Trump is not good for the U.S. economy.

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Power Crux

Social climber
rehydrating
Aug 14, 2018 - 08:54am PT


He's not some wuss concerned about russians.

McHale's Navy

Trad climber
From Panorama City, CA
Aug 14, 2018 - 09:24am PT
I'd like to see a version of that where they say it while working out on their Total Gyms. Now that might be funny. We are in the 5:00 shadow phase of impending socialism.
Gary

Social climber
Desolation Basin, Calif.
Aug 14, 2018 - 09:34am PT
WTF is up with Chuck's haircut?
Jody

climber
Occupied Territory
Aug 14, 2018 - 09:41am PT
Fritz, you call THAT a revolver? :)

Toker Villain

Big Wall climber
Toquerville, Utah
Aug 14, 2018 - 09:43am PT
Says the video is not available.

Let me guess; your .45-70?



Fritz that was a great book.
McHale's Navy

Trad climber
From Panorama City, CA
Aug 14, 2018 - 10:27am PT
Tip of the iceberg? https://www.bit-tech.net/news/tech/cases/caselabs-shuts-its-doors-enters-liquidation/1/

For years we heard the USA is shifting to a 'service economy' So then, how can you fight a manufacturing giant like China with tarrifs?
Jody

climber
Occupied Territory
Aug 14, 2018 - 10:35am PT
Toker, it should work now. I switched it to "unlisted" from private.
Jon Beck

Trad climber
Oceanside
Aug 14, 2018 - 10:46am PT

Donald Trump announced that if Caselabs did not stay in business then consumers should boycott them. just kidding, my derangement is flaring up.
divad

Trad climber
wmass
Aug 14, 2018 - 11:10am PT
He really doesn't hire the best people.

He really doesn't have the best words.

These truisms come not from "the fake news" but from himself...

everyday.
Gary

Social climber
Desolation Basin, Calif.
Aug 14, 2018 - 11:12am PT
"BlacKKKlansman"

Saw it last Friday. Really good movie, very entertaining. And deadly serious.
Dingus Milktoast

Trad climber
Minister of Moderation, Fatcrackistan
Aug 14, 2018 - 11:18am PT
For years we heard the USA is shifting to a 'service economy' So then, how can you fight a manufacturing giant like China with tarrifs?

I don't understand the relationship between your service economy statement and the question you ask. Care to explain?

On a separate note: as a business owner, adjusting to disruptions in supply chain are in part what separates the winners from the losers. Consider Walmart and Sears: in the 90s, thanks in part to favorable treatment by the U.S. government under the Clinton admin, Walmart began pushing their supply chain off-shore, particularly to China. This push led to significant reductions in their cost of goods sold and fueled an expansion to global prominence that crushed competitors both large and small. In a very real sense Walmart was one of the founders of the off shoring of American mfg to China. Of course not the only ones doing it at the time, but nevertheless.

Sears could not adjust to these changing supply chains and were stuck in a model written 50-some years prior. They had higher costs all around and eventually were swallowed by their own debt, leading to an endless series of cannibalization of their own assets. Sad but true.

Walmart will get it's own however, just as Sears did, and perhaps sooner rather than later. Now it is Amazon leading the supply chain changes and the Walmarts of the world struggle to keep up. This is business, this is competition. Liken it to war, when it comes to supply chains.

For them or against them, it doesn't matter - tariffs are supply chain disruptions. Virtually overnight, companies overly reliant on thick, inflexible supply chains can find their costs have risen 25%. What business can survive that sort of massive disruption and still prosper?

Well that depends, and a lot of it depends on the competition. On the surface, no business can "absorb" those cost increases. Margins are tight and there is no wiggle room, they have to raise prices, immediately. They have to maintain their margins.

If all of their competitors are in the same boat, well then, they all raise prices. We the consumers bear the brunt of it as inflationary pressure.

However, if some companies are more nimble than others, or have constructed and maintained alternative supply chains, either through more trade-favorable countries or though domestic production, suddenly those companies, heretofore crushed by the low-cost models of the Walmarts of the world, have an incredible opportunity knocking at their doorsteps.

In the world of business competition, there will be plenty of losers unable to adapt to supply chain disruption. And in their wake, literally, will be the more nimble survivors and startups able to capitalize on those disruptions.

So of course there will be lots of companies going tits up. And of course consumer prices will rise commensurately with the rise on the cost of goods sold. That's the intended purpose of imposing tariffs.

Companies should be quick to adjust, rather than taking wait and see approaches. They should seize on the competitive business advantage. Political opinion notwithstanding, when supply chains are disrupted, the winners adjust and the losers typically, die.

DMT
Lituya

Mountain climber
Aug 14, 2018 - 11:22am PT
I'm good with guns, per my various posts on the subject.

It's damn-hard to make a revolver shoot if you don't have a finger on the trigger.

It's not being aimed, it's right next to your open ear, and your finger is resting on a 3.5 pound single-action trigger. I assume it's not loaded, but still poor form. Sorry, Fritz, but it just is. FWIW, I'm a certified RSO at my local club.
Jon Beck

Trad climber
Oceanside
Aug 14, 2018 - 12:01pm PT
but still poor form. Sorry, Fritz, but it just is.

you gotta keep your finger pressed on the trigger at all times if you want to slay the boogie man that is lurking around every corner.
Dingus Milktoast

Trad climber
Minister of Moderation, Fatcrackistan
Aug 14, 2018 - 12:09pm PT
Mi hermano, in his backyard


Lol. A danger to himself and others. Mostly others, though...

DMT
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Aug 14, 2018 - 12:35pm PT
Lituya! Per your mention:
It's not being aimed, it's right next to your open ear, and your finger is resting on a 3.5 pound single-action trigger. I assume it's not loaded, but still poor form. Sorry, Fritz, but it just is. FWIW, I'm a certified RSO at my local club.

I was simply trying for a fun selfie, based on this 1800's photo of patriotic Judge Winchell somewhere in the Sierras.

Credit: Fritz

Since I suffer significant high-frequency hearing loss as a result of way too much shooting without ear protection from ages 6 to 40, I now don't shoot pistols without ear protection.

So-----I did not pull the trigger. I was having fun. I like to have fun. You should try fun, it's fun.




Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Aug 14, 2018 - 12:37pm PT
The "somewhat conservative" publication Business Insider has this information & more on the ugly reality of Trump's tariffs.


President Donald Trump's tariffs are unlikely to help achieve one of the president's biggest trade goals, according to a new study by the New York Federal Reserve.

Trump has repeatedly cited the US's trade deficit as a reason for starting the trade war and has pushed for the reduction of the trade deficit in various negotiations.

But a new report from the New York Federal Reserve's Liberty Street Economics blog shows that Trump is unlikely to get the targeted reduction using his favorite trade tool: tariffs.

According to the New York Fed economists, while the new duties on goods coming into the US will lead to a decrease in the amount of imports as Trump intends the value of exports sent out of the US will also come down.

"In this post, we argue that US exports will also fall, not only because of other countries' retaliatory tariffs on US exports, but also because the costs for US firms producing goods for export will rise and make US exports less competitive on the world market," the New York Fed said. "The end result is likely to be lower imports and lower exports, with little or no improvement in the trade deficit."

https://www.businessinsider.com/trump-trade-war-unlikely-to-reduce-trade-deficit-export-import-fall-2018-8?yptr=yahoo




Jody

climber
Occupied Territory
Aug 14, 2018 - 12:38pm PT
You gotta keep your finger pressed on the trigger at all times if you want to slay the boogie man that is lurking around every corner

Dumb statement by someone completely ignorant about guns.
monolith

climber
state of being
Aug 14, 2018 - 12:50pm PT
^^Dumb statement from someone who can't recognize metaphors and sarcasm.^^
divad

Trad climber
wmass
Aug 14, 2018 - 12:56pm PT
beat to the counterpunch by monolith...
wilbeer

Mountain climber
Terence Wilson greeneck alleghenys,ny,
Aug 14, 2018 - 01:03pm PT
LOL.

I thought this was about the economy.

So glad to learn that if my business crumbles in a year because of tariffs ,it will be my fault for not adjusting to the new pricing of a commodity. HS.


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