Ugh, the connection here sucks. I should just stop trying to load pages or whatever but I might actually fall asleep if I stop reading.
I love that I am completely and totally in a financial position where…I will have to bend over and take whatever happens.
Tell your people to start stock piling aluminum everything instead, since you guys get almost all of it from us— and it’s necessary for building pretty much anything. Over Ten billion dollars taxed 25%? I’m sure that won’t ruin anybody at all, and if they voted for Trump, they were simply asking to be ruined in the first place.
Don't forget lumber. People think the housing supply issues are bad now, wait until all the framework goes up by 25%.
We work with some aluminium here, very little. It's primarily steel and pretty sure we source it locally, no love for Chinesium here. In fact I dare say a Tariff on Chinese goods would benefit us, no more copycat products competing with our homemade stuff. But of course the economy doesn't rest on our shoulders alone, this would hardly offset the pain we'd all feel elsewhere.
China is awesome. Their new version of competing in the global economy of goods and products is the Kirkland version of literally anything, right up to Porsches (get ‘em, Nett). Patents? Fuck your patents dude, I’m Chinese. We put melamine in children’s milk and toothpaste.
It is known in our industry that at trade shows, Chinese exhibitors will hide in a corner until the place shuts down and empties at end of day, so they can spend all night photographing and measuring the products left in the hall overnight. So they can copy them and undercut the original later.
I find Trump's China tarrif funny since the nerdsphere is full of the kind of morons who look towards him, Musk, Rogan, and Tate for guidance or buy into the whole "DEI and woke is killing our games/cartoons/animu/mango" or some other bullshit and the tariffs will most DEFINITELY have a financial impact on that of great severity.
I just found it funny that these tech bros are celebrating Trump's tariffs, and Milei's removal of tariffs, at the exact same time.
Those guys probably have all kinds of shit going on in those markets they'll be fine. It's general consumers and wannabes who get their advice from TikTok that are gonna be ruthlessly fucked.
Sigh. It’s not like home prices, rent prices, and used car prices have skyrocketed, and maybe, just maybe, distilling people’s issues down to egg prices is a little too simplistic and narrow sighted. Kamala’s answer? Hand out more money to first time home buyers (the Covid handouts were a big reason used car prices and home prices went through the roof) and suggested price controls in very narrow situations during emergencies. Missing the forest through the trees as well as superfluously useless. I can’t imagine why Kamala would reemerge in a 30 second clip, was that snipped from a longer call and released by someone sitting in on it? Seemed too random of a clip for her staff to release as her first real appearance since the election. Unless they were as drunk as she appears to be. She should make a public comeback by sitting down for a Joe Rogan interview.
Cash for clunkers is why used car prices skyrocketed. Nick will entertain you as he explains why: Home prices are through the roof for multiple reasons; corporations decided single family homes were a lucrative investment, construction delays causing a dip in supply, people relocating due to the ability to work remotely, and so on... But sure...go with the "superfluous tree" that it's all the Dems & Kamala's fault and you miss the forest yourself.
Cash for clunkers ended in 2009 and used cars prices had stabilized within a few years as the new supply of used cars kept on rolling. The only thing it really jacked up was used car parts for the most popular cars donated during the program because they no longer exist and aren’t being made anymore. There are some long standing issues with the supply of new construction in the housing market but does not completely answer for the huge leap in prices and dislocations we saw post quarter 4 of 2020. This all belies the fact that people had huge expenses in some of the biggest parts of their lives. You guys want to keep ignoring the obvious and flippantly talk down to voters be my guest. I’m sure you’ll win them back that way.
Do you have any details on your claim that stimulus checks caused the used car market spikes? The entire car market went wild - new cars weren't being produced, inventory dropped and basically every car segment spiked by thousands of dollars. $1200 stimulus checks caused $40k new cars to increase by $5-10k?
Yeah, exactly this. Inventory dried the fuck up as cars were not being finalized in production. Major required components were not being produced, so unusable inventory was filling up waiting for the last few pieces to be made to finish them so they could be sold. Just In Time inventory practices in full effect. I bought my truck right before that happened, so got a deal, just had to wait a year for it to be delivered due to those issues. Because I'd already paid for it, I saved myself 30% easily as prices spiked. People looking for new cars were going into dealers and just buying what was there. My sister was one such person. "Yeah, it's not what I wanted, but it's what they had." Supply and demand, along with increasing dealership debt due to sales being way down, and it's no surprise prices went up. Best time to sell a used car ever... I know people that made money on cars they bought 4 years prior.
I paid $2000 for an old chevy truck sometime in 2015. Drove it 70k+ miles, sister-in-law let it roll down a hill into a tree, put a different color hood and fenders on it, and sold it in the spring of this year for $3600. Cash for clunkers certainly didn't raise use car prices more than whatever the pandemic economy did to the market.
I bought a crossover right at the beginning of the pandemic when dealers were getting no traffic at all and leaned on them pretty hard. I drove it for 2 years, put 50k miles on it, then sold it for $4k more than I paid for it.