Tariffs

[jakee 1,561]

billvon

Ironically that article also answers the question you asked - "And don't even get me started on why they dye it red. When has it ever been red?"

Yep, because of dishonest americans making fake cheese. Kinda what I was implying in the first place

Do you want to have an ideagasm?

[jakee 1,561]

gowlerk

Quote

You Canucks do some decent stuff though, you can keep going.

I like my cheddar sharp. But yes, even here it is orange coloured for some strange reason.

Really? You must be exporting the good stuff and keeping the rubbish then!

You can get some very nice Canadian stuff over here that is the same colour as cheese, instead of being the same colour as Trump leaving the spray tan booth.

Do you want to have an ideagasm?

[jcd11235 0]

billvon

And the market reacts.
==========================
This 501-day trading streak for the Dow just came to a screeching halt

Published: June 25, 2018 4:42 p.m. ET
Market Watch

An uncanny streak for the Dow Jones Industrial Average, which had underlined its bullish momentum, ended on Monday, signaling that a bearish turn may be at hand.

If I was POTUS, and had access to large amounts of undisclosed (to the public) cash or credit, as well as no moral compass, why wouldn't I threaten tariffs or otherwise scare investors out of the market? Once the market is down, I could buy low, back down from the tariffs, and make a tidy profit as the market rebounded.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[SkyDekker 1,465]

Trump's speech didn't age so well:

"So thank you, Harley-Davidson, for building things in America. And I think you’re going to even expand — I know your business is now doing very well and there’s a lot of spirit right now in the country that you weren’t having so much in the last number of months that you have right now. You see what’s happening."

https://www.whitehouse.gov/briefings-statements/remarks-president-trump-meeting-harley-davidson-executives-union-representatives/

[jcd11235 0]

jakee

***The red stuff is the wax packaging!

Back to school with you

In the US, cheddar is frequently cut into blocks, packaged in red wax, and sold. Or it was in the not too distant past, anyway.

I knew yellow cheddar was artificially colored. I didn't realize it was done with red. The color, or its absence, doesn't bother me. Cheddar is one of very few (maybe the only one) cheeses I can eat by itself.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[jcd11235 0]

SkyDekker

Trump's speech didn't age so well:

"So thank you, Harley-Davidson, for building things in America. And I think you’re going to even expand — I know your business is now doing very well and there’s a lot of spirit right now in the country that you weren’t having so much in the last number of months that you have right now. You see what’s happening."

https://www.whitehouse.gov/briefings-statements/remarks-president-trump-meeting-harley-davidson-executives-union-representatives/

Do you think it's a coincidence that the big stale Cheetoh singled out Harley-Davidson?

Quote

The study notes that Likes that are the "best predictors of high intelligence include 'Thunderstorms,' The Colbert Report, 'Science" and 'Curly Fries.' Low intelligence was indicated by liking (Facebook pages for) 'Sephora,' 'I Love Being A Mom,' 'Harley Davidson' and 'Lady Antebellum.'" Researchers gave no further explanation of these findings.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[ryoder 1,590]

I discovered from a page on HD's website, that they already had mfgring in India, Brazil, Thailand, and Australia.

A year-old article at NYTimes explains it:

Despite Harley-Davidson’s all-American reputation, the Thai plant will not be its first abroad — or even in Asia. The company opened a similar plant in Bawal, India, in 2011 to help it get around that country’s 100 percent tariff on imported motorcycles. It also assembles motorcycles at a plant in Brazil and has a wheel factory in Australia. The Thailand plant will assemble motorcycles for Asia that were previously imported from India or the United States.

Harley-Davidson’s made-in-Thailand motorcycles will avoid the country’s up to 60 percent tariff on imported motorcycles. They would also get a huge break on tariffs when exported to Thailand’s neighbors, thanks to a trade deal among the 10 members of the Association of Southeast Asian Nations, or Asean.

Source: https://www.nytimes.com/2017/05/23/business/harley-davidson-thailand-factory-manufacturing.html

So HD already has experience in overseas factories to avoid tariffs.

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[jakee 1,561]

Quote

In the US, cheddar is frequently cut into blocks, packaged in red wax, and sold. Or it was in the not too distant past, anyway.

Yeah, that happens everywhere. Funnily enough though I can tell the difference between the colour of the cheese and the colour of the package

Do you want to have an ideagasm?

[billvon 3,067]

>Real question is how long 'til Trump is tweeting about how slow, unreliable and "sad!"
>Harleys are these days.

You called it. He's even threatening them with political revenge.

“If they move, watch, it will be the beginning of the end - they surrendered, they quit! The Aura will be gone and they will be taxed like never before!”

That's how you keep Harley-Davidson in the US - threaten them with massive taxes!

[SkyDekker 1,465]

billvon

>Real question is how long 'til Trump is tweeting about how slow, unreliable and "sad!"
>Harleys are these days.

You called it. He's even threatening them with political revenge.

“If they move, watch, it will be the beginning of the end - they surrendered, they quit! The Aura will be gone and they will be taxed like never before!”

That's how you keep Harley-Davidson in the US - threaten them with massive taxes!

Of course what he is suggesting is unconstitutional, but I wouldn't expect the President of the United States to know the constitution, or care about it.

[ryoder 1,590]

billvon

>Real question is how long 'til Trump is tweeting about how slow, unreliable and "sad!"
>Harleys are these days.

You called it. He's even threatening them with political revenge.

“If they move, watch, it will be the beginning of the end - they surrendered, they quit! The Aura will be gone and they will be taxed like never before!”

That's how you keep Harley-Davidson in the US - threaten them with massive taxes!

He just doesn't understand the concept of a business goal being to make a profit.
After all, being profitable was not a part of the businesses he ran.

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[gowlerk 2,249]

Quote

After all, being profitable was not a part of the businesses he ran.

They generally were profitable for him. At the expense of his partners and suppliers.

Always remember the brave children who died defending your right to bear arms. Freedom is not free.

[ryoder 1,590]

gowlerk

Quote

After all, being profitable was not a part of the businesses he ran.

They generally were profitable for him. At the expense of his partners and suppliers.

Yes, from what I've read of his "business model", it was:
1. Borrow as much money as possible from investors and banks.
2. Pull financial shenanigans to sweep his personal debt into the company, and sweep company money into his personal accounts.
3. Declare bankruptcy, and walk away leaving investors and banks holding the bag.

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[Bob_Church 7]

ryoder

***

Quote

After all, being profitable was not a part of the businesses he ran.

They generally were profitable for him. At the expense of his partners and suppliers.

Yes, from what I've read of his "business model", it was:
1. Borrow as much money as possible from investors and banks.
2. Pull financial shenanigans to sweep his personal debt into the company, and sweep company money into his personal accounts.
3. Declare bankruptcy, and walk away leaving investors and banks holding the bag.

The amazing thing is that the people he hurt the most, the working class person, are arguably the ones who got screwed the worst. (I realize that the term arguably is pretty much redundant on this forum, but) He boasted about using local contractors, which he did, but he never said anything about actually paying them. He declared bankruptcy in ways that left him wth a bag of money and left them with a very cold Christmas.

[kallend 2,106]

Bob_Church

******

Quote

After all, being profitable was not a part of the businesses he ran.

They generally were profitable for him. At the expense of his partners and suppliers.

Yes, from what I've read of his "business model", it was:
1. Borrow as much money as possible from investors and banks.
2. Pull financial shenanigans to sweep his personal debt into the company, and sweep company money into his personal accounts.
3. Declare bankruptcy, and walk away leaving investors and banks holding the bag.

The amazing thing is that the people he hurt the most, the working class person, are arguably the ones who got screwed the worst. (I realize that the term arguably is pretty much redundant on this forum, but) He boasted about using local contractors, which he did, but he never said anything about actually paying them. He declared bankruptcy in ways that left him wth a bag of money and left them with a very cold Christmas.

He "loves the poorly educated", and they love him. They don't even realize they are being screwed big-time.

...

The only sure way to survive a canopy collision is not to have one.

[Phil1111 1,149]

HD is expanding Asian production because the US dicked around so much in failing to sign the TPP agreement. EU production would not be necessary if they were in the same trade agreement. That Canada just made (last year) to have a free trade agreement with the EU.

Many other companies are going through the exact same decision making because of these tariffs. At a minimum there will be retained earnings and a hold-back on Capex. Why invest when there is uncertainty on return?

[tkhayes 348]

http://www.foxnews.com/politics/2017/07/26/trump-announces-10-billion-foxconn-plant-in-wisconsin.html

Foxconn gets $3-4B in tax breaks in exchange for building a plant here, as yet an undetermined number of jobs, but given FoxConn's history, probably embellished.

Harley Davidson gets admonished for reacting to an increase in the production costs due to Trump policy. What if Harley Davidson got a tax break to keep the production in the USA?

[Phil1111 1,149]

tkhayes

http://www.foxnews.com/politics/2017/07/26/trump-announces-10-billion-foxconn-plant-in-wisconsin.html

Foxconn gets $3-4B in tax breaks in exchange for building a plant here, as yet an undetermined number of jobs, but given FoxConn's history, probably embellished.

Harley Davidson gets admonished for reacting to an increase in the production costs due to Trump policy. What if Harley Davidson got a tax break to keep the production in the USA?

mmmm As usual Fox has forgotten to include some "news".

"The wisdom of Wisconsin offering $3B in subsidies to persuade Foxconn to build a display factory in Racine County is being further questioned today.

It’s been revealed that taxpayers are now coughing up an additional billion dollars in sweeteners not long after it was reported that Foxconn may not be investing the full $10B it promised …

Critics had already complained that the tax subsidies would cost at least $231k per job created by the plant, before Foxconn’s reported plan to scale back the facility to focus on smaller displays.

The incentives offered by Wisconsin and its municipalities to Taiwan’s Foxconn Technology Group since it announced a $10 billion megaplant in the state have gone up by nearly $1 billion […]

In an effort to land the plant, municipalities months later added their own sweeteners. The town and the county where the facility will be built, Mount Pleasant and Racine County—south of Milwaukee—offered a $764 million incentive package. And Wisconsin added another $134 million to the tab to improve state highways and local roads in the area around the Foxconn site.

The state is on the hook for 40% of the public bonds that finance the local expenses if the project flops.
https://9to5mac.com/2018/06/27/foxconn-wisconsin-subsidies/

[Bob_Church 7]

I'm not referring specifically to these deals but what I've always wondered is who decides when it's an economic booster or it's corporate welfare?

[billvon 3,067]

>Real question is how long 'til Trump is tweeting about how slow, unreliable and "sad!" Harleys are these days.

More along those lines. Tweet today:

"Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move - sales are down 7% in 2017."

Yep.

[Bob_Church 7]

I used to jump at Jackson County Airport near Ravenswood Wv. We were right next to the Kaiser Aluminum plant and that wasn't a coincidence. Kaiser built the airport and pretty much the entire area. Then it closed down because it couldn't compete with cheap imports.
It's impossible to describe the misery this has caused. No jobs at the plant, no jobs providing services to those employees. Another region of West Virginia became a scene of misery and no hope.
We need aluminum? Then open the plant again. And yes, I know, it'll make that bike cost a little more, but is it really worth making things a little cheaper, and making the 1% that much richer, while destroying our own communities?

[jakee 1,561]

billvon

"Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move - sales are down 7% in 2017."

So... Trump thinks Harley customers have pre-cognition?

Do you want to have an ideagasm?

[SkyDekker 1,465]

jakee

***"Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move - sales are down 7% in 2017."

So... Trump thinks Harley customers have pre-cognition?

No, he just knows his followers are too stupid to figure it out.

In the mean time Wilbur Ross has been shorting stocks. I am sure Trump's family and friends have been doing the same thing.

2018 stock market has had worst performance since 2010.

[kallend 2,106]

So Trump's Commerce Secretary, Wilbur Ross, while helping to engineer a trade war, has been shorting stocks.

Things that make you go "Hmmmm".

...

The only sure way to survive a canopy collision is not to have one.

[Phil1111 1,149]

kallend

So Trump's Commerce Secretary, Wilbur Ross, while helping to engineer a trade war, has been shorting stocks.

Things that make you go "Hmmmm".

8 reasons why Trump's tariffs may push the U.S. into a recession
https://www.cbsnews.com/news/will-trumps-tariffs-push-the-economy-into-recession/

Trump’s proposed tariffs will lead to ‘deep recession’, say World Trade Organisation
https://www.independent.co.uk/news/world/americas/us-politics/trump-tariffs-recession-us-imports-aluminium-steel-world-trade-organization-warning-a8240941.html

Increased threat of a trade war is ramping up fears of a 'full-blown recession'
https://www.cnbc.com/2018/06/22/increased-threat-of-a-trade-war-is-ramping-up-fears-of-a-full-blown-recession.html

Wilbur Ross,
"As the U.S. bubble began to burst, Ross decided he wanted to invest more and advise less. On April Fools’ Day 2000, the 62-year-old banker raised $450 million to plunge into fallen companies.

Excellent timing. The 2000–1 rolling stock-market crash, 9/11, and a globally synchronous recession pushed scores of companies into bankruptcy. New Economy highfliers like Enron, WorldCom, and Global Crossing went bust. But so did Old Economy stalwarts in industries like steel and textiles—victims of excess capacity, global competition, and generous union contracts."
http://nymag.com/nymetro/news/bizfinance/columns/moneyandmind/10279/