Discussion about the meme market and the latest news on meme stonks.
7h ago Wallstreet Bets
I'm genuinely trying to drill into the aim and repercussions of this thing, divorced from ideological positions.
Same. I've honestly tried to look at Trump's actions to try to find even a kernel of good faith effort to bring back American jobs and help America's working classes as Trump is selling them and MAGA fans are buying them. However, it always seems to come down to,
They're fucking stupid, whichever way you slice it...
I also have the same pattern failure difficulty getting MAGA fans to engage questions in good faith. They always revert to You just hate that Trump is trying to bring efficiency to government and jobs back to USA, Leftists this, Biden that, Trump Derangement Syndrome the other, You just hate America... This goes back to trying to engage Republicans over the first Gulf War. SO many people are supporting it all uncritically on emotion and partisanized fantasy, and fly off the handle with emotive ad hominem if you come at them with anything other than Unconditional Positive Regard for the President's actions and policies.
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14h ago Wallstreet Bets
The tragicomic mask of a self-appointed circus ringmaster of turbo-capitalism may be as pathetic as the European chihuahua rage boosting their “revenge” via Rearmament – with funds that they plan to steal from the savings accounts of unsuspecting citizens.
this is new to me
Yet TTT is above all a trade war on Asia. “Reciprocal” tariffs – not exactly reciprocal – were imposed on .... earthquake-hit Myanmar (44%)
that is playing on emotions
Focusing on the Falkland Islands. Maybe it is a funny example but if you leave a loophole then someone will use it.
Except this, it really is worrying that the moves look erratic and not prepared.

14h ago Wallstreet Bets
Don't forget to tell your boss and coworker to "respect the tag" any time they criticize you, since you're now an endorsed contributor

14h ago Wallstreet Bets
@Stigma For something like this to have a chance of working, the tariffs need to be enshrined in law by Congress so those who make business investment decisions can factor them into risk-return calculations in determing where to build production facilities. Since these were just announced by the President and could be undone in a few years by the next President, the prudent move would be to hold off on investments and have lobbyists work on exemptions/getting them repealed. I'm skeptical that significant production will move to the U.S. because of these tariffs. It's absurd Europe has tariffs still on U.S. goods, but seems like there are other ways we could apply pressure to get them removed. More of a focused approach targeting especially bad actors like China would have been better. And an advanced economy like the U.S. doesn't need to make everything (e.g., shirts, shoes, other basic products unrelated to national security).
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16h ago Wallstreet Bets
One of the wealthiest Americans was cashing the stock, can't remember his name. I was wondering how will that work a s a marker.
Not gonna lie. I'm down on the stock pretty solid.

16h ago Wallstreet Bets
@Stigma need to finish getting ready for work, so I'll look that up later
I recall one was a large computer chip company out of Taiwan. Can't think of the name.

16h ago Wallstreet Bets
@Typo-MAGAshiv I saw initial reports that JCB were "moving their production to the US" but upon further inspection they are increasing the size of a factory already under construction. So I guess it's not for nothing.
What were the others, out of interest?

16h ago Wallstreet Bets
@Stigma there have been a few different large manufacturers who have declared intentions to build large plants in the US instead of overseas

16h ago Wallstreet Bets
So far, it looks like it will, despite all the naysayers.
What have you seen to give you that impression? I'm unable to phrase that question so it doesn't at first appear combative, but I'm genuinely trying to drill into the aim and repercussions of this thing, divorced from ideological positions.
