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View Poll Results: Do the stock market losses play into your vintage buys? | |||
Yes |
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89 | 25.00% |
No |
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218 | 61.24% |
Sometimes |
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49 | 13.76% |
Voters: 356. You may not vote on this poll |
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#1
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Leon Luckey www.luckeycards.com Last edited by Leon; 04-09-2025 at 01:33 PM. |
#2
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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. Last edited by oldjudge; 04-09-2025 at 02:00 PM. |
#3
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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.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
#4
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That is only one of the effects. The higher tariffs mean lower Chinese sales in the US and thus less dollars to sell. Also, one less major buyer of treasuries means higher interest rates which will, all else held equal, strengthen the dollar. How it all shakes out--who knows?
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It’s beyond exhausting. Regarding the thread, minimize the madness and buy cardboard. I bet this shitshow ends up being good for card values, more of a log flume than a triple loop, no gravity, upside down, roller coaster.
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#6
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The many people, on both sides of the aisle, who choose to continually ignore the “no political posts” rule on Net 54 is beyond exhausting.
Given it is the usual cast of characters, again, both sides of the aisle, who have posted here long enough to clearly know the rule, truly makes me wonder why they can’t abide by it. There aren’t many rules on Net 54, and it’s very easy to follow the few that exist. For most people. |
#7
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James Ingram Successful net54 purchases from/trades with: Tere1071 (twice), Bocabirdman (5 times), 8thEastVB, GoldenAge50s, IronHorse2130, Kris19 (twice), G1911, dacubfan, sflayank, Smanzari, bocca001, eliminator, ejstel, lampertb, rjackson44 (twice), Jason19th, Cmvorce, CobbSpikedMe, Harliduck, donmuth, HercDriver, Huck, theshleps, horzverti, ALBB, lrush |
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"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. Last edited by griffon512; 04-09-2025 at 04:54 PM. |
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