Global shift to the right

[Phil1111 1,149]

29 minutes ago, tkhayes said:

my point is/was  the guardrails no longer exist, so the constitution does matter if there is no mechanism to enforce it. 

Western Canada is spouting much of the same rhetoric in recent years that has been generating in the USA for decades.  conspiracies, misinformation, authoritarian leaning speak, etc.  Alberta is and always was the Texas of Canada.  If you do not think that cannot happen there, well, 40 years ago, no one thought it could happen here, and yet it is happening as we speak.

The Alberta conservative leader: Danielle Smith’s cancer claims:“But, when you think about everything that built up before you got to stage four(cancer) and that diagnosis, that’s completely within your control and there’s something you can do about that that is different.”....

"During the town hall, in response to an audience member’s concerns about chemtrail spraying over Edmonton, Smith said, “The best I have been able to do is talk to the woman who is responsible for controlling the airspace, and she says no one is allowed to go up and spray anything in the air.”

When the crowd hooted and booed, Smith said, “That’s what she’s told me.”

Smith added, “The other person told me that if anyone is doing it, it’s the U.S. Department of Defense.”

Smith said if the U.S. is hitting Alberta with chemtrails, her hands are somewhat tied as a regional leader in Canada."

She's a dumb as trump.

[David Wang 54]

1 hour ago, gowlerk said:

No need to be so dark. These things ebb and flow. The people of the nation did not really change. There will be policy shifts that you and I find discouraging and there will be strong resistance as well. Giving up is not an option nor is it necessary. The constitution may take a bruising but it will still stand despite the temporary setback. 

I agree with this, and it's not like people have much of a choice. Sure, some people might be able to move out of the country or to another state, but that portion has to be really small.

Btw, resistance at the state level has started https://www.nytimes.com/2024/11/07/us/newsom-trump-california.html

[Phil1111 1,149]

Of course the world is shifting to the right. The right can afford to buy more politicians.

Trump’s victory adds record $64bn to wealth of richest top 10 Share surge increases Elon Musk’s fortune by $26bn in a day as Jeff Bezos, Sergey Brin and Bill Gates also benefit

Meanwhile principled Americans: How to move to Canada' surges on Google as U.S. wakes up to Donald Trump win

[jakee 1,489]

1 hour ago, Phil1111 said:

Of course the world is shifting to the right. The right can afford to buy more politicians.

In the first Trump campaign they said the best thing about him was that he was so rich he wouldn't need corporate donors and that's why he's so different and great!

In this Trump campaign they cut out the middle men and invited the worlds richest corporation owner directly into the inner circle of the administration in exchange for his support. And the MAGA people said yes! That's exactly what makes you so different and great!

[SkyDekker 1,465]

2 hours ago, JerryBaumchen said:

Hi folks,

Re:  Just wait until they see those higher prices that tariffs will bring.

Here you go:  Trump tariffs would hit these stock-market sectors the hardest | Morningstar

Jerry Baumchen

PS)  I think that they call it free enterprise.

I think Trump will threaten a lot with these tariffs, but in the end I think it is all bark and no bite. I don't think you will see blanket tariffs against China.

China isn't stupid. Since the last rounds of tariffs, they have been making significant investments in other countries so they are able to backdoor the tariffs. All those investments are in emerging markets. Emerging markets are the largest growing group of consumers in the world.

So put tariffs on China and China will start directing their exports through these investments they have made in emerging markets. US would then have to put tariffs on products coming from these merging markets. Of course China and these emerging markets will respond, which will effect US exports

About 30% of US exports go to emerging markets.

It will be mostly bark and very little bite.

 

[normiss 798]

44 minutes ago, SkyDekker said:

I think Trump will threaten a lot with these tariffs, but in the end I think it is all bark and no bite. I don't think you will see blanket tariffs against China.

China isn't stupid. Since the last rounds of tariffs, they have been making significant investments in other countries so they are able to backdoor the tariffs. All those investments are in emerging markets. Emerging markets are the largest growing group of consumers in the world.

So put tariffs on China and China will start directing their exports through these investments they have made in emerging markets. US would then have to put tariffs on products coming from these merging markets. Of course China and these emerging markets will respond, which will effect US exports

About 30% of US exports go to emerging markets.

It will be mostly bark and very little bite.

 

Companies are already starting to over buy inventory to produce their products.

They know it's coming. Their employees, not so much.

[SkyDekker 1,465]

4 minutes ago, normiss said:

Companies are already starting to over buy inventory to produce their products.

They know it's coming. Their employees, not so much.

sure, as would I if I had such a company. Good defensive move.

That doesn't mean they know it is coming, they are risk managing. As they should.

That does mean that in small and mid-size companies that have to buy inventory now, cash will be scarce. So, wouldn't be counting on bonuses come Christmas time.

Edited November 8, 2024 by SkyDekker

[nigel99 471]

The problem is that isolationist polices are attractive at face value. 

I believed that Brexit would be a good thing for the UK. Uk standard of living was higher than many parts of the EU. The way I saw it was that by leaving the EU the UK standard of living would be maintained for a longer time, but ultimately would end in a war in the long term. 

8 years later it’s pretty clear I was wrong.

[billeisele 130]

18 hours ago, JerryBaumchen said:

Hi Bill,

As I said:  If anything, housing is a true supply & demand system.

Are you now against free enterprise?

Jerry Baumchen

Jerry - certainly not. Was just commenting on the demand created by unchecked immigration. As some mentioned, we don't know how many are in houses, guests of existing homeowners, or many other facts. I'm aware of a few in my area and they live in rental houses. They are in construction and tree cutting, hard workers. I'm sure that's not true in all areas.

I agree with Wendy on AirBnB and VRBO type companies. In my area the County is working on rules to manage short term rentals. In Charleston, Folly Beach, Isle of Palms and other surrounding areas they already did it. The problem I'm seeing (we have one 4 doors down the street) is the noise, trash and general disruption. About 1 out of 5 renters are a problem. It's on the lake and attracts fishermen, families and party groups. The owner is learning to screen them better.

In my area lumber prices are back down to pre-Covid prices, other materials are up some and labor cost hasn't changed that much. I've not looked at the financial reports of large home builders, my guess is they are quite profitable.

Last month I got quotes on 5 construction projects. One source is a homebuilder. Apples to apples, his quotes were 20-40% higher than the other contractors. The only significant difference is the high price guy has 1st and 2nd tier subcontractors, the others have 1st tier subs. What I don't know is their margins but suspect that's a contributing factor.

The Zillow CEO made a public statement this week about his opinion of what will happen if mass deportation occurs. Lower demand and corresponding decrease in rent rates and decrease in house prices. We'll see what happens with deportation. There are many real issues to resolve on that issue.

[billeisele 130]

18 hours ago, JerryBaumchen said:

Hi Bill,

As I said:  If anything, housing is a true supply & demand system.

Are you now against free enterprise?

Jerry Baumchen

Jerry - certainly not. Was just commenting on the demand created by unchecked immigration. As some mentioned, we don't know how many are in houses, guests of existing homeowners, or many other facts. I'm aware of a few in my area and they live in rental houses. They are in construction and tree cutting, hard workers. I'm sure that's not true in all areas.

I agree with Wendy on AirBnB and VRBO type companies. In my area the County is working on rules to manage short term rentals. In Charleston, Folly Beach, Isle of Palms and other surrounding areas they already did it. The problem I'm seeing (we have one 4 doors down the street) is the noise, trash and general disruption. About 1 out of 5 renters are a problem. It's on the lake and attracts fishermen, families and party groups. The owner is learning to screen them better.

In my area lumber prices are back down to pre-Covid prices, other materials are up some and labor cost hasn't changed that much. I've not looked at the financial reports of large home builders, my guess is they are quite profitable.

Last month I got quotes on 5 construction projects. One source is a homebuilder. Apples to apples, his quotes were 20-40% higher than the other contractors. The only significant difference is the high price guy has 1st and 2nd tier subcontractors, the others have 1st tier subs. What I don't know is their margins but suspect that's a contributing factor.

The Zillow CEO made a public statement this week about his opinion of what will happen if mass deportation occurs. Lower demand and corresponding decrease in rent rates and decrease in house prices. We'll see what happens with deportation. There are many real issues to resolve on that issue.