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04-04-2025, 08:49 AM
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#9201 | | I *heart* Revscene.net very Muchie
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Originally Posted by JDMDreams  I wonder how long he will last till he gets Luigi  | We need to free Luigi, feed him a few power ups and let him go.
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Current: 2019 Acura RDX
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04-04-2025, 09:05 AM
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#9202 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
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Economy can tank in the first 3 yrs of his presidency (blames the Dems and that he has to fix it, short term pain, blah blah blah) and then in the 4th year, he'll give all his buddies inside info first to buy buy buy, he'll lift all tariffs and then it looks like the market is hot and rising ... he sets himself up (heaven forbid) or Rep for another term. Dumbasses will be fooled.
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04-04-2025, 09:05 AM
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#9203 | | I subscribe to the Fight Club ONLY
Join Date: Aug 2007 Location: Paradise, BC
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It isn't just the middle class bearing the bulk of the burden though, is it? The wide-ranging tariffs applies pretty much to everything, so it affects everybody in society regardless of their social or economic class. It's just that the wealthy people and the big corps have the money and resources to weather the storm a lot better.
The middle class consumes too, but they don't have the resources to absorb the financial blow as if the tariff isn't there. So they get hit the hardest.
The poor gets fxxked bcos percentage-wise, their spending power take the biggest hit, and they can't not spend money on the essentials -- eg. food, shelter, etc. And they end up consuming less, which means they are getting deprived even more than they did before. Quote:
Originally Posted by pastarocket However, he chooses not to use a corporate tax on American corporations that outsource manufacturing because he doesn't want to anger his rich Republican support base.
The additional cost of thousands of dollars, about an extra $3000 US per year for each American family according to CNN, is put on the middle class instead of the rich.
When you think about it, Cheeto's tariffs protect his rich voter base and raise the cost of living on the middle class in the U.S. and other countries. | Personally, I don't blame the big corps for moving manufacturing overseas to reap record profits. Maximizing profits is what businesses are supposed to do. And in the process of moving manufacturing capabilities overseas, they have helped to keep inflation at a very low level for the past 30+ years, which in turn allowed American consumers to consume more. (And in economics, you generally associate consumption with happiness.) Shifting the low profit manufacturing sector overseas also frees up the US labour forces to allow them to pursue higher profit sectors, and there is a tremendous amount of merit in that.
What is lacking is -- bcos corporations are given the opportunity to reap all these economic benefits, they should also bear the social responsibility to contribute a larger share of their profits back into society. Of course, it is naive to expect them to do so willingly.
Extreme wealth disparity is never a good thing, but it is exactly what we are having now.
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Originally Posted by westopher The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid. | | |
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04-04-2025, 09:24 AM
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#9204 | | RS.net, where our google ads make absolutely no sense!
Join Date: Jul 2004 Location: vancouver
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Originally Posted by supafamous I manage my family's money so my wife doesn't really know the markets much and I had this convo with my wife yesterday:  | Yeah, I'm getting slaughtered on the market these 2 days, but who isn't! 
Dilemma is whether to pull out now take the loss. Or ride it out with further dips and hope for the best that it recovers.
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04-04-2025, 10:04 AM
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#9205 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
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Bar stool co founder and trump supporter Dave Portnoy almost crying because he is down 7 mill in the market because of trumps tariffs. Guys like this thought they where really smart the last 4 years. https://www.reddit.com/r/LeopardsAte...endorser_dave/
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04-04-2025, 10:09 AM
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#9206 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2014 Location: Van
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Don't be a noob, double down buy the dip Quote:
Originally Posted by xxxrsxxx Yeah, I'm getting slaughtered on the market these 2 days, but who isn't!
Dilemma is whether to pull out now take the loss. Or ride it out with further dips and hope for the best that it recovers. | | |
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04-04-2025, 10:30 AM
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#9207 | | I *heart* Revscene.net very Muchie
Join Date: Mar 2011 Location: Vancouver
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| Quote:
Originally Posted by JDMDreams Don't be a noob, double down buy the dip | 
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04-04-2025, 10:44 AM
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#9208 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2014 Location: Van
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That's why dca, but yea he fucked around and found out. I don't know how to get more people to hate you and put a target on your head by causing them to lose a few trillion dollars
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04-04-2025, 10:50 AM
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#9209 | | RS has made me the bitter person i am today!
Join Date: Dec 2009 Location: Burnaby
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Tesla stock down 10% today 
Guess that all hands on deck call didn't workout.
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Originally Posted by MG1 In Mike we Trust | | |
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04-04-2025, 10:52 AM
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#9210 | | I *heart* Revscene.net very Muchie
Join Date: Mar 2011 Location: Vancouver
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Originally Posted by xxxrsxxx Yeah, I'm getting slaughtered on the market these 2 days, but who isn't!
Dilemma is whether to pull out now take the loss. Or ride it out with further dips and hope for the best that it recovers. | I'm pretty sure that ship has sailed (though 100% tariffs could happen!). Diamond hands from this point on. I did some rebalancing in Dec/Jan and did a quick one a few weeks back (I got out of Costco just before earnings - made a very tidy profit, bought a lot of bonds/cash) but from this point on it's ride or die (Maybe I'll buy more dollar store stock - my Dollarama bet is paying off nicely and unemployment is gonna head up)
Don't say the Onion didn't warn us: https://theonion.com/trump-says-rece...to-depression/ Quote: |
WASHINGTON—Warning that Americans should brace themselves for an economic “period of transition,” President Donald Trump told reporters Monday that a recession would be an unfortunate but necessary step on the way to all-out depression. “Look, what we’re doing is very big and will cause some pain, but that pain is necessary to cause total economic collapse,” Trump said during a press conference, adding that while his decision to implement billions of dollars in tariffs on foreign imports and fire 20,000 federal workers could cause a temporary disturbance, Americans would ultimately emerge much, much worse for it. “Things might be bad for a little while, but we’re okay with that, because we know that in the end these policies will drive markets into a deadly tailspin and push the economy to a point of no return. Trust me. Some hardship now will only make your bank accounts more empty in the long run. If everything goes right, none of you will be able to afford food, housing, or retirement ever again.” At press time, many of Trump’s most vocal defenders stressed that they trusted the president to usher in the greatest depression the nation had ever seen.
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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04-04-2025, 10:54 AM
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#9211 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2014 Location: Van
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Surprisingly crypto is up  | |
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04-04-2025, 11:30 AM
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#9212 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
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Sell naked calls 
Disclosure, I'm down $150k in 2 days...  15 years of doing this, I've never seen AAPL tank 10% in a day.
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04-04-2025, 01:17 PM
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#9213 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 16,442
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Originally Posted by JDMDreams Surprisingly crypto is up | As is GME, up 11% 
Too bad I only have 1 share left. [2021 me] Cause, why the fuck not?
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04-04-2025, 01:30 PM
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#9214 | | Willing to sell body for a few minutes on RS
Join Date: Oct 2016 Location: Ricemond
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I’m still very happy with my locked in gics at 4% hahahaha. I’m glad we exited the market before this retard spiralled it into a recession
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Geriatric Motoring Crub Member #444 | |
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04-04-2025, 01:39 PM
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#9215 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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Originally Posted by Badhobz I知 still very happy with my locked in gics at 4% hahahaha. I知 glad we exited the market before this retard spiralled it into a recession | 
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Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | 
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04-04-2025, 01:43 PM
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#9216 | | I have named my kids VIC and VLS
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My managed investment have done very well compared to the market only down a few points
My personally managed ones I’ve lost like 20% in a 2 month period, pretty sweet
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Dank memes cant melt steel beams
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04-04-2025, 03:38 PM
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#9217 | | I *heart* Revscene.net very Muchie
Join Date: Mar 2011 Location: Vancouver
Posts: 3,570
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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04-05-2025, 08:14 AM
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#9218 | | RS has made me the bitter person i am today!
Join Date: Mar 2006 Location: Vancouver
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| https://www.usatoday.com/story/news/...y/82708910007/
Protest movement "bubbling up"
I wonder how big this would become, and at what point does Trump start clamping down on this.
Being a HKer myself, I have seen the power of protests but I personally believe a critical mass is needed and that it needs to show at close to 10% of the population. I don't know if USA has what it takes to trump up a 30 million strong protest across the country
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04-05-2025, 08:37 AM
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#9219 | | The sound of inevitability
Join Date: Apr 2004 Location: Lindenhurst
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Originally Posted by CivicBlues As is GME, up 11%
Too bad I only have 1 share left. [2021 me] Cause, why the fuck not? | Stop buying stupid shit and listen to me!
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mixed girls that look predominatly asian with subtle caucasian features=what i'd give my left nut for
-6chr0nic4 | |
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04-05-2025, 09:08 AM
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#9220 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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Originally Posted by Badhobz I知 still very happy with my locked in gics at 4% hahahaha. I知 glad we exited the market before this retard spiralled it into a recession | Well.... ideally you would have grabbed the 20% gain after election time and THEN locked it away.
So there!!!  | |
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04-05-2025, 05:09 PM
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#9221 | | Willing to sell body for a few minutes on RS
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Nah I’m very very conservative with investments and my money. If I even detect a hint of global instability I run for the hills and pull out into gics.
We might end up buying 3-4 flats in Melbourne and rent them out airbnb. These guys are making a killing renting it out to tourists and students. Plus I’m legally able to buy it (inflating their stupid housing market even more)
500-600k for a 2 bedroom in downtown CBD would yield 280 a night. Or monthly at 3k a month aud. That’s pretty solid !
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Geriatric Motoring Crub Member #444 | |
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04-05-2025, 07:36 PM
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#9222 | | OMGWTFBBQ is a common word I say everyday
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^^ what about in cheaper tourist places like Thailand, Japan? Wonder if the ROI will be higher.
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04-05-2025, 08:20 PM
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#9223 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
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Go buy one in Thailand with two living units, and I'll manage it for ya  | |
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04-05-2025, 09:33 PM
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#9224 | | RS has made me the bitter person i am today!
Join Date: Apr 2013 Location: revscene
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Originally Posted by Badhobz We might end up buying 3-4 flats in Melbourne and rent them out airbnb. These guys are making a killing renting it out to tourists and students. Plus I知 legally able to buy it (inflating their stupid housing market even more)
500-600k for a 2 bedroom in downtown CBD would yield 280 a night. Or monthly at 3k a month aud. That痴 pretty solid ! | Out of curiosity and having always wanted to go visit Australia/NZ (plane tickets are too expensive for my preference lol), I looked up the taxation laws around this. Looks pretty similar to Canada, flipping houses = captial gains, business taxation is shockingly 30%, 25% for SMEs.
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04-05-2025, 10:07 PM
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#9225 | | Fathered more RS members than anybody else. Who's your daddy?
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I rely on RS for news.............. where are the Trump protest videos?
hee hee 
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