Potentially, but they are definitely using them as a grift:
The Steross Market and Investing Thread
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mugatu
Sheriff
Kinda like bribing them with inside info to keep them on his side.
That is what it looks like to me.
The only thing dumber than investment advice from a lawyer is getting it from a doctor.
This is a chart of Gold over the S&P 500. Blue line is Biden taking office, and the green line is price at that point. You spent several years making less than the S&P and now that trend has clearly changed. I can't tell you what is a better idea for your money, but it would seem that the probabilities of gold outperforming now are higher than has occurred for a few years.
A couple of ways to look at your net worth relative to others.
dqydj.com
www.forbes.com
Net Worth by Age Percentile Calculator – United States
This net worth by age calculator shows American wealth percentiles (to 1%) for all age groups. See top one percent, median, and average wealth by age.
dqydj.com
What Net Worth Puts You in the Top 1%, 5%, or 10%?
See how much net worth you need to join the top 1%, 5%, or 10% of Americans—and what it says about wealth, inflation, and Gen-Z’s financial future.
www.forbes.com
Polds4OSU
Marshall
Get ready for bare shelves in Wal Mart , Target Etc
Asian imports to the U.S. have fallen dramatically as businesses respond to the high tariffs placed on goods from China.
According to a recent report from the maritime research platform Sea-Intelligence, the number of "blank sailings"—scheduled voyages canceled by the carrier—from Asia to the U.S. have risen as a result of President Donald Trump's tariff announcements.
For the period covering April 14 to May 11, the firm found that the number of blank sailings on the transpacific route had risen from the equivalent of about 60,000 containers in late March to 250,000 the week following Trump's "Liberation Day" tariff announcements. In the second week of April, the figure had increased to 367,800.
The escalating trade conflict between Washington and Beijing is beginning to take a wider toll on the U.S. economy, as operators of container ports and air freight companies report significant drops in goods arriving from China, the Financial Times reported on Monday.
Logistics firms have noted a sharp decline in container shipments to the United States following the imposition of 145% tariffs on Chinese imports. The Port of Los Angeles, the country’s primary entry point for Chinese goods, is forecasting a 33% drop in scheduled arrivals for the week starting May 4 compared with the same period a year earlier. Air cargo handlers have similarly observed steep reductions in bookings.
Asian Imports Into US Collapse Amid Trump Tariff Wars
Asian imports to the U.S. have fallen dramatically as businesses respond to the high tariffs placed on goods from China.
According to a recent report from the maritime research platform Sea-Intelligence, the number of "blank sailings"—scheduled voyages canceled by the carrier—from Asia to the U.S. have risen as a result of President Donald Trump's tariff announcements.
For the period covering April 14 to May 11, the firm found that the number of blank sailings on the transpacific route had risen from the equivalent of about 60,000 containers in late March to 250,000 the week following Trump's "Liberation Day" tariff announcements. In the second week of April, the figure had increased to 367,800.
Trump tariffs trigger sharp drop in U.S. port and air-freight demand
The escalating trade conflict between Washington and Beijing is beginning to take a wider toll on the U.S. economy, as operators of container ports and air freight companies report significant drops in goods arriving from China, the Financial Times reported on Monday.
Logistics firms have noted a sharp decline in container shipments to the United States following the imposition of 145% tariffs on Chinese imports. The Port of Los Angeles, the country’s primary entry point for Chinese goods, is forecasting a 33% drop in scheduled arrivals for the week starting May 4 compared with the same period a year earlier. Air cargo handlers have similarly observed steep reductions in bookings.
FreightWaves CEO: There's been a 'collapse' of outbound freight from China into the United States
Video
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Polds4OSU
Marshall
Cargo shipments from China to the US have plummeted by as much as 60% since the US raised tariffs. "Covid-like" shortages near and significant layoffs looming, within 8 weeks, experts warn. Trumpcession
www.cbsnews.com
China exports to U.S. plunge as tariffs hit, leading some experts to warn of product shortages
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
www.cbsnews.com
Polds4OSU
Marshall
Weijia Jiang: "Is the Trump Administration talking to Beijing specifically about tariffs or not?"
Scott Bessent: "They could lose 10 million jobs very quickly."
Jiang: "China is saying you are not talking about it, is that true?"
Bessent: "They have a different form of government, they're playing to a different audience."
www.threads.com
Scott Bessent: "They could lose 10 million jobs very quickly."
Jiang: "China is saying you are not talking about it, is that true?"
Bessent: "They have a different form of government, they're playing to a different audience."
Craig R. Brittain (@brittainforsenate) on Threads
Weijia Jiang: "Is the Trump Administration talking to Beijing specifically about tariffs or not?" Scott Bessent: "They could lose 10 million jobs very quickly." Jiang: "China is saying you are not talking about it, is that true?" Bessent: "They have a different form of government, they're...
www.threads.com
Polds4OSU
Marshall
Fox Host: The new GDP number shows a drop in growth and contraction in the economy, the first we've seen in years. It's a sharp reversal from the 2.4% growth in Q4 of 2024. Q3 was 3.1%. Q2 was 3.4%. Now we're at -0.3%
www.threads.com
FactPost (@factpostnews) on Threads
Fox Host: The new GDP number shows a drop in growth and contraction in the economy, the first we've seen in years. It's a sharp reversal from the 2.4% growth in Q4 of 2024. Q3 was 3.1%. Q2 was 3.4%. Now we're at -0.3%
www.threads.com
Fox Host: The new GDP number shows a drop in growth and contraction in the economy, the first we've seen in years. It's a sharp reversal from the 2.4% growth in Q4 of 2024. Q3 was 3.1%. Q2 was 3.4%. Now we're at -0.3%
FactPost (@factpostnews) on Threads
Fox Host: The new GDP number shows a drop in growth and contraction in the economy, the first we've seen in years. It's a sharp reversal from the 2.4% growth in Q4 of 2024. Q3 was 3.1%. Q2 was 3.4%. Now we're at -0.3%
The economy contracted in Q1 2009 as well.
WHERE WAS YOUR OUTRAGE THEN?????
PJ-OSU
New member
Polds4OSU
Marshall
McDonald’s in Trump’s economy': Chain faces largest sales decline since pandemic
McDonald’s has experienced its largest decline in United States sales since the peak of the COVID-19 pandemic five years ago, largely due to uncertainty stemming from President Donald Trump’s tariffs, the Financial Times reported Thursday.In the quarter ending in March, same-store sales in the U.S. dropped by 3.6 percent compared to the previous year, per a report published in the Financial Times on Thursday. The president's tariffs are said to have negatively impacted consumer confidence.
The report cited the world’s largest burger chain’s earnings report released on Thursday, according to which, this drop was primarily driven by a decrease in customer visits.
mugatu
Sheriff
Don’t Look at Stock Markets. Look at the Ports.
A drop in maritime traffic suggests that the worst is yet to come.
Saw an interview w this guy. Said mid May is when it starts. They’ve seen a 35% decrease in ships. It will first result in laid off port. Then laid off warehouse. Then truckers. This then spills over to local economies.Don’t Look at Stock Markets. Look at the Ports.
A drop in maritime traffic suggests that the worst is yet to come.www.theatlantic.com
Said at a minimum it would take 4 weeks AFTER a deal is reached for goods to resume landing at the port. And 6-8 weeks for gulf coast/east coast ports.
Basically, buckle up.