to remind people about Smoot-Hawley, I'm sure, and the root causes of WWII.