patrick.net

I think I now understand the 1/2 value in the left column of that table Donnie held up: when the cunts saw the wild numbers even they got a hint of suspicion that something is fucked there, but instead of going back and re-checking the fucking numbers they decided to cut the results in half and insert "because we're nice" BS. I guess they simply didn't have time for sanity check due to deadline coming up fast and no balls to pull the cord.

https://patrick.net/comment?comment_id=2164957

You don't understand because you don't want to or you are deliberately trolling.

That has been proven by how you refuse to do so on other issues here on PatNet. It's an established pattern.

So stop pretending to be all intellectual about this. You are only trolling.

DeportLibtards says

You don't understand because you don't want to.

That has been proven by how you refuse to do so on other issues here on PatNet.

If you can't coherently explain the concept you think you understand, you really don't understand.

Not a verbatim quote, but accuratly reflect the famous saying by R.Feinman.

So stick to "memes" - that is your lane here.

RWSGFY says

If you can't coherently explain the concept you think you understand, you really don't understand.

Nice try. Not wasting my time after I ripped you to shreds about your crappy non-understanding about European VAT/tariffs calculations.

RWSGFY says

Not a verbatim quote, but accuratly reflect the famous saying by R.Feinman.

Again: More intellectual pretensions you have to instigate more trolling.

Not falling for it anymore.

Ackman calling out FM/SC:

https://x.com/BillAckman/status/1909215779305992338

Eric Holder says

Ackman calling out FM/SC:

https://x.com/BillAckman/status/1909215779305992338

Because they are being applied to trade balances, not tariff balances. And we all know this clown would be screaming about the global economy if it turned out to be only 1/10th as much, instead.

Just more globalist bullshit.

FUCK the global economy!

DeportLibtards says

FUCK the global economy!

Agreed I don't care if Trump and advisors are doing it on purpose or making a mistake. I don't care. I don't buy anything anymore. I can get all the food I want domestically, cars domestically, etc. So a few things disappear from the shelves. Oh well. All I buy now is food, water and beer. All made and produced here since I buy from local farmers and greenhouses. Plus we grow our own stuff. Oil and gas is abundant.

Fact is we have a bunch of rich ass holes pissed off and having a hissy fit. We'll get the 70% of people that even hold a share of anything real good and sell off. We don't care and yes I have stocks and 401k's. They're gonna buy back near what they predict the bottom is. I think this is a really short term correction or reaction. Like talking the end of this week it's back up.

The United States is blessed with abundant resources - the only thing we don't have is slaves that work for free like China.

We don't need the rest of the world; the rest of the world needs us. The U.S. rose to the occasion in the aftermath of the horrors of WWII. Europe and Asia are 10 cent whores trying to wheedle every last cent from the middle class of this country.

Enough is enough.

Administration's error confirmed by the author of the formula:



https://x.com/albertocavallo/status/1907974351967633570

Open and shut.

RWSGFY says

Administration's error confirmed by the author of the formula:

It's based on the trade deficit.

Excellent, Trade deficits = budget deficits. Every single time. Happened in the mid-late 19th when Britain pursued it's retarded Free Trade policy, too. They had to end it.

Ricardo NEVER used examples of manufactured goods in his comparative advantage arguments. Only shit like wool.

WookieMan says

Fact is we have a bunch of rich ass holes pissed off and having a hissy fit. We'll get the 70% of people that even hold a share of anything real good and sell off. We don't care and yes I have stocks and 401k's. They're gonna buy back near what they predict the bottom is. I think this is a really short term correction or reaction. Like talking the end of this week it's back up.

The stock market is back up today. Vix way down. Let Wall Street be bipolar, they'll get over it.

AmericanKulak says

RWSGFY says

Administration's error confirmed by the author of the formula:

It's based on the trade deficit.

Excellent,

What is excellent here? They set out to do one thing, made stupid unforced mistake, overshoot the intended result by 4x, found themselves in completely different area vs where they wanted to be and then, unable to admit it and revert to initially intended numbers, proclamed that it was intentional? Fucking excellence all around.

And I ask this question again, why not negotiate quietly, without forcing the likes of Xi to take a stand, without crashing our own markets, thus weakening our own position ? Who the fuck negotiates live on Tee Vee?

Eric Holder says

And I ask this question again, why not negotiate quietly, without forcing the likes of Xi to take a stand, without crashing our own markets, thus weakening our own position ? Who the fuck negotiates live on Tee Vee?

I agree. There is too much fanfare and public grandstanding. They should be playing coy like playing poker.

For foreign affairs like this, it's not even remotely good to engage in a Vince Offer infomercial routine or carnival barker act.

But this has always been Trump's modus operandi learned from Roy Cohn (and as documented in the movie The Apprentice).

I even remember Trump's very public antics promoting the USFL and trying to hire Don Shula to coach his USFL team in 1983.

Going that far back to 1983 Trump was on center stage as far as business world.

I remember as a kid in South Florida seeing this get played out and all worried about Don Shula leaving the Dolphins.

Shula of course handled this with class and grace, and decided to stay with the Dolphins.

AD says

Eric Holder says
And I ask this question again, why not negotiate quietly, without forcing the likes of Xi to take a stand, without crashing our own markets, thus weakening our own position ? Who the fuck negotiates live on Tee Vee?

I agree. There is too much fanfare and public grandstanding. They should be playing coy like playing poker.

He ran on tariffs as a part of his plan. He won the popular vote. He doesn't have to worry about 2028. Not sure what is so surprising here. If other countries didn't see this coming, they frankly are run by idiots.

So we don't get cheap shit from Temu or Amazon that Americans didn't make? What's the big deal? Cars last longer and there are still cars made in America. All this hoopla about tariffs is rich people having a pity party because their stocks are down and they're getting margin calls.

Job numbers were up as well. Just because rich people freak out doesn't mean we're doomed.

Looking at the trees (they got the formula wrong!!!) not seeing the forest.

TDS.

Now the wall street idiots are tanking bonds - the hissy fit continues.

At least gold is back up above $3K

Job numbers is a lagging indicator.

stfu says

Looking at the trees (they got the formula wrong!!!) not seeing the forest.

TDS.

Getting shit off by 4x is objectively idiotic. What's the point of using a formula in the first place if you are not interested in its output and will be happy with basically any random number?

TAKS

Think about it: your say your opening position in negotiation is based on a formula and thus the size of your ask is necessary and science-based.Then it comes out that you made a mistake and your ask is inflated and the other side even knows by how much (4x). Talk about strong position, lol. They now KNOW the ask is absolutely frivoluos and not even intentionally. So they won't negotiate in good faith until you at least climb down to the intended output of the formula.

I think it's Slutnick who turned the whole thing into covfefe it became (and benefited from it bigly). The idea of reciprocal tariffs (in the normal sense of the word) was in that "2025" document and was authored by Navarro. Somewhere along the way the fucking "formula" popped up and was chosen from several alternative plans. Out of three nominants it was Slutnick who pushed and defended that shit in public the most and, knowing that his firm is heavily leveraged into bonds, he was the one to benefit from the market crash bigly. That explains his shit-eating green when he was on Tee-Vee saying the shit is final and there will be no negotiations or reversals FUCKING EVER.

And now he's nowhere to be seen and Bessent is the one doing all the 'splaining on Tee-Vee and of course it's nowhere near extremist BS spouted by Slutnick even before the climb-down happened. And, btw, the climb-down happened immediately after Donnie had a long walk with Bessent.

Bessent is still on the hook for not squashing the stupid formula with stupid values plugged in, but out of the three musketeers he is the least moronic moron while Slutnick is definitely the biggest self-serving fucking stupid moron cunt. Novarro is somewhere in the middle (albeit the fucking "anagram economist" he invented and cited as a real source is pure fucking comedy gold and he should be laughed out of DC for it and never taken seriously on anything).

Government economic "math". lol

Concepts can be correct, but the formulae are always designed to prop up some pre-desired outcome. Every time it's voodoo. It's like climate science.

Politicians, bankers, and marketers posing as economists are the ones responsible for $36+ trillion in debt. If they've got you arguing about details like multiplier values, then you've been distracted by the magician's shiny coin.

The fact that Trump can whipsaw world markets just goes to show how stupid/incompetent/compromised most world leaders and financial oligarchs are.

"They" are all so psycho, narcissistic, and greedy beyond belief that they think they can bully central banks around the world, as well as other world leaders under the guise of globalism. All Trump has to do is say no, and they throw hissy fits. Then Trump bitch slaps the chicoms with 125% tariffs - brilliant! Keep doubling down you commie fucks and see where it gets you. The ghosts of industrial America and the tens of millions of lost jobs damn your Asian grifting asses.

Fuck them - none of them are prepared for a bare knuckle brawl, the likes of which we haven't seen since Truman and Molotov back in the 1940's.

psychoh says

The Initial Heavy Hand gets great press and REACTIONS from every other nation, while subsequent tweaks to policy mostly benefit the USA. Trump is genius, and clearly listens to input from his cabinet to craft and manage policy. I have to believe he briefs them on his decisions after taking input, rolls out the strategy with his team, and tweaks as events unfold.

Listening is a key skill: Trumo listened to his son, Barron, about going on the Joe Rogan Show, and that helped him win the election in a big way. Note how no other democrats have EVER gone on Rogan's show: in long-format podcasts, he would tear apart their illogical positions and hoaxes.

Confirmed by Grok:
In the last four years, from April 2021 to April 2025, no highly prominent Democratic Party members have appeared on The Joe Rogan Experience.
Previously, Bernie Sanders was a guest in 2019 and Andrew Yang in 2020, both during the Democratic primaries, but no comparable figures have been featured recently. Kamala Harris negotiated an appearance in 2024 but it didn’t happen due to scheduling and internal campaign pushback. Rogan’s guest list has leaned toward conservative or non-political figures lately, with fewer Democratic voices.

China is not buying American oil but it's buying Canadian oil

China is not buying American soybeans but buying Brazilian soybeans

China is not buying American Boeings but buying France's Airbuses

China is not buying American beef but buying Australian

China has decided basically not to buy anything from America and, aside from semiconductors, can easily replace American made products

America on the other hand had to exempt iPhones & computers from tariffs to still get

America can't buy antibiotics and rare earth anywhere else

Things are not going to go the way Trump wants. Bessent, Navarro, Lutnick should be fired. Can there be a more arrogant yet unsophisticated triumvirate in American economic history?

https://x.com/shaunrein/status/1912656511702290623

RWSGFY says

China is not buying American oil but it's buying Canadian oil

Really? And just how are they shipping it when they don't have enough oil terminal infrastructure to do so? Their oil exports have mainly gone to the US via pipeline because Canadian federalism allows provinces to block interprovincial projects of that nature more easily. And British Columbia has been a real prick about it.

MolotovCocktail says

RWSGFY says
China is not buying American oil but it's buying Canadian oil

Really? And just how are they shipping it when they don't have enough oil terminal infrastructure to do so?

I'd ask do we even need to sell China oil or anything for that matter? I know currencies are manipulated, but Chinese make $5k USD a year on average. They're not buying US products outside of necessity, which they give no shits about their average citizen.

When they just steal our IP and make phones the government completely controls, they can do it massively cheap.

And I got in argument about rare earth materials last night. Let people mine here and we'll get what we need/want. People are so uninformed. The guy doesn't even vote, is black (doesn't matter to me) and it shows you how uneducated people are about money and goods.

China might not last another 2-3 years. I think it's going to happen fast. A complete collapse. He kept talking about BRICS. I'm was being a prick to be honest, but I just told him he has no clue what he's talking. Global warming, the dollar and other debates all should be gone. People just make shit up and eat it up.

Gave the guy a fist bump at the end, but if he shows up again I'm out. I've said mistaken things, but this was full out retardation. I didn't talk for an hour and just had a shit eating grin on my face. He asked me what was so funny... you brother. His truck was also leaking massive amount of fluids. I'm not telling him. FYI it was obviously ghetto and he rode out blasting bass.

I can be wrong on things here or in person, but I'm not an intentional bull shitter. That was this guy.

WookieMan says

I'd ask do we even need to sell China oil or anything for that matter? I know currencies are manipulated, but Chinese make $5k USD a year on average. They're not buying US products outside of necessity, which they give no shits about their average citizen.

https://financology.net/2025/04/15/remaking-world-trade/

When the US runs a “trade deficit”, that means it’s consuming more than it produces. It sends dollars overseas in exchange for things like vacations, big screen TVs and boats. But those dollars don’t just pile up in the seller’s coffers. They spend them on US assets like stocks, bonds and real estate. Economists call this a “capital account surplus”. Consumer goods flow in, capital flows out.

What happens if you wake up one morning, realize you’ve gotten yourself into an unsustainable situation, and slam on the brakes? It’s going to end either way … the only choice is whether deliberately or catastrophically.

What happens is something a lot like the opposite of how you got into it. From the point of view of a casual observer, you will appear less prosperous. The first thing that happens is the price of your assets falls. Why? All those dollars you were sending overseas, coming back to buy your assets, drove up their prices. Your stocks and bonds became very richly priced. Reducing the dollars flowing out to buy goods means fewer dollars coming back in to buy assets. But as before superficial appearances are misleading. Your balance sheet stops shrinking and you’ve stopped growing poorer.

The initial cost falls heavily on the sellers of assets. Who sells stocks and bonds to overseas buyers? Wall Street. And it’s a very lucrative business. So any attempt to stop the bleeding is going to raise howls of protest from Wall Street. Domestic sellers of goods may gain, but at the expense of domestic sellers of assets. And if the media primarily present the voices of asset sellers, the media are going to vehemently oppose it.

Trade deficits have become a very big, very lucrative business, and it doesn’t like to be disrupted. Don’t expect the beneficiaries of trade deficits to be objective about their impact on “the economy”. It’s their economy they’re worried about.

Overall, lower bond prices mean higher interest rates … lower returns for today’s sellers but higher returns for today’s buyers. Lower stock prices mean the same for sellers and buyers of stocks. And it means more affordable housing, as US asset prices retreat from bubble levels.

stereotomy says

And if the media primarily present the voices of asset sellers, the media are going to vehemently oppose it.

Trade deficits have become a very big, very lucrative business, and it doesn’t like to be disrupted. Don’t expect the beneficiaries of trade deficits to be objective about their impact on “the economy”. It’s their economy they’re worried about.

Trump needs to focus on this, as well as expose the Democrats and their mainstream media partners when they resist his plan to raise taxes on the top 5%.

It's about Wall Street (or asset sellers) versus Main Street.

And I look at the stock market from 1995 to 2000 before free trade starting to take full effect.

So even some reduction in the trade deficit is not going to significantly reduce stock gains.

I like how Newsom and California are trying to stop Trump's tariffs in their federal court case. So has California consumers already suffered from the tariffs in regards to the price of goods ?

or is it about the stock market as California state government needs QQQ and S&P 500 to average +13% annual return on investment if it is to stay in the black and financially solvent (as well as the housing market will not tank especially in the San Fran Bay Area) ?

.