Poll - The Stock Market and Vintage Sales

[Peter_Spaeth]

Originally Posted by raulus

Pretty big bounce today!

Maybe the cat wasn't so dead after all.

[BioCRN]

Originally Posted by Peter_Spaeth

Maybe the cat wasn't so dead after all.

Well, technically "Hurrah I lost 3% of my wealth" is better than "Hurrah I lost 7% of my wealth"

[calvindog]

Sad that it can’t go down every day! We’ll need to pivot to something else. Damnit.

[D. Bergin]

Wow, this guy just figured out how to manipulate the stock market, with the ultimate insider information.

I'm sure he wouldn't use this to benefit himself and his fellow cronies.......would he?

[Leon]

Originally Posted by D. Bergin

Wow, this guy just figured out how to manipulate the stock market, with the ultimate insider information.

I'm sure he wouldn't use this to benefit himself and his fellow cronies.......would he?

Let's keep politics out, please. I have my own views too, as we all do. I am not necessarily disagreeing, or agreeing, but please take it somewhere else. (other members too)

.

[oldjudge]

Nice to see the rally today but the important thing to remember is that this is far from over and no one has any idea what the ultimate outcome will be. I saw that Vietnam offered to eliminate all tariffs on US goods and the administration said that this is not enough. I don't know if the government wants a deal and, if so, what it would believe a fair deal is. I think that some of the goals of the tariffs will be achieved--some jobs will eventually return to the US, but I don't know how to compare adding a few million jobs say to having higher costs for several hundred million people.
China is the second largest holder of US treasuries (Japan first, UK third). Piss off China enough and this could escalate to a financial war and if China stops buying our obligations rates will rise and the cost of financing our 1.1 trillion dollar deficit will grow.

[raulus]

Originally Posted by oldjudge

Nice to see the rally today but the important thing to remember is that this is far from over and no one has any idea what the ultimate outcome will be. I saw that Vietnam offered to eliminate all tariffs on US goods and the administration said that this is not enough. I don't know if the government wants a deal and, if so, what it would believe a fair deal is. I think that some of the goals of the tariffs will be achieved--some jobs will eventually return to the US, but I don't know how to compare adding a few million jobs say to having higher costs for several hundred million people.
China is the second largest holder of US treasuries (Japan first, UK third). Piss off China enough and this could escalate to a financial war and if China stops buying our obligations rates will rise and the cost of financing our 1.1 trillion dollar deficit will grow.

At the same time, it's not like China can just do whatever it wants.

All those dollars they make selling us stuff have to go somewhere. Either they can buy treasuries, or they can buy other stuff with those dollars. Or I guess they could convert those dollars back into 人民幣 (aka 元 or yuan).

Except that if they trade all those dollars for their own currency, then our currency would weaken, and theirs would strengthen, which makes their goods that much more expensive in dollar terms.

[griffon512]

"China is the second largest holder of US treasuries (Japan first, UK third). Piss off China enough and this could escalate to a financial war and if China stops buying our obligations rates will rise and the cost of financing our 1.1 trillion dollar deficit will grow."


China's holdings of US treasuries have declined from $1.3 billion in 2013 to ~$750 billion at the end of the last year. I'm guessing they have been a heavy seller of US treasuries in the last week, which likely contributed to the spike in bond yields over that period. Bond yields spiking is one of the reasons why there is a 90-day delay in the announced tariff policy (with the exception of China). With $36+ trillion in national debt, $2 trillion in structural annual deficits -- including $1 trillion in annual debt interest costs (higher than we spend on national defense) -- it becomes even more expensive to be a debtor when yields increase. Expect the government to do everything in its power to avoid a further spike in yields, including aggressively buying US treasuries in the open market if any foreign nation is dumping a large amount.

[hammertime]

Originally Posted by D. Bergin

Wow, this guy just figured out how to manipulate the stock market, with the ultimate insider information.

I'm sure he wouldn't use this to benefit himself and his fellow cronies.......would he?

If you don't think this is happening you're being willfully ignorant.

[BioCRN]

I just want to know how many eggs I can get for a VG common M101-4 and if I want to trade using a Maple Crispette or World Wide Gum will there be an extra surcharge on the trade.

[Casey2296]

Originally Posted by hammertime

If you don't think this is happening you're being willfully ignorant.

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Just like its been happening in Congress on both sides of the aisle for years.

Interesting this time he posted "this is a great time to buy" on "X" prior to his decision so everybody had the chance to participate.

Strange times indeed.
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[Peter_Spaeth]

Originally Posted by Casey2296

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Just like its been happening in Congress on both sides of the aisle for years.

Interesting this time he posted "this is a great time to buy" on "X" prior to his decision so everybody had the chance to participate.

Strange times indeed.
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Blind trusts.