Posted on 03/10/2025 7:38:05 PM PDT by RandFan
@RandPaul
The stock market is comprised of millions of people who are simultaneously trading. The market indexes are a distillation of sentiment. When the markets tumble like this in response to tariffs, it pays to listen.
(Excerpt) Read more at x.com ...
If you jumped in after New Year’s and didn’t get out in time, yeah, you’re a little screwed if you need the money now. If you’ve held since this time last year, you should still be up about 40%. Over the last 15 years, I’ve averaged 24% per year. 19% per year doubles your money every 4.
Libertarians live in a global8st fantasyland.
Trump recently posted a message referencing another Kentuckian, not named Rand or Mitch.
Trump:
Thank you to the House Freedom Caucus for just delivering a big blow to the Radical Left Democrats and their desire to raise Taxes and SHUT OUR COUNTRY DOWN! They hate America and all it stands for. That’s why they allowed MILLIONS of Criminals to invade our Nation. Sometimes it takes great courage to do the right thing. Congressman Thomas Massie, of beautiful Kentucky, is an automatic “NO” vote on just about everything, despite the fact that he has always voted for Continuing Resolutions in the past. HE SHOULD BE PRIMARIED, and I will lead the charge against him. He’s just another GRANDSTANDER, who’s too much trouble, and not worth the fight. He reminds me of Liz Chaney before her historic, record breaking fall (loss!). The people of Kentucky won’t stand for it, just watch. DO I HAVE ANY TAKERS??? Anyway, thank you again to the House Freedom Caucus for your very important vote. We need to buy some time in order to MAKE AMERICA GREAT AGAIN, GREATER THAN EVER BEFORE. Unite and Win!!!
Maybe we’ll wait a day or two to see if Rand gets a message.
And President Trump has a message for Rand:
Shut-up, sit-down and watch how he fixes the problem!!
Libertarians are really globalists for less government domesticly. Rand would have have the US continue to be taken advantage of.
Lol
Massie might run for Senate
The dude has been solid in a lot of things for a lot of years, though. People wanting to throw him under the bus or off the cliff over this one position are going to have a hard time finding anyone who meets all their purity tests.
The stock market is different things to different participants.
It not much more than a parking lot for BIG money.
If it is BIG money which is now moving the market, then eventually it will have to be parked somewhere else.
Where is that going to be?
As bad as the economy was under the illegitimate Biden regime, there weren’t really many better places to put money than the US.
Inflated stock market. Like everything else
Consumers and suppliers always bear the costs of taxes or tariffs.
The Consumers will be American citizens no matter the style of tax.
The only question is:
Which Suppliers will be harmed by a tax?
In the case of a tariff, the supplier is a foreigner.
Better to tax and harm the foreign supplier than the American supplier.
Simple.
And EVERYONE else does it against us. Trump is merely in the process of returning the favor.
Yeah I lost 3k today.
I dont want this to end until Canada caves or goes bankrupt.
We don’t have free trade, what we have had is other Nations taking advantage of us. President Trump is saying, “ no, we just won’t take it, and be uncle sucker”, and many Nations have a sissy fit, TOO BAD.
Agreed. When I voted for Trump I promised support for four full years, knowing full well the first year or so would be a bumpy ride if we go the tariff route.
But what choice was there? We have to try something else because the status quo of the past four years was completely untenable and would lead to sheer poverty for all in the long-run.
> Rand has a message for Trump... <
And Rand is wrong. I have great respect for the guy. But he’s wrong here. The country has been on the wrong track for quite some time now. So a change of course is required.
Every change will involve some temporary pain. Dental surgery to fix a tooth. Hiring a moving company when changing jobs. Whatever.
I’m actually surprised (and disappointed) that Rand does not see this.
The current trade/tariff regime with Canada is the one that Trump negotiated 5 years ago to replace NAFTA. If it is a bad deal, whose fault is it? Do you think we don’t have tariffs on Canadian imports?
This like picking a fight with your little brother when there is a gang of murderers in your house killing your parents and kidnapping your sister. Wrong fight at the wrong time.
Bah. Yeah, I’m getting totally punched in the face financially this past month, and I probably have Trump’s tariffs to thank. I don’t care. Market goes up. Market goes down. And very likely, it’ll go up again.
I’ve always been ambivalent in these free trade arguments. I see Rand Paul’s argument: ie, taxes, any kind of taxes are bad. Let’s have some wide open, free capitalism. On the other hand, maybe Ross Perot was right. We don’t make anything in this country anymore. The middle class has been wiped out, but, hey, at least the stock market keeps going up, if you’re lucky enough to be in the market.
Anyway, Trump’s doing exactly what he said he was going to do in the campaign. I love me some Rand Paul, but he’s wrong here. He should back the President. This is what we voted for, let’s give a try before we call it a failure one month into the term. It’ll pay off. Give it time.
Do you think we don’t have tariffs on Canadian imports?
***************
Those are often the result of U.S. trade remedy laws to counteract the fact that many of Canada’s key industries benefit from government subsidies, especially fossil fuels, agriculture, and manufacturing.
Where was Paul when the market started climbing beyond the capacity to fit the economy causing inflation that had to be corrected with nothing more than working with higher numbers? Without the over inflated market we can no longer exist economically.
The Dow Jones Industrial Average (DJIA) closed at 618.02 in 1960, which was a 9.34% decrease from the previous year.
According to available data, a loaf of bread in 1960 cost around 23 cents.
The Dow posted its all-time high in December 2024, peaking at over 45,000 points.
In 2024, the average price of white pan bread in the United States was $1.91 per pound.
How did we get by? See the trend? And that trend means higher prices in everything consistent with the market increase. The price of bread went up over 8 times the cost from 1960. The market went up more than 72 times the amount of 1960. Like I said, over inflated because everything went up beyond more and more people’s income.
So is higher better. Not now it isn’t as the inflation has out run the capacity to contain itself. So it is in a recession. How far will it go can not be known at this time. But the cost to get everything is remaining the same. And the lower level of the middle class will slip down making greater poverty than before until deflation catches up.
And when products and services can no longer be obtained due to inflation, we are back at 1929. The only change, the greed and power of people and money and the ability to get away with it. And that’s where Trump is trying to get it under control and working for the people rather than the money makers over inflationary costs. It will take a lot longer than 4 years as it took 60, and longer, to get to this point.
wy69
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