US Politics Thread 2021-24

[Skybird]

The chronology of events points overwhelmingly to Trump manipulating prices to use insider knowledge to enrich himself and his cronies.

And he knows nothing, absolutely nothing about the Chinese.

Its not the only thing he knows nothing about.

[AVGWarhawk]

Originally Posted by Skybird

The chronology of events points overwhelmingly to Trump manipulating prices to use insider knowledge to enrich himself and his cronies.

May I see the chronology of events you seemingly have? Marth Stewart should be investigated again?

[August]

Originally Posted by AVGWarhawk

May I see the chronology of events you seemingly have? Marth Stewart should be investigated again?

He doesn't have one nor could he name these supposed "cronies". He just mindlessly repeats whatever he reads from the leftist press.

[AVGWarhawk]

Originally Posted by August

He doesn't have one nor could he name these supposed "cronies". He just mindlessly repeats whatever he reads from the leftist press.

Marjorie Taylor Greene, Trumps biggest supporter, took it in the shorts. So much for insider trading.

[August]

Originally Posted by AVGWarhawk

Marjorie Taylor Greene, Trumps biggest supporter, took it in the shorts. So much for insider trading.

I understand that DOGE is looking into how Democrat politicians like Jefferies and Pelosi could become multi-millionaires on a congress-critters salary of $174k per year.

[AVGWarhawk]

Originally Posted by August

I understand that DOGE is looking into how Democrat politicians like Jefferies and Pelosi could become multi-millionaires on a congress-critters salary of $174k per year.

He can look but nothing will be spoken or found. I would say that all in DC have had some participation in insider trading. Never the less, it is very suspect for all.

[AVGWarhawk]

The stock market appeared to be relatively.....calm. Overall, still a good day.

[Dargo]

In the 129-year history of the Dow Jones Industrial Average, the index has closed higher or lower by at least 1,000 points just 31 times. Four of those times happened in the past week. Bonds aren’t rising, they’re falling largely because investors have lost faith in US trade policy, and they fear America could get hurt even worse than the countries Trump’s tariff policy is targeting.

The oil market has been trading like we’re going into a recession. Prices have tumbled over the course of the past couple of weeks as investors feared Trump’s trade policy could sap demand for travel, shipping and transportation, all of which require fuel. US oil on Friday morning fell below $60 a barrel, close to a four-year low, before recovering slightly. Brent, the global benchmark, was hovering around $63 a barrel, the lowest since April 2021, before also gaining slightly. Oil prices have served as a prime recession indicator in recent years. Prices tumbled after surging above $100 a barrel for the first time as the Great Recession took hold in 2008. And prices went negative for the first time during the pandemic, as a glut of oil became so severe that traders were literally paying storage facilities to take the unwanted oil off their hands.

The dollar on Friday tumbled to its lowest level in three years. That’s the opposite of what you’d expect when tariffs are put in place. Typically, tariffs raise the value of a local currency, because it encourages residents to purchase homemade goods instead of foreign options, stretching their money further in comparison to other currencies. But currency traders have sold off the dollar, because they believe America will bear the brunt of Trump’s trade war fallout and end up comparatively weaker than before tariffs were put in place.

[AVGWarhawk]

Originally Posted by Dargo

In the 129-year history of the Dow Jones Industrial Average, the index has closed higher or lower by at least 1,000 points just 31 times. Four of those times happened in the past week. Bonds aren’t rising, they’re falling largely because investors have lost faith in US trade policy, and they fear America could get hurt even worse than the countries Trump’s tariff policy is targeting.

The oil market has been trading like we’re going into a recession. Prices have tumbled over the course of the past couple of weeks as investors feared Trump’s trade policy could sap demand for travel, shipping and transportation, all of which require fuel. US oil on Friday morning fell below $60 a barrel, close to a four-year low, before recovering slightly. Brent, the global benchmark, was hovering around $63 a barrel, the lowest since April 2021, before also gaining slightly. Oil prices have served as a prime recession indicator in recent years. Prices tumbled after surging above $100 a barrel for the first time as the Great Recession took hold in 2008. And prices went negative for the first time during the pandemic, as a glut of oil became so severe that traders were literally paying storage facilities to take the unwanted oil off their hands.

The dollar on Friday tumbled to its lowest level in three years. That’s the opposite of what you’d expect when tariffs are put in place. Typically, tariffs raise the value of a local currency, because it encourages residents to purchase homemade goods instead of foreign options, stretching their money further in comparison to other currencies. But currency traders have sold off the dollar, because they believe America will bear the brunt of Trump’s trade war fallout and end up comparatively weaker than before tariffs were put in place.

My findings are bonds increase today. Not by much but still increased. Oil can decrease per barrel all day. Better prices at the pump. Up market today is a positive. Gloom and doom it's not.

America has beared the brunt for a long time.

[mapuc]

Have read and heard people saying that Trump doesn't know what he is doing.

What if he knows exactly what he's doing ?

The Danish Parliament is working on a deal with USA

Amid a diplomatic crisis with Washington, Danish MPs are set to ratify the defense agreement signed in December 2023, which will grant the United States unlimited access to three Danish bases for 10 years.

(Only some part of the article is available rest is behind paywall)

https://www.lemonde.fr/en/internatio...6740086_4.html

Markus

[AVGWarhawk]

Originally Posted by mapuc

Have read and heard people saying that Trump doesn't know what he is doing.

What if he knows exactly what he's doing ?

Markus

He just might know what he is doing. I have no doubt Trump has thought about tariffs for a long time. He has always tailed about tariffs.

[Skybird]

What if pigs could fly? It would rain sh!t from the sky.

Well - can they?

Hardly.

Trump has just changed his fincial adviser team. According to reports in the US media, Trump has demoted his two most important customs advisors. According to “Politico”, Secretary of Commerce Howard Lutnick is to be demoted and will just represent policy more externally in future. The real man behind Trump's tariffs, trade advisor Peter Navarro, is therefore set to largely disappear from the government's political stage, according to reports. Treasury Secretary Scott Bessent is to move more to the fore. He is considered to be more level-headed among Trump confidants.

[AVGWarhawk]

Originally Posted by Skybird

What if pigs could fly? It would rain sh!t from the sky.

Well - can they?

Hardly.

Trump has just changed his fincial adviser team. According to reports in the US media, Trump has demoted his two most important customs advisors. According to “Politico”, Secretary of Commerce Howard Lutnick is to be demoted and will just represent policy more externally in future. The real man behind Trump's tariffs, trade advisor Peter Navarro, is therefore set to largely disappear from the government's political stage, according to reports. Treasury Secretary Scott Bessent is to move more to the fore. He is considered to be more level-headed among Trump confidants.

Yellen needs to go.

[Dargo]

Originally Posted by AVGWarhawk

My findings are bonds increase today. Not by much but still increased. Oil can decrease per barrel all day. Better prices at the pump. Up market today is a positive. Gloom and doom it's not.

America has beared the brunt for a long time.

Oil producers need WTI oil prices to amount to a minimum of $62 per barrel in order to profitably drill a new well. Sure $60 is a great price for your economy. What is stupidity doing? Well, an orange wish in one hand, shyte in the other, see which one fills up first.

[AVGWarhawk]

Originally Posted by Dargo

Oil producers need WTI oil prices to amount to a minimum of $62 per barrel in order to profitably drill a new well. Sure $60 is a great price for your economy. What is stupidity doing? Well, an orange wish in one hand, shyte in the other, see which one fills up first.

Drill baby, drill.