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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byquonset ( 4839537 ) writes:
I was waiting for something like this to happen. I give it until next week when the orange goon will "graciously" roll back more tariffs and give more exemptions.
The world needs these exotic components to keep running at this point in history. Any long-term disruption will have a far reaching effect on a wide range of industries.
This is what happens when you make things up as you go along because you have no idea what you're doing.
byDan East ( 318230 ) writes:
I was waiting for something like this to happen. I give it until next week
In the meantime the goal was achieved - Americans are talking about this issue (like here on Slashdot), politicians have been woken up to it again, and production in the USA can begin ramping back up.
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byLy4 ( 2353328 ) writes:
The goal was/is to make money via insider trading.
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byArchieBunker ( 132337 ) writes:
https://archive.ph/0MNL4#selec... [archive.ph]
Representative Marjorie Taylor Greene, Republican of Georgia, disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars’ worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump.
Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr.
byMr. Barky ( 152560 ) writes:
Who is going to go after the insiders? Any institution that has that power has already been gutted - and those remaining aren't going to risk their jobs to go after powerful people.
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bynmb3000 ( 741169 ) writes:
How did "insiders" "trade" to "profit" from the market dip?
Are you really this dense? Let's work together and see if we can figure it out.
First, Trump tanks the market by putting intentionally stupid tariffs in place.
Second, they wait a few days for stocks to sink 10% or so - hoping for enough to make a bunch of money but not enough to really break things (see the bond market).
Finally, Trump insiders and rich buddies get told that the tariffs will be lifted at date and time X, so they can buy beforehand.
For fucks sake, Trump literally posted it on his shitty Twitter clone [truthsocial.com] a few hours beforehand, I guess to throw a bone to his "orange man god" rubes.
It's not like stock transaction aren't tracked, we should be able to find all these "insiders" shorting stocks before the tariffs drive the market down. Of course, we know who these people are right? What they bought? How they profited, etc, right?
Sure, but guess who is responsible for finding these people? The SEC. Who gutted the staff and authority of the SEC? Trump and Musk. And who is running the castrated SEC? Oh yeah, the inmates. And who is responsible for prosecuting them? The AG and judiciary. And who's running that? The same group of fucks.
Or are you just raging because "orange man bad"?
God, I love when Trumpers use this and think it's a witty jab. Like Big Lead saying "Just raging because 'lead in brain bad'" or Big Tobacco saying "Just raging because 'lung cancer bad'" and thought it was a real burn. Yes, the "orange man" is bad, and stating it like it's an absurdity doesn't actually invalidate it.
Trump really does has a lock on the bottom half of the IQ distribution.
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byBranMan ( 29917 ) writes:
It's worse than that - from how I see it, it was all very deliberate, and somewhat clever.
1) How will the market response if we suddenly suspend the tariffs for 90 days?
2) Let's find out - create a 'rumor' that that has happened, and retract it a few hours later.
3) Boom! Stock market goes straight up. Make notes as to what parts went up the most.
4) Let everything settle back down again.
5) We need a 'trigger' - something that tells us when to start buying beforehand. The Trump post is perfect for that. No
bywildstoo ( 835450 ) writes:
Trump really does has a lock on the bottom half of the IQ distribution.
"I love stupid people. If it wasn't for the left side of the bell curve, I'd be in jail right now." - Trump, internally
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bydrinkypoo ( 153816 ) writes:
In the meantime the goal was achieved - Americans are talking about this issue
Americans have never stopped talking about manufacturing in America, so that's bullshit.
Americans are also now talking about trade imbalances without understanding what they mean, just like you, was that the goal?
and production in the USA can begin ramping back up.
The reason it left was because wealthy people in charge decided it should leave. No amount of average Americans talking about it moves the needle in any direction because the wealthy don't give two shits about what we think. In fact, they give not even one shit.
byjacks smirking reven ( 909048 ) writes:
Also this is just sortoff a fantasy playground for Americans, very telling in this poll that 80% of Americans say "America would be better off if more American's worked in manufacturing, however only 23% of those same Americans say they "would be better off if I worked in a factory" so everyone else should be turning the screws, but "not me, I like my high paying service job, that's for other folks"
Nostalgia for manufacturing will make the US poorer [ft.com]
byHiThere ( 15173 ) writes:
You can read it that way, or you can read it as "factories should be better places to work". I tend to read it the second way, but it results in the same observables.
byjacks smirking reven ( 909048 ) writes:
That's very charitable of you but I think that's straining credulity, do we have evidence of "I would give up my current job to work in a factory if conditions were better?" I mean only a minority percentage of American's even have context to say that, how many of us have "worked in a factory" to speak about conditions first hand?
I think the underlying answer you are surmising is "I would work in a factory if they paid me enough" which means this isn't about manufacturing at all, it's about wages.
byHiThere ( 15173 ) writes:
Not with the current conditions. But those need to be changed.
OTOH, it would take long enough that they WILL be changed...just in unpredictable ways.
byjacks smirking reven ( 909048 ) writes:
Yeah I suppose this is also confounded by our own subjective interpretation of "factory", like a textile mill or metal forge and a chip fab and a say the Starret Tool Factory [youtube.com] (This is a cool tour video of something the USA makes and excels at) are all factories but are all very different experiences with their own challenges.
byHiThere ( 15173 ) writes:
Well, my interpretation of "factory" is shaped by briefly working in a cannery multiple decades ago.
byjacks smirking reven ( 909048 ) writes:
See, now that I imagine is a "factory" like a straight up episode of How It's Made and I bet it's hot and full of OSHA violations.
byAmiMoJo ( 196126 ) writes:
Production in the US won't ramp up to anything like the needed levels to prevent massive cost increases and shortages, and even that will take years.
The way to do this is ramp up your supply first, not screw every industry that relies on it and hope they survive somehow.
bydunkelfalke ( 91624 ) writes:
Moreover, China is probably ahead of the rest of the world when it comes to the technologies of rare earth extraction. Production elsewhere will be far more expensive.
byDarkOx ( 621550 ) writes:
Sure because supplies totally are in a hurry to bring products to market they can't sell because China's are cheaper. Also you can absolutely subsidize stuff without someone creating a WTO complaint or responding with subsidies of their own etc.
It has all been tried to one level or another. It does not work. Just like CHIPS ACT, everyone was scrambling trying to find ways to get paid, just as long as it did not require making any actual IC packages in the US.
byAmiMoJo ( 196126 ) writes:
That's another example of how China does it better. The government sets a goal to develop an industry, gets solidly behind it, and doesn't change its mind 2 years later when there is an election.
bygweihir ( 88907 ) writes:
Yep. Sad but true. The west likes bickering and blowing minor issues all out of proportion so much that it has become incapable of dealing with large issues.
bysarren1901 ( 5415506 ) writes:
I mean, we have different parties with different governing principles. China is a single party and it doesn't sound like "talk back" is very acceptable there. That's definitely going to produce different results.
bywildstoo ( 835450 ) writes:
It's not just that. Bi-partisanship has been eroding over the past 15-20 years to the point where the parties can't even get together on things they agree on. The non-stop mudslinging on social media has turned US politics into a circus and the people who actually want to get things done are too busy staying out of the firing line. Trump's decision to dig in and fill every post with loyalists has only exacerbated the issue.
The solution is not one-party dictatorship. The solution is all levels of government
byThe-Ixian ( 168184 ) writes:
[...] and hope they survive somehow.
This is the part I don't understand, if the point of these tariffs is to build up American manufacturing.
If you want American manufacturing, you should be subsidizing American businesses. Especially small businesses who will fail without it.
bywildstoo ( 835450 ) writes:
But some of those businesses belong to Democrats! Such wasteful spending would never be approved by the Department of Grift Enhancement.
bygweihir ( 88907 ) writes:
The way to do this is ramp up your supply first, not screw every industry that relies on it and hope they survive somehow.
Indeed. But that requires some minimal understanding of how things actually work. I do not think that skill is available in the White House anymore...
bygweihir ( 88907 ) writes:
Was the fact that nobody is going to trust the US as a trade partner now for a long, long time also part of the goal?
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