chat we are so cooked - ThreadSky | a Reddit-style client for Bluesky

josephpolitano.bsky.social • 9 days ago

chat we are so cooked

Over the weekend, the @wsj.com reported that the Administration was considering a 20% broad tariff for its April 2 announcement.

A 20% tariff would...

• if combined with this year's other tariffs, raise the effective US tariff rate to 33%, the highest since 1872.
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Comments

hikoukihikouki9.bsky.social•9 days ago

I love how our stupid chud zero sum right wing heard “Wall Street isn’t Main Street” and thought “if I hurt Wall Street Main Street will surely thrive”

ghostofglass.bsky.social•9 days ago

I think there needs to be a recognition of a vital truth. that Zero sum thinking, malthusianism, conspiracy theories, and populism may have longstanding leftist variants and proponents.

However, unless someone is marginalized, educated, or both - it will probably push them to right wing populism

ghostofglass.bsky.social•9 days ago

It encompasses the ideologies that come easiest to our brain’s factory settings.

romancaturday.bsky.social•9 days ago

April fools 🫠?

damonmast.bsky.social•9 days ago

Glad I sold a lot of shares and went to cash and stable, relatively high-dividend investments until we see what happens in 2, 4, 8, or god help us, in 12 years. 😬😳

mvb.kirinok.osaka•9 days ago

Cash is never a good investment. Never do anything to your investments ever, but if you're going to do something at least do bonds and TIPS.

surfingthepast.bsky.social•9 days ago

TIPS will be useless once they start rigging inflation data. Go to gold. 17% return YTD.

seanmcdhorror.bsky.social•9 days ago

Good. At this point I’m doomed enough to be an accelerationist. Our best hope is him fucking the economy up so badly that there’s a massive revolt before he can fuck up our democracy anymore than he has.

redragon95.bsky.social•9 days ago

20% flat across the board or 20% on top of existing tariffs?
Like 45% on autos for example?

josephpolitano.bsky.social•9 days ago

They would stack 😭

redragon95.bsky.social•9 days ago

Wow.

ynot1989.bsky.social•9 days ago

So glad I bought a new car last year.

zachfive.bsky.social•9 days ago

Will there be a support group?

discosaurus.bsky.social•9 days ago

As a major manufacturing CEO, I've already reshored all my production to prepare for tarrifs. Billions to move the plan but we're ready. Hopefully this tarrif policy stays for another 15 years to hit our ROI

pmanville.bsky.social•9 days ago

Paging Dr Greenthumb, say what?

saneenglish.bsky.social•9 days ago

I believe the tariffs are all about extortion. Trump's got the whole business world in a panic and begging for mercy. Mercy will be doled out selectively for a good price.

admiral-monke.bsky.social•9 days ago

And to be able to give exemptions to those loyal to him.

urusobu.bsky.social•9 days ago

Pretty much. The marker can stay irrational longer than you can stay solvent. Applies less and less the greater your line of credit. History says markets recover. The strain to the last statement has only been this geeat pre WW1, to my knowledge.

didsabdad.bsky.social•9 days ago

As a Canadian who is tired of and disappointed in this 💩 for brains administration, I am excited to watch the American economy go swirling down the drain in the hopes his MAGA cult followers wake the f**k up and realize your country is cooked

matus3000.bsky.social•9 days ago

Do they include retaliatory tarrifs from Asia and Eu? Like I expect EU to go for the eyes.

queenamericana.bsky.social•9 days ago

1872???? we are cooked

dallasmarcella.bsky.social•9 days ago

Does China get %40 or is this for everyone else? (Reciprocal)

georgiajess.bsky.social•9 days ago

My husband is a truck driver and we live in a major port city. He works for a Chinese company and we’re fully expecting to be unemployed by the end of the month.

l3nto.bsky.social•9 days ago

drsinbin.bsky.social•9 days ago

We all know the tarrif otaku has been pushing for 25% all month and they're trying to talk him down from there - doesn't sound like it's going well

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