The Stock Market thread

[bhlloy]

At this point even if the stock market does crash, Trump will just fire anyone involved in reporting that fact and say it went up.

[RainMaker]

Holy shit the dollar is tanking

[RainMaker]

I mean we have all lost 10% of our value since Trump took office but he is really accelerating things now.

[Atocep]

Originally Posted by RainMaker

I mean we have all lost 10% of our value since Trump took office but he is really accelerating things now.

There's so many bad economic indicators hitting all at once. It's almost like someone was intentionally tanking the economy.

[JPhillips]

Lunick says the government is looking at stakes in defense companies.

The beet harvest has never been higher, comrades!

[albionmoonlight]

SCOTUS placed Trump above all law. They only thing it asked in return was that he not mess with the Fed.

I'm surprised it took him as long as it did.

[Edward64]

Nice day for the markets. Crazy that we ended solidly green ... all things considered.

I've said it before so just a reminder, do not bet on any market/stock tips from me (other than eating black-eye peas + greens on Jan 1), I obviously don't understand the markets.

[RainMaker]

Originally Posted by JPhillips

Lunick says the government is looking at stakes in defense companies.

The beet harvest has never been higher, comrades!

This would be a good thing actually.

[Edward64]

Tough day for the markets but still nice month of Aug.

Overall, it's a good thing. I'm for a certain level of tariffs but not how Trump is just winging it. At the very least, the GOP House/Senate should be rubber stamping it.

What happens to Trump’s tariffs now that a federal appeals court has knocked them down?

The U.S. Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth. The ruling largely upheld a May decision by a specialized federal trade court in New York. But the 7-4 appeals court decision tossed out a part of that ruling striking down the tariffs immediately, allowing his administration time to appeal to the U.S. Supreme Court.

On Friday, the federal appeals court wrote in its 7-4 ruling that “it seems unlikely that Congress intended to ... grant the President unlimited authority to impose tariffs.”

A possible alternative route for Trump

Trump does have alternative laws for imposing import taxes, but they would limit the speed and severity with which he could act. For instance, in its decision in May, the trade court noted that Trump retains more limited power to impose tariffs to address trade deficits under another statute, the Trade Act of 1974. But that law restricts tariffs to 15% and to just 150 days on countries with which the United States runs big trade deficits.

SCOTUS will be busy ...

The Supreme Court will begin hearing cases for the term on October 6, 2025. The court's yearly term begins on the first Monday in October and lasts until the first Monday in October the following year. The court generally releases the majority of its decisions by mid-June.

[RainMaker]

About to cut interest rates while the 30 year touches 5%. The 70's are back baby!