Economy Update April 6th (Futures down 4% - Nasdaq projected to open down 25% from February highs)

[Rob Battisti]

No one can predict the future 100%. However, pretty much every economic indicator is at 1929 levels or worse. End of times? Possible, but probably not. A world of pain like you've never seen in your trading life? Pretty much guaranteed.

Doubt

 

[aerius]

Congress is either going to have to act to take back the power to levy tariffs or use the 25th amendment to get rid of this fucking moron.

He's torching the economy and has no idea how trade works on a fundamental level.

This isn't a fucking joke anymore. All of this is lunacy.

Trust the plan man, trust!

Spoiler

For the humor impaired, yes, this is clearly sarcasm

 

[Gas121]

Congress is either going to have to act to take back the power to levy tariffs or use the 25th amendment to get rid of this fucking moron.

He's torching the economy and has no idea how trade works on a fundamental level.

This isn't a fucking joke anymore. All of this is lunacy.

A man gambling with your economy that has bankrupted more times than you can count on one hand.

SkidRow is going to get really busy this year. It's going to be thriving.

 

[The Diplomat]

The first term we had this thing called CV-19 which was a 1 in 100 year pandemic. When that happens ... spending goes way up. It's funny that I had to educate you on that simple fact.

Why are you against an open free and fair trade policy for the USA?

Kindly, eat a dick.

Funny. I thought covid was a hoax.

 

[Whippy McGee]

Funny. I thought covid was a hoax.

Who said that? Got a link? It seemed pretty real.

 

[ermac88]

Anything not US related. Emerging markets.

Im no expert.

Toronto stock exchange, London stock exchange took a huge hit becuase of this as well (all markets)



I was hoping by diversifying outside of the US would offer more security, not the case with this particular madness

Just an FYI, if you by chance you weren't already aware.

 

[Rod1]

Congress is either going to have to act to take back the power to levy tariffs or use the 25th amendment to get rid of this fucking moron.

He's torching the economy and has no idea how trade works on a fundamental level.

This isn't a fucking joke anymore. All of this is lunacy.

I called it, for all the retards claiming this is about foreign trade barriers, its not, Trump sees trade deficits as inherently wrong so there is no deal to possibly be made that would actually allow the US to have both free trade and no trade deficits with any country.

You guys kept crying about the far left so much that you literally picked a guy who has far left economic ideas about autarky and anti-trade.

 

[Rod1]

That’s way too much. An actual crisis in 2008 took less than that.

With the caveat that there were grown men and not senile manchildren at the helm of the US back in the day.

The only way this mess can be saved is if Congress both Dems and Reps get together and pass a supermajority veto proof law to strip the president of the ability to set tariffs.

If that happens, then yeah, i can see the US recovering but slim chance of anyone on the Rep side having balls to go against the orange toddler.

America is done, they were always a nation of retards but most of them were kind of controlled by the elite media, once social media became a thing it was only a matter of time until they voted someone like Trump.

 

[MTT]

I think some of these tariff-related threads will be a blast to revisit in the coming years. Many bold predictions are being made.

 

[Gas121]

Im no expert.

Toronto stock exchange, London stock exchange took a huge hit becuase of this as well (all markets)



I was hoping by diversifying outside of the US would offer more security, not the case with this particular madness

Just an FYI, if you by chance you weren't already aware.

This is sure damaging for everybody, make no mistake about that.

My thesis is the US are the ones isolating themselves with a trade war. The US could leave themselves hanging here. I think many countries will be looking elsewhere to strike deals and no longer see the US as somebody that can be trusted after this fiasco. Being tied with the US is now becoming a gamble with somebody like Donald at helm.

Is the US really the safe place it once was now to park your money? I can see investors looking elsewhere to off set risk.

Brazil is an interesting one in my view as emerging market. Apple are already looking to expand manufacturing over there.

 

[Hellowhosthat]

Everyone should always DCA but when there is blood in the streets, increase the DCA and level into winners.

I'm kind of interested in throwing some money into the dip at some point here. My knowledge isn't great though so I'm interested in why you'd be looking to buy now rather than wait for a bit of it seems like it's going to continue to trend down. Are there specific sectors you're expecting to rebound first?

 

[Hellowhosthat]

Congress is either going to have to act to take back the power to levy tariffs or use the 25th amendment to get rid of this fucking moron.

He's torching the economy and has no idea how trade works on a fundamental level.

This isn't a fucking joke anymore. All of this is lunacy.

My worry is the dude seems very stubborn about this so much so that even if it's clearly not working I'm not sure he'll change course.

Also the US is already in a trade surplus with the UK and he still has tariffs on us lol.

 

[ermac88]

This is sure damaging for everybody, make no mistake about that.

My thesis is the US are the ones isolating themselves with a trade war. The US could leave themselves hanging here. I think many countries will be looking elsewhere to strike deals and no longer see the US as somebody that can be trusted after this fiasco. Being tied with the US is now becoming a gamble with somebody like Donald at helm.

Is the US really the safe place it once was now to park your money? I can see investors looking elsewhere to off set risk.

Brazil is an interesting one in my view as emerging market. Apple are already looking to expand manufacturing over there.

Agreed

The uncertainty is absolutely daunting

but for me personally, Im not liquid or flexible to gamble at this chapter of life

 

[IanEdwards]

America is done, they were always a nation of retards but most of them were kind of controlled by the elite media, once social media became a thing it was only a matter of time until they voted someone like Trump.

I don't think i have considered this point before, it seems pretty obvious in hindsight

 

[AdamWarlock]

quick there's a bounce back in the market
hey buy the dips crew it's time to keep buying
sell your house sell your wife sell your kids, keep buying the dips
fucking trumpers

 

[Scerpi]

Funny. I thought covid was a hoax.

The printing of a few trillion dollars during Covid wasn't a hoax... I mean... Why not double the money supply? What's the worst that could happen?

 

[Renard]

America is done, they were always a nation of retards but most of them were kind of controlled by the elite media, once social media became a thing it was only a matter of time until they voted someone like Trump.

Your sentence assumes that the elites' interests align with our own, and that any decision not made in our interest must not be their choice. Our interests don't align. The 0.1% stands to benefit from an economic meltdown, and they can use it to make the 99% desperate and easier to control. It's an absolute win for them.

 

[Rob Battisti]

I'm kind of interested in throwing some money into the dip at some point here. My knowledge isn't great though so I'm interested in why you'd be looking to buy now rather than wait for a bit of it seems like it's going to continue to trend down. Are there specific sectors you're expecting to rebound first?

NVDA

Looks like a great buy right here tbh just leveled in a little more

 

[Rob Battisti]

Agreed

The uncertainty is absolutely daunting

but for me personally, Im not liquid or flexible to gamble at this chapter of life

The uncertainty is the thing you’re right

 

[Seano]

A man gambling with your economy that has bankrupted more times than you can count on one hand.

SkidRow is going to get really busy this year. It's going to be thriving.

Keep your fingers crossed, it may go as badly as you hope.