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(Bloomberg)   Trump: Trade wars are good... easy to win. Market: run away, run away   ( bloomberg.com) divider line
    More: Facepalm, Dow Jones Industrial Average, Central bank, International trade, trade war, VIX, Economics, potential trade war, Cboe Volatility Index  
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1351 clicks; posted to Business » on 02 Mar 2018 at 11:43 AM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



39 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-03-02 11:47:31 AM  
He really wants to be a wartime president.
 
2018-03-02 11:55:58 AM  

wildsilverfox: He really wants to be a wartime president.


He wants justification for a military parade, and he cannot do that without a war.
 
2018-03-02 12:21:16 PM  
Not even the Ferengi think trade wars are good.
 
2018-03-02 12:23:12 PM  
Whole lot of smart in this thread so far.

Cynicism is the new black.  If you aren't wearing cynicism, you're fooling yourself.
 
2018-03-02 12:29:33 PM  
Of course, the real problem is Trump doesn't understand how trade works.

He seems to think that a "trade deficit" as something bad like business revenue deficit, probably because it has the word "deficit" in it. It's a little more complicated than that.

The US has been running a trade deficit since 1975 (aka 4 years after the dissolution of the Bretton Woods and the Nixon Shock), but all that means is more American money is going out to other countries than coming back, which is kind of what you want to happen when you are the reserve currency of the entire global financial system. Every other currency is pegged to, and backed by, the US dollar, so it is in America's best interests to have lots of American dollars floating around the world all the time. When other countries hold your money, they inevitably send it back -- invest in your country, buy your products, etc...

Trump seems to think this is a bad thing for reasons that, to quote Wolfgang Pauli, are "not even wrong". The purpose of trade policy is not to have a balance or even a surplus. Doing so would shrink the influence of the American dollar around the globe which is the exact opposite thing you want to happen when you are the world's monetary standard. For farks sakes.

I'm sure Trump has economic advisors that have tried to explain this to him. And I'm sure he has ignored them just the same. Because he doesn't understand how trade and global finance works.
 
2018-03-02 12:35:17 PM  
Mueller's gonna drop something big today. Bigger than Jared greenlighting the Qatar blockade because he got stiffed, which at this point is ancient history.

/honestly though it was because the al-Sauds gave Trump a shiny trinket
 
2018-03-02 12:46:33 PM  
Trudeau: "unacceptable" (w/helpful pic of Trump "pull my finger" and "here's how I suck")
 
2018-03-02 12:55:02 PM  

harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.


Correct to both.
 
2018-03-02 12:57:34 PM  

Ishkur: Not even the Ferengi think trade wars are good.


The Ferengi also honored contracts so Donald is 0-2
 
2018-03-02 12:59:09 PM  

Ishidan: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

Correct to both.


We've had "wartime" Presidents since 2003.
 
2018-03-02 01:01:50 PM  

harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.


A winning war. Can't parade if you lose
 
2018-03-02 01:02:19 PM  

Ishkur: Not even the Ferengi think trade wars are good.


They do think war is good for business

/peace is also good for business
 
2018-03-02 01:04:30 PM  

Ishkur: Doing so would shrink the influence of the American dollar around the globe which is the exact opposite thing you want to happen


On the other hand, it is exactly what you'd want to have happen if you wanted to reduce the US's influence.

Obama received criticism for "leading from behind".  In contrast, Trump is retreating from the front.
 
2018-03-02 01:35:25 PM  

Gubbo: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

A winning war. Can't parade if you lose


You can, but it just does not mean anything, just like when Trump asks you to take him for his word.
 
2018-03-02 01:36:54 PM  

Ishkur: He seems to think that a "trade deficit" as something bad like business revenue deficit, probably because it has the word "deficit" in it. It's a little more complicated than that.


ding ding ding.

We've seen him speak multiple times about economics in ways that reveal he knows very, very little about it. He understands less than a typical Macroeconomics 101 student spouting about supply and demand.

He thinks a two-trillion dollar rise in the stock markets balances out a trillion dollar increase in government spending to the point that he can claim to have a balanced budget.

He thinks that if we have a trade deficit with China we're literally better off not trading with them at all. That is either insanity, ignorance, or evil.
 
2018-03-02 01:37:19 PM  

H31N0US: Ishidan: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

Correct to both.

We've had "wartime" Presidents since 2003.


About 220 years off there, buddy.

Seriously has there ever been a presidency without the US being in a military conflict?
 
2018-03-02 01:43:10 PM  

dywed88: H31N0US: Ishidan: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

Correct to both.

We've had "wartime" Presidents since 2003.

About 220 years off there, buddy.

Seriously has there ever been a presidency without the US being in a military conflict?


If you don't count presidencies like Carter's as peaceful (and I would, personally), then you need to go at least back to Herbert Hoover. He was strongly non-interventionist to the point of (later) not wanting us to get involved in WWII. However, the US was still occupying Haiti and I think Nicaragua.
 
2018-03-02 02:13:44 PM  

dywed88: H31N0US: Ishidan: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

Correct to both.

We've had "wartime" Presidents since 2003.

About 220 years off there, buddy.

Seriously has there ever been a presidency without the US being in a military conflict?


Carter, not a single bomb dropped nor a single missile fired. According to him.
 
2018-03-02 02:15:25 PM  

harleyquinnical: Gubbo: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

A winning war. Can't parade if you lose

You can, but it just does not mean anything, just like when Trump asks you to take him for his word.


Donald Trump | BELIEVE ME | Ultimate Funny Compilation
Youtube zDTeMNhuPTc
 
2018-03-02 02:21:29 PM  
Just throwing it out there. What if his remarks are actually insider trading to temporarily tank the markets, allowing some of hi close friends a chance to buy some stocks on the cheap.  I know far fetched conspiracy stuff, but you never know.
 
2018-03-02 02:28:43 PM  
What do you call a Chickenhawk in the economic sphere?
 
2018-03-02 02:50:18 PM  

FarkaDark: Just throwing it out there. What if his remarks are actually insider trading to temporarily tank the markets, allowing some of hi close friends a chance to buy some stocks on the cheap.  I know far fetched conspiracy stuff, but you never know.


Icahn sold his steel stock last week.
 
2018-03-02 03:12:24 PM  
Even Wall Street knows that they would have been better off with Hillary Clinton.  She was no enemy of Wall Street and was more reliable.
 
2018-03-02 03:14:54 PM  

Ishkur: The US has been running a trade deficit since 1975 (aka 4 years after the dissolution of the Bretton Woods and the Nixon Shock), but all that means is more American money is going out to other countries than coming back, which is kind of what you want to happen


That's backwards.

A trade deficit is an investment surplus - If foreigners send us $110 in goods and services for every $100 in goods and services we export, then the excess $10 is both the trade deficit and the amount foreigners invested in the US. It's two sides of the same coin.
 
2018-03-02 03:21:25 PM  
pbs.twimg.comView Full Size
 
2018-03-02 03:27:43 PM  

Gubbo: Ishkur: Not even the Ferengi think trade wars are good.

They do think war is good for business

/peace is also good for business


"War is good for profits" is #34 in the Ferengi Rules of Acquisition.
 
2018-03-02 03:32:30 PM  

Gubbo: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

A winning war.


The US will lose if we get into a trade war.
 
2018-03-02 03:43:42 PM  

eyeq360: Gubbo: Ishkur: Not even the Ferengi think trade wars are good.

They do think war is good for business

/peace is also good for business

"War is good for profits" is #34 in the Ferengi Rules of Acquisition.


Look up Rule #35
 
2018-03-02 03:44:05 PM  

hammettman: Gubbo: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

A winning war.

The US

Everyone will lose if we get into a trade war.
 
2018-03-02 03:48:01 PM  

Gubbo: eyeq360: Gubbo: Ishkur: Not even the Ferengi think trade wars are good.

They do think war is good for business

/peace is also good for business

"War is good for profits" is #34 in the Ferengi Rules of Acquisition.

Look up Rule #35


Ferengis will make a profit during war or peace.
 
2018-03-02 05:04:28 PM  

Snarcoleptic_Hoosier: Ishkur: Not even the Ferengi think trade wars are good.

The Ferengi also honored contracts so Donald is 0-2


Well... sometimes.

Rule of acquisition #17: A contract is a contract is a contract... but only between Ferengi.
 
2018-03-02 05:06:19 PM  

Gubbo: Everyone will lose if we get into a trade war.


Not Russia.
 
2018-03-02 05:53:50 PM  
I really want to read the newest talking points for this but the shills can't update them fast enough.
 
2018-03-02 08:29:11 PM  
Trump's economic policies remind me of a NSCSB.

Back in my kidhood, like when I was 5 or 6, I got a little red wagon for my birthday.

Second day I had it I dragged up street, to where there was a nice hill. Got in, pushed off with my feet and away I went.

As I accelerated down the hill, I noticed that the cross street at the bottom of the hill had heavier traffic than I recalled..

Realizing that this was a highly problematic issue, due to NO BRAKES, I decided to attempt to turn off the hill.

Little red wagons don't steer for shiat.

The next bit is extremely hazy, and my next clear recollection is being in the emergency room, getting my forehead repaired. I still have the scar over my eyebrow 50 years later.

I never saw my wagon again.
 
2018-03-03 12:47:03 AM  
img.fark.netView Full Size

Not a how-to guide.
 
2018-03-03 04:49:23 AM  
The article's headline reads "Stocks End Higher."
 
2018-03-03 06:12:00 AM  

Ishkur: Of course, the real problem is Trump doesn't understand how trade works.

He seems to think that a "trade deficit" as something bad like business revenue deficit, probably because it has the word "deficit" in it. It's a little more complicated than that.

The US has been running a trade deficit since 1975 (aka 4 years after the dissolution of the Bretton Woods and the Nixon Shock), but all that means is more American money is going out to other countries than coming back, which is kind of what you want to happen when you are the reserve currency of the entire global financial system. Every other currency is pegged to, and backed by, the US dollar, so it is in America's best interests to have lots of American dollars floating around the world all the time. When other countries hold your money, they inevitably send it back -- invest in your country, buy your products, etc...

Trump seems to think this is a bad thing for reasons that, to quote Wolfgang Pauli, are "not even wrong". The purpose of trade policy is not to have a balance or even a surplus. Doing so would shrink the influence of the American dollar around the globe which is the exact opposite thing you want to happen when you are the world's monetary standard. For farks sakes.

I'm sure Trump has economic advisors that have tried to explain this to him. And I'm sure he has ignored them just the same. Because he doesn't understand how trade and global finance works.



Fixed.
Were all those extra bytes really necessary?
 
2018-03-03 09:43:16 AM  

Gubbo: harleyquinnical: wildsilverfox: He really wants to be a wartime president.

He wants justification for a military parade, and he cannot do that without a war.

A winning war. Can't parade if you lose


Tell that to Cleveland

assets.rappler.comView Full Size


cbsdenver.files.wordpress.comView Full Size

s.yimg.comView Full Size
 
2018-03-03 09:49:03 AM  
In all seriousness, could this just be a giant bluff in an attempt to help Rick Saccone win that special election in Western PA where the depleted steel industry is based out of?  Then like the transgender ban and everything else he's promised, he'll stop talking about it after Conner Lamb takes away another GOP House seat?
 
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