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Oculus Spirit [97743]
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Oculus Spirit [75725]
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Sigh, indexes are up, but the few
Mar 12, 2024, 11:13 AM
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individual stocks I own are down. woomp woomp.
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Oculus Spirit [81078]
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Oculus Spirit [75725]
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Went in thinking you were being your typical crotchety
Mar 12, 2024, 11:21 AM
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self about the place needing renovated, but nope. I'm a bit surprised a house in Mt. P got to that point.
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Heisman Winner [137981]
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You know, if Trump were President, there wouldn't be any inflation.
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Mar 12, 2024, 11:20 AM
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I don't even need facts to back that up.
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All-In [31907]
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Yep, no way the 60% tariff on China he's threatening now would...
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Mar 12, 2024, 11:38 AM
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cause prices to go up
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Oculus Spirit [79429]
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Incentivizing companies to move production out of China would be a net benefit
Mar 12, 2024, 11:44 AM
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though. Even re-shoring to Mexico or Brazil would be a step in the right direction.
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Heisman Winner [135993]
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and yet we can't get quality product made here now
Mar 12, 2024, 12:22 PM
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imagine increasing demand for skilled labor 7 fold
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Oculus Spirit [79429]
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Sure we can, a lot of the poor quality you see now is due to Chinese products
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Mar 12, 2024, 12:29 PM
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Take an American built Borg Warner turbo, for instance. It most likely uses Chinese made bearings.
Granted, we do need to shift away from the "everybody go to college" mindset and start pushing people toward skilled labor. I think the market will and has naturally started to steer more people toward that though, it doesn't make sense to go 6 figures into debt for a History degree when you can be starting out making $30 an hour in HVAC, manufacturing, etc. with the opportunity to move up. Employers also need to value experience over degrees, which I think we're beginning to see change.
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All-In [31907]
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Oculus Spirit [75725]
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Not just steel. 25% on nearly everything from China.
Mar 12, 2024, 2:05 PM
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There are some truly convoluted exemptions to this for very specific things. This doesn't bring factor in the ADD/CVD duties on stuff. I don't think many of these actions have done anything but get passed down to american consumers.
Maybe we need some complicated system where the end user gets the break for buying American made stuff.
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CU Medallion [56105]
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The core CPI rose 0.4% on the month.
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Mar 12, 2024, 11:41 AM
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"Expect next month (February numbers) to be even higher than .4%. Might even reach a full percentage point. My guess would be .8%ish, but could be higher. And it will be mysterious. Roughly 8 weeks out from maybe 2 weeks ago will see the highest inflation period. February and March numbers will both be MUCH higher than expected. Then it will level out and taper down through May and June's numbers."
I was wondering how that would age.
https://www.tigernet.com/clemson-forum/message/roughly-8-weeks-out-from-maybe-2-weeks-ago-34436690#34436690
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