Art Of The Deal

14 Replies to “Art Of The Deal”

1. Canada take note.

   1. Can’t. The “Elbows Up!” retards are too busy chanting and flapping arms.

   2. I hate to tell Canada this … but … I really don’t like saying this … but … you don’t matter. The US stock market doesn’t care about Canada or elbows, or counter-tariffs or anything. All US stock market indices have gone STRAIGHT UP since the laughable Trump Tariff Tantrum institutional coordinated sell off. STRAIGHT UP!! UP … UP!!!

      Sorry Canada, but you don’t matter. Your resources don’t matter. Your manufacturing doesn’t matter. You’re an afterthought at best.

      But your voters and your “world banker” is still puffing out your chests as if you’re essential in some way? Potemkin Village doesn’t even begin to describe Canadian society. Sorry … but when PDJT floated out that 51st State idea … he was being KIND.

2. Remember one thing. The president has no authority to set tariff rates.

   1. Yeah, he does actually.

   2. Remember another thing … Wall Street’s Trump Tariff Tantrum was REAL. It artificially and purely politically plunged the Dow to 36,612. The Dow is currently at 43,016 … just 2-months later. I warned you all just how FAKE and CONTRIVED the institutional sell-off was as it happened ON THE DAY OF Trump’s Tariff “Liberation Day” … as if the market didn’t know it was coming weeks and months ahead of time.

      I didn’t stutter. I told you all I was BUYING, BUYING, BUYING this mother of all ARTIFICIALLY fabricated buying opportunities. No, I’m not wealthy. I don’t have piles of cash to invest. But I had some … and I put as much as I could to work … buying the massively discounted Market.

      Trump hate … irrational, angry, petulant HATE … is eating people’s livers, while I eat their lunches.

3. Constitution actually grants Congress the power to levy tariffs, but in recent years as a result of certain laws Congress has passed, the president and the executive branch have controlled when and how tariffs are placed on goods entering the United States.
   The Court defined these boundaries regarding tariffs in a landmark decision from 1892, Field v. Clark. Marshall Field & Co. objected to tariffs placed on sugar, molasses, coffee, tea, and hides under the Tariff Act of 1890, which directed the president to place such levies when other nations used tariffs the president “may deem to be reciprocally unequal and unreasonable.” Marshall Field claimed Congress had improperly granted legislative powers to the president.
   In his majority opinion, Justice John Marshall Harlan said the president was acting in his executive role executing a congressional policy. “What the president was required to do was simply in execution of the act of Congress. It was not the making of law. He was the mere agent of the lawmaking department to ascertain and declare the event upon which its expressed will was to take effect.”
   How Congress delegates its tariff powers to the president | Constitution Center
   https://constitutioncenter.org/blog/how-congress-delegates-its-tariff-powers-to-the-president

   1. Your grasp of the facts and knowledge in this matter are greatly appreciated.

   2. But it is up to Congress, not the Courts, to check that.

   3. Section 338 of the Tariff Act of 1930 grants the president the authority to impose new or additional tariffs of up to 50 percent ad valorem on imports from countries that have “discriminated” against US commerce as compared to another foreign nation.

      1. There will be thousands of tax appeals based on Trumps tariffs and we will quickly find out whether they are legal. The tax is on Americans and arbitrary taxation based of a pretend emergency might be something the courts will question.

4. What is that Mexican food product? Oh yeah – TACO!

   1. THAT communist slogan didn’t age well, did it?

5. Re: the CPI numbers: the wholly Leftist Federal Reserve Bank, under the (frankly idiotic) leadership of Jerome Powell has repeatedly claimed it was … waiting … waiting … making NO RATE CHANGES until it sees how Trump’s SHOCKING tariffs play out in the coming months.

   Well … ??

   Why is The FED artificially stifling the markets with interest rates far in excess of every other central bank in the world? They’ve crushed the housing market. Nobody is selling as no one in their right minds will move away from their 2.5% mortgage rate for a 7% rate.