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Joined: Sep 2006
Posts: 10,082 Likes: 261
Legend
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OP
Legend
Joined: Sep 2006
Posts: 10,082 Likes: 261 |
for sure, and they're gonna benefit greatly.
I'm just saying we don't have nearly the amount of mills across the country for these tariffs to really benefit the industry. we don't have a lot of big steel mills left, and it takes at least 2 years to put up one.
now, my response to my own statement would be "well better start building them now", but that's not how the people at the top view it. lol fair. I think renewalable energy is going to get a shot in the arm in the US and Canada is going to cut off their nose in the process. What about anything 47 campaigned on makes you think renewable energy is going to get a shot in the arm? That Tesla commercial he shot in front of the White House yesterday should help EV sales. At least for one brand. maybe, maybe not. But, the stock market has to get itself under control. I feel bad for anyone that was planning on retiring in the next few months.
Blocking those who argue to argue, eliminates the argument.
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Joined: Sep 2006
Posts: 73,755 Likes: 1628
Legend
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Legend
Joined: Sep 2006
Posts: 73,755 Likes: 1628 |
I feel sorry for them too. But we have a situation that goes deeper than just the stock market. 80% of our GDP comes from consumer spending. As I posted yesterday consumer spending and consumer confidence are both down. The threat of all these tariffs may help with consumer spending in the short term I can't say for sure. They may rush out and purchase things to try to beat the tariffs. But that will be a very short term band aid on the problem if trump can't get consumers to believe in the economy.
Things can change on a dime. The stock market fluctuates. I'm certainly not one who is going to predict long term doom and gloom here because that remains to be seen. I just know the tariff rhetoric has to stabilize and the average consumer will have to start spending more money again for this to turn around to any degree. The stock market is only one factor in how the economy is doing and certainly doesn't tell the entire story.
I can't even count all of the companies predicting sales and profit reductions for 2025. From Walmart on down to Target, Kohl's and so on. That's probably the single most concerning issue right now if it comes to pass.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
#gmstrong
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Joined: Sep 2006
Posts: 34,187 Likes: 737
Legend
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Legend
Joined: Sep 2006
Posts: 34,187 Likes: 737 |
Trump is great at bringing other people together against him. Canada and Greenland just elected their ANTIFA governments.
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Joined: Sep 2006
Posts: 73,755 Likes: 1628
Legend
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Legend
Joined: Sep 2006
Posts: 73,755 Likes: 1628 |
Actually the Canadian elections have not yet happened. All that happened is the party Trudeau belongs to replaced him as Prime Minister until the elections are held. The Canadian election will be held on or before October 25th.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
#gmstrong
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Joined: Sep 2006
Posts: 34,187 Likes: 737
Legend
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Legend
Joined: Sep 2006
Posts: 34,187 Likes: 737 |
Thanks, I just heard new PM and assumed.
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