april 2 'liberation day' predictions;

[The Boz]

i fully expect to make another 50k shorting NQ tonight this is incredible, this country is cooooooooked

No, no you won’t.

But if you did you would surely appreciate what Trump did and show PROOF to Druff, right?

[sonatine]

BoA's website crashing is a perfect theme song for this

[sonatine]

limit down seems totally possible

Embedded Tweet

https://twitter.com/dailychartbook/status/1907538610821136712

[Gordman]

The boon Tine is gasping like his hero George Floyd seeing the after market numbers.

You should have your water tested for lead.

[sonatine]

The boon Tine is gasping like his hero George Floyd seeing the after market numbers.

You should have your water tested for lead.

lmfao i have him on ignore so i didnt see this. imagine someone this dumb rooting for the department of education being defunded. the dollar is cooked.

[sonatine]

[sonatine]

ive never in my life seen a 6 point spread on nq

[sonatine]

i fully expect to make another 50k shorting NQ tonight this is incredible, this country is cooooooooked

tempting to stay up and trade the hk & london opens

[RichardBrodiesCombover.]

Russia and North Korea are exempt from the tariffs lol

[zealanddonk]

Russia and North Korea are exempt from the tariffs lol

North Korea almost definitely is under embargo, and Russia isnt a trading partner it seems [possibly embargo].

[Pablo]

U.S. total goods trade with Russia were an estimated $3.5 billion in 2024. U.S. goods exports to Russia in 2024 were $526.1 million, down 12.3 percent ($73.5 million) from 2023. U.S. goods imports from Russia totaled $3.0 billion in 2024, down 34.2 percent ($1.6 billion) from 2023. The U.S. goods trade deficit with Russia was $2.5 billion in 2024, a 37.5 percent decrease ($1.5 billion) over 2023.

[BetCheckBet]

Will this affect the Nintendo switch 2 pricing?

[RichardBrodiesCombover.]

A group of Senate Republicans delivered a rare rebuke to President Donald Trump on Wednesday, helping to pass a resolution to block his tariffs on Canadian products as he escalated his broader trade war.

https://www.yahoo.com/news/senate-re...205814536.html

Trump isn't going to like this

[Sloppy Joe]

Lol Team Retard

[Daly]

The long term goal here is to have a balanced annual budget, with Social Security and Medicare relatively untouched, with some form of tax cut on income for middle class/upper middle class. Everything else is means to an ends.

To get to something resembling a balanced budget a few things needed to happen.

On the "revenue" side (I hate that term for government collections). We collected ~5T in taxes, 3.6 Income tax and 1.4 in social/medicare. The other $1.8T was borrowed.

The new Tariffs will be interesting to see what comes in. Its been speculated that 500B to 750B will come in as a new revenue line. The only way it wouldn't is if there was a massive reduction in consumption or a migration of manufacturing back onshore which would cause a different type of economic boom.

Right wrong or indifferent Tarrifs should cut the deficit down to 1T.

Now why is it that DOGE kept saying "save a trillion.... save a trillion". That is quite literaly what they are trying to do, cut a Trillion of annual spending.

Cutting and restructuring Government is going to save Billions. Shutting off US AID and a lot of other bullshit spending will save Billions more. Cutting the government workforce back to 2022 levels will save Hundred Billion. Offer one time severance and do what we need to do.

But with all of this its still not the Trillion we need to close the gap. We aren't cutting Social Security. We arent cutting Military spending. The VA is a sacred cow of sorts and isnt "that big" to beginwith.

That leaves one more line item that can be gamed or changed. Net Interest Expense.

4 years ago we were spending ~400B to service the debit. Last year as part of the $6.8T $1.2T was debt servicing. Obviously the amount of the debit is higher but so is the interest rate because of the inflation issues and we had to raise rates. We effectively need to refinance the debt. We dont want to pay $1.2T a year. We want to pay 500B a year. The only way to do that is for the interest rate to drop. Only way that happens without inflation kicking in is to take the economy/demand down a few clicks. In the next 2 years some 10T will need to be rolled over. If we can do that at 2% vs 4% our interest expense save will be massive.

And if we need to cool the economy why not add tarrifs to beef up"revenues - or - create new investment in the USA to help defer the pain? From this perspective its genius.

+.5-.75 T in Tarrifs
- .3-.4 T in saves from government restructure
-.6T savings in Interest payments

= A Balanced Budget

If the USA gets back to having a balanced Budget in 3-4 years the S&P will triple from here.

[Jayjami]

The long term goal here is to have a balanced annual budget, with Social Security and Medicare relatively untouched, with some form of tax cut on income for middle class/upper middle class. Everything else is means to an ends.

To get to something resembling a balanced budget a few things needed to happen.

On the "revenue" side (I hate that term for government collections). We collected ~5T in taxes, 3.6 Income tax and 1.4 in social/medicare. The other $1.8T was borrowed.

The new Tariffs will be interesting to see what comes in. Its been speculated that 500B to 750B will come in as a new revenue line. The only way it wouldn't is if there was a massive reduction in consumption or a migration of manufacturing back onshore which would cause a different type of economic boom.

Right wrong or indifferent Tarrifs should cut the deficit down to 1T.

Now why is it that DOGE kept saying "save a trillion.... save a trillion". That is quite literaly what they are trying to do, cut a Trillion of annual spending.

Cutting and restructuring Government is going to save Billions. Shutting off US AID and a lot of other bullshit spending will save Billions more. Cutting the government workforce back to 2022 levels will save Hundred Billion. Offer one time severance and do what we need to do.

But with all of this its still not the Trillion we need to close the gap. We aren't cutting Social Security. We arent cutting Military spending. The VA is a sacred cow of sorts and isnt "that big" to beginwith.

That leaves one more line item that can be gamed or changed. Net Interest Expense.

4 years ago we were spending ~400B to service the debit. Last year as part of the $6.8T $1.2T was debt servicing. Obviously the amount of the debit is higher but so is the interest rate because of the inflation issues and we had to raise rates. We effectively need to refinance the debt. We dont want to pay $1.2T a year. We want to pay 500B a year. The only way to do that is for the interest rate to drop. Only way that happens without inflation kicking in is to take the economy/demand down a few clicks. In the next 2 years some 10T will need to be rolled over. If we can do that at 2% vs 4% our interest expense save will be massive.

And if we need to cool the economy why not add tarrifs to beef up"revenues - or - create new investment in the USA to help defer the pain? From this perspective its genius.

+.5-.75 T in Tarrifs
- .3-.4 T in saves from government restructure
-.6T savings in Interest payments

= A Balanced Budget

If the USA gets back to having a balanced Budget in 3-4 years the S&P will triple from here.

Respect what you have to say about balancing the budget, but without cutting military spending, it’s not even remotely feasible. Americans are addicted to government money. When the monkey starts biting on their backs (especially in Team Retard states), the shit is going to hit the fan. Wait until this summer and there’s a total shit show in the national Parks and Forests. If you want to really piss people off, fuck with their vacations. Just as Druff.

[Daly]

As crazy as it sounds we can afford a 800B a year Military bill (so long as we fix the interest expense). 800B on a 5.8T budget aint that bad.

And if all else fails as a result of our relationship change with the rest of the world we may need the worlds best military. We wont use it to invade Greenland. Trump will ride a tank down the middle of the Champs elysees if the EU wants to change the world reserve currency.

[sonatine]

[sonatine]

Embedded Tweet

https://twitter.com/spectatorindex/status/1907623295673053349

[sonatine]

pfa's resident MAGA economists on their way to one of their 14 jobs: