Utopia Talk - Politics - Trump not even looking at stock market

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Utopia Talk / Politics / Trump not even looking at stock market

murder
Member Thu Mar 06 18:01:05
Trump says he’s not even looking at stock market, tariffs will make U.S. ‘very strong’

President Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy.

When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market, Trump said the decision had “nothing to do with the market. I’m not even looking at the market, because long term the United States will be very strong with what is happening here.”

“This is very much about companies and countries that have ripped off this country, our country, our beloved United States. And they’re not going to be ripping us off any more. So, you know, I think that has an impact on the market,” the president added.

Trump made the remarks in the Oval Office on Thursday at an event for signing executive orders. Trump was later asked again about the market sell-off and blamed “globalists,” a term he had used to describe companies and countries earlier in the event.

“I think it’s globalists that see how rich our country’s going to be and they don’t like it. Big market out there. But again, they’ve been ripping off this country for years. And they’re going to do great — everyone’s going to do great. But we can’t let this continue to happen to America. Otherwise we’re not going to have a country any longer,” the president said.

The comments come as the stock market has struggled in recent days, with the major Wall Street averages heading for a losing week. On Thursday, the Nasdaq Composite closed more than 10% below its recent high, putting the tech-heavy index into correction territory.

Some on Wall Street have hoped that Trump, who was seen as friendly to business during his first term and as a candidate, would consider the stock market as something of an approval rating. This idea is sometimes called the “Trump put,” a play on options terminology that suggests the president would keep the stock market from falling too far.

However, the Trump administration has continued to take an aggressive posture on trade in recent days even when it has seemingly sparked a sell-off in stocks, and Nomura economists said in a note that the reality of Trump’s first term casts doubt on the “Trump put” idea.

Also on Thursday, Commerce Secretary Howard Lutnick said that Trump’s focus was broader than the daily moves of the stock market.

“The president wants American growth and American prosperity, OK? And the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes,” Lutnick said on CNBC Thursday. “The president is focused on rebuilding America, and you are going to see growth in America. ... You’re going to see interest rates drop 1% or more. You’re going to see the stock market explode.”

http://www...n-looking-at-stock-market.html

murder
Member Thu Mar 06 18:01:45

You suckers should have your own meme coins.

-

obaminated
Member Thu Mar 06 18:54:41
He literally told the American people there would be an adjustment phase. We are in the adjustment phase.

kargen
Member Thu Mar 06 19:18:21
His thinking on this is correct. You can't look at short term indicators if you are trying to make long term adjustments.

Rugian
Member Thu Mar 06 19:29:27
^ correct.

jergul
large member Thu Mar 06 21:13:08
It is pretty clear by now that Trump will use tariffs in lieu of introducing a proper sales tax. So, yes, trading partners need to prepare for a repriocial 15% Tariff on everything.

In some cases where demand is inelastic, preparations can include an export tax. Say on energy exports from Canada to the US.

tumbleweed
the wanderer Thu Mar 06 23:39:21
how is maga/fraud/fox/stupid media explaining the rationale for the Canada tariffs?

Dukhat
Member Thu Mar 06 23:57:54
Cuckservatives celebrating a tax on citizens. Including some so-called libertarians.

What a fucking sad group of fucking morons you are.

Average Ameriacn
Member Fri Mar 07 00:33:40
"I think it’s globalists that see how rich our country’s going to be and they don’t like it."

That is the root of our problems and Trump will fix it!

Seb
Member Fri Mar 07 02:30:35
http://www...35-bc4c-4594-898d-71a59e6ed6f2

Seb
Member Fri Mar 07 02:30:35
http://www...35-bc4c-4594-898d-71a59e6ed6f2

Seb
Member Fri Mar 07 02:38:52
Jergul:

That's my thinking also.
If you know the US is going to tarif your exports, why not capture the value with a preemptive export tax if you know the US can't easily find a substitute?

That said apparently trump's economic team have some crazy ideas around getting US trade partners to swap existing US debt for low yield ultra long term debt and devalue the dollar.

This is kinda nuts though. It's predicated on the idea that US security guarantees are linked to going along with what amounts to a debt default. But US security guarantees look absolutely worthless right now, and on top of that if it's all driven by financial interest, then the incentive would be to let the debt holder get invaded (effectively wiping out the debt).

Meanwhile, the market is likely to be flooded with Euro bonds and the European stock market is booming. Not at all clear why the EU nations would want to finance US reindustrialisation rather than their own given the current security needs and naked American treachery.

murder
Member Fri Mar 07 07:31:40

"He literally told the American people there would be an adjustment phase. We are in the adjustment phase."

I'll bet that's the same attitude Trumpers had when Biden was in office.

Forwyn
Member Fri Mar 07 10:27:12
"You can't look at short term indicators if you are trying to make long term adjustments."

No, Seb says you need to give them fifty days, and then tank them and complain about them for years afterward

Rugian
Member Fri Mar 07 11:13:35
^ bahahahahah

Dukhat
Member Fri Mar 07 11:23:41
Forwyn literally made no sense and Rugian egged him on.

You're fucking brain dead in your echo chambers.

Average Ameriacn
Member Fri Mar 07 11:29:46
Buy low? Buy now?
If I sell my Trump coins now and invest in the stock market, will I be able to recoup the losses I made with the coins over the next 24 months?

Forwyn
Member Fri Mar 07 11:29:46
How's your portfolio doing, Cuckhat? Don't get much reception on the mega-yacht these days? I'd say try Starlink, but...

obaminated
Member Fri Mar 07 11:50:10
Hahahaha seriously. Forwyn, you can't talk about your fictional 401k after you bragged about your fictional yacht and your fictional super model wife.

Do you realize how little people take your word on this forum?

obaminated
Member Fri Mar 07 11:51:11
That was aimed at dukhat incase forwyn got confused. Sorry

Forwyn
Member Fri Mar 07 13:30:44
Oh no worries, I've had my fair share of drunken nights on UP, but I don't think I ever claims to be a billionaire...

Forwyn
Member Fri Mar 07 13:30:44
Oh no worries, I've had my fair share of drunken nights on UP, but I don't think I ever claims to be a billionaire...

show deleted posts

murder Member	Thu Mar 06 18:01:05 Trump says he’s not even looking at stock market, tariffs will make U.S. ‘very strong’ President Donald Trump said Thursday that his administration would not consider stock market reaction when hammering out the details of its tariff policy. When asked whether the decision to pause tariffs on many products from Canada and Mexico for one month was due to the stock market, Trump said the decision had “nothing to do with the market. I’m not even looking at the market, because long term the United States will be very strong with what is happening here.” “This is very much about companies and countries that have ripped off this country, our country, our beloved United States. And they’re not going to be ripping us off any more. So, you know, I think that has an impact on the market,” the president added. Trump made the remarks in the Oval Office on Thursday at an event for signing executive orders. Trump was later asked again about the market sell-off and blamed “globalists,” a term he had used to describe companies and countries earlier in the event. “I think it’s globalists that see how rich our country’s going to be and they don’t like it. Big market out there. But again, they’ve been ripping off this country for years. And they’re going to do great — everyone’s going to do great. But we can’t let this continue to happen to America. Otherwise we’re not going to have a country any longer,” the president said. The comments come as the stock market has struggled in recent days, with the major Wall Street averages heading for a losing week. On Thursday, the Nasdaq Composite closed more than 10% below its recent high, putting the tech-heavy index into correction territory. Some on Wall Street have hoped that Trump, who was seen as friendly to business during his first term and as a candidate, would consider the stock market as something of an approval rating. This idea is sometimes called the “Trump put,” a play on options terminology that suggests the president would keep the stock market from falling too far. However, the Trump administration has continued to take an aggressive posture on trade in recent days even when it has seemingly sparked a sell-off in stocks, and Nomura economists said in a note that the reality of Trump’s first term casts doubt on the “Trump put” idea. Also on Thursday, Commerce Secretary Howard Lutnick said that Trump’s focus was broader than the daily moves of the stock market. “The president wants American growth and American prosperity, OK? And the fact that the stock market goes down half a percent or percent, it goes up half a percent or percent, that is not the driving force of our outcomes,” Lutnick said on CNBC Thursday. “The president is focused on rebuilding America, and you are going to see growth in America. ... You’re going to see interest rates drop 1% or more. You’re going to see the stock market explode.” http://www...n-looking-at-stock-market.html
murder Member	Thu Mar 06 18:01:45 You suckers should have your own meme coins. -
obaminated Member	Thu Mar 06 18:54:41 He literally told the American people there would be an adjustment phase. We are in the adjustment phase.
kargen Member	Thu Mar 06 19:18:21 His thinking on this is correct. You can't look at short term indicators if you are trying to make long term adjustments.
Rugian Member	Thu Mar 06 19:29:27 ^ correct.
jergul large member	Thu Mar 06 21:13:08 It is pretty clear by now that Trump will use tariffs in lieu of introducing a proper sales tax. So, yes, trading partners need to prepare for a repriocial 15% Tariff on everything. In some cases where demand is inelastic, preparations can include an export tax. Say on energy exports from Canada to the US.
tumbleweed the wanderer	Thu Mar 06 23:39:21 how is maga/fraud/fox/stupid media explaining the rationale for the Canada tariffs?
Dukhat Member	Thu Mar 06 23:57:54 Cuckservatives celebrating a tax on citizens. Including some so-called libertarians. What a fucking sad group of fucking morons you are.
Average Ameriacn Member	Fri Mar 07 00:33:40 "I think it’s globalists that see how rich our country’s going to be and they don’t like it." That is the root of our problems and Trump will fix it!
Seb Member	Fri Mar 07 02:30:35 http://www...35-bc4c-4594-898d-71a59e6ed6f2
Seb Member	Fri Mar 07 02:30:35 http://www...35-bc4c-4594-898d-71a59e6ed6f2
Seb Member	Fri Mar 07 02:38:52 Jergul: That's my thinking also. If you know the US is going to tarif your exports, why not capture the value with a preemptive export tax if you know the US can't easily find a substitute? That said apparently trump's economic team have some crazy ideas around getting US trade partners to swap existing US debt for low yield ultra long term debt and devalue the dollar. This is kinda nuts though. It's predicated on the idea that US security guarantees are linked to going along with what amounts to a debt default. But US security guarantees look absolutely worthless right now, and on top of that if it's all driven by financial interest, then the incentive would be to let the debt holder get invaded (effectively wiping out the debt). Meanwhile, the market is likely to be flooded with Euro bonds and the European stock market is booming. Not at all clear why the EU nations would want to finance US reindustrialisation rather than their own given the current security needs and naked American treachery.
murder Member	Fri Mar 07 07:31:40 "He literally told the American people there would be an adjustment phase. We are in the adjustment phase." I'll bet that's the same attitude Trumpers had when Biden was in office.
Forwyn Member	Fri Mar 07 10:27:12 "You can't look at short term indicators if you are trying to make long term adjustments." No, Seb says you need to give them fifty days, and then tank them and complain about them for years afterward
Rugian Member	Fri Mar 07 11:13:35 ^ bahahahahah
Dukhat Member	Fri Mar 07 11:23:41 Forwyn literally made no sense and Rugian egged him on. You're fucking brain dead in your echo chambers.
Average Ameriacn Member	Fri Mar 07 11:29:46 Buy low? Buy now? If I sell my Trump coins now and invest in the stock market, will I be able to recoup the losses I made with the coins over the next 24 months?
Forwyn Member	Fri Mar 07 11:29:46 How's your portfolio doing, Cuckhat? Don't get much reception on the mega-yacht these days? I'd say try Starlink, but...
obaminated Member	Fri Mar 07 11:50:10 Hahahaha seriously. Forwyn, you can't talk about your fictional 401k after you bragged about your fictional yacht and your fictional super model wife. Do you realize how little people take your word on this forum?
obaminated Member	Fri Mar 07 11:51:11 That was aimed at dukhat incase forwyn got confused. Sorry
Forwyn Member	Fri Mar 07 13:30:44 Oh no worries, I've had my fair share of drunken nights on UP, but I don't think I ever claims to be a billionaire...
Forwyn Member	Fri Mar 07 13:30:44 Oh no worries, I've had my fair share of drunken nights on UP, but I don't think I ever claims to be a billionaire...
	show deleted posts

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